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UGV CONSTRUCT

Active
Private limited companyfounded 2023active for 3 yearsKoning Albert I Laan 31, 1780 Wemmel, BelgiumKBO/BCE: BE 0798.183.702
Summary

The computed 12-month bankruptcy probability of UGV CONSTRUCT is 3.0% (moderate). The 2026 annual accounts show equity of €34,660 and a net result of €11,428. Equity has been growing by about 51% per year since 2024. Its solvency ranks better than 60% of 41 sector peers (NACE 81, financial year 2026). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 07-02-2023 Normal situation
Activity
Other building cleaning and industrial cleaning NACE 81220and 2 others
Establishment unit
2.343.053.410 1780 Wemmel, since 24-03-2023
Financial year end
31 January
Peppol
Reachable

Board and ownership

Board

Financial position

52 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
3.0%
Annual accounts to 31-01-2026
Gross margin
€24,252
▲ 19.9%
Turnover
≈ €210,000
estimated
Profit
€11,428
▼ 8.3%
Equity
€34,660
▲ 49.2%
Total assets
€77,929
▲ 64.1%
  • 2026 accounts filed 29 days after the deadline
Score breakdownraises riskFounded in 2023Size: total assets €77,929Last filed accounts filed 29 days late; 1 of the last 3 accounts lateSector: Services to buildings and landscape activities (NACE 81)Show the evidence

Checked score

Score 2026
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 57% of micro companies in building services and landscaping (NACE 81)
Financial strength · tick: 2025
Strong
Solvency 69-5
equity 44.5% of total assets
Liquidity 34-2
short-term debt 40.1% · cash 2.5%
Profitability 87-13
return on assets 14.7%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (7,710 companies, NACE 81, micro)
Last 24 months 12-2024: 2.5%lowest value 01-2025: 2.6%▲ +0.1 percentage points vs 12-2024 02-2025: 2.7%▲ +0.1 percentage points vs 01-2025 03-2025: 2.7%● unchanged vs 02-2025 04-2025: 3.0%▲ +0.3 percentage points vs 03-2025 05-2025: 3.0%● unchanged vs 04-2025 06-2025: 3.0%● unchanged vs 05-2025 07-2025: 3.0%● unchanged vs 06-2025 08-2025: 3.0%● unchanged vs 07-2025 09-2025: 3.7%▲ +0.7 percentage points vs 08-2025highest value 10-2025: 2.7%▼ -1.0 percentage point vs 09-2025 11-2025: 2.7%● unchanged vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 2.7%● unchanged vs 12-2025 02-2026: 2.7%● unchanged vs 01-2026 03-2026: 2.6%▼ -0.1 percentage points vs 02-2026 04-2026: 2.7%▲ +0.1 percentage points vs 03-2026 05-2026: 2.7%● unchanged vs 04-2026 06-2026: 2.8%▲ +0.1 percentage points vs 05-2026 07-2026: 2.7%▼ -0.1 percentage points vs 06-2026 08-2026: 2.8%▲ +0.1 percentage points vs 07-2026 09-2026: 3.2%▲ +0.4 percentage points vs 08-2026 10-2026: 3.0%▼ -0.2 percentage points vs 09-2026 11-2026: 3.0%● unchanged vs 10-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.79 (1.71 in 2025), above the usual 1.5. Short-term debt is 40.1% and cash 2.5% of total assets. However, 55.5% of the assets are financed with debt and provisions.
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 81, micro). It does better than 53% of them on solvency, 25% on liquidity, 71% on profitability and 81% 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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises risk
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €77,929
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 29 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Services to buildings and landscape activities (NACE 81)
KBO
raises risk · 2026 accounts filed 29 days late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 29-09-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2026
29 days late
2025
12 days late
2024
40 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 27 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 29 September (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-01-2027 year end31-08-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Financials

Financials · financial year 2026, abbreviated format

2026 annual accounts filed 29 days after the deadline Filed on 29 September 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00530835.

Annual accounts 2026 filed on 29-09-2026 at the NBB all 3 filings

Turnover
€301,552
EBIT margin
4.2%
Net result
€11,428▼ 8.3%
2025 · €12,468
Working capital
€24,613▲ 44.0%
2025 · €17,095
Multi-year overview
2024 to 2026, 3 financial years
Turnover
no figure
2026
20242026
Operating result
€16,383
▲ 1.1% 2026
20242026
Net result
€11,428
▼ 8.3% 2026
20242026
EBIT margin
no figure
2026
20242026
Equity
€34,660
▲ 49.2% 2026
20242026
Total assets
€77,929
▲ 64.1% 2026
20242026
Debt
€43,269
▲ 78.5% 2026
20242026
Working capital
€24,613
▲ 44.0% 2026
20242026
Solvency
44.5%
▼ 4.5pp 2026
20242026
Current ratio
1.79
▲ 0.08 2026
20242026
Return on assets (ROA)
14.7%
▼ 11.6pp 2026
20242026
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line202420252026
Turnover€301,552-
Operating result€12,709-€16,203▲ 27.5%€16,383▲ 1.1%
Net result€9,764within the sector's middle half-€12,468within the sector's middle half▲ 27.7%€11,428▼ 8.3%
EBIT margin4.2%-
Equity€10,764below the sector's middle half-€23,232below the sector's middle half▲ 116%€34,660▲ 49.2%
Total assets€32,397below the sector's middle half-€47,476below the sector's middle half▲ 46.5%€77,929▲ 64.1%
Debt€21,633-€24,245▲ 12.1%€43,269▲ 78.5%
Working capital€2,716within the sector's middle half-€17,095within the sector's middle half▲ 529%€24,613▲ 44.0%
Solvency33.2%within the sector's middle half-48.9%within the sector's middle half▲ 15.7pp44.5%▼ 4.5pp
Current ratio1.13within the sector's middle half-1.71within the sector's middle half▲ 0.581.79▲ 0.08
Return on assets (ROA)30.1%above the sector's middle half-26.3%above the sector's middle half▼ 3.9pp14.7%▼ 11.6pp
above within below The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2026 is 1% higher than in 2025 and the highest since 2024. It is the second rise in a row.

Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €77,929
Fixed assets €22,056 ▲ 259%
Current assets €55,873 ▲ 35.2%
Equity and liabilities €77,929
Equity €34,660 ▲ 49.2%
Debt €43,269 ▲ 78.5%
Debt's share of the balance-sheet total rises from 51.1% to 55.5%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€23,657▲
2025 · €19,544
Cash flow
€18,702▲
2025 · €15,808
Debt to equity
1.25▲
2025 · 1.04
ROE
33.0%▼
2025 · 53.7%
Interest coverage
19.55▼
2025 · 45.62
Debt ≤ 1 year
€31,261▲
2025 · €24,245
Debt > 1 year
€12,008
Income taxes
€3,744▲
2025 · €3,307
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item31-01-202431-01-202531-01-2026
Tangible fixed assets€10,844€1,429€22,968
Financial fixed assets--€225
Depreciation and write-downs of the year€2,796€3,340€7,274

Source: notes to the 2024 to 2026 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 36 lines
Balance sheet Code20252026
Assets
Total assets20/58€47,476€77,929▲
Fixed assets21/28€6,136€22,056▲
Tangible fixed assets22/27€6,136€21,831▲
Furniture and vehicles24€6,136€21,831▲
Financial fixed assets28-€225
Current assets29/58€41,340€55,873▲
Amounts receivable within one year40/41€36,801€53,895▲
Trade receivables40€34,880€53,773▲
Other amounts receivable41€1,921€122▼
Cash at bank and in hand54/58€4,539€1,978▼
Equity and liabilities
Total equity and liabilities10/49€47,476€77,929▲
Equity10/15€23,232€34,660▲
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€22,232€33,660▲
Amounts payable17/49€24,245€43,269▲
Amounts payable after more than one year17-€12,008
Financial debts170/4-€12,008
Amounts payable within one year42/48€24,245€31,261▲
Current portion of amounts payable after more than one year42-€5,162
Trade debts44€937€5,020▲
Suppliers440/4€937€5,020▲
Taxes, remuneration and social security45€23,307€21,079▼
Taxes450/3€3,307€7,150▲
Remuneration and social security454/9€20,000€13,928▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,340€7,274▲
Other operating charges640/8€681€596▼
Gross operating margin9900€20,225€24,252▲
Operating profit (loss)9901€16,203€16,383▲
Financial charges65/66B€428€1,210▲
Recurring financial charges65€428€1,210▲
Profit (loss) for the period before taxes9903€15,775€15,173▼
Income taxes67/77€3,307€3,744▲
Profit (loss) for the period9904€12,468€11,428▼
Profit (loss) for the period to be appropriated9905€12,468€11,428▼
Appropriation of the result
Profit (loss) to be appropriated9906€22,232€33,660▲
Profit (loss) brought forward from the previous period14P€9,764€22,232▲

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 29-09-2026.

Line202420252026Change
Turnover70€301,552---
Goods, raw materials, services and sundry goods60/61€285,442---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,796€3,340€7,274▲ 118%
Other operating charges640/8€605€681€596▼ 12.6%
Gross operating margin9900€16,110€20,225€24,252▲ 19.9%
Operating profit (loss)9901€12,709€16,203€16,383▲ 1.1%
Financial income75/76B€32---
Recurring financial income75€32---
Financial charges65/66B€267€428€1,210▲ 182%
Recurring financial charges65€267€428€1,210▲ 182%
Profit (loss) for the period before taxes9903€12,474€15,775€15,173▼ 3.8%
Income taxes67/77€2,711€3,307€3,744▲ 13.2%
Profit (loss) for the period9904€9,764€12,468€11,428▼ 8.3%
Profit (loss) for the period to be appropriated9905€9,764€12,468€11,428▼ 8.3%
Line202420252026Change
Assets
Total assets20/58€32,397€47,476€77,929▲ 64.1%
Fixed assets21/28€8,048€6,136€22,056▲ 259%
Tangible fixed assets22/27€8,048€6,136€21,831▲ 256%
Furniture and vehicles24€8,048€6,136€21,831▲ 256%
Financial fixed assets28--€225-
Current assets29/58€24,349€41,340€55,873▲ 35.2%
Amounts receivable within one year40/41€18,696€36,801€53,895▲ 46.4%
Trade receivables40€15,652€34,880€53,773▲ 54.2%
Other amounts receivable41€3,044€1,921€122▼ 93.6%
Cash at bank and in hand54/58€5,654€4,539€1,978▼ 56.4%
Equity and liabilities
Total equity and liabilities10/49€32,397€47,476€77,929▲ 64.1%
Equity10/15€10,764€23,232€34,660▲ 49.2%
Contributions10/11€1,000€1,000€1,000=
Profit (loss) carried forward14€9,764€22,232€33,660▲ 51.4%
Amounts payable17/49€21,633€24,245€43,269▲ 78.5%
Amounts payable after more than one year17--€12,008-
Financial debts170/4--€12,008-
Amounts payable within one year42/48€21,633€24,245€31,261▲ 28.9%
Current portion of amounts payable after more than one year42--€5,162-
Trade debts44€12,723€937€5,020▲ 435%
Suppliers440/4€5,202€937€5,020▲ 435%
Bills of exchange payable441€7,520---
Taxes, remuneration and social security45€8,911€23,307€21,079▼ 9.6%
Taxes450/3€2,711€3,307€7,150▲ 116%
Remuneration and social security454/9€6,200€20,000€13,928▼ 30.4%
Line202420252026Change
Profit (loss) for the period9904€9,764€12,468€11,428▼ 8.3%
+ Depreciation and write-downs630€2,796€3,340€7,274▲ 118%
Operating cash flow (approximation)€12,560€15,808€18,702▲ 18.3%
Investment in fixed assets (approximation)--€1,429-€23,193▼ 1,523%
Change in cash--€1,115-€2,560▼ 130%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as UGV CONSTRUCT has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.9% was still going
2.3% stopped otherwise
1.8% went bankrupt

The bankruptcy probability of UGV CONSTRUCT itself is higher: 3.0% within 12 months. It rests on far more data about UGV CONSTRUCT 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for UGV CONSTRUCT. 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.

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-01-2026 abbreviated format 29-09-2026 2026-00530835 PDF
31-01-2025 abbreviated format 12-09-2025 2025-00490532 PDF
31-01-2024 abbreviated format 10-10-2024 2024-00507615 PDF

Board & ownership

Directors

Directors
1 director, no change since 2023
URSULEAN Gheorghe
Director (not named in the articles) · appointed in the act of 09-02-2023 · term without a fixed end
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 09-02-2023

Owners and capital

Shareholders

Stated in the act act of 09-04-2025 ↗
  • HERHELEZHIU TRAIAN actieve partner
  • URSULEAN GHEORGHE 75 shares
  • URSULEAN MARIUS 10 shares
  • URSULIAN VIKTOR 5 shares
  • MUSEAC VITALII 5 shares
  • URSULIAN VASYL 5 shares
Share transfer act of 09-04-2025 ↗
At incorporation act of 09-02-2023 ↗
  • URSULEAN Gheorghe 80 shares (80%) · €800
  • URSULIAN Marius 10 shares (10%) · €100
  • HERHELEZHIU Traian 10 shares (10%) · €100

Capital transactions

Capital over time
  1. 09-02-2023 Incorporation · €1,000 · 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 09-02-2023 (in Dutch)

Network & group

UGV CONSTRUCT shares no director with another company.

Companies at the same address

3 other companies

Connections & network

1 current director
Depth

The network starts from the directors of UGV CONSTRUCT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2027 accounts: 31-08-2027
2026
29-09
NBB filing Annual accounts 2026 filedNBB
abbreviated format · 29 days late
2025
12-09
NBB filing Annual accounts 2025 filedPDF
abbreviated format · 12 days late
09-04
Gazette deed Transfer of 10 shares
Partner · Shareholding8 points ▸
  • General meeting, 19:30, “Buitengewone Algemene Vergadering” (deed in Dutch)
  • Partner, HERHELEZHIU TRAIAN (actieve partner)
  • Share transfer, HERHELEZHIU TRAIAN → URSULEAN GHEORGHE
  • URSULEAN GHEORGHE holds 75 shares
  • URSULEAN MARIUS holds 10 shares
  • URSULIAN VIKTOR holds 5 shares
  • MUSEAC VITALII holds 5 shares
  • URSULIAN VASYL holds 5 shares

Open the act in the Belgian Official Gazette

31-01
Financial Highest result from 2024 to 2026net €12,468 ▲27.7%
The net result of €12,468 is the highest of those years.
2024
10-10
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 40 days late
2023
09-02
Gazette deed Incorporation
Starting capital €1,000 · Appointment: URSULEAN Gheorghe (director) · Founder12 points ▸
  • Founder, URSULEAN Gheorghe (comparant)
  • Founder, URSULIAN Marius (comparant)
  • Founder, HERHELEZHIU Traian (comparant)
  • Other provision, “bijstand comparanten, bijstand door vertaler” (deed in Dutch)
  • Other provision, “echtgenote, echtgenoot van URSULEAN Gheorghe is Herhelezhiu Daniela” (deed in Dutch)
  • Incorporation, “UGV CONSTRUCT” (deed in Dutch)
  • Founding capital, €1,000
  • Capital
  • Board rule, 1
  • Director appointment, URSULEAN Gheorghe (director (not named in the articles))
  • Other provision, “dag verkrijging rechtspersoonlijkheid,dag neerlegging griffie uitgifte oprichtingsakte, begin werkzaamheden” (deed in Dutch)
  • Other provision, “Roemeens, vertaling” (deed in Dutch)

Open the act in the Belgian Official Gazette

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

UGV CONSTRUCT was incorporated on 7 February 2023 as a private limited company by three natural persons, with a starting capital of €1,000.12 URSULEAN Gheorghe is director of the company, appointed in the act of 09-02-2023.2 Total assets rose from €32,397 in 2024 to €77,929 in 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 09-02-2023
  3. 3National Bank, annual accounts 2024 and 2026

Company details

Register details

Identity

KBO record
Name UGV CONSTRUCT in Dutch
Enterprise number 0798.183.702
Legal form Private limited company
Status Active, normale toestand
Founded 07-02-2023
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-02-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, exploitatiezetels oprichten of opheffen bij enkel besluit bestuursorgaan voor zover geen wijziging taalregime”
deed of 09-02-2023 (in Dutch)

Registered office and establishments

Registered office Koning Albert I Laan 31, 1780 Wemmel, Belgium
Establishment unit UGV CONSTRUCT, Koning Albert I Laan 31, 1780 Wemmel since 24-03-2023 · unit number 2.343.053.410

Activities

NACEBEL 2025
81220 Other building cleaning and industrial cleaning main activity
43230 Insulation installation
43350 Other building finishing work
Codes under NACEBEL 2008
43992 Specialised construction activities main activity
43291 Specialised construction activities
43390 Specialised construction activities

Invoicing and payment

VAT number BE 0798.183.702
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0798183702
Other Peppol ID 9925:BE0798183702

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 2 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0798.183.702

Financial year and general meeting

Accounts at the NBB
Financial year end 31-01
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITEL V. ALGEMENE VERGADERING Artikel 17. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
deed of 09-02-2023 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
258 m²
Building footprint
115 m²
Building volume
1,347 m³
Cadastral parcel Region Area Buildings Height / floors
22662B0379/00E002 Flanders 258 m² 1 · 114 m² 16.0 m · 4