Active BE 0802.888.695Private limited company

KUBLO

Bijsstraat 59 ·3770 Riemst, Belgium· 3 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

The computed 12-month bankruptcy probability of KUBLO is 2.8% (moderate). The 2024 annual accounts show equity of €26k and a net result of €8k. Its solvency ranks better than 36% of 9987 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€26k
Net result	€8k
Better than sector	36%
Active	3 yrs

Financial profile 5 of 5 axes measured · computed by Checked

71 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 80

Profitability 67

Solvency 48

Growth 68

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.8% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

80 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

100 2023

80 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.12 (≥ 1.0) +5

Quick ratio Quick ratio 1.12 (≥ 1.0) +5

Profitability ROE 29% (≥ 10%) +10

EBITDA margin EBITDA-marge 10% +2

Interest coverage Interest coverage 138.9× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 25-09-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	28.8%	42.3%	better than 36% of 9987 sector peers
Net result	€8k	€8k	better than 50% of 9974 sector peers
Equity	€26k	€45k	better than 36% of 10001 sector peers
Gross operating margin	€15k	€31k	better than 33% of 9961 sector peers
Total assets	€90k	€125k	better than 39% of 9989 sector peers

Revenue

€150k

+276.1% 23-24

EBITDA

€15k

-31.4% 23-24

Net profit

€8k

-55.7% 23-24

Cash flow

€12k

-29.4% 23-24

Total assets

€90k

+195.9% 23-24

Equity

€26k

+41.8% 23-24

Working capital

€7k

-51.1% 23-24

Income taxes

€3k

-41.0% 23-24

Debt

€64k

+427.8% 23-24

Debt ≤ 1y

€64k

+427.8% 23-24

Current ratio

1.12

-50.4% 23-24

Quick ratio

1.12

-50.4% 23-24

Solvency

28.8%

-52.1% 23-24

Debt / equity

2.47

+272.1% 23-24

ROE

29.5%

-68.8% 23-24

ROA

8.5%

-85.0% 23-24

Net margin

5.1%

-88.2% 23-24

EBITDA margin

9.9%

-81.8% 23-24

Interest coverage

138.92

-79.9% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	€150k	€40k
EBITDA	€15k	€22k
Net profit	€8k	€17k
Cash flow	€12k	€17k
Staff costs	-	-
Income taxes	€3k	€4k
Dividends	-	-
Total assets	€90k	€30k
Equity	€26k	€18k
Debt	€64k	€12k
of which ≤ 1y	€64k	€12k
of which > 1y	-	-
Working capital	€7k	€15k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	1.12	2.25
Quick ratio	1.12	2.25
Working capital ratio	8.2%	49.8%
Solvency	28.8%	60.1%
Debt / equity	2.47	0.66
Long-term debt ratio	-	-
Interest coverage	138.92	690.07
Gross margin	10.1%	54.5%
Net margin	5.1%	43.0%
ROA	8.5%	56.8%
ROE	29.5%	94.5%
EBITDA margin	9.9%	54.4%
Days sales outstanding	122d	0d
Days payable outstanding	150d	156d
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €18k · 20.6% Current assets €71k · 79.4%

Equity & liabilities

Equity €26k · 28.8% Debt €64k · 71.2%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€90k	€30k
Fixed assets	21/28	€18k	€3k
Formation expenses	20	-	€0
Intangible fixed assets	21	€8k	-
Tangible fixed assets	22/27	€10k	€3k
Current assets	29/58	€71k	€27k
Amounts receivable within one year	40/41	€69k	€252
Cash & bank	54/58	€2k	€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€90k	€30k
Equity	10/15	€26k	€18k
Contributions / capital	10/11	€1k	€1k
Accumulated profits (losses)	14	€25k	€17k
Amounts payable	17/49	€64k	€12k
Amounts payable within one year	42/48	€64k	€12k
Trade debts payable within one year	44	€56k	€8k
Income statement
Turnover	70	€150k	€40k
Gross operating margin	9900	€15k	€22k
Operating result	9901	€10k	€22k
Financial charges	65	€108	€32
Result before taxes	9903	€10k	€22k
Income taxes	67/77	€3k	€4k
Net result for the period	9904	€8k	€17k
Result to be appropriated	9905	€8k	€17k

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Private limited company(610)
Incorporation	19-06-2023
Status	Active
Postal code	3770

Establishment units 1 location

KUBLO

Bijsstraat 59, 3770 RiemstGeneral construction of buildings

since 20232.348.966.450

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73092B0539/00L000	Flanders	847 m²	1 · 212 m²	11.3 m · 2 fl.

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.

Updates 2 events

All 2Filings 2

2025

25-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 56 days late

2024

07-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 99 days late

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings41001

Names & trade names

Legal nameNL

KUBLO

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