Summary
ULC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €510,247 and a net result of €329,383. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 57% of 9,701 sector peers (NACE 64, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€864,205total assets 2025
- Equity
- €510,247
- Profit
- €329,383
Turnover not published (abbreviated or micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Accounts 13 days early0 of 2 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 days early
2024
23 days early
2023
50 days early
2022
27 days early
2021
18 days early
2020
29 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 7 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end20-10-2026 today30-04-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- General meeting · Board meetingDirector resignation · Permanent representative
- General meeting · Board meetingDirector resignation · Permanent representative
Financials · financial year 2025, micro format
Equity
€510,247▲ 182%
2024 · €180,864
Net result
€329,383▼ 6.4%
2024 · €352,064
Total assets
€864,205▲ 20.5%
2024 · €717,085
Solvency
59.0%▲ 33.8pp
2024 · 25.2%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 10% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€420,497
2025
Net result€329,383
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€864,205
2025
Equity€510,247
2025
Debt€353,958
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€450,517
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)38.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency59.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.63
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€138,184-€167,333▲ 21.1%€475,753▲ 184%€484,054▲ 1.7%€370,149▼ 23.5%€468,172▲ 26.5%€420,497▼ 10.2%
Net result€105,010-€125,220within the sector's middle half▲ 19.2%€361,298above the sector's middle half▲ 189%€358,615above the sector's middle half▼ 0.7%€280,240above the sector's middle half▼ 21.9%€352,064above the sector's middle half▲ 25.6%€329,383above the sector's middle half▼ 6.4%
Equity€42,656-€42,876below the sector's middle half▲ 0.5%€198,174within the sector's middle half▲ 362%€181,265within the sector's middle half▼ 8.5%€181,265within the sector's middle half=€180,864below the sector's middle half▼ 0.2%€510,247above the sector's middle half▲ 182%
Total assets€256,878-€325,322below the sector's middle half▲ 26.6%€615,824within the sector's middle half▲ 89.3%€790,198within the sector's middle half▲ 28.3%€878,503within the sector's middle half▲ 11.2%€717,085within the sector's middle half▼ 18.4%€864,205above the sector's middle half▲ 20.5%
Debt€214,222-€282,446▲ 31.8%€417,650▲ 47.9%€608,933▲ 45.8%€697,238▲ 14.5%€536,221▼ 23.1%€353,958▼ 34.0%
Working capital-€3,454--€11,375within the sector's middle half▼ 229%€156,936within the sector's middle half€144,471within the sector's middle half▼ 7.9%€156,148within the sector's middle half▲ 8.1%€146,027within the sector's middle half▼ 6.5%€450,517above the sector's middle half▲ 209%
Solvency16.6%-13.2%below the sector's middle half▼ 3.4pp32.2%within the sector's middle half▲ 19.0pp22.9%below the sector's middle half▼ 9.2pp20.6%below the sector's middle half▼ 2.3pp25.2%within the sector's middle half▲ 4.6pp59.0%within the sector's middle half▲ 33.8pp
Current ratio0.98-0.95within the sector's middle half▼ 0.041.44within the sector's middle half▲ 0.491.27within the sector's middle half▼ 0.171.24within the sector's middle half▼ 0.031.28within the sector's middle half▲ 0.042.63within the sector's middle half▲ 1.35
Return on assets (ROA)40.9%-38.5%above the sector's middle half▼ 2.4pp58.7%above the sector's middle half▲ 20.2pp45.4%above the sector's middle half▼ 13.3pp31.9%above the sector's middle half▼ 13.5pp49.1%above the sector's middle half▲ 17.2pp38.1%above the sector's middle half▼ 11.0pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €864,205
Fixed assets
€136,867 ▲ 238%
Current assets
€727,338 ▲ 7.5%
Equity and liabilities €864,205
Equity
€510,247 ▲ 182%
Debt
€353,958 ▼ 34.0%
Debt's share of the balance-sheet total falls from 74.8% to 41.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
64.6%▼
2024 · 194.7%
Debt ≤ 1 year
€276,821▼
2024 · €530,532
Debt > 1 year
€77,137▲
2024 · €5,689
Income taxes
€117,882▼
2024 · €118,022
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,063 | €0 | - | €3,738 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,839 | €21,237 | €31,359 | €29,765 | €33,474 | €32,777 | €38,638 | ▲ 17.9% |
| Other operating charges640/8 | - | - | €4,514 | €4,603 | €4,902 | €2,844 | €3,606 | ▲ 26.8% |
| Non-recurring operating charges66A | - | - | - | - | €437 | €721 | €0 | ▼ 100% |
| Gross operating margin9900 | €158,812 | €191,960 | €511,626 | €518,421 | €408,963 | €504,515 | €462,741 | ▼ 8.3% |
| Operating profit (loss)9901 | €138,184 | €167,333 | €475,753 | €484,054 | €370,149 | €468,172 | €420,497 | ▼ 10.2% |
| Financial income75/76B | - | - | €63 | €89 | €8,065 | €4,725 | €32,827 | ▲ 595% |
| Recurring financial income75 | €70 | €69 | €63 | €89 | €8,065 | €4,725 | €32,827 | ▲ 595% |
| Financial charges65/66B | - | - | €1,069 | €4,831 | €5,588 | €2,811 | €6,060 | ▲ 116% |
| Recurring financial charges65 | €902 | €1,196 | €1,069 | €4,831 | €5,588 | €2,811 | €6,060 | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €137,352 | €166,206 | €474,747 | €479,312 | €372,625 | €470,086 | €447,265 | ▼ 4.9% |
| Income taxes67/77 | €32,342 | €40,986 | €113,449 | €120,697 | €92,385 | €118,022 | €117,882 | ▼ 0.1% |
| Profit (loss) for the period9904 | €105,010 | €125,220 | €361,298 | €358,615 | €280,240 | €352,064 | €329,383 | ▼ 6.4% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €21,050 | - |
| Transfer to tax-exempt reserves689 | - | - | €159,980 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €105,010 | €125,220 | €201,318 | €358,615 | €280,240 | €352,064 | €350,433 | ▼ 0.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €256,878 | €325,322 | €615,824 | €790,198 | €878,503 | €717,085 | €864,205 | ▲ 20.5% |
| Fixed assets21/28 | €79,933 | €126,826 | €98,273 | €101,989 | €69,704 | €40,526 | €136,867 | ▲ 238% |
| Tangible fixed assets22/27 | €79,933 | €126,826 | €98,273 | €101,989 | €69,704 | €40,526 | €136,867 | ▲ 238% |
| Plant, machinery and equipment23 | - | - | €3,861 | €2,626 | €1,462 | €901 | €340 | ▼ 62.3% |
| Furniture and vehicles24 | - | - | €94,412 | €99,363 | €68,242 | €39,625 | €29,403 | ▼ 25.8% |
| Leasing and similar rights25 | - | - | - | - | - | - | €107,125 | - |
| Current assets29/58 | €176,945 | €198,495 | €517,551 | €688,209 | €808,799 | €676,559 | €727,338 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €19,360 | €0 | €11,811 | €67,760 | €47,760 | €151,210 | €19,210 | ▼ 87.3% |
| Trade receivables40 | - | - | €7,260 | €67,760 | €47,760 | €151,210 | €7,260 | ▼ 95.2% |
| Other amounts receivable41 | - | - | €4,551 | €0 | - | - | €11,950 | - |
| Current investments50/53 | - | - | - | €150,566 | €328,447 | €355,749 | €351,399 | ▼ 1.2% |
| Cash at bank and in hand54/58 | €153,666 | €192,801 | €499,555 | €463,689 | €425,574 | €160,927 | €348,407 | ▲ 116% |
| Deferred charges and accrued income490/1 | - | - | €6,184 | €6,193 | €7,018 | €8,673 | €8,323 | ▼ 4.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €256,878 | €325,322 | €615,824 | €790,198 | €878,503 | €717,085 | €864,205 | ▲ 20.5% |
| Equity10/15 | €42,656 | €42,876 | €198,174 | €181,265 | €181,265 | €180,864 | €510,247 | ▲ 182% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,849 | €23,849 | €178,749 | €161,840 | €161,840 | €161,840 | €491,647 | ▲ 204% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | €159,980 | €159,980 | €159,980 | €159,980 | €138,930 | ▼ 13.2% |
| Distributable reserves133 | - | - | €16,909 | €0 | - | €1,860 | €352,717 | ▲ 18,863% |
| Profit (loss) carried forward14 | €208 | €427 | €825 | €825 | €825 | €424 | €0 | ▼ 100% |
| Amounts payable17/49 | €214,222 | €282,446 | €417,650 | €608,933 | €697,238 | €536,221 | €353,958 | ▼ 34.0% |
| Amounts payable after more than one year17 | €33,823 | €72,575 | €57,034 | €64,935 | €44,587 | €5,689 | €77,137 | ▲ 1,256% |
| Financial debts170/4 | - | - | €57,034 | €64,935 | €44,587 | €5,689 | €77,137 | ▲ 1,256% |
| Amounts payable within one year42/48 | €180,399 | €209,871 | €360,615 | €543,738 | €652,651 | €530,532 | €276,821 | ▼ 47.8% |
| Current portion of amounts payable after more than one year42 | - | - | €15,541 | €60,165 | €40,565 | €18,898 | €66,428 | ▲ 252% |
| Financial debts43 | - | - | - | - | - | €20,291 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €20,291 | €0 | ▼ 100% |
| Trade debts44 | €4,274 | €929 | €1,028 | €191 | €1,882 | €1,150 | €4,057 | ▲ 253% |
| Suppliers440/4 | - | - | €1,028 | €191 | €1,882 | €1,150 | €4,057 | ▲ 253% |
| Taxes, remuneration and social security45 | - | - | €65,560 | €16,362 | €19,818 | €45,834 | €17,366 | ▼ 62.1% |
| Taxes450/3 | - | - | €65,560 | €16,362 | €19,818 | €45,834 | €17,366 | ▼ 62.1% |
| Remuneration and social security454/9 | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €278,487 | €467,020 | €590,386 | €444,360 | €188,971 | ▼ 57.5% |
| Accrued charges and deferred income492/3 | - | - | - | €261 | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,010 | €125,220 | €361,298 | €358,615 | €280,240 | €352,064 | €329,383 | ▼ 6.4% |
| + Depreciation and write-downs630 | €17,839 | €21,237 | €31,359 | €29,765 | €33,474 | €32,777 | €38,638 | ▲ 17.9% |
| Operating cash flow (approximation) | €122,849 | €146,456 | €392,657 | €388,380 | €313,714 | €384,842 | €368,021 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | -€68,130 | -€2,806 | -€33,481 | -€1,189 | -€3,600 | -€134,979 | ▼ 3,650% |
| Change in cash | - | €39,135 | €306,755 | -€35,866 | -€38,115 | -€264,647 | €187,479 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 17-04-2026 | 2026-00083183 |
| 30-09-2024 | abbreviated format | 07-04-2025 | 2025-00065861 |
| 30-09-2023 | abbreviated format | 11-03-2024 | 2024-00042486 |
| 30-09-2022 | abbreviated format | 03-04-2023 | 2023-00053334 |
| 30-09-2021 | abbreviated format | 12-04-2022 | 2022-20002564 |
| 30-09-2020 | abbreviated format | 01-04-2021 | 2021-09200518 |
| 30-09-2019 | abbreviated format | 02-04-2020 | 2020-08300041 |
| 30-09-2018 | abbreviated format | 09-04-2019 | 2019-09500286 |
| 30-09-2017 | abbreviated format | 28-03-2018 | 2018-07900258 |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-07600398 |
Similar companies · same sector, comparable size
Ortessa België
BE 0700.954.860
Beveren-Kruibeke-Zwijndrecht · equity €510,190
The Waffle Concept Company
BE 0883.491.836
Brugge · equity €510,313
MALO INVEST
BE 0655.722.770
Lochristi · equity €510,151
SINENCO
BE 0541.588.612
Wevelgem · equity €510,433
ANRICO
BE 0643.790.087
Antwerpen · equity €510,477
Of the 24,462 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,971. 13,714 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Board mandates elsewhere
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
01-12
Gazette deed
General meeting · Board meeting
Director resignation · Permanent representative
01-12
Gazette deed
General meeting · Board meeting
Director resignation · Permanent representative
30-09
Financial
Liquidity more than doubledcurrent ratio 2.63
Current ratio from 1.28 to 2.63; short-term debt falls from €530,532 to €276,821.
30-09
Financial
Equity above €500,000equity €510,247 ▲182%
A profit in every financial year since 2019 builds equity to €510,247.
07-04
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
11-03
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2023
03-04
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
12-04
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
30-09
Financial
Highest result from 2019 to 2025net €361,298 ▲189%
Net result €361,298, the highest in the series.
30-09
Financial
Equity above €150,000equity €198,174 ▲362%
A profit in every financial year since 2019 builds equity to €198,174.
01-04
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
Show earlier events
2020
18-11
Gazette deed
General meeting · Director resignation
Director appointment · Permanent representative
09-09
Gazette deed
General meeting · Director resignation
Director appointment · Permanent representative
02-04
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
09-04
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
28-03
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
30-03
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
08-07
Gazette deed
General meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts
We know of 2 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company
Founded02-04-2015
Financial year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
50100Water transport
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0627925540
Also
9925:BE0627925540
Registered
12-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 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
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2015
Ground area
1,867 m²
Building footprint
224 m²
Building volume
1,063 m³
Parcel 11041A0225/00S000, Flanders · tallest building 8.1 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ULC
since 2015unit no. 2.241.460.855
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11041A0225/00S000 | Flanders | 1,867 m² | 1 · 224 m² | 8.1 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.