Summary
ULN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €9k and a net result of €8k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 9863 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
19 d early
2022
92 d late
2021
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€9k▲ 685%
2023 · €1k
2021: €6k
2022: €8k▲ +27.2% vs 2021
2023: €1k▼ -85.0% vs 2022lowest in 4 years
2024: €9k▲ +685% vs 2023highest in 4 years
2021 → 2024
Net result
€8k
2023 · €-7k
2021: €2k
2022: €2k▼ -7.0% vs 2021
2023: €-7k▼ -498% vs 2022lowest in 4 years
2024: €8k▲ +220% vs 2023highest in 4 years
2021 → 2024
Total assets
€23k▲ 995%
2023 · €2k
2021: €29khighest in 4 years
2022: €10k▼ -65.1% vs 2021
2023: €2k▼ -79.9% vs 2022lowest in 4 years
2024: €23k▲ +995% vs 2023
2021 → 2024
Solvency
42.0%▼ 16.6pp
2023 · 58.6%
2021: 21.6%lowest in 4 years
2022: 78.9%▲ +265% vs 2021highest in 4 years
2023: 58.6%▼ -25.7% vs 2022
2024: 42.0%▼ -28.3% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€6k-€8k▲ 27.2%€1k▼ 85.0%€9k▲ 685%
2021: €6k
2022: €8k▲ +27.2% vs 2021
2023: €1k▼ -85.0% vs 2022lowest in 4 years
2024: €9k▲ +685% vs 2023highest in 4 years
Operating result€3k-€3k▼ 13.1%€-7k€9k
2021: €3k
2022: €3k▼ -13.1% vs 2021
2023: €-7k▼ -383% vs 2022lowest in 4 years
2024: €9k▲ +231% vs 2023highest in 4 years
Net result€2k-€2k▼ 7.0%€-7k€8k
2021: €2k
2022: €2k▼ -7.0% vs 2021
2023: €-7k▼ -498% vs 2022lowest in 4 years
2024: €8k▲ +220% vs 2023highest in 4 years
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 2024: €9k after a loss of €7k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €23k
Equity
€9k ▲ 685%
Debt
€13k ▲ 1,434%
Debt's share of the balance-sheet total rises from 41.4% to 58.0%. Equity and debt are higher.
Key figures and ratios
ROE
87.3%
ROA
36.7%
Debt ≤ 1 year
€10k▲
2023 · €853
Income taxes
€564▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2k€23k▲
Current assets29/58€2k€23k▲
Amounts receivable within one year40/41€932€13k▲
Trade receivables40€182€13k▲
Other amounts receivable41€751€0▼
Cash at bank and in hand54/58€1k€6k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€2k€23k▲
Equity10/15€1k€9k▲
Contributions10/11€5k€5k=
Reserves13€4k€5k▲
Distributable reserves133€4k€5k▲
Profit (loss) carried forward14€-7k€0▲
Amounts payable17/49€853€13k▲
Amounts payable within one year42/48€853€10k▲
Trade debts44€150€175▲
Suppliers440/4€150€175▲
Taxes, remuneration and social security45€703€564▼
Taxes450/3€703€564▼
Other amounts payable47/48-€9k
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Other operating charges640/8€100€918▲
Gross operating margin9900€-7k€10k▲
Operating profit (loss)9901€-7k€9k▲
Financial income75/76B€270€0▼
Recurring financial income75€270€0▼
Financial charges65/66B€68€431▲
Recurring financial charges65€68€431▲
Profit (loss) for the period before taxes9903€-7k€9k▲
Income taxes67/77€0€564▲
Profit (loss) for the period9904€-7k€8k▲
Profit (loss) for the period to be appropriated9905€-7k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€1k▲
Profit (loss) brought forward from the previous period14P€6€-7k▼
Transfer to equity691/2€0€1k▲
To other reserves6921€0€1k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €398 | €348 | €100 | €918 | ▲ 818% |
| Gross operating margin9900 | €3k | €3k | €-7k | €10k | ▲ 246% |
| Operating profit (loss)9901 | €3k | €3k | €-7k | €9k | ▲ 231% |
| Financial income75/76B | - | - | €270 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €270 | €0 | ▼ 100% |
| Financial charges65/66B | €62 | €73 | €68 | €431 | ▲ 530% |
| Recurring financial charges65 | €62 | €73 | €68 | €431 | ▲ 530% |
| Profit (loss) for the period before taxes9903 | €3k | €2k | €-7k | €9k | ▲ 229% |
| Income taxes67/77 | €964 | €703 | €0 | €564 | - |
| Profit (loss) for the period9904 | €2k | €2k | €-7k | €8k | ▲ 220% |
| Profit (loss) for the period to be appropriated9905 | €2k | €2k | €-7k | €8k | ▲ 220% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €29k | €10k | €2k | €23k | ▲ 995% |
| Current assets29/58 | €29k | €10k | €2k | €23k | ▲ 995% |
| Amounts receivable within one year40/41 | €14k | €9k | €932 | €13k | ▲ 1,293% |
| Trade receivables40 | €14k | €9k | €182 | €13k | ▲ 7,052% |
| Other amounts receivable41 | €34 | - | €751 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €15k | €2k | €1k | €6k | ▲ 413% |
| Deferred charges and accrued income490/1 | - | - | - | €4k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €29k | €10k | €2k | €23k | ▲ 995% |
| Equity10/15 | €6k | €8k | €1k | €9k | ▲ 685% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €2k | €4k | €4k | €5k | ▲ 39.5% |
| Distributable reserves133 | €2k | €4k | €4k | €5k | ▲ 39.5% |
| Profit (loss) carried forward14 | €1 | €6 | €-7k | €0 | ▲ 100% |
| Amounts payable17/49 | €23k | €2k | €853 | €13k | ▲ 1,434% |
| Amounts payable within one year42/48 | €23k | €2k | €853 | €10k | ▲ 1,083% |
| Trade debts44 | €22k | €35 | €150 | €175 | ▲ 16.6% |
| Suppliers440/4 | €22k | €35 | €150 | €175 | ▲ 16.6% |
| Taxes, remuneration and social security45 | €964 | €2k | €703 | €564 | ▼ 19.8% |
| Taxes450/3 | €964 | €2k | €703 | €564 | ▼ 19.8% |
| Other amounts payable47/48 | - | - | - | €9k | - |
| Accrued charges and deferred income492/3 | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €2k | €-7k | €8k | ▲ 220% |
| Operating cash flow (approximation) | €2k | €2k | €-7k | €8k | ▲ 220% |
| Change in cash | - | €-14k | €-469 | €5k | ▲ 1,097% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 4.74
Current ratio from 1.28 to 4.74; short-term debt falls from €23k to €2k.
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
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, Mouscron · 1 establishment unit since 2021
Ground area
626 m²
Building footprint
267 m²
Volume, LiDAR
1,971 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ULN SALES DEVELOPMENT
since 20212.317.446.004
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0961/00P010 | Wallonia | 421 m² | 1 · 63 m² | 8.5 m · 2 fl. |
| 54432C0179/00D002indicative | Wallonia | 205 m² | 1 · 205 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 93 companies in sector 64922 we hold annual accounts for 75. 14 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
Founded23-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64922Financial service activities, except insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.