UNDICE
ActiveUNDICE has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269k and a net result of €4k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 11185 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy▼ -20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-92
Solvency97▼-3
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 3.62 in 2024), and 44.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.6%
Return on assets
0.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
88 d late
2023
92 d late
2022
31 d late
2021
5 d early
2020
18 d late
2019
10 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€269k▲ 1.6%
2024 · €265k
2018: €163k
2019: €148k
2020: €232k
2021: €236k
2022: €234k
2023: €206k
2024: €265k
2018 → 2025
Total assets
€484k▲ 32.8%
2024 · €364k
2018: €681k
2019: €629k
2020: €667k
2021: €568k
2022: €522k
2023: €448k
2024: €364k
2018 → 2025
Net result
€4k▼ 92.9%
2024 · €59k
2018: €56k
2019: €25k
2020: €124k
2021: €44k
2022: €-2k
2023: €-29k
2024: €59k
2018 → 2025
Working capital
€249k▼ 4.7%
2024 · €261k
2018: €473k
2019: €376k
2020: €420k
2021: €341k
2022: €250k
2023: €201k
2024: €261k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€236k-€234k▼ 0.9%€206k▼ 12.2%€265k▲ 28.7%€269k▲ 1.6%
Operating result€27k-€-17k€-28k▼ 67.7%€61k€11k▼ 81.7%
Net result€44k-€-2k€-29k▼ 1,219%€59k€4k▼ 92.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €484k
Fixed assets
€20k▲ 544%
Current assets
€463k▲ 28.3%
Equity and liabilities €484k
Equity
€269k▲ 1.6%
Debt
€215k▲ 116%
The debt ratio rises from 27.4% to 44.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€12k▼
2024 · €62k
Cash flow
€5k▼
2024 · €60k
Solvency
55.6%▼
2024 · 72.6%
Current ratio
2.16▼
2024 · 3.62
Quick ratio
0.54▼
2024 · 0.56
Debt / equity
0.80▲
2024 · 0.38
ROE
1.6%▼
2024 · 22.3%
ROA
0.9%▼
2024 · 16.2%
Interest coverage
2.27▼
2024 · 11.95
Debt
€215k▲
2024 · €100k
Debt ≤ 1 year
€214k▲
2024 · €100k
Income taxes
€1k▼
2024 · €12k
Staff costs
€179k▲
2024 · €160k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€364k€484k▲
Fixed assets21/28€3k€20k▲
Tangible fixed assets22/27€3k€20k▲
Land and buildings22-€2k
Plant, machinery and equipment23€3k€260▼
Other tangible fixed assets26-€18k
Current assets29/58€361k€463k▲
Stocks and contracts in progress3€305k€347k▲
Stocks30/36€305k€347k▲
Amounts receivable within one year40/41€16k€69k▲
Trade receivables40€987€50k▲
Other amounts receivable41€15k€19k▲
Cash at bank and in hand54/58€34k€42k▲
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€364k€484k▲
Equity10/15€265k€269k▲
Contributions10/11€19k€19k=
Reserves13€246k€250k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€244k€248k▲
Amounts payable17/49€100k€215k▲
Amounts payable within one year42/48€100k€214k▲
Financial debts43€7k€43k▲
Credit institutions430/8€7k€43k▲
Trade debts44€61k€99k▲
Suppliers440/4€61k€99k▲
Taxes, remuneration and social security45€29k€73k▲
Taxes450/3€16k€53k▲
Remuneration and social security454/9€13k€20k▲
Other amounts payable47/48€3k€47▼
Accrued charges and deferred income492/3-€847
Income statement
Code20242025
Remuneration, social security and pensions62€160k€179k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€17k€17k▲
Gross operating margin9900€239k€209k▼
Operating profit (loss)9901€61k€11k▼
Financial income75/76B€15k€0▼
Recurring financial income75€11k€0▼
Non-recurring financial income76B€4k€0▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€71k€6k▼
Income taxes67/77€12k€1k▼
Profit (loss) for the period9904€59k€4k▼
Profit (loss) for the period to be appropriated9905€59k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€4k▼
Transfer to equity691/2€59k€4k▼
To the legal reserve6920-€0
To other reserves6921€59k€4k▼
Social balance
Average headcount (FTE)90874.8-
The notes to these accounts (10 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 88 days late
2024
31-12
Financial
Back to profitnet €59k
Net result €59k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €124k ▲396%
Operating result €136k, net result €124k, both a record.
31-12
Financial
Equity above €200kEq €232k ▲56.9%
3 profitable years in a row build equity to €232k.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tongeren-Borgloon · 1 establishment unit since 1996
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.
Luikersteenweg 3143700 Tongeren-BorgloonGround area
4,171 m²
Building footprint
2,480 m²
Volume, LiDAR
13,452 m³
Parcel 73094A0126/00Z000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Luikersteenweg 314, 3700 Tongeren-Borgloon
since 19962.015.202.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73094A0126/00Z000 | Flanders | 4,171 m² | 1 · 2,480 m² | 8.9 m · 2 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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ORSO INTERNATIONAL
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Kapellen · Eq €270k
Chaleur & Style
BE 0546.758.019
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Vadofin
BE 0863.759.957
Waasmunster · Eq €272k
Of 6,127 companies in sector 46190 we hold annual accounts for 2,554. 1,762 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-1978
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.