Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Cubitech from Orp-Jauche, company number BE0506944764, closed financial year 2023 with a result of € -17,510 after tax. For that financial year Cubitech recorded a gross margin of € 2,499 and equity of € 10,484. Compared with financial year 2022, the result moved from € 9,225 to € -17,510. The company made a loss. The buffer shrank hard: equity is 63 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2024.
€ 10,484
▼ 63% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,510
▼ still € 9,225 profit in 2022
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8,116.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 21,381
▼ 40% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 13,478
▼ 40% vs 2022
€ 10,000 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 6,335
▼ 5% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 5,635
▼ 61% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 61,900 | € 27,663 | € 2,499 | ▼ 91% |
| Profit after taxes | € 34,508 | € 9,225 | € -17,510 | ▼ € 26,735 |
| Equity | € 18,769 | € 27,994 | € 10,484 | ▼ 63% |
| Total debts | € 66,677 | € 43,972 | € 25,507 | ▼ 42% |
| Cash | € 42,010 | € 21,207 | - | |
| Retained profit | € 169 | € 9,394 | € -8,116 | ▼ € 17,510 |
| Bank debt | € 38,678 | € 22,500 | € 13,478 | ▼ 40% |
| Balance sheet total | € 85,446 | € 71,966 | € 35,991 | ▼ 50% |
| Employees (FTE) | 1.1 | - | - |
Key figures of Cubitech, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Cubitech?
What happened at Cubitech in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Cubitech is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 17,510 (▼ € 26,735 vs 2022). Source: NBB ↗
- New establishment in Orp-Jauche. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,508 profit in 2021 to € 17,510 loss in 2023.
Paid € 16,898 in corporate taxes since 2021.
Best year ever: 2021, with € 34,508 profit.
On average € 56,300 of value added per employee in 2021.
Management
Behind Cubitech is Raman Cubi.
Directors
According to the 2023 annual accounts
Raman Cubi
Director
Establishments
Establishment units
Physical locations of this company
Rue de la Tombale(J) 1A
1350 Orp-Jauche
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0506.944.764
- VAT number
- BE 0506.944.764
- Registered office
- Rue de la Tombale(J) 1A, 1350 Orp-Jauche
- Names & denominations
- Cubitech
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 18 December 2014
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren
Andere reinigingsactiviteiten
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Vervaardiging van schakel- en verdeelinrichtingen
Vervaardiging van verlichtingsapparaten
Reparatie en onderhoud van elektrische apparatuur