Summary
UCO has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €45.0m and a net result of €223,748. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 76% of 5046 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
18 d early
2024
10 d early
2023
on the day
2022
25 d early
2021
10 d early
2020
2 d early
2019
10 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#5 company by equity in Kortrijk, Wholesale and retail trade sector#8 company by total assets in Kortrijk, Wholesale and retail trade sector
Turnover
€232,896▼ 36.9%
2024 · €369,315
EBIT margin
-92.2%▲ 0.9pp
2024 · -93.1%
Net result
€223,748
2024 · -€12.4m
Working capital
-€3.8m▲ 12.9%
2024 · -€4.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€49,292▼ 55.0%€148,846▲ 202%€259,666▲ 74.5%€369,315▲ 42.2%€232,896▼ 36.9%
Operating result-€320,926▲ 42.6%€186-€440,727-€343,956▲ 22.0%-€214,752▲ 37.6%
Net result-€1.3mbelow the sector's middle half▼ 942%-€13,837below the sector's middle half▲ 98.9%€515,095within the sector's middle half-€12.4mbelow the sector's middle half€223,748within the sector's middle half
EBIT margin-651.1%▼ 140.8pp0.1%▲ 651.2pp-169.7%▼ 169.9pp-93.1%▲ 76.6pp-92.2%▲ 0.9pp
Equity€56.6mabove the sector's middle half▼ 2.2%€56.6mabove the sector's middle half=€57.1mabove the sector's middle half▲ 0.9%€44.7mabove the sector's middle half▼ 21.7%€45.0mabove the sector's middle half▲ 0.5%
Total assets€68.9mabove the sector's middle half▼ 0.3%€77.3mabove the sector's middle half▲ 12.3%€82.0mabove the sector's middle half▲ 6.0%€64.3mabove the sector's middle half▼ 21.6%€63.8mabove the sector's middle half▼ 0.8%
Debt€12.2m▲ 9.6%€20.7m▲ 69.3%€24.8m▲ 19.8%€19.5m▼ 21.4%€18.8m▼ 3.6%
Working capital-€6.8mbelow the sector's middle half▼ 30.4%-€6.7mbelow the sector's middle half▲ 1.6%-€8.2mbelow the sector's middle half▼ 21.0%-€4.3mbelow the sector's middle half▲ 47.0%-€3.8mbelow the sector's middle half▲ 12.9%
Solvency82.2%above the sector's middle half▼ 1.6pp73.2%above the sector's middle half▼ 9.0pp69.7%above the sector's middle half▼ 3.5pp69.6%above the sector's middle half▼ 0.1pp70.5%above the sector's middle half▲ 0.9pp
Current ratio0.39below the sector's middle half▼ 0.090.45below the sector's middle half▲ 0.060.40below the sector's middle half▼ 0.050.47below the sector's middle half▲ 0.070.47below the sector's middle half=
Return on assets (ROA)-1.8%below the sector's middle half▼ 1.7pp0.0%below the sector's middle half▲ 1.8pp0.6%within the sector's middle half▲ 0.6pp-19.3%below the sector's middle half▼ 19.9pp0.4%within the sector's middle half▲ 19.6pp
Staff (FTE)6.3within the sector's middle half▼ 45.2%3.6within the sector's middle half▼ 42.9%1.5below the sector's middle half▼ 58.3%1.5below the sector's middle half=1.5below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €214,752 in 2025 against €343,956 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63.8m
Fixed assets
€60.4m =
Current assets
€3.3m ▼ 12.2%
Equity and liabilities €63.8m
Equity
€45.0m ▲ 0.5%
Debt
€18.8m ▼ 3.6%
Debt's share of the balance-sheet total falls from 30.4% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.5%▲
2024 · -27.7%
Debt ≤ 1 year
€7.1m▼
2024 · €8.1m
Debt > 1 year
€10.9m▼
2024 · €10.9m
Income taxes
€699▲
2024 · €695
Staff costs
€32,492▲
2024 · €30,431
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €179,778 | €259,769 | €369,411 | €391,365 | ▲ 5.9% |
| Turnover70 | €49,292 | €148,846 | €259,666 | €369,315 | €232,896 | ▼ 36.9% |
| Other operating income74 | - | €11,390 | €104 | €96 | €879 | ▲ 813% |
| Non-recurring operating income76A | - | €19,542 | - | - | €157,589 | - |
| Operating charges60/66A | - | €179,592 | €700,496 | €713,367 | €606,116 | ▼ 15.0% |
| Goods for resale, raw materials and consumables60 | - | €145,683 | €255,684 | €362,070 | €228,212 | ▼ 37.0% |
| Purchases600/8 | - | €124,664 | €243,567 | €362,070 | €228,212 | ▼ 37.0% |
| Change in stocks: decrease (increase)609 | - | €21,019 | €12,117 | - | - | - |
| Services and other goods61 | - | €228,817 | €294,578 | €272,348 | €304,156 | ▲ 11.7% |
| Remuneration, social security and pensions62 | - | €28,718 | €29,208 | €30,431 | €32,492 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,551 | €31,192 | €22,991 | €22,996 | €20,429 | ▼ 11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€282,872 | €74,953 | - | - | - |
| Other operating charges640/8 | - | €9,172 | €9,645 | €6,736 | €7,390 | ▲ 9.7% |
| Non-recurring operating charges66A | - | €18,882 | €13,438 | €18,785 | €13,438 | ▼ 28.5% |
| Operating profit (loss)9901 | -€320,926 | €186 | -€440,727 | -€343,956 | -€214,752 | ▲ 37.6% |
| Financial income75/76B | - | €288,532 | €1.7m | €4.9m | €1.3m | ▼ 74.3% |
| Recurring financial income75 | €909,865 | €288,532 | €727,988 | €4.9m | €1.3m | ▼ 74.3% |
| Income from financial fixed assets750 | - | €80,870 | €80,870 | €4.4m | €617,594 | ▼ 85.8% |
| Income from current assets751 | - | €205,861 | €411,076 | €558,726 | €545,153 | ▼ 2.4% |
| Other financial income752/9 | - | €1,801 | €236,043 | €6,823 | €100,385 | ▲ 1,371% |
| Non-recurring financial income76B | - | - | €955,840 | - | - | - |
| Financial charges65/66B | - | €302,048 | €727,422 | €17.0m | €823,933 | ▼ 95.1% |
| Recurring financial charges65 | €207,497 | €223,348 | €727,422 | €675,415 | €535,679 | ▼ 20.7% |
| Debt charges650 | €176,849 | €216,619 | €484,423 | €587,013 | €451,512 | ▼ 23.1% |
| Other financial charges652/9 | - | €6,729 | €242,999 | €88,402 | €84,167 | ▼ 4.8% |
| Non-recurring financial charges66B | - | €78,700 | - | €16.3m | €288,254 | ▼ 98.2% |
| Profit (loss) for the period before taxes9903 | -€1.3m | -€13,330 | €515,679 | -€12.4m | €224,447 | ▲ 102% |
| Income taxes67/77 | €332 | €507 | €584 | €695 | €699 | ▲ 0.6% |
| Taxes670/3 | - | €507 | €584 | €695 | €699 | ▲ 0.6% |
| Profit (loss) for the period9904 | -€1.3m | -€13,837 | €515,095 | -€12.4m | €223,748 | ▲ 102% |
| Transfer from tax-exempt reserves789 | - | €252,161 | €98,325 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€1.3m | €238,324 | €613,420 | -€12.4m | €223,748 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68.9m | €77.3m | €82.0m | €64.3m | €63.8m | ▼ 0.8% |
| Fixed assets21/28 | €64.5m | €71.9m | €76.5m | €60.5m | €60.4m | = |
| Tangible fixed assets22/27 | €116,693 | €85,500 | €62,729 | €40,848 | €20,419 | ▼ 50.0% |
| Furniture and vehicles24 | - | €22,802 | €19,854 | €10,507 | €2,611 | ▼ 75.2% |
| Leasing and similar rights25 | - | €7,290 | - | - | - | - |
| Other tangible fixed assets26 | - | €55,408 | €42,875 | €30,342 | €17,808 | ▼ 41.3% |
| Financial fixed assets28 | €64.4m | €71.8m | €76.4m | €60.4m | €60.4m | = |
| Affiliated companies280/1 | - | €69.5m | €72.4m | €56.4m | €56.4m | = |
| Participating interests280 | - | €69.5m | €72.4m | €56.4m | €56.4m | = |
| Companies linked by participating interests282/3 | - | €2.2m | €4.1m | €4.1m | €4.1m | = |
| Participating interests282 | - | €2.2m | €4.1m | €4.1m | €4.1m | = |
| Other financial fixed assets284/8 | - | €1,535 | €1,535 | €1,535 | €1,535 | = |
| Amounts receivable and cash guarantees285/8 | - | €1,535 | €1,535 | €1,535 | €1,535 | = |
| Current assets29/58 | €4.3m | €5.5m | €5.5m | €3.8m | €3.3m | ▼ 12.2% |
| Amounts receivable after more than one year29 | - | €3.1m | €3.1m | €1.2m | €30,000 | ▼ 97.4% |
| Other amounts receivable291 | - | €3.1m | €3.1m | €1.2m | €30,000 | ▼ 97.4% |
| Stocks and contracts in progress3 | €87,719 | €87,072 | €2 | €2 | €2 | = |
| Stocks30/36 | - | €87,072 | €2 | €2 | €2 | = |
| Goods purchased for resale34 | - | €87,072 | €2 | €2 | €2 | = |
| Amounts receivable within one year40/41 | €1.0m | €2.2m | €2.2m | €2.6m | €3.2m | ▲ 26.1% |
| Trade receivables40 | - | €155,198 | €227,546 | €598,008 | €475,743 | ▼ 20.4% |
| Other amounts receivable41 | - | €2.0m | €2.0m | €2.0m | €2.7m | ▲ 40.3% |
| Cash at bank and in hand54/58 | €62,260 | €27,474 | €17,136 | €11,412 | €17,701 | ▲ 55.1% |
| Deferred charges and accrued income490/1 | - | €56,855 | €86,012 | €83,501 | €70,775 | ▼ 15.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68.9m | €77.3m | €82.0m | €64.3m | €63.8m | ▼ 0.8% |
| Equity10/15 | €56.6m | €56.6m | €57.1m | €44.7m | €45.0m | ▲ 0.5% |
| Contributions10/11 | €18.5m | €18.5m | €18.5m | €18.5m | €18.5m | = |
| Capital10 | - | €18.5m | €18.5m | €18.5m | €18.5m | = |
| Issued capital100 | - | €18.5m | €18.5m | €18.5m | €18.5m | = |
| Reserves13 | €27.9m | €27.7m | €27.6m | €27.6m | €27.6m | = |
| Non-distributable reserves130/1 | - | €13.2m | €13.2m | €1.9m | €1.9m | = |
| Legal reserve130 | - | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Other1319 | - | €11.3m | €11.3m | - | - | - |
| Tax-exempt reserves132 | - | €13.2m | €13.1m | €24.4m | €24.4m | = |
| Distributable reserves133 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | €10.2m | €10.4m | €11.0m | -€1.4m | -€1.1m | ▲ 16.5% |
| Amounts payable17/49 | €12.2m | €20.7m | €24.8m | €19.5m | €18.8m | ▼ 3.6% |
| Amounts payable after more than one year17 | €1.0m | €8.3m | €10.9m | €10.9m | €10.9m | ▼ 0.2% |
| Financial debts170/4 | - | €8.3m | €10.9m | €10.9m | €10.9m | ▼ 0.2% |
| Other loans174 | - | €8.3m | €10.9m | €10.9m | €10.9m | ▼ 0.2% |
| Amounts payable within one year42/48 | €11.2m | €12.2m | €13.6m | €8.1m | €7.1m | ▼ 12.6% |
| Current portion of amounts payable after more than one year42 | - | €1.2m | €2.4m | €2.4m | €2.4m | = |
| Financial debts43 | - | €1.2m | - | - | - | - |
| Other loans439 | - | €1.2m | - | - | - | - |
| Trade debts44 | €163,474 | €161,106 | €114,433 | €106,757 | €80,589 | ▼ 24.5% |
| Suppliers440/4 | - | €161,106 | €114,433 | €106,757 | €80,589 | ▼ 24.5% |
| Taxes, remuneration and social security45 | - | €6,213 | €6,579 | €7,962 | €8,432 | ▲ 5.9% |
| Taxes450/3 | - | €538 | €683 | - | - | - |
| Remuneration and social security454/9 | - | €5,675 | €5,896 | €7,962 | €8,432 | ▲ 5.9% |
| Other amounts payable47/48 | - | €9.6m | €11.1m | €5.6m | €4.6m | ▼ 17.8% |
| Accrued charges and deferred income492/3 | - | €167,464 | €340,268 | €467,783 | €805,769 | ▲ 72.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.3m | -€13,837 | €515,095 | -€12.4m | €223,748 | ▲ 102% |
| + Depreciation and write-downs630 | €25,551 | €31,192 | €22,991 | €22,996 | €20,429 | ▼ 11.2% |
| Operating cash flow (approximation) | -€1.2m | €17,355 | €538,086 | -€12.4m | €244,177 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€7.4m | -€4.6m | €16.0m | €0 | ▼ 100% |
| Change in cash | - | -€34,786 | -€10,338 | -€5,724 | €6,288 | ▲ 210% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Back to profitnet €223,748
Net result €223,748 after one loss-making year.
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet -€12.4m
Net result drops to -€12.4m, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €515,095
Net result €515,095 after 4 loss-making years.
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 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
20 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, Kortrijk · 1 establishment unit since 1996
Ground area
4,066 m²
Building footprint
252 m²
Volume, LiDAR
3,461 m³
Parcel 34354C0020/00T009, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
UCO
since 19962.076.780.490
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0020/00T009 | Flanders | 4,066 m² | 1 · 252 m² | 17.2 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
7 holdingsOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 7
-
75%
- Raymond Uco Denim Private LimitedINSourceown accounts 31-03-2025Equity INR 694.4mResult -INR 795.2m50%
-
50%
-
35.12%
-
25.23%
-
25.23%
-
12.62%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
- 1.53%
According to the annual accounts to 31-03-2025 of UCO 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300O15NQVIUZVYU98
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Of 183 companies in sector 46411 we hold annual accounts for 112. 10 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
Founded20-05-1996
Fiscal year end31-03
Activities, NACEBEL 2025
13200Manufacture of textiles
46411Wholesale trade
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457983322
Registered
20-11-2020
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.