V Cube Ventures
ActiveSummary
The computed 12-month bankruptcy probability of V Cube Ventures is 3.2% (moderate). The 2025 annual accounts show equity of €36.44M and a net result of €-581k. Equity is growing by ~73.3% per year across the filed fiscal years. 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
Profitability17▼-14
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.95M at 30 days acceptable
Liquidity ample (current ratio 73.01 against 2.24 in 2024; short-term debt: 0% and cash: 3.1% of total assets), and 0% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
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
100%
Return on assets
-1.6%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 d early
2024
42 d early
2023
16 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-581k▼ 30.3%
2024 · €-446k
2023: €-904klowest in 3 years
2024: €-446k▲ +50.6% vs 2023highest in 3 years
2025: €-581k▼ -30.3% vs 2024
2023 → 2025
Working capital
€1.15M▲ 654%
2024 · €153k
2023: €1.41Mhighest in 3 years
2024: €153k▼ -89.2% vs 2023lowest in 3 years
2025: €1.15M▲ +654% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€10.00M-€18.03M▲ 80.2%€36.44M▲ 102%
2023: €10.00Mlowest in 3 years
2024: €18.03M▲ +80.2% vs 2023
2025: €36.44M▲ +102% vs 2024highest in 3 years
Operating result€-907k-€-444k▲ 51.1%€-571k▼ 28.7%
2023: €-907klowest in 3 years
2024: €-444k▲ +51.1% vs 2023highest in 3 years
2025: €-571k▼ -28.7% vs 2024
Net result€-904k-€-446k▲ 50.6%€-581k▼ 30.3%
2023: €-904klowest in 3 years
2024: €-446k▲ +50.6% vs 2023highest in 3 years
2025: €-581k▼ -30.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €571k in 2025 against €444k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.45M
Fixed assets
€35.28M ▲ 97.4%
Current assets
€1.17M ▲ 324%
Equity and liabilities €36.45M
Equity
€36.44M ▲ 102%
Debt
€16k ▼ 87.0%
Debt's share of the balance-sheet total falls from 0.7% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-570k
Cash flow
€-580k
Current ratio
73.01▲
2024 · 2.24
Debt to equity
0.00▼
2024 · 0.01
ROE
-1.6%▲
2024 · -2.5%
ROA
-1.6%▲
2024 · -2.5%
Interest coverage
-50.01
Debt ≤ 1 year
€16k▼
2024 · €123k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18.15M€36.45M▲
Formation expenses20-€6k
Fixed assets21/28€17.88M€35.28M▲
Financial fixed assets28€17.88M€35.28M▲
Current assets29/58€275k€1.17M▲
Amounts receivable within one year40/41€4k€27k▲
Other amounts receivable41€4k€27k▲
Cash at bank and in hand54/58€272k€1.14M▲
Equity and liabilities
Total equity and liabilities10/49€18.15M€36.45M▲
Equity10/15€18.03M€36.44M▲
Contributions10/11€19.38M€38.37M▲
Capital10€19.38M€38.37M▲
Issued capital100€25.00M€50.00M▲
Uncalled capital101€5.62M€11.63M▲
Profit (loss) carried forward14€-1.35M€-1.93M▼
Amounts payable17/49€123k€16k▼
Amounts payable within one year42/48€123k€16k▼
Trade debts44€123k€16k▼
Suppliers440/4€123k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€729
Other operating charges640/8€387€998▲
Gross operating margin9900€-443k€-569k▼
Operating profit (loss)9901€-444k€-571k▼
Financial income75/76B€5k€1k▼
Recurring financial income75€5k€1k▼
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€-446k€-581k▼
Profit (loss) for the period9904€-446k€-581k▼
Profit (loss) for the period to be appropriated9905€-446k€-581k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.35M€-1.93M▼
Profit (loss) brought forward from the previous period14P€-904k€-1.35M▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €729 | - |
| Other operating charges640/8 | €732 | €387 | €998 | ▲ 158% |
| Gross operating margin9900 | €-906k | €-443k | €-569k | ▼ 28.4% |
| Operating profit (loss)9901 | €-907k | €-444k | €-571k | ▼ 28.7% |
| Financial income75/76B | €11k | €5k | €1k | ▼ 76.2% |
| Recurring financial income75 | €11k | €5k | €1k | ▼ 76.2% |
| Financial charges65/66B | €8k | €7k | €11k | ▲ 60.6% |
| Recurring financial charges65 | €8k | €7k | €11k | ▲ 60.6% |
| Profit (loss) for the period before taxes9903 | €-904k | €-446k | €-581k | ▼ 30.3% |
| Profit (loss) for the period9904 | €-904k | €-446k | €-581k | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €-904k | €-446k | €-581k | ▼ 30.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10.11M | €18.15M | €36.45M | ▲ 101% |
| Formation expenses20 | - | - | €6k | - |
| Fixed assets21/28 | €8.59M | €17.88M | €35.28M | ▲ 97.4% |
| Financial fixed assets28 | €8.59M | €17.88M | €35.28M | ▲ 97.4% |
| Current assets29/58 | €1.52M | €275k | €1.17M | ▲ 324% |
| Amounts receivable within one year40/41 | - | €4k | €27k | ▲ 653% |
| Other amounts receivable41 | - | €4k | €27k | ▲ 653% |
| Cash at bank and in hand54/58 | €1.52M | €272k | €1.14M | ▲ 320% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10.11M | €18.15M | €36.45M | ▲ 101% |
| Equity10/15 | €10.00M | €18.03M | €36.44M | ▲ 102% |
| Contributions10/11 | €10.91M | €19.38M | €38.37M | ▲ 98.0% |
| Capital10 | €10.91M | €19.38M | €38.37M | ▲ 98.0% |
| Issued capital100 | €25.00M | €25.00M | €50.00M | ▲ 100% |
| Uncalled capital101 | €14.09M | €5.62M | €11.63M | ▲ 107% |
| Profit (loss) carried forward14 | €-904k | €-1.35M | €-1.93M | ▼ 43.1% |
| Amounts payable17/49 | €102k | €123k | €16k | ▼ 87.0% |
| Amounts payable within one year42/48 | €102k | €123k | €16k | ▼ 87.0% |
| Trade debts44 | €85k | €123k | €16k | ▼ 87.0% |
| Suppliers440/4 | €85k | €123k | €16k | ▼ 87.0% |
| Taxes, remuneration and social security45 | €18k | - | - | - |
| Taxes450/3 | €18k | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-904k | €-446k | €-581k | ▼ 30.3% |
| + Depreciation and write-downs630 | - | - | €729 | - |
| Operating cash flow (approximation) | €-904k | €-446k | €-580k | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | €-9.29M | €-17.40M | ▼ 87.4% |
| Change in cash | - | €-1.25M | €868k | ▲ 170% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 33current ratio 73.01
Current ratio from 2.24 to 73.01; short-term debt falls from €123k to €16k.
31-12
Financial
Equity above €25MEq €36.44M ▲102%
Equity rises from €18.03M to €36.44M.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2022
Ground area
4,093 m²
Building footprint
4,090 m²
Volume, LiDAR
95,656 m³
Parcel 21443C0149/00M000, Brussels · tallest building 46.8 m, ±8 floors. Linked by address, not a title deed.
46
companies at this address
See who is registered here
1 establishment unit
Eugène Flageyplein 18, 1050 Elsene
since 20222.334.636.382
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0149/00M000 | Brussels | 4,093 m² | 1 · 4,090 m² | 46.8 m · 8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
549300UVSVERTRVICS64
Identification & contact
Identification
Legal formPublic limited company
Founded02-08-2022
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.