URBASTYLE
ActiveSummary
URBASTYLE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €123,697. Equity is growing by ~16.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-10
Solvency44▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.23 in 2023; short-term debt: 78.7% and cash: 1.8% of total assets), and 80.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% 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 2024Solvency, return and age of the figures
Solvency
19.3%
Return on assets
2%
Age of the figures
21 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 12-06-2026, 49 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
49 d early
2024
50 d early
2023
54 d early
2022
38 d early
2021
30 d late
2020
36 d early
2019
27 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 24 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% 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 12 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€123,697▼ 47.1%
2023 · €233,922
Working capital
€1.1m▲ 7.9%
2023 · €998,954
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€304,220--€28,321€113,069€407,598▲ 260%€273,516▼ 32.9%
Net result€200,389above the sector's middle half--€62,724below the sector's middle half€63,411within the sector's middle half€233,922within the sector's middle half▲ 269%€123,697within the sector's middle half▼ 47.1%
Equity€880,264within the sector's middle half-€817,540within the sector's middle half▼ 7.1%€876,431within the sector's middle half▲ 7.2%€1.1mwithin the sector's middle half▲ 26.0%€1.2mwithin the sector's middle half▲ 10.7%
Total assets€3.0mwithin the sector's middle half-€4.5mabove the sector's middle half▲ 47.3%€4.4mabove the sector's middle half▼ 1.1%€5.6mwithin the sector's middle half▲ 27.6%€6.3mwithin the sector's middle half▲ 11.9%
Debt€2.2m-€3.7m▲ 69.5%€3.5m▼ 3.0%€4.5m▲ 27.9%€5.1m▲ 12.3%
Working capital€892,088above the sector's middle half-€771,115within the sector's middle half▼ 13.6%€650,786within the sector's middle half▼ 15.6%€998,954within the sector's middle half▲ 53.5%€1.1mwithin the sector's middle half▲ 7.9%
Solvency29.0%within the sector's middle half-18.3%below the sector's middle half▼ 10.7pp19.8%below the sector's middle half▲ 1.5pp19.6%below the sector's middle half▼ 0.2pp19.3%below the sector's middle half▼ 0.2pp
Current ratio1.45within the sector's middle half-1.22within the sector's middle half▼ 0.231.19within the sector's middle half▼ 0.031.23within the sector's middle half▲ 0.041.22within the sector's middle half▼ 0.01
Return on assets (ROA)6.6%within the sector's middle half--1.4%below the sector's middle half▼ 8.0pp1.4%within the sector's middle half▲ 2.8pp4.1%within the sector's middle half▲ 2.7pp2.0%within the sector's middle half▼ 2.2pp
Staff (FTE)39.9above the sector's middle half-39.5above the sector's middle half▼ 1.0%40.8above the sector's middle half▲ 3.3%35.2within the sector's middle half▼ 13.7%35.3within the sector's middle half▲ 0.3%
above
within
below
the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result +269% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 33% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.3m
Fixed assets
€269,542 ▲ 5.5%
Current assets
€6.0m ▲ 12.3%
Equity and liabilities €6.3m
Equity
€1.2m ▲ 10.7%
Debt
€5.1m ▲ 12.3%
Debt's share of the balance-sheet total rises from 80.4% to 80.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€442,884▼
2023 · €604,497
Cash flow
€293,066▼
2023 · €430,821
Quick ratio
0.79▲
2023 · 0.74
Debt to equity
4.17▲
2023 · 4.11
ROE
10.1%▼
2023 · 21.2%
Interest coverage
5.15▼
2023 · 7.22
Debt ≤ 1 year
€5.0m▲
2023 · €4.4m
Debt > 1 year
€125,000▼
2023 · €150,000
Income taxes
€64,232▼
2023 · €90,233
Staff costs
€2.7m▲
2023 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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%.
| 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 4,105 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.2m | €2.4m | €2.4m | €2.7m | ▲ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,157 | €79,169 | €337,688 | €196,899 | €169,368 | ▼ 14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €387,492 | €0 | - | - | - |
| Other operating charges640/8 | - | €5,626 | €3,644 | €4,101 | €36,509 | ▲ 790% |
| Gross operating margin9900 | €2.3m | €2.6m | €2.9m | €3.0m | €3.2m | ▲ 4.7% |
| Operating profit (loss)9901 | €304,220 | -€28,321 | €113,069 | €407,598 | €273,516 | ▼ 32.9% |
| Financial income75/76B | - | €2,265 | €105 | €255 | €476 | ▲ 87.0% |
| Recurring financial income75 | €845 | €2,265 | €105 | €255 | €476 | ▲ 87.0% |
| Financial charges65/66B | - | €36,474 | €40,938 | €83,698 | €86,063 | ▲ 2.8% |
| Recurring financial charges65 | €37,607 | €36,474 | €40,938 | €83,698 | €86,063 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €267,458 | -€62,530 | €72,236 | €324,155 | €187,929 | ▼ 42.0% |
| Income taxes67/77 | €67,069 | €194 | €8,825 | €90,233 | €64,232 | ▼ 28.8% |
| Profit (loss) for the period9904 | €200,389 | -€62,724 | €63,411 | €233,922 | €123,697 | ▼ 47.1% |
| Profit (loss) for the period to be appropriated9905 | €200,389 | -€62,724 | €63,411 | €233,922 | €123,697 | ▼ 47.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €4.5m | €4.4m | €5.6m | €6.3m | ▲ 11.9% |
| Fixed assets21/28 | €152,172 | €196,425 | €375,645 | €255,398 | €269,542 | ▲ 5.5% |
| Intangible fixed assets21 | €119,909 | €79,939 | €171,220 | €56,250 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €25,873 | €110,095 | €198,035 | €189,915 | €256,706 | ▲ 35.2% |
| Land and buildings22 | - | €8,514 | €7,488 | €16,660 | €14,601 | ▼ 12.4% |
| Plant, machinery and equipment23 | - | €93,811 | €164,282 | €108,800 | €133,223 | ▲ 22.4% |
| Furniture and vehicles24 | - | €7,771 | €26,266 | €64,455 | €108,882 | ▲ 68.9% |
| Financial fixed assets28 | €6,390 | €6,390 | €6,390 | €9,233 | €12,836 | ▲ 39.0% |
| Current assets29/58 | €2.9m | €4.3m | €4.0m | €5.4m | €6.0m | ▲ 12.3% |
| Amounts receivable after more than one year29 | - | - | €47,500 | €87,500 | €60,000 | ▼ 31.4% |
| Other amounts receivable291 | - | - | €47,500 | €87,500 | €60,000 | ▼ 31.4% |
| Stocks and contracts in progress3 | €705,483 | €1.8m | €2.2m | €2.2m | €2.1m | ▼ 1.8% |
| Stocks30/36 | - | €1.8m | €2.2m | €2.2m | €2.1m | ▼ 1.8% |
| Amounts receivable within one year40/41 | €2.0m | €2.4m | €1.8m | €3.0m | €3.8m | ▲ 25.2% |
| Trade receivables40 | - | €2.2m | €1.7m | €3.0m | €3.7m | ▲ 26.5% |
| Other amounts receivable41 | - | €174,674 | €111,070 | €48,138 | €20,515 | ▼ 57.4% |
| Cash at bank and in hand54/58 | €141,636 | €61,350 | €46,852 | €145,593 | €116,682 | ▼ 19.9% |
| Deferred charges and accrued income490/1 | - | €15,800 | €813 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €4.5m | €4.4m | €5.6m | €6.3m | ▲ 11.9% |
| Equity10/15 | €880,264 | €817,540 | €876,431 | €1.1m | €1.2m | ▲ 10.7% |
| Contributions10/11 | - | €638,500 | €638,500 | €638,500 | €638,500 | = |
| Reserves13 | €241,764 | €179,040 | €237,931 | €465,853 | €583,550 | ▲ 25.3% |
| Distributable reserves133 | - | €179,040 | €237,931 | €465,853 | €583,550 | ▲ 25.3% |
| Profit (loss) carried forward14 | -€13,074 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2.2m | €3.7m | €3.5m | €4.5m | €5.1m | ▲ 12.3% |
| Amounts payable after more than one year17 | €150,000 | €150,000 | €150,000 | €150,000 | €125,000 | ▼ 16.7% |
| Financial debts170/4 | - | €150,000 | €150,000 | €150,000 | €125,000 | ▼ 16.7% |
| Amounts payable within one year42/48 | €2.0m | €3.5m | €3.4m | €4.4m | €5.0m | ▲ 13.3% |
| Financial debts43 | - | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 5.7% |
| Credit institutions430/8 | - | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 5.7% |
| Trade debts44 | €780,050 | €1.5m | €1.4m | €2.0m | €2.3m | ▲ 14.4% |
| Suppliers440/4 | - | €1.5m | €1.4m | €2.0m | €2.3m | ▲ 14.4% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €287,732 | €199,267 | €213,408 | €236,519 | ▲ 10.8% |
| Taxes450/3 | - | €40,538 | €16,110 | €20,882 | €30,776 | ▲ 47.4% |
| Remuneration and social security454/9 | - | €247,193 | €183,157 | €192,527 | €205,743 | ▲ 6.9% |
| Other amounts payable47/48 | - | €238,130 | €360,874 | €534,631 | €709,545 | ▲ 32.7% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200,389 | -€62,724 | €63,411 | €233,922 | €123,697 | ▼ 47.1% |
| + Depreciation and write-downs630 | €45,157 | €79,169 | €337,688 | €196,899 | €169,368 | ▼ 14.0% |
| Operating cash flow (approximation) | €245,545 | €16,445 | €401,099 | €430,821 | €293,066 | ▼ 32.0% |
| Investment in fixed assets (approximation) | - | -€123,422 | -€516,908 | -€76,652 | -€183,512 | ▼ 139% |
| Change in cash | - | -€80,286 | -€14,498 | €98,740 | -€28,911 | ▼ 129% |
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
15-07
State Gazette act
Resignation: SRL TOTAL URBAN CONCEPT (non-statutory director)Permanent representatives: Bart Laroy and Giovanni Lammens · Declaration5 facts ▸
State Gazette act
Resignation: SRL TOTAL URBAN CONCEPT (non-statutory director)
Permanent representatives: Bart Laroy and Giovanni Lammens · Declaration5 facts ▸
- General meeting, 01-01-2026
- Director resignation, SRL TOTAL URBAN CONCEPT (non-statutory director)
- Permanent representative, Bart Laroy (représentant permanent chargé de l'exécution de son mandat d'administration au nom et pour le compte de la personne morale)
- Declaration, représentant permanent, prise de connaissance et approbation de la révocation du représentant permanent
- Permanent representative, Giovanni Lammens (permanent representative)
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €233,922 ▲269%
Operating result €407,598, net result €233,922, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲26%
2 profitable years in a row build equity to €1.1m.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €63,411
Net result €63,411 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€62,724
Net result drops to -€62,724, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €200,389
Net result €200,389 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €500,000Eq €880,264 ▲3,915%
Equity rises from €21,926 to €880,264.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2016
Ground area
2.4 ha
Building footprint
7,404 m²
Volume, LiDAR
70,160 m³
2 parcels, Wallonia · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
URBASTYLE
since 20162.253.159.550
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57031A0016/00P002 | Wallonia | 1.6 ha | 1 · 4,659 m² | 15.1 m · 3 fl. |
| 57008D0179/00A002 | Wallonia | 8,424 m² | 1 · 2,745 m² | 11.7 m · 4 fl. |
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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SRL TOTAL URBAN CONCEPT |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Total Urban Concept
- URBASTYLE
Highest known parent: Total Urban Concept. The sources do not say who stands above it.
Owners 1
- Total Urban Conceptparent100%
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 401 companies in sector 23610 we hold annual accounts for 315. 231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0654930142
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.