ACTIVE

KUBIGROUP

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Financial year 2025 · closed on 31/12/2025

Net result

227,9 k €

+91.9% YoY

Gross margin

1 M €

+13.7% YoY

Equity

1,1 M €

+26.0% YoY

Workforce

5,5 ETP

-12.7% YoY

What does KUBIGROUP do?

KUBIGROUP is a Private limited company incorporated in 2008. Its main activity is: Support activities for crop production. Its registered office is in Pepingen. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.238.527

Incorporation

06/03/2008

Legal form

Private limited company

Registered office

Hoge Kouter(BR) 1 box A
1673 Pepingen · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

5,5 ETP

Activities (NACE)

01610Support activities for crop production· main 01610Support activities for crop production 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.43120Site preparation 43120Site preparation+4

Joint committees (2)

124
12400

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1 M €	+13.7%	898,2 k €	+11.9%	802,7 k €	-14.3%	936,7 k €	-18.5%	1,1 M €	+65.6%	693,8 k €	-11.5%	784,1 k €	+39.7%	561,4 k €	+15.6%	485,7 k €	+69.7%	286,1 k €	+4.2%	274,7 k €	+21.8%	225,5 k €	+12.0%	201,4 k €	+32.1%	152,5 k €	-5.1%	160,6 k €	+31.3%	122,3 k €	+16.3%	105,2 k €	+9.4%	96,1 k €
EBITDA	605,9 k €	+34.5%	450,5 k €	+59.5%	282,5 k €	-42.2%	488,3 k €	-33.4%	732,8 k €	+169%	272,7 k €	-23.9%	358,3 k €	+23.0%	291,3 k €	+5.8%	275,4 k €	+43.3%	192,2 k €	+10.2%	174,4 k €	+6.5%	163,7 k €	+8.6%	150,8 k €	+44.5%	104,3 k €	-8.3%	113,7 k €	+41.8%	80,2 k €	+31.6%	61 k €	-27.5%	84,1 k €
Operating result	368,4 k €	+65.6%	222,4 k €	+172%	81,6 k €	-70.1%	273,5 k €	-51.5%	563,9 k €	+500%	94 k €	-42.3%	162,8 k €	+71.9%	94,7 k €	+42.6%	66,4 k €	+50.3%	44,2 k €	-19.4%	54,9 k €	-12.7%	62,8 k €	+69.3%	37,1 k €	+62.4%	22,9 k €	+12.4%	20,3 k €	+0.3%	20,3 k €	+181%	7,2 k €	-83.1%	42,7 k €
Net result	227,9 k €	+91.9%	118,8 k €	+375%	25 k €	-87.3%	196,8 k €	-53.7%	425,4 k €	+657%	56,2 k €	-48.3%	108,6 k €	+62.3%	66,9 k €	+85.1%	36,2 k €	+86.2%	19,4 k €	-59.4%	47,9 k €	+37.1%	34,9 k €	+34.1%	26 k €	+98.7%	13,1 k €	-69.8%	43,4 k €	+158%	16,8 k €	+22935%	73 €	-99.7%	28,9 k €
Balance sheet
Equity	1,1 M €	+26.0%	875 k €	-3.9%	910,2 k €	+2.6%	886,9 k €	+22.7%	722,6 k €	+102%	358 k €	+13.4%	315,6 k €	+38.7%	227,6 k €	+40.3%	162,3 k €	+11.1%	146,1 k €	-0.4%	146,7 k €	+23.5%	118,8 k €	+41.6%	83,9 k €	-18.4%	102,8 k €	+12.1%	91,7 k €	+42.6%	64,3 k €	+35.4%	47,5 k €	+0.2%	47,5 k €
Total assets	3,3 M €	-3.9%	3,5 M €	+4.2%	3,3 M €	+29.4%	2,6 M €	+50.7%	1,7 M €	+24.6%	1,4 M €	+1.9%	1,3 M €	-0.8%	1,4 M €	+15.1%	1,2 M €	+30.8%	902,6 k €	+63.6%	551,8 k €	+79.6%	307,3 k €	-2.1%	314 k €	+44.4%	217,5 k €	-6.1%	231,7 k €	+15.9%	199,9 k €	-3.5%	207,1 k €	-11.6%	234,4 k €
Cash	152,1 k €	+138%	64 k €	+0.8%	63,5 k €	-8.6%	69,4 k €	-72.3%	250,5 k €	+43.9%	174,1 k €	+175%	63,3 k €	-30.5%	91,1 k €	+679%	11,7 k €	-73.9%	44,8 k €	-51.1%	91,5 k €	+14.8%	79,7 k €	+91.6%	41,6 k €	+898%	4,2 k €	-88.2%	35,4 k €	+42.7%	24,8 k €	-36.0%	38,8 k €	-36.9%	61,4 k €
Debts	2,2 M €	-14.7%	2,6 M €	+7.3%	2,4 M €	+43.2%	1,7 M €	+72.0%	979,7 k €	-3.5%	1 M €	-1.7%	1 M €	-8.7%	1,1 M €	+11.1%	1 M €	+34.9%	754,5 k €	+87.6%	402,3 k €	+114%	188,2 k €	-18.2%	230 k €	+101%	114,7 k €	-17.8%	139,6 k €	+4.2%	134 k €	-14.8%	157,2 k €	-15.9%	186,9 k €
Other
Workforce	5,5 ETP	-12.7%	6,3 ETP	-23.2%	8,2 ETP	+7.9%	7,6 ETP	-1.3%	7,7 ETP	0.0%	7,7 ETP	-6.1%	8,2 ETP	+46.4%	5,6 ETP	+33.3%	4,2 ETP	+110%	2,0 ETP	-4.8%	2,1 ETP	+40.0%	1,5 ETP	+36.4%	1,1 ETP	+10.0%	1,0 ETP	-9.1%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	+10.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Bart Spinnoy

Director

Active

Ilse Vanhoorebeek

Director

Active

Ended mandates

Ilse Vanhoorebeek

Director · since 01 mai 2011

Ended

Ilse Vanhoorebeek

Manager · since 01 mai 2011

Ended

Bart Spinnoy

Manager · since 21 août 2008

Ended

Bart Spinnoy

Manager · since 21 février 2008

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2026	04/06/2025	10/07/2024	19/07/2023	29/06/2022	19/08/2021
General meeting	08/07/2026	02/06/2025	09/07/2024	18/07/2023	28/06/2022	18/08/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/07/2026	08/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	04/06/2025	Dutch	PDF
Abridged model	31/12/2023	09/07/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	18/07/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/08/2021	19/08/2021	Dutch	PDF
Abridged model	31/12/2019	24/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	28/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/05/2015	02/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	17/05/2014	Dutch	PDF
Abridged model	31/12/2012	28/03/2013	29/03/2013	Dutch	PDF
Abridged model	31/12/2011	10/03/2012	13/03/2012	Dutch	PDF
Abridged model	31/12/2010	22/04/2011	28/04/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	17/05/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	23/06/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 5 ended

Active mandates

Bart Spinnoy

Director

Active

Ilse Vanhoorebeek

Director

Active

Ended mandates

Ilse Vanhoorebeek

Director · since 01 mai 2011

Ended

Ilse Vanhoorebeek

Manager · since 01 mai 2011

Ended

Bart Spinnoy

Manager · since 21 août 2008

Ended

Bart Spinnoy

Manager · since 21 février 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other13/04/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/02/2011
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares07/05/2008
KAPITAAL - AANDELEN - DIVERSEN
PDF
Other17/03/2008
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 2025227,9 k €↑
2024
Annual accounts 2024118,8 k €↑
2023
Annual accounts 202325 k €↓
2023
Name changeKubigroup
2022
Annual accounts 2022196,8 k €↓
2021
Annual accounts 2021425,4 k €↑
2020
Annual accounts 202056,2 k €↓
2019
Annual accounts 2019108,6 k €↑
2018
Annual accounts 201866,9 k €↑
2017
Annual accounts 201736,2 k €↑
2016
Annual accounts 201619,4 k €↓
2015
Annual accounts 201547,9 k €↑
2014
Annual accounts 201434,9 k €↑
2013
Annual accounts 201326 k €↑
2012
Annual accounts 201213,1 k €↓
2011
Annual accounts 201143,4 k €↑
2010
Annual accounts 201016,8 k €↑
2009
Annual accounts 200973 €↓
2008
Annual accounts 200828,9 k €
06/03/2008
IncorporationPrivate limited company
2008
Name changeBuitenaanleg Spinnoy

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

KUBIGROUP

Overview

What does KUBIGROUP do?

Trend over 18 financial years

Indicative valuation

Board of directors

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