Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2.8 to 1.8.
Financials
Financial year 2025
KUB from Waregem, company number BE0845473576, closed financial year 2025 with a result of € -677,267 after tax. For that financial year KUB recorded a gross margin of € -360,763 and equity of € 20,286. Compared with financial year 2024, the result moved from € 128,934 to € -677,267. The company made a loss. The buffer shrank hard: equity is 97 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 20,286
▼ 97% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -677,267
▼ still € 128,934 profit in 2024
Profit after tax over the fiscal year.
€ 26,832
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -159,714.
People and assets in 2025
1.8
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 99,232
▲ 15% vs 2024
€ 55,100 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.
€ 75,145
▲ 74% vs 2024
Of which on lease € 55,948.
Debts at end 2025
€ 4.8 million
▲ 45% vs 2024
€ 34,719 is repaid this year. At this pace the long-term loan is gone in ≈ 139 years.
€ 108,318
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,022
▼ 65% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -255,364 | € 693,595 | € 470,075 | € -360,763 | ▼ € 830,838 |
| Profit after taxes | € -103,063 | € 498,453 | € 128,934 | € -677,267 | ▼ € 806,200 |
| Equity | € 70,166 | € 568,619 | € 697,553 | € 20,286 | ▼ 97% |
| Total debts | € 10,994,103 | € 8,218,583 | € 7,207,256 | € 7,083,906 | ▼ 2% |
| Cash | € 832,426 | € 107,659 | € 96,350 | € 26,832 | ▼ 72% |
| Land & buildings | € 168,872 | € 155,818 | € 142,764 | € 129,710 | ▼ 9% |
| Retained profit | € -109,834 | € 388,619 | € 517,553 | € -159,714 | ▼ € 677,267 |
| Bank debt | € 2,822,610 | € 3,039,843 | € 3,315,640 | € 4,821,833 | ▲ 45% |
| Balance sheet total | € 11,064,269 | € 8,787,202 | € 7,904,809 | € 7,104,192 | ▼ 10% |
| Employees (FTE) | 2.1 | 2.8 | 2 | 1.8 | ▼ 0.2 |
Key figures of KUB, 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 KUB?
What happened at KUB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 677,267 (▼ € 806,200 vs 2024). filed late Source: NBB ↗
- TESSIMMO BV became a director. NBB
- BAUWIES BV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 103,063 loss in 2022 to € 677,267 loss in 2025.
Paid € 74,946 in corporate taxes since 2022.
Best year ever: 2023, with € 498,453 profit.
On average € 235,000 of value added per employee in 2024.
A new publication or filing at KUB? We notify you, reason included.
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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 BAUWIES, DE CORDIER BOUWONDERNEMING, Bernalith comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KUBBehind KUB are BAUWIES BV, DE CORDIER BOUWONDERNEMING BV, BERNALITH BV and TESSIMMO BV. The shares are held by BAUWIES (33.3%), DE CORDIER BOUWONDERNEMING (25%) and Bernalith (25%). It owns 50% of Danikub and 50% of Erikub itself.
Directors
According to the 2025 annual accounts
since 2018
Director · represented by Koen De Cordier
since 2025
Shareholders
Establishments
Establishment units
Physical locations of this company
Stationsstraat 138
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0845.473.576
- VAT number
- BE 0845.473.576
- Registered office
- Stationsstraat 138, 8790 Waregem
- Names & denominations
- KUB
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2012
- Peppol
- Active · Active since 22 May 2025
- Activities · NACE
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