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ULVI

Active
Private limited companyfounded 20233 yrs activede Busleydenlaan 3A, 1020 Brussel, BelgiumKBO/BCE: BE 0805.914.602
Summary

The computed 12-month bankruptcy probability of ULVI is 6.2% (elevated). The 2024 annual accounts show equity of €15,943 and a net result of €3,069. Its solvency ranks better than 47% of 26049 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability52▲+30
Solvency54▼-9
Growth78
Track record94
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.11 against 4.9 in 2023; short-term debt: 39.9% and cash: 9.4% of total assets), but 70.9% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 2024
Solvency, return and age of the figures
Solvency
29.1%
Return on assets
5.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ULVI was incorporated on 15 September 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€15,943▲ 23.8%
2023 · €12,874
Total assets
€54,770▲ 60.7%
2023 · €34,092
Net result
€3,069
2023 · -€2,126
Working capital
€24,239▲ 31.6%
2023 · €18,418
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€2,126-€3,069
Net result-€2,126within the sector's middle half-€3,069within the sector's middle half
Equity€12,874within the sector's middle half-€15,943within the sector's middle half▲ 23.8%
Total assets€34,092below the sector's middle half-€54,770below the sector's middle half▲ 60.7%
Debt€21,218-€38,826▲ 83.0%
Working capital€18,418within the sector's middle half-€24,239within the sector's middle half▲ 31.6%
Solvency37.8%within the sector's middle half-29.1%within the sector's middle half▼ 8.7pp
Current ratio4.90above the sector's middle half-2.11within the sector's middle half▼ 2.79
Return on assets (ROA)-6.2%below the sector's middle half-5.6%within the sector's middle half▲ 11.8pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000€4,000Operating result 2023: -€2,126-€2,126Net result 2023: -€2,126-€2,126Operating result 2024: €3,069€3,069Net result 2024: €3,069€3,06920232024-€4,000-€2,000€0€2,000€4,000Operating result 2023: -€2,126-€2,130Net result 2023: -€2,126-€2,130Operating result 2024: €3,069€3,070Net result 2024: €3,069€3,07020232024
The operating result returns to profit in 2024: €3,069 after a loss of €2,126 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54,770
Fixed assets €8,705 ▼ 20.5%
Current assets €46,065 ▲ 99.1%
Equity and liabilities €54,770
Equity €15,943 ▲ 23.8%
Debt €38,826 ▲ 83.0%
Debt's share of the balance-sheet total rises from 62.2% to 70.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€5,321▲
2023 · -€1,581
Cash flow
€5,321▲
2023 · -€1,581
Quick ratio
0.37▼
2023 · 1.42
Debt to equity
2.44▲
2023 · 1.65
ROE
19.3%▲
2023 · -16.5%
Debt ≤ 1 year
€21,826▲
2023 · €4,718
Debt > 1 year
€17,000▲
2023 · €16,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 6.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€34,092€54,770▲
Fixed assets21/28€10,956€8,705▼
Tangible fixed assets22/27€10,956€8,705▼
Plant, machinery and equipment23€6,555€5,210▼
Furniture and vehicles24€4,401€3,495▼
Current assets29/58€23,136€46,065▲
Stocks and contracts in progress3€16,458€38,082▲
Stocks30/36€16,458€38,082▲
Amounts receivable within one year40/41€3,913€2,847▼
Trade receivables40-€1,297
Other amounts receivable41€3,913€1,551▼
Cash at bank and in hand54/58€2,765€5,136▲
Equity and liabilities
Total equity and liabilities10/49€34,092€54,770▲
Equity10/15€12,874€15,943▲
Contributions10/11€15,000€15,000=
Capital10€15,000-
Issued capital100€15,000-
Outside capital11-€15,000
Share premium1100/10-€15,000
Profit (loss) carried forward14-€2,126€943▲
Amounts payable17/49€21,218€38,826▲
Amounts payable after more than one year17€16,500€17,000▲
Financial debts170/4€16,500€17,000▲
Amounts payable within one year42/48€4,718€21,826▲
Trade debts44€4,718€21,826▲
Suppliers440/4€4,718€21,826▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€545€2,252▲
Other operating charges640/8€501€3▼
Gross operating margin9900-€1,080€5,324▲
Operating profit (loss)9901-€2,126€3,069▲
Profit (loss) for the period before taxes9903-€2,126€3,069▲
Profit (loss) for the period9904-€2,126€3,069▲
Profit (loss) for the period to be appropriated9905-€2,126€3,069▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2,126€943▲
Profit (loss) brought forward from the previous period14P--€2,126

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€545€2,252▲ 313%
Other operating charges640/8€501€3▼ 99.4%
Gross operating margin9900-€1,080€5,324▲ 593%
Operating profit (loss)9901-€2,126€3,069▲ 244%
Profit (loss) for the period before taxes9903-€2,126€3,069▲ 244%
Profit (loss) for the period9904-€2,126€3,069▲ 244%
Profit (loss) for the period to be appropriated9905-€2,126€3,069▲ 244%
Line20232024Change
Assets
Total assets20/58€34,092€54,770▲ 60.7%
Fixed assets21/28€10,956€8,705▼ 20.5%
Tangible fixed assets22/27€10,956€8,705▼ 20.5%
Plant, machinery and equipment23€6,555€5,210▼ 20.5%
Furniture and vehicles24€4,401€3,495▼ 20.6%
Current assets29/58€23,136€46,065▲ 99.1%
Stocks and contracts in progress3€16,458€38,082▲ 131%
Stocks30/36€16,458€38,082▲ 131%
Amounts receivable within one year40/41€3,913€2,847▼ 27.2%
Trade receivables40-€1,297-
Other amounts receivable41€3,913€1,551▼ 60.4%
Cash at bank and in hand54/58€2,765€5,136▲ 85.7%
Equity and liabilities
Total equity and liabilities10/49€34,092€54,770▲ 60.7%
Equity10/15€12,874€15,943▲ 23.8%
Contributions10/11€15,000€15,000=
Capital10€15,000--
Issued capital100€15,000--
Outside capital11-€15,000-
Share premium1100/10-€15,000-
Profit (loss) carried forward14-€2,126€943▲ 144%
Amounts payable17/49€21,218€38,826▲ 83.0%
Amounts payable after more than one year17€16,500€17,000▲ 3.0%
Financial debts170/4€16,500€17,000▲ 3.0%
Amounts payable within one year42/48€4,718€21,826▲ 363%
Trade debts44€4,718€21,826▲ 363%
Suppliers440/4€4,718€21,826▲ 363%
Line20232024Change
Profit (loss) for the period9904-€2,126€3,069▲ 244%
+ Depreciation and write-downs630€545€2,252▲ 313%
Operating cash flow (approximation)-€1,581€5,321▲ 437%
Investment in fixed assets (approximation)--€0-
Change in cash-€2,371-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial Back to profitnet €3,069
Net result €3,069 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Brussel · 2 establishment units since 2023
seat establishment All 2 establishment units on the map
Ground area
700 m²
Building footprint
289 m²
Volume, LiDAR
4,173 m³
2 parcels, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
ULVI
de Busleydenlaan 3A, 1020 BrusselRetail trade
since 20232.349.910.617
EURO MARKET
Haachtsesteenweg 211, 1030 SchaarbeekNon-specialised retail sale with food, beverages or tobacco predominating
since 20262.392.421.757
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21818E0221/00Y002 Brussels 629 m² 1 · 217 m² 17.6 m · 5 fl.
21909E0232/00K006 Brussels 71 m² 1 · 72 m² 15.4 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

2 sites
Brussel2.349.910.617
1 permission
Toelating · Detailhandel · since 17-10-2023
Schaarbeek2.392.421.757
1 permission
Toelating · Detailhandel · since 01-09-2026

Similar companies · same sector, comparable size

Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 3,951 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
Founded15-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail SERDAR.LZ@HOTMAIL.COMBrussel
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805914602
Registered 17-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.