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URBAN SQUARE

Active
Private limited company (pre-2019)founded 20188 yrs activeAvenue de l'Ermitage 15, 5000 Namur, BelgiumKBO/BCE: BE 0691.780.145
Summary

URBAN SQUARE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €983 and a net result of €12,299. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability49▲+7
Solvency25▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
0.1%
Return on assets
0.9%
Age of the figures
12 mo
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-07-2026, 69 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filings
Deviation from the deadline
2025
69 d late
2024
3 d early
2023
4 d early
2022
45 d early
2021
38 d early
2019
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 April (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
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

URBAN SQUARE was incorporated on 6 March 2018.1 Total assets rose from EUR 824,590 in 2019 to EUR 1.3 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,299▼ 42.1%
2024 · €21,228
Working capital
-€349,994▼ 3.2%
2024 · -€339,285
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€64,427-€18,513▼ 71.3%€135,182▲ 630%€63,710▼ 52.9%€36,119▼ 43.3%
Net result€29,774--€16,869€8,333€21,228▲ 155%€12,299▼ 42.1%
Equity-€24,007--€40,875▼ 70.3%-€32,543▲ 20.4%-€11,315▲ 65.2%€983
Total assets€1.4m-€1.4m▲ 1.4%€1.4m▼ 3.9%€1.4m▲ 2.8%€1.3m▼ 4.2%
Debt€1.4m-€1.5m▲ 2.6%€1.4m▼ 4.3%€1.4m▲ 1.2%€1.3m▼ 5.1%
Working capital-€284,428--€322,028▼ 13.2%-€328,016▼ 1.9%-€339,285▼ 3.4%-€349,994▼ 3.2%
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2021: €64,427€64,427Net result 2021: €29,774€29,774Operating result 2022: €18,513€18,513Net result 2022: -€16,869-€16,869Operating result 2023: €135,182€135,182Net result 2023: €8,333€8,333Operating result 2024: €63,710€63,710Net result 2024: €21,228€21,228Operating result 2025: €36,119€36,119Net result 2025: €12,299€12,29920212022202320242025€0€50,000€100,000€150,000Operating result 2023: €135,182€135,000Net result 2023: €8,333€8,330Operating result 2024: €63,710€63,700Net result 2024: €21,228€21,200Operating result 2025: €36,119€36,100Net result 2025: €12,299€12,300202320242025
The operating result has fallen two years in a row; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets €1.3m ▼ 3.5%
Current assets €26,142 ▼ 31.3%
Equity and liabilities €1.3m
Equity €983
Debt €1.3m
Debt finances 99.9% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€83,345▼
2024 · €109,882
Cash flow
€59,525▼
2024 · €67,400
Current ratio
0.07▼
2024 · 0.10
ROA
0.9%▼
2024 · 1.5%
Interest coverage
3.50▲
2024 · 2.57
Debt ≤ 1 year
€376,135▼
2024 · €377,314
Debt > 1 year
€957,260▼
2024 · €1.0m
Equity ratios withheld: equity of €983 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
1.8% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 1,603 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 · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€1.3m▼
Fixed assets21/28€1.4m€1.3m▼
Tangible fixed assets22/27€1.3m€1.3m▼
Land and buildings22€1.3m€1.3m▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€753€22▼
Financial fixed assets28€15,000€15,000=
Current assets29/58€38,028€26,142▼
Amounts receivable within one year40/41€1,528€1,528=
Other amounts receivable41€1,528€1,528=
Cash at bank and in hand54/58€35,600€24,614▼
Deferred charges and accrued income490/1€900€0▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m▼
Equity10/15-€11,315€983▲
Contributions10/11€60,000€60,000=
Profit (loss) carried forward14-€71,315-€59,017▲
Amounts payable17/49€1.4m€1.3m▼
Amounts payable after more than one year17€1.0m€957,260▼
Financial debts170/4€1.0m€941,240▼
Other amounts payable178/9€22,160€16,020▼
Amounts payable within one year42/48€377,314€376,135▼
Current portion of amounts payable after more than one year42€63,126€64,093▲
Trade debts44€4,185€2,040▼
Suppliers440/4€4,185€2,040▼
Other amounts payable47/48€310,002€310,002=
Income statement Code20242025
Non-recurring operating income76A€10,145-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,173€47,226▲
Other operating charges640/8€10,450€968▼
Gross operating margin9900€120,333€84,313▼
Operating profit (loss)9901€63,710€36,119▼
Financial income75/76B€337-
Recurring financial income75€337-
Financial charges65/66B€42,819€23,820▼
Recurring financial charges65€42,819€23,820▼
Profit (loss) for the period before taxes9903€21,228€12,299▼
Profit (loss) for the period9904€21,228€12,299▼
Profit (loss) for the period to be appropriated9905€21,228€12,299▼
Appropriation of the result
Profit (loss) to be appropriated9906-€71,315-€59,017▲
Profit (loss) brought forward from the previous period14P-€92,543-€71,315▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A--€86,960€10,145--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44,396€47,737€46,420€46,173€47,226▲ 2.3%
Other operating charges640/8-€3,745€1,800€10,450€968▼ 90.7%
Non-recurring operating charges66A--€5,035---
Gross operating margin9900€114,251€69,995€188,436€120,333€84,313▼ 29.9%
Operating profit (loss)9901€64,427€18,513€135,182€63,710€36,119▼ 43.3%
Financial income75/76B-€36-€337--
Recurring financial income75€641€36-€337--
Financial charges65/66B-€35,418€126,849€42,819€23,820▼ 44.4%
Recurring financial charges65€35,295€35,418€39,889€42,819€23,820▼ 44.4%
Non-recurring financial charges66B--€86,960---
Profit (loss) for the period before taxes9903€29,774-€16,869€8,333€21,228€12,299▼ 42.1%
Profit (loss) for the period9904€29,774-€16,869€8,333€21,228€12,299▼ 42.1%
Profit (loss) for the period to be appropriated9905€29,774-€16,869€8,333€21,228€12,299▼ 42.1%
Line20212022202320242025Change
Assets
Total assets20/58€1.4m€1.4m€1.4m€1.4m€1.3m▼ 4.2%
Fixed assets21/28€1.4m€1.4m€1.3m€1.4m€1.3m▼ 3.5%
Tangible fixed assets22/27€1.4m€1.4m€1.3m€1.3m€1.3m▼ 3.5%
Land and buildings22-€1.4m€1.3m€1.3m€1.3m▼ 3.5%
Plant, machinery and equipment23----€0-
Furniture and vehicles24-€3,588€1,793€753€22▼ 97.0%
Financial fixed assets28€1,750€16,250€15,000€15,000€15,000=
Current assets29/58€19,603€22,695€15,819€38,028€26,142▼ 31.3%
Amounts receivable within one year40/41€6,509€7,541€4,235€1,528€1,528=
Trade receivables40-€7,458€2,235---
Other amounts receivable41-€83€2,000€1,528€1,528=
Cash at bank and in hand54/58€11,849€14,005€11,584€35,600€24,614▼ 30.9%
Deferred charges and accrued income490/1-€1,149-€900€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m€1.4m€1.4m€1.3m▼ 4.2%
Equity10/15-€24,007-€40,875-€32,543-€11,315€983▲ 109%
Contributions10/11€60,000€60,000€60,000€60,000€60,000=
Capital10-€60,000----
Issued capital100-€60,000----
Profit (loss) carried forward14-€84,007-€100,875-€92,543-€71,315-€59,017▲ 17.2%
Amounts payable17/49€1.4m€1.5m€1.4m€1.4m€1.3m▼ 5.1%
Amounts payable after more than one year17€1.1m€1.1m€1.0m€1.0m€957,260▼ 6.8%
Financial debts170/4-€1.1m€1.0m€1.0m€941,240▼ 6.4%
Other amounts payable178/9-€24,055€29,885€22,160€16,020▼ 27.7%
Amounts payable within one year42/48€304,031€344,723€343,835€377,314€376,135▼ 0.3%
Current portion of amounts payable after more than one year42-€58,660€59,985€63,126€64,093▲ 1.5%
Trade debts44€11,442€21,256€1,103€4,185€2,040▼ 51.3%
Suppliers440/4-€21,256€1,103€4,185€2,040▼ 51.3%
Other amounts payable47/48-€264,807€282,747€310,002€310,002=
Accrued charges and deferred income492/3-€7,313----
Line20212022202320242025Change
Profit (loss) for the period9904€29,774-€16,869€8,333€21,228€12,299▼ 42.1%
+ Depreciation and write-downs630€44,396€47,737€46,420€46,173€47,226▲ 2.3%
Operating cash flow (approximation)€74,170€30,868€54,752€67,400€59,525▼ 11.7%
Investment in fixed assets (approximation)--€64,231€1,250-€62,370€0▲ 100%
Change in cash-€2,156-€2,421€24,016-€10,987▼ 146%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 69 days late
2025
27-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial Back to profitnet €8,333
Net result €8,333 after one loss-making year.
16-03
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
23-03
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial Back to profitnet €29,774
Net result €29,774 after one loss-making year.
2020
14-04
NBB filing Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Namur · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
6,757 m²
Building footprint
1,401 m²
Volume, LiDAR
28,081 m³
2 parcels, Brussels, Wallonia · tallest building 30.4 m, ±9 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
URBAN SQUARE
Real estate development
since 20182.273.487.582
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21332B0081/00H002 Brussels 3,929 m² 1 · 1,150 m² 30.4 m · 9 fl.
92302E0001/00F004 Wallonia 2,827 m² 1 · 251 m² -
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-09-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-09-2025 of URBAN SQUARE and those 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded06-03-2018
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID 0208:0691780145
Also 9925:BE0691780145
Registered 02-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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