EUnited

Active

Int'l non-profit associationfounded 200521 yrs activeKunstlaan 6-9, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 0874.269.908

Summary

EUnited has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €51,768. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 84% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysis Watch Report Compare

EUnitedActiveChecked score 94/100

Risk analysis Report Compare

Checked score

Score 2025

94 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability74▲+3

Solvency100=

Growth52=

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €95,000 at 30 days acceptable

Liquidity ample (current ratio 7.7 against 16.54 in 2024; short-term debt: 12.9% and cash: 28.2% of total assets), and 13.5% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 63

Relative position

BE, all sectors

reference

Computing infrastructure, data processing, hosting and other information service activities (NACE 63)

about 52% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

86.5%

Return on assets

4.4%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

56 d early

2024

159 d late

2023

114 d late

2022

92 d late

2021

388 d late

2020

753 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 242 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 23 November (4 of the last 5 filed years within 171 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

EUnited was incorporated on 1 January 2005.¹ Since 2026, Marco Cardinale has served as chair of the company.² Total assets rose from EUR 984,664 in 2020 to EUR 1.2 million in 2025 and headcount from 1 full-time equivalents in 2020 to 1.8 in 2022.³

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

In the rankings #10 oldest company in Sint-Joost-ten-Node, Telecoms and IT sector

Equity

€1.0m▲ 5.3%

2024 · €967,675

Total assets

€1.2m▲ 14.5%

2024 · €1.0m

Net result

€51,768▲ 139%

2024 · €21,656

Working capital

€1.0m▲ 6.2%

2024 · €958,202

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, 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€68,216▼ 57.5%€9,433▼ 86.2%-€4,878€20,116€49,284▲ 145%

Net result€69,058▼ 56.8%€8,892▼ 87.1%-€3,128€21,656€51,768▲ 139%

Equity€940,255▲ 7.9%€949,147▲ 0.9%€946,020▼ 0.3%€967,675▲ 2.3%€1.0m▲ 5.3%

Total assets€1.1m▲ 7.6%€1.0m▼ 1.6%€1.1m▲ 1.9%€1.0m▼ 3.2%€1.2m▲ 14.5%

Debt€119,311▲ 5.2%€93,456▼ 21.7%€116,898▲ 25.1%€61,651▼ 47.3%€158,803▲ 158%

Working capital€937,698▲ 8.4%€946,752▲ 1.0%€944,768▼ 0.2%€958,202▲ 1.4%€1.0m▲ 6.2%

Solvency88.7%▲ 0.3pp91.0%▲ 2.3pp89.0%▼ 2.0pp94.0%▲ 5.0pp86.5%▼ 7.5pp

Current ratio8.86▲ 0.2311.13▲ 2.279.08▼ 2.0516.54▲ 7.467.70▼ 8.85

Return on assets (ROA)6.5%▼ 9.7pp0.9%▼ 5.7pp-0.3%▼ 1.1pp2.1%▲ 2.4pp4.4%▲ 2.3pp

Staff (FTE)1.8

above within below the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 145% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.2m

99.2%

Fixed assets €9,034 ▼ 4.6%

Current assets €1.2m ▲ 14.6%

Equity and liabilities €1.2m

86.5%

13.5%

Equity €1.0m ▲ 5.3%

Debt €158,803 ▲ 158%

Debt's share of the balance-sheet total rises from 6.0% to 13.5%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€50,653▲

2024 · €21,710

Cash flow

€53,137▲

2024 · €23,250

Debt to equity

0.16▲

2024 · 0.06

ROE

5.1%▲

2024 · 2.2%

Interest coverage

133.21▲

2024 · 27.14

Debt ≤ 1 year

€151,903▲

2024 · €61,651

Income taxes

€1,852▼

2024 · €2,594

Staff costs

€155,872▲

2024 · €122,085

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.2% went bankrupt

3.5% stopped otherwise

96% 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 < 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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%	1.7%
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 75% 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 14,733 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.0m€1.2m▲

Fixed assets21/28€9,473€9,034▼

Tangible fixed assets22/27€3,473€3,034▼

Plant, machinery and equipment23€3,038€3,034▼

Furniture and vehicles24€435-

Financial fixed assets28€6,000€6,000=

Current assets29/58€1.0m€1.2m▲

Amounts receivable within one year40/41€101,656€69,227▼

Trade receivables40€80,406€60,148▼

Other amounts receivable41€21,250€9,078▼

Current investments50/53€797,096€750,264▼

Cash at bank and in hand54/58€111,096€332,854▲

Deferred charges and accrued income490/1€10,006€16,868▲

Equity and liabilities

Total equity and liabilities10/49€1.0m€1.2m▲

Equity10/15€967,675€1.0m▲

Profit (loss) carried forward14€967,675€1.0m▲

Amounts payable17/49€61,651€158,803▲

Amounts payable within one year42/48€61,651€151,903▲

Trade debts44€49,801€134,216▲

Suppliers440/4€49,801€134,216▲

Taxes, remuneration and social security45€11,850€17,688▲

Remuneration and social security454/9€11,850€17,688▲

Accrued charges and deferred income492/3-€6,900

Income statement Code20242025

Non-recurring operating income76A-€151

Remuneration, social security and pensions62€122,085€155,872▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,595€1,369▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2,750-€3,358▼

Other operating charges640/8€1,500€27,850▲

Non-recurring operating charges66A-€722

Gross operating margin9900€148,045€231,739▲

Operating profit (loss)9901€20,116€49,284▲

Financial income75/76B€4,934€4,716▼

Recurring financial income75€4,934€4,716▼

Financial charges65/66B€800€380▼

Recurring financial charges65€800€380▼

Profit (loss) for the period before taxes9903€24,250€53,620▲

Income taxes67/77€2,594€1,852▼

Profit (loss) for the period9904€21,656€51,768▲

Profit (loss) for the period to be appropriated9905€21,656€51,768▲

Appropriation of the result

Profit (loss) to be appropriated9906€967,675€1.0m▲

Profit (loss) brought forward from the previous period14P€946,020€967,675▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	-	-	-	-	€151	-
Remuneration, social security and pensions62	€52,211	€108,224	€115,932	€122,085	€155,872	▲ 27.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€5,578	€1,306	€1,143	€1,595	€1,369	▼ 14.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	€6,000	€12,000	€2,750	-€3,358	▼ 222%
Other operating charges640/8	€3,685	€3,987	€1,020	€1,500	€27,850	▲ 1,757%
Non-recurring operating charges66A	-	-	-	-	€722	-
Gross operating margin9900	€129,689	€128,950	€125,216	€148,045	€231,739	▲ 56.5%
Operating profit (loss)9901	€68,216	€9,433	-€4,878	€20,116	€49,284	▲ 145%
Financial income75/76B	€1,228	€1	€3,076	€4,934	€4,716	▼ 4.4%
Recurring financial income75	€1,228	€1	€3,076	€4,934	€4,716	▼ 4.4%
Financial charges65/66B	€386	€541	€403	€800	€380	▼ 52.5%
Recurring financial charges65	€386	€541	€403	€800	€380	▼ 52.5%
Profit (loss) for the period before taxes9903	€69,058	€8,892	-€2,206	€24,250	€53,620	▲ 121%
Income taxes67/77	-	-	€922	€2,594	€1,852	▼ 28.6%
Profit (loss) for the period9904	€69,058	€8,892	-€3,128	€21,656	€51,768	▲ 139%
Profit (loss) for the period to be appropriated9905	€69,058	€8,892	-€3,128	€21,656	€51,768	▲ 139%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.1m	€1.0m	€1.1m	€1.0m	€1.2m	▲ 14.5%
Fixed assets21/28	€2,558	€2,395	€1,252	€9,473	€9,034	▼ 4.6%
Tangible fixed assets22/27	€2,558	€2,395	€1,252	€3,473	€3,034	▼ 12.6%
Plant, machinery and equipment23	€817	€1,089	€381	€3,038	€3,034	▼ 0.1%
Furniture and vehicles24	€1,741	€1,306	€871	€435	-	-
Financial fixed assets28	-	-	-	€6,000	€6,000	=
Current assets29/58	€1.1m	€1.0m	€1.1m	€1.0m	€1.2m	▲ 14.6%
Amounts receivable within one year40/41	€31,014	€108,428	€29,402	€101,656	€69,227	▼ 31.9%
Trade receivables40	€21,503	€97,898	€19,457	€80,406	€60,148	▼ 25.2%
Other amounts receivable41	€9,510	€10,530	€9,945	€21,250	€9,078	▼ 57.3%
Current investments50/53	€749,990	€750,000	€1.0m	€797,096	€750,264	▼ 5.9%
Cash at bank and in hand54/58	€274,501	€175,103	€20,264	€111,096	€332,854	▲ 200%
Deferred charges and accrued income490/1	€1,504	€6,678	€9,849	€10,006	€16,868	▲ 68.6%
Equity and liabilities
Total equity and liabilities10/49	€1.1m	€1.0m	€1.1m	€1.0m	€1.2m	▲ 14.5%
Equity10/15	€940,255	€949,147	€946,020	€967,675	€1.0m	▲ 5.3%
Profit (loss) carried forward14	€940,255	€949,147	€946,020	€967,675	€1.0m	▲ 5.3%
Amounts payable17/49	€119,311	€93,456	€116,898	€61,651	€158,803	▲ 158%
Amounts payable within one year42/48	€119,311	€93,456	€116,898	€61,651	€151,903	▲ 146%
Trade debts44	€113,697	€80,336	€105,417	€49,801	€134,216	▲ 170%
Suppliers440/4	€113,697	€80,336	€105,417	€49,801	€134,216	▲ 170%
Taxes, remuneration and social security45	€5,614	€13,121	€11,482	€11,850	€17,688	▲ 49.3%
Remuneration and social security454/9	€5,614	€13,121	€11,482	€11,850	€17,688	▲ 49.3%
Accrued charges and deferred income492/3	-	-	-	-	€6,900	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€69,058	€8,892	-€3,128	€21,656	€51,768	▲ 139%
+ Depreciation and write-downs630	€5,578	€1,306	€1,143	€1,595	€1,369	▼ 14.1%
Operating cash flow (approximation)	€74,636	€10,199	-€1,984	€23,250	€53,137	▲ 129%
Investment in fixed assets (approximation)	-	-€1,144	€0	-€9,816	-€930	▲ 90.5%
Change in cash	-	-€99,398	-€154,839	€90,831	€221,758	▲ 144%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Financial 3Gazette 1Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

07-09

State Gazette act Resignation: Rudolphus ROSENKAMP (director and chair)

Appointment: Marco CARDINALE (chair)7 facts ▸

General meeting, 02-06-2026
Director resignation, Rudolphus ROSENKAMP (director and chair)
Director appointment, Marco CARDINALE (chair)
Board composition, Marco CARDINALE (chair and director)
Board composition, Aurelio LEMOS VILLANUEVA (vice-chair and director)
Board composition, Frank DIEDRICH (représentant de vdma et administrateur)
Board composition, Maitane OLABARRIA UZQUIANO (directrice exécutive et administrateur)

05-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

06-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 159 days late

2025

31-12

Financial Equity above €1mEq €1.0m ▲5.3%

2 profitable years in a row build equity to €1.0m.

2024

31-12

Financial Back to profitnet €21,656

Net result €21,656 after one loss-making year.

22-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 114 days late

2023

31-12

Financial Weakest financial yearnet -€3,128

Net result drops to -€3,128, the lowest in the series; recovery starts the following year.

31-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 92 days late

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 388 days late

23-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 753 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 16 acts read

About the unread acts

Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2026

Marco Cardinale

Chair · since 07-09-2026

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

15 of this company's 16 Belgian State Gazette acts have 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, Sint-Joost-ten-Node · 1 establishment unit since 2005

seat establishment The establishment unit on the map

Ground area

1,978 m²

Building footprint

1,248 m²

Volume, LiDAR

35,787 m³

Parcel 21572B0357/00M000, Brussels · tallest building 42.2 m, ±12 floors. Linked by address, not a title deed.

1 establishment unit

EUnited

Kunstlaan 6-9, 1210 Sint-Joost-ten-NodeLibraries, archives, museums and other cultural activities

since 20052.220.645.843

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21572B0357/00M000 ProtectedMonumentEigen huis van de architect Jean-Pierre CluysenaarSource ↗	Brussels	1,978 m²	1 · 1,248 m²	42.2 m · 12 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.

1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

2 people since 2026, 1 in office

All 2 In office 1 Ended 1

Board
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Marco Cardinale	Chair, from 07-09-2026 to date
Rudolphus ROSENKAMP	Director and chair, until 07-09-2026

See the board, name and seat on a given date →

Articles of association

Who signs

“Le conseil d'administration est dès lors composé comme suit: - Marco CARDINALE (Président et administrateur); Aurelio LEMOS VILLANUEVA (Vice-Président et administrateur); -Frank DIEDRICH (Représentant de VDMA et administrateur); -Maitane OLABARRIA UZQUIANO (Directrice Exécutive et administrateur).…”

Full text

Le conseil d'administration est dès lors composé comme suit: - Marco CARDINALE (Président et administrateur); Aurelio LEMOS VILLANUEVA (Vice-Président et administrateur); -Frank DIEDRICH (Représentant de VDMA et administrateur); -Maitane OLABARRIA UZQUIANO (Directrice Exécutive et administrateur). Conformément à l'article 22 des statuts, l'association sera valablement représentée vis-å-vis des tiers et concernant tous les actes par le Président du conseil d'administration agissant seul ou par deux administrateurs agissant conjointement. Les procédures judiciaires seront conduites, en tant que demandeur et en tant que défendeur, par le conseil d'administration représenté par le Président agissant seul ou par deux administrateurs agissant conjointement.

according to the deed of 07-09-2026

Structure & network

Connections & network

1 current director

Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Public money · subsidies and aid

European research

4 projects · 630,489 EUR EU contribution

Programmes

Seventh Framework Programme

2 entries · 466,299 EUR

Horizon 2020

2 entries · 164,190 EUR

Projects

European Robotics Coordination Action

Seventh Framework Programme · participant · 01-01-2010 to 31-12-2012 · 307,625 EUR · euRobotics

Composable Models and Software for Robotics Systems

Horizon 2020 · participant · 01-01-2017 to 31-12-2020 · 164,190 EUR · RobMoSys

Robotics Coordination Action for Europe

Seventh Framework Programme · participant · 17-01-2013 to 16-07-2016 · 158,674 EUR · RockEU

Harmonised assessment of regulatory bottlenecks and standardisation needs for the process industry

Horizon 2020 · participant · 01-08-2017 to 31-10-2019 · HARMONI

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Of 3,149 companies in sector 63920 we hold annual accounts for 1,525. 720 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formInt'l non-profit association

Founded01-01-2005

Fiscal year end31-12

Activities, NACEBEL 2025

63920Other information service activities

94110Activities of business and employers' organisations

82990Other business support services

Contact

Phone 027068209Sint-Joost-ten-Node

Phone 0490 57 57 65Sint-Joost-ten-Node

E-invoicing

Reachable via Peppol

Peppol ID 0208:0874269908

Also 9925:BE0874269908

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.