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URBI

Active
Public limited companyfounded 199827 yrs activeWaregemsesteenweg(KRU) 91, 9770 Kruisem, BelgiumKBO/BCE: BE 0464.684.339
Summary

URBI has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €375,881 and a net result of -€38,856. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-25
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days only on tighter terms
short-term debt: 0.3% and cash: 13.2% of total assets, and 0.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
99.5%
Return on assets
-10.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€38,856
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-11-2025, 113 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
113 d late
2023
131 d late
2022
106 d late
2021
159 d late
2020
58 d late
2019
88 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 109 days after 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 (1)
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

URBI was incorporated on 27 November 1998.1 Total assets went from EUR 369,963 in 2018 to EUR 377,829 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€375,881▼ 9.4%
2023 · €414,737
Total assets
€377,829▼ 30.1%
2023 · €540,781
Net result
-€38,856▼ 1,959%
2023 · -€1,888
Working capital
€283,263▼ 12.1%
2023 · €322,097
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€18,440▼ 346%-€4,890▲ 73.5%-€1,670▲ 65.9%-€1,840▼ 10.2%-€561▲ 69.5%
Net result-€18,495▼ 349%-€4,890▲ 73.6%-€1,713▲ 65.0%-€1,888▼ 10.2%-€38,856▼ 1,959%
Equity-€2,930-€7,820▼ 167%€416,624€414,737▼ 0.5%€375,881▼ 9.4%
Total assets€261,207▼ 2.5%€258,005▼ 1.2%€554,291▲ 115%€540,781▼ 2.4%€377,829▼ 30.1%
Debt€264,137▲ 4.6%€265,825▲ 0.6%€137,667▼ 48.2%€126,044▼ 8.4%€1,948▼ 98.5%
Working capital-€262,759▼ 5.7%-€264,508▼ 0.7%€323,966€322,097▼ 0.6%€283,263▼ 12.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2020: -€18,440-€18,440Net result 2020: -€18,495-€18,495Operating result 2021: -€4,890-€4,890Net result 2021: -€4,890-€4,890Operating result 2022: -€1,670-€1,670Net result 2022: -€1,713-€1,713Operating result 2023: -€1,840-€1,840Net result 2023: -€1,888-€1,888Operating result 2024: -€561-€561Net result 2024: -€38,856-€38,85620202021202220232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2022: -€1,670-€1,670Net result 2022: -€1,713-€1,710Operating result 2023: -€1,840-€1,840Net result 2023: -€1,888-€1,890Operating result 2024: -€561-€561Net result 2024: -€38,856-€38,900202220232024
The operating result stays negative: a loss of €561 in 2024 against €1,840 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €377,829
Fixed assets €93,538 =
Current assets €284,290 ▼ 36.4%
Equity and liabilities €377,829
Equity €375,881 ▼ 9.4%
Debt €1,948 ▼ 98.5%
Debt's share of the balance-sheet total falls from 23.3% to 0.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.01▼
2023 · 0.30
ROE
-10.3%▼
2023 · -0.5%
ROA
-10.3%▼
2023 · -0.3%
Debt ≤ 1 year
€1,027▼
2023 · €125,146
Income taxes
€35,489
A ratio outside any meaningful range has been withheld (balance sheet total €377,829, equity €375,881).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.7% went bankrupt
13% stopped otherwise
84% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 5,834 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 · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€540,781€377,829▼
Fixed assets21/28€93,538€93,538=
Tangible fixed assets22/27€93,538€93,538=
Land and buildings22€93,538€93,538=
Current assets29/58€447,242€284,290▼
Amounts receivable within one year40/41€32,095€32,292▲
Other amounts receivable41€32,095€32,292▲
Current investments50/53-€200,000
Cash at bank and in hand54/58€415,148€49,986▼
Deferred charges and accrued income490/1-€2,012
Equity and liabilities
Total equity and liabilities10/49€540,781€377,829▼
Equity10/15€414,737€375,881▼
Contributions10/11€61,973€61,973=
Capital10€61,973€61,973=
Issued capital100€61,973€61,973=
Reserves13€16,497€16,497=
Non-distributable reserves130/1€6,197€6,197=
Legal reserve130€6,197€6,197=
Distributable reserves133€10,299€10,299=
Profit (loss) carried forward14€336,267€297,411▼
Amounts payable17/49€126,044€1,948▼
Amounts payable within one year42/48€125,146€1,027▼
Trade debts44€129€1,027▲
Suppliers440/4€129€1,027▲
Taxes, remuneration and social security45€125,017-
Taxes450/3€125,017-
Accrued charges and deferred income492/3€898€921▲
Income statement Code20232024
Other operating charges640/8€553€566▲
Gross operating margin9900-€1,288€5▲
Operating profit (loss)9901-€1,840-€561▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€47€2,807▲
Recurring financial charges65€47€2,807▲
Profit (loss) for the period before taxes9903-€1,888-€3,368▼
Income taxes67/77-€35,489
Profit (loss) for the period9904-€1,888-€38,856▼
Profit (loss) for the period to be appropriated9905-€1,888-€38,856▼
Appropriation of the result
Profit (loss) to be appropriated9906€336,267€297,411▼
Profit (loss) brought forward from the previous period14P€338,155€336,267▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,320€3,202----
Other operating charges640/8-€500€503€553€566▲ 2.4%
Gross operating margin9900-€13,621-€1,188-€1,167-€1,288€5▲ 100%
Operating profit (loss)9901-€18,440-€4,890-€1,670-€1,840-€561▲ 69.5%
Financial income75/76B----€0-
Recurring financial income75----€0-
Financial charges65/66B--€43€47€2,807▲ 5,850%
Recurring financial charges65€55-€43€47€2,807▲ 5,850%
Profit (loss) for the period before taxes9903-€18,495-€4,890-€1,713-€1,888-€3,368▼ 78.4%
Income taxes67/77----€35,489-
Profit (loss) for the period9904-€18,495-€4,890-€1,713-€1,888-€38,856▼ 1,959%
Profit (loss) for the period to be appropriated9905-€18,495-€4,890-€1,713-€1,888-€38,856▼ 1,959%
Line20202021202220232024Change
Assets
Total assets20/58€261,207€258,005€554,291€540,781€377,829▼ 30.1%
Fixed assets21/28€260,935€257,733€93,538€93,538€93,538=
Tangible fixed assets22/27€260,935€257,733€93,538€93,538€93,538=
Land and buildings22-€255,476€93,538€93,538€93,538=
Plant, machinery and equipment23-€2,257----
Current assets29/58€272€272€460,753€447,242€284,290▼ 36.4%
Amounts receivable within one year40/41--€908€32,095€32,292▲ 0.6%
Trade receivables40--€908---
Other amounts receivable41---€32,095€32,292▲ 0.6%
Current investments50/53----€200,000-
Cash at bank and in hand54/58€272€272€459,845€415,148€49,986▼ 88.0%
Deferred charges and accrued income490/1----€2,012-
Equity and liabilities
Total equity and liabilities10/49€261,207€258,005€554,291€540,781€377,829▼ 30.1%
Equity10/15-€2,930-€7,820€416,624€414,737€375,881▼ 9.4%
Contributions10/11€61,973€61,973€61,973€61,973€61,973=
Capital10-€61,973€61,973€61,973€61,973=
Issued capital100-€61,973€61,973€61,973€61,973=
Reserves13€11,032€11,032€16,497€16,497€16,497=
Non-distributable reserves130/1-€733€6,197€6,197€6,197=
Legal reserve130-€733€6,197€6,197€6,197=
Distributable reserves133-€10,299€10,299€10,299€10,299=
Profit (loss) carried forward14-€75,936-€80,826€338,155€336,267€297,411▼ 11.6%
Amounts payable17/49€264,137€265,825€137,667€126,044€1,948▼ 98.5%
Amounts payable within one year42/48€263,031€264,780€136,787€125,146€1,027▼ 99.2%
Trade debts44€10,162€11,266€129€129€1,027▲ 697%
Suppliers440/4-€11,266€129€129€1,027▲ 697%
Taxes, remuneration and social security45--€125,017€125,017--
Taxes450/3--€125,017€125,017--
Other amounts payable47/48-€253,515€11,642---
Accrued charges and deferred income492/3-€1,045€880€898€921▲ 2.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€18,495-€4,890-€1,713-€1,888-€38,856▼ 1,959%
+ Depreciation and write-downs630€4,320€3,202----
Operating cash flow (approximation)-€14,175-€1,688-€1,713-€1,888-€38,856▼ 1,959%
Investment in fixed assets (approximation)-€0€164,194€0€0-
Change in cash-€0€459,573-€44,698-€365,161▼ 717%

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

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Timeline · acts, filings and financial milestones

2025
21-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
2024
31-12
Financial Liquidity times 77current ratio 276.80
Current ratio from 3.57 to 276.80; short-term debt falls from €125,146 to €1,027.
09-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
2023
14-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
06-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 159 days late
2022
31-12
Financial Liquidity times 3278current ratio 3.37
Current ratio from 0.00 to 3.37; short-term debt falls from €264,780 to €136,787.
31-12
Financial Equity above €200,000Eq €416,624
Equity rises from -€7,820 to €416,624.
2021
27-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
27-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
27-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
06-11
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 98 days late
2016
26-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Kruisem · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
1,596 m²
Building footprint
145 m²
Volume, LiDAR
892 m³
Parcel 45017B0734/00G002, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waregemsesteenweg(KRU) 91, 9770 Kruisem
Insurance, reinsurance and pension funding, except compulsory social security
since 19992.090.942.391
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45017B0734/00G002 Flanders 1,596 m² 1 · 145 m² 10.5 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.

Recognitions · licences · registrations

Legal Entity Identifier

894500TKVE2F4D207F54
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded27-11-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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

Register as of 30 September 2026 · Peppol Directory

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