URBAN DEVELOPMENTS
ActiveSummary
URBAN DEVELOPMENTS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €599,396 and a net result of -€7,196. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 2729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+17
Solvency66▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.48 in 2024; short-term debt: 50.1% and cash: 0.3% of total assets), and 58.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
18 d late
2023
8 d late
2022
3 d late
2021
2 d early
2020
52 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
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, abbreviated schema
Equity
€599,396▼ 1.2%
2024 · €606,592
Total assets
€1.5m▼ 5.2%
2024 · €1.5m
Net result
-€7,196▲ 14.6%
2024 · -€8,425
Working capital
€278,793▼ 19.3%
2024 · €345,551
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Operating result€159,056▲ 131%€175,973▲ 10.6%€1,176▼ 99.3%-€18,446€5,765
Net result€109,261above the sector's middle half▲ 121%€122,368above the sector's middle half▲ 12.0%-€6,928below the sector's middle half-€8,425below the sector's middle half▼ 21.6%-€7,196below the sector's middle half▲ 14.6%
Equity€571,006above the sector's middle half▲ 7.1%€621,945above the sector's middle half▲ 8.9%€615,017above the sector's middle half▼ 1.1%€606,592above the sector's middle half▼ 1.4%€599,396above the sector's middle half▼ 1.2%
Total assets€1.2mabove the sector's middle half▲ 37.1%€1.1mabove the sector's middle half▼ 8.7%€1.6mabove the sector's middle half▲ 46.4%€1.5mabove the sector's middle half▼ 4.4%€1.5mabove the sector's middle half▼ 5.2%
Debt€627,651▲ 83.8%€472,995▼ 24.6%€988,071▲ 109%€926,628▼ 6.2%€854,597▼ 7.8%
Working capital€111,861within the sector's middle half▲ 24.9%€158,892above the sector's middle half▲ 42.0%€414,763above the sector's middle half▲ 161%€345,551above the sector's middle half▼ 16.7%€278,793within the sector's middle half▼ 19.3%
Solvency47.6%within the sector's middle half▼ 13.3pp56.8%within the sector's middle half▲ 9.2pp38.4%within the sector's middle half▼ 18.4pp39.6%within the sector's middle half▲ 1.2pp41.2%within the sector's middle half▲ 1.7pp
Current ratio1.19below the sector's middle half▼ 0.071.36below the sector's middle half▲ 0.171.59within the sector's middle half▲ 0.231.48within the sector's middle half▼ 0.111.38within the sector's middle half▼ 0.10
Return on assets (ROA)9.1%within the sector's middle half▲ 3.5pp11.2%within the sector's middle half▲ 2.1pp-0.4%below the sector's middle half▼ 11.6pp-0.5%below the sector's middle half▼ 0.1pp-0.5%below the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,765 after a loss of €18,446 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€446,026 ▼ 4.3%
Current assets
€1.0m ▼ 5.5%
Equity and liabilities €1.5m
Equity
€599,396 ▼ 1.2%
Debt
€854,597 ▼ 7.8%
Debt's share of the balance-sheet total falls from 60.4% to 58.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27,100▲
2024 · €2,546
Cash flow
€14,139▲
2024 · €12,567
Debt to equity
1.43▼
2024 · 1.53
ROE
-1.2%▲
2024 · -1.4%
Interest coverage
2.09▲
2024 · 0.17
Debt ≤ 1 year
€729,175▲
2024 · €721,611
Debt > 1 year
€125,423▼
2024 · €205,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 8,616 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,718 | €19,264 | €20,630 | €20,992 | €21,335 | ▲ 1.6% |
| Other operating charges640/8 | €410 | €57 | €64 | €64 | €66 | ▲ 2.9% |
| Gross operating margin9900 | €176,184 | €195,294 | €21,870 | €2,610 | €27,166 | ▲ 941% |
| Operating profit (loss)9901 | €159,056 | €175,973 | €1,176 | -€18,446 | €5,765 | ▲ 131% |
| Financial income75/76B | €0 | - | - | €25,323 | - | - |
| Recurring financial income75 | €0 | - | - | €25,323 | - | - |
| Financial charges65/66B | €2,509 | €1,953 | €8,104 | €15,302 | €12,962 | ▼ 15.3% |
| Recurring financial charges65 | €2,509 | €1,953 | €8,104 | €15,302 | €12,962 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €156,547 | €174,020 | -€6,928 | -€8,425 | -€7,196 | ▲ 14.6% |
| Income taxes67/77 | €47,286 | €51,653 | - | - | - | - |
| Profit (loss) for the period9904 | €109,261 | €122,368 | -€6,928 | -€8,425 | -€7,196 | ▲ 14.6% |
| Profit (loss) for the period to be appropriated9905 | €109,261 | €122,368 | -€6,928 | -€8,425 | -€7,196 | ▲ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.6m | €1.5m | €1.5m | ▼ 5.2% |
| Fixed assets21/28 | €497,925 | €492,004 | €483,323 | €466,058 | €446,026 | ▼ 4.3% |
| Tangible fixed assets22/27 | €219,055 | €213,134 | €204,453 | €187,188 | €167,157 | ▼ 10.7% |
| Land and buildings22 | €210,492 | €205,497 | €197,741 | €181,402 | €162,296 | ▼ 10.5% |
| Furniture and vehicles24 | €8,563 | €7,637 | €6,712 | €5,786 | €4,860 | ▼ 16.0% |
| Other tangible fixed assets26 | €0 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €278,870 | €278,870 | €278,870 | €278,870 | €278,870 | = |
| Current assets29/58 | €700,732 | €602,937 | €1.1m | €1.1m | €1.0m | ▼ 5.5% |
| Amounts receivable within one year40/41 | €650,521 | €587,922 | €1.1m | €1.1m | €1.0m | ▼ 6.0% |
| Trade receivables40 | €575 | €0 | €1,829 | €2,987 | €0 | ▼ 100% |
| Other amounts receivable41 | €649,946 | €587,922 | €1.1m | €1.1m | €1.0m | ▼ 5.7% |
| Cash at bank and in hand54/58 | €49,350 | €13,728 | €26,611 | €14 | €4,476 | ▲ 31,488% |
| Deferred charges and accrued income490/1 | €862 | €1,287 | €1,215 | €1,041 | €1,366 | ▲ 31.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.6m | €1.5m | €1.5m | ▼ 5.2% |
| Equity10/15 | €571,006 | €621,945 | €615,017 | €606,592 | €599,396 | ▼ 1.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €509,006 | €559,945 | €553,017 | €544,592 | €537,396 | ▼ 1.3% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €502,806 | €553,745 | €546,817 | €538,392 | €531,196 | ▼ 1.3% |
| Amounts payable17/49 | €627,651 | €472,995 | €988,071 | €926,628 | €854,597 | ▼ 7.8% |
| Amounts payable after more than one year17 | €38,780 | €28,951 | €283,068 | €205,016 | €125,423 | ▼ 38.8% |
| Financial debts170/4 | €38,780 | €28,951 | €283,068 | €205,016 | €125,423 | ▼ 38.8% |
| Amounts payable within one year42/48 | €588,871 | €444,045 | €705,002 | €721,611 | €729,175 | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | €9,633 | €9,829 | €74,895 | €78,052 | €79,594 | ▲ 2.0% |
| Financial debts43 | €126 | €123 | €380 | €4,564 | €892 | ▼ 80.4% |
| Credit institutions430/8 | €126 | €123 | €380 | €4,564 | €892 | ▼ 80.4% |
| Trade debts44 | €427,564 | €188,462 | €201,419 | €100,274 | €69,576 | ▼ 30.6% |
| Suppliers440/4 | €427,564 | €188,462 | €201,419 | €100,274 | €69,576 | ▼ 30.6% |
| Taxes, remuneration and social security45 | €101,547 | €123,207 | €52,070 | €593 | €18 | ▼ 96.9% |
| Taxes450/3 | €101,547 | €123,207 | €52,070 | €593 | €18 | ▼ 96.9% |
| Other amounts payable47/48 | €50,000 | €122,423 | €376,239 | €538,128 | €579,095 | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,261 | €122,368 | -€6,928 | -€8,425 | -€7,196 | ▲ 14.6% |
| + Depreciation and write-downs630 | €16,718 | €19,264 | €20,630 | €20,992 | €21,335 | ▲ 1.6% |
| Operating cash flow (approximation) | €125,979 | €141,632 | €13,702 | €12,567 | €14,139 | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | -€13,343 | -€11,949 | -€3,727 | -€1,303 | ▲ 65.0% |
| Change in cash | - | -€35,622 | €12,883 | -€26,597 | €4,462 | ▲ 117% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet -€8,425
Net result drops to -€8,425, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Highest result since 2018net €122,368 ▲12%
Operating result €175,973, net result €122,368, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Equity above €500,000Eq €533,173 ▲10.2%
3 profitable years in a row build equity to €533,173.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Drogenbos · 1 establishment unit since 1989
Ground area
7,925 m²
Building footprint
4,905 m²
Volume, LiDAR
34,514 m³
Parcel 22001B0038/00K000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
257
companies at this address
See who is registered here
1 establishment unit
URBAN DEVELOPMENTS
since 19892.042.888.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001B0038/00K000 | Flanders | 7,925 m² | 1 · 4,905 m² | 12.9 m · 2 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.
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Of 3,214 companies in sector 62900 we hold annual accounts for 1,746. 1,032 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
Founded11-01-1989
Fiscal year end31-12
Abbreviation NL
U.D.
Activities, NACEBEL 2025
62900Other information technology and computer services
46150Agents in the wholesale of furniture, household goods and hardware
46431Wholesale of electrical household appliances and audio-video equipment
46649Wholesale of other machinery and equipment
47540Retail sale of electrical household appliances
77222Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436491288
Also
9925:BE0436491288
Registered
08-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.