Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Cube Cold Europe Belgium Bidco from Brussel, company number BE0781898786, closed financial year 2025 with a result of € -205,553 after tax. For that financial year Cube Cold Europe Belgium Bidco recorded revenue of € 276,225 and equity of € 82 million. Compared with financial year 2024, the result moved from € -823,166 to € -205,553. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 82 million
▲ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -205,553
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,683
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
2.4
Average over the fiscal year, from the social balance sheet.
€ 88,095
€ 36,700 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 2025
None
No bank loans on the last day of the fiscal year.
€ 2.4 million
▲ 251% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 658 days on average.
€ 196,061
▲ 213% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 276,225 | |
| Profit after taxes | € -369,948 | € -402,233 | € -823,166 | € -205,553 | ▲ € 617,612 |
| Equity | € 37,193,191 | € 36,790,959 | € 51,742,269 | € 81,971,716 | ▲ 58% |
| Total debts | € 4,647,120 | € 4,804,405 | € 32,504,444 | € 16,989,650 | ▼ 48% |
| Cash | € 237 | € 785 | € 273,001 | € 15,683 | ▼ 94% |
| Retained profit | € -369,948 | € -772,181 | € -1,595,347 | € -1,800,900 | ▼ € 205,553 |
| Bank debt | € 2,585,181 | € 2,585,181 | € 0 | € 0 | |
| Balance sheet total | € 41,840,312 | € 41,595,364 | € 84,246,713 | € 98,961,366 | ▲ 17% |
| Employees (FTE) | - | - | - | 2.4 |
Key figures of Cube Cold Europe Belgium Bidco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Cube Cold Europe Belgium Bidco?
What happened at Cube Cold Europe Belgium Bidco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 205,553. Source: NBB ↗
- Elizabeth Gildea became a director. NBB
- Rai Hardip stepped down as director. NBB
- Rai Hardip became a director. NBB
- Irene Florescu became a director. NBB
- New establishment in Brussel. KBO
- CSC Global Solutions (BELGIUM) BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 369,948 loss in 2022 to € 205,553 loss in 2025.
Paid € 192 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Cube Cold Europe Belgium Bidco are CSC Global Solutions (BELGIUM) BV, Elizabeth Gildea and Irene Florescu. The shares are held by Cube Cold Europe Holdco LTD (100%). It owns 100% of Sivafrost CPL, 100% of Immo Sivafrost, 100% of Northfreeze, 100% of De Noordrij and 100% of Fraber Logistics itself.
Directors
According to the 2025 annual accounts
CSC Global Solutions (BELGIUM) BV
Director · represented by Tans Christophe
Also active at: HUDSON GLOBAL RESOURCES BELGIUM, ROSPA BELGIUM, PROLOGIS MEXICO HOLDING II (A), PROLOGIS MEXICO HOLDING (A), GELASE, CPIV, CPIS, Covent Garden JV General Partner +30 more
since 2022
Elizabeth Gildea
Director
Also active at: NORTHFREEZE, DE NOORDRIJ, NORTRAFFIC FOOD SERVICE, NORTRAFFIC
since 2025
since 2022
Rai Hardip
Director
since 2024 · until 2025
Shareholders
Cube Cold Europe Holdco LTD
100%
Participations
Establishments
Establishment units
Physical locations of this company
Marnixlaan 23 box 5e verdiep
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
All companies at this address →TELEFLEX MEDICAL
€ 18.7 million revenue · 2025
CUSHMAN & WAKEFIELD WINSSINGER TIE LEUNG
€ 218,925 revenue · 2024
Paardekooper België
Sunparks Oostduinkerke
€ 3.9 million revenue · 2025
CUSHMAN & WAKEFIELD BELGIUM
€ 14.4 million revenue · 2024
+53 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0781.898.786
- VAT number
- BE 0781.898.786
- Registered office
- Marnixlaan 23 bus 5e verdiep, 1000 Brussel
- Names & denominations
- Cube Cold Europe Belgium Bidco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 February 2022
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
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