URBAN DEVELOPMENT
ActiveSummary
URBAN DEVELOPMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of €61,815. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38=
Solvency54▼-2
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
Liquidity ample (current ratio 3.12 against 2.2 in 2024; short-term debt: 32.1% and cash: 0.3% of total assets), but 71% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
23 d early
2023
27 d early
2022
26 d early
2021
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€28.0m▲ 41.9%
2024 · €19.7m
EBIT margin
2.2%▲ 0.2pp
2024 · 2.0%
Net result
€61,815▲ 25.9%
2024 · €49,079
Working capital
€12.2m▲ 36.8%
2024 · €8.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€19.7m€28.0m▲ 41.9%
Operating result€52,538-€837,377▲ 1,494%€1.3m▲ 58.6%€391,737▼ 70.5%€625,065▲ 59.6%
Net result-€64,828below the sector's middle half-€516,007above the sector's middle half€790,677above the sector's middle half▲ 53.2%€49,079within the sector's middle half▼ 93.8%€61,815within the sector's middle half▲ 25.9%
EBIT margin2.0%2.2%▲ 0.2pp
Equity€1.4mabove the sector's middle half-€2.8mabove the sector's middle half▲ 95.2%€5.1mabove the sector's middle half▲ 81.8%€5.1mabove the sector's middle half▲ 1.0%€5.2mabove the sector's middle half▲ 1.2%
Total assets€5.1mabove the sector's middle half-€8.1mabove the sector's middle half▲ 60.4%€12.6mabove the sector's middle half▲ 54.9%€16.3mabove the sector's middle half▲ 29.7%€17.9mabove the sector's middle half▲ 9.7%
Debt€3.6m-€5.3m▲ 46.6%€7.5m▲ 40.8%€11.2m▲ 49.2%€12.7m▲ 13.6%
Working capital€3.2mabove the sector's middle half-€3.9mabove the sector's middle half▲ 24.0%€6.5mabove the sector's middle half▲ 66.1%€8.9mabove the sector's middle half▲ 36.0%€12.2mabove the sector's middle half▲ 36.8%
Solvency28.3%within the sector's middle half-34.5%within the sector's middle half▲ 6.1pp40.4%within the sector's middle half▲ 6.0pp31.5%within the sector's middle half▼ 9.0pp29.0%within the sector's middle half▼ 2.4pp
Current ratio2.68within the sector's middle half-1.94within the sector's middle half▼ 0.742.08within the sector's middle half▲ 0.142.20within the sector's middle half▲ 0.123.12within the sector's middle half▲ 0.92
Return on assets (ROA)-1.3%below the sector's middle half-6.3%above the sector's middle half▲ 7.6pp6.3%above the sector's middle half▼ 0.1pp0.3%within the sector's middle half▼ 6.0pp0.3%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -94% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 60% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €17.9m
Equity
€5.2m ▲ 1.2%
Debt
€12.7m ▲ 13.6%
Debt's share of the balance-sheet total rises from 68.5% to 71.0%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.07▼
2024 · 0.14
Debt to equity
2.45▲
2024 · 2.18
ROE
1.2%▲
2024 · 1.0%
Debt ≤ 1 year
€5.7m▼
2024 · €7.4m
Debt > 1 year
€6.9m▲
2024 · €3.6m
Income taxes
€22,457▲
2024 · €16,360
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 144 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.7%
went bankrupt
2.1%
stopped otherwise
97%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 144 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €6.1m | €5.9m | ▼ 3.3% |
| Turnover70 | - | - | - | €19.7m | €28.0m | ▲ 41.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€13.6m | -€22.1m | ▼ 62.3% |
| Other operating income74 | - | - | - | €3,991 | €21,142 | ▲ 430% |
| Operating charges60/66A | - | - | - | €5.7m | €5.3m | ▼ 7.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.1m | €4.6m | ▼ 10.2% |
| Purchases600/8 | - | - | - | €12.4m | €6.8m | ▼ 44.9% |
| Change in stocks: decrease (increase)609 | - | - | - | -€7.3m | -€2.2m | ▲ 69.5% |
| Services and other goods61 | - | - | - | €578,064 | €665,803 | ▲ 15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €100,000 | €60,000 | - | - | - | - |
| Other operating charges640/8 | €11,553 | €27,417 | €5,300 | €1,499 | €7,294 | ▲ 387% |
| Gross operating margin9900 | €164,091 | €924,794 | €1.3m | - | - | - |
| Operating profit (loss)9901 | €52,538 | €837,377 | €1.3m | €391,737 | €625,065 | ▲ 59.6% |
| Financial income75/76B | €1,049 | €0 | €8,010 | €3,098 | €2,577 | ▼ 16.8% |
| Recurring financial income75 | €1,049 | €0 | €8,010 | €3,098 | €2,577 | ▼ 16.8% |
| Income from current assets751 | - | - | - | €3,098 | €1,621 | ▼ 47.7% |
| Other financial income752/9 | - | - | - | €0 | €955 | ▲ 382,052% |
| Financial charges65/66B | €118,415 | €141,715 | €300,671 | €329,397 | €543,369 | ▲ 65.0% |
| Recurring financial charges65 | €118,415 | €141,715 | €300,671 | €329,397 | €543,369 | ▲ 65.0% |
| Debt charges650 | - | - | - | €324,770 | €534,602 | ▲ 64.6% |
| Other financial charges652/9 | - | - | - | €4,627 | €8,767 | ▲ 89.5% |
| Profit (loss) for the period before taxes9903 | -€64,828 | €695,662 | €1.0m | €65,439 | €84,272 | ▲ 28.8% |
| Income taxes67/77 | - | €179,655 | €244,668 | €16,360 | €22,457 | ▲ 37.3% |
| Taxes670/3 | - | - | - | €16,360 | €22,457 | ▲ 37.3% |
| Profit (loss) for the period9904 | -€64,828 | €516,007 | €790,677 | €49,079 | €61,815 | ▲ 25.9% |
| Profit (loss) for the period to be appropriated9905 | -€64,828 | €516,007 | €790,677 | €49,079 | €61,815 | ▲ 25.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.1m | €8.1m | €12.6m | €16.3m | €17.9m | ▲ 9.7% |
| Current assets29/58 | €5.1m | €8.1m | €12.6m | €16.3m | €17.9m | ▲ 9.7% |
| Stocks and contracts in progress3 | €4.5m | €5.4m | €9.8m | €15.3m | €17.5m | ▲ 14.4% |
| Stocks30/36 | - | - | - | €15.3m | €17.5m | ▲ 14.4% |
| Property held for sale35 | - | - | - | €15.3m | €17.5m | ▲ 14.4% |
| Contracts in progress37 | €4.5m | €5.4m | €9.8m | - | - | - |
| Amounts receivable within one year40/41 | €524,702 | €436,094 | €517,285 | €399,035 | €279,568 | ▼ 29.9% |
| Trade receivables40 | €4,017 | €436,094 | €517,285 | €143,657 | €38,362 | ▼ 73.3% |
| Other amounts receivable41 | €520,685 | - | - | €255,378 | €241,206 | ▼ 5.5% |
| Cash at bank and in hand54/58 | €75,446 | €2.3m | €2.2m | €538,857 | €57,494 | ▼ 89.3% |
| Deferred charges and accrued income490/1 | €3,862 | €10,180 | €5,869 | €70,436 | €48,268 | ▼ 31.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.1m | €8.1m | €12.6m | €16.3m | €17.9m | ▲ 9.7% |
| Equity10/15 | €1.4m | €2.8m | €5.1m | €5.1m | €5.2m | ▲ 1.2% |
| Contributions10/11 | €1.5m | €2.4m | €3.9m | €3.9m | €3.9m | = |
| Capital10 | €1.5m | €2.4m | €3.9m | €3.9m | €3.9m | = |
| Issued capital100 | €1.5m | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Uncalled capital101 | - | €2.6m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | - | €25,800 | €65,334 | €67,788 | €70,879 | ▲ 4.6% |
| Non-distributable reserves130/1 | - | €25,800 | €65,334 | €67,788 | €70,879 | ▲ 4.6% |
| Legal reserve130 | - | €25,800 | €65,334 | €67,788 | €70,879 | ▲ 4.6% |
| Profit (loss) carried forward14 | -€64,828 | €425,379 | €1.2m | €1.2m | €1.3m | ▲ 4.8% |
| Amounts payable17/49 | €3.6m | €5.3m | €7.5m | €11.2m | €12.7m | ▲ 13.6% |
| Amounts payable after more than one year17 | €1.7m | €1.1m | €1.4m | €3.6m | €6.9m | ▲ 93.7% |
| Financial debts170/4 | €1.7m | €1.1m | €1.4m | €3.6m | €6.9m | ▲ 93.7% |
| Credit institutions173 | - | - | - | €3.6m | €6.9m | ▲ 93.7% |
| Amounts payable within one year42/48 | €1.9m | €4.2m | €6.1m | €7.4m | €5.7m | ▼ 22.7% |
| Financial debts43 | - | - | - | - | €1.5m | - |
| Other loans439 | - | - | - | - | €1.5m | - |
| Trade debts44 | €666,710 | €977,925 | €3.4m | €3.7m | €1.8m | ▼ 51.8% |
| Suppliers440/4 | €666,710 | €977,925 | €3.4m | €3.7m | €1.8m | ▼ 51.8% |
| Taxes, remuneration and social security45 | - | €141,628 | €263,219 | €58,889 | €21,971 | ▼ 62.7% |
| Taxes450/3 | - | €141,628 | €263,219 | €58,889 | €21,971 | ▼ 62.7% |
| Other amounts payable47/48 | €1.2m | €3.1m | €2.4m | €3.7m | €2.5m | ▼ 33.7% |
| Accrued charges and deferred income492/3 | €1,569 | €3,149 | €22,606 | €177,463 | €36,904 | ▼ 79.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64,828 | €516,007 | €790,677 | €49,079 | €61,815 | ▲ 25.9% |
| Operating cash flow (approximation) | -€64,828 | €516,007 | €790,677 | €49,079 | €61,815 | ▲ 25.9% |
| Change in cash | - | €2.2m | -€29,747 | -€1.7m | -€481,362 | ▲ 71.6% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2021net €790,677 ▲53.2%
Operating result €1.3m, net result €790,677, both a record.
31-12
Financial
Equity above €5mEq €5.1m ▲81.8%
2 profitable years in a row build equity to €5.1m.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €516,007
Net result €516,007 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.8m ▲95.2%
Equity rises from €1.4m to €2.8m.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated 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, Antwerpen · 1 establishment unit since 2020
Ground area
4,953 m²
Building footprint
4,254 m²
Volume, LiDAR
64,385 m³
Parcel 11811L3665/00X000, Flanders · tallest building 29.2 m, ±6 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
URBAN DEVELOPMENT
since 20202.304.990.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3665/00X000 | Flanders | 4,953 m² | 1 · 4,254 m² | 29.2 m · 6 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
Part of the group
SOCREAL
16 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- SOCREAL
- VOORUITZICHT
- URBAN DEVELOPMENT
Highest known parent: SOCREAL. The sources do not say who stands above it.
Owners 2
- VOORUITZICHTparent50.1%
-
49.9%
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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 1,807 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Contact
E-mail
info@vooruitzicht.be
Phone
032609595
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750661323
Also
9925:BE0750661323
Registered
17-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.