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MSCUBE

Active Private limited companyfounded 2013active for 13 yearsStekelbremlaan 13, 1150 Woluwe-Saint-PierreKBO/BCE: BE 0541.424.801
MSCUBE
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Overview

Lifetime

12 annual accounts with figures on one time axis
peak €73,112 (2023)
€11,871▼ 46.5%
lowest -€8,915 (2021)
€2,471▼ 76.2%
peak €170,624 (2023)
€123,182▼ 18.9%
€68,078▲ 56.0%
Board1 name since 2013
1 director
Documentsfilings and deeds
28-04-202694 days before the deadline
2025micro format
Gross margin from €22,188 to €11,871Result from €10,386 to €2,471Dividend €31,111Equity from €151,822 to €123,182Debts from €43,652 to €68,078Cash from €57,341 to €31,718

Key points

from the 2025 annual accounts

Equity

€123,182 ▼ 18.9%
151,8222024+2,471Profit-31,111Dividend123,1822025

MSCUBE paid out €31,111 in dividends. That is 1,259% of the 2025 profit.

Turnover

≈ €75,000 estimated

The micro format states no turnover.

Filings

12 annual accounts since 2014
AprilJune31 JulyOctober201520202025

Two of the last ten came late. The 2021 accounts came latest: 11 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 10,902 companies had the same profile as MSCUBE has now. Each dot stands for 28 companies, two years later.

95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 10,902 companies, not a prediction for MSCUBE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 22-10-2013
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0541424801
Change of role: , from statutory manager to statutory director “L’importation et l’exportation,l’exploitation,le commissionnement,le conseil,le développement,la…” (deed in French) · General meeting of 15-06-2023 · Gazette deed
Incorporation published on 06-11-2013 · Gazette deed
First establishment Stekelbremlaan 13, Woluwe-Saint-Pierre
All 22 events

Comparable companies

same main activity, similar in size and age
Company
MSCUBE Woluwe-Saint-Pierre €191,259 €11,871 64.4% -
Landscape.Urbanism Mortsel €175,702 €10,689 85.7% -
IPMG Hoeilaart €185,826 €12,722 11.0% -
AKINDOO Jodoigne €188,060 €11,938 39.2% -
COSIS Soignies €197,256 €15,198 92.4% -
BENELUX HEALTH VENTURES Uccle €225,251 €8,714 90.8% -
SheCorp Etterbeek €269,832 €10,966 75.3% -

These companies have the same main activity as MSCUBE: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €176,000 and €270,000, founded between 2011 and 2014.

Official details

Source: KBO
Status
Active since 25-10-2013Normal situation
Activity
Public relations and communication consultancyNACE 73300and 3 others
Establishment unit
2.223.714.1121150 Woluwe-Saint-Pierre, since 25-10-2013
Financial year end
31 December
Peppol
Reachable since 27-02-2025
Company details

Annual accounts 2025

€11,871▼ 46.5%
€2,471▼ 76.2%
€123,182▼ 18.9%
€191,259▼ 2.2%
Filing
Filed on 28-04-2026, 94 days before the end of the filing period
Financials

Insights on MSCUBE

MSCUBE files the micro format. That format states no turnover. The gross margin fell from €17,309 in 2014 to €11,871 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 28-04-2026, 94 days before the deadline
€11,871
▼ 46.5%
€3,693
▼ 74.7%
€2,471
▼ 76.2%
€103,733
▼ 16.9%
64.4%
▼ 13.3 percentage points
2.52
▼ 1.34

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €75,000. Estimated: probably between €31,000 and €120,000.

Balance sheet

balance sheet total €191,259 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

64.4%

Higher than 60% of 9,119 companies in 2025.

2.52

Higher than 58% of 8,757 companies in 2025.

1.3%

Higher than 30% of 8,885 companies in 2025.

MSCUBE Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014
Balance sheet: assets
20/58 191,259195,474206,897153,283167,443157,797133,131120,26479,43599,839106,563121,583
21/28 19,44826,96232,22822,13310,27515,74718,13822,79610,56518,15425,66631,490
22/27 14,64622,16027,42617,3305,47310,94513,33617,9945,76313,35220,86426,765
23 4261,2262,026---------
24 14,22020,93425,40017,3301,8203,6392,3773,3825,76313,35220,86426,765
25 ---03,653-------
28 4,8024,8024,8024,8024,8024,8024,8024,8024,8024,8024,8024,725
29/58 171,811168,512174,669131,150157,168142,049114,99297,46868,87081,68580,89690,093
40/41 72,15750,75758,03871,59677,87659,36630,45453,80838,38112,60125,80822,522
40 51,35833,99657,98959,44465,72556,41424,25450,63035,62310,64818,59414,520
41 20,79916,7624812,15112,1512,9526,2003,1772,7571,9537,2148,002
50/53 60,00060,00060,000---------
54/58 31,71857,34156,24358,75860,03963,51966,42639,51030,14969,08455,08867,571
490/1 7,93641338879619,25319,16518,1134,150340---
Balance sheet: equity and liabilities
10/49 191,259195,474206,897153,283167,443157,797133,131120,26479,43599,839106,563121,583
10/15 123,182151,822170,624123,493118,207127,12292,62861,51755,07132,33026,03111,363
10/11 6,2406,2406,2406,2406,2406,2406,2406,2406,2406,2406,2406,240
100 ------18,60018,60018,60018,60018,60018,600
101 ------12,36012,36012,36012,36012,36012,360
13 116,942145,582164,384117,253117,619117,61983,12552,01445,56722,82616,5281,860
130/1 --01,8601,8601,860------
130 ------1,8601,8601,8601,8601,8601,860
1311 --01,8601,8601,860------
133 116,942145,582164,384115,393115,759115,75981,26550,15443,70720,96614,668-
14 0000-5,6523,2633,2633,2633,2633,2633,2633,263
17/49 68,07843,65236,27429,78949,23630,67440,50258,74724,36467,50980,532110,219
42/48 68,07843,65236,27429,78949,23630,67440,50258,74724,22567,50980,532110,219
44 39,00922,8479,0905,32534,01810,00136,14144,98714,20263,83070,913107,651
440/4 39,00922,8479,0905,32534,01810,00136,14144,98714,20263,83070,913107,651
45 11,33618,24824,75022,69015,15020,6064,36113,76010,0223,6799,6182,569
450/3 11,33618,24824,75022,69015,15020,6064,36113,76010,0223,6799,6182,569
47/48 17,7332,5582,4341,7746767------
492/3 --------139---
Income statement
9900 11,87122,18873,11248,321-1,45056,22951,61320,90944,80319,68730,96017,309
62 1644617---------
630 7,5147,0975,4927,1345,4725,7914,6585,8377,5898,1508,0498,556
640/8 5004771,4804,3367877851,5773,9821,2261,479492985
9901 3,69314,56966,12436,851-7,70949,65345,37811,09035,98810,05922,4197,768
75/76B 20234712105917342881585-
75 20234712105917342881585-
65/66B 1531491473519089901,0847342319420576
65 1531491473519089901,0847342319420576
9903 3,74114,76766,09936,500-8,55748,68044,32810,38535,7659,98022,2997,692
67/77 1,2704,38118,96810,24835814,18613,2173,93813,0243,6817,6312,569
9904 2,47110,38647,13026,252-8,91534,49431,1116,44622,7416,29914,6685,123
9905 2,47110,38647,13026,252-8,91534,49431,1116,44622,7416,29914,6685,123
Appropriation of the result
9906 2,47110,38647,13020,600-5,65237,75734,3759,71026,0059,56217,9315,123
14P --0-5,6523,263-------
791/2 31,11129,188020,966--------
691/2 2,47110,38647,13020,600034,49431,1116,44622,7416,29914,6681,860
6920 -----------1,860
6921 2,47110,38647,13020,600034,49431,1116,44622,7416,29914,668-
694/7 31,11129,188020,966--------
694 31,11129,188020,966--------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 28-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 28-04-2026 2026-00089563 PDF
31-12-2024 micro format 26-05-2025 2025-00105222 PDF
31-12-2023 micro format 21-06-2024 2024-00148484 PDF
31-12-2022 micro format 31-05-2023 2023-00099565 PDF
31-12-2021 micro format 11-08-2022 2022-20282345 PDF
31-12-2020 micro format 09-06-2021 2021-18200229 PDF
31-12-2019 micro format 07-08-2020 2020-40400514 PDF
31-12-2018 micro format 12-06-2019 2019-17900150 PDF
31-12-2017 micro format 04-05-2018 2018-12200538 PDF
31-12-2016 micro format 23-06-2017 2017-23800210 PDF
31-12-2015 full format 15-06-2016 2016-18400454 PDF
31-12-2014 full format 30-06-2015 2015-24900235 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014
11,20621,66671,61643,985-2,23755,44450,03716,92743,57718,20930,46816,324
9,98517,48352,62233,386-3,44340,28535,76912,28430,33014,44922,71713,679
01,83132,91822,64503,400022,65206382,22640,045
-25,6231,098-2,515-1,280-3,480-2,90726,9169,361-38,93513,996-12,482-
103,733124,860138,395101,360107,932111,37574,49038,72144,64514,176365-20,126
64.4%77.7%82.5%80.6%70.6%80.6%69.6%51.2%69.3%32.4%24.4%9.3%
2.523.864.824.403.194.632.841.662.841.211.000.82
0.550.290.210.240.420.240.440.950.442.093.099.70
2.0%6.8%27.6%21.3%-7.5%27.1%33.6%10.5%41.3%19.5%56.3%45.1%
1.3%5.3%22.8%17.1%-5.3%21.9%23.4%5.4%28.6%6.3%13.8%4.2%
73.24over 100over 100over 100-2.46-------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€1,831€32,918€22,645-
Financial fixed assets€0----
€7,514€7,097€5,492€7,134€5,472

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MSCUBE

The operating result for 2025 is 75% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 22.3% to 35.6%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2023
Statutory director
since 22-10-2013 term without a fixed end
earlier statutory manager, until 17-07-2023
listed in the 2025 annual accounts, filed on 28-04-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Statutory director
BoardEarliermandate already running before its first mention
Mandates as a list
    • Statutory director, from 22-10-2013 to date
    • Statutory manager, until 17-07-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,240
Source
2025 annual accounts

Articles of association

deed of 17-07-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Article 13 a, chaque administrateur agissant seul peut accomplir tous actes nécessaires ou utiles à l'accomplissement de l'objet, sous…”
“Article 14, assemblée générale décide si mandat exercé gratuitement”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
26 May at 19:00

Network & group

No group

MSCUBE has no parent and no holdings in its annual accounts. is the only director. MSCUBE shares no director with another company.

Timeline

Timeline

22 events since 2013

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 94 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 66 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0541424801
2024
Annual accounts 2023 filed PDFmicro format · 40 days before the deadline
2023
Highest result from 2014 to 2025 net €47,130 ▲79.5% The operating result of €66,124 and the net result of €47,130 are both a record.
Equity above €150,000 equity €170,624 ▲38.2% After 2 profitable years in a row, equity reaches €170,624.
Change of role: , from statutory manager to statutory director“L’importation et l’exportation,l’exploitation,le commissionnement,le conseil,le développement,la…” (deed in French) · General meeting of 15-06-20236 points ▸
  • 120 shares
  • Director appointment, (statutory director), mentioned twice in the deed
  • General meeting, 15-06-2023
  • Director resignation, (statutory manager)
  • Registered office clause, Avenue des Ajoncs 13, 1150 Woluwe-Saint-Pierre
  • Power of attorney,
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 61 days before the deadline
2022
Back to profit net €26,252 The net result is €26,252, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 11 days late
2021
Weakest financial year net -€8,915 The net result drops to -€8,915, the lowest from 2014 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 52 days before the deadline
2020
Equity above €100,000 equity €127,122 ▲37.2% With a profit in every financial year since 2014, equity grows to €127,122.
Annual accounts 2019 filed PDFmicro format · 7 days late
2019
Annual accounts 2018 filed PDFmicro format · 49 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 88 days before the deadline
2017
Liquidity more than doubled current ratio 2.84 The current ratio rises from 1.21 to 2.84. Short-term debt falls from €67,509 to €24,225.
Annual accounts 2016 filed PDFmicro format · 38 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 46 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 31 days before the deadline
2013
Incorporation PDFpublished on 06-11-2013
First establishment Stekelbremlaan 13, Woluwe-Saint-Pierre

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MSCUBE was incorporated on 25 October 2013.1 Total assets rose from €120,264 in 2018 to €191,259 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0541.424.801
VAT number
BE 0541.424.801
Peppol ID
0208:0541424801
Other Peppol ID
9925:BE0541424801
Legal form
Private limited company
Status
Active, normal situation
Founded
25-10-2013
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
26 May at 19:00
deed of 17-07-2023 (in French)
Peppol
Reachable since 27-02-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MSCUBE in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-07-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 17-07-2023 (in French)

Activities

NACEBEL 2025
73300 Public relations and communication consultancy main activity
62900 Other information technology and computer services
70200 Business and other management consultancy
71121 Engineering and related technical consultancy, excluding land surveyors
Codes under NACEBEL 2008
70210 Activities of head offices; management consultancy activities main activity
62090 Computer programming, consultancy and related activities
70220 Business consulting
71121 Engineering activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’importation et l’exportation,l’exploitation,le commissionnement,le conseil,le développement,la consultance,l’assistance,l’achat et la…”
20 activities
  1. L’importation et l’exportation,l’exploitation,le commissionnement,le conseil,le développement,la consultance,l’assistance,l’achat et la vente ainsi que la vente à distance de hardwares et de softwares au sens le plus large,et de tout matériel et de tous biens y relatifs ;
  2. Le commerce de matériel informatique et électronique de toute nature en ce compris toutes les activités annexes telles que l’étude,la conception,la réalisation,l’installation et la commercialisation de systèmes informatiques,l’étude,la conception,la production,l’entretien et la maintenance de matériel électronique.
  3. L’organisation de trainings,séminaires,formations,ateliers,réunions,événements,conférences,soirées,réceptions,symposia,activités et congrès,tant en ce qui précède,que sur le plan sportif,culturel,technologique,scientifique,au sens le plus large,ainsi que la consultance en la matière ;
  4. L’achat,la vente,le courtage,la commission et la prise de brevets,de droits d’auteur et tout droit intellectuel,ainsi que tout conseil en la matière ;
  5. La prise de participations,directe ou indirecte,dans le capital de toute personne morale belge ou étrangère,existante ou à créer,de quelque manière que ce soit,notamment par voie d'apport,de fusion,de souscription et de commandite,ainsi que le contrôle de leur gestion ou la participation à celle-ci ;
  6. Pour son compte propre,l’acquisition,la vente ou l’échange de tout droit mobilier,biens mobiliers et de toute valeur mobilière,comme tous droits sociaux,belges ou étrangers,même non cotés en bourse,actions,obligations,bons de caisse,fonds d’Etat,warrants,options et autres,en ce compris notamment la constitution,la valorisation et la gestion d’un portefeuille de valeurs mobilières ainsi que la gestion,l’achat et la vente de métaux précieux,œuvres d’art,meubles,livres et véhicules automobiles au sens large.
  7. La constitution,la gestion et la valorisation d’un patrimoine immobilier,tant en immeubles qu’en droits réels immobiliers,notamment l’achat,la mise en valeur,le lotissement,l’échange,l’amélioration,la location meublée ou non,la vente,la cession,la transformation,la construction et la destruction de biens immobiliers.
  8. Services d’ingénieurs,d’aide à la conception,au développement et à l’optimisation des procédés et systèmes par le biais de la simulation numérique et de l’innovation technologique ;
  9. En matière d’ingénierie d’affaires et de développement des activités commerciales ;
  10. En matière de services juridiques ;
  11. D’études économiques,d’analyses financières et de toute autre activité lucrative ;
  12. De technologies de l'information et de la communication (TIC) et de nouvelles technologies de l'information et de la communication (NTIC) liées principalement à l’intelligence artificielle ;
  13. De développement de projets informatiques à caractère innovant ;
  14. De l'informatique,de l'audiovisuel,des multimédias,de l'Internet et des télécommunications,la manipulation,la production et la transmission de l'information sous toutes les formes: texte,document,musique,son,image,vidéo,et interface graphique interactive (IHM) ;
  15. De création et développement d’applications multimédias ;
  16. Toute activité en rapport avec le service internet,extranet,intranet,ainsi que tous services en matière de télécommunication,informatique,présent ou futur.
  17. Toutes entreprises générales de génie civil dans le cadre de l’architecture de bâtiment publics et privés,l’établissement de plans d’ouvrages civils et privés ;
  18. Toutes entreprises générales de construction au sens large,d’entretien et de réfection des routes,ouvrages d’art,routes et voies ferrées,électrifiées ou non ;
  19. Toutes entreprises de maçonnerie et béton ;
  20. Toutes entreprises de terrassements et transport ;
deed of 17-07-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Stekelbremlaan 13 registered office 1150 Woluwe-Saint-Pierre 25-10-2013 2.223.714.112

Buildings and parcels at the address

Ground area
684 m²
Buildings
177 m²
Volume, LiDAR
1,199 m³
Tallest building
8.8 m
Buildings to scale, each on its own parcel
177 m², 8.8 m 177 m², 8.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21682C0151/00S015684 m² 1 · 177 m² 8.8 m · 2

Contact

E-mail christophe.waucquez@gmail.com

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