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Unveiled

Active
Private limited companyfounded 20242 yrs activeElf Novemberlaan 72, 1040 Etterbeek, BelgiumKBO/BCE: BE 1010.336.855
Summary

The computed 12-month bankruptcy probability of Unveiled is 2.7% (moderate). The 2024 annual accounts show negative equity (-€509) and a net result of -€10,509. Its solvency ranks better than 30% of 177 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency24
Growth-
Track record67
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78; short-term debt: 100.7% and cash: 31.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
-0.7%
Return on assets
-15.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
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 24-07-2025, 7 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 7 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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 13 June 2024, Unveiled was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

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

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Financials · fiscal year 2024, micro schema

Equity
-€509
Total assets
€68,072
Net result
-€10,509
Working capital
-€15,003

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €68,072
Fixed assets €14,494
Current assets €53,578
Key figures and ratios
2024 value
EBITDA
-€9,039
Cash flow
-€9,162
Solvency
-0.7%
Current ratio
0.78
Quick ratio
0.35
ROA
-15.4%
Interest coverage
-73.77
Debt
€68,581
Debt ≤ 1 year
€68,581
Equity ratios withheld: equity of -€509 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.7% 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 7,663 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 · 30 lines
Balance sheet Code2024
Assets
Total assets20/58€68,072
Fixed assets21/28€14,494
Intangible fixed assets21€14,494
Current assets29/58€53,578
Stocks and contracts in progress3€29,306
Stocks30/36€29,306
Amounts receivable within one year40/41€2,270
Trade receivables40€242
Other amounts receivable41€2,028
Cash at bank and in hand54/58€21,316
Deferred charges and accrued income490/1€687
Equity and liabilities
Total equity and liabilities10/49€68,072
Equity10/15-€509
Contributions10/11€10,000
Profit (loss) carried forward14-€10,509
Amounts payable17/49€68,581
Amounts payable within one year42/48€68,581
Trade debts44€5,229
Suppliers440/4€5,229
Other amounts payable47/48€63,352
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,347
Other operating charges640/8€1,141
Gross operating margin9900-€7,898
Operating profit (loss)9901-€10,386
Financial charges65/66B€123
Recurring financial charges65€123
Profit (loss) for the period before taxes9903-€10,509
Profit (loss) for the period9904-€10,509
Profit (loss) for the period to be appropriated9905-€10,509
Appropriation of the result
Profit (loss) to be appropriated9906-€10,509

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,347
Other operating charges640/8€1,141
Gross operating margin9900-€7,898
Operating profit (loss)9901-€10,386
Financial charges65/66B€123
Recurring financial charges65€123
Profit (loss) for the period before taxes9903-€10,509
Profit (loss) for the period9904-€10,509
Profit (loss) for the period to be appropriated9905-€10,509
Line2024
Assets
Total assets20/58€68,072
Fixed assets21/28€14,494
Intangible fixed assets21€14,494
Current assets29/58€53,578
Stocks and contracts in progress3€29,306
Stocks30/36€29,306
Amounts receivable within one year40/41€2,270
Trade receivables40€242
Other amounts receivable41€2,028
Cash at bank and in hand54/58€21,316
Deferred charges and accrued income490/1€687
Equity and liabilities
Total equity and liabilities10/49€68,072
Equity10/15-€509
Contributions10/11€10,000
Profit (loss) carried forward14-€10,509
Amounts payable17/49€68,581
Amounts payable within one year42/48€68,581
Trade debts44€5,229
Suppliers440/4€5,229
Other amounts payable47/48€63,352
Line2024
Profit (loss) for the period9904-€10,509
+ Depreciation and write-downs630€1,347
Operating cash flow (approximation)-€9,162

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
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,222 m²
Building footprint
572 m²
Volume, LiDAR
7,568 m³
2 parcels, Brussels, Wallonia · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Unveiled
Rue de l'Erable(SL) 16, 5020 NamurManufacture of chemicals and chemical products
since 20242.360.353.755
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
92120A0045/00H003 Wallonia 734 m² 1 · 188 m² -
21362B0202/00K003 Brussels 489 m² 1 · 384 m² 23.9 m · 7 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 243 companies in sector 20420 we hold annual accounts for 94. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
20420Manufacture of chemicals and chemical products
46450Wholesale of perfume and cosmetics
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010336855
Registered 09-07-2024

Register as of 27 September 2026 · Peppol Directory

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