Active BE 0475.974.842Private limited company (pre-2019)Open bankruptcy

URBAN DEVELOPMENT

Lode Vissenaekenstraat 52 ·2600 Antwerpen, Belgium· 24 yrs active

Sector: Real estate activities (68121)

Conclusion Checked

A bankruptcy procedure is open for URBAN DEVELOPMENT according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €53k and a net result of €-31k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€53k
Net result	€-31k
Better than sector	55%
Active	24 yrs

Snowflake analysis 5 axes · computed by Checked

12 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 0

Solvency 28

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 09-10-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 68 — Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	18.2%	12.2%	better than 55% of 336 sector peers
Net result	€-31k	€-2k	better than 15% of 333 sector peers
Equity	€53k	€13k	better than 75% of 336 sector peers
Gross operating margin	€-27k	€9k	better than 7% of 332 sector peers
Total assets	€289k	€145k	better than 66% of 336 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-28k

— 18–22

Net profit

€-31k

+66.4% 18–22

Cash flow

€-30k

— 18–22

Total assets

€289k

+16.8% 18–22

Equity

€53k

-36.8% 18–22

Working capital

€51k

-38.1% 18–22

Income taxes

€2k

-28.8% 18–22

Debt

€237k

+44.0% 18–22

Debt ≤ 1y

€237k

+44.0% 18–22

Current ratio

1.22

-19.2% 18–22

Quick ratio

1.09

-17.6% 18–22

Solvency

18.2%

-45.9% 18–22

Debt / equity

4.50

+127.8% 18–22

ROE

-58.2%

+46.8% 18–22

ROA

-10.6%

+71.2% 18–22

Interest coverage

-14.20

— 18–22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	—
EBITDA	€-28k
Net profit	€-31k
Cash flow	€-30k
Staff costs	—
Income taxes	—
Dividends	—
Total assets	€289k
Equity	€53k
Debt	€237k
of which ≤ 1y	€237k
of which > 1y	—
Working capital	€51k
Employees (FTE)	—

Ratios (computed)

	2022
Current ratio	1.22
Quick ratio	1.09
Working capital ratio	17.8%
Solvency	18.2%
Debt / equity	4.50
Long-term debt ratio	—
Interest coverage	-14.20
Gross margin	—
Net margin	—
ROA	-10.6%
ROE	-58.2%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2022

Assets

Fixed assets €1k · 0.4% Current assets €288k · 99.6%

Equity & liabilities

Equity €53k · 18.2% Debt €237k · 81.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet — Assets
TOTAL ASSETS	20/58	€289k
Fixed assets	21/28	€1k
Tangible fixed assets	22/27	€1k
Current assets	29/58	€288k
Stocks & contracts in progress	3	€30k
Amounts receivable within one year	40/41	€213k
Investments	50/53	€5k
Cash & bank	54/58	€178
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€289k
Equity	10/15	€53k
Contributions / capital	10/11	€19k
Reserves	13	€157k
Accumulated profits (losses)	14	€-123k
Amounts payable	17/49	€237k
Amounts payable within one year	42/48	€237k
Trade debts payable within one year	44	€41k
Income statement
Gross operating margin	9900	€-27k
Operating result	9901	€-29k
Financial charges	65	€2k
Result before taxes	9903	€-31k
Net result for the period	9904	€-31k
Result to be appropriated	9905	€-31k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FILIP SELS HEMELSTRAAT 3, 2018 ANTWERPEN 1- ↔ Also on 103 other cases	23-04-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Real estate activities(68121)
Legal form	Private limited company (pre-2019)(015)
Incorporation	26-10-2001
Status	Active
Postal code	2600
First BS signal	02-05-2024
Latest BS signal	02-05-2024

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

Belpi

Lode Vissenaekenstraat 52, 2600 Antwerpenscheepsbevrachting

since 20062.152.864.817

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11003A0346/00H000	Flanders	5,481 m²	1 · 343 m²	25.8 m · 7 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

02-05-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · URBAN DEVELOPMENT BV LODE VISSENAEKENSTRAAT 52/21, 2600 BERCHEM (ANTWER- PEN) · event 23-04-2024

2023

09-10-2023