Union
ActiveSummary
Union has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.90M and a net result of €1.18M. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+36
Solvency45▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.1 in 2024; short-term debt: 78.4% and cash: 0% of total assets), and 80.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
19.6%
Return on assets
8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 311 sector peers (2025).
NBB · sector comparisonPosition among 311 sector peers
Solvency
better than 21%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
20 d early
2023
on the day
2022
3 d early
2021
25 d early
2020
32 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.18M▲ 775%
2024 · €135k
2019: €-1.24M
2020: €467k
2021: €414k
2022: €-189k
2023: €6k
2024: €135k
2019 → 2025
Working capital
€1.58M▲ 145%
2024 · €644k
2019: €540k
2020: €994k
2021: €1.54M
2022: €1.22M
2023: €636k
2024: €644k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.91M-€1.72M▼ 9.9%€1.73M▲ 0.4%€1.86M▲ 7.8%€2.90M▲ 55.5%
Operating result€477k-€-121k€124k€328k▲ 165%€1.27M▲ 288%
Net result€414k-€-189k€6k€135k▲ 1,983%€1.18M▲ 775%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 288% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.79M
Fixed assets
€1.62M ▲ 14.8%
Current assets
€13.16M ▲ 78.6%
Equity and liabilities €14.79M
Equity
€2.90M ▲ 55.5%
Provisions
€298k
Debt
€11.59M ▲ 67.4%
Debt's share of the balance-sheet total falls from 78.8% to 78.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.56M▲
2024 · €534k
Cash flow
€1.47M▲
2024 · €341k
Current ratio
1.14▲
2024 · 1.10
Quick ratio
0.22▼
2024 · 0.29
Debt to equity
4.00▲
2024 · 3.72
ROE
40.9%▲
2024 · 7.3%
ROA
8.0%▲
2024 · 1.5%
Interest coverage
12.79▲
2024 · 2.73
Debt ≤ 1 year
€11.59M▲
2024 · €6.73M
Income taxes
€1k▲
2024 · €945
Staff costs
€1.41M▲
2024 · €934k
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 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.79M€14.79M▲
Fixed assets21/28€1.41M€1.62M▲
Intangible fixed assets21€32k€43k▲
Tangible fixed assets22/27€1.38M€1.58M▲
Land and buildings22€118k€0▼
Plant, machinery and equipment23€6k€43k▲
Furniture and vehicles24€91k€230k▲
Other tangible fixed assets26€1.17M€1.31M▲
Assets under construction and advance payments27€0-
Financial fixed assets28€948€700▼
Current assets29/58€7.37M€13.16M▲
Stocks and contracts in progress3€5.41M€10.58M▲
Stocks30/36€1.47M€2.09M▲
Contracts in progress37€3.94M€8.49M▲
Amounts receivable within one year40/41€1.78M€2.57M▲
Trade receivables40€1.51M€1.81M▲
Other amounts receivable41€278k€760k▲
Cash at bank and in hand54/58€157k€1k▼
Deferred charges and accrued income490/1€23k€17k▼
Equity and liabilities
Total equity and liabilities10/49€8.79M€14.79M▲
Equity10/15€1.86M€2.90M▲
Contributions10/11€2.14M€2.14M=
Capital10€2.14M€2.14M=
Issued capital100€2.14M€2.14M=
Reserves13€6k€754k▲
Non-distributable reserves130/1€6k€214k▲
Legal reserve130€6k€214k▲
Distributable reserves133-€540k
Profit (loss) carried forward14€-286k€0▲
Provisions and deferred taxes16-€298k
Provisions for liabilities and charges160/5-€298k
Other liabilities and charges164/5-€298k
Amounts payable17/49€6.92M€11.59M▲
Amounts payable within one year42/48€6.73M€11.59M▲
Trade debts44€1.38M€2.46M▲
Suppliers440/4€1.38M€2.46M▲
Advances received on contracts in progress46€2.07M€5.71M▲
Taxes, remuneration and social security45€154k€180k▲
Taxes450/3€7k€8k▲
Remuneration and social security454/9€147k€171k▲
Other amounts payable47/48€3.12M€3.24M▲
Accrued charges and deferred income492/3€196k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€0€1.37M▲
Remuneration, social security and pensions62€934k€1.41M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€206k€283k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€257k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€298k
Other operating charges640/8€27k€22k▼
Non-recurring operating charges66A-€76
Gross operating margin9900€1.50M€3.54M▲
Operating profit (loss)9901€328k€1.27M▲
Financial income75/76B€3k€33k▲
Recurring financial income75€3k€33k▲
Financial charges65/66B€195k€122k▼
Recurring financial charges65€195k€122k▼
Profit (loss) for the period before taxes9903€136k€1.18M▲
Income taxes67/77€945€1k▲
Profit (loss) for the period9904€135k€1.18M▲
Profit (loss) for the period to be appropriated9905€135k€1.18M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-286k€898k▲
Profit (loss) brought forward from the previous period14P€-421k€-286k▲
Transfer to equity691/2-€748k
To the legal reserve6920-€208k
To other reserves6921-€540k
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)908713.915.5▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €1.18M ▲775%
Operating result €1.27M, net result €1.18M, both a record.
31-12
Financial
Equity above €2MEq €2.90M ▲55.5%
3 profitable years in a row build equity to €2.90M.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €467k
Net result €467k after one loss-making year.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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
15 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, Wielsbeke · 1 establishment unit since 1947
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.
Ooigemstraat 148710 WielsbekeGround area
2.7 ha
Building footprint
1.8 ha
Volume, LiDAR
145,767 m³
Parcel 37017C0328/00L000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
UNION NV
since 19472.004.281.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017C0328/00L000 | Flanders | 2.7 ha | 1 · 1.8 ha | 12.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 317,626 EUR awarded · 84,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 317,626 EUR | 84,000 EUR |
Schemes
Ontwikkelingsproject
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Of 210 companies in sector 28299 we hold annual accounts for 154. 91 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 formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
28300Manufacture of machinery and equipment not elsewhere classified
25401Forging of metal
28940Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
46610Wholesale trade
46712Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.