NUBIS
ActiveSummary
NUBIS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €109,285. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.12 in 2024; short-term debt: 5.3% and cash: 1% of total assets), and 7.4% 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 · 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
92.6%
Return on assets
9.3%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
6 d early
2023
19 d early
2022
24 d early
2021
11 d early
2020
25 d late
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.1m▲ 11.2%
2024 · €975,143
Total assets
€1.2m▼ 0.2%
2024 · €1.2m
Net result
€109,285▲ 21.1%
2024 · €90,246
Working capital
-€44,699▲ 68.4%
2024 · -€141,640
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€66,763▼ 28.7%€63,591▼ 4.8%€85,823▲ 35.0%€68,832▼ 19.8%€82,493▲ 19.8%
Net result€87,640above the sector's middle half▼ 14.4%€109,834above the sector's middle half▲ 25.3%€143,839above the sector's middle half▲ 31.0%€90,246above the sector's middle half▼ 37.3%€109,285above the sector's middle half▲ 21.1%
Equity€634,723above the sector's middle half▲ 16.0%€741,057above the sector's middle half▲ 16.8%€884,897above the sector's middle half▲ 19.4%€975,143above the sector's middle half▲ 10.2%€1.1mabove the sector's middle half▲ 11.2%
Total assets€1.2mabove the sector's middle half▼ 7.3%€1.2mabove the sector's middle half▲ 0.8%€1.2mabove the sector's middle half▲ 1.4%€1.2mabove the sector's middle half▼ 2.0%€1.2mabove the sector's middle half▼ 0.2%
Debt€537,174▼ 25.1%€440,107▼ 18.1%€312,701▼ 28.9%€198,188▼ 36.6%€86,414▼ 56.4%
Working capital-€172,061below the sector's middle half▼ 43.0%-€207,497below the sector's middle half▼ 20.6%-€162,451below the sector's middle half▲ 21.7%-€141,640below the sector's middle half▲ 12.8%-€44,699below the sector's middle half▲ 68.4%
Solvency54.2%within the sector's middle half▲ 10.9pp62.7%within the sector's middle half▲ 8.6pp73.9%above the sector's middle half▲ 11.1pp83.1%above the sector's middle half▲ 9.2pp92.6%above the sector's middle half▲ 9.5pp
Current ratio0.09below the sector's middle half▼ 0.380.12below the sector's middle half▲ 0.020.21below the sector's middle half▲ 0.100.12below the sector's middle half▼ 0.090.27below the sector's middle half▲ 0.15
Return on assets (ROA)7.5%within the sector's middle half▼ 0.6pp9.3%within the sector's middle half▲ 1.8pp12.0%within the sector's middle half▲ 2.7pp7.7%within the sector's middle half▼ 4.3pp9.3%within the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m =
Current assets
€16,841 ▼ 12.9%
Equity and liabilities €1.2m
Equity
€1.1m ▲ 11.2%
Debt
€86,414 ▼ 56.4%
Debt's share of the balance-sheet total falls from 16.9% to 7.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.08▼
2024 · 0.20
ROE
10.1%▲
2024 · 9.3%
Debt ≤ 1 year
€61,541▼
2024 · €160,970
Debt > 1 year
€24,873▼
2024 · €37,217
Income taxes
€26,697▲
2024 · €22,260
Staff costs
€3,234
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €3,234 | - |
| Other operating charges640/8 | €930 | €930 | €1,890 | €62 | €2,040 | ▲ 3,190% |
| Gross operating margin9900 | €67,693 | €64,521 | €87,713 | €68,894 | €87,767 | ▲ 27.4% |
| Operating profit (loss)9901 | €66,763 | €63,591 | €85,823 | €68,832 | €82,493 | ▲ 19.8% |
| Financial income75/76B | €50,000 | €75,000 | €100,000 | €50,000 | €60,001 | ▲ 20.0% |
| Recurring financial income75 | €50,000 | €75,000 | €100,000 | €50,000 | €60,001 | ▲ 20.0% |
| Financial charges65/66B | €7,521 | €6,766 | €7,213 | €6,326 | €6,513 | ▲ 3.0% |
| Recurring financial charges65 | €7,521 | €6,766 | €7,213 | €6,326 | €6,513 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €109,243 | €131,825 | €178,610 | €112,506 | €135,981 | ▲ 20.9% |
| Income taxes67/77 | €21,602 | €21,991 | €34,770 | €22,260 | €26,697 | ▲ 19.9% |
| Profit (loss) for the period9904 | €87,640 | €109,834 | €143,839 | €90,246 | €109,285 | ▲ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €87,640 | €109,834 | €143,839 | €90,246 | €109,285 | ▲ 21.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 0.2% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €17,897 | €27,164 | €43,598 | €19,331 | €16,841 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €3,446 | €8,010 | €10,800 | €7,740 | €0 | ▼ 100% |
| Other amounts receivable41 | €3,446 | €8,010 | €10,800 | €7,740 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | €109 | - |
| Cash at bank and in hand54/58 | €4,250 | €11,997 | €17,638 | €7,354 | €11,894 | ▲ 61.7% |
| Deferred charges and accrued income490/1 | €10,201 | €7,158 | €15,160 | €4,236 | €4,839 | ▲ 14.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 0.2% |
| Equity10/15 | €634,723 | €741,057 | €884,897 | €975,143 | €1.1m | ▲ 11.2% |
| Contributions10/11 | €128,600 | €128,600 | €128,600 | €128,600 | €128,600 | = |
| Reserves13 | €506,123 | €612,457 | €756,297 | €846,543 | €955,828 | ▲ 12.9% |
| Non-distributable reserves130/1 | €3,848 | €3,848 | - | - | - | - |
| Reserves not available under the articles1311 | €3,848 | €3,848 | - | - | - | - |
| Tax-exempt reserves132 | €14,317 | €14,317 | €14,317 | €14,317 | €14,317 | = |
| Distributable reserves133 | €487,958 | €594,292 | €741,980 | €832,226 | €941,511 | ▲ 13.1% |
| Amounts payable17/49 | €537,174 | €440,107 | €312,701 | €198,188 | €86,414 | ▼ 56.4% |
| Amounts payable after more than one year17 | €347,216 | €205,446 | €106,653 | €37,217 | €24,873 | ▼ 33.2% |
| Financial debts170/4 | €347,216 | €205,446 | €106,653 | €37,217 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €24,873 | - |
| Amounts payable within one year42/48 | €189,957 | €234,661 | €206,049 | €160,970 | €61,541 | ▼ 61.8% |
| Current portion of amounts payable after more than one year42 | €149,120 | €151,622 | €117,161 | €91,765 | €21,912 | ▼ 76.1% |
| Financial debts43 | €20,000 | €50,000 | €50,000 | €50,000 | €25,000 | ▼ 50.0% |
| Credit institutions430/8 | €20,000 | €50,000 | €50,000 | €50,000 | €25,000 | ▼ 50.0% |
| Trade debts44 | €4,364 | €20,276 | €25,109 | €6,217 | €7,546 | ▲ 21.4% |
| Suppliers440/4 | €4,364 | €20,276 | €25,109 | €6,217 | €7,546 | ▲ 21.4% |
| Taxes, remuneration and social security45 | €16,473 | €9,263 | €13,779 | €12,989 | €7,083 | ▼ 45.5% |
| Taxes450/3 | €16,473 | €9,263 | €13,779 | €12,989 | €7,083 | ▼ 45.5% |
| Other amounts payable47/48 | - | €3,500 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,640 | €109,834 | €143,839 | €90,246 | €109,285 | ▲ 21.1% |
| Operating cash flow (approximation) | €87,640 | €109,834 | €143,839 | €90,246 | €109,285 | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €7,747 | €5,642 | -€10,284 | €4,539 | ▲ 144% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €1mEq €1.1m ▲11.2%
8 profitable years in a row build equity to €1.1m.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-12
Financial
Equity above €500,000Eq €547,083 ▲23%
3 profitable years in a row build equity to €547,083.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €168,186 ▲315%
Net result €168,186, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
23-06
State Gazette act
General meeting · Director reappointment
Permanent representative
2013
13-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bree · 1 establishment unit since 2004
Ground area
427 m²
Building footprint
147 m²
Volume, LiDAR
939 m³
Parcel 72004B0413/00M000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GIA SYSTEMS BVBA
since 20042.143.262.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B0413/00M000 | Flanders | 427 m² | 1 · 147 m² | 10.6 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- MATHIEU KERCKHOFS TRAILERSsubsidiarySourceown accounts 2025100%
According to the 2025 annual accounts of NUBIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
Shared director
→
VLAAMSE ENERGIEHOLDING
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 4,432 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
Founded03-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0869799691
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.