ETS OLIVIER URBAIN ET FRERE
ActiveETS OLIVIER URBAIN ET FRERE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €-32k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 27172 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
20
/ 100
Critical▼ -46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-71
Solvency26▼-18
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.99 in 2024), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
-12%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 27172 sector peers (2025).
NBB · sector comparisonPosition among 27172 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
63 d late
2022
39 d late
2021
11 d early
2020
48 d late
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▼ 35.7%
2024 · €88k
2018: €28k
2019: €56k
2020: €56k
2021: €65k
2022: €71k
2023: €76k
2024: €88k
2018 → 2025
Total assets
€264k▼ 15.4%
2024 · €312k
2018: €186k
2019: €181k
2020: €192k
2021: €223k
2022: €310k
2023: €253k
2024: €312k
2018 → 2025
Net result
€-32k
2024 · €13k
2018: €15k
2019: €27k
2020: €-215
2021: €9k
2022: €7k
2023: €4k
2024: €13k
2018 → 2025
Working capital
€-21k▼ 1,326%
2024 · €-1k
2018: €-5k
2019: €10k
2020: €-4k
2021: €7k
2022: €-19k
2023: €-18k
2024: €-1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€71k▲ 10.1%€76k▲ 6.3%€88k▲ 16.5%€57k▼ 35.7%
Operating result€15k-€9k▼ 39.0%€7k▼ 24.0%€22k▲ 222%€-29k
Net result€9k-€7k▼ 29.7%€4k▼ 32.0%€13k▲ 180%€-32k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €29k after €22k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264k
Fixed assets
€109k▼ 24.6%
Current assets
€155k▼ 7.3%
Equity and liabilities €264k
Equity
€57k▼ 35.7%
Debt
€207k▼ 7.3%
The debt ratio rises from 71.7% to 78.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€9k▼
2024 · €57k
Cash flow
€6k▼
2024 · €47k
Solvency
21.5%▼
2024 · 28.3%
Current ratio
0.88▼
2024 · 0.99
Quick ratio
0.87▼
2024 · 0.96
Debt / equity
3.65▲
2024 · 2.53
ROE
-55.5%▼
2024 · 14.2%
ROA
-12.0%▼
2024 · 4.0%
Interest coverage
2.56▼
2024 · 21.59
Debt
€207k▼
2024 · €224k
Debt ≤ 1 year
€176k▲
2024 · €169k
Debt > 1 year
€32k▼
2024 · €55k
Income taxes
€-824▼
2024 · €7k
Staff costs
€246k▲
2024 · €187k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€312k€264k▼
Fixed assets21/28€145k€109k▼
Tangible fixed assets22/27€145k€109k▼
Land and buildings22€22k€19k▼
Plant, machinery and equipment23€50k€43k▼
Furniture and vehicles24€4k€2k▼
Leasing and similar rights25€69k€45k▼
Current assets29/58€167k€155k▼
Stocks and contracts in progress3€5k€2k▼
Stocks30/36€5k€2k▼
Amounts receivable within one year40/41€136k€143k▲
Trade receivables40€127k€135k▲
Other amounts receivable41€9k€7k▼
Cash at bank and in hand54/58€19k€1k▼
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€312k€264k▼
Equity10/15€88k€57k▼
Contributions10/11€19k€19k=
Reserves13€65k€65k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€64k€64k=
Profit (loss) carried forward14€4k€-27k▼
Amounts payable17/49€224k€207k▼
Amounts payable after more than one year17€55k€32k▼
Financial debts170/4€55k€32k▼
Amounts payable within one year42/48€169k€176k▲
Current portion of amounts payable after more than one year42€30k€23k▼
Financial debts43€0€5k▲
Credit institutions430/8€0€5k▲
Trade debts44€86k€97k▲
Suppliers440/4€86k€97k▲
Advances received on contracts in progress46€20k€2k▼
Taxes, remuneration and social security45€17k€31k▲
Taxes450/3€8k€14k▲
Remuneration and social security454/9€9k€17k▲
Other amounts payable47/48€14k€17k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€187k€246k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€38k▲
Other operating charges640/8€852€2k▲
Gross operating margin9900€244k€256k▲
Operating profit (loss)9901€22k€-29k▼
Financial income75/76B€29€105▲
Recurring financial income75€29€105▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€20k€-32k▼
Income taxes67/77€7k€-824▼
Profit (loss) for the period9904€13k€-32k▼
Profit (loss) for the period to be appropriated9905€13k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-27k▼
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-32k ▼352%
Net result drops to €-32k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €27k ▲80.8%
Operating result €38k, net result €27k, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2023
URBAIN Benoit Emile Marie-Louise
CurrentAdministrateur statutaire · since 21-12-2023
URBAIN Olivier Denise Oscar Ghislain
CurrentAdministrateur statutaire · since 21-12-2023
21-12-2023
URBAIN Benoit Emile Marie-Louise: Resigned as Administrateur statutaire
21-12-2023
URBAIN Benoit Emile Marie-Louise: Appointed as Administrateur statutaire
21-12-2023
URBAIN Olivier Denise Oscar Ghislain: Resigned as Administrateur statutaire
21-12-2023
URBAIN Olivier Denise Oscar Ghislain: Appointed as Administrateur statutaire
21-12-2023
URBAIN Olivier Denise Oscar Ghislain: Appointed as Représentant permanent
Not every act has been read: a resignation may be missing here
1 of this company's 1 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 2001
Ground area
208 m²
Building footprint
57 m²
Volume, LiDAR
614 m³
Parcel 25742A0437/00_000, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée Reine Astrid 30 3, 1420 Braine-l'Alleud
since 20012.097.855.226
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25742A0437/00_000 | Wallonia | 208 m² | 1 · 57 m² | 12.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,475 companies in sector 43222 we hold annual accounts for 5,626. 4,621 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2001
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.