UNION JACK
ActiveSummary
UNION JACK has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €140k and a net result of €118k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency66▼-34
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 3.54 in 2023; short-term debt: 59.4% and cash: 48.1% of total assets), and 59.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
37 d early
2022
32 d early
2021
38 d early
2020
15 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€118k▲ 65.5%
2023 · €71k
2018: €106k
2019: €110k▲ +3.9% vs 2018
2020: €88k▼ -20.0% vs 2019
2021: €83k▼ -5.8% vs 2020
2022: €130k▲ +58.0% vs 2021highest in 7 years
2023: €71k▼ -45.5% vs 2022lowest in 7 years
2024: €118k▲ +65.5% vs 2023
2018 → 2024
Working capital
€80k▼ 50.9%
2023 · €162k
2018: €-21klowest in 7 years
2019: €23k▲ +213% vs 2018
2020: €74k▲ +214% vs 2019
2021: €110k▲ +50.0% vs 2020
2022: €143k▲ +29.5% vs 2021
2023: €162k▲ +13.5% vs 2022highest in 7 years
2024: €80k▼ -50.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€138k-€171k▲ 23.6%€201k▲ 17.8%€222k▲ 10.5%€140k▼ 37.1%
2020: €138klowest in 5 years
2021: €171k▲ +23.6% vs 2020
2022: €201k▲ +17.8% vs 2021
2023: €222k▲ +10.5% vs 2022highest in 5 years
2024: €140k▼ -37.1% vs 2023
Operating result€103k-€100k▼ 2.8%€149k▲ 49.1%€76k▼ 49.2%€130k▲ 71.7%
2020: €103k
2021: €100k▼ -2.8% vs 2020
2022: €149k▲ +49.1% vs 2021highest in 5 years
2023: €76k▼ -49.2% vs 2022lowest in 5 years
2024: €130k▲ +71.7% vs 2023
Net result€88k-€83k▼ 5.8%€130k▲ 58.0%€71k▼ 45.5%€118k▲ 65.5%
2020: €88k
2021: €83k▼ -5.8% vs 2020
2022: €130k▲ +58.0% vs 2021highest in 5 years
2023: €71k▼ -45.5% vs 2022lowest in 5 years
2024: €118k▲ +65.5% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 72% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €344k
Fixed assets
€60k ▲ 0.3%
Current assets
€284k ▲ 25.7%
Equity and liabilities €344k
Equity
€140k ▼ 37.1%
Debt
€204k ▲ 220%
Debt's share of the balance-sheet total rises from 22.3% to 59.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€131k▲
2023 · €82k
Cash flow
€119k▲
2023 · €77k
Current ratio
1.39▼
2023 · 3.54
Debt to equity
1.46▲
2023 · 0.29
ROE
84.2%▲
2023 · 32.0%
ROA
34.2%▲
2023 · 24.9%
Interest coverage
149.82▼
2023 · 254.18
Debt ≤ 1 year
€204k▲
2023 · €64k
Income taxes
€13k▲
2023 · €9k
Staff costs
€0▼
2023 · €13k
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 · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€286k€344k▲
Fixed assets21/28€60k€60k▲
Tangible fixed assets22/27€36k€36k▲
Land and buildings22€33k€33k=
Furniture and vehicles24€2k€2k▲
Leasing and similar rights25€0€0▼
Other tangible fixed assets26€0-
Financial fixed assets28€24k€24k=
Current assets29/58€226k€284k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€129k€118k▼
Trade receivables40€6k€4k▼
Other amounts receivable41€123k€113k▼
Cash at bank and in hand54/58€96k€165k▲
Deferred charges and accrued income490/1€818€1k▲
Equity and liabilities
Total equity and liabilities10/49€286k€344k▲
Equity10/15€222k€140k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€202k€119k▼
Amounts payable17/49€64k€204k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€64k€204k▲
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€3k€27▼
Suppliers440/4€3k€27▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€55k€200k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€13k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€1k▼
Other operating charges640/8€10k€20k▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€110k€151k▲
Operating profit (loss)9901€76k€130k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Non-recurring financial income76B€1€0▼
Financial charges65/66B€321€874▲
Recurring financial charges65€321€874▲
Profit (loss) for the period before taxes9903€80k€131k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€71k€118k▲
Profit (loss) for the period to be appropriated9905€71k€118k▲
Appropriation of the result
Profit (loss) to be appropriated9906€252k€319k▲
Profit (loss) brought forward from the previous period14P€181k€202k▲
Profit to be distributed694/7€50k€200k▲
Return on contributions (dividend)694-€125k
Directors or managers695€50k€75k▲
Social balance
Average headcount (FTE)90870.20.0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €90k | €119k | €13k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €12k | €9k | €6k | €1k | ▼ 79.6% |
| Other operating charges640/8 | - | €7k | €8k | €10k | €20k | ▲ 93.0% |
| Non-recurring operating charges66A | - | - | €8 | €5k | €0 | ▼ 100% |
| Gross operating margin9900 | €189k | €208k | €285k | €110k | €151k | ▲ 36.6% |
| Operating profit (loss)9901 | €103k | €100k | €149k | €76k | €130k | ▲ 71.7% |
| Financial income75/76B | - | €875 | €3k | €5k | €2k | ▼ 56.3% |
| Recurring financial income75 | €715 | €875 | €3k | €5k | €2k | ▼ 56.3% |
| Non-recurring financial income76B | - | - | - | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | €7k | €9k | €321 | €874 | ▲ 172% |
| Recurring financial charges65 | €5k | €7k | €9k | €321 | €874 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €98k | €94k | €143k | €80k | €131k | ▲ 63.6% |
| Income taxes67/77 | €11k | €11k | €13k | €9k | €13k | ▲ 48.7% |
| Profit (loss) for the period9904 | €88k | €83k | €130k | €71k | €118k | ▲ 65.5% |
| Profit (loss) for the period to be appropriated9905 | €88k | €83k | €130k | €71k | €118k | ▲ 65.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256k | €310k | €430k | €286k | €344k | ▲ 20.3% |
| Fixed assets21/28 | €86k | €80k | €71k | €60k | €60k | ▲ 0.3% |
| Tangible fixed assets22/27 | €62k | €56k | €47k | €36k | €36k | ▲ 0.4% |
| Land and buildings22 | - | €33k | €33k | €33k | €33k | = |
| Furniture and vehicles24 | - | €3k | €2k | €2k | €2k | ▲ 7.5% |
| Leasing and similar rights25 | - | €12k | €6k | €0 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €7k | €5k | €0 | - | - |
| Financial fixed assets28 | €24k | €24k | €24k | €24k | €24k | = |
| Current assets29/58 | €170k | €230k | €359k | €226k | €284k | ▲ 25.7% |
| Stocks and contracts in progress3 | €39k | €22k | €36k | €0 | - | - |
| Stocks30/36 | - | €22k | €36k | €0 | - | - |
| Amounts receivable within one year40/41 | €45k | €101k | €143k | €129k | €118k | ▼ 8.7% |
| Trade receivables40 | - | €624 | €2k | €6k | €4k | ▼ 21.1% |
| Other amounts receivable41 | - | €101k | €141k | €123k | €113k | ▼ 8.2% |
| Cash at bank and in hand54/58 | €82k | €102k | €175k | €96k | €165k | ▲ 71.6% |
| Deferred charges and accrued income490/1 | - | €4k | €5k | €818 | €1k | ▲ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256k | €310k | €430k | €286k | €344k | ▲ 20.3% |
| Equity10/15 | €138k | €171k | €201k | €222k | €140k | ▼ 37.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €118k | €150k | €181k | €202k | €119k | ▼ 40.9% |
| Amounts payable17/49 | €118k | €139k | €229k | €64k | €204k | ▲ 220% |
| Amounts payable after more than one year17 | €15k | €9k | €3k | €0 | - | - |
| Financial debts170/4 | - | €9k | €3k | €0 | - | - |
| Amounts payable within one year42/48 | €97k | €119k | €216k | €64k | €204k | ▲ 220% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | €3k | €0 | ▼ 100% |
| Trade debts44 | €14k | €28k | €77k | €3k | €27 | ▼ 99.0% |
| Suppliers440/4 | - | €28k | €77k | €3k | €27 | ▼ 99.0% |
| Taxes, remuneration and social security45 | - | €12k | €10k | €3k | €4k | ▲ 37.6% |
| Taxes450/3 | - | €5k | €5k | €3k | €4k | ▲ 37.6% |
| Remuneration and social security454/9 | - | €7k | €5k | €0 | - | - |
| Other amounts payable47/48 | - | €73k | €123k | €55k | €200k | ▲ 264% |
| Accrued charges and deferred income492/3 | - | €11k | €10k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88k | €83k | €130k | €71k | €118k | ▲ 65.5% |
| + Depreciation and write-downs630 | €19k | €12k | €9k | €6k | €1k | ▼ 79.6% |
| Operating cash flow (approximation) | €107k | €94k | €140k | €77k | €119k | ▲ 54.1% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €5k | €-1k | ▼ 126% |
| Change in cash | - | €20k | €74k | €-79k | €69k | ▲ 187% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €71k ▼45.5%
Net result drops to €71k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.54
Current ratio from 1.66 to 3.54; short-term debt falls from €216k to €64k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €130k ▲58%
Operating result €149k, net result €130k, both a record.
31-12
Financial
Equity above €200kEq €201k ▲17.8%
5 profitable years in a row build equity to €201k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €171k ▲23.6%
4 profitable years in a row build equity to €171k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Equity above €100kEq €100k ▲52.7%
2 profitable years in a row build equity to €100k.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Anderlecht · 1 establishment unit since 1986
Ground area
626 m²
Building footprint
525 m²
Volume, LiDAR
8,220 m³
Parcel 21305B0204/00H032, Brussels · tallest building 30.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Lambert Crickxstraat 9, 1070 Anderlecht
since 19862.037.032.068
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0204/00H032indicative | Brussels | 626 m² | 1 · 525 m² | 30.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
0 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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Of 1,308 companies in sector 46423 we hold annual accounts for 810. 577 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
Founded12-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.