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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 14 % 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
Cube Menswear from Gent, company number BE0816858972, closed financial year 2023 with a result of € 7,792 after tax. For that financial year Cube Menswear recorded a gross margin of € 102,182 and equity of € -89,132. Compared with financial year 2022, the result moved from € -49,343 to € 7,792. Profitable, and profit is growing. 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 January 29, 2024.
€ -89,132
▲ € 7,792 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,792
▲ still € 49,343 loss in 2022
Profit after tax over the fiscal year.
€ 23,673
▼ 37% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -107,732.
People and assets in 2023
1
Average over the fiscal year, from the social balance sheet.
€ 47,525
▲ 5% vs 2022
€ 47,500 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.
€ 6,549
▼ 5% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 312,923
▼ 2% vs 2022
€ 14,111 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 121,545
▲ 186% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 63,436
▼ 25% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Gross margin | € 59,015 | € 102,182 | ▲ 73% |
| Profit after taxes | € -49,343 | € 7,792 | ▲ € 57,135 |
| Equity | € -96,924 | € -89,132 | ▲ € 7,792 |
| Total debts | € 532,067 | € 614,464 | ▲ 15% |
| Cash | € 37,800 | € 23,673 | ▼ 37% |
| Retained profit | € -115,524 | € -107,732 | ▲ € 7,792 |
| Bank debt | € 318,138 | € 312,923 | ▼ 2% |
| Balance sheet total | € 435,143 | € 525,332 | ▲ 21% |
| Employees (FTE) | 1 | 1 |
Key figures of Cube Menswear, fiscal years 2022 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 30 January 2025.
What happened to Cube Menswear?
What happened at Cube Menswear in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Cube Menswear is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 7,792. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,343 loss in 2022 to € 7,792 profit in 2023.
Best year ever: 2023, with € 7,792 profit.
On average € 102,200 of value added per employee in 2023.
Management
Behind Cube Menswear is Guy Mortier.
Directors
According to the 2023 annual accounts
Guy Mortier
Director
Establishments
Establishment units
Physical locations of this company
Onderbergen 34
9000 Gent
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.
Details
- Company number
- 0816.858.972
- VAT number
- BE 0816.858.972
- Registered office
- Onderbergen 34, 9000 Gent
- Names & denominations
- Cube Menswear
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 7 July 2009
- Peppol
- Not registered
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