URBAN HERITAGE
ActiveURBAN HERITAGE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €-4k. Equity is growing by ~72.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+3
Solvency32▲+3
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.3 against 1.29 in 2024; short-term debt: 39.2% and cash: 8% of total assets), but 93.2% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
18 d late
2023
5 d early
2022
6 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€74k▲ 47.4%
2024 · €50k
2022: €16k
2023: €27k
2024: €50k
2022 → 2025
Total assets
€1.09M▼ 10.9%
2024 · €1.22M
2022: €550k
2023: €831k
2024: €1.22M
2022 → 2025
Net result
€-4k▲ 86.8%
2024 · €-33k
2022: €-14k
2023: €12k
2024: €-33k
2022 → 2025
Working capital
€552k▲ 101%
2024 · €274k
2022: €529k
2023: €802k
2024: €274k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€16k-€27k▲ 76.7%€50k▲ 81.9%€74k▲ 47.4%
Operating result€-14k-€20k€-38k€-36k▲ 5.8%
Net result€-14k-€12k€-33k€-4k▲ 86.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €38k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€108k▲ 9,693%
Current assets
€978k▼ 19.6%
Equity and liabilities €1.09M
Equity
€74k▲ 47.4%
Provisions
€28k▲ 50.7%
Debt
€986k▼ 14.4%
The debt ratio falls from 94.4% to 90.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-31k▲
2024 · €-36k
Cash flow
€184▲
2024 · €-31k
Solvency
6.8%▲
2024 · 4.1%
Current ratio
2.30▲
2024 · 1.29
Quick ratio
0.30▲
2024 · 0.23
Debt / equity
13.38▼
2024 · 23.03
ROE
-5.9%▲
2024 · -65.6%
ROA
-0.4%▲
2024 · -2.7%
Interest coverage
-1.01▲
2024 · -3.49
Debt
€986k▼
2024 · €1.15M
Debt ≤ 1 year
€426k▼
2024 · €942k
Debt > 1 year
€559k▲
2024 · €207k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€1.09M▼
Formation expenses20€3k€1k▼
Fixed assets21/28€1k€108k▲
Tangible fixed assets22/27€1k€108k▲
Land and buildings22-€108k
Furniture and vehicles24€1k€552▼
Current assets29/58€1.22M€978k▼
Stocks and contracts in progress3€998k€850k▼
Stocks30/36€998k€850k▼
Amounts receivable within one year40/41€32k€37k▲
Trade receivables40€11k€36k▲
Other amounts receivable41€21k€580▼
Cash at bank and in hand54/58€182k€87k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.09M▼
Equity10/15€50k€74k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-35k€-40k▼
Investment grants15€55k€83k▲
Provisions and deferred taxes16€18k€28k▲
Deferred taxes168€18k€28k▲
Amounts payable17/49€1.15M€986k▼
Amounts payable after more than one year17€207k€559k▲
Financial debts170/4€87k€439k▲
Other amounts payable178/9€120k€120k=
Amounts payable within one year42/48€942k€426k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€835k€171k▼
Credit institutions430/8€835k€171k▼
Trade debts44€66k€56k▼
Suppliers440/4€66k€56k▼
Taxes, remuneration and social security45€31k€21k▼
Taxes450/3€31k€21k▼
Other amounts payable47/48€5k€174k▲
Accrued charges and deferred income492/3€3k€984▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€9k€5k▼
Gross operating margin9900€-28k€-27k▲
Operating profit (loss)9901€-38k€-36k▲
Financial income75/76B€12k€47k▲
Recurring financial income75€12k€47k▲
Financial charges65/66B€10k€31k▲
Recurring financial charges65€10k€31k▲
Profit (loss) for the period before taxes9903€-37k€-20k▲
Transfer from deferred taxes780€4k€16k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-33k€-4k▲
Profit (loss) for the period to be appropriated9905€-33k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-40k▼
Profit (loss) brought forward from the previous period14P€-3k€-35k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 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 €-33k ▼375%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Menen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijselstraat 538930 MenenGround area
1,143 m²
Building footprint
684 m²
Volume, LiDAR
5,464 m³
2 parcels, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
URBAN HERITAGE
since 20212.323.476.731
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0066/00V000 | Flanders | 588 m² | 1 · 92 m² | 8.3 m · 2 fl. |
| 34027E0943/00T000 | Flanders | 554 m² | 1 · 592 m² | 14.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 200,000 EUR awarded · 189,323 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 100,000 EUR |
| 2024 | 1 | 0 EUR | 89,323 EUR |
| 2023 | 1 | 200,000 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,529 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-2021
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
41001General construction of residential buildings
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.