UKKO
ActiveSummary
The computed 12-month bankruptcy probability of UKKO is 2.9% (moderate). The 2025 annual accounts show negative equity (€-130k) and a net result of €-137k. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 11389 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-10
Solvency21▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.64 in 2024; short-term debt: 27.7% and cash: 0% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-4.1%
Return on assets
-4.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-130k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
53 d early
2024
14 d late
2023
19 d early
2022
29 d late
2021
24 d late
2020
50 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-137k▲ 8.2%
2024 · €-149k
Working capital
€-739k▼ 48.7%
2024 · €-497k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22k▲ 3.7%€117k▲ 434%€70k▼ 40.2%€-24k€-9k▲ 63.0%
Net result€10k▼ 35.7%€99k▲ 862%€3k▼ 96.7%€-149k€-137k▲ 8.2%
Equity€54k▲ 23.4%€153k▲ 182%€156k▲ 2.2%€7k▼ 95.8%€-130k
Total assets€1.25M▲ 101%€1.78M▲ 42.9%€1.69M▼ 5.0%€3.93M▲ 132%€3.17M▼ 19.4%
Debt€1.19M▲ 107%€1.63M▲ 36.6%€1.54M▼ 5.7%€3.92M▲ 155%€3.30M▼ 15.9%
Working capital€-674k€-103k▲ 84.8%€-147k▼ 43.2%€-497k▼ 238%€-739k▼ 48.7%
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €24k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.17M
Fixed assets
€3.03M ▼ 0.7%
Current assets
€139k ▼ 84.2%
Key figures and ratios
EBITDA
€84k▼
2024 · €219k
Cash flow
€-44k▼
2024 · €93k
Solvency
-4.1%▼
2024 · 0.2%
Current ratio
0.16▼
2024 · 0.64
Quick ratio
0.11▲
2024 · 0.06
Debt to equity
-25.29
ROA
-4.3%▼
2024 · -3.8%
Interest coverage
0.62▼
2024 · 1.75
Debt ≤ 1 year
€878k▼
2024 · €1.38M
Debt > 1 year
€2.42M▼
2024 · €2.55M
Income taxes
€0▼
2024 · €671
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €107k | €27k | €242k | €93k | ▼ 61.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1k | €0 | - | - |
| Other operating charges640/8 | €226 | €2k | €4k | €5k | €3k | ▼ 37.8% |
| Non-recurring operating charges66A | - | - | €3k | €0 | - | - |
| Gross operating margin9900 | €24k | €227k | €104k | €223k | €87k | ▼ 60.9% |
| Operating profit (loss)9901 | €22k | €117k | €70k | €-24k | €-9k | ▲ 63.0% |
| Financial income75/76B | €41 | €1 | €1k | €47 | €8k | ▲ 16,023% |
| Recurring financial income75 | €41 | €1 | €1k | €47 | €8k | ▲ 16,023% |
| Financial charges65/66B | €9k | €17k | €66k | €125k | €136k | ▲ 8.8% |
| Recurring financial charges65 | €9k | €17k | €66k | €125k | €136k | ▲ 8.8% |
| Profit (loss) for the period before taxes9903 | €13k | €101k | €5k | €-149k | €-137k | ▲ 7.7% |
| Income taxes67/77 | €3k | €2k | €2k | €671 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €10k | €99k | €3k | €-149k | €-137k | ▲ 8.2% |
| Profit (loss) for the period to be appropriated9905 | €10k | €99k | €3k | €-149k | €-137k | ▲ 8.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.25M | €1.78M | €1.69M | €3.93M | €3.17M | ▼ 19.4% |
| Fixed assets21/28 | €741k | €732k | €964k | €3.05M | €3.03M | ▼ 0.7% |
| Intangible fixed assets21 | €615 | €32 | - | - | - | - |
| Tangible fixed assets22/27 | €8k | €682k | €915k | €3.00M | €3.03M | ▲ 0.9% |
| Land and buildings22 | - | €676k | €886k | €2.98M | €2.98M | ▲ 0.1% |
| Furniture and vehicles24 | €8k | €6k | €29k | €24k | €49k | ▲ 107% |
| Financial fixed assets28 | €732k | €50k | €50k | €50k | €0 | ▼ 100% |
| Current assets29/58 | €506k | €1.05M | €727k | €878k | €139k | ▼ 84.2% |
| Stocks and contracts in progress3 | €304k | €878k | €594k | €792k | €45k | ▼ 94.3% |
| Stocks30/36 | €94k | €878k | €594k | €792k | €45k | ▼ 94.3% |
| Contracts in progress37 | €210k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €161k | €163k | €131k | €85k | €91k | ▲ 7.2% |
| Trade receivables40 | €32k | €119k | €103k | €55k | €20k | ▼ 64.6% |
| Other amounts receivable41 | €128k | €44k | €27k | €30k | €72k | ▲ 140% |
| Cash at bank and in hand54/58 | €37k | €501 | €2k | €446 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €4k | €9k | €662 | €635 | €2k | ▲ 251% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.25M | €1.78M | €1.69M | €3.93M | €3.17M | ▼ 19.4% |
| Equity10/15 | €54k | €153k | €156k | €7k | €-130k | ▼ 2,070% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €797 | €797 | €797 | €797 | €797 | = |
| Non-distributable reserves130/1 | €797 | €797 | €797 | €797 | €797 | = |
| Reserves not available under the articles1311 | €797 | €797 | €797 | €797 | €797 | = |
| Profit (loss) carried forward14 | €35k | €133k | €136k | €-13k | €-150k | ▼ 1,073% |
| Amounts payable17/49 | €1.19M | €1.63M | €1.54M | €3.92M | €3.30M | ▼ 15.9% |
| Amounts payable after more than one year17 | €13k | €477k | €657k | €2.55M | €2.42M | ▼ 5.0% |
| Financial debts170/4 | €13k | €476k | €646k | €2.53M | €2.40M | ▼ 5.2% |
| Other amounts payable178/9 | - | €860 | €11k | €21k | €26k | ▲ 24.1% |
| Amounts payable within one year42/48 | €1.18M | €1.15M | €874k | €1.38M | €878k | ▼ 36.1% |
| Current portion of amounts payable after more than one year42 | - | €19k | €28k | €27k | €102k | ▲ 280% |
| Financial debts43 | €644k | €913k | €585k | €690k | €107k | ▼ 84.4% |
| Credit institutions430/8 | €644k | €913k | €585k | €690k | €107k | ▼ 84.4% |
| Trade debts44 | €108k | €64k | €98k | €28k | €28k | ▼ 2.0% |
| Suppliers440/4 | €108k | €64k | €98k | €28k | €28k | ▼ 2.0% |
| Advances received on contracts in progress46 | €371k | €50k | €32k | €0 | €23k | - |
| Taxes, remuneration and social security45 | €10k | €21k | €22k | €5k | €3k | ▼ 40.0% |
| Taxes450/3 | €10k | €21k | €22k | €5k | €3k | ▼ 40.0% |
| Other amounts payable47/48 | €46k | €85k | €109k | €625k | €615k | ▼ 1.6% |
| Accrued charges and deferred income492/3 | - | - | €4k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €99k | €3k | €-149k | €-137k | ▲ 8.2% |
| + Depreciation and write-downs630 | €1k | €107k | €27k | €242k | €93k | ▼ 61.6% |
| Operating cash flow (approximation) | €12k | €206k | €30k | €93k | €-44k | ▼ 147% |
| Investment in fixed assets (approximation) | - | €-98k | €-259k | €-2.33M | €-71k | ▲ 97.0% |
| Change in cash | - | €-37k | €2k | €-2k | €-446 | ▲ 73.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
31-12
Financial
Weakest financial yearnet €-149k
Net result drops to €-149k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2019net €99k ▲862%
Operating result €117k, net result €99k, both a record.
31-12
Financial
Equity above €150kEq €153k ▲182%
4 profitable years in a row build equity to €153k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Elsene · 1 establishment unit since 2019
Ground area
257 m²
Building footprint
130 m²
Volume, LiDAR
1,495 m³
Parcel 21445C0264/00B010, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
UKKO
since 20192.285.499.548
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0264/00B010 | Brussels | 257 m² | 1 · 130 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500C3EBDD451DBE38
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Of 1,135 companies in sector 46130 we hold annual accounts for 646. 234 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
43320Joinery installation
43332Laying of wooden floor and wall coverings
46150Agents in the wholesale of furniture, household goods and hardware
47524Retail trade
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.