4U
ActiveSummary
4U has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,470 and a net result of €41,328. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency59▲+59
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 0.55 in 2024; short-term debt: 65.8% and cash: 4.7% of total assets), but 65.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.2%
Return on assets
166.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
14 d early
2022
6 d early
2021
32 d early
2020
29 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€8,470
2024 · -€32,858
Total assets
€24,802▼ 41.0%
2024 · €42,054
Net result
€41,328▼ 5.2%
2024 · €43,588
Working capital
€8,267
2024 · -€33,791
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€65,874-€11,862▲ 82.0%€2,072€45,281▲ 2,085%€42,154▼ 6.9%
Net result-€67,539below the sector's middle half-€14,133below the sector's middle half▲ 79.1%-€122below the sector's middle half▲ 99.1%€43,588within the sector's middle half€41,328within the sector's middle half▼ 5.2%
Equity-€62,190below the sector's middle half-€76,323below the sector's middle half▼ 22.7%-€76,445below the sector's middle half▼ 0.2%-€32,858below the sector's middle half▲ 57.0%€8,470below the sector's middle half
Total assets€82,133below the sector's middle half▼ 32.0%€54,797below the sector's middle half▼ 33.3%€22,918below the sector's middle half▼ 58.2%€42,054below the sector's middle half▲ 83.5%€24,802below the sector's middle half▼ 41.0%
Debt€144,323▲ 25.1%€131,120▼ 9.1%€99,363▼ 24.2%€74,912▼ 24.6%€16,332▼ 78.2%
Working capital-€65,313-€78,716▼ 20.5%-€78,108▲ 0.8%-€33,791▲ 56.7%€8,267
Solvency-75.7%below the sector's middle half▼ 80.1pp-139.3%below the sector's middle half▼ 63.6pp-333.6%below the sector's middle half▼ 194.3pp-78.1%below the sector's middle half▲ 255.4pp34.2%within the sector's middle half▲ 112.3pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,802
Fixed assets
€203 ▼ 78.2%
Current assets
€24,599 ▼ 40.2%
Equity and liabilities €24,802
Equity
€8,470
Debt
€16,332
Debt finances 65.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€42,884▼
2024 · €46,011
Cash flow
€42,058▼
2024 · €44,317
Current ratio
1.51▲
2024 · 0.55
Quick ratio
1.22▲
2024 · 0.49
Debt to equity
1.93▲
2024 · -2.28
ROE
487.9%
ROA
166.6%▲
2024 · 103.6%
Interest coverage
51.91▲
2024 · 27.17
Debt ≤ 1 year
€16,332▼
2024 · €74,912
Staff costs
€73,443▼
2024 · €74,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €65,808 | €69,744 | €74,844 | €73,443 | ▼ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,841 | €730 | €730 | €730 | €730 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €469 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €690 | €496 | €715 | €820 | ▲ 14.7% |
| Gross operating margin9900 | €3,067 | €55,365 | €73,043 | €122,039 | €117,147 | ▼ 4.0% |
| Operating profit (loss)9901 | -€65,874 | -€11,862 | €2,072 | €45,281 | €42,154 | ▼ 6.9% |
| Financial income75/76B | - | €13 | €56 | €0 | - | - |
| Recurring financial income75 | €49 | €13 | €56 | €0 | - | - |
| Financial charges65/66B | - | €2,284 | €2,251 | €1,693 | €826 | ▼ 51.2% |
| Recurring financial charges65 | €1,713 | €2,284 | €2,251 | €1,693 | €826 | ▼ 51.2% |
| Profit (loss) for the period before taxes9903 | -€67,539 | -€14,133 | -€122 | €43,588 | €41,328 | ▼ 5.2% |
| Profit (loss) for the period9904 | -€67,539 | -€14,133 | -€122 | €43,588 | €41,328 | ▼ 5.2% |
| Profit (loss) for the period to be appropriated9905 | -€67,539 | -€14,133 | -€122 | €43,588 | €41,328 | ▼ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,133 | €54,797 | €22,918 | €42,054 | €24,802 | ▼ 41.0% |
| Fixed assets21/28 | €3,123 | €2,393 | €1,663 | €933 | €203 | ▼ 78.2% |
| Tangible fixed assets22/27 | €3,123 | €2,393 | €1,663 | €933 | €203 | ▼ 78.2% |
| Plant, machinery and equipment23 | - | €1,553 | €1,071 | €589 | €107 | ▼ 81.9% |
| Furniture and vehicles24 | - | €840 | €592 | €345 | €97 | ▼ 71.9% |
| Current assets29/58 | €79,010 | €52,405 | €21,255 | €41,121 | €24,599 | ▼ 40.2% |
| Stocks and contracts in progress3 | €47,048 | €41,521 | €4,598 | €4,598 | €4,598 | = |
| Stocks30/36 | - | €41,521 | €4,598 | €4,598 | €4,598 | = |
| Amounts receivable within one year40/41 | €14,197 | €8,734 | €14,564 | €33,144 | €18,834 | ▼ 43.2% |
| Trade receivables40 | - | €8,734 | €14,564 | €33,144 | €18,834 | ▼ 43.2% |
| Cash at bank and in hand54/58 | €17,765 | €2,070 | €2,093 | €3,379 | €1,167 | ▼ 65.5% |
| Deferred charges and accrued income490/1 | - | €79 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,133 | €54,797 | €22,918 | €42,054 | €24,802 | ▼ 41.0% |
| Equity10/15 | -€62,190 | -€76,323 | -€76,445 | -€32,858 | €8,470 | ▲ 126% |
| Contributions10/11 | - | €280,414 | €280,414 | €280,414 | €280,414 | = |
| Profit (loss) carried forward14 | -€342,604 | -€356,737 | -€356,859 | -€313,272 | -€271,944 | ▲ 13.2% |
| Amounts payable17/49 | €144,323 | €131,120 | €99,363 | €74,912 | €16,332 | ▼ 78.2% |
| Amounts payable within one year42/48 | €144,323 | €131,120 | €99,363 | €74,912 | €16,332 | ▼ 78.2% |
| Trade debts44 | €52,667 | €18,291 | €2,779 | €2,688 | €2,726 | ▲ 1.4% |
| Suppliers440/4 | - | €18,291 | €2,779 | €2,688 | €2,726 | ▲ 1.4% |
| Taxes, remuneration and social security45 | - | €12,925 | €10,433 | €11,967 | €13,606 | ▲ 13.7% |
| Taxes450/3 | - | €2,763 | €3,161 | €2,242 | €3,602 | ▲ 60.7% |
| Remuneration and social security454/9 | - | €10,163 | €7,272 | €9,725 | €10,004 | ▲ 2.9% |
| Other amounts payable47/48 | - | €99,904 | €86,151 | €60,257 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€67,539 | -€14,133 | -€122 | €43,588 | €41,328 | ▼ 5.2% |
| + Depreciation and write-downs630 | €3,841 | €730 | €730 | €730 | €730 | = |
| Operating cash flow (approximation) | -€63,698 | -€13,403 | €607 | €44,317 | €42,058 | ▼ 5.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€15,695 | €23 | €1,286 | -€2,212 | ▼ 272% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity triplescurrent ratio 1.51
Current ratio from 0.55 to 1.51; short-term debt falls from €74,912 to €16,332.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €43,588
Net result €43,588 after 3 loss-making years.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet -€67,539
Net result drops to -€67,539, the lowest in the series; recovery starts the following year.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €46,025
Net result €46,025 after 2 loss-making years.
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2007
Ground area
4.4 ha
Building footprint
4,500 m²
Volume, LiDAR
19,544 m³
Parcel 43001H0469/00L000, Flanders · tallest building 14.3 m, ±1 floor. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
4U
since 20072.163.271.432
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H0469/00L000 | Flanders | 4.4 ha | 1 · 4,500 m² | 14.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
- BLASCOparent71.52%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 629 companies in sector 22240 we hold annual accounts for 360. 126 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-2007
Fiscal year end30-09
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
41001General construction of residential buildings
81300Landscape service activities
28990Manufacture of machinery and equipment not elsewhere classified
43990Other specialised construction activities
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887140719
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.