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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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 8.2 to 5.5.
Financials
Financial year 2025
KUBIGROUP from Pepingen, company number BE0896238527, closed financial year 2025 with a result of € 227,910 after tax. For that financial year KUBIGROUP recorded a gross margin of € 1 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 118,767 to € 227,910. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 1.1 million
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 227,910
▲ 92% vs 2024
Profit after tax over the fiscal year.
€ 152,071
▲ 138% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.1 million.
People and assets in 2025
5.5
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 390,325
▼ 6% vs 2024
€ 71,000 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.
€ 461,544
▲ 7% vs 2024
Of which on lease € 350,503.
Debts at end 2025
€ 1.7 million
▼ 15% vs 2024
€ 224,711 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 275,295
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,135
▼ 26% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 936,740 | € 802,672 | € 898,197 | € 1,021,629 | ▲ 14% |
| Profit after taxes | € 196,783 | € 25,022 | € 118,767 | € 227,910 | ▲ 92% |
| Equity | € 886,887 | € 910,244 | € 875,011 | € 1,102,920 | ▲ 26% |
| Total debts | € 1,686,398 | € 2,424,610 | € 2,595,920 | € 2,216,035 | ▼ 15% |
| Cash | € 69,437 | € 63,494 | € 63,979 | € 152,071 | ▲ 138% |
| Land & buildings | € 1,042,636 | € 2,093,872 | € 2,038,824 | € 1,621,790 | ▼ 20% |
| Retained profit | € 868,337 | € 891,694 | € 856,461 | € 1,084,370 | ▲ 27% |
| Dividend | € 32,480 | € 1,666 | € 154,000 | € 0 | ▼ 100% |
| Bank debt | € 1,239,859 | € 2,003,842 | € 2,043,057 | € 1,735,265 | ▼ 15% |
| Balance sheet total | € 2,580,199 | € 3,339,567 | € 3,481,311 | € 3,343,987 | ▼ 4% |
| Employees (FTE) | 7.6 | 8.2 | 6.3 | 5.5 | ▼ 0.8 |
Key figures of KUBIGROUP, 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 KUBIGROUP?
What happened at KUBIGROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 227,910 (▲ 92% vs 2024). Source: NBB ↗
- New establishment in Pepingen. KBO
- Start of the company according to the CBE. KBO
In short
From € 196,783 profit in 2022 to € 227,910 profit in 2025.
Paid € 163,648 in corporate taxes since 2022.
Best year ever: 2025, with € 227,910 profit.
On average € 185,800 of value added per employee in 2025.
Management
Behind KUBIGROUP are Ilse Vanhoorebeek and Bart Spinnoy. It owns 20% of Phenix Infra itself.
Directors
According to the 2025 annual accounts
Ilse Vanhoorebeek
Director
Also active at: TRANTES, Immo gallery, PHENIX INFRA, PHENIX GROUP, ANIM'ICE
Bart Spinnoy
Director
Establishments
Establishment units
Physical locations of this company
Hoge Kouter(BR) 1 box A
1673 Pepingen
Hoge Kouter(BR) 1A
1673 Pepingen
Active since 6 March 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0896.238.527
- VAT number
- BE 0896.238.527
- Registered office
- Hoge Kouter(BR) 1 bus A, 1673 Pepingen
- Names & denominations
- KUBIGROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 2008
- Peppol
- Active · Active since 27 Aug 2025
- Contact
- kubigroup.be
- Activities · NACE
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