UCR Projects
ActiveSummary
UCR Projects has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,143 and a net result of €1,695, of which €3,344 non-recurring income. Equity has been growing by about 20% per year since 2023. Its solvency ranks better than 63% of 11,772 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-09-2023 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 3 others
- Establishment unit
- 2.350.061.065 9100 Sint-Niklaas, since 13-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 16-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €26,176
- ▼ 49.6%
- Turnover
- ≈ €79,000
- estimated
- Profit
- €1,695
- ▼ 91.4%
- Equity
- €55,143
- ▲ 3.2%
- Total assets
- €83,383
- ▼ 38.6%
Score breakdownraises riskFounded in 2023Size: total assets €83,383lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Figures for financial year 2025 (filed on 15-07-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 64% of them on solvency, 26% on liquidity, 34% on profitability and 47% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 14 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 85% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €80,315 | €2,703 | €11,043 |
| Depreciation and write-downs of the year | €4,962 | €22,238 | €18,967 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €355 awarded · €355 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €122 | €122 |
| 2024 | 1 | €0 | €233 |
| 2023 | 1 | €233 | €0 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,344 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,962 | €22,238 | €18,967 | ▼ 14.7% |
| Other operating charges640/8 | - | €444 | €1,399 | ▲ 215% |
| Non-recurring operating charges66A | - | - | €1,463 | - |
| Gross operating margin9900 | €44,730 | €51,906 | €26,176 | ▼ 49.6% |
| Operating profit (loss)9901 | €39,768 | €29,225 | €4,347 | ▼ 85.1% |
| Financial income75/76B | €577 | €2,565 | €3,467 | ▲ 35.2% |
| Recurring financial income75 | €577 | €2,565 | €3,467 | ▲ 35.2% |
| Financial charges65/66B | €720 | €5,146 | €3,529 | ▼ 31.4% |
| Recurring financial charges65 | €720 | €5,146 | €3,529 | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | €39,625 | €26,644 | €4,286 | ▼ 83.9% |
| Income taxes67/77 | €8,346 | €6,975 | €2,590 | ▼ 62.9% |
| Profit (loss) for the period9904 | €31,279 | €19,669 | €1,695 | ▼ 91.4% |
| Profit (loss) for the period to be appropriated9905 | €31,279 | €19,669 | €1,695 | ▼ 91.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €122,174 | €135,762 | €83,383 | ▼ 38.6% |
| Fixed assets21/28 | €75,353 | €55,819 | €12,172 | ▼ 78.2% |
| Tangible fixed assets22/27 | €75,353 | €55,819 | €12,172 | ▼ 78.2% |
| Furniture and vehicles24 | €75,353 | €55,819 | €12,172 | ▼ 78.2% |
| Current assets29/58 | €46,821 | €79,943 | €71,211 | ▼ 10.9% |
| Amounts receivable within one year40/41 | €34,594 | €74,952 | €67,139 | ▼ 10.4% |
| Trade receivables40 | €2,395 | €12,930 | €6,509 | ▼ 49.7% |
| Other amounts receivable41 | €32,199 | €62,022 | €60,630 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €12,226 | €4,098 | €3,869 | ▼ 5.6% |
| Deferred charges and accrued income490/1 | - | €893 | €202 | ▼ 77.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €122,174 | €135,762 | €83,383 | ▼ 38.6% |
| Equity10/15 | €33,779 | €53,448 | €55,143 | ▲ 3.2% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €31,279 | €50,948 | €52,643 | ▲ 3.3% |
| Distributable reserves133 | €31,279 | €50,948 | €52,643 | ▲ 3.3% |
| Amounts payable17/49 | €88,395 | €82,314 | €28,239 | ▼ 65.7% |
| Amounts payable after more than one year17 | €44,666 | €42,738 | €6,812 | ▼ 84.1% |
| Financial debts170/4 | €44,666 | €42,738 | €6,812 | ▼ 84.1% |
| Amounts payable within one year42/48 | €43,461 | €39,155 | €20,685 | ▼ 47.2% |
| Current portion of amounts payable after more than one year42 | €12,383 | €15,335 | €3,071 | ▼ 80.0% |
| Trade debts44 | €21,516 | €5,137 | €2,295 | ▼ 55.3% |
| Suppliers440/4 | €21,516 | €5,137 | €2,295 | ▼ 55.3% |
| Taxes, remuneration and social security45 | €9,561 | €18,682 | €15,319 | ▼ 18.0% |
| Taxes450/3 | €9,561 | €18,682 | €15,319 | ▼ 18.0% |
| Accrued charges and deferred income492/3 | €268 | €421 | €743 | ▲ 76.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,279 | €19,669 | €1,695 | ▼ 91.4% |
| + Depreciation and write-downs630 | €4,962 | €22,238 | €18,967 | ▼ 14.7% |
| Operating cash flow (approximation) | €36,241 | €41,907 | €20,662 | ▼ 50.7% |
| Investment in fixed assets (approximation) | - | -€2,703 | €24,680 | - |
| Change in cash | - | -€8,128 | -€229 | ▲ 97.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as UCR Projects has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of UCR Projects itself is lower: 0.4% within 12 months. It rests on far more data about UCR Projects than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for UCR Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- UCARER Ümit 100 shares (100%) · €2,500
Capital transactions
- 15-09-2023 Incorporation · €2,500 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 15-09-2023 (in Dutch)
Network & group
UCR Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of UCR Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-09
Gazette deed
IncorporationAppointment: UCARER Ümit (director) · Founder · Founding capital6 points ▸
- Founder, UCARER Ümit
- Founding capital, €2,500
- Registered office clause, “9100 Sint-Niklaas,Heistraat 113 A202” (deed in Dutch)
- Board rule, 1
- Director appointment, UCARER Ümit (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank