UBES
ActiveSummary
UBES has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.2m and a net result of €2.0m. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 93% of 680 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-1
Solvency100=
Growth71▼-3
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950,000 at 30 days acceptable
Liquidity ample (current ratio 4.27 against 2.9 in 2024; short-term debt: 11.1% of total assets), and 12.4% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
87.6%
Return on assets
12.3%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
20 d late
2023
4 d early
2022
1 d early
2021
8 d early
2020
25 d late
2019
28 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 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 employer in Aarschot, Manufacturing sector#4 company by equity in Flemish Brabant, Fabricated metal products sector#4 company by total assets in Aarschot, Manufacturing sector
Turnover
€9.7m▲ 1.1%
2024 · €9.6m
EBIT margin
26.2%▼ 0.3pp
2024 · 26.5%
Net result
€2.0m▲ 2.4%
2024 · €1.9m
Working capital
€5.9m▲ 48.6%
2024 · €4.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20212022202320242025
Turnover€7.3m€10.1m▲ 39.5%€10.5m▲ 3.8%€9.6m▼ 8.5%€9.7m▲ 1.1%
Operating result€1.9m▼ 1.9%€2.8m▲ 49.2%€2.6m▼ 8.0%€2.5m▼ 2.0%€2.6m▲ 0.1%
Net result€1.9mabove the sector's middle half▼ 1.0%€2.8mabove the sector's middle half▲ 48.7%€1.9mabove the sector's middle half▼ 31.8%€1.9mabove the sector's middle half▲ 1.8%€2.0mabove the sector's middle half▲ 2.4%
EBIT margin26.1%27.9%▲ 1.8pp24.7%▼ 3.2pp26.5%▲ 1.8pp26.2%▼ 0.3pp
Equity€4.1mabove the sector's middle half▼ 0.4%€6.9mabove the sector's middle half▲ 66.6%€8.7mabove the sector's middle half▲ 26.6%€12.5mabove the sector's middle half▲ 43.7%€14.2mabove the sector's middle half▲ 13.4%
Total assets€10.8mabove the sector's middle half▲ 2.2%€14.6mabove the sector's middle half▲ 35.2%€14.8mabove the sector's middle half▲ 1.5%€14.6mabove the sector's middle half▼ 1.3%€16.2mabove the sector's middle half▲ 10.9%
Debt€6.5m▲ 1.5%€7.7m▲ 18.4%€6.1m▼ 20.9%€2.1m▼ 65.8%€1.8m▼ 13.6%
Working capital-€2.1m▼ 23.4%-€1.6m▲ 24.8%€124,025€4.0m▲ 3,100%€5.9m▲ 48.6%
Solvency38.3%within the sector's middle half▼ 1.0pp47.2%within the sector's middle half▲ 8.9pp58.8%within the sector's middle half▲ 11.7pp85.7%above the sector's middle half▲ 26.9pp87.6%above the sector's middle half▲ 1.9pp
Staff (FTE)31within the sector's middle half▼ 10.9%44.3above the sector's middle half▲ 42.9%46.7above the sector's middle half▲ 5.4%43.2above the sector's middle half▼ 7.5%38.9above the sector's middle half▼ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.2m
Fixed assets
€8.5m ▼ 0.6%
Current assets
€7.7m ▲ 27.1%
Equity and liabilities €16.2m
Equity
€14.2m ▲ 13.4%
Provisions
€200,000
Debt
€1.8m ▼ 13.6%
Debt's share of the balance-sheet total falls from 14.3% to 11.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.7m▲
2024 · €2.7m
Cash flow
€2.2m▲
2024 · €2.1m
Current ratio
4.27▲
2024 · 2.90
Quick ratio
2.03▲
2024 · 1.07
Debt to equity
0.13▼
2024 · 0.17
ROE
14.0%▼
2024 · 15.5%
ROA
12.3%▼
2024 · 13.3%
Interest coverage
1319.56▼
2024 · 1811.74
Debt ≤ 1 year
€1.8m▼
2024 · €2.1m
Income taxes
€576,157▼
2024 · €627,681
Staff costs
€2.1m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 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% | 1.6% |
| 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 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 20,082 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €7.4m | €10.4m | €10.7m | €10.0m | €9.8m | ▼ 2.1% |
| Turnover70 | €7.3m | €10.1m | €10.5m | €9.6m | €9.7m | ▲ 1.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€145,052 | €250,810 | €156,564 | €339,796 | €17,253 | ▼ 94.9% |
| Other operating income74 | €263,066 | €30,339 | €17,883 | €43,049 | €50,393 | ▲ 17.1% |
| Operating charges60/66A | €5.5m | €7.6m | €8.1m | €7.5m | €7.2m | ▼ 2.9% |
| Goods for resale, raw materials and consumables60 | €2.6m | €3.9m | €4.3m | €3.9m | €3.5m | ▼ 9.7% |
| Purchases600/8 | €2.2m | €5.5m | €4.4m | €3.4m | €3.7m | ▲ 6.4% |
| Change in stocks: decrease (increase)609 | €322,570 | -€1.6m | -€107,540 | €409,731 | -€185,980 | ▼ 145% |
| Services and other goods61 | €1.0m | €1.6m | €1.4m | €1.3m | €1.3m | ▼ 4.0% |
| Remuneration, social security and pensions62 | €1.6m | €2.1m | €2.2m | €2.1m | €2.1m | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111,959 | €139,479 | €174,555 | €186,245 | €184,604 | ▼ 0.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €150,000 | -€150,000 | - | - | €200,000 | - |
| Other operating charges640/8 | €28,464 | €4,209 | €17,316 | €20,705 | €13,443 | ▼ 35.1% |
| Operating profit (loss)9901 | €1.9m | €2.8m | €2.6m | €2.5m | €2.6m | ▲ 0.1% |
| Financial income75/76B | €5,564 | €1,703 | €2,845 | €24,093 | €16,130 | ▼ 33.0% |
| Recurring financial income75 | €5,564 | €1,703 | €2,845 | €24,093 | €16,130 | ▼ 33.0% |
| Income from current assets751 | - | - | - | - | €13,779 | - |
| Other financial income752/9 | €5,564 | €1,703 | €2,845 | €24,093 | €2,351 | ▼ 90.2% |
| Financial charges65/66B | €693 | €936 | €3,425 | €1,510 | €2,075 | ▲ 37.4% |
| Recurring financial charges65 | €693 | €936 | €3,425 | €1,510 | €2,075 | ▲ 37.4% |
| Other financial charges652/9 | €693 | €936 | €3,425 | €1,510 | €2,075 | ▲ 37.4% |
| Profit (loss) for the period before taxes9903 | €1.9m | €2.8m | €2.6m | €2.6m | €2.6m | ▼ 0.2% |
| Income taxes67/77 | €15,328 | €25,282 | €689,434 | €627,681 | €576,157 | ▼ 8.2% |
| Taxes670/3 | €15,328 | €25,282 | €689,434 | €627,681 | €576,157 | ▼ 8.2% |
| Profit (loss) for the period9904 | €1.9m | €2.8m | €1.9m | €1.9m | €2.0m | ▲ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €1.9m | €2.8m | €1.9m | €1.9m | €2.0m | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.8m | €14.6m | €14.8m | €14.6m | €16.2m | ▲ 10.9% |
| Fixed assets21/28 | €8.5m | €8.5m | €8.6m | €8.6m | €8.5m | ▼ 0.6% |
| Intangible fixed assets21 | - | - | €14,050 | €31,527 | €23,434 | ▼ 25.7% |
| Tangible fixed assets22/27 | €826,245 | €878,732 | €945,151 | €895,096 | €849,603 | ▼ 5.1% |
| Land and buildings22 | €206,351 | €183,950 | €188,846 | €233,445 | €200,565 | ▼ 14.1% |
| Plant, machinery and equipment23 | €603,333 | €613,565 | €695,330 | €615,842 | €620,011 | ▲ 0.7% |
| Furniture and vehicles24 | €16,560 | €81,217 | €60,976 | €45,808 | €29,027 | ▼ 36.6% |
| Financial fixed assets28 | €7.6m | €7.6m | €7.6m | €7.6m | €7.6m | = |
| Affiliated companies280/1 | €7.6m | €7.6m | €7.6m | €7.6m | €7.6m | = |
| Participating interests280 | €7.6m | €7.6m | €7.6m | €7.6m | €7.6m | = |
| Current assets29/58 | €2.3m | €6.1m | €6.2m | €6.1m | €7.7m | ▲ 27.1% |
| Stocks and contracts in progress3 | €1.8m | €3.6m | €3.9m | €3.8m | €4.0m | ▲ 5.3% |
| Stocks30/36 | €1.8m | €3.6m | €3.9m | €3.8m | €4.0m | ▲ 5.3% |
| Raw materials and consumables30/31 | €1.3m | €2.9m | €3.0m | €2.6m | €2.8m | ▲ 7.2% |
| Finished goods33 | €500,576 | €751,386 | €907,950 | €1.2m | €1.3m | ▲ 1.4% |
| Amounts receivable within one year40/41 | €520,875 | €2.4m | €2.3m | €1.2m | €3.7m | ▲ 204% |
| Trade receivables40 | €370,449 | €12,257 | - | €15,651 | €102,163 | ▲ 553% |
| Other amounts receivable41 | €150,426 | €2.4m | €2.3m | €1.2m | €3.6m | ▲ 199% |
| Current investments50/53 | - | - | - | €1.0m | - | - |
| Other investments51/53 | - | - | - | €1.0m | - | - |
| Cash at bank and in hand54/58 | €2,406 | €2,376 | - | - | - | - |
| Deferred charges and accrued income490/1 | €30,139 | €7,915 | €9,460 | €11,297 | €11,387 | ▲ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.8m | €14.6m | €14.8m | €14.6m | €16.2m | ▲ 10.9% |
| Equity10/15 | €4.1m | €6.9m | €8.7m | €12.5m | €14.2m | ▲ 13.4% |
| Contributions10/11 | €175,000 | €2.9m | €2.9m | €4.9m | €4.9m | = |
| Capital10 | €175,000 | €2.9m | €2.9m | €4.9m | €4.9m | = |
| Issued capital100 | €175,000 | €2.9m | €2.9m | €4.9m | €4.9m | = |
| Reserves13 | €3.5m | €3.5m | €5.5m | €7.5m | €8.5m | ▲ 13.3% |
| Non-distributable reserves130/1 | €517,789 | €517,789 | €517,789 | €517,789 | €517,789 | = |
| Legal reserve130 | €517,789 | €517,789 | €517,789 | €517,789 | €517,789 | = |
| Tax-exempt reserves132 | €29,125 | €29,125 | €29,125 | €29,125 | €29,125 | = |
| Distributable reserves133 | €3.0m | €3.0m | €5.0m | €7.0m | €8.0m | ▲ 14.3% |
| Profit (loss) carried forward14 | €411,826 | €415,836 | €246,801 | €59,425 | €733,343 | ▲ 1,134% |
| Provisions and deferred taxes16 | €150,000 | - | - | - | €200,000 | - |
| Provisions for liabilities and charges160/5 | €150,000 | - | - | - | €200,000 | - |
| Other liabilities and charges164/5 | €150,000 | - | - | - | €200,000 | - |
| Amounts payable17/49 | €6.5m | €7.7m | €6.1m | €2.1m | €1.8m | ▼ 13.6% |
| Amounts payable after more than one year17 | €2.0m | - | - | - | - | - |
| Financial debts170/4 | €2.0m | - | - | - | - | - |
| Other loans174 | €2.0m | - | - | - | - | - |
| Amounts payable within one year42/48 | €4.5m | €7.7m | €6.1m | €2.1m | €1.8m | ▼ 13.6% |
| Trade debts44 | €293,020 | €602,828 | €467,458 | €577,024 | €874,305 | ▲ 51.5% |
| Suppliers440/4 | €293,020 | €602,828 | €467,458 | €577,024 | €874,305 | ▲ 51.5% |
| Taxes, remuneration and social security45 | €170,732 | €213,235 | €886,422 | €372,051 | €282,457 | ▼ 24.1% |
| Taxes450/3 | €31,537 | €40,306 | €699,075 | €129,716 | €15,217 | ▼ 88.3% |
| Remuneration and social security454/9 | €139,195 | €172,928 | €187,347 | €242,335 | €267,240 | ▲ 10.3% |
| Other amounts payable47/48 | €4.0m | €6.9m | €4.7m | €1.1m | €647,161 | ▼ 43.2% |
| Accrued charges and deferred income492/3 | €28,390 | €9,791 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.9m | €2.8m | €1.9m | €1.9m | €2.0m | ▲ 2.4% |
| + Depreciation and write-downs630 | €111,959 | €139,479 | €174,555 | €186,245 | €184,604 | ▼ 0.9% |
| Operating cash flow (approximation) | €2.0m | €2.9m | €2.1m | €2.1m | €2.2m | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | -€191,967 | -€255,024 | -€153,667 | -€131,017 | ▲ 14.7% |
| Change in cash | - | -€31 | - | - | - | - |
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
30-09
Financial
Liquidity triplescurrent ratio 2.90
Current ratio from 1.02 to 2.90; short-term debt falls from €6.1m to €2.1m.
30-09
Financial
Equity above €10mEq €12.5m ▲43.7%
7 profitable years in a row build equity to €12.5m.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €2.8m ▲48.7%
Operating result €2.8m, net result €2.8m, both a record.
30-09
Financial
Equity above €5mEq €6.9m ▲66.6%
5 profitable years in a row build equity to €6.9m.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-09
Financial
Weakest financial yearnet €1.7m ▼12.8%
Net result drops to €1.7m, the lowest in the series; recovery starts the following year.
Show earlier events
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Aarschot · 1 establishment unit since 1981
Ground area
1,296 m²
Building footprint
150 m²
Volume, LiDAR
880 m³
Parcel 24060I0037/00V000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
UBES
since 19812.075.817.123
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24060I0037/00V000 | Flanders | 1,296 m² | 1 · 150 m² | 9.3 m · 2 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.
Structure & network
Owners and holdings
3 owners · 2 holdings · 3 subsidiaries in the treeOwners 3
- Andrei Coreanunatural personSourceown accounts 30-09-202550%
-
49.99%
- Alexandru Bianunatural personSourceown accounts 30-09-20250.01%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
49.99%
Holdings 2
-
100%
-
99.98%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- DAS LADDERS 100%
According to the annual accounts to 30-09-2025 of UBES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 43,518 EUR awarded · 43,518 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 22,825 EUR | 22,825 EUR |
| 2024 | 2 | 19,293 EUR | 19,293 EUR |
| 2023 | 2 | 1,038 EUR | 1,038 EUR |
| 2022 | 1 | 362 EUR | 362 EUR |
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Of 559 companies in sector 25999 we hold annual accounts for 353. 87 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1981
Fiscal year end30-09
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421435108
Registered
05-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.