Equity
-€12,542
Debts exceed assets in financial year 2025.
UGOLPHI
Lifetime
11 annual accounts with figures on one time axispeak €273,681 (2023)
€254,548▲ 1.8%
lowest -€38,407 (2018)
-€16,460▼ €19,459
peak €7,144 (2015)
-€12,542▼ €16,460
€268,158▼ 1.0%
peak 8.9 FTE (2020)
8.7 FTE▲ 14.5%
Board2 names since 2015
2 directorsBAL NIGHT and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Loss of €16,460Staff from 7.6 FTE to 8.7 FTEEquity from €3,917 to -€12,542Investments €62,750Cash from €44,652 to €12,062
Key points
from the 2025 annual accountsTurnover
≈ €2.4m estimated
The accounts state no turnover.
Debts
€268,158 105% of the balance sheet
Financial debts 19%Suppliers 66%Taxes and wages 8%Other 6%
Of this, €228,587 falls due within a year.
Investments
€62,750 2.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 77.9% higher than in 2024.
Filings
11 annual accounts since 2015
Three of the last ten came late. The 2019 accounts came latest: 84 days after the end of the period.
Position in the sector
-€12,542
Less equity than 88% of companies in retail trade. Sector median €235,781 · 12,866 companies.
Checked score
48
Fair
Financially stronger than 12% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%lowest value
01-2025: 1.3%● unchanged vs 12-2024lowest value
02-2025: 1.3%● unchanged vs 01-2025lowest value
03-2025: 1.3%● unchanged vs 02-2025lowest value
04-2025: 1.4%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.3%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.2 percentage points vs 06-2025
08-2025: 1.6%▲ +0.1 percentage points vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.5%▼ -0.1 percentage points vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.4%▼ -0.1 percentage points vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +1.1 percentage points vs 07-2026
09-2026: 3.4%▲ +0.8 percentage points vs 08-2026highest value
10-2026: 3.3%▼ -0.1 percentage points vs 09-2026
11-2026: 3.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€12,542
Loss of €16,460 (financial year 2025)
Size: 8.7 FTE, total assets €255,615
lowers risk
Founded in 2015
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 47, micro). It does better than 17% of them on solvency, 8% on liquidity, 22% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as UGOLPHI has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of UGOLPHI itself: 3.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,333 companies, not a prediction for UGOLPHI. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.71 (0.91 in 2024), below 1. Short-term debt is 89.4% and cash 4.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€12,542
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
7 days early
2023
7 days early
2022
38 days early
2021
26 days late
2020
3 days early
2019
84 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0597747157
First establishment
LOUIS DELHAIZE, Rue Bas de la Place 11, Namur
Incorporation
published on 20-02-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| UGOLPHI Namur | €255,615 | €254,548 | -4.9% | 8.7 |
| A.D.F Anhée | €279,510 | €259,142 | 20.6% | 9.3 |
| D.VISION Ixelles | €257,654 | €226,220 | -54.6% | 8.5 |
| GOUT ET PASSION Seneffe | €215,145 | €315,196 | -22.4% | 9.4 |
| Zispa Retail Grimbergen | €252,317 | €421,301 | -26.0% | 8.9 |
| HTLR Retail Tessenderlo | €334,437 | €355,466 | 14.5% | 8.8 |
| FLAVOR SHOP Pajottegem | €380,845 | €346,693 | -103.1% | 8.1 |
These companies have the same main activity as UGOLPHI: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €215,000 and €381,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 02-02-2015Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2023
- Establishment unit
- 2.239.552.7275000 Namur, since 10-02-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- €255,615▼ 7.0%
- Employeeson 31-12-2025
- 15▲ 15.4%
- Filing
- Filed on 28-08-2026
Insights on UGOLPHI
UGOLPHI files the abbreviated format. That format states no turnover. The gross margin rose from €215,693 in 2015 to €254,548 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about UGOLPHI
- What is the company number of UGOLPHI?
- The company number of UGOLPHI is 0597.747.157. The VAT number is the same number with BE in front: BE 0597.747.157.
- Where is UGOLPHI based?
- The registered office is at Rue Bas de la Place 11, 5000 Namur.Company details
- What does UGOLPHI do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of UGOLPHI?
- UGOLPHI is a private limited company (BV).
- When was UGOLPHI founded?
- UGOLPHI was founded on 02-02-2015.
- Is UGOLPHI still active?
- Yes, UGOLPHI is an active enterprise in the KBO register.
- How many employees does UGOLPHI have?
- UGOLPHI had an average of 8.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does UGOLPHI fall under?
- In its 2023 annual accounts, UGOLPHI states joint committee 201 (Independent retail).
- What is the turnover of UGOLPHI?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €254,548 and 42 comparable companies (NACE 47110). It probably lies between €2.0m and €3.3m.
- Is UGOLPHI profitable?
- In financial year 2025, UGOLPHI made a loss of €16,460.
- Where can I find the annual accounts of UGOLPHI?
- UGOLPHI filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of UGOLPHI due?
- UGOLPHI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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