UC GUL
Open bankruptcyA bankruptcy procedure is open for UC GUL according to publications in the Belgian State Gazette; curator: KRIS GOEMAN.
Summary
The 2021 annual accounts show equity of €148k and a net result of €17k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 03-10-2022, 64 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
64 d late
2020
55 d late
2019
121 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€148k▲ 13.4%
2020 · €130k
2018: €107k
2019: €120k
2020: €130k
2018 → 2021
Total assets
€301k▲ 32.0%
2020 · €228k
2018: €146k
2019: €173k
2020: €228k
2018 → 2021
Net result
€17k▲ 75.3%
2020 · €10k
2018: €33k
2019: €13k
2020: €10k
2018 → 2021
Working capital
€112k▲ 22.0%
2020 · €92k
2018: €70k
2019: €84k
2020: €92k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€107k-€120k▲ 12.1%€130k▲ 8.2%€148k▲ 13.4%
Operating result€37k-€21k▼ 43.2%€10k▼ 52.3%€14k▲ 41.0%
Net result€33k-€13k▼ 61.0%€10k▼ 23.8%€17k▲ 75.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 41% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €301k
Fixed assets
€35k ▼ 11.4%
Current assets
€266k ▲ 41.2%
Equity and liabilities €301k
Equity
€148k ▲ 13.4%
Debt
€154k ▲ 56.8%
Debt's share of the balance-sheet total rises from 42.9% to 51.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2020 · €20k
Cash flow
€28k▲
2020 · €20k
Current ratio
1.73▼
2020 · 1.96
Quick ratio
1.41▼
2020 · 1.45
Debt to equity
1.04▲
2020 · 0.01
ROE
11.8%▲
2020 · 7.6%
ROA
5.8%▲
2020 · 4.3%
Interest coverage
15.73
Debt ≤ 1 year
€154k▲
2020 · €96k
Income taxes
€5k▼
2020 · €5k
Staff costs
€124k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 46 lines
Balance sheet
Code20202021
Assets
Total assets20/58€228k€301k▲
Fixed assets21/28€40k€35k▼
Intangible fixed assets21€8k€4k▼
Tangible fixed assets22/27€32k€31k▼
Land and buildings22-€20k
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€6k
Leasing and similar rights25-€447
Current assets29/58€189k€266k▲
Stocks and contracts in progress3€49k€49k=
Stocks30/36-€49k
Amounts receivable within one year40/41€131k€214k▲
Trade receivables40-€13k
Other amounts receivable41-€202k
Cash at bank and in hand54/58€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€228k€301k▲
Equity10/15€130k€148k▲
Contributions10/11-€12k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€116k€133k▲
Amounts payable17/49€98k€154k▲
Amounts payable after more than one year17€2k-
Amounts payable within one year42/48€96k€154k▲
Current portion of amounts payable after more than one year42-€1k
Trade debts44€22k€26k▲
Suppliers440/4-€26k
Taxes, remuneration and social security45-€127k
Taxes450/3-€22k
Remuneration and social security454/9-€105k
Income statement
Code20202021
Remuneration, social security and pensions62-€124k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8-€621
Gross operating margin9900€92k€150k▲
Operating profit (loss)9901€10k€14k▲
Financial income75/76B-€10k
Recurring financial income75€8k€10k▲
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€15k€22k▲
Income taxes67/77€5k€5k▼
Profit (loss) for the period9904€10k€17k▲
Profit (loss) for the period to be appropriated9905€10k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€133k
Profit (loss) brought forward from the previous period14P-€116k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
03-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · UC GUL BV IMPERIASTRAAT 8, 1930 ZAVENTEM · event 27-02-2023
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Weakest financial yearnet €10k ▼23.8%
Net result drops to €10k, the lowest in the series.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 121 days late
2019
13-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 74 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
8,165 m²
Building footprint
1,924 m²
Volume, LiDAR
1,099 m³
2 parcels, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
UC GUL
since 20152.246.209.204
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0041/00F000 | Flanders | 7,975 m² | 1 · 1,789 m² | - |
| 11810K1747/00F008 | Flanders | 190 m² | 1 · 135 m² | 15.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
27-02-2023 → present |
Recognitions · licences · registrations
Dual-learning approval
1 endedWinkelbediende (so)
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Of 4,226 companies in sector 10712 we hold annual accounts for 1,870. 1,575 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.