UNDERTEC
ActiveSummary
The annual accounts of UNDERTEC for financial year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €2,735 and a net result of -€5,935. Equity is shrinking by about 102% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 15% of 21,110 sector peers (NACE 62, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €2,735
- Loss
- -€5,935
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearEquity €2,735 (10.6% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €25,737Liquidity: current ratio 1.07, cash €16,063Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 16% on solvency, 30% on liquidity, 5% on profitability and 10% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 13 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€11,749
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result stays negative: a loss of €5,729 in 2025 against €14,581 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: 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).
Peer companies
Historical observationOf the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90.2% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,207 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,216 | €4,246 | €3,738 | ▼ 12.0% |
| Other operating charges640/8 | €1,078 | €746 | €710 | ▼ 4.8% |
| Gross operating margin9900 | €30,800 | -€9,589 | -€1,282 | ▲ 86.6% |
| Operating profit (loss)9901 | €26,506 | -€14,581 | -€5,729 | ▲ 60.7% |
| Financial charges65/66B | €86 | €89 | €85 | ▼ 3.5% |
| Recurring financial charges65 | €86 | €89 | €85 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €26,420 | -€14,669 | -€5,815 | ▲ 60.4% |
| Income taxes67/77 | €9,000 | -€2,920 | €121 | - |
| Profit (loss) for the period9904 | €17,420 | -€11,749 | -€5,935 | ▲ 49.5% |
| Profit (loss) for the period to be appropriated9905 | €17,420 | -€11,749 | -€5,935 | ▲ 49.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €24,312 | €20,087 | €25,737 | ▲ 28.1% |
| Fixed assets21/28 | €9,151 | €4,905 | €1,167 | ▼ 76.2% |
| Tangible fixed assets22/27 | €8,911 | €4,665 | €927 | ▼ 80.1% |
| Furniture and vehicles24 | €8,911 | €4,665 | €927 | ▼ 80.1% |
| Other tangible fixed assets26 | €0 | €0 | - | - |
| Financial fixed assets28 | €240 | €240 | €240 | = |
| Current assets29/58 | €15,161 | €15,183 | €24,570 | ▲ 61.8% |
| Amounts receivable within one year40/41 | €6,793 | €8,883 | €6,822 | ▼ 23.2% |
| Trade receivables40 | €6,486 | €5,963 | €6,822 | ▲ 14.4% |
| Other amounts receivable41 | €307 | €2,920 | - | - |
| Cash at bank and in hand54/58 | €7,850 | €6,300 | €16,063 | ▲ 155% |
| Deferred charges and accrued income490/1 | €518 | €0 | €1,685 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €24,312 | €20,087 | €25,737 | ▲ 28.1% |
| Equity10/15 | €20,420 | €8,671 | €2,735 | ▼ 68.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | €3,000 | - | - | - |
| Issued capital100 | €3,000 | - | - | - |
| Profit (loss) carried forward14 | €17,420 | €5,671 | -€265 | - |
| Amounts payable17/49 | €3,892 | €11,417 | €23,001 | ▲ 101% |
| Amounts payable within one year42/48 | €3,892 | €11,417 | €23,001 | ▲ 101% |
| Trade debts44 | €0 | €1,152 | €944 | ▼ 18.1% |
| Suppliers440/4 | - | €1,152 | €944 | ▼ 18.1% |
| Taxes, remuneration and social security45 | €3,892 | €3,236 | €6,993 | ▲ 116% |
| Taxes450/3 | €3,892 | €3,236 | €6,993 | ▲ 116% |
| Other amounts payable47/48 | - | €7,028 | €15,064 | ▲ 114% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,420 | -€11,749 | -€5,935 | ▲ 49.5% |
| + Depreciation and write-downs630 | €3,216 | €4,246 | €3,738 | ▼ 12.0% |
| Operating cash flow (approximation) | €20,636 | -€7,503 | -€2,197 | ▲ 70.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€1,550 | €9,763 | - |
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 (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00323047 |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00389750 |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00377040 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PEREZ Yannick |
|
| VALLE Romane |
|
Owners and capital
Capital and shareholders
- PEREZ Yannick 225 shares (75%) · €2,250
- VALLE Romane 75 shares (25%) · €750
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 20-02-2023 Incorporation · €3,000 · 300 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-02
Gazette deed
IncorporationAppointments: PEREZ Yannick (director) and VALLE Romane (director) · Founder · Founding capital11 facts ▸
- Incorporation, “UNDERTEC” (deed in French)
- Founder, PEREZ Yannick (comparant)
- Founder, VALLE Romane (comparante)
- Founding capital, €3,000
- Bank account, “compte spécial au nom de la société en formation”, 3000 (deed in French)
- Capital
- Registered office clause, “1180 Uccle,rue du Merlo 6 A boîte 34” (deed in French)
- Board rule, 2
- Director appointment, PEREZ Yannick (director (not named in the articles))
- Director appointment, VALLE Romane (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements,obligations et activités au nom et pour compte société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 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
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21616G0029/00Z000 | Brussels | 9,889 m² | 1 · 904 m² | 41.5 m · 12 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1. L’exploitation d’installations et la prestation de services en vue de répondre aux intérêts du public en matière de culture et de…” (deed in French)
24 activities (deed in French)
- 1. L’exploitation d’installations et la prestation de services en vue de répondre aux intérêts du public en matière de culture et de divertissement
- 2. la création de sites internet
- 3. la consultance informatique
- 4. le conseil en systèmes et logiciels informatiques
- 5. le développement et la vente de logiciels informatiques
- 6. la planification et conception de systèmes informatiques intégrant les technologies du matériel,des logiciels et des communications
- 7. la formation des utilisateurs de systèmes et matériels informatiques
- 8. la formulation de propositions de solutions
- 9. la formation sur les outils et technologies informatiques,programmation informatique,création et commercialisation de logiciels
- 10. le community management
- 11. La production,la promotion et la réalisation des arts du spectacle vivant et de la création artistique
- 12. La conception et la réalisation de décors
- 13. Les services spécialisés du son,de l’image et de l’éclairage
- 14. La gestion de salles de théâtre,de concerts,de centres culturels et des salles multifonctionnelles à vocation culturelle
- 15. La mise sur le marché de produits et de services dans le domaine de l’audio-visuel et du spectacle-évènement
- 16. Les achats,ventes en gros et en détail,la fabrication,la location,la transformation,import et export de toutes matières premières et produits finis,notamment tout matériel et accessoires audio-visuels et évènementiels,ainsi que la réparation,placement du dit matériel et tous services le concernant
- 17. La création et location de salle de projection,démonstration,fête,foire et exposition ainsi que des magasins
- 18. Fournir des conseils,son assistance et exécuter des services directement ou indirectement sur le plan de l’administration et des finances,de la vente,de la production,des techniques d’organisation et de distributions commerciales,et plus généralement de la gestion et de l’exercice de toutes activités de services et de management au sens large de ces termes à toutes personnes physiques ou morales quelconques
- 19. Le sponsoring,la consultance et le management d’artistes et de sportifs
- 20. Exécuter tous mandats sous forme d’études,d’organisations,d’expertises,d’actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social
- 21. toutes activités d'investissement à savoir acquérir,gérer et aliéner toutes valeurs mobilières,actions,parts sociales,obligations et autres titres de prêts émis par toute société belge ou étrangère. Elle peut faire toutes opérations financières et toutes opérations sur valeurs mobilières,à l'exception de celles réservées par la loi aux banques et aux agents de change
- 22. l'acquisition,la vente,l'utilisation,la gestion,l'exploitation,le développement et le traitement de brevets,licences,marques commerciales et plus généralement de tout droit de propriété intellectuelle
- 23. l'achat,la vente,l'importation,l'exportation,la fabrication,le développement en détail ou en gros,de tout bien matériel et services
- 24. l'activité d'intermédiaire commercial en rapport avec les opérations susmentionnées éventuellement rémunéré à la commission
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- UNDERTEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales,actionnaires ou non” (deed in French)“Gratuitement ou non, frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement si plusieurs, cessions entre vifs à titre onéreux ou gratuit,volontaires ou…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Organe qui procède à l'émission, actionnaires” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 11:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, assemblée générale dans formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, administrateurs en fonction désignés liquidateurs par statuts si…” (deed in French)