U & D
ActiveSummary
The computed 12-month bankruptcy probability of U & D is 1.7% (moderate). The 2024 annual accounts show negative equity (-€14,211) and a net result of -€5,144. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.07 against 1.74 in 2023; short-term debt: 84.4% and cash: 7.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-48.4%
Return on assets
-17.5%
Age of the figures
21 mo
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
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€14,211
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
50 d early
2022
39 d early
2021
48 d early
2020
46 d early
2019
44 d early
← 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 45 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€14,211▼ 56.7%
2023 · -€9,067
Total assets
€29,351▲ 39.4%
2023 · €21,058
Net result
-€5,144
2023 · €45,491
Working capital
€1,850▼ 78.1%
2023 · €8,432
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€33,795▲ 5,216%€9,337▼ 72.4%€2,263▼ 75.8%€19,588▲ 766%-€3,885
Net result€30,066above the sector's middle half-€1,275below the sector's middle half-€1,531below the sector's middle half▼ 20.1%€45,491above the sector's middle half-€5,144below the sector's middle half
Equity€26,955within the sector's middle half€11,135below the sector's middle half▼ 58.7%€9,604below the sector's middle half▼ 13.7%-€9,067below the sector's middle half-€14,211below the sector's middle half▼ 56.7%
Total assets€114,633within the sector's middle half▲ 2.2%€70,512within the sector's middle half▼ 38.5%€33,403below the sector's middle half▼ 52.6%€21,058below the sector's middle half▼ 37.0%€29,351below the sector's middle half▲ 39.4%
Debt€87,677▼ 23.9%€59,378▼ 32.3%€23,799▼ 59.9%€30,125▲ 26.6%€43,563▲ 44.6%
Working capital€41,208within the sector's middle half▲ 268%€24,852within the sector's middle half▼ 39.7%€27,103within the sector's middle half▲ 9.1%€8,432within the sector's middle half▼ 68.9%€1,850below the sector's middle half▼ 78.1%
Solvency23.5%within the sector's middle half▲ 26.3pp15.8%below the sector's middle half▼ 7.7pp28.8%within the sector's middle half▲ 13.0pp-43.1%below the sector's middle half▼ 71.8pp-48.4%below the sector's middle half▼ 5.4pp
Current ratio2.01within the sector's middle half▲ 0.812.03within the sector's middle half▲ 0.026.42above the sector's middle half▲ 4.391.74within the sector's middle half▼ 4.671.07below the sector's middle half▼ 0.67
Return on assets (ROA)26.2%above the sector's middle half▲ 32.3pp-1.8%below the sector's middle half▼ 28.0pp-4.6%below the sector's middle half▼ 2.8pp216.0%above the sector's middle half▲ 220.6pp-17.5%below the sector's middle half▼ 233.6pp
Staff (FTE)3.7above the sector's middle half▼ 40.3%2.5▼ 32.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 turns negative in 2024: a loss of €3,885 after €19,588 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €29,351
Fixed assets
€2,734 ▲ 111%
Current assets
€26,618 ▲ 34.7%
Key figures and ratios
EBITDA
-€2,909
Cash flow
-€4,168
Debt to equity
-3.07▲
2023 · -3.32
Interest coverage
-2.04
Debt ≤ 1 year
€24,767▲
2023 · €11,330
Debt > 1 year
€18,795=
2023 · €18,795
Income taxes
-€165▼
2023 · €5,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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%.
| 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 6,639 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,447 | - | - | - |
| Remuneration, social security and pensions62 | - | €34,931 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,046 | €10,066 | - | - | €977 | - |
| Other operating charges640/8 | - | €5,806 | €448 | €1,811 | €406 | ▼ 77.6% |
| Non-recurring operating charges66A | - | €440 | - | - | €11,450 | - |
| Gross operating margin9900 | €125,376 | €60,580 | €2,710 | €21,398 | €8,947 | ▼ 58.2% |
| Operating profit (loss)9901 | €33,795 | €9,337 | €2,263 | €19,588 | -€3,885 | ▼ 120% |
| Financial income75/76B | - | €6 | €0 | - | - | - |
| Recurring financial income75 | €19 | €6 | €0 | - | - | - |
| Financial charges65/66B | - | €2,353 | €615 | €486 | €1,424 | ▲ 193% |
| Recurring financial charges65 | €2,729 | €2,353 | €615 | €486 | €1,424 | ▲ 193% |
| Profit (loss) for the period before taxes9903 | €31,084 | €6,989 | €1,648 | €19,101 | -€5,310 | ▼ 128% |
| Transfer from deferred taxes780 | - | €14,545 | - | €32,081 | - | - |
| Transfer to deferred taxes680 | - | €15,000 | - | - | - | - |
| Income taxes67/77 | €1,018 | €7,810 | €3,179 | €5,691 | -€165 | ▼ 103% |
| Profit (loss) for the period9904 | €30,066 | -€1,275 | -€1,531 | €45,491 | -€5,144 | ▼ 111% |
| Profit (loss) for the period to be appropriated9905 | €30,066 | -€1,275 | -€1,531 | €45,491 | -€5,144 | ▼ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,633 | €70,512 | €33,403 | €21,058 | €29,351 | ▲ 39.4% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €32,435 | €21,428 | €1,296 | €1,296 | €2,734 | ▲ 111% |
| Tangible fixed assets22/27 | €30,639 | €20,132 | - | €0 | €1,438 | - |
| Land and buildings22 | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €1,438 | - |
| Leasing and similar rights25 | - | €20,132 | - | - | - | - |
| Financial fixed assets28 | €1,796 | €1,296 | €1,296 | €1,296 | €1,296 | = |
| Current assets29/58 | €82,198 | €49,084 | €32,107 | €19,762 | €26,618 | ▲ 34.7% |
| Amounts receivable within one year40/41 | €72,350 | €39,428 | €29,499 | €14,105 | €24,379 | ▲ 72.8% |
| Trade receivables40 | - | €6,924 | - | €11,450 | €11,700 | ▲ 2.2% |
| Other amounts receivable41 | - | €32,504 | €29,499 | €2,655 | €12,679 | ▲ 378% |
| Cash at bank and in hand54/58 | €6,328 | €6,070 | €2,607 | €5,657 | €2,239 | ▼ 60.4% |
| Deferred charges and accrued income490/1 | - | €3,586 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,633 | €70,512 | €33,403 | €21,058 | €29,351 | ▲ 39.4% |
| Equity10/15 | €26,955 | €11,135 | €9,604 | -€9,067 | -€14,211 | ▼ 56.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | €48,486 | €33,941 | €33,941 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €33,941 | €33,941 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €32,081 | €32,081 | - | €1,860 | - |
| Profit (loss) carried forward14 | -€27,731 | -€29,006 | -€30,537 | -€17,127 | -€22,271 | ▼ 30.0% |
| Amounts payable17/49 | €87,677 | €59,378 | €23,799 | €30,125 | €43,563 | ▲ 44.6% |
| Amounts payable after more than one year17 | €46,687 | €35,146 | €18,795 | €18,795 | €18,795 | = |
| Financial debts170/4 | - | €35,146 | €18,795 | €18,795 | €18,795 | = |
| Amounts payable within one year42/48 | €40,990 | €24,232 | €5,004 | €11,330 | €24,767 | ▲ 119% |
| Current portion of amounts payable after more than one year42 | - | €11,542 | - | - | - | - |
| Financial debts43 | - | - | €8 | €91 | €9,981 | ▲ 10,852% |
| Credit institutions430/8 | - | - | €8 | €91 | €9,981 | ▲ 10,852% |
| Trade debts44 | €27,439 | €12,090 | €4,896 | €6,023 | €10,787 | ▲ 79.1% |
| Suppliers440/4 | - | €12,090 | €4,896 | €6,023 | €10,787 | ▲ 79.1% |
| Advances received on contracts in progress46 | - | - | - | - | €4,000 | - |
| Taxes, remuneration and social security45 | - | €600 | €100 | €5,215 | - | - |
| Taxes450/3 | - | €600 | €100 | €5,215 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,066 | -€1,275 | -€1,531 | €45,491 | -€5,144 | ▼ 111% |
| + Depreciation and write-downs630 | €11,046 | €10,066 | - | - | €977 | - |
| Operating cash flow (approximation) | €41,112 | €8,791 | -€1,531 | €45,491 | -€4,168 | ▼ 109% |
| Investment in fixed assets (approximation) | - | €940 | €20,132 | €0 | -€2,414 | - |
| Change in cash | - | -€258 | -€3,463 | €3,050 | -€3,418 | ▼ 212% |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €45,491
Net result €45,491 after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 6.42
Current ratio from 2.03 to 6.42; short-term debt falls from €24,232 to €5,004.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €30,066
Net result €30,066 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€6,805
Net result drops to -€6,805, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lokeren · 1 establishment unit since 2005
Ground area
298 m²
Building footprint
91 m²
Volume, LiDAR
800 m³
Parcel 46382B0420/00V000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
U & D
since 20052.149.570.775
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0420/00V000 | Flanders | 298 m² | 1 · 91 m² | 11.9 m · 3 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.
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,233. 1,464 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
Founded14-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876690255
Also
9925:BE0876690255
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.