UN'DERCAST
ActiveSummary
UN'DERCAST has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €-7k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 95% of 956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-54
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 21.78 against 36.77 in 2024; short-term debt: 3.6% and cash: 34.7% of total assets), and 5.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
20 d early
2023
30 d early
2022
23 d late
2021
99 d late
2020
103 d late
2019
11 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▼ 2.9%
2024 · €238k
2018: €215k
2019: €224k
2020: €230k
2021: €243k
2022: €221k
2023: €237k
2024: €238k
2018 → 2025
Total assets
€244k▼ 2.8%
2024 · €251k
2018: €253k
2019: €255k
2020: €250k
2021: €277k
2022: €238k
2023: €254k
2024: €251k
2018 → 2025
Net result
€-7k
2024 · €1k
2018: €15k
2019: €9k
2020: €6k
2021: €13k
2022: €-21k
2023: €15k
2024: €1k
2018 → 2025
Working capital
€181k▼ 7.1%
2024 · €195k
2018: €210k
2019: €219k
2020: €221k
2021: €233k
2022: €178k
2023: €198k
2024: €195k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€243k-€221k▼ 8.8%€237k▲ 6.9%€238k▲ 0.4%€231k▼ 2.9%
Operating result€15k-€-15k€20k€2k▼ 89.2%€-6k
Net result€13k-€-21k€15k€1k▼ 93.4%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€55k ▲ 6.9%
Current assets
€190k ▼ 5.3%
Equity and liabilities €244k
Equity
€231k ▼ 2.9%
Debt
€13k ▼ 1.5%
Debt's share of the balance-sheet total rises from 5.4% to 5.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €6k
Cash flow
€-2k▼
2024 · €5k
Current ratio
21.78▼
2024 · 36.77
Debt to equity
0.06▲
2024 · 0.06
ROE
-3.0%▼
2024 · 0.4%
ROA
-2.8%▼
2024 · 0.4%
Interest coverage
-3.20▼
2024 · 20.08
Debt ≤ 1 year
€9k▲
2024 · €5k
Income taxes
€289▼
2024 · €1k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€251k€244k▼
Fixed assets21/28€51k€55k▲
Tangible fixed assets22/27€10k€8k▼
Land and buildings22€6k€4k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€200€0▼
Financial fixed assets28€41k€47k▲
Current assets29/58€200k€190k▼
Amounts receivable within one year40/41€12k€25k▲
Trade receivables40€6k€16k▲
Other amounts receivable41€5k€9k▲
Current investments50/53€78k€78k=
Cash at bank and in hand54/58€109k€85k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€251k€244k▼
Equity10/15€238k€231k▼
Contributions10/11€19k€19k=
Reserves13€52k€52k=
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€167k€160k▼
Amounts payable17/49€14k€13k▼
Amounts payable within one year42/48€5k€9k▲
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€408€2k▲
Taxes450/3€408€2k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€8k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€1k€968▼
Non-recurring operating charges66A€0-
Gross operating margin9900€7k€-895▼
Operating profit (loss)9901€2k€-6k▼
Financial income75/76B€392€388▼
Recurring financial income75€392€388▼
Financial charges65/66B€310€581▲
Recurring financial charges65€310€581▲
Profit (loss) for the period before taxes9903€2k€-7k▼
Income taxes67/77€1k€289▼
Profit (loss) for the period9904€1k€-7k▼
Profit (loss) for the period to be appropriated9905€1k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€168k€160k▼
Profit (loss) brought forward from the previous period14P€167k€167k=
Transfer to equity691/2€1k€0▼
To other reserves6921€1k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 29.81
Current ratio from 11.81 to 29.81; short-term debt falls from €17k to €7k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Weakest financial yearnet €-21k ▼269%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 99 days late
2021
11-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 103 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lange Koepoortstraat 522000 AntwerpenGround area
439 m²
Building footprint
220 m²
Volume, LiDAR
2,355 m³
Parcel 11002A1272/00A000, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
UN'DERCAST
since 19992.091.632.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1272/00A000 | Flanders | 439 m² | 1 · 220 m² | 16.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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APPELKANT
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ARTWO
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SINGA GRAPHICS - FLEXIBLES
BE 0891.917.671
Bonheiden · Eq €232,522
ORIGINAL SCRIPT
BE 0456.813.481
Ukkel · Eq €233,276
Sabouge
BE 0447.229.089
Antwerpen · Eq €226,941
Of 2,855 companies in sector 18130 we hold annual accounts for 832. 620 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.