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UNIT19

Active
Private limited companyfounded 20224 yrs activeBiedenkopflaan(Odk) 7, 8670 Koksijde, BelgiumKBO/BCE: BE 0788.225.958
Summary

The computed 12-month bankruptcy probability of UNIT19 is 4.5% (elevated). The 2024 annual accounts show negative equity (-€1,166) and a net result of -€2,050. Its solvency ranks better than 5% of 7454 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability24▲+7
Solvency22▼-4
Growth58
Track record94
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.71 in 2023; short-term debt: 80.5% and cash: 5.3% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
-5.5%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€1,166
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 28-07-2025, 3 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
3 d early
2023
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 July 2022, UNIT19 was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
-€1,166
2023 · €884
Total assets
€37,368▼ 53.0%
2023 · €79,553
Net result
-€2,050▲ 3.1%
2023 · -€2,116
Working capital
-€13,916▲ 39.8%
2023 · -€23,116
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€1,056--€477▲ 54.8%
Net result-€2,116--€2,050▲ 3.1%
Equity€884--€1,166
Total assets€79,553-€37,368▼ 53.0%
Debt€78,669-€38,534▼ 51.0%
Working capital-€23,116--€13,916▲ 39.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2023: -€1,056-€1,056Net result 2023: -€2,116-€2,116Operating result 2024: -€477-€477Net result 2024: -€2,050-€2,05020232024-€3,000-€2,000-€1,000€0Operating result 2023: -€1,056-€1,060Net result 2023: -€2,116-€2,120Operating result 2024: -€477-€477Net result 2024: -€2,050-€2,05020232024
The operating result stays negative: a loss of €477 in 2024 against €1,056 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37,368
Fixed assets €21,203 ▼ 11.7%
Current assets €16,165 ▼ 70.9%
Key figures and ratios
2024 value · change against 2023
EBITDA
€2,320▲
2023 · €220
Cash flow
€747▲
2023 · -€839
Solvency
-3.1%▼
2023 · 1.1%
Current ratio
0.54▼
2023 · 0.71
Debt to equity
-33.05
ROA
-5.5%▼
2023 · -2.7%
Interest coverage
1.47▲
2023 · 0.21
Debt ≤ 1 year
€30,081▼
2023 · €78,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.1% went bankrupt
3.5% stopped otherwise
91% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,554 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€79,553€37,368▼
Fixed assets21/28€24,000€21,203▼
Intangible fixed assets21€17,923€16,031▼
Tangible fixed assets22/27€6,077€5,171▼
Furniture and vehicles24€6,077€5,171▼
Current assets29/58€55,553€16,165▼
Amounts receivable within one year40/41€55,553€14,192▼
Trade receivables40€53,255€9,010▼
Other amounts receivable41€2,298€5,181▲
Cash at bank and in hand54/58-€1,974
Equity and liabilities
Total equity and liabilities10/49€79,553€37,368▼
Equity10/15€884-€1,166▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€2,116-€4,166▼
Amounts payable17/49€78,669€38,534▼
Amounts payable within one year42/48€78,669€30,081▼
Financial debts43€4,656-
Credit institutions430/8€4,656-
Trade debts44€59,013€29,609▼
Suppliers440/4€59,013€29,609▼
Other amounts payable47/48€15,000€472▼
Accrued charges and deferred income492/3-€8,453
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,276€2,797▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25,585€35,819▲
Other operating charges640/8€655€366▼
Gross operating margin9900€26,460€38,506▲
Operating profit (loss)9901-€1,056-€477▲
Financial charges65/66B€1,060€1,573▲
Recurring financial charges65€1,060€1,573▲
Profit (loss) for the period before taxes9903-€2,116-€2,050▲
Profit (loss) for the period9904-€2,116-€2,050▲
Profit (loss) for the period to be appropriated9905-€2,116-€2,050▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2,116-€4,166▼
Profit (loss) brought forward from the previous period14P--€2,116

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,276€2,797▲ 119%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25,585€35,819▲ 40.0%
Other operating charges640/8€655€366▼ 44.1%
Gross operating margin9900€26,460€38,506▲ 45.5%
Operating profit (loss)9901-€1,056-€477▲ 54.8%
Financial charges65/66B€1,060€1,573▲ 48.5%
Recurring financial charges65€1,060€1,573▲ 48.5%
Profit (loss) for the period before taxes9903-€2,116-€2,050▲ 3.1%
Profit (loss) for the period9904-€2,116-€2,050▲ 3.1%
Profit (loss) for the period to be appropriated9905-€2,116-€2,050▲ 3.1%
Line20232024Change
Assets
Total assets20/58€79,553€37,368▼ 53.0%
Fixed assets21/28€24,000€21,203▼ 11.7%
Intangible fixed assets21€17,923€16,031▼ 10.6%
Tangible fixed assets22/27€6,077€5,171▼ 14.9%
Furniture and vehicles24€6,077€5,171▼ 14.9%
Current assets29/58€55,553€16,165▼ 70.9%
Amounts receivable within one year40/41€55,553€14,192▼ 74.5%
Trade receivables40€53,255€9,010▼ 83.1%
Other amounts receivable41€2,298€5,181▲ 125%
Cash at bank and in hand54/58-€1,974-
Equity and liabilities
Total equity and liabilities10/49€79,553€37,368▼ 53.0%
Equity10/15€884-€1,166▼ 232%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€2,116-€4,166▼ 96.9%
Amounts payable17/49€78,669€38,534▼ 51.0%
Amounts payable within one year42/48€78,669€30,081▼ 61.8%
Financial debts43€4,656--
Credit institutions430/8€4,656--
Trade debts44€59,013€29,609▼ 49.8%
Suppliers440/4€59,013€29,609▼ 49.8%
Other amounts payable47/48€15,000€472▼ 96.9%
Accrued charges and deferred income492/3-€8,453-
Line20232024Change
Profit (loss) for the period9904-€2,116-€2,050▲ 3.1%
+ Depreciation and write-downs630€1,276€2,797▲ 119%
Operating cash flow (approximation)-€839€747▲ 189%
Investment in fixed assets (approximation)-€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Koksijde · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
411 m²
Building footprint
218 m²
Volume, LiDAR
2,810 m³
Parcel 38502G0107/00A000, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
UNIT19
Biedenkopflaan(Odk) 7, 8670 KoksijdeComputer programming
since 20222.333.561.464
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38502G0107/00A000 Flanders 411 m² 1 · 218 m² 16.3 m · 5 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 730 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
Founded05-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
71111Activities of building architects
71209Other technical testing and analysis
74120Graphic design and visual communication
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788225958
Also 9925:BE0788225958
Registered 20-02-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.