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
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
V Cube Ventures from Elsene, company number BE0789312952, closed financial year 2025 with a result of € -581,214 after tax. For that financial year V Cube Ventures recorded a gross margin of € -569,200 and equity of € 36.4 million. Compared with financial year 2024, the result moved from € -446,111 to € -581,214. 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 June 30, 2026.
€ 36.4 million
▲ 102% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -581,214
▼ 30 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ € 867,786 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15,983
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -906,029 | € -443,311 | € -569,200 | ▼ € 125,889 |
| Profit after taxes | € -903,518 | € -446,111 | € -581,214 | ▼ € 135,103 |
| Equity | € 10,004,606 | € 18,029,433 | € 36,438,219 | ▲ 102% |
| Total debts | € 102,291 | € 122,635 | € 15,983 | ▼ 87% |
| Cash | € 1,517,140 | € 271,568 | € 1,139,354 | ▲ € 867,786 |
| Retained profit | € -903,518 | € -1,349,629 | € -1,930,843 | ▼ € 581,214 |
| Balance sheet total | € 10,106,897 | € 18,152,068 | € 36,454,201 | ▲ 101% |
Key figures of V Cube Ventures, fiscal years 2023 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 V Cube Ventures?
What happened at V Cube Ventures in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Raphael Thiolon stepped down as director. NBB
- Red Black Capital S.A. stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 581,214. Source: NBB ↗
- Raphael Thiolon became a director. NBB
- Red Black Capital S.A. became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 903,518 loss in 2023 to € 581,214 loss in 2025.
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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
The stake of VERLINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
V Cube VenturesThe shares are held by VERLINVEST (100%). It owns 21.1% of SSVM Health, 17.5% of Doodley Pets Ecosystem, 17.1% of Cremetech Tailored Foods, 15.6% of Nutnbolt Business Solution, 15.5% of SKKY Desserts and 15% of The Hosteller Hospitality itself.
Directors
According to the 2025 annual accounts
Raphael Thiolon
Director
since 2024 · until 2027
Red Black Capital S.A.
Director · represented by Roberto Italia
since 2024 · until 2027
Shareholders
100%
Participations
SSVM Health
21.1%
Doodley Pets Ecosystem
17.5%
Cremetech Tailored Foods
17.1%
Nutnbolt Business Solution
15.6%
SKKY Desserts
15.5%
The Hosteller Hospitality
15%
Ugaoo Agritech
13.6%
Kenzen Ventures
12%
Earthy Biome
11.4%
Amicus Natural Products
10%
Audym Lifesciences & Research
10%
Potion Pioneers
10%
Establishments
Establishment units
Physical locations of this company
Eugène Flageyplein 18
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →Opératie 1971
MERIFIN EUROPE
€ 652,024 gross margin · 2025
Euregalia
VERLINVEST same network
€ 1.2 million revenue · 2025
Brussels Jazz Orchestra
+24 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
- 0789.312.952
- VAT number
- BE 0789.312.952
- Registered office
- Eugène Flageyplein 18, 1050 Elsene
- Names & denominations
- V Cube Ventures
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2022
- Peppol
- Active · Active since 20 Dec 2025