White Cube Realty
ActiveSummary
White Cube Realty has been active since 1956 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.65M and a net result of €-26k. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.11 in 2024; short-term debt: 12.6% and cash: 0.1% of total assets), and 12.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
87.4%
Return on assets
-1.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
14 d early
2023
30 d late
2022
30 d late
2021
11 d late
2020
23 d late
2019
91 d late
← 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, micro schema
Turnover
€33k
EBIT margin
40.9%
Net result
€-26k▲ 8.5%
2024 · €-29k
2018: €13khighest in 8 years
2019: €-8k▼ -164% vs 2018
2020: €-27k▼ -234% vs 2019
2021: €-17k▲ +36.1% vs 2020
2022: €-20k▼ -18.4% vs 2021
2023: €-27k▼ -33.5% vs 2022
2024: €-29k▼ -4.4% vs 2023lowest in 8 years
2025: €-26k▲ +8.5% vs 2024
2018 → 2025
Working capital
€-235k▼ 10.8%
2024 · €-212k
2018: €-105khighest in 8 years
2019: €-109k▼ -3.9% vs 2018
2020: €-131k▼ -19.5% vs 2019
2021: €-141k▼ -8.3% vs 2020
2022: €-159k▼ -12.2% vs 2021
2023: €-187k▼ -17.9% vs 2022
2024: €-212k▼ -13.5% vs 2023
2025: €-235k▼ -10.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.76M-€1.74M▼ 1.2%€1.71M▼ 1.6%€1.68M▼ 1.7%€1.65M▼ 1.6%
2021: €1.76Mhighest in 5 years
2022: €1.74M▼ -1.2% vs 2021
2023: €1.71M▼ -1.6% vs 2022
2024: €1.68M▼ -1.7% vs 2023
2025: €1.65M▼ -1.6% vs 2024lowest in 5 years
Operating result€-17k-€-20k▼ 18.9%€-32k▼ 54.3%€-29k▲ 9.6%€-26k▲ 8.5%
2021: €-17khighest in 5 years
2022: €-20k▼ -18.9% vs 2021
2023: €-32k▼ -54.3% vs 2022lowest in 5 years
2024: €-29k▲ +9.6% vs 2023
2025: €-26k▲ +8.5% vs 2024
Net result€-17k-€-20k▼ 18.4%€-27k▼ 33.5%€-29k▼ 4.4%€-26k▲ 8.5%
2021: €-17khighest in 5 years
2022: €-20k▼ -18.4% vs 2021
2023: €-27k▼ -33.5% vs 2022
2024: €-29k▼ -4.4% vs 2023lowest in 5 years
2025: €-26k▲ +8.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2025 against €29k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.89M
Fixed assets
€1.89M ▼ 0.2%
Current assets
€2k ▼ 92.1%
Equity and liabilities €1.89M
Equity
€1.65M ▼ 1.6%
Debt
€237k ▼ 0.1%
Debt's share of the balance-sheet total rises from 12.4% to 12.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-23k▲
2024 · €-25k
Cash flow
€-23k▲
2024 · €-25k
Current ratio
0.01▼
2024 · 0.11
Debt to equity
0.14▲
2024 · 0.14
ROE
-1.6%▲
2024 · -1.7%
ROA
-1.4%▲
2024 · -1.5%
Interest coverage
-304.62▲
2024 · -343.85
Debt ≤ 1 year
€237k▼
2024 · €238k
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 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.92M€1.89M▼
Fixed assets21/28€1.89M€1.89M▼
Tangible fixed assets22/27€1.89M€1.89M▼
Land and buildings22€72k€69k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€1.82M€1.82M=
Current assets29/58€25k€2k▼
Amounts receivable within one year40/41€10k-
Trade receivables40€10k-
Cash at bank and in hand54/58€15k€2k▼
Deferred charges and accrued income490/1€82-
Equity and liabilities
Total equity and liabilities10/49€1.92M€1.89M▼
Equity10/15€1.68M€1.65M▼
Contributions10/11€1.70M€1.70M=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-39k€-66k▼
Amounts payable17/49€238k€237k▼
Amounts payable within one year42/48€238k€237k▼
Trade debts44€220-
Suppliers440/4€220-
Other amounts payable47/48€237k€237k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€7k€7k▲
Gross operating margin9900€-18k€-16k▲
Operating profit (loss)9901€-29k€-26k▲
Financial charges65/66B€74€75▲
Recurring financial charges65€74€75▲
Profit (loss) for the period before taxes9903€-29k€-26k▲
Profit (loss) for the period9904€-29k€-26k▲
Profit (loss) for the period to be appropriated9905€-29k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-66k▼
Profit (loss) brought forward from the previous period14P€-11k€-39k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €3k | €3k | €3k | €3k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7k | - | - | - |
| Other operating charges640/8 | €5k | €6k | €6k | €7k | €7k | ▲ 0.6% |
| Gross operating margin9900 | €-6k | €-11k | €-15k | €-18k | €-16k | ▲ 13.6% |
| Operating profit (loss)9901 | €-17k | €-20k | €-32k | €-29k | €-26k | ▲ 8.5% |
| Financial income75/76B | €0 | €0 | €4k | - | - | - |
| Recurring financial income75 | €0 | €0 | €4k | - | - | - |
| Financial charges65/66B | €125 | €69 | €75 | €74 | €75 | ▲ 2.0% |
| Recurring financial charges65 | €125 | €69 | €75 | €74 | €75 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €-17k | €-20k | €-27k | €-29k | €-26k | ▲ 8.5% |
| Profit (loss) for the period9904 | €-17k | €-20k | €-27k | €-29k | €-26k | ▲ 8.5% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €-20k | €-27k | €-29k | €-26k | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.98M | €1.96M | €1.95M | €1.92M | €1.89M | ▼ 1.4% |
| Fixed assets21/28 | €1.90M | €1.90M | €1.90M | €1.89M | €1.89M | ▼ 0.2% |
| Tangible fixed assets22/27 | €1.90M | €1.90M | €1.90M | €1.89M | €1.89M | ▼ 0.2% |
| Land and buildings22 | €82k | €79k | €76k | €72k | €69k | ▼ 4.5% |
| Furniture and vehicles24 | - | €0 | €0 | €0 | - | - |
| Other tangible fixed assets26 | €1.82M | €1.82M | €1.82M | €1.82M | €1.82M | = |
| Current assets29/58 | €78k | €59k | €51k | €25k | €2k | ▼ 92.1% |
| Stocks and contracts in progress3 | €27k | €27k | €27k | - | - | - |
| Stocks30/36 | €27k | €27k | €27k | - | - | - |
| Amounts receivable within one year40/41 | €17k | €17k | €10k | €10k | - | - |
| Trade receivables40 | €17k | €17k | €10k | €10k | - | - |
| Other amounts receivable41 | €149 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €33k | €15k | €13k | €15k | €2k | ▼ 86.9% |
| Deferred charges and accrued income490/1 | - | €68 | €75 | €82 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.98M | €1.96M | €1.95M | €1.92M | €1.89M | ▼ 1.4% |
| Equity10/15 | €1.76M | €1.74M | €1.71M | €1.68M | €1.65M | ▼ 1.6% |
| Contributions10/11 | €1.70M | €1.70M | €1.70M | €1.70M | €1.70M | = |
| Reserves13 | €19k | €19k | €19k | €19k | €19k | = |
| Non-distributable reserves130/1 | €8k | €8k | - | - | - | - |
| Reserves not available under the articles1311 | €8k | €8k | - | - | - | - |
| Own shares acquired1312 | - | €372 | - | - | - | - |
| Other1319 | €372 | - | - | - | - | - |
| Tax-exempt reserves132 | €11k | €11k | - | - | - | - |
| Distributable reserves133 | - | - | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €37k | €16k | €-11k | €-39k | €-66k | ▼ 66.2% |
| Amounts payable17/49 | €224k | €222k | €238k | €238k | €237k | ▼ 0.1% |
| Amounts payable within one year42/48 | €219k | €218k | €238k | €238k | €237k | ▼ 0.1% |
| Trade debts44 | €124 | - | €647 | €220 | - | - |
| Suppliers440/4 | €124 | - | €647 | €220 | - | - |
| Other amounts payable47/48 | €219k | €218k | €237k | €237k | €237k | = |
| Accrued charges and deferred income492/3 | €4k | €4k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-20k | €-27k | €-29k | €-26k | ▲ 8.5% |
| + Depreciation and write-downs630 | €6k | €3k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €-12k | €-17k | €-24k | €-25k | €-23k | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-19k | €-1k | €2k | €-13k | ▼ 922% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Antwerpen · 1 establishment unit since 1956
Ground area
1,776 m²
Building footprint
2,191 m²
Volume, LiDAR
69,494 m³
Parcel 11808H1183/00Z002, Flanders · tallest building 48.3 m, ±14 floors. Linked by address, not a title deed.
114
companies at this address
See who is registered here
1 establishment unit
Hoveniersstraat 53, 2018 Antwerpen
since 19562.004.256.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1183/00Z002 | Flanders | 1,776 m² | 1 · 2,191 m² | 48.3 m · 14 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1956
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.