THE CUBE
ActiveTHE CUBE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.16M and a net result of €273k. Equity is growing by ~63.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+11
Solvency53▲+3
Growth35=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.89 against 2.37 in 2023; short-term debt: 69.1% and cash: 3.8% of total assets), and 72% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
28%
Return on assets
6.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
30 d early
2022
3 d early
2021
3 d early
2020
8 d early
2019
42 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€11.09M▼ 43.8%
2022 · €19.71M
2021: €19.35M
2022: €19.71M
2021 → 2023
EBIT margin
3.8%▲ 1.7pp
2022 · 2.1%
2021: 1.6%
2022: 2.1%
2021 → 2023
Net result
€273k▲ 7.6%
2023 · €254k
2018: €376k
2019: €317k
2020: €263k
2021: €197k
2022: €261k
2023: €254k
2018 → 2024
Working capital
€-319k
2023 · €990k
2018: €-359k
2019: €-38k
2020: €171k
2021: €507k
2022: €728k
2023: €990k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€19.35M€19.71M▲ 1.9%€11.09M▼ 43.8%
Equity€175k-€372k▲ 113%€633k▲ 70.1%€887k▲ 40.1%€1.16M▲ 30.8%
Operating result€400k-€315k▼ 21.5%€416k▲ 32.4%€421k▲ 1.2%€423k▲ 0.4%
Net result€263k-€197k▼ 25.1%€261k▲ 32.3%€254k▼ 2.8%€273k▲ 7.6%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.14M
Fixed assets
€1.60M▼ 10.1%
Current assets
€2.54M▲ 48.4%
Equity and liabilities €4.14M
Equity
€1.16M▲ 30.8%
Debt
€2.98M▲ 14.5%
The debt ratio falls from 74.6% to 72.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€610k▼
2023 · €613k
Cash flow
€460k▲
2023 · €445k
Solvency
28.0%▲
2023 · 25.4%
Current ratio
0.89▼
2023 · 2.37
Quick ratio
0.26▼
2023 · 2.00
Debt / equity
2.57▼
2023 · 2.93
ROE
23.5%▼
2023 · 28.6%
ROA
6.6%▼
2023 · 7.3%
Interest coverage
13.12▲
2023 · 7.88
Debt
€2.98M▲
2023 · €2.60M
Debt ≤ 1 year
€2.86M▲
2023 · €722k
Debt > 1 year
€93k▼
2023 · €1.85M
Income taxes
€112k▲
2023 · €89k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.49M€4.14M▲
Fixed assets21/28€1.77M€1.60M▼
Tangible fixed assets22/27€1.77M€1.60M▼
Land and buildings22€1.77M€1.59M▼
Furniture and vehicles24-€8k
Current assets29/58€1.71M€2.54M▲
Stocks and contracts in progress3€265k€1.79M▲
Stocks30/36€265k€1.79M▲
Goods purchased for resale34€265k-
Amounts receivable within one year40/41€1.15M€288k▼
Trade receivables40€524k€288k▼
Other amounts receivable41€630k€0▼
Cash at bank and in hand54/58€67k€157k▲
Deferred charges and accrued income490/1€226k€307k▲
Equity and liabilities
Total equity and liabilities10/49€3.49M€4.14M▲
Equity10/15€887k€1.16M▲
Contributions10/11€19k€19k=
Reserves13€868k€1.14M▲
Distributable reserves133€868k€1.14M▲
Amounts payable17/49€2.60M€2.98M▲
Amounts payable after more than one year17€1.85M€93k▼
Financial debts170/4€1.85M€93k▼
Credit institutions173€1.85M-
Amounts payable within one year42/48€722k€2.86M▲
Current portion of amounts payable after more than one year42€160k€1.76M▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€399k€595k▲
Suppliers440/4€399k€595k▲
Taxes, remuneration and social security45€164k€316k▲
Taxes450/3€164k€316k▲
Other amounts payable47/48€0€189k▲
Accrued charges and deferred income492/3€24k€24k▼
Income statement
Code20232024
Operating income70/76A€11.71M-
Turnover70€11.09M-
Other operating income74€619k-
Operating charges60/66A€11.29M-
Goods for resale, raw materials and consumables60€10.48M-
Purchases600/8€6.30M-
Change in stocks: decrease (increase)609€4.18M-
Services and other goods61€640k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€192k€187k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-74k€0▲
Other operating charges640/8€52k€54k▲
Gross operating margin9900-€664k
Operating profit (loss)9901€421k€423k▲
Financial income75/76B€270€8k▲
Recurring financial income75€270€8k▲
Income from current assets751€270-
Other financial income752/9€0-
Financial charges65/66B€79k€47k▼
Recurring financial charges65€79k€47k▼
Debt charges650€78k-
Other financial charges652/9€1k-
Profit (loss) for the period before taxes9903€343k€385k▲
Income taxes67/77€89k€112k▲
Taxes670/3€89k-
Profit (loss) for the period9904€254k€273k▲
Profit (loss) for the period to be appropriated9905€254k€273k▲
Appropriation of the result
Profit (loss) to be appropriated9906€254k€273k▲
Transfer to equity691/2€254k€273k▲
To other reserves6921€254k€273k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.16M ▲30.8%
7 profitable years in a row build equity to €1.16M.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.16 to 2.37; short-term debt falls from €4.57M to €722k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €633k ▲70.1%
5 profitable years in a row build equity to €633k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €197k ▼25.1%
Net result drops to €197k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €372k ▲113%
4 profitable years in a row build equity to €372k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €175k
3 profitable years in a row build equity to €175k.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2017
Resigned as Manager
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 2011
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.
Steenweg op Leuven 11881200 Sint-Lambrechts-WoluweGround area
2,864 m²
Building footprint
722 m²
Volume, LiDAR
7,073 m³
Parcel 21018A0002/00P007, Brussels · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THE CUBE BVBA
since 20112.199.685.331
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0002/00P007 | Brussels | 2,864 m² | 1 · 722 m² | 15.3 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
Legal Entity Identifier
5493001GHZZJ9YHZ3I16
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IMMO HALLAAR
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,741 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2011
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
47811Retail sale of cars and light vans (up to 3.5 tonnes)
64200Holdings
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.