KUBO SUPPLY
ActiveKUBO SUPPLY has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.72M and a net result of €-271k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 4839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-7
Solvency83▲+24
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 1.51 in 2024; short-term debt: 41.6% and cash: 9.8% of total assets), and 41.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.2%
Return on assets
-9.2%
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
1819202122232425
2018 to 2025 · latest year €-271k
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
41 d early
2023
29 d early
2022
35 d early
2021
41 d early
2020
16 d early
2019
25 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€16.50M▼ 2.7%
2024 · €16.95M
2018: €33.20M
2019: €36.98M
2020: €26.15M
2021: €20.26M
2022: €15.38M
2023: €13.30M
2024: €16.95M
2018 → 2025
EBIT margin
-1.8%▼ 1.3pp
2024 · -0.4%
2018: 5.8%
2019: 4.9%
2020: 3.9%
2021: 8.6%
2022: 5.0%
2023: 0.4%
2024: -0.4%
2018 → 2025
Net result
€-271k▼ 22.2%
2024 · €-221k
2018: €1.34M
2019: €1.25M
2020: €650k
2021: €1.36M
2022: €553k
2023: €-44k
2024: €-221k
2018 → 2025
Working capital
€1.68M▼ 13.3%
2024 · €1.93M
2018: €3.53M
2019: €3.63M
2020: €3.54M
2021: €3.88M
2022: €2.23M
2023: €2.13M
2024: €1.93M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€20.26M-€15.38M▼ 24.1%€13.30M▼ 13.5%€16.95M▲ 27.4%€16.50M▼ 2.7%
Equity€3.70M-€2.26M▼ 39.1%€2.21M▼ 1.9%€1.99M▼ 10.0%€1.72M▼ 13.6%
Operating result€1.75M-€765k▼ 56.2%€57k▼ 92.5%€-76k€-291k▼ 285%
Net result€1.36M-€553k▼ 59.3%€-44k€-221k▼ 408%€-271k▼ 22.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €291k in 2025 against €76k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.96M
Fixed assets
€50k▼ 30.6%
Current assets
€2.91M▼ 49.1%
Equity and liabilities €2.96M
Equity
€1.72M▼ 13.6%
Debt
€1.24M▼ 67.4%
The debt ratio falls from 65.5% to 41.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-269k▼
2024 · €-52k
Cash flow
€-249k▼
2024 · €-198k
Solvency
58.2%▲
2024 · 34.5%
Current ratio
2.36▲
2024 · 1.51
Quick ratio
1.85▲
2024 · 0.91
Debt / equity
0.72▼
2024 · 1.90
ROE
-15.7%▼
2024 · -11.1%
ROA
-9.2%▼
2024 · -3.8%
Interest coverage
-4.89▼
2024 · -0.35
Debt
€1.24M▼
2024 · €3.79M
Debt ≤ 1 year
€1.23M▼
2024 · €3.78M
Income taxes
€0
Staff costs
€172k▼
2024 · €201k
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€5.78M€2.96M▼
Fixed assets21/28€72k€50k▼
Tangible fixed assets22/27€72k€50k▼
Furniture and vehicles24€72k€50k▼
Current assets29/58€5.71M€2.91M▼
Stocks and contracts in progress3€2.28M€632k▼
Stocks30/36€2.28M€632k▼
Goods purchased for resale34€2.28M€632k▼
Amounts receivable within one year40/41€3.39M€1.98M▼
Trade receivables40€3.24M€1.78M▼
Other amounts receivable41€150k€202k▲
Cash at bank and in hand54/58€27k€291k▲
Deferred charges and accrued income490/1€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€5.78M€2.96M▼
Equity10/15€1.99M€1.72M▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€15k€15k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Profit (loss) carried forward14€1.83M€1.56M▼
Amounts payable17/49€3.79M€1.24M▼
Amounts payable within one year42/48€3.78M€1.23M▼
Financial debts43€3.58M€813k▼
Credit institutions430/8€3.58M€813k▼
Trade debts44€172k€400k▲
Suppliers440/4€172k€400k▲
Taxes, remuneration and social security45€26k€18k▼
Taxes450/3€14k-
Remuneration and social security454/9€12k€18k▲
Accrued charges and deferred income492/3€13k€5k▼
Income statement
Code20242025
Operating income70/76A€16.96M€16.51M▼
Turnover70€16.95M€16.50M▼
Other operating income74€10k€16k▲
Non-recurring operating income76A€8k-
Operating charges60/66A€17.04M€16.80M▼
Goods for resale, raw materials and consumables60€15.54M€15.56M▲
Purchases600/8€16.18M€13.91M▼
Change in stocks: decrease (increase)609€-635k€1.65M▲
Services and other goods61€1.26M€1.01M▼
Remuneration, social security and pensions62€201k€172k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k-
Other operating charges640/8€14k€44k▲
Operating profit (loss)9901€-76k€-291k▼
Financial income75/76B€73k€220k▲
Recurring financial income75€73k€220k▲
Income from current assets751-€2k
Other financial income752/9€73k€218k▲
Financial charges65/66B€218k€200k▼
Recurring financial charges65€218k€200k▼
Debt charges650€148k€55k▼
Other financial charges652/9€70k€145k▲
Profit (loss) for the period before taxes9903€-221k€-271k▼
Income taxes67/77-€0
Taxes670/3-€0
Profit (loss) for the period9904€-221k€-271k▼
Profit (loss) for the period to be appropriated9905€-221k€-271k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.83M€1.56M▼
Profit (loss) brought forward from the previous period14P€2.05M€1.83M▼
Social balance
Average headcount (FTE)90871.81.7▼
The notes to these accounts (31 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-271k
Net result drops to €-271k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.26
Current ratio from 1.72 to 4.26; short-term debt falls from €3.09M to €652k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.36M ▲109%
Net result €1.36M, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.75
Current ratio from 1.52 to 3.75; short-term debt falls from €7.05M to €1.29M.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Antwerpen · 1 establishment unit since 2008
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.
Mexicostraat 52030 AntwerpenGround area
1,116 m²
Building footprint
1,116 m²
Volume, LiDAR
7,834 m³
Parcel 11807G1446/00T000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KUBO SUPPLY
since 20082.168.264.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1446/00T000 | Flanders | 1,116 m² | 1 · 1,116 m² | 10.1 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
Food safety, FASFC
1 siteAntwerpen2.168.264.457
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Of 1,566 companies in sector 46900 we hold annual accounts for 920. 551 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-01-2008
Fiscal year end31-12
Activities, NACEBEL
46900Non-specialised wholesale trade
46170Agents in the wholesale of food, beverages and tobacco
46349Wholesale of beverages, general range
46350Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:03/640.38.50