KUBRO
ActiveSummary
KUBRO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €464k and a net result of €18k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-6
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 6.05 against 4.6 in 2024; short-term debt: 14.8% and cash: 10.6% of total assets), and 15.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
84.3%
Return on assets
3.3%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
31 d late
2021
31 d late
2020
27 d late
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Turnover
€2.04M▲ 60.1%
2018 · €1.28M
EBIT margin
-2.2%▼ 4.5pp
2018 · 2.4%
Net result
€18k▼ 60.5%
2024 · €46k
Working capital
€413k▲ 8.9%
2024 · €379k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€-29k▲ 49.5%€28k€258k▲ 822%€68k▼ 73.7%€28k▼ 58.3%
Net result€-28k▲ 43.9%€29k€208k▲ 615%€46k▼ 77.9%€18k▼ 60.5%
EBIT margin
Equity€162k▼ 14.7%€192k▲ 17.9%€400k▲ 109%€446k▲ 11.5%€464k▲ 4.1%
Total assets€177k▼ 23.3%€200k▲ 12.8%€570k▲ 185%€566k▼ 0.6%€550k▼ 2.8%
Debt€15k▼ 63.7%€8k▼ 42.9%€170k▲ 1,902%€120k▼ 29.0%€86k▼ 28.4%
Working capital€141k▼ 14.4%€161k▲ 13.9%€317k▲ 97.1%€379k▲ 19.7%€413k▲ 8.9%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €550k
Fixed assets
€56k ▼ 31.7%
Current assets
€494k ▲ 2.0%
Equity and liabilities €550k
Equity
€464k ▲ 4.1%
Debt
€86k ▼ 28.4%
Debt's share of the balance-sheet total falls from 21.3% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2024 · €94k
Cash flow
€44k▼
2024 · €72k
Current ratio
6.05▲
2024 · 4.60
Debt to equity
0.19▼
2024 · 0.27
ROE
3.9%▼
2024 · 10.3%
ROA
3.3%▼
2024 · 8.1%
Interest coverage
43.04▼
2024 · 58.33
Debt ≤ 1 year
€82k▼
2024 · €105k
Debt > 1 year
€5k▼
2024 · €15k
Income taxes
€11k▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €23k | €0 | - | - |
| Remuneration, social security and pensions62 | €30 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €20k | €26k | €26k | = |
| Other operating charges640/8 | €2k | €2k | €5k | €3k | €2k | ▼ 25.3% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €-13k | €44k | €284k | €97k | €56k | ▼ 41.7% |
| Operating profit (loss)9901 | €-29k | €28k | €258k | €68k | €28k | ▼ 58.3% |
| Financial income75/76B | €2k | €2k | €1k | €1k | €2k | ▲ 53.0% |
| Recurring financial income75 | €2k | €2k | €1k | €1k | €2k | ▲ 53.0% |
| Financial charges65/66B | €475 | €85 | €2k | €2k | €1k | ▼ 21.6% |
| Recurring financial charges65 | €475 | €85 | €2k | €2k | €1k | ▼ 21.6% |
| Profit (loss) for the period before taxes9903 | €-27k | €30k | €258k | €68k | €29k | ▼ 57.0% |
| Income taxes67/77 | €516 | €534 | €50k | €22k | €11k | ▼ 49.5% |
| Profit (loss) for the period9904 | €-28k | €29k | €208k | €46k | €18k | ▼ 60.5% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €29k | €208k | €46k | €18k | ▼ 60.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177k | €200k | €570k | €566k | €550k | ▼ 2.8% |
| Fixed assets21/28 | €21k | €31k | €108k | €82k | €56k | ▼ 31.7% |
| Tangible fixed assets22/27 | €21k | €31k | €108k | €82k | €56k | ▼ 31.7% |
| Plant, machinery and equipment23 | €528 | €211 | €25k | €19k | €13k | ▼ 30.8% |
| Furniture and vehicles24 | €2k | €31k | €83k | €63k | €43k | ▼ 32.0% |
| Leasing and similar rights25 | €19k | €0 | - | - | - | - |
| Current assets29/58 | €156k | €169k | €462k | €485k | €494k | ▲ 2.0% |
| Amounts receivable within one year40/41 | €118k | €83k | €389k | €212k | €433k | ▲ 104% |
| Trade receivables40 | €7k | €17k | €322k | €144k | €322k | ▲ 125% |
| Other amounts receivable41 | €111k | €66k | €67k | €68k | €111k | ▲ 61.5% |
| Cash at bank and in hand54/58 | €36k | €84k | €70k | €270k | €58k | ▼ 78.4% |
| Deferred charges and accrued income490/1 | €1k | €3k | €3k | €2k | €3k | ▲ 49.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177k | €200k | €570k | €566k | €550k | ▼ 2.8% |
| Equity10/15 | €162k | €192k | €400k | €446k | €464k | ▲ 4.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €144k | €173k | €381k | €427k | €445k | ▲ 4.3% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €144k | €173k | €381k | €427k | €445k | ▲ 4.3% |
| Amounts payable17/49 | €15k | €8k | €170k | €120k | €86k | ▼ 28.4% |
| Amounts payable after more than one year17 | €0 | - | €24k | €15k | €5k | ▼ 69.8% |
| Financial debts170/4 | €0 | - | €24k | €15k | €5k | ▼ 69.8% |
| Amounts payable within one year42/48 | €15k | €8k | €145k | €105k | €82k | ▼ 22.5% |
| Current portion of amounts payable after more than one year42 | €9k | €0 | €10k | €10k | €11k | ▲ 5.3% |
| Trade debts44 | €5k | €7k | €67k | €17k | €30k | ▲ 84.1% |
| Suppliers440/4 | €5k | €7k | €67k | €17k | €30k | ▲ 84.1% |
| Taxes, remuneration and social security45 | €1k | €1k | €67k | €77k | €32k | ▼ 58.1% |
| Taxes450/3 | €1k | €1k | €67k | €77k | €32k | ▼ 58.1% |
| Other amounts payable47/48 | - | - | €1k | €1k | €8k | ▲ 509% |
| Accrued charges and deferred income492/3 | €0 | €100 | €442 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €29k | €208k | €46k | €18k | ▼ 60.5% |
| + Depreciation and write-downs630 | €14k | €14k | €20k | €26k | €26k | = |
| Operating cash flow (approximation) | €-14k | €43k | €229k | €72k | €44k | ▼ 38.7% |
| Investment in fixed assets (approximation) | - | €-24k | €-97k | €0 | €0 | - |
| Change in cash | - | €47k | €-14k | €201k | €-212k | ▼ 206% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €208k ▲615%
Operating result €258k, net result €208k, both a record.
31-12
Financial
Equity above €200kEq €400k ▲109%
2 profitable years in a row build equity to €400k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Maasmechelen · 1 establishment unit since 1996
Ground area
4,769 m²
Building footprint
1,333 m²
Volume, LiDAR
10,331 m³
Parcel 73013D0688/00A000, Flanders · tallest building 18.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koninginnelaan(E) 58, 3630 Maasmechelen
since 19962.022.146.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013D0688/00A000 | Flanders | 4,769 m² | 1 · 1,333 m² | 18.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 4,701 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-03-1983
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.