UCAST
The computed 12-month bankruptcy probability of UCAST is 1.5% (moderate). The 2024 annual accounts show negative equity (€-885k) and a net result of €-319k. Equity is shrinking by ~109% per year across the filed fiscal years. Its solvency ranks better than 5% of 999 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-885k |
| Net result | €-319k |
| Staff (FTE) | 7.3 |
| Better than sector | 5% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -36.9% | 35.4% | |
| Net result | €-319k | €31k | |
| Equity | €-885k | €122k | |
| Gross operating margin | €561k | €174k | |
| Staff costs | €553k | €196k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €-12k | €-86k | €-120k |
| Net profit | €-319k | €-499k | €-365k |
| Cash flow | €16k | €-30k | €-75k |
| Staff costs | €553k | €451k | €443k |
| Income taxes | €-34k | €1k | €2k |
| Dividends | - | - | - |
| Total assets | €2.40M | €2.27M | €2.80M |
| Equity | €-885k | €-482k | €166k |
| Debt | €3.28M | €2.76M | €2.63M |
| of which ≤ 1y | €2.69M | €277k | €221k |
| of which > 1y | €0 | €2.01M | €2.03M |
| Working capital | €-2.06M | €561k | €1.36M |
| Employees (FTE) | 7.3 | 6.1 | 6.7 |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 0.23 | 3.02 | 7.17 |
| Quick ratio | 0.23 | 2.97 | 7.11 |
| Working capital ratio | -86.0% | 24.7% | 48.6% |
| Solvency | -36.9% | -21.2% | 5.9% |
| Debt / equity | -3.71 | -5.72 | 15.85 |
| Long-term debt ratio | 0.00 | -4.17 | 12.19 |
| Interest coverage | -0.13 | -1.01 | -2.55 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -13.3% | -21.9% | -13.0% |
| ROE | 36.1% | 103.5% | -219.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €2.40M | €2.27M | €2.80M |
| Fixed assets | 21/28 | €1.76M | €1.44M | €1.22M |
| Intangible fixed assets | 21 | €1.74M | €1.39M | €1.15M |
| Tangible fixed assets | 22/27 | €8k | €34k | €59k |
| Financial fixed assets | 28 | €14k | €14k | €12k |
| Current assets | 29/58 | €632k | €838k | €1.58M |
| Stocks & contracts in progress | 3 | €19k | €15k | €13k |
| Amounts receivable within one year | 40/41 | €225k | €421k | €791k |
| Cash & bank | 54/58 | €380k | €392k | €773k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.40M | €2.27M | €2.80M |
| Equity | 10/15 | €-885k | €-482k | €166k |
| Contributions / capital | 10/11 | €110k | €110k | €110k |
| Reserves | 13 | €6k | €6k | €6k |
| Accumulated profits (losses) | 14 | €-1.63M | €-1.32M | €-816k |
| Amounts payable | 17/49 | €3.28M | €2.76M | €2.63M |
| Amounts payable after one year | 17 | €0 | €2.01M | €2.03M |
| Amounts payable within one year | 42/48 | €2.69M | €277k | €221k |
| Trade debts payable within one year | 44 | €98k | €204k | €134k |
| Income statement | ||||
| Gross operating margin | 9900 | €561k | €364k | €336k |
| Operating result | 9901 | €-347k | €-555k | €-409k |
| Financial income | 75 | €84k | €142k | €94k |
| Financial charges | 65 | €91k | €85k | €47k |
| Result before taxes | 9903 | €-354k | €-498k | €-362k |
| Income taxes | 67/77 | €-34k | €1k | €2k |
| Net result for the period | 9904 | €-319k | €-499k | €-365k |
| Result to be appropriated | 9905 | €-319k | €-499k | €-365k |
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 17-10-2013 |
| Status | Active |
| Postal code | 8730 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003D0068/00X000 | Flanders | 2,310 m² | 1 · 566 m² | 4.7 m · 1 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
29-10-2024 KPMG Bedrijfsrevisoren BV/SRL appointed as statutory auditor
- KPMG Bedrijfsrevisoren BV/SRL, Commissaris
Technical details
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}| Legal nameNL | UCAST |