U Shape
ActiveSummary
U Shape has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,179 and a net result of €10,880. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 2395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
What they do
Operation of sports facilities
NACE 93110
1 site
How big
€74,364turnover 2025
- Equity
- €29,179
- Profit
- €10,880
Who decides
Accounts filed 30 d late0 of 2 deeds read
Why 63- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+16
Solvency33▲+3
Growth68▲+24
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 0.96 in 2024; short-term debt: 10.5% and cash: 0.7% of total assets), and 91.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
8.1%
Return on assets
3%
Age of the figures
13 mo
neutral · Filed after the deadline
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 30-04-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
30 d late
2022
61 d late
2021
32 d late
2020
42 d late
2019
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today. Usually files around 1 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-08-2026 close01-10-2026 today31-03-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €10,880
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Turnover €74,364Profit €10,880Solvency 8.1%Liquidity 1.25
Turnover
€74,364▲ 17.5%
2022 - 2025
Net result
€10,880
2019 - 2025
Equity
€29,179▲ 49.1%
2019 - 2025
Solvency
8.1%▲ 3.2pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€65,517€59,407▼ 9.3%€63,278▲ 6.5%€74,364▲ 17.5%
Operating result€9,684▲ 240%€18,515▲ 91.2%€1,455▼ 92.1%€1,504▲ 3.3%€17,853▲ 1,087%
Net result€1,363within the sector's middle half€7,011within the sector's middle half▲ 414%-€8,067below the sector's middle half-€5,229within the sector's middle half▲ 35.2%€10,880within the sector's middle half
EBIT margin28.3%2.4%▼ 25.8pp2.4%▼ 0.1pp24.0%▲ 21.6pp
Equity€4,066within the sector's middle half€23,477within the sector's middle half▲ 477%€15,410within the sector's middle half▼ 34.4%€19,574within the sector's middle half▲ 27.0%€29,179within the sector's middle half▲ 49.1%
Total assets€377,540above the sector's middle half▼ 6.6%€398,193above the sector's middle half▲ 5.5%€374,987within the sector's middle half▼ 5.8%€401,519above the sector's middle half▲ 7.1%€360,891within the sector's middle half▼ 10.1%
Debt€373,474▼ 7.6%€374,716▲ 0.3%€359,577▼ 4.0%€381,945▲ 6.2%€331,713▼ 13.2%
Working capital-€8,524within the sector's middle half▲ 46.4%€7,952within the sector's middle half€3,540within the sector's middle half▼ 55.5%-€2,281within the sector's middle half€9,637within the sector's middle half
Solvency1.1%within the sector's middle half▲ 1.1pp5.9%within the sector's middle half▲ 4.8pp4.1%within the sector's middle half▼ 1.8pp4.9%within the sector's middle half▲ 0.8pp8.1%within the sector's middle half▲ 3.2pp
Current ratio0.74within the sector's middle half▲ 0.081.23within the sector's middle half▲ 0.491.08within the sector's middle half▼ 0.150.96within the sector's middle half▼ 0.121.25within the sector's middle half▲ 0.29
Return on assets (ROA)0.4%within the sector's middle half▲ 2.4pp1.8%within the sector's middle half▲ 1.4pp-2.2%within the sector's middle half▼ 3.9pp-1.3%within the sector's middle half▲ 0.8pp3.0%within the sector's middle half▲ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,087% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €360,891
Fixed assets
€313,319 ▼ 9.7%
Current assets
€47,572 ▼ 12.5%
Equity and liabilities €360,891
Equity
€29,179 ▲ 49.1%
Debt
€331,713 ▼ 13.2%
Debt's share of the balance-sheet total falls from 95.1% to 91.9%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€55,726▲
2024 · €37,383
Cash flow
€48,753▲
2024 · €30,650
Debt to equity
11.37▼
2024 · 19.51
ROE
37.3%▲
2024 · -26.7%
Interest coverage
5.36▲
2024 · 3.15
Debt ≤ 1 year
€37,935▼
2024 · €56,672
Debt > 1 year
€293,778▼
2024 · €325,272
Income taxes
€359▼
2024 · €463
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.6%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,251 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €65,517 | €59,407 | €63,278 | €74,364 | ▲ 17.5% |
| Non-recurring operating income76A | - | - | - | €8,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €25,284 | €26,779 | €31,796 | €24,264 | ▼ 23.7% |
| Remuneration, social security and pensions62 | €73 | €24 | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,434 | €36,174 | €33,262 | €35,879 | €37,873 | ▲ 5.6% |
| Other operating charges640/8 | €3,082 | €1,660 | €6,167 | €7,029 | €7,254 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | €950 | €1,155 | - | - |
| Gross operating margin9900 | €45,273 | €56,373 | €41,835 | €45,566 | €62,980 | ▲ 38.2% |
| Operating profit (loss)9901 | €9,684 | €18,515 | €1,455 | €1,504 | €17,853 | ▲ 1,087% |
| Financial income75/76B | €1,716 | €1,011 | €1,687 | €5,589 | €3,787 | ▼ 32.2% |
| Recurring financial income75 | €1,716 | €1,011 | €1,687 | €5,589 | €3,787 | ▼ 32.2% |
| Financial charges65/66B | €9,569 | €12,054 | €10,656 | €11,859 | €10,400 | ▼ 12.3% |
| Recurring financial charges65 | €9,569 | €12,054 | €10,656 | €11,859 | €10,400 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €1,831 | €7,472 | -€7,514 | -€4,766 | €11,239 | ▲ 336% |
| Income taxes67/77 | €468 | €461 | €553 | €463 | €359 | ▼ 22.4% |
| Profit (loss) for the period9904 | €1,363 | €7,011 | -€8,067 | -€5,229 | €10,880 | ▲ 308% |
| Profit (loss) for the period to be appropriated9905 | €1,363 | €7,011 | -€8,067 | -€5,229 | €10,880 | ▲ 308% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €377,540 | €398,193 | €374,987 | €401,519 | €360,891 | ▼ 10.1% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €353,178 | €355,619 | €327,941 | €347,127 | €313,319 | ▼ 9.7% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €353,178 | €355,619 | €327,941 | €347,127 | €313,319 | ▼ 9.7% |
| Land and buildings22 | €323,068 | €302,876 | €282,685 | €262,493 | €242,301 | ▼ 7.7% |
| Plant, machinery and equipment23 | €2,468 | €33,815 | €33,374 | €29,381 | €29,162 | ▼ 0.7% |
| Furniture and vehicles24 | €17,202 | €9,825 | €4,119 | €48,828 | €36,769 | ▼ 24.7% |
| Other tangible fixed assets26 | €10,440 | €9,102 | €7,763 | €6,425 | €5,086 | ▼ 20.8% |
| Current assets29/58 | €24,362 | €42,574 | €47,046 | €54,392 | €47,572 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €13,029 | €29,807 | €38,317 | €45,430 | €37,776 | ▼ 16.8% |
| Trade receivables40 | - | €1,265 | €0 | €0 | €0 | - |
| Other amounts receivable41 | €13,029 | €28,542 | €38,317 | €45,430 | €37,776 | ▼ 16.8% |
| Cash at bank and in hand54/58 | €1,419 | €5,105 | €123 | €907 | €2,569 | ▲ 183% |
| Deferred charges and accrued income490/1 | €9,914 | €7,663 | €8,605 | €8,055 | €7,228 | ▼ 10.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €377,540 | €398,193 | €374,987 | €401,519 | €360,891 | ▼ 10.1% |
| Equity10/15 | €4,066 | €23,477 | €15,410 | €19,574 | €29,179 | ▲ 49.1% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€3,994 | €3,017 | -€5,050 | -€10,279 | €601 | ▲ 106% |
| Investment grants15 | - | - | - | €9,393 | €8,118 | ▼ 13.6% |
| Amounts payable17/49 | €373,474 | €374,716 | €359,577 | €381,945 | €331,713 | ▼ 13.2% |
| Amounts payable after more than one year17 | €340,588 | €340,094 | €316,071 | €325,272 | €293,778 | ▼ 9.7% |
| Financial debts170/4 | €340,588 | €340,094 | €316,071 | €325,272 | €293,778 | ▼ 9.7% |
| Amounts payable within one year42/48 | €32,886 | €34,622 | €43,506 | €56,672 | €37,935 | ▼ 33.1% |
| Current portion of amounts payable after more than one year42 | €25,731 | €25,632 | €24,619 | €31,998 | €31,495 | ▼ 1.6% |
| Trade debts44 | €3,529 | €8,529 | €13,109 | €18,089 | €5,313 | ▼ 70.6% |
| Suppliers440/4 | €3,529 | €8,529 | €13,109 | €18,089 | €5,313 | ▼ 70.6% |
| Advances received on contracts in progress46 | €1,471 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €2,155 | €461 | €5,778 | €3,741 | €1,127 | ▼ 69.9% |
| Taxes450/3 | €2,155 | €461 | €5,778 | €3,741 | €1,127 | ▼ 69.9% |
| Remuneration and social security454/9 | - | - | - | €0 | €0 | - |
| Other amounts payable47/48 | - | - | - | €2,845 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,363 | €7,011 | -€8,067 | -€5,229 | €10,880 | ▲ 308% |
| + Depreciation and write-downs630 | €32,434 | €36,174 | €33,262 | €35,879 | €37,873 | ▲ 5.6% |
| Operating cash flow (approximation) | €33,797 | €43,185 | €25,195 | €30,650 | €48,753 | ▲ 59.1% |
| Investment in fixed assets (approximation) | - | -€38,615 | -€5,585 | -€55,064 | -€4,065 | ▲ 92.6% |
| Change in cash | - | €3,686 | -€4,981 | €784 | €1,661 | ▲ 112% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Aqualand fit & sports center
BE 0789.699.863
Aalst · Eq €29,070
MANEGE HEIDEBOS
BE 0536.424.945
Assenede · Eq €29,402
Koninklijke Voetbalklub Westhoek
BE 0414.608.484
Ieper · Eq €29,404
CROSSFIT 1815
BE 0598.902.843
Waterloo · Eq €28,913
WTC Groot Halle Toerist
BE 0759.947.884
Halle · Eq €28,772
Of 3,292 companies in this sector we hold annual accounts for 1,500. 867 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
11 eventsLatest 30-04-2026Next filing 31-03-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
Financial
Back to profitnet €10,880
Net result €10,880 after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-08
Financial
Back to profitnet €1,363
Net result €1,363 after one loss-making year.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 42 days late
2020
31-08
Financial
Weakest financial yearnet -€8,176
Net result drops to -€8,176, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 58 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Private limited company (pre-2019) · founded 04-09-2017Year ends 31-08Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded04-09-2017
Fiscal year end31-08
Activities, NACEBEL 2025
93110Operation of sports facilities
85510Sports and recreation education
85520Cultural education
90202Performing arts by artistic ensembles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680676714
Also
9925:BE0680676714
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Ground area
455 m²
Building footprint
220 m²
Volume, LiDAR
1,099 m³
Parcel 21816C0193/00B004, Brussels · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
U SHAPE
since 2017unit no. 2.268.734.483
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0193/00B004 | Brussels | 455 m² | 1 · 220 m² | 11.0 m · 1 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.