KUBITAN
ActiveThe computed 12-month bankruptcy probability of KUBITAN is 3.5% (moderate). The annual accounts of KUBITAN for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €11k and a net result of €-12k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 4564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▲+2
Solvency45▼-8
Growth52=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.71 against 1.2 in 2024; short-term debt: 57% and cash: 5.3% of total assets), and 79.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.3%
Return on assets
-22%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-12k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
53 d early
2024
56 d late
2023
183 d early
2022
48 d early
2021
48 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 52.0%
2024 · €24k
2021: €10k
2022: €15k
2023: €30k
2024: €24k
2021 → 2025
Total assets
€56k▼ 34.5%
2024 · €85k
2021: €20k
2022: €23k
2023: €62k
2024: €85k
2021 → 2025
Net result
€-12k▼ 79.2%
2024 · €-7k
2021: €389
2022: €5k
2023: €16k
2024: €-7k
2021 → 2025
Working capital
€-9k
2024 · €6k
2021: €7k
2022: €10k
2023: €31k
2024: €6k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€15k▲ 43.3%€30k▲ 105%€24k▼ 22.5%€11k▼ 52.0%
Operating result€1k-€5k▲ 395%€20k▲ 312%€625▼ 96.9%€-4k
Net result€389-€5k▲ 1,056%€16k▲ 246%€-7k€-12k▼ 79.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €625 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€33k▼ 29.5%
Current assets
€23k▼ 40.6%
Equity and liabilities €56k
Equity
€11k▼ 52.0%
Debt
€44k▼ 27.7%
The debt ratio rises from 72.2% to 79.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €13k
Cash flow
€2k▼
2024 · €5k
Solvency
20.3%▼
2024 · 27.8%
Current ratio
0.71▼
2024 · 1.20
Quick ratio
0.71▼
2024 · 1.20
Debt / equity
3.92▲
2024 · 2.60
ROE
-108.4%▼
2024 · -29.0%
ROA
-22.0%▼
2024 · -8.1%
Interest coverage
3.50▲
2024 · 2.18
Debt
€44k▼
2024 · €61k
Debt ≤ 1 year
€32k=
2024 · €32k
Debt > 1 year
€13k▼
2024 · €30k
Income taxes
€5k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€85k€56k▼
Fixed assets21/28€47k€33k▼
Tangible fixed assets22/27€47k€33k▼
Furniture and vehicles24€47k€33k▼
Current assets29/58€38k€23k▼
Amounts receivable within one year40/41€34k€20k▼
Trade receivables40€21k€9k▼
Other amounts receivable41€13k€11k▼
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€85k€56k▼
Equity10/15€24k€11k▼
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€10k€10k=
Profit (loss) carried forward14€14k€1k▼
Amounts payable17/49€61k€44k▼
Amounts payable after more than one year17€30k€13k▼
Financial debts170/4€30k€13k▼
Amounts payable within one year42/48€32k€32k=
Current portion of amounts payable after more than one year42€25k€26k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€15k€11k▼
Operating profit (loss)9901€625€-4k▼
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€-5k€-7k▼
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€-7k€-12k▼
Profit (loss) for the period to be appropriated9905€-7k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€1k▼
Profit (loss) brought forward from the previous period14P€20k€14k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €16k ▲246%
Operating result €20k, net result €16k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Scheepvaartstraat 129000 GentGround area
84 m²
Building footprint
53 m²
Volume, LiDAR
320 m³
Parcel 44021A3062/00B002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KUBITAN
since 20202.307.848.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3062/00B002 | Flanders | 84 m² | 1 · 53 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,196. 4,092 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2020
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.