UGAS DIFFUSION
ActiveSummary
UGAS DIFFUSION has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€95,965) and a net result of -€2,520. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 5% of 276 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- -€95,965
- Loss
- -€2,520
Why 53raises riskCapped at 59: negative equityLoss of €2,520, the second in a row (financial year 2026)Negative equity -€95,965lowers riskSize: total assets €4,736Figures for financial year 2026 (filed 23-10-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 5% on solvency, 4% on liquidity, 4% on profitability and 38% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 51 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · micro…
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2026, micro format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result stays negative: a loss of €2,442 in 2026 against €2,107 in 2025; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.4% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,621 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €234 | €291 | ▲ 24.3% |
| Other operating charges640/8 | - | - | - | €348 | €446 | €487 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€745 | -€830 | -€882 | -€741 | €234 | -€2,568 | -€1,485 | -€1,751 | ▼ 17.9% |
| Operating profit (loss)9901 | -€1,093 | -€1,177 | -€1,229 | -€1,088 | -€212 | -€3,055 | -€2,107 | -€2,442 | ▼ 15.9% |
| Financial charges65/66B | - | - | - | €76 | €73 | €77 | -€12 | €78 | - |
| Recurring financial charges65 | €55 | €79 | €74 | €76 | €73 | €77 | -€12 | €78 | - |
| Profit (loss) for the period before taxes9903 | -€1,148 | -€1,257 | -€1,304 | -€1,165 | -€285 | -€3,133 | -€2,095 | -€2,520 | ▼ 20.3% |
| Profit (loss) for the period9904 | -€1,148 | -€1,257 | -€1,304 | -€1,165 | -€285 | -€3,133 | -€2,095 | -€2,520 | ▼ 20.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,148 | -€1,257 | -€1,304 | -€1,165 | -€285 | -€3,133 | -€2,095 | -€2,520 | ▼ 20.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3,761 | €3,764 | €3,761 | €3,770 | €3,767 | €3,961 | €5,011 | €4,736 | ▼ 5.5% |
| Fixed assets21/28 | €0 | €0 | €0 | €0 | €0 | €0 | €1,222 | €931 | ▼ 23.8% |
| Tangible fixed assets22/27 | €0 | €0 | €0 | €0 | €0 | €0 | €1,222 | €931 | ▼ 23.8% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €0 | €1,222 | €931 | ▼ 23.8% |
| Current assets29/58 | €3,761 | €3,764 | €3,761 | €3,770 | €3,767 | €3,961 | €3,789 | €3,805 | ▲ 0.4% |
| Stocks and contracts in progress3 | €3,761 | €3,761 | €3,761 | €3,761 | €3,761 | €3,761 | €3,761 | €3,761 | = |
| Stocks30/36 | - | - | - | €3,761 | €3,761 | €3,761 | €3,761 | €3,761 | = |
| Amounts receivable within one year40/41 | - | - | - | - | €0 | - | €0 | €0 | - |
| Trade receivables40 | - | - | - | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | €0 | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0 | €3 | €0 | €9 | €6 | €199 | €2 | €24 | ▲ 12× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €26 | €20 | ▼ 22.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3,761 | €3,764 | €3,761 | €3,770 | €3,767 | €3,961 | €5,011 | €4,736 | ▼ 5.5% |
| Equity10/15 | -€84,206 | -€85,463 | -€86,767 | -€87,932 | -€88,216 | -€91,349 | -€93,444 | -€95,965 | ▼ 2.7% |
| Contributions10/11 | €18,592 | €18,592 | €0 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€102,798 | -€104,055 | -€105,359 | -€106,524 | -€106,808 | -€109,941 | -€112,036 | -€114,557 | ▼ 2.2% |
| Amounts payable17/49 | €87,968 | €89,227 | €90,528 | €91,702 | €91,983 | €95,310 | €98,455 | €100,701 | ▲ 2.3% |
| Amounts payable after more than one year17 | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | = |
| Other amounts payable178/9 | - | - | - | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | = |
| Amounts payable within one year42/48 | €59,968 | €61,227 | €62,528 | €63,702 | €63,983 | €67,310 | €70,455 | €72,701 | ▲ 3.2% |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Suppliers440/4 | - | - | - | €0 | €0 | - | €0 | €0 | - |
| Other amounts payable47/48 | - | - | - | €63,702 | €63,983 | €67,310 | €70,455 | €72,701 | ▲ 3.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,148 | -€1,257 | -€1,304 | -€1,165 | -€285 | -€3,133 | -€2,095 | -€2,520 | ▼ 20.3% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €234 | €291 | ▲ 24.3% |
| Operating cash flow (approximation) | -€1,148 | -€1,257 | -€1,304 | -€1,165 | -€285 | -€3,133 | -€1,861 | -€2,229 | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€1,456 | €0 | - |
| Change in cash | - | €3 | -€3 | €9 | -€3 | €194 | -€197 | €22 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 23-10-2026 | 2026-00567057 |
| 31-03-2025 | micro format | 29-08-2025 | 2025-00441714 |
| 31-03-2024 | micro format | 15-10-2024 | 2024-00507332 |
| 31-03-2023 | micro format | 24-10-2023 | 2023-00492206 |
| 31-03-2022 | micro format | 07-07-2022 | 2022-20157449 |
| 31-03-2021 | micro format | 10-08-2021 | 2021-47300423 |
| 31-03-2020 | micro format | 28-08-2020 | 2020-46200421 |
| 31-03-2019 | micro format | 11-09-2019 | 2019-63900575 |
| 31-03-2018 | micro format | 20-09-2018 | 2018-63700524 |
| 31-03-2017 | micro format | 26-09-2017 | 2017-62800532 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DELSAUX Didier Jean Jacques Octave Gérard |
|
Owners and capital
Capital and shareholders
- 06-12-2023 Converted to unavailable equity · €18,592.01
- 06-12-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-12
Gazette deed
Appointment: DELSAUX Didier Jean Jacques Octave Gérard (director)Permanent representative: DELSAUX Didier Jean Jacques Octave Gérard · Legal-form conversion · Capital14 facts ▸
- Legal-form conversion, “Société à Responsabilité Limitée” (deed in French)
- Capital, €18,592.01
- Capital conversion, “capitaux propres statutairement indisponibles” (deed in French)
- Other provision, “ancien capital libéré et ancienne réserve légale, suppression du caractère d'indisponibilité des capitaux propres indisponibles et du compte” (deed in French)
- Registered office clause, “4700 EUPEN, Schönefelderweg”, 91 (deed in French)
- Power of attorney
- Purpose change
- Amendment of the articles
- Capital conversion, “compte de capitaux propres statutairement indisponibles” (deed in French)
- Capital
- Other provision, “fonction coordinatrice de la publicité, fin des mandats publiés” (deed in French)
- Director discharge, Laurent GOBLET (mandats principaux et délégués)
- +2 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Schönefelderweg 914700 Eupen1 establishment unit
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- UGAS DIFFUSION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Organe d'administration” (deed in French)1 more provision on this in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Ouvert à toutes les possibilités de la loi, chaque assemblée constituant les mandats” (deed in French)“Sauf décision contraire de l'assemblée générale au moment de la nomination ou de la révocation, administrateurs non statutaires” (deed in French)“Personnes physiques ou morales,actionnaires ou non, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Maintien du régime des statuts préexistants, une action = une voix” (deed in French)2 more provisions on this in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Toute cession d'actions” (deed in French)“Inopposabilité à société et tiers même de bonne foi même si non reprise au registre, décès” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Priorité aux actionnaires ayant exercé totalement jusqu'à souscription entière ou renonciation, cessionnaire éligible selon loi et titre…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed