ACTIVE

V Cube Ventures

Financial year 2025 · closed on 31/12/2025
Net result
-581,2 k €
-30.3% YoY
Gross margin
-569,2 k €
-28.4% YoY
Equity
36,4 M €
+102.1% YoY

What does V Cube Ventures do?

V Cube Ventures is a Public limited company incorporated in 2022. Its registered office is in Ixelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0789.312.952
Incorporation
02/08/2022
Legal form
Public limited company
Registered office
Place Eugène Flagey 18
1050 Ixelles · BruxellesSee on map
Contributed capital
38 369 061,82 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidity
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin-569,2 k €-443,3 k €-906 k €
EBITDA-570,2 k €-443,7 k €-906,8 k €
Operating result-570,9 k €-443,7 k €-906,8 k €
Net result-581,2 k €-446,1 k €-903,5 k €
Balance sheet
Equity36,4 M €18 M €10 M €
Total assets36,5 M €18,2 M €10,1 M €
Cash1,1 M €271,6 k €1,5 M €
Debts16 k €122,6 k €102,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Raphael Thiolon

Director · since 01 février 2024 · until 23 juin 2027

Active
Red Black Capital S.A.

Director · since 01 janvier 2024 · until 23 juin 2027

Represented by Roberto Italia

Active

Ended mandates

Red Blak Capital SA

Director · since 01 janvier 2024 · until 23 juin 2027

Represented by Roberto Italia

Ended
Roberto Italia

Director · since 02 août 2022 · until 31 décembre 2023

Ended
TANGULA

Director · since 02 août 2022 · until 31 janvier 2024 · 0754.867.559

Represented by Eric Joseph Melloul

Ended
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Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202402/08/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months17 months
Filing date30/06/202619/06/202515/07/2024
General meeting24/06/202617/06/202526/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/06/202630/06/2026FrenchPDF
Abridged model31/12/202417/06/202519/06/2025FrenchPDF
Abridged model31/12/202326/06/202415/07/2024FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Raphael Thiolon

Director · since 01 février 2024 · until 23 juin 2027

Active
Red Black Capital S.A.

Director · since 01 janvier 2024 · until 23 juin 2027

Represented by Roberto Italia

Active

Ended mandates

Red Blak Capital SA

Director · since 01 janvier 2024 · until 23 juin 2027

Represented by Roberto Italia

Ended
Roberto Italia

Director · since 02 août 2022 · until 31 décembre 2023

Ended
TANGULA

Director · since 02 août 2022 · until 31 janvier 2024 · 0754.867.559

Represented by Eric Joseph Melloul

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares04/07/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates16/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other30/03/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Other04/08/2022
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-581,2 k €
  2. 2024
    Annual accounts 2024-446,1 k €
  3. 2023
    Annual accounts 2023-903,5 k €
  4. 02/08/2022
    IncorporationPublic limited company