The last five annual accounts were filed 1 to 45 days before the end of the period.
Turnover not published (abbreviated or micro format)
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 926 companies had the same profile as U.S.E.M. has now. Each dot stands for 3 companies, two years later.
90.0%
were still trading
9.0%
stopped another way
1.1%
went bankrupt
Small
20 years or older
solvency 30% or more
a loss of 10% of the balance sheet or more
Test of the method
The method was tested on the 497,762 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.
The companies in ten equal groups, from the lowest to the highest expected share
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
2.9%
3.1%
10
5.6%
6.1%
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 926 companies, not a prediction for U.S.E.M.. 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 verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
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Merger: U.S.E.M. takes over BEENHOUWERIJ UYTTERSPROT
Reappointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in, Name hiddenVisible after signing in and Hidden nameVisible after signing in · Appointment: Name after signing inVisible after signing in (managing director) · Director discharge: Name hiddenVisible after signing in · General meeting of 22-03-2021 · Gazette deed
Merger proposal: U.S.E.M. takes over BEENHOUWERIJ UYTTERSPROT
Appointments: Hidden nameVisible after signing in, Name after signing inVisible after signing in, Name hiddenVisible after signing in and Hidden nameVisible after signing in · The company holds all the shares of BEENHOUWERIJ UYTTERSPROT · Board meeting of 26-01-2021 · Gazette deed
4 directors reappointedName after signing inVisible after signing in (managing director), Name hiddenVisible after signing in, Hidden nameVisible after signing in and Name after signing inVisible after signing in · General meeting of 29-12-2017 · Gazette deed
“Het verwerven,inrichten,herstellen en tot waarde brengen,beheren,verhuren of laten gebruiken op alle mogelijke wijzen,van gebouwde…” (deed in Dutch)From the articles, 3 activitiesNo NACE code in the KBO yet