L'Union
ActiveL'Union has been active since 1908 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-44k) and a net result of €151. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 5% of 13090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
8
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.07 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 56
Relative position
BE, all sectors
reference
Sector 56
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
-264.6%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 13090 sector peers (2025).
NBB · sector comparisonPosition among 13090 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
36 d early
2023
127 d early
2022
89 d early
2021
90 d early
2020
52 d late
2019
77 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-44k▲ 0.3%
2024 · €-44k
2018: €-29k
2019: €-26k
2020: €-27k
2021: €-32k
2022: €-39k
2023: €-46k
2024: €-44k
2018 → 2025
Total assets
€17k▲ 3.3%
2024 · €16k
2018: €14k
2019: €14k
2020: €13k
2021: €12k
2022: €16k
2023: €15k
2024: €16k
2018 → 2025
Net result
€151▼ 91.3%
2024 · €2k
2018: €-103
2019: €3k
2020: €-1k
2021: €-5k
2022: €-6k
2023: €-8k
2024: €2k
2018 → 2025
Working capital
€-56k▲ 0.5%
2024 · €-56k
2018: €-43k
2019: €-39k
2020: €-40k
2021: €-45k
2022: €-51k
2023: €-58k
2024: €-56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-32k-€-39k▼ 20.0%€-46k▼ 19.7%€-44k▲ 3.8%€-44k▲ 0.3%
Operating result€-4k-€-5k▼ 40.7%€-7k▼ 31.6%€2k€301▼ 83.9%
Net result€-5k-€-6k▼ 22.6%€-8k▼ 18.1%€2k€151▼ 91.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€12k▼ 1.3%
Current assets
€5k▲ 16.2%
Key figures and ratios
EBITDA
€454▼
2024 · €2k
Cash flow
€304▼
2024 · €2k
Solvency
-264.6%▲
2024 · -274.2%
Current ratio
0.08▲
2024 · 0.07
Quick ratio
0.08▲
2024 · 0.07
Debt / equity
-1.38▼
2024 · -1.36
ROE
-0.3%▲
2024 · -3.9%
ROA
0.9%▼
2024 · 10.7%
Interest coverage
3.02▼
2024 · 14.21
Debt
€61k▲
2024 · €61k
Debt ≤ 1 year
€61k▲
2024 · €61k
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€16k€17k▲
Fixed assets21/28€12k€12k▼
Tangible fixed assets22/27€12k€12k▼
Land and buildings22€12k€12k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Current assets29/58€4k€5k▲
Amounts receivable within one year40/41€0€20▲
Trade receivables40€0€20▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€776€776=
Equity and liabilities
Total equity and liabilities10/49€16k€17k▲
Equity10/15€-44k€-44k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€5k€5k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€2k€2k=
Reserves not available under the articles1311-€2k
Other1319€2k-
Tax-exempt reserves132€695€695=
Profit (loss) carried forward14€-68k€-68k▲
Amounts payable17/49€61k€61k▲
Amounts payable within one year42/48€61k€61k▲
Trade debts44€14k€14k▲
Suppliers440/4€14k€14k▲
Other amounts payable47/48€46k€46k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153€153=
Other operating charges640/8€387€519▲
Gross operating margin9900€2k€973▼
Operating profit (loss)9901€2k€301▼
Financial charges65/66B€142€150▲
Recurring financial charges65€142€150▲
Profit (loss) for the period before taxes9903€2k€151▼
Profit (loss) for the period9904€2k€151▼
Profit (loss) for the period to be appropriated9905€2k€151▼
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-68k▲
Profit (loss) brought forward from the previous period14P€-70k€-68k▲
The notes to these accounts (5 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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-01-2025
André LEJEUNE: Resigned as Director
30-01-2025
Dilek KELLECІ: Resigned as Director
30-01-2025
Francis DEJON: Resigned as Director
30-01-2025
Jean-François WANTEN: Resigned as Director
30-01-2025
Jean-Michel ROUFFART: Resigned as Director
30-01-2025
Marie-Eve HAIDON: Resigned as Director
30-01-2025
Marie-Jeanne GEORGIEN: Resigned as Director
30-01-2025
Pascal FIERENS: Resigned as Director
30-01-2025
Pierre BRICTEUX: Resigned as Director
30-01-2025
Thierry BELTRAN: Resigned as Director
07-10-2020
Angélique VANDERHAEGEN: Resigned as Director
07-10-2020
Caroline JACQUES: Resigned as Director
07-10-2020
Céline JACQUES: Resigned as Director
07-10-2020
Eric STASSAIN: Resigned as Director
23-05-2014
Croce ALFIERI: Resigned as Director
Location & real-estate footprint
Registered office, Saint-Georges-sur-Meuse · 1 establishment unit since 1909
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Reine Astrid 694470 Saint-Georges-sur-MeuseGround area
978 m²
Building footprint
157 m²
Volume, LiDAR
1,997 m³
Parcel 64065B0735/00V004, Wallonia · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Reine Astrid 69, 4470 Saint-Georges-sur-Meuse
since 19092.006.649.193
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065B0735/00V004 ProtectedMonument |
Wallonia | 978 m² | 1 · 157 m² | 14.2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Awans
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 14,028 companies in sector 56301 we hold annual accounts for 4,894.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap (oud statuut)
Founded31-05-1908
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
90311Arts creation and performing arts activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.