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QUBE

Active
Private limited companyfounded 20223 yrs activeGuldensporenstraat 57, 8560 Wevelgem, BelgiumKBO/BCE: BE 0794.417.429
Summary

The computed 12-month bankruptcy probability of QUBE is 2.3% (moderate). The 2025 annual accounts show equity of €167,554 and a net result of -€21,361. Its solvency ranks better than 38% of 18606 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability32▼-8
Solvency45▲+2
Growth32
Track record94
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 0.7 in 2024; short-term debt: 53.9% and cash: 9.5% of total assets), and 79.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
20.4%
Return on assets
-2.6%
Age of the figures
15 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 2025
Net result per financial year
2425
2024 to 2025 · latest year -€21,361
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
23 d early
2024
4 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

QUBE was incorporated on 5 December 2022 as a Private limited company.1 The registered office was moved to Wevelgem in 2026.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-03-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€167,554▼ 11.3%
2024 · €188,915
Total assets
€822,615▼ 20.3%
2024 · €1.0m
Net result
-€21,361▼ 92.7%
2024 · -€11,085
Working capital
-€20,001▲ 92.0%
2024 · -€249,896
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€7,473-€5,850▼ 21.7%
Net result-€11,085below the sector's middle half--€21,361below the sector's middle half▼ 92.7%
Equity€188,915above the sector's middle half-€167,554above the sector's middle half▼ 11.3%
Total assets€1.0mabove the sector's middle half-€822,615above the sector's middle half▼ 20.3%
Debt€843,625-€655,061▼ 22.4%
Working capital-€249,896below the sector's middle half--€20,001below the sector's middle half▲ 92.0%
Solvency18.3%within the sector's middle half-20.4%within the sector's middle half▲ 2.1pp
Current ratio0.70below the sector's middle half-0.95within the sector's middle half▲ 0.25
Return on assets (ROA)-1.1%within the sector's middle half--2.6%within the sector's middle half▼ 1.5pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0€10,000Operating result 2024: €7,473€7,473Net result 2024: -€11,085-€11,085Operating result 2025: €5,850€5,850Net result 2025: -€21,361-€21,36120242025-€30,000-€20,000-€10,000€0€10,000Operating result 2024: €7,473€7,470Net result 2024: -€11,085-€11,100Operating result 2025: €5,850€5,850Net result 2025: -€21,361-€21,40020242025
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €822,615
Fixed assets €399,537 ▼ 8.9%
Current assets €423,078 ▼ 28.7%
Equity and liabilities €822,615
Equity €167,554 ▼ 11.3%
Debt €655,061 ▼ 22.4%
Debt's share of the balance-sheet total falls from 81.7% to 79.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€54,646▲
2024 · €50,682
Cash flow
€27,435▼
2024 · €32,124
Quick ratio
0.38▼
2024 · 0.40
Debt to equity
3.91▼
2024 · 4.47
ROE
-12.7%▼
2024 · -5.9%
Interest coverage
2.01▼
2024 · 2.73
Debt ≤ 1 year
€443,079▼
2024 · €843,625
Debt > 1 year
€211,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 441 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.0m€822,615▼
Fixed assets21/28€438,811€399,537▼
Intangible fixed assets21€128,665€113,963▼
Tangible fixed assets22/27€310,146€285,574▼
Plant, machinery and equipment23-€2,916
Furniture and vehicles24€310,146€282,658▼
Current assets29/58€593,729€423,078▼
Stocks and contracts in progress3€256,200€256,200=
Stocks30/36€256,200€256,200=
Amounts receivable within one year40/41€247,408€87,357▼
Trade receivables40€247,408€87,357▼
Cash at bank and in hand54/58€89,367€78,443▼
Deferred charges and accrued income490/1€754€1,078▲
Equity and liabilities
Total equity and liabilities10/49€1.0m€822,615▼
Equity10/15€188,915€167,554▼
Contributions10/11€200,000€200,000=
Profit (loss) carried forward14-€11,085-€32,446▼
Amounts payable17/49€843,625€655,061▼
Amounts payable after more than one year17-€211,649
Financial debts170/4-€211,649
Amounts payable within one year42/48€843,625€443,079▼
Current portion of amounts payable after more than one year42-€59,864
Financial debts43€250,000€250,000=
Credit institutions430/8€250,000€250,000=
Trade debts44€262,182€93,840▼
Suppliers440/4€262,182€93,840▼
Taxes, remuneration and social security45€52,749€17▼
Taxes450/3€52,749€17▼
Other amounts payable47/48€278,693€39,358▼
Accrued charges and deferred income492/3-€334
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,209€48,796▲
Other operating charges640/8€1,264€1,332▲
Gross operating margin9900€51,946€55,978▲
Operating profit (loss)9901€7,473€5,850▼
Financial charges65/66B€18,559€27,211▲
Recurring financial charges65€18,559€27,211▲
Profit (loss) for the period before taxes9903-€11,085-€21,361▼
Profit (loss) for the period9904-€11,085-€21,361▼
Profit (loss) for the period to be appropriated9905-€11,085-€21,361▼
Appropriation of the result
Profit (loss) to be appropriated9906-€11,085-€32,446▼
Profit (loss) brought forward from the previous period14P--€11,085

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,209€48,796▲ 12.9%
Other operating charges640/8€1,264€1,332▲ 5.3%
Gross operating margin9900€51,946€55,978▲ 7.8%
Operating profit (loss)9901€7,473€5,850▼ 21.7%
Financial charges65/66B€18,559€27,211▲ 46.6%
Recurring financial charges65€18,559€27,211▲ 46.6%
Profit (loss) for the period before taxes9903-€11,085-€21,361▼ 92.7%
Profit (loss) for the period9904-€11,085-€21,361▼ 92.7%
Profit (loss) for the period to be appropriated9905-€11,085-€21,361▼ 92.7%
Line20242025Change
Assets
Total assets20/58€1.0m€822,615▼ 20.3%
Fixed assets21/28€438,811€399,537▼ 8.9%
Intangible fixed assets21€128,665€113,963▼ 11.4%
Tangible fixed assets22/27€310,146€285,574▼ 7.9%
Plant, machinery and equipment23-€2,916-
Furniture and vehicles24€310,146€282,658▼ 8.9%
Current assets29/58€593,729€423,078▼ 28.7%
Stocks and contracts in progress3€256,200€256,200=
Stocks30/36€256,200€256,200=
Amounts receivable within one year40/41€247,408€87,357▼ 64.7%
Trade receivables40€247,408€87,357▼ 64.7%
Cash at bank and in hand54/58€89,367€78,443▼ 12.2%
Deferred charges and accrued income490/1€754€1,078▲ 42.9%
Equity and liabilities
Total equity and liabilities10/49€1.0m€822,615▼ 20.3%
Equity10/15€188,915€167,554▼ 11.3%
Contributions10/11€200,000€200,000=
Profit (loss) carried forward14-€11,085-€32,446▼ 193%
Amounts payable17/49€843,625€655,061▼ 22.4%
Amounts payable after more than one year17-€211,649-
Financial debts170/4-€211,649-
Amounts payable within one year42/48€843,625€443,079▼ 47.5%
Current portion of amounts payable after more than one year42-€59,864-
Financial debts43€250,000€250,000=
Credit institutions430/8€250,000€250,000=
Trade debts44€262,182€93,840▼ 64.2%
Suppliers440/4€262,182€93,840▼ 64.2%
Taxes, remuneration and social security45€52,749€17▼ 100.0%
Taxes450/3€52,749€17▼ 100.0%
Other amounts payable47/48€278,693€39,358▼ 85.9%
Accrued charges and deferred income492/3-€334-
Line20242025Change
Profit (loss) for the period9904-€11,085-€21,361▼ 92.7%
+ Depreciation and write-downs630€43,209€48,796▲ 12.9%
Operating cash flow (approximation)€32,124€27,435▼ 14.6%
Investment in fixed assets (approximation)--€9,523-
Change in cash--€10,924-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
27-03
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 31/12/2025
  • Registered-office move, Guldensporenstraat 57, 8560 Wevelgem
08-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
04-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,098 m²
Building footprint
210 m²
Volume, LiDAR
737 m³
Parcel 34041C0753/00Y002, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
QUBE
Guldensporenstraat 57, 8560 WevelgemManufacture of motor vehicles, trailers and semi-trailers
since 20222.338.667.228
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34041C0753/00Y002 Flanders 1,098 m² 1 · 209 m² 7.1 m · 1 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.

Similar companies · same sector, comparable size

Of 344 companies in sector 47812 we hold annual accounts for 204. 133 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
Founded05-12-2022
Fiscal year end30-06
Activities, NACEBEL 2025
47812Retail trade
29201Manufacture of motor vehicles, trailers and semi-trailers
46712Wholesale trade
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794417429
Also 9925:BE0794417429
Registered 05-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.