URGA
ActiveSummary
URGA has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,687 and a net result of -€5,347. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 65% of 1,595 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €170,687
- Loss
- -€5,347
- Herman HofkensDirector
- Patricia Van HuffelDirector
Why 94raises riskLoss of €5,347 (financial year 2025)lowers riskSize: total assets €430,168Founded in 2006Liquidity: current ratio 1.15, cash €75,896, halvedShow the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 63% on solvency, 79% on liquidity, 37% on profitability and 38% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 25 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€5,347
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €742 after €30,767 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 55, Accommodation: 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).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 12,322 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €36,023 | €40,215 | €44,984 | €44,908 | €44,372 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,795 | €20,591 | €19,061 | €14,144 | €12,278 | €16,406 | €16,006 | €20,009 | ▲ 25.0% |
| Other operating charges640/8 | - | - | - | €3,362 | €2,506 | €2,926 | €3,705 | €6,000 | ▲ 61.9% |
| Gross operating margin9900 | €67,550 | €72,383 | €75,768 | €66,360 | €62,986 | €109,611 | €95,387 | €69,639 | ▼ 27.0% |
| Operating profit (loss)9901 | €4,856 | €11,064 | €16,984 | €12,831 | €7,987 | €45,295 | €30,767 | -€742 | - |
| Financial income75/76B | - | - | - | €107 | €9 | €204 | €364 | €918 | ▲ 153% |
| Recurring financial income75 | €147 | €59 | €37 | €107 | €9 | €204 | €364 | €918 | ▲ 153% |
| Financial charges65/66B | - | - | - | €2,402 | €2,713 | €2,351 | €2,690 | €5,523 | ▲ 105% |
| Recurring financial charges65 | €5,258 | €4,511 | €2,948 | €2,402 | €2,713 | €2,351 | €2,690 | €5,523 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | -€255 | €6,613 | €14,073 | €10,536 | €5,283 | €43,148 | €28,441 | -€5,347 | - |
| Income taxes67/77 | €4,516 | €1,845 | -€5,151 | €2,133 | €880 | €11,284 | €7,715 | - | - |
| Profit (loss) for the period9904 | -€4,771 | €4,768 | €19,224 | €8,403 | €4,403 | €31,864 | €20,726 | -€5,347 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,771 | €4,768 | €19,224 | €8,403 | €4,403 | €31,864 | €20,726 | -€5,347 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €171,338 | €180,031 | €209,264 | €231,191 | €203,772 | €237,258 | €262,327 | €430,168 | ▲ 64.0% |
| Fixed assets21/28 | €41,279 | €58,514 | €39,453 | €40,718 | €43,800 | €68,532 | €72,304 | €313,664 | ▲ 334% |
| Tangible fixed assets22/27 | €41,279 | €58,514 | €39,453 | €40,718 | €43,800 | €68,497 | €72,269 | €313,629 | ▲ 334% |
| Land and buildings22 | - | - | - | €14,552 | €12,293 | €31,669 | €27,115 | €270,451 | ▲ 897% |
| Plant, machinery and equipment23 | - | - | - | €26,166 | €29,820 | €28,604 | €38,923 | €38,940 | = |
| Furniture and vehicles24 | - | - | - | - | €1,687 | €8,224 | €6,231 | €4,238 | ▼ 32.0% |
| Financial fixed assets28 | - | - | - | - | - | €35 | €35 | €35 | = |
| Current assets29/58 | €130,060 | €121,517 | €169,811 | €190,474 | €159,972 | €168,726 | €190,023 | €116,504 | ▼ 38.7% |
| Stocks and contracts in progress3 | €1,650 | €989 | €1,402 | €1,799 | €1,751 | €1,488 | €1,225 | €1,835 | ▲ 49.8% |
| Stocks30/36 | - | - | - | €1,799 | €1,751 | €1,488 | €1,225 | €1,835 | ▲ 49.8% |
| Amounts receivable within one year40/41 | €47,102 | €31,547 | €29,888 | €29,689 | €36,202 | €33,852 | €30,268 | €34,485 | ▲ 13.9% |
| Trade receivables40 | - | - | - | €28,116 | €28,987 | €33,852 | €30,268 | €28,735 | ▼ 5.1% |
| Other amounts receivable41 | - | - | - | €1,573 | €7,215 | - | - | €5,750 | - |
| Cash at bank and in hand54/58 | €81,307 | €87,622 | €137,612 | €158,050 | €120,853 | €132,175 | €155,965 | €75,896 | ▼ 51.3% |
| Deferred charges and accrued income490/1 | - | - | - | €935 | €1,165 | €1,211 | €2,565 | €4,288 | ▲ 67.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €171,338 | €180,031 | €209,264 | €231,191 | €203,772 | €237,258 | €262,327 | €430,168 | ▲ 64.0% |
| Equity10/15 | €90,146 | €94,915 | €114,139 | €122,541 | €126,944 | €158,808 | €179,534 | €170,687 | ▼ 4.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €5,360 | €24,584 | €32,084 | €36,487 | €68,287 | €88,787 | €85,287 | ▼ 3.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €30,224 | €34,627 | €68,287 | €88,787 | €85,287 | ▼ 3.9% |
| Profit (loss) carried forward14 | €69,686 | €70,955 | €70,955 | €71,858 | €71,858 | €71,922 | €72,148 | €66,801 | ▼ 7.4% |
| Amounts payable17/49 | €81,192 | €85,116 | €95,125 | €108,650 | €76,828 | €78,450 | €82,793 | €259,481 | ▲ 213% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €157,616 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €157,616 | - |
| Amounts payable within one year42/48 | €81,192 | €82,586 | €94,236 | €104,803 | €75,089 | €76,990 | €78,073 | €101,277 | ▲ 29.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €14,944 | - |
| Trade debts44 | €3,268 | €665 | €870 | - | €1,051 | €3,705 | €753 | €4,951 | ▲ 557% |
| Suppliers440/4 | - | - | - | - | €1,051 | €3,705 | €753 | €4,951 | ▲ 557% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €692 | €6,531 | ▲ 843% |
| Taxes, remuneration and social security45 | - | - | - | €6,565 | €11,932 | €8,522 | €12,200 | €1,433 | ▼ 88.3% |
| Taxes450/3 | - | - | - | €133 | €4,040 | €4,715 | €8,138 | €1,433 | ▼ 82.4% |
| Remuneration and social security454/9 | - | - | - | €6,432 | €7,892 | €3,807 | €4,062 | - | - |
| Other amounts payable47/48 | - | - | - | €98,239 | €62,107 | €64,764 | €64,428 | €73,418 | ▲ 14.0% |
| Accrued charges and deferred income492/3 | - | - | - | €3,847 | €1,739 | €1,459 | €4,720 | €588 | ▼ 87.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,771 | €4,768 | €19,224 | €8,403 | €4,403 | €31,864 | €20,726 | -€5,347 | - |
| + Depreciation and write-downs630 | €22,795 | €20,591 | €19,061 | €14,144 | €12,278 | €16,406 | €16,006 | €20,009 | ▲ 25.0% |
| Operating cash flow (approximation) | €18,024 | €25,360 | €38,285 | €22,547 | €16,681 | €48,270 | €36,732 | €14,662 | ▼ 60.1% |
| Investment in fixed assets (approximation) | - | -€37,826 | €0 | -€15,409 | -€15,361 | -€41,137 | -€19,778 | -€261,369 | ▼ 1,222% |
| Change in cash | - | €6,315 | €49,989 | €20,438 | -€37,197 | €11,322 | €23,790 | -€80,069 | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00358449 |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00132352 |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00321650 |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00159197 |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20087287 |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23800411 |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-36100095 |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42900234 |
| 31-12-2017 | abbreviated format | 05-07-2018 | 2018-30000499 |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-56000233 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Herman Hofkens |
|
| Patricia Van Huffel |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
16-11
Gazette deed
Resignations: Herman Hofkens (manager) and Patricia Van Huffel (manager)Appointments: Herman Hofkens (director) and Patricia Van Huffel (director) · Amendment of the articles7 facts ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “Wetboek van vennootschappen en verenigingen, toepassing dwingende bepalingen WVV” (deed in Dutch)
- Amendment of the articles
- Director resignation, Herman Hofkens (manager)
- Director appointment, Herman Hofkens (director (not named in the articles))
- Director resignation, Patricia Van Huffel (manager)
- Director appointment, Patricia Van Huffel (director (not named in the articles))
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13023B0429/00B000 | Flanders | 5,924 m² | 1 · 249 m² | 6.2 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tuinontwerp; Tuinaanleg; Tuinonderhoud; Plaatsen van tuinhuisjes,hekwerken en tuinmeubelen; Bosontginning; Maken van maatkleding; Maken van…” (deed in Dutch)
47 activities (deed in Dutch)
- Tuinontwerp.
- Tuinaanleg.
- Tuinonderhoud.
- Plaatsen van tuinhuisjes,hekwerken en tuinmeubelen.
- Bosontginning.
- Maken van maatkleding.
- Maken van bedrijfskleding.
- Ontwerpen van kleding.
- Retoucheren en verstelwerk van confectiegoederen.
- Patroontekenen voor andere bedrijven en gradatie.
- Confectiekleding vervaardigen.
- Gordijnen en overgordijnen vervaardigen.
- Strijkdienst.
- Winkelverkoop.
- Binnenhuisarchitectuur.
- Uitvoeren van binnenhuisarchitectuur.
- Kinderboerderij: Exploitatie van botanische tuinen,dierentuinen,kinderboerderijen,natuur en wildreservaten.
- Bed and breakfast voor één vakantiewoning/bungalow:
- Kortstondig verblijf op hoeven.
- Gastenkamers.
- Overige accommodaties voor kortstondig verblijf.
- Vakantiewoning (maximum vier personen): Gites,vakantiewoningen en –appartementen.
- Boomkwekerij:
- Boomkwekerijen,met uitzondering van bosboomkwekerijen.
- Teelt van planten bestemd om te worden overgeplant en van sierplanten: struiken,heesters,sierbomen,bomen en plantgoed voor fruitaanplantingen,enzovoort.
- Snoeien van fruitbomen en wijnstokken.
- Snoeien van bomen en heggen.
- Agrarische doelen:
- Fokken van melkvee.
- Fokken van schapen en geiten.
- Fokken van andere dieren.
- Ondersteunende activiteiten in verband met de teelt van gewassen.
- Ongediertebestrijding (ook konijnen) met betrekking tot de landbouw.
- Handelsbemiddeling in landbouwproducten,levende dieren en textielgrondstoffen en halffabricaten.
- Handelsbemiddeling in landbouwproducten,levende dieren,textielgrondstoffen en aanverwante halffabricaten.
- Handelsbemiddeling in meststoffen,verdelgingsmiddelen en chemische producten voor de landbouw.
- Handelsbemiddeling in machines,tractoren,werktuigen en toebehoren voor de landbouw.
- Verhuur van grond en terreinen,ook indien bebouwd,voor landbouwdoeleinden.
- Verlenen van adviezen op het gebied van het beheer,zoals de agronomen en landbouweconomen ten behoeve van landbouwbedrijven,enzovoort.
- Verhuur en lease van landbouwmachines en –werktuigen.
- Verhuur van landbouwtractoren en motoculteurs.
- Verhuur van machines en werktuigen voor de landbouw,veeteelt,bosbouw,zonder bedieningspersoneel (= verhuur van de producten die worden vervaardigd in groep 29.3).
- Galerij / expo ruimte / beeldentuin:
- Beheer en exploitatie van multifunctionele centra en evenementenhallen,overwegend ten behoeve van de scheppende en uitvoerende kunst.
- Exploitatie van musea,inclusief openluchtmusea: kunstmusea,musea van sieraden,meubelen,kleding,aardewerk,zilverwerk,enzovoort; natuurhistorische musea,musea voor wetenschappen en techniek,enzovoort.
- Ondersteunende activiteiten voor scheppende kunsten.
- Kleinhandel in hedendaagse kunst,nieuwe schilderijen,reproducties,kaders,lijsten,enzovoort.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- URGA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De algemene vergadering kan het mandaat van een al dan niet in de statuten benoemde bestuurder steeds beëindigen wegens wettige reden…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 11 June at 20:00