Qube
ActiveQube has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €-2k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 16% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+41
Solvency40▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.47 in 2024; short-term debt: 34.7% and cash: 24.8% of total assets), but 85.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.6%
Return on assets
-1.3%
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 €-2k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
on the day
2022
31 d late
2021
2 d early
2020
57 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€27k▼ 8.2%
2024 · €29k
2018: €-13k
2019: €-8k
2020: €-2k
2021: €42k
2022: €58k
2023: €41k
2024: €29k
2018 → 2025
Total assets
€183k▼ 11.3%
2024 · €206k
2018: €89k
2019: €95k
2020: €122k
2021: €161k
2022: €167k
2023: €176k
2024: €206k
2018 → 2025
Net result
€-2k▲ 79.9%
2024 · €-12k
2018: €-13k
2019: €5k
2020: €6k
2021: €44k
2022: €16k
2023: €-17k
2024: €-12k
2018 → 2025
Working capital
€89k▼ 6.5%
2024 · €95k
2018: €30k
2019: €45k
2020: €60k
2021: €107k
2022: €93k
2023: €104k
2024: €95k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€58k▲ 38.6%€41k▼ 29.2%€29k▼ 29.0%€27k▼ 8.2%
Operating result€56k-€22k▼ 61.0%€-16k€-11k▲ 32.5%€-552▲ 94.8%
Net result€44k-€16k▼ 63.2%€-17k€-12k▲ 29.9%€-2k▲ 79.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €552 in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€30k▼ 34.1%
Current assets
€152k▼ 4.8%
Equity and liabilities €183k
Equity
€27k▼ 8.2%
Debt
€156k▼ 11.8%
The debt ratio falls from 85.9% to 85.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €-951
Cash flow
€13k▲
2024 · €-2k
Solvency
14.6%▲
2024 · 14.1%
Current ratio
2.41▼
2024 · 2.47
Quick ratio
1.66▼
2024 · 1.96
Debt / equity
5.86▼
2024 · 6.10
ROE
-8.9%▲
2024 · -40.8%
ROA
-1.3%▲
2024 · -5.7%
Interest coverage
4.29▲
2024 · -0.25
Debt
€156k▼
2024 · €177k
Debt ≤ 1 year
€63k▼
2024 · €65k
Debt > 1 year
€84k▼
2024 · €98k
Income taxes
€165▲
2024 · €160
Staff costs
€202k▲
2024 · €147k
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€206k€183k▼
Fixed assets21/28€46k€30k▼
Tangible fixed assets22/27€46k€30k▼
Plant, machinery and equipment23€20k€11k▼
Furniture and vehicles24€26k€19k▼
Current assets29/58€160k€152k▼
Stocks and contracts in progress3€33k€47k▲
Stocks30/36€33k€47k▲
Amounts receivable within one year40/41€95k€57k▼
Trade receivables40€72k€48k▼
Other amounts receivable41€23k€9k▼
Cash at bank and in hand54/58€30k€45k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€206k€183k▼
Equity10/15€29k€27k▼
Contributions10/11€19k€19k=
Reserves13€37k€37k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-27k€-29k▼
Amounts payable17/49€177k€156k▼
Amounts payable after more than one year17€98k€84k▼
Financial debts170/4€98k€84k▼
Amounts payable within one year42/48€65k€63k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€29k€14k▼
Suppliers440/4€29k€14k▼
Taxes, remuneration and social security45€21k€33k▲
Taxes450/3€3k€3k▼
Remuneration and social security454/9€18k€31k▲
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€14k€9k▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€147k€202k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€16k▲
Other operating charges640/8€505€578▲
Gross operating margin9900€147k€217k▲
Operating profit (loss)9901€-11k€-552▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-12k€-2k▲
Income taxes67/77€160€165▲
Profit (loss) for the period9904€-12k€-2k▲
Profit (loss) for the period to be appropriated9905€-12k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-29k▼
Profit (loss) brought forward from the previous period14P€-15k€-27k▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90872.12.1=
The notes to these accounts (24 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-17k ▼205%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €44k ▲639%
Operating result €56k, net result €44k, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Westerlo · 1 establishment unit since 2017
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.
Olenseweg 2332260 WesterloGround area
695 m²
Building footprint
172 m²
Parcel 13049A0495/00M000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Qube Living Outdoor
since 20172.262.396.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049A0495/00M000 | Flanders | 694 m² | 1 · 172 m² | 0.1 m |
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.
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Of 20,030 companies in sector 43320 we hold annual accounts for 9,132. 6,611 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2017
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.