U-Projects
ActiveSummary
U-Projects has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,390 and a net result of €4,390. Equity is growing by ~6.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency30▲+1
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.01 in 2024; short-term debt: 55.7% and cash: 1.2% of total assets), and 95.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.7%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 30-04-2026, 92 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
92 d early
2024
49 d early
2023
44 d early
2022
32 d early
2021
46 d early
2020
36 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 47 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 15 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€43,390▲ 11.3%
2024 · €39,000
Total assets
€916,322▼ 4.5%
2024 · €959,730
Net result
€4,390▼ 48.3%
2024 · €8,488
Working capital
-€498,921▲ 0.5%
2024 · -€501,189
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,362€10,028▲ 36.2%€13,113▲ 30.8%€16,972▲ 29.4%€11,984▼ 29.4%
Net result-€1,431▲ 87.3%€151€3,778▲ 2,400%€8,488▲ 125%€4,390▼ 48.3%
Equity€26,583▼ 5.1%€26,734▲ 0.6%€30,512▲ 14.1%€39,000▲ 27.8%€43,390▲ 11.3%
Total assets€1.1m▼ 4.4%€1.1m▼ 4.4%€1.0m▼ 4.8%€959,730▼ 4.7%€916,322▼ 4.5%
Debt€1.1m▼ 4.4%€1.0m▼ 4.6%€976,048▼ 5.3%€920,730▼ 5.7%€872,933▼ 5.2%
Working capital-€511,826=-€512,228▼ 0.1%-€508,452▲ 0.7%-€501,189▲ 1.4%-€498,921▲ 0.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €916,322
Fixed assets
€905,194 ▼ 5.0%
Current assets
€11,129 ▲ 65.9%
Equity and liabilities €916,322
Equity
€43,390 ▲ 11.3%
Debt
€872,933 ▼ 5.2%
Debt's share of the balance-sheet total falls from 95.9% to 95.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,814▼
2024 · €64,802
Cash flow
€52,220▼
2024 · €56,318
Current ratio
0.02▲
2024 · 0.01
Debt to equity
20.12▼
2024 · 23.61
ROE
10.1%▼
2024 · 21.8%
ROA
0.5%▼
2024 · 0.9%
Interest coverage
7.88▲
2024 · 7.64
Debt ≤ 1 year
€510,049▲
2024 · €507,896
Debt > 1 year
€356,593▼
2024 · €406,677
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,599 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 1,599 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,830 | €47,830 | €47,830 | €47,830 | €47,830 | = |
| Other operating charges640/8 | €9,850 | €10,098 | €11,070 | €11,491 | €11,849 | ▲ 3.1% |
| Gross operating margin9900 | €65,042 | €67,956 | €72,013 | €76,293 | €71,663 | ▼ 6.1% |
| Operating profit (loss)9901 | €7,362 | €10,028 | €13,113 | €16,972 | €11,984 | ▼ 29.4% |
| Financial charges65/66B | €8,793 | €9,877 | €9,335 | €8,484 | €7,594 | ▼ 10.5% |
| Recurring financial charges65 | €8,793 | €9,877 | €9,335 | €8,484 | €7,594 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | -€1,431 | €151 | €3,778 | €8,488 | €4,390 | ▼ 48.3% |
| Profit (loss) for the period9904 | -€1,431 | €151 | €3,778 | €8,488 | €4,390 | ▼ 48.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,431 | €151 | €3,778 | €8,488 | €4,390 | ▼ 48.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €959,730 | €916,322 | ▼ 4.5% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €953,024 | €905,194 | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | €953,024 | €905,194 | ▼ 5.0% |
| Land and buildings22 | €1.1m | €1.0m | €1.0m | €953,024 | €905,194 | ▼ 5.0% |
| Current assets29/58 | €10,591 | €9,163 | €5,707 | €6,706 | €11,129 | ▲ 65.9% |
| Amounts receivable within one year40/41 | €3,567 | - | - | - | - | - |
| Trade receivables40 | €3,567 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €7,023 | €9,163 | €5,707 | €6,706 | €11,129 | ▲ 65.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €959,730 | €916,322 | ▼ 4.5% |
| Equity10/15 | €26,583 | €26,734 | €30,512 | €39,000 | €43,390 | ▲ 11.3% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Capital10 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Issued capital100 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Profit (loss) carried forward14 | -€43,417 | -€43,266 | -€39,488 | -€31,000 | -€26,610 | ▲ 14.2% |
| Amounts payable17/49 | €1.1m | €1.0m | €976,048 | €920,730 | €872,933 | ▼ 5.2% |
| Amounts payable after more than one year17 | €552,882 | €504,812 | €456,080 | €406,677 | €356,593 | ▼ 12.3% |
| Financial debts170/4 | €552,882 | €504,812 | €456,080 | €406,677 | €356,593 | ▼ 12.3% |
| Amounts payable within one year42/48 | €522,417 | €521,391 | €514,159 | €507,896 | €510,049 | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | €47,417 | €48,070 | €48,732 | €49,403 | €50,084 | ▲ 1.4% |
| Financial debts43 | €475,000 | €470,000 | €460,000 | €455,000 | €455,000 | = |
| Other loans439 | €475,000 | €470,000 | €460,000 | €455,000 | €455,000 | = |
| Trade debts44 | - | €3,321 | €5,427 | €3,493 | €4,966 | ▲ 42.2% |
| Suppliers440/4 | - | €3,321 | €5,427 | €3,493 | €4,966 | ▲ 42.2% |
| Accrued charges and deferred income492/3 | €5,222 | €4,909 | €5,809 | €6,157 | €6,290 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,431 | €151 | €3,778 | €8,488 | €4,390 | ▼ 48.3% |
| + Depreciation and write-downs630 | €47,830 | €47,830 | €47,830 | €47,830 | €47,830 | = |
| Operating cash flow (approximation) | €46,399 | €47,981 | €51,608 | €56,318 | €52,220 | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,140 | -€3,457 | €1,000 | €4,422 | ▲ 342% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €8,488 ▲125%
Operating result €16,972, net result €8,488, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €151
Net result €151 after 3 loss-making years.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mechelen · 1 establishment unit since 2018
Ground area
2,378 m²
Building footprint
882 m²
Volume, LiDAR
3,137 m³
2 parcels, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
U-Projects
since 20182.282.292.016
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0088/00X000 | Flanders | 1,691 m² | 1 · 659 m² | - |
| 12403D0088/00V000 | Flanders | 687 m² | 1 · 223 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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.
Identification & contact
Identification
Legal formPublic limited company
Founded25-09-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0705822379
Registered
09-10-2025
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.