ACTIVE

CUBES

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Financial year 2025 · closed on 30/09/2025

Net result

-4,1 k €

-105.9% YoY

Gross margin

295,6 k €

+10.7% YoY

Equity

277,9 k €

-1.5% YoY

What does CUBES do?

CUBES is a Private company with limited liability incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0841.104.618

Incorporation

17/11/2011

Legal form

Private company with limited liability

Registered office

Amerikalei 209 box GLV
2000 Antwerpen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

Good liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013
Income statement
Gross margin	295,6 k €	+10.7%	267,1 k €	+37.6%	194,1 k €	+6.8%	181,7 k €	+0.9%	180,2 k €	+50.4%	119,8 k €	-40.0%	199,7 k €	+30.1%	153,5 k €	+17.6%	130,5 k €	+39.4%	93,6 k €	+13.2%	82,7 k €	-27.9%	114,7 k €
EBITDA	293,3 k €	+10.8%	264,6 k €	+38.3%	191,4 k €	+6.6%	179,5 k €	+0.7%	178,3 k €	+59.1%	112,1 k €	-34.5%	171 k €	+35.8%	125,9 k €	+10.7%	113,7 k €	+23.4%	92,1 k €	+12.8%	81,7 k €	-26.9%	111,8 k €
Operating result	53,3 k €	-53.5%	114,6 k €	-19.4%	142,3 k €	+0.4%	141,7 k €	+0.6%	140,8 k €	+88.9%	74,5 k €	-44.1%	133,4 k €	+54.5%	86,3 k €	+137%	36,5 k €	-58.4%	87,6 k €	+14.0%	76,9 k €	-25.2%	102,8 k €
Net result	-4,1 k €	-106%	70,5 k €	-21.3%	89,5 k €	-19.3%	110,8 k €	+27.6%	86,9 k €	+54.5%	56,3 k €	-41.2%	95,6 k €	+84.9%	51,7 k €	+105%	25,3 k €	-63.2%	68,7 k €	+15.9%	59,3 k €	-14.3%	69,2 k €
Balance sheet
Equity	277,9 k €	-1.5%	282 k €	+33.3%	211,5 k €	+73.3%	122 k €	+10.8%	110,2 k €	-33.7%	166,1 k €	+51.2%	109,9 k €	+671%	14,3 k €	-41.4%	24,3 k €	-57.0%	56,7 k €	+239%	16,7 k €	-79.5%	81,6 k €
Total assets	3,2 M €	+51.5%	2,1 M €	+87.7%	1,1 M €	+7.1%	1 M €	+11.0%	944,7 k €	-1.8%	961,7 k €	+11.4%	863 k €	-0.5%	866,9 k €	-5.5%	917,8 k €	+662%	120,5 k €	+20.0%	100,4 k €	-30.2%	144 k €
Cash	65,4 k €	+47.6%	44,3 k €	-30.4%	63,6 k €	-26.9%	87,1 k €	+119%	39,7 k €	+12294%	320,3 €		–		–		14,4 k €		–		–		156,6 €
Debts	2,9 M €	+59.7%	1,8 M €	+100%	910,1 k €	-1.7%	925,8 k €	+10.9%	834,5 k €	+4.9%	795,6 k €	+5.6%	753,1 k €	-11.7%	852,7 k €	-4.6%	893,5 k €	+1299%	63,9 k €	-23.7%	83,7 k €	+34.2%	62,4 k €
Other
Workforce	–		–		–		–		–		–		0,8 ETP	-20.0%	1,0 ETP	+42.9%	0,7 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

SPUNKY STRINGS

Director · since 01 juin 2016 · 0849.135.723

Represented by Roeland Kuyps

Active

Roeland Kuyps

Director · since 17 novembre 2011

Active

Ended mandates

SPUNKY STRINGS

Director · since 01 juin 2016 · 0849.135.723

Represented by Roeland Kuyps

Ended

SPUNKY STRINGS

Manager · since 01 juin 2016 · 0849.135.723

Represented by Stavroula Krallis

Ended

Stavroula Krallis

Manager · since 01 juillet 2014

Ended

Roeland Kuyps

Manager · since 17 novembre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
ATHENA CONNECTING HEROES● Active	1020.427.330
SPUNKY STRINGS● Active	0849.135.723

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	08/04/2025	29/04/2024	30/04/2023	29/04/2022	30/04/2021
General meeting	31/03/2026	25/03/2025	26/03/2024	20/03/2023	26/03/2022	26/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	28/04/2026	Dutch	PDF
Abridged model	30/09/2024	25/03/2025	08/04/2025	Dutch	PDF
Abridged model	30/09/2023	26/03/2024	29/04/2024	Dutch	PDF
Abridged model	30/09/2022	20/03/2023	30/04/2023	Dutch	PDF
Micro model	30/09/2021	26/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	26/03/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	13/01/2020	11/03/2020	Dutch	PDF
Abridged model	30/09/2018	04/02/2019	08/04/2019	Dutch	PDF
Abridged model	30/09/2017	08/01/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	30/01/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	29/04/2016	Dutch	PDF
Abridged model	30/09/2014	02/02/2015	02/04/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	28/03/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 2 active · 4 ended

Active mandates

SPUNKY STRINGS

Director · since 01 juin 2016 · 0849.135.723

Represented by Roeland Kuyps

Active

Roeland Kuyps

Director · since 17 novembre 2011

Active

Ended mandates

SPUNKY STRINGS

Director · since 01 juin 2016 · 0849.135.723

Represented by Roeland Kuyps

Ended

SPUNKY STRINGS

Manager · since 01 juin 2016 · 0849.135.723

Represented by Stavroula Krallis

Ended

Stavroula Krallis

Manager · since 01 juillet 2014

Ended

Roeland Kuyps

Manager · since 17 novembre 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other21/11/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025-4,1 k €↓
2024
Annual accounts 202470,5 k €↓
2023
Annual accounts 202389,5 k €↓
2022
Annual accounts 2022110,8 k €↑
2021
Annual accounts 202186,9 k €↑
2020
Annual accounts 202056,3 k €↓
2019
Annual accounts 201995,6 k €↑
2018
Annual accounts 201851,7 k €↑
2017
Annual accounts 201725,3 k €↓
2015
Annual accounts 201568,7 k €↑
2014
Annual accounts 201459,3 k €↓
2013
Annual accounts 201369,2 k €
17/11/2011
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CUBES

Overview

What does CUBES do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline