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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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
byNubian from Gent, company number BE0597941454, closed financial year 2026 with a result of € -60,476 after tax. For that financial year byNubian recorded a gross margin of € 352,652 and equity of € 363,244. Compared with financial year 2025, the result moved from € -2,472 to € -60,476. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ 363,244
▼ 14% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -60,476
▼ 2346 % more loss than in 2025
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 344,644.
People and assets in 2026
2
Average over the fiscal year, from the social balance sheet.
€ 231,880
▲ 5% vs 2025
€ 115,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
€ 82,305
▼ 42% vs 2025
Loans from banks and other lenders, long and short.
€ 61,266
▲ 14% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 34,182
▼ 20% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 82,898 | € 414,684 | € 333,254 | € 352,652 | ▲ 6% |
| Profit after taxes | € -133,974 | € 120,832 | € -2,472 | € -60,476 | ▼ € 58,004 |
| Equity | € 305,360 | € 426,192 | € 423,720 | € 363,244 | ▼ 14% |
| Total debts | € 448,192 | € 452,553 | € 395,684 | € 304,214 | ▼ 23% |
| Cash | € 11,017 | € 86,497 | € 12,053 | € 0 | ▼ 100% |
| Retained profit | € 286,760 | € 407,592 | € 405,120 | € 344,644 | ▼ 15% |
| Bank debt | € 378,745 | € 223,027 | € 142,795 | € 82,305 | ▼ 42% |
| Balance sheet total | € 753,552 | € 878,745 | € 819,403 | € 667,457 | ▼ 19% |
| Employees (FTE) | - | 2 | 2 | 2 |
Key figures of byNubian, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to byNubian?
What happened at byNubian in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 60,476. Source: NBB ↗
- Laurent Marlein BV became a director. NBB
- Source International BV became a director. NBB
- Vertex BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 133,974 loss in 2023 to € 60,476 loss in 2026.
Paid € 163 in corporate taxes since 2023.
Best year ever: 2024, with € 120,832 profit.
On average € 176,300 of value added per employee in 2026.
Management
Behind byNubian are Source International BV, Laurent Marlein BV and Vertex BV. It owns 50% of Yetu Smart Grids Ltd(Kenia), 49.9% of RSM Intersustainability and 15% of Zelospark itself.
Directors
According to the 2026 annual accounts
Director · represented by Vereecken Rik
since 2019
since 2024
Establishments
Establishment units
Physical locations of this company
Elyzeese Velden 6
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0597.941.454
- VAT number
- BE 0597.941.454
- Registered office
- Elyzeese Velden 6, 9000 Gent
- Names & denominations
- byNubian
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2015
- Peppol
- Active · Active since 31 Oct 2023
- Contact
- [email protected]
- Activities · NACE
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