QUBIC
Open bankruptcyA bankruptcy procedure is open for QUBIC according to publications in the Belgian State Gazette; curator: CARL SCHREURS. The 2021 annual accounts show equity of €68k and a net result of €20k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€68k▲ 43.2%
2020 · €47k
2018: €18k
2019: €46k
2020: €47k
2018 → 2021
Total assets
€131k▲ 57.1%
2020 · €84k
2018: €31k
2019: €83k
2020: €84k
2018 → 2021
Net result
€20k▲ 1,820%
2020 · €1k
2018: €13k
2019: €30k
2020: €1k
2018 → 2021
Working capital
€51k▲ 41.6%
2020 · €36k
2018: €15k
2019: €39k
2020: €36k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€18k-€46k▲ 160%€47k▲ 2.3%€68k▲ 43.2%
Operating result€17k-€43k▲ 151%€2k▼ 94.7%€24k▲ 959%
Net result€13k-€30k▲ 131%€1k▼ 96.5%€20k▲ 1,820%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 959% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €131k
Fixed assets
€43k▲ 244%
Current assets
€88k▲ 24.0%
Equity and liabilities €131k
Equity
€68k▲ 43.2%
Debt
€64k▲ 75.1%
The debt ratio rises from 43.5% to 48.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2020 · €7k
Cash flow
€28k▲
2020 · €6k
Solvency
51.5%▼
2020 · 56.5%
Current ratio
2.40▲
2020 · 2.04
Quick ratio
2.40▲
2020 · 2.04
Debt / equity
0.94
ROE
30.2%▲
2020 · 2.2%
ROA
15.5%▲
2020 · 1.3%
Interest coverage
99.84
Debt
€64k▲
2020 · €36k
Debt ≤ 1 year
€37k▲
2020 · €35k
Debt > 1 year
€27k
Income taxes
€7k▲
2020 · €5k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€84k€131k▲
Fixed assets21/28€13k€43k▲
Tangible fixed assets22/27€13k€43k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€42k
Current assets29/58€71k€88k▲
Amounts receivable after more than one year29-€30k
Other amounts receivable291-€30k
Amounts receivable within one year40/41€40k€57k▲
Trade receivables40-€36k
Other amounts receivable41-€21k
Cash at bank and in hand54/58€50€350▲
Deferred charges and accrued income490/1-€780
Equity and liabilities
Total equity and liabilities10/49€84k€131k▲
Equity10/15€47k€68k▲
Contributions10/11-€19k
Reserves13€29k€49k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€47k
Profit (loss) carried forward14€-2k-
Amounts payable17/49€36k€64k▲
Amounts payable after more than one year17-€27k
Financial debts170/4-€27k
Amounts payable within one year42/48€35k€37k▲
Current portion of amounts payable after more than one year42-€6k
Financial debts43-€177
Credit institutions430/8-€177
Trade debts44€643€620▼
Suppliers440/4-€620
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45-€27k
Taxes450/3-€27k
Accrued charges and deferred income492/3-€121
Income statement
Code20202021
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲
Other operating charges640/8-€2k
Gross operating margin9900€10k€33k▲
Operating profit (loss)9901€2k€24k▲
Financial income75/76B-€4k
Recurring financial income75€4k€4k▼
Financial charges65/66B-€318
Recurring financial charges65€697€318▼
Profit (loss) for the period before taxes9903€6k€27k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€1k€20k▲
Profit (loss) for the period to be appropriated9905€1k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€20k
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
04-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · QUBIC BV GROTSTRAAT 3, 3540 HERK-DE-STAD · event 29-07-2026
2023
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 158 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €1k ▼96.5%
Net result drops to €1k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 226 days late
2019
31-12
Financial
Highest result since 2018net €30k ▲131%
Operating result €43k, net result €30k, both a record.
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 14 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Herk-de-Stad · 1 establishment unit since 2012
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.
Grotstraat 33540 Herk-de-StadGround area
1,171 m²
Building footprint
195 m²
Parcel 71003A0225/00Z000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Qubic
since 20122.206.955.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71003A0225/00Z000 | Flanders | 1,171 m² | 1 · 195 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CARL SCHREURS PASTOOR RAEYMAEKERS-
STRAAT 25, 3600 GENK |
29-07-2026 → present |
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 8,756 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-05-2003
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.