URDAC
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Net result per financial year
181920222324
2018 to 2024 · latest year -€25,520
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 152 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 10-12-2024, 141 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
141 d early
2023
119 d early
2022
47 d early
2021
30 d early
2020
24 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 65 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 (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€25,520▲ 95.2%
2023 · -€534,115
Working capital
€81,134▼ 49.8%
2023 · €161,505
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
Line20192020202220232024
Operating result-€21,131▲ 5.3%-€21,219▼ 0.4%-€34,934--€33,991▲ 2.7%-€41,056▼ 20.8%
Net result€387,281▲ 5.9%€409,972▲ 5.9%€347,909--€534,115-€25,520▲ 95.2%
Equity€4.0m▲ 10.6%€4.5m▲ 10.1%€5.1m-€4.6m▼ 10.4%€4.6m▼ 0.6%
Total assets€13.7m▲ 1.0%€13.7m▲ 0.3%€13.7m-€12.9m▼ 5.5%€12.8m▼ 0.5%
Debt€9.7m▼ 2.5%€9.3m▼ 3.8%€8.5m-€8.3m▼ 2.6%€8.3m▼ 0.4%
Working capital€225,163€75,113-€161,505▲ 115%€81,134▼ 49.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41,056 in 2024 against €33,991 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.8m
Fixed assets
€12.7m ▲ 0.4%
Current assets
€186,152 ▼ 36.8%
Equity and liabilities €12.8m
Equity
€4.6m ▼ 0.6%
Debt
€8.3m ▼ 0.4%
Debt's share of the balance-sheet total stays at 64.5%.
Key figures and ratios
Current ratio
1.77▼
2023 · 2.21
Debt to equity
1.82▲
2023 · 1.82
ROE
-0.6%▲
2023 · -11.7%
ROA
-0.2%▲
2023 · -4.1%
Debt ≤ 1 year
€105,018▼
2023 · €133,188
Debt > 1 year
€8.0m=
2023 · €8.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €21,131 | €21,219 | €34,934 | €33,991 | €41,056 | ▲ 20.8% |
| Services and other goods61 | €20,263 | €20,351 | €28,434 | €28,455 | €34,973 | ▲ 22.9% |
| Other operating charges640/8 | €868 | €868 | €6,500 | €5,536 | €6,083 | ▲ 9.9% |
| Operating profit (loss)9901 | -€21,131 | -€21,219 | -€34,934 | -€33,991 | -€41,056 | ▼ 20.8% |
| Financial income75/76B | - | - | - | €510,066 | €521,767 | ▲ 2.3% |
| Recurring financial income75 | €538,757 | €559,495 | €511,181 | €510,066 | €521,767 | ▲ 2.3% |
| Income from financial fixed assets750 | €538,757 | €559,036 | €506,608 | €510,009 | €521,767 | ▲ 2.3% |
| Income from current assets751 | - | - | - | €57 | - | - |
| Other financial income752/9 | - | €459 | €4,573 | - | - | - |
| Financial charges65/66B | €130,345 | €128,304 | €128,338 | €1.0m | €506,230 | ▼ 49.9% |
| Recurring financial charges65 | €130,345 | €128,304 | €128,338 | €246,796 | €420,154 | ▲ 70.2% |
| Debt charges650 | €114,049 | €110,879 | €109,715 | €227,924 | €419,098 | ▲ 83.9% |
| Other financial charges652/9 | €16,296 | €17,425 | €18,623 | €18,872 | €1,057 | ▼ 94.4% |
| Non-recurring financial charges66B | - | - | - | €763,394 | €86,076 | ▼ 88.7% |
| Profit (loss) for the period before taxes9903 | €387,281 | €409,972 | €347,909 | -€534,115 | -€25,520 | ▲ 95.2% |
| Profit (loss) for the period9904 | €387,281 | €409,972 | €347,909 | -€534,115 | -€25,520 | ▲ 95.2% |
| Profit (loss) for the period to be appropriated9905 | €387,281 | €409,972 | €347,909 | -€534,115 | -€25,520 | ▲ 95.2% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.7m | €13.7m | €13.7m | €12.9m | €12.8m | ▼ 0.5% |
| Fixed assets21/28 | €13.4m | €13.4m | €13.4m | €12.6m | €12.7m | ▲ 0.4% |
| Financial fixed assets28 | €13.4m | €13.4m | €13.4m | €12.6m | €12.7m | ▲ 0.4% |
| Affiliated companies280/1 | €10.7m | €10.7m | €10.7m | €10.0m | €9.9m | ▼ 0.9% |
| Participating interests280 | €10.7m | €10.7m | €10.7m | €10.0m | €9.9m | ▼ 0.9% |
| Other financial fixed assets284/8 | €2.6m | €2.6m | €2.6m | €2.6m | €2.8m | ▲ 5.0% |
| Shares284 | €2.6m | €2.6m | €2.6m | €2.6m | €2.8m | ▲ 5.0% |
| Current assets29/58 | €334,293 | €376,913 | €286,254 | €294,692 | €186,152 | ▼ 36.8% |
| Amounts receivable within one year40/41 | €209,278 | €346,649 | €140,126 | €164,519 | €164,519 | = |
| Other amounts receivable41 | €209,278 | €346,649 | €140,126 | €164,519 | €164,519 | = |
| Cash at bank and in hand54/58 | €125,015 | €30,264 | €146,128 | €130,173 | €21,633 | ▼ 83.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.7m | €13.7m | €13.7m | €12.9m | €12.8m | ▼ 0.5% |
| Equity10/15 | €4.0m | €4.5m | €5.1m | €4.6m | €4.6m | ▼ 0.6% |
| Contributions10/11 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Capital10 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Issued capital100 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Reserves13 | €70,000 | €91,000 | €125,000 | €125,000 | €125,000 | = |
| Non-distributable reserves130/1 | - | €91,000 | €125,000 | €125,000 | €125,000 | = |
| Legal reserve130 | €70,000 | €91,000 | €125,000 | €125,000 | €125,000 | = |
| Profit (loss) carried forward14 | €1.3m | €1.7m | €2.3m | €1.8m | €1.7m | ▼ 1.4% |
| Amounts payable17/49 | €9.7m | €9.3m | €8.5m | €8.3m | €8.3m | ▼ 0.4% |
| Amounts payable after more than one year17 | €9.6m | €9.1m | €8.3m | €8.0m | €8.0m | = |
| Financial debts170/4 | €9.6m | €9.1m | €8.3m | €8.0m | €8.0m | = |
| Credit institutions173 | €9.6m | €9.1m | €8.3m | €8.0m | €8.0m | = |
| Amounts payable within one year42/48 | - | €151,750 | €211,141 | €133,188 | €105,018 | ▼ 21.2% |
| Financial debts43 | - | €151,750 | €198,249 | €120,897 | €100,001 | ▼ 17.3% |
| Other loans439 | - | €151,750 | €198,249 | €120,897 | €100,001 | ▼ 17.3% |
| Trade debts44 | - | - | €7,260 | €7,623 | - | - |
| Suppliers440/4 | - | - | €7,260 | €7,623 | - | - |
| Taxes, remuneration and social security45 | - | - | €5,632 | €4,668 | €5,017 | ▲ 7.5% |
| Taxes450/3 | - | - | €5,632 | €4,668 | €5,017 | ▲ 7.5% |
| Accrued charges and deferred income492/3 | €39,113 | €37,011 | €44,185 | €141,298 | €134,045 | ▼ 5.1% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €387,281 | €409,972 | €347,909 | -€534,115 | -€25,520 | ▲ 95.2% |
| Operating cash flow (approximation) | €387,281 | €409,972 | €347,909 | -€534,115 | -€25,520 | ▲ 95.2% |
| Investment in fixed assets (approximation) | - | €0 | - | €763,394 | -€47,598 | ▼ 106% |
| Change in cash | - | -€94,751 | - | -€15,955 | -€108,540 | ▼ 580% |
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
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Weakest financial yearnet -€534,115
Net result drops to -€534,115, the lowest in the series.
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Equity above €5mEq €5.1m ▲14.8%
4 profitable years in a row build equity to €5.1m.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Highest result since 2018net €409,972 ▲5.9%
Net result €409,972, the highest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
0.01%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 1
-
0.1%
According to the annual accounts to 30-09-2024 of URDAC 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.