TUBBAX
ActiveTUBBAX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82 and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 1522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
2
/ 100
Critical▼ -86 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-82
Solvency8▼-92
Growth78=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 2.51 in 2024), and 99.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 10
Relative position
BE, all sectors
reference
Sector 10
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
0.3%
Return on assets
-75.8%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1522 sector peers (2025).
NBB · sector comparisonPosition among 1522 sector peers
Solvency
better than 22%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
24 d early
2024
11 d early
2023
17 d early
2022
13 d early
2021
22 d early
2020
25 d early
2019
13 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€193k
EBIT margin
4.3%
Net result
€-23k
2024 · €4k
2018: €-42k
2019: €4k
2020: €24k
2021: €7k
2022: €-5k
2023: €18k
2024: €4k
2018 → 2025
Working capital
€-5k
2024 · €14k
2018: €-55k
2019: €-47k
2020: €-11k
2021: €-3k
2022: €-12k
2023: €7k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€193k-
Equity€6k-€1k▼ 75.7%€19k▲ 1,219%€23k▲ 19.6%€82▼ 99.6%
Operating result€8k-€-4k€18k€6k▼ 66.1%€-20k
Net result€7k-€-5k€18k€4k▼ 78.8%€-23k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €6k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€5k▼ 44.0%
Current assets
€25k▲ 9.4%
Equity and liabilities €31k
Equity
€82▼ 99.6%
Debt
€30k▲ 230%
The debt ratio rises from 28.4% to 99.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-16k▼
2024 · €10k
Cash flow
€-19k▼
2024 · €8k
Solvency
0.3%▼
2024 · 71.6%
Current ratio
0.83▼
2024 · 2.51
Quick ratio
0.18▼
2024 · 0.88
ROA
-75.8%▼
2024 · 11.7%
Interest coverage
-5.03▼
2024 · 27.14
Debt
€30k▲
2024 · €9k
Debt ≤ 1 year
€30k▲
2024 · €9k
Staff costs
€8k▲
2024 · €5k
Equity ratios withheld: equity of €82 is too small for a meaningful ratio.
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€32k€31k▼
Fixed assets21/28€9k€5k▼
Tangible fixed assets22/27€9k€5k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€1k€502▼
Current assets29/58€23k€25k▲
Stocks and contracts in progress3€15k€20k▲
Stocks30/36€15k€20k▲
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40-€2k
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€3k-
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€32k€31k▼
Equity10/15€23k€82▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€5k€-19k▼
Amounts payable17/49€9k€30k▲
Amounts payable within one year42/48€9k€30k▲
Financial debts43-€339
Other loans439-€339
Trade debts44€7k€27k▲
Suppliers440/4€7k€27k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€2k=
Remuneration and social security454/9€179€643▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€3k€7k▲
Gross operating margin9900€19k€-845▼
Operating profit (loss)9901€6k€-20k▼
Financial income75/76B€83€1▼
Recurring financial income75€83€1▼
Financial charges65/66B€385€3k▲
Recurring financial charges65€385€3k▲
Profit (loss) for the period before taxes9903€6k€-23k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€4k€-23k▼
Profit (loss) for the period to be appropriated9905€4k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-19k▼
Profit (loss) brought forward from the previous period14P€793€5k▲
The notes to these accounts (4 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.23 to 2.51; short-term debt falls from €30k to €9k.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24k ▲520%
Operating result €25k, net result €24k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2016
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.
Turnhoutsebaan 842100 AntwerpenGround area
194 m²
Building footprint
194 m²
Volume, LiDAR
1,820 m³
Parcel 11345B0036/00D016, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rinas Cente
since 20162.251.591.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0036/00D016 | Flanders | 194 m² | 1 · 194 m² | 11.3 m · 3 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.251.591.318
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DELISE
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L & B
BE 0461.119.687
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VAN DESSEL
BE 0817.128.097
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MIMI WONKA
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Schaarbeek · Eq €35
Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 17 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-03-2016
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
10720Manufacture of food products
46360Wholesale trade
47252Retail sale of beverages, general range
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.