URQUS
ActiveSummary
URQUS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.7m and a net result of €11.5m. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+32
Solvency100▲+9
Growth63▲+24
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 10.31 against 1.79 in 2024; short-term debt: 7.7% and cash: 1.4% of total assets), and 14% of the assets are financed with debt.
Credit check for your own amount and term
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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 2025Solvency, return and age of the figures
Solvency
86%
Return on assets
72.2%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-07-2025, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
120 d early
2023
124 d early
2022
159 d early
2021
32 d early
2020
87 d early
2019
52 d early
← 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 95 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Veurne, Administrative and support services sector#1 company by equity in Veurne, Administrative and support services sector
Turnover
€540,000▲ 44.0%
2024 · €375,000
EBIT margin
62.7%▲ 16.2pp
2024 · 46.4%
Net result
€11.5m▲ 21,274%
2024 · €53,909
Working capital
€11.5m▲ 18,266%
2024 · €62,720
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€790,000▲ 49.1%€530,000▼ 32.9%€255,000▼ 51.9%€375,000▲ 47.1%€540,000▲ 44.0%
Operating result€656,498▲ 51.6%€431,400▼ 34.3%€173,096▼ 59.9%€174,045▲ 0.5%€338,367▲ 94.4%
Net result€773,468above the sector's middle half▼ 11.3%€868,399above the sector's middle half▲ 12.3%€1.0mabove the sector's middle half▲ 20.6%€53,909within the sector's middle half▼ 94.9%€11.5mabove the sector's middle half▲ 21,274%
EBIT margin83.1%▲ 1.4pp81.4%▼ 1.7pp67.9%▼ 13.5pp46.4%▼ 21.5pp62.7%▲ 16.2pp
Equity€2.1mabove the sector's middle half▲ 8.9%€2.4mabove the sector's middle half▲ 12.7%€2.2mabove the sector's middle half▼ 9.6%€2.2mwithin the sector's middle half▲ 2.5%€13.7mabove the sector's middle half▲ 522%
Total assets€3.8mwithin the sector's middle half▲ 16.8%€4.0mwithin the sector's middle half▲ 6.8%€4.6mwithin the sector's middle half▲ 13.2%€3.4mwithin the sector's middle half▼ 26.7%€16.0mabove the sector's middle half▲ 376%
Debt€1.3m▲ 37.3%€1.3m▲ 0.5%€2.0m▲ 60.7%€764,240▼ 62.6%€1.9m▲ 149%
Working capital€184,797within the sector's middle half▼ 81.0%€427,344within the sector's middle half▲ 131%€179,382within the sector's middle half▼ 58.0%€62,720within the sector's middle half▼ 65.0%€11.5mabove the sector's middle half▲ 18,266%
Solvency55.7%within the sector's middle half▼ 4.0pp58.8%within the sector's middle half▲ 3.1pp47.0%within the sector's middle half▼ 11.8pp65.7%within the sector's middle half▲ 18.8pp86.0%above the sector's middle half▲ 20.2pp
Current ratio1.30within the sector's middle half▼ 3.371.68within the sector's middle half▲ 0.381.13within the sector's middle half▼ 0.551.79within the sector's middle half▲ 0.6510.31above the sector's middle half▲ 8.53
Return on assets (ROA)20.4%above the sector's middle half▼ 6.4pp21.5%above the sector's middle half▲ 1.0pp22.9%above the sector's middle half▲ 1.4pp1.6%within the sector's middle half▼ 21.2pp72.2%above the sector's middle half▲ 70.6pp
Staff (FTE)0.2below the sector's middle half0.6below the sector's middle half▲ 200%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 94% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.0m
Fixed assets
€3.2m ▼ 0.1%
Current assets
€12.8m ▲ 8,845%
Equity and liabilities €16.0m
Equity
€13.7m ▲ 522%
Provisions
€333,430 ▼ 13.6%
Debt
€1.9m ▲ 149%
Debt's share of the balance-sheet total falls from 22.8% to 11.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€404,649▲
2024 · €199,771
Cash flow
€11.6m▲
2024 · €79,635
Debt to equity
0.14▼
2024 · 0.35
ROE
83.9%▲
2024 · 2.4%
Interest coverage
7.45▲
2024 · 3.67
Debt ≤ 1 year
€1.2m▲
2024 · €79,878
Debt > 1 year
€653,251▼
2024 · €672,173
Income taxes
€1.2m▲
2024 · €24,270
Staff costs
€84,668▼
2024 · €84,749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 546 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.2%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 546 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €551,697 | €278,990 | €407,304 | €562,163 | ▲ 38.0% |
| Turnover70 | €790,000 | €530,000 | €255,000 | €375,000 | €540,000 | ▲ 44.0% |
| Other operating income74 | - | €21,697 | €23,990 | €32,304 | €22,163 | ▼ 31.4% |
| Operating charges60/66A | - | €120,298 | €105,895 | €233,258 | €223,796 | ▼ 4.1% |
| Services and other goods61 | - | €85,587 | €91,404 | €107,223 | €105,781 | ▼ 1.3% |
| Remuneration, social security and pensions62 | - | - | €15,429 | €84,749 | €84,668 | ▼ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,496 | €21,720 | €9,442 | €25,726 | €66,282 | ▲ 158% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €9,963 | -€13,216 | €9,859 | -€40,094 | ▼ 507% |
| Other operating charges640/8 | - | €3,029 | €2,836 | €5,701 | €7,159 | ▲ 25.6% |
| Operating profit (loss)9901 | €656,498 | €431,400 | €173,096 | €174,045 | €338,367 | ▲ 94.4% |
| Financial income75/76B | - | €606,314 | €1.0m | €0 | €12.5m | - |
| Recurring financial income75 | €340,000 | €606,314 | €1.0m | €0 | €12.5m | - |
| Income from financial fixed assets750 | - | €600,000 | €1.0m | €0 | €12.5m | - |
| Income from current assets751 | - | €6,314 | €0 | - | - | - |
| Other financial income752/9 | - | - | €0 | €0 | €0 | - |
| Financial charges65/66B | - | €75,213 | €112,668 | €95,866 | €97,641 | ▲ 1.9% |
| Recurring financial charges65 | €66,056 | €75,213 | €112,668 | €95,866 | €97,641 | ▲ 1.9% |
| Debt charges650 | €56,369 | €50,443 | €49,839 | €54,419 | €54,295 | ▼ 0.2% |
| Other financial charges652/9 | - | €24,770 | €62,828 | €41,448 | €43,346 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €930,442 | €962,501 | €1.1m | €78,179 | €12.7m | ▲ 16,197% |
| Income taxes67/77 | €156,974 | €94,101 | €13,184 | €24,270 | €1.2m | ▲ 4,919% |
| Taxes670/3 | - | €94,101 | €13,184 | €24,270 | €1.2m | ▲ 4,919% |
| Profit (loss) for the period9904 | €773,468 | €868,399 | €1.0m | €53,909 | €11.5m | ▲ 21,274% |
| Transfer from tax-exempt reserves789 | - | - | - | €178,000 | €178,000 | = |
| Profit (loss) for the period to be appropriated9905 | €773,468 | €868,399 | €1.0m | €231,909 | €11.7m | ▲ 4,945% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €4.0m | €4.6m | €3.4m | €16.0m | ▲ 376% |
| Fixed assets21/28 | €3.0m | €3.0m | €3.1m | €3.2m | €3.2m | ▼ 0.1% |
| Tangible fixed assets22/27 | €234,998 | €213,278 | €280,286 | €435,946 | €432,229 | ▼ 0.9% |
| Land and buildings22 | - | €211,955 | €203,819 | €203,316 | €194,405 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | - | - | €5,652 | - |
| Furniture and vehicles24 | - | €1,323 | €185 | €171,638 | €186,470 | ▲ 8.6% |
| Leasing and similar rights25 | - | - | €76,282 | €60,992 | €45,702 | ▼ 25.1% |
| Financial fixed assets28 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Affiliated companies280/1 | - | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Participating interests280 | - | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Companies linked by participating interests282/3 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Participating interests282 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €802,017 | €1.1m | €1.5m | €142,599 | €12.8m | ▲ 8,845% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €383,233 | €643,016 | €1.0m | €30,793 | €12.5m | ▲ 40,545% |
| Trade receivables40 | - | €24,200 | €0 | - | - | - |
| Other amounts receivable41 | - | €618,816 | €1.0m | €30,793 | €12.5m | ▲ 40,545% |
| Cash at bank and in hand54/58 | €418,784 | €412,970 | €489,283 | €101,854 | €223,848 | ▲ 120% |
| Deferred charges and accrued income490/1 | - | - | €9,825 | €9,951 | €15,996 | ▲ 60.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €4.0m | €4.6m | €3.4m | €16.0m | ▲ 376% |
| Equity10/15 | €2.1m | €2.4m | €2.2m | €2.2m | €13.7m | ▲ 522% |
| Contributions10/11 | - | €695,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1.4m | €1.7m | €2.1m | €2.2m | €13.7m | ▲ 527% |
| Non-distributable reserves130/1 | - | €69,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €69,500 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €356,000 | €356,000 | €178,000 | €0 | ▼ 100% |
| Distributable reserves133 | - | €1.3m | €1.8m | €2.0m | €13.7m | ▲ 582% |
| Provisions and deferred taxes16 | €411,011 | €393,475 | €383,611 | €385,792 | €333,430 | ▼ 13.6% |
| Provisions for liabilities and charges160/5 | - | €393,475 | €383,611 | €385,792 | €333,430 | ▼ 13.6% |
| Environmental obligations163 | - | €350,024 | €353,377 | €345,698 | €333,430 | ▼ 3.5% |
| Other liabilities and charges164/5 | - | €43,451 | €30,235 | €40,094 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.3m | €1.3m | €2.0m | €764,240 | €1.9m | ▲ 149% |
| Amounts payable after more than one year17 | €633,566 | €633,566 | €691,094 | €672,173 | €653,251 | ▼ 2.8% |
| Financial debts170/4 | - | - | €57,529 | €38,607 | €19,686 | ▼ 49.0% |
| Leasing and similar obligations172 | - | - | €57,529 | €38,607 | €19,686 | ▼ 49.0% |
| Other amounts payable178/9 | - | €633,566 | €633,566 | €633,566 | €633,566 | = |
| Amounts payable within one year42/48 | €617,220 | €628,641 | €1.3m | €79,878 | €1.2m | ▲ 1,448% |
| Current portion of amounts payable after more than one year42 | - | - | €18,921 | €18,921 | €18,921 | = |
| Trade debts44 | €599 | €344 | €1,868 | €887 | €1,374 | ▲ 54.9% |
| Suppliers440/4 | - | €344 | €1,868 | €887 | €1,374 | ▲ 54.9% |
| Taxes, remuneration and social security45 | - | €13,949 | €22,085 | €17,533 | €1.2m | ▲ 6,580% |
| Taxes450/3 | - | €13,949 | €14,903 | €14,630 | €1.2m | ▲ 7,875% |
| Remuneration and social security454/9 | - | - | €7,182 | €2,902 | €4,451 | ▲ 53.3% |
| Other amounts payable47/48 | - | €614,349 | €1.3m | €42,537 | €45,277 | ▲ 6.4% |
| Accrued charges and deferred income492/3 | - | €11,222 | €10,359 | €12,188 | €13,359 | ▲ 9.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €773,468 | €868,399 | €1.0m | €53,909 | €11.5m | ▲ 21,274% |
| + Depreciation and write-downs630 | €26,496 | €21,720 | €9,442 | €25,726 | €66,282 | ▲ 158% |
| Operating cash flow (approximation) | €799,964 | €890,119 | €1.1m | €79,635 | €11.6m | ▲ 14,453% |
| Investment in fixed assets (approximation) | - | -€25,000 | -€76,450 | -€181,386 | -€62,565 | ▲ 65.5% |
| Change in cash | - | -€5,815 | €76,313 | -€387,428 | €121,994 | ▲ 131% |
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
04-09
State Gazette act
Incorporation · Founder
Corporate purpose · Bank account
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €11.5m ▲21,274%
Net result €11.5m, the highest in the series.
31-03
Financial
Liquidity times 6current ratio 10.31
Current ratio from 1.79 to 10.31.
31-03
Financial
Equity above €10mEq €13.7m ▲522%
7 profitable years in a row build equity to €13.7m.
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €53,909 ▼94.9%
Net result drops to €53,909, the lowest in the series; recovery starts the following year.
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Equity above €2mEq €2.1m ▲8.9%
3 profitable years in a row build equity to €2.1m.
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
31-03
Financial
Liquidity quadruplescurrent ratio 4.67
Current ratio from 1.10 to 4.67; short-term debt falls from €972,594 to €265,236.
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Directors · office · real estate
Directors
8 acts for this company are 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, Veurne · 1 establishment unit since 2008
Ground area
1.4 ha
Building footprint
418 m²
Volume, LiDAR
2,303 m³
2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LURONA BVBA
since 20082.169.072.824
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025B0110/00M000 | Flanders | 1.2 ha | 1 · 220 m² | 11.9 m · 2 fl. |
| 38024A0142/00P000 | Flanders | 1,765 m² | 1 · 198 m² | 8.8 m · 2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
10%
According to the annual accounts to 31-03-2025 of URQUS 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600EKPQEYA6VUSW41
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 932 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
Founded27-12-2007
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894493121
Also
9925:BE0894493121
Registered
17-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.