Result
€379,161 ▲ 198%
The result rose in 2025 from €127,075 to €379,161.
U-PARTS
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €3.8m (2022)
€3.2m
lowest -€113,274 (2023)
€379,161▲ 198%
peak €1.6m (2025)
€1.6m▲ 9.5%
€2.8m▼ 14.9%
peak 36 FTE (2022)
31.8 FTE▼ 1.2%
Board3 names since 2017
2 directorsWulvinvest BV and 1 other
Owners2 names in the annual accounts
99.99%Fundamentals Invest
Documentsfilings and deeds
11-08-202611 days late
2025financial year
Result from €127,075 to €379,161
Key points
from the 2025 annual accountsTurnover
≈ €5.5m estimated
The accounts state no turnover.
Investments
€123,959 0.3 × depreciation
Green is investment, beige is depreciation.
Staff
33 employees on 31-12-2025
In 2025, 5 people joined and 5 left.
Filings
48 annual accounts since 1978
Seven of the last ten came late. The 2021 accounts came latest: 26 days after the end of the period.
Position in the sector
€3.2m
Higher gross margin than 95% of companies in fabricated metal products. Sector median €726,982 · 528 companies.
Checked score
84
Excellent
Financially stronger than 48% of small companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▼ -0.4 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.5%▼ -0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.2%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.8 percentage points vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.38, cash €74,027
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Founded in 1973
Profit of €379,161 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 40% of them on solvency, 10% on liquidity, 74% on profitability and 66% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as U-PARTS has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of U-PARTS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for U-PARTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.32 in 2024), below the usual 1.5. Short-term debt is 61.6% and cash 1.7% of total assets. 63.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 11 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
11 days late
2024
16 days early
2023
23 days late
2022
10 days late
2021
26 days late
2020
20 days late
2019
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
WB
Wulvinvest BV
Director, Windels Céderic, since 13-06-2023
- Fundamentals Invest 99.99%score 93equity €2.4m (2025) · 2025 annual accounts of Fundamentals Invest
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412921575
Appointment: V.R.C. Bedrijfsrevisoren (statutory auditor)
General meeting of 22-12-2023 · Gazette deed
2 directors reappointed
Fundamentals Invest BV and Wulvinvest BV · Permanent representatives: Verbrugge Michel and Windels Céderic · Gazette deed
New establishment in Ypres
Rozendaalstraat 24
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| U-PARTS Ypres | €4.4m | €3.2m | 36.2% | 31.8 |
| Erogal Staden | €6.1m | €2.6m | 34.2% | 33.8 |
| DEFORCHE ENGINEERING Moorslede | €6.2m | €3.3m | 56.8% | 23.9 |
| PLATTEAU Poperinge | €3.9m | €2.1m | 32.7% | 24.3 |
| Facim Essen | €4.2m | €2.5m | 12.6% | 27.4 |
| MOCKEL Baelen | €5.9m | €3.0m | 28.3% | 38.1 |
| LIMBURGS GALVANO TECHNISCH BEDRIJF Hasselt | €4.7m | €3.8m | 21.1% | 31.1 |
These companies have the same main activity as U-PARTS: machining of metals (NACE 25530). They are comparable in size and age: total assets between €3.9m and €6.2m, founded between 1968 and 1986.
Official details
Source: KBO- Status
- Active since 01-01-1973Normal situation
- Activity
- Machining of metalsNACE 25530
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment units
- 2.037.661.9748900 Ypres, since 01-03-1973
- 2.314.589.7498900 Ypres, since 15-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 07-12-2025
Insights on U-PARTS
U-PARTS has existed since 1973. The gross margin grew from €1.5m in 2006 to €3.2m in 2025 and staff from 22.8 to 31.8 full-time equivalents.
Solvency rose in 2025 from 30.6% to 36.2% because of the retained profit and lower debts.
Fundamentals Invest holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about U-PARTS
- What is the company number of U-PARTS?
- The company number of U-PARTS is 0412.921.575. The VAT number is the same number with BE in front: BE 0412.921.575.
- Where is U-PARTS based?
- The registered office is at Rozendaalstraat 35, 8900 Ypres.Company details
- What does U-PARTS do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of U-PARTS?
- U-PARTS is a public limited company (NV).
- When was U-PARTS founded?
- U-PARTS was founded on 01-01-1973.
- Is U-PARTS still active?
- Yes, U-PARTS is an active enterprise in the KBO register.
- How many employees does U-PARTS have?
- U-PARTS had an average of 31.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does U-PARTS fall under?
- In its 2025 annual accounts, U-PARTS states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of U-PARTS?
- The turnover in financial year 2025 is ≈ €5.5m. This figure is estimated from the gross margin of €3.2m and 1,586 comparable companies of the same size. It probably lies between €3.7m and €9.1m. It is a rough estimate. In financial year 2024 turnover was €8.3m.
- Is U-PARTS profitable?
- In financial year 2025, U-PARTS made a profit of €379,161.
- Where can I find the annual accounts of U-PARTS?
- U-PARTS filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of U-PARTS due?
- U-PARTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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