URBES CONSTRUCT
ActiveSummary
URBES CONSTRUCT has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €187,861. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 79% of 1,028 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, full format
In the rankings
#8 oldest company in Wevelgem, Construction sector#9 company by equity in Wevelgem, Construction sector
Turnover
€3.9m▼ 0.3%
2024 · €4.0m
EBIT margin
6.1%▲ 3.3pp
2024 · 2.8%
Net result
€187,861▲ 103%
2024 · €92,485
Working capital
€1.4m▲ 18.6%
2024 · €1.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 119% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€3.9m
2025
Operating result€0.2m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.4m
2025
Equity€1.5m
2025
Debt€0.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin6.1%
2025
Return on assets (ROA)7.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency62.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.70
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)6.5
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€11.1m-€8.9m▼ 19.6%€9.5m▲ 6.0%€8.1m▼ 14.0%€9.2m▲ 12.8%€6.6m▼ 27.6%€4.0m▼ 40.5%€3.9m▼ 0.3%
Operating result€1.2m-€0.7m▼ 40.9%€0.3m▼ 58.7%€0.9m▲ 203%€0.9m▲ 4.0%€0.3m▼ 65.7%€0.1m▼ 64.1%€0.2m▲ 119%
Net result€0.8m-€0.5m▼ 43.5%€0.2mabove the sector's middle half▼ 52.0%€0.7mabove the sector's middle half▲ 187%€0.7mabove the sector's middle half▲ 5.2%€0.3mabove the sector's middle half▼ 61.9%€0.09mwithin the sector's middle half▼ 64.8%€0.2mwithin the sector's middle half▲ 103%
EBIT margin10.4%-7.6%▼ 2.7pp3.0%▼ 4.6pp10.5%▲ 7.5pp9.6%▼ 0.8pp4.6%▼ 5.1pp2.8%▼ 1.8pp6.1%▲ 3.3pp
Equity€4.7m-€5.1m▲ 10.2%€3.4mabove the sector's middle half▼ 34.5%€4.0mabove the sector's middle half▲ 19.5%€4.7mabove the sector's middle half▲ 17.2%€1.9mabove the sector's middle half▼ 59.6%€1.3mwithin the sector's middle half▼ 31.3%€1.5mwithin the sector's middle half▲ 14.4%
Total assets€7.8m-€6.9m▼ 11.9%€7.8mabove the sector's middle half▲ 13.5%€6.0mabove the sector's middle half▼ 23.2%€6.2mabove the sector's middle half▲ 3.2%€2.9mwithin the sector's middle half▼ 53.3%€2.5mwithin the sector's middle half▼ 13.0%€2.4mwithin the sector's middle half▼ 5.0%
Debt€3.0m-€1.6m▼ 46.6%€4.3m▲ 168%€1.8m▼ 56.9%€1.4m▼ 26.8%€0.9m▼ 32.3%€1.2m▲ 26.5%€0.8m▼ 27.0%
Working capital€3.5m-€4.0m▲ 15.0%€2.7mabove the sector's middle half▼ 33.2%€3.6mabove the sector's middle half▲ 31.8%€4.1mabove the sector's middle half▲ 15.0%€1.4mabove the sector's middle half▼ 65.8%€1.2mabove the sector's middle half▼ 13.8%€1.4mwithin the sector's middle half▲ 18.6%
Solvency59.8%-74.8%▲ 15.0pp43.1%within the sector's middle half▼ 31.6pp67.1%above the sector's middle half▲ 24.0pp76.2%above the sector's middle half▲ 9.1pp65.8%above the sector's middle half▼ 10.3pp51.9%within the sector's middle half▼ 13.9pp62.5%above the sector's middle half▲ 10.6pp
Current ratio2.18-3.54▲ 1.361.71within the sector's middle half▼ 1.833.57above the sector's middle half▲ 1.864.12above the sector's middle half▲ 0.552.61above the sector's middle half▼ 1.522.06within the sector's middle half▼ 0.552.70above the sector's middle half▲ 0.64
Return on assets (ROA)10.8%-6.9%▼ 3.9pp2.9%within the sector's middle half▼ 4.0pp11.0%above the sector's middle half▲ 8.0pp11.2%above the sector's middle half▲ 0.2pp9.1%within the sector's middle half▼ 2.1pp3.7%within the sector's middle half▼ 5.4pp7.9%within the sector's middle half▲ 4.2pp
Staff (FTE)35.3-34▼ 3.7%27.9within the sector's middle half▼ 17.9%20.6within the sector's middle half▼ 26.2%17within the sector's middle half▼ 17.5%15.9within the sector's middle half▼ 6.5%13.6within the sector's middle half▼ 14.5%6.5within the sector's middle half▼ 52.2%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2025 Staff (FTE) -52% on 2024. Partial demerger to KOLON, Official Gazette 23-09-2024, in the previous financial year; now counts for a full year for the first time.
- 2024 Net result -65% on 2023. Partial demerger to KOLON, Official Gazette 23-09-2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€118,540 ▼ 30.7%
Current assets
€2.3m ▼ 3.1%
Equity and liabilities €2.4m
Equity
€1.5m ▲ 14.4%
Provisions
€49,856 =
Debt
€843,805 ▼ 27.0%
Debt's share of the balance-sheet total falls from 46.1% to 35.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€303,691▲
2024 · €196,986
Cash flow
€253,117▲
2024 · €180,625
Quick ratio
2.68▲
2024 · 2.04
Debt to equity
0.57▼
2024 · 0.89
ROE
12.6%▲
2024 · 7.1%
Interest coverage
61.29
Debt ≤ 1 year
€838,186▼
2024 · €1.1m
Income taxes
€65,346▲
2024 · €32,057
Staff costs
€386,685▼
2024 · €453,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93.5%
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 0.3% 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 497,445 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% | 0.9% |
| 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 74.5% 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 31,368 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €8.4m | €9.3m | €6.9m | €4.3m | €4.2m | ▼ 2.2% |
| Turnover70 | €11.1m | €8.9m | €9.5m | €8.1m | €9.2m | €6.6m | €4.0m | €3.9m | ▼ 0.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0 | -€0.2m | -€0.007m | €0 | - | - |
| Other operating income74 | - | - | - | €0.2m | €0.3m | €0.2m | €0.4m | €0.3m | ▼ 23.5% |
| Non-recurring operating income76A | - | - | - | €0.1m | €0.01m | €0.02m | €0.008m | €0.01m | ▲ 43.9% |
| Operating charges60/66A | - | - | - | €7.6m | €8.4m | €6.6m | €4.2m | €4.0m | ▼ 5.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.1m | €6.1m | €4.5m | €3.0m | €3.0m | ▼ 1.2% |
| Purchases600/8 | - | - | - | €5.2m | €6.1m | €4.6m | €3.0m | €3.0m | ▼ 1.1% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.1m | €0.05m | -€0.1m | €0.005m | €0.001m | ▼ 74.0% |
| Services and other goods61 | - | - | - | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | ▼ 14.9% |
| Remuneration, social security and pensions62 | - | - | - | €1.5m | €1.3m | €1.1m | €0.5m | €0.4m | ▼ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.09m | €0.07m | ▼ 26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.01m | €0.04m | -€0.005m | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.02m | -€0.003m | -€0.05m | -€0.006m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.005m | €0.03m | €0.05m | €0.03m | ▼ 31.0% |
| Non-recurring operating charges66A | - | - | - | €0.001m | €0.007m | €0 | €0 | - | - |
| Operating profit (loss)9901 | €1.2m | €0.7m | €0.3m | €0.9m | €0.9m | €0.3m | €0.1m | €0.2m | ▲ 119% |
| Financial income75/76B | - | - | - | €0.03m | €0.05m | €0.06m | €0.02m | €0.02m | ▲ 17.1% |
| Recurring financial income75 | €0.05m | €0.02m | €0.04m | €0.03m | €0.05m | €0.06m | €0.02m | €0.02m | ▲ 17.1% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.008m | €60 | €4 | ▼ 92.6% |
| Income from current assets751 | - | - | - | €0.008m | €0.001m | €0.004m | €0 | - | - |
| Other financial income752/9 | - | - | - | €0.03m | €0.05m | €0.05m | €0.02m | €0.02m | ▲ 17.4% |
| Financial charges65/66B | - | - | - | €0.009m | €0.008m | €0.009m | €0.004m | €0.009m | ▲ 101% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | €0.009m | €0.008m | €0.009m | €0.004m | €0.009m | ▲ 101% |
| Debt charges650 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.003m | €0 | €0.005m | - |
| Other financial charges652/9 | - | - | - | €0.007m | €0.006m | €0.005m | €0.004m | €0.004m | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €1.2m | €0.7m | €0.3m | €0.9m | €0.9m | €0.4m | €0.1m | €0.3m | ▲ 103% |
| Income taxes67/77 | €0.3m | €0.2m | €0.08m | €0.2m | €0.2m | €0.09m | €0.03m | €0.07m | ▲ 104% |
| Taxes670/3 | - | - | - | €0.2m | €0.2m | €0.09m | €0.03m | €0.07m | ▲ 104% |
| Profit (loss) for the period9904 | €0.8m | €0.5m | €0.2m | €0.7m | €0.7m | €0.3m | €0.09m | €0.2m | ▲ 103% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | €0.7m | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.3m | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.3m | €0.7m | €0.3m | €0.7m | €0.9m | €0.09m | €0.2m | ▲ 103% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.8m | €6.9m | €7.8m | €6.0m | €6.2m | €2.9m | €2.5m | €2.4m | ▼ 5.0% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.3m | €1.1m | €0.8m | €0.6m | €0.2m | €0.1m | ▼ 30.7% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.3m | €1.1m | €0.8m | €0.6m | €0.2m | €0.1m | ▼ 30.7% |
| Land and buildings22 | - | - | - | - | - | - | €0.005m | €0.01m | ▲ 99.0% |
| Plant, machinery and equipment23 | - | - | - | €1.0m | €0.7m | €0.6m | €0.2m | €0.1m | ▼ 33.7% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.05m | €0.04m | €0.005m | €0.002m | ▼ 68.1% |
| Current assets29/58 | €6.5m | €5.6m | €6.5m | €4.9m | €5.4m | €2.3m | €2.3m | €2.3m | ▼ 3.1% |
| Stocks and contracts in progress3 | €0.9m | €0.3m | €0.2m | €0.3m | €0.1m | €0.2m | €0.02m | €0.02m | ▼ 5.2% |
| Stocks30/36 | - | - | - | €0.3m | €0.1m | €0.2m | €0.02m | €0.02m | ▼ 5.2% |
| Raw materials and consumables30/31 | - | - | - | €0.2m | €0.1m | €0.2m | €0.02m | €0.02m | ▼ 7.3% |
| Work in progress32 | - | - | - | €0.2m | €0.01m | €0.007m | €0.007m | €0.007m | = |
| Amounts receivable within one year40/41 | €1.3m | €1.8m | €3.0m | €3.1m | €2.8m | €1.8m | €2.3m | €2.1m | ▼ 6.3% |
| Trade receivables40 | - | - | - | €2.5m | €2.6m | €1.7m | €2.2m | €2.0m | ▼ 5.6% |
| Other amounts receivable41 | - | - | - | €0.7m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 19.5% |
| Cash at bank and in hand54/58 | €4.2m | €3.4m | €3.2m | €1.4m | €2.5m | €0.2m | €0.02m | €0.09m | ▲ 399% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 4.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.8m | €6.9m | €7.8m | €6.0m | €6.2m | €2.9m | €2.5m | €2.4m | ▼ 5.0% |
| Equity10/15 | €4.7m | €5.1m | €3.4m | €4.0m | €4.7m | €1.9m | €1.3m | €1.5m | ▲ 14.4% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.08m | = |
| Reserves13 | €4.5m | €5.0m | €3.2m | €3.9m | €4.6m | €1.8m | €1.2m | €1.4m | ▲ 15.3% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.008m | €0.008m | = |
| Reserves not available under the articles1311 | - | - | - | €0.09m | €0.09m | €0.09m | €0.06m | €0.06m | = |
| Tax-exempt reserves132 | - | - | - | €0.7m | €0.7m | €0.06m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €3.1m | €3.7m | €1.6m | €1.1m | €1.3m | ▲ 16.7% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | €0.05m | €0.05m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0.07m | €0.05m | €0.05m | = |
| Other liabilities and charges164/5 | - | - | - | €0.1m | €0.1m | €0.07m | €0.05m | €0.05m | = |
| Amounts payable17/49 | €3.0m | €1.6m | €4.3m | €1.8m | €1.4m | €0.9m | €1.2m | €0.8m | ▼ 27.0% |
| Amounts payable within one year42/48 | €3.0m | €1.6m | €3.8m | €1.4m | €1.3m | €0.9m | €1.1m | €0.8m | ▼ 26.2% |
| Trade debts44 | €1.3m | €1.4m | €1.6m | €1.3m | €1.2m | €0.7m | €0.9m | €0.7m | ▼ 18.2% |
| Suppliers440/4 | - | - | - | €1.3m | €1.2m | €0.7m | €0.9m | €0.7m | ▼ 18.2% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.07m | €0.09m | €0.07m | €0.03m | ▼ 60.1% |
| Taxes450/3 | - | - | - | €0.001m | €0.03m | €0.04m | €0.05m | €0.004m | ▼ 92.3% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.04m | €0.05m | €0.02m | €0.02m | ▲ 23.1% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.05m | €0.07m | €0.2m | €0.07m | ▼ 56.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.5m | €0.04m | €0.05m | €0.02m | €0.006m | ▼ 74.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.8m | €0.5m | €0.2m | €0.7m | €0.7m | €0.3m | €0.09m | €0.2m | ▲ 103% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.09m | €0.07m | ▼ 26.0% |
| Operating cash flow (approximation) | €1.1m | €0.7m | €0.5m | €0.9m | €0.9m | €0.5m | €0.2m | €0.3m | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.3m | -€0.004m | €0.05m | -€0.06m | €0.4m | -€0.01m | - |
| Change in cash | - | -€0.9m | -€0.2m | -€1.8m | €1.1m | -€2.3m | -€0.2m | €0.07m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 17-07-2026 | 2026-00319284 |
| 31-12-2024 | full format | 29-08-2025 | 2025-00465263 |
| 31-12-2023 | full format | 29-05-2024 | 2024-00101924 |
| 31-12-2022 | full format | 19-07-2023 | 2023-00250649 |
| 31-12-2021 | full format | 30-08-2022 | 2022-20392818 |
| 31-12-2020 | full format | 26-08-2021 | 2021-55200541 |
| 31-12-2019 | full format | 16-07-2020 | 2020-30300162 |
| 31-12-2018 | full format | 17-06-2019 | 2019-18600152 |
| 31-12-2017 | full format | 19-06-2018 | 2018-19400291 |
| 31-12-2016 | full format | 20-07-2017 | 2017-33800302 |
Similar companies · same sector, comparable size
15SQUARE
BE 0452.907.351
Antwerpen · equity €1,495,271
LVH
BE 0437.627.178
Deinze · equity €1,495,828
ecohuis
BE 0463.175.394
Herentals · equity €1,495,913
PROVILLAS
BE 0428.798.792
Zandhoven · equity €1,484,926
D'HOORE CONSTRUCT ALGEMENE BOUWONDERNEMING
BE 0439.077.032
Zuienkerke · equity €1,498,241
Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,403. 4,972 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,290 awarded · €1,252 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €372 | €411 |
| 2024 | 1 | €391 | €391 |
| 2023 | 1 | €107 | €30 |
| 2022 | 1 | €420 | €420 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.