Kubel
ActiveKubel has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.54M and a net result of €61k. Equity is growing by ~3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.01 in 2023; short-term debt: 2.6% and cash: 0% of total assets), and 2.6% 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 · 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
97.4%
Return on assets
3.9%
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 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
40 d early
2022
26 d early
2021
32 d early
2020
18 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.54M▲ 4.1%
2023 · €1.48M
2018: €-1.64M
2019: €1.34M
2020: €1.39M
2021: €1.41M
2022: €1.42M
2023: €1.48M
2018 → 2024
Total assets
€1.58M▲ 4.1%
2023 · €1.52M
2018: €4.86M
2019: €3.20M
2020: €3.25M
2021: €1.44M
2022: €1.44M
2023: €1.52M
2018 → 2024
Net result
€61k▲ 11.0%
2023 · €55k
2018: €-150k
2019: €5.49M
2020: €48k
2021: €24k
2022: €12k
2023: €55k
2018 → 2024
Working capital
€-40k▼ 4.4%
2023 · €-38k
2018: €-6.43M
2019: €1.34M
2020: €1.39M
2021: €1.41M
2022: €1.42M
2023: €-38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.39M-€1.41M▲ 1.7%€1.42M▲ 0.8%€1.48M▲ 3.9%€1.54M▲ 4.1%
Operating result€-9k-€-9k▲ 0.3%€-10k▼ 6.5%€-11k▼ 12.3%€-10k▲ 10.1%
Net result€48k-€24k▼ 51.0%€12k▼ 50.4%€55k▲ 370%€61k▲ 11.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €11k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.58M
Fixed assets
€1.58M▲ 4.1%
Current assets
€642▲ 33.9%
Equity and liabilities €1.58M
Equity
€1.54M▲ 4.1%
Debt
€41k▲ 4.8%
The debt ratio stays at 2.6%.
Key figures and ratios
Solvency
97.4%=
2023 · 97.4%
Current ratio
0.02▲
2023 · 0.01
Quick ratio
0.02▲
2023 · 0.01
Debt / equity
0.03▲
2023 · 0.03
ROE
4.0%▲
2023 · 3.7%
ROA
3.9%▲
2023 · 3.6%
Debt
€41k▲
2023 · €39k
Debt ≤ 1 year
€41k▲
2023 · €39k
Income taxes
€23k▲
2023 · €20k
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€1.52M€1.58M▲
Fixed assets21/28€1.52M€1.58M▲
Financial fixed assets28€1.52M€1.58M▲
Current assets29/58€480€642▲
Cash at bank and in hand54/58€480€642▲
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.58M▲
Equity10/15€1.48M€1.54M▲
Contributions10/11€312k€312k=
Capital10€312k€312k=
Issued capital100€312k€312k=
Reserves13€31k€31k=
Non-distributable reserves130/1€31k€31k=
Legal reserve130€31k€31k=
Profit (loss) carried forward14€1.14M€1.20M▲
Amounts payable17/49€39k€41k▲
Amounts payable within one year42/48€39k€41k▲
Trade debts44€15k€18k▲
Suppliers440/4€15k€18k▲
Taxes, remuneration and social security45€24k€23k▼
Taxes450/3€24k€23k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61-€9k
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-10k€-9k▲
Operating profit (loss)9901€-11k€-10k▲
Financial income75/76B€90k€98k▲
Recurring financial income75€90k€98k▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€75k€84k▲
Income taxes67/77€20k€23k▲
Profit (loss) for the period9904€55k€61k▲
Profit (loss) for the period to be appropriated9905€55k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.14M€1.20M▲
Profit (loss) brought forward from the previous period14P€1.08M€1.14M▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment4 facts ▸
- General meeting, 2025-06-30
- Director resignation, Michael GHEYSENS (bestuurder)
- Director appointment, GHEMIC (bestuurder)
- Permanent representative, Michael GHEYSENS
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
28-02
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Permanent representative3 facts ▸
- General meeting, 2024-06-03
- Auditor reappointment, 3 jaar, na de gewone algemene vergadering die gehouden wordt om te beraadslagen over de rekeningen van het boekjaar 2026
- Permanent representative, Melissa CARTON
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-12
State Gazette act
Purpose · Statutes amendment · Resignations & appointments · MiscellaneousGeneral meeting · Statutes amendment · Director resignation9 facts ▸
State Gazette act
Purpose · Statutes amendment · Resignations & appointments · Miscellaneous
General meeting · Statutes amendment · Director resignation9 facts ▸
- General meeting, 2023-11-30
- Statutes amendment
- Statutes amendment
- Director resignation, Simon GHEYSENS (bestuurder)
- Director reappointment, Paul GHEYSENS (bestuurder)
- Director reappointment, Michael GHEYSENS (bestuurder)
- Capital, €311.500
- Corporate purpose, Het plaatsen van prefab betonelementen en - trappen. Het verhandelen van alle bouwmaterialen. Het verstrekken van advies over de uitvoering van algemene aannemi…
- Power of attorney, Delphine Verpoest
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-12
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director reappointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director reappointment7 facts ▸
- General meeting, 2022-06-07
- Board meeting, 2022-06-07
- Director reappointment, Paul GHEYSENS (bestuurder)
- Director reappointment, Paul GHEYSENS (gedelegeerd bestuurder)
- Director reappointment, Paul GHEYSENS (voorzitter van de raad van bestuur)
- Director reappointment, Simon GHEYSENS (bestuurder)
- Director reappointment, Michael GHEYSENS (bestuurder)
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
18-01
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2021-06-07
- Auditor reappointment, 3 jaar, na de algemene vergadering die gehouden wordt om te beraadslagen over de rekeningen van het boekjaar 2023
2021
31-12
Financial
Liquidity times 28current ratio 49.16
Current ratio from 1.74 to 49.16; short-term debt falls from €1.87M to €29k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
20-01
State Gazette act
Resignations & appointmentsPermanent representative2 facts ▸
State Gazette act
Resignations & appointments
Permanent representative2 facts ▸
- Permanent representative, Joachim HOEBEECK
- Permanent representative, Melissa CARTON
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
03-07
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director resignation4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director resignation4 facts ▸
- General meeting, 2019-10-05
- Board meeting, 2019-10-05
- Director resignation, OPUS TERRAE (bestuurder, gedelegeerd bestuurder)
- Director appointment, Paul GHEYSENS (gedelegeerd bestuurder)
2019
31-12
Financial
Back to profitnet €5.49M
Net result €5.49M after one loss-making year.
31-12
Financial
Liquidity times 184current ratio 1.72
Current ratio from 0.01 to 1.72; short-term debt falls from €6.49M to €1.86M.
31-12
Financial
Equity above €1MEq €1.34M
Equity rises from €-1.64M to €1.34M.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-11
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor resignation · Auditor appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor resignation · Auditor appointment4 facts ▸
- General meeting, 2018-06-25
- Auditor resignation, DELOITTE BEDRIJFSREVISOREN
- Auditor appointment, KPMG BEDRIJFSREVISOREN (commissaris)
- Permanent representative, Paul GHEYSENS
19-10
State Gazette act
RestructuringMerger · Permanent representative · Capital12 facts ▸
State Gazette act
Restructuring
Merger · Permanent representative · Capital12 facts ▸
- Merger, fusie door overneming
- Permanent representative, Paul Gheysens
- Capital, €250.000
- Capital, €311.500
- Capital increase, €311.500
- Share issue, 328, vergoeding fusie
- Accounting effect, 2018-07-01
- Real estate, Een perceel grond, gelegen aan de Karel Coggestraat, Berchem, sectie A, deel van nummer 160/F/2, kadastrale legger nummer 0160/00H2P0000, oppervlakte 1 ha 31 a…
- Exchange ratio, 3,799, 3.799/1.000
- Premium, 0, EUR
- Auditor appointment, Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren
- Dividend participation, 2018-07-01
13-07
State Gazette act
Capital & shares · MiscellaneousGeneral meeting1 fact ▸
State Gazette act
Capital & shares · Miscellaneous
General meeting1 fact ▸
- General meeting, 2018-06-26
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
23-01
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 2016-12-02
- Auditor appointment, Deloitte Bedrijfsrevisoren (commissaris)
- Permanent representative, Rik Neckebroeck
2016
10-10
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Director resignation · Director appointment9 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Director resignation · Director appointment9 facts ▸
- General meeting, 2016-08-19
- Director resignation, Johannes WILLEMEN (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur)
- Director resignation, Tom WILLEMEN (bestuurder)
- Director appointment, OPUS TERRAE (bestuurder en gedelegeerd bestuurder)
- Permanent representative, Paul GHEYSENS
- Director appointment, Paul GHEYSENS (bestuurder en voorzitter van de raad van bestuur)
- Director appointment, Simon GHEYSENS (bestuurder)
- Director appointment, Michael GHEYSENS (bestuurder)
- Registered-office move, 8900 leper, Zwaanhofweg 10
16-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment3 facts ▸
- General meeting, 2013-06-03
- Director reappointment, Johan Willemen (bestuurder)
- Director reappointment, Tom Willemen (bestuurder)
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2012
20-07
State Gazette act
Capital & sharesGeneral meeting · Capital increase · Statutes amendment3 facts ▸
State Gazette act
Capital & shares
General meeting · Capital increase · Statutes amendment3 facts ▸
- General meeting, 2012-06-29
- Capital increase, €250.000
- Statutes amendment
2007
06-07
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointmentsGeneral meeting · Purpose change · Statutes amendment4 facts ▸
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointments
General meeting · Purpose change · Statutes amendment4 facts ▸
- General meeting, 2007-06-21
- Purpose change, het toestaan van leningen aan vennootschappen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen,…
- Statutes amendment
- Director appointment, Willemen, Johannes Maria (gedelegeerd bestuurder)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 directors, no change since 2025
GHEMIC
CurrentDirector · since 30-06-2025 · Private limited company · perm. rep.: Michael GHEYSENS
Paul GHEYSENS
CurrentDirector · since 19-08-2016
OPUS TERRAE
Not recently confirmedBestuurder en gedelegeerd bestuurder · since 19-08-2016 · Legal entity · perm. rep.: Paul GHEYSENS
Johan WILLEMEN
Not recently confirmedDirector · since 03-06-2013
Willemen, Johannes Maria
Not recently confirmedManaging director · since 21-06-2007
30-06-2025
GHEMIC: Appointed as Director
30-06-2025
Michael GHEYSENS: Resigned as Director
30-11-2023
Paul GHEYSENS: Mandate renewed as Director
30-11-2023
Michael GHEYSENS: Mandate renewed as Director
30-11-2023
Simon GHEYSENS: Resigned as Director
07-06-2022
Paul GHEYSENS: Mandate renewed as Managing director
07-06-2022
Paul GHEYSENS: Mandate renewed as Voorzitter van de raad van bestuur
07-06-2022
Paul GHEYSENS: Mandate renewed as Director
07-06-2022
Michael GHEYSENS: Mandate renewed as Director
07-06-2022
Simon GHEYSENS: Mandate renewed as Director
05-10-2019
Paul GHEYSENS: Appointed as Managing director
05-10-2019
OPUS TERRAE: Resigned as Bestuurder, gedelegeerd bestuurder
19-08-2016
Paul GHEYSENS: Appointed as Bestuurder en voorzitter van de raad van bestuur
19-08-2016
OPUS TERRAE: Appointed as Bestuurder en gedelegeerd bestuurder
19-08-2016
Michael GHEYSENS: Appointed as Director
19-08-2016
Simon GHEYSENS: Appointed as Director
19-08-2016
Johannes WILLEMEN: Resigned as Bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur
19-08-2016
Tom Willemen: Resigned as Director
03-06-2013
Johan WILLEMEN: Mandate renewed as Director
03-06-2013
Tom Willemen: Mandate renewed as Director
21-06-2007
Willemen, Johannes Maria: Appointed as Managing director
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2006
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.
Zwaanhofweg 108900 IeperGround area
5,629 m²
Building footprint
1,997 m²
Volume, LiDAR
14,036 m³
Parcel 33305B1021/00D002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kubel
since 20062.341.128.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B1021/00D002 | Flanders | 5,629 m² | 1 · 1,997 m² | 8.8 m · 2 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.
Statutory auditor
4 auditors| KPMG BedrijfsrevisorenCurrent Auditor · represented by Melissa CARTON | 07-06-2021 → present |
Show 3 earlier auditors
| Deloitte Bedrijfsrevisoren Statutory auditor · represented by Rik Neckebroeck succeeded by KPMG Réviseurs d'Entreprises in 2018 | 02-12-2016 → 25-06-2018 |
| Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren Auditor · represented by e8 succeeded by KPMG Bedrijfsrevisoren in 2021 | 10-10-2018 → 07-06-2021 |
| KPMG Réviseurs d'Entreprises Statutory auditor succeeded by KPMG Bedrijfsrevisoren in 2021 | 25-06-2018 → 07-06-2021 |
Structure & network
Connections & network
27 connected companiesNetwork connections
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Shared corporate director
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Ownership & control
1 partyControl over this companysits on this company's board1
6 subsidiaries · 1 location
controls
KubelBE 0885.846.857
Acquisitions and mergers
1 transactionTaken over by:CONSTRUCTION LINK
Capital and shareholders
Capital increase of 250,000 EUR
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-2006
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.