UGS DISTRIBUTION
ActiveThe computed 12-month bankruptcy probability of UGS DISTRIBUTION is 7.6% (elevated). For UGS DISTRIBUTION, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €22k and a net result of €15k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 6119 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability81▲+81
Solvency41▼-8
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
7.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
15.7%
Return on assets
10.2%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-08-2024, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
23 d late
2022
151 d late
2021
138 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€22k▲ 183%
2022 · €8k
2021: €15k
2022: €8k
2021 → 2023
Total assets
€143k▲ 339%
2022 · €33k
2021: €43k
2022: €33k
2021 → 2023
Net result
€15k
2022 · €-7k
2021: €5k
2022: €-7k
2021 → 2023
Working capital
€-1k▼ 0.6%
2022 · €-1k
2021: €-37
2022: €-1k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€15k-€8k▼ 46.7%€22k▲ 183%
Operating result€7k-€-6k€19k
Net result€5k-€-7k€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €19k after a loss of €6k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €143k
Fixed assets
€79k▲ 745%
Current assets
€64k▲ 175%
Equity and liabilities €143k
Equity
€22k▲ 183%
Debt
€121k▲ 389%
The debt ratio rises from 75.6% to 84.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2022 · €-3k
Cash flow
€28k▲
2022 · €-3k
Solvency
15.7%▼
2022 · 24.4%
Current ratio
0.98▲
2022 · 0.94
Quick ratio
0.98▲
2022 · 0.94
Debt / equity
5.36▲
2022 · 3.10
ROE
64.7%▲
2022 · -87.6%
ROA
10.2%▲
2022 · -21.4%
Interest coverage
10.58▲
2022 · -4.51
Debt
€121k▲
2022 · €25k
Debt ≤ 1 year
€65k▲
2022 · €25k
Debt > 1 year
€55k
Income taxes
€1k
Staff costs
€36k▲
2022 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€33k€143k▲
Fixed assets21/28€9k€79k▲
Tangible fixed assets22/27€9k€79k▲
Furniture and vehicles24€9k€6k▼
Leasing and similar rights25-€73k
Current assets29/58€23k€64k▲
Amounts receivable within one year40/41€17k€46k▲
Trade receivables40€17k€46k▲
Cash at bank and in hand54/58€6k€17k▲
Deferred charges and accrued income490/1-€502
Equity and liabilities
Total equity and liabilities10/49€33k€143k▲
Equity10/15€8k€22k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-2k€12k▲
Amounts payable17/49€25k€121k▲
Amounts payable after more than one year17-€55k
Financial debts170/4-€55k
Amounts payable within one year42/48€25k€65k▲
Current portion of amounts payable after more than one year42-€17k
Trade debts44€1k€20k▲
Suppliers440/4€1k€20k▲
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€9k€9k▼
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€13k€15k▲
Income statement
Code20222023
Remuneration, social security and pensions62€32k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€13k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€33k€72k▲
Operating profit (loss)9901€-6k€19k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€630€3k▲
Recurring financial charges65€630€3k▲
Profit (loss) for the period before taxes9903€-7k€16k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-7k€15k▲
Profit (loss) for the period to be appropriated9905€-7k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€12k▲
Profit (loss) brought forward from the previous period14P€5k€-2k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Weakest financial yearnet €-7k ▼242%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 138 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Bosstraat 281030 SchaarbeekGround area
122 m²
Building footprint
78 m²
Volume, LiDAR
1,047 m³
Parcel 21904B0515/00W003, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
UGS DISTRIBUTION
since 20202.311.173.963
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0515/00W003 | Brussels | 122 m² | 1 · 78 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2020
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
49420Removal services
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.