Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NUBA-R from Kortrijk, company number BE0691557639, closed financial year 2025 with a result of € -11,286 after tax. For that financial year NUBA-R recorded a gross margin of € 36,411 and equity of € -154,230. Compared with financial year 2024, the result moved from € -46,760 to € -11,286. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ -154,230
▼ € 11,286 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,286
▲ 76 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,836
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -172,830.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 80
▼ 99% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 9,056
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 74,406
▼ 26% vs 2024
€ 34,914 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 6,000
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,202
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 923 | € 8,814 | € 10,524 | € 36,411 | ▲ 246% |
| Profit after taxes | € -66,168 | € -75,680 | € -46,760 | € -11,286 | ▲ € 35,475 |
| Equity | € -26,704 | € -96,184 | € -142,944 | € -154,230 | ▼ € 11,286 |
| Total debts | € 384,533 | € 351,210 | € 352,109 | € 318,870 | ▼ 9% |
| Cash | € 27,866 | € 21,642 | € 18,988 | € 15,836 | ▼ 17% |
| Land & buildings | € 88,013 | € 74,028 | € 63,044 | € 49,272 | ▼ 22% |
| Retained profit | € -39,104 | € -114,784 | € -161,544 | € -172,830 | ▼ € 11,286 |
| Bank debt | € 138,203 | € 111,311 | € 100,336 | € 74,406 | ▼ 26% |
| Balance sheet total | € 357,830 | € 255,026 | € 209,165 | € 164,640 | ▼ 21% |
Key figures of NUBA-R, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to NUBA-R?
What happened at NUBA-R in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,286. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 66,168 loss in 2022 to € 11,286 loss in 2025.
Management
Behind NUBA-R are GewELF BV and Angel Geldhof.
Directors
According to the 2025 annual accounts
Director · represented by Gilles Verhaeghe
Angel Geldhof
Director
Establishments
Establishment units
Physical locations of this company
O.-L.-Vrouwestraat(Kor) 2
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- DE CLERCQ, Dieter, Frans(oprichter) 50%
- VERHAEGHE, Gilles, Roger Marleen(oprichter) 50%
Details
- Company number
- 0691.557.639
- VAT number
- BE 0691.557.639
- Registered office
- O.-L.-Vrouwestraat(Kor) 2, 8500 Kortrijk
- Names & denominations
- NUBA-R
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2018
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