Financials
- Financial year
- 2025
- Total assets
- €677.2m
- Loss
- -€683,693
- Solvency
- 97.4%
Total assets▲ 6,700×
Net result
20242025
United Beet Seeds
ActiveSummary
The computed 12-month bankruptcy probability of United Beet Seeds is 2.0% (moderate). The annual accounts of United Beet Seeds for financial year 2025 show a net loss of 716% of the equity at the start of that year. The 2025 annual accounts show equity of €659.4m and a net result of -€683,693. Its solvency ranks better than 95% of 271 sector peers (NACE 72, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other research and development on natural sciences
NACE 72109
Largest company by equity in Flemish Brabant, Research and development sector1 site
Size
€677.2mtotal assets 2025
- Equity
- €659.4m
- Loss
- -€683,693
Turnover not published (abbreviated format)Total assets +669,857%: capital increase
Structure
- Parent
- FD ADMIRAL · 75%
- Board
- 7 members
- Holdings
- 10
Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts filed 170 days late
Why 56raises riskLiquidity: current ratio 1.40Last filed accounts filed 171 days late; 1 of the last 3 latelowers riskSector: Scientific research and development (NACE 72)Size: total assets €677.2mShow the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 77% of its sector peers (all companies)
Financial strength · tick = 2024
Strong
Solvency
100=
equity 97.4% of total assets
Liquidity
100=
short-term debt 2.6%
Profitability
19-7
return on assets -0.1%
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 0.8%lowest value
04-2025: 0.8%● unchanged vs 03-2025lowest value
05-2025: 0.8%● unchanged vs 04-2025lowest value
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.1 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.1%▲ +0.1 percentage points vs 10-2025
12-2025: 1.0%▼ -0.1 percentage points vs 11-2025
01-2026: 1.1%▲ +0.1 percentage points vs 12-2025
02-2026: 1.6%▲ +0.5 percentage points vs 01-2026
03-2026: 2.0%▲ +0.4 percentage points vs 02-2026
04-2026: 3.1%▲ +1.1 percentage points vs 03-2026
05-2026: 3.1%● unchanged vs 04-2026
06-2026: 3.2%▲ +0.1 percentage points vs 05-2026
07-2026: 3.9%▲ +0.7 percentage points vs 06-2026highest value
08-2026: 2.0%▼ -1.9 percentage points vs 07-2026
09-2026: 2.0%● unchanged vs 08-2026
10-2026: 2.0%● unchanged vs 09-2026
Credit of up to €36,900,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.4, compared with 17.78 in 2024, below the usual 1.5; short-term debt: 2.6% of total assets), and 2.6% of the assets are financed with debt and provisions.
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 (all companies): better than 93% on solvency, 99% on liquidity, 15% on profitability and 99% on growth.
The bankruptcy probability was computed on 29-10-2026 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
Six signals.
lowers riskraises risk
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 170 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-07-2026, 170 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filingsDeviation from the deadline
2025
170 days late
2024
18 days 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 76 days after the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end30-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Equity above €500mequity €659.4m ▲690,680%
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
- Caution: Result fell in 2025from -€4,541 to -€683,693 ▼ 14,956% View
- Caution: Latest accounts filed lateafter the legal deadline 170 days View
- Positive: Largest company by equity in Flemish Brabant, Research and development sectorin the Checked rankings No. 1 View
- Controlled by FD ADMIRALknown shareholders 100% 75% View
By topic
Board & ownership
- Board
- 7 members
- Parent
- FD ADMIRAL · 75%
- Known shareholders
- 100%
- Auditor
- Ernst et Young Reviseurs…
- BARTLEM Derek GrahamDirector
- DESPREZ Bruno Florimond HenriDirector
- DESPREZ FlorimondDirector
- DESPREZ François Florimond Charles VictorDirector
- DESPREZ MarinDirector
and 2 other directors
Network & group
- Group
- FLORIMOND DESPREZ VEUVE ET…
- Subsidiaries
- 9
- Direct holdings
- 10
- Connected companies
- 1
10 holdings
Timeline
- Events
- 5
- Since
- 2024
- Next accounts
- by 31-01-2027
- 05-12-2024Permanent representative: BECKERS Christophe
- 16-02-2024Incorporation
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other research and development on natural sciencesNACE 72109
- Founded
- 14-02-2024
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 15
- Who signs
- Each director alone
- Annual meeting
- 15 October at 09:00
- Purpose
- “Onderzoek en ontwikkeling, vermeerdering, verwerking (polijsten, primen, pelleteren…” (deed in Dutch)
Key facts about United Beet Seeds
- What is the company number of United Beet Seeds?
- 1005.997.787. In Belgium the VAT number is the company number with BE in front: BE 1005.997.787.
- Where is United Beet Seeds based?
- The registered office is at Industriepark 15, 3300 Tienen.Company details
- What does United Beet Seeds do?
- According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
- What is the legal form of United Beet Seeds?
- Private limited company (BV).
- When was United Beet Seeds founded?
- On 14-02-2024.
- Is United Beet Seeds still active?
- Yes, United Beet Seeds is an active enterprise in the KBO register.
- What is the turnover of United Beet Seeds?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is United Beet Seeds profitable?
- In financial year 2025, United Beet Seeds made a loss of €683,693.
- Where can I find the annual accounts of United Beet Seeds?
- United Beet Seeds filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of United Beet Seeds due?
- By 31-01-2027, for financial year 2026.Timeline
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