Financials
- Financial year
- 2025
- Total assets
- €29.2m
- Profit
- €763,251
- Solvency
- 22.6%
Total assets▲ 59.8%
Net result
20182025
URSA
ActiveSummary
URSA has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.6m and a net result of €763,251. Equity is growing by about 4.7% per year across the filed financial years. Its solvency ranks better than 42% of 11,191 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Development of residential building projects
NACE 68121Full-service restaurants NACE 56111
2 sites
Size
≈ €2.9mturnover 2025, estimated
- Staff
- 1.6 FTE
- Equity
- €6.6m
- Profit
- €763,251
Turnover estimated from the gross marginTotal assets +60%: merger
Structure
- Holdings
- 3
2025 accounts filed 6 days late4 of 8 deeds summarised
Why 81raises riskLiquidity: current ratio 1.43, cash €531,813Figures for financial year 2025 (filed 13-11-2025)lowers riskSize: 1.6 FTE, total assets €29.2mSector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Weak
Solvency
48-9
equity 22.6% of total assets
Liquidity
32-15
short-term debt 42.7% · cash 1.8%
Profitability
44-30
return on assets 2.6%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%lowest value
12-2024: 0.1%● unchanged vs 11-2024lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.5%▲ +0.2 percentage points vs 10-2025highest value
12-2025: 0.2%▼ -0.3 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%▲ +0.2 percentage points vs 09-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.43, compared with 0.9 in 2024, below the usual 1.5; short-term debt: 42.7% and cash: 1.8% of total assets), and 77.4% of the assets are financed with debt and provisions.
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 68, micro): better than 42% on solvency, 24% on liquidity, 38% on profitability and 70% on growth.
The bankruptcy probability was computed on 28-10-2026 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 6 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-11-2025, 6 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
6 days late
2024
31 days early
2023
9 days late
2021
on the day
2020
on the day
2019
1 day early
2018
3 days late
← 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 2 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 6 November (3 of the last 3 filed years within 37 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end28-10-2026 today31-10-2026 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Capital & shares · RestructuringReal estate · Merger ·…
- RestructuringMerger · Shareholding · Incorporation
Key points
By topic
Network & group
- Subsidiaries
- 1
- Direct holdings
- 3
- Mergers and asset contributions
- 2
3 holdings
Timeline
- Events
- 28
- Since
- 2005
- Next accounts
- by 31-10-2026
- 11-10-2024Restructuring
- 30-09-2024Annual accounts filed
- 31-03-2024Highest result from 2018 to 2025
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 27-05-2003
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 14
- Who signs
- The sole director
- Annual meeting
- Last Saturday of September at 11:00
- Purpose
- “Het uitgeven van of participeren in beveks, bevaks, sicav, of andere…” (deed in Dutch)
Key facts about URSA
- What is the company number of URSA?
- 0480.327.964. In Belgium the VAT number is the company number with BE in front: BE 0480.327.964.
- Where is URSA based?
- The registered office is at Sint-Michielsstraat 32, 8800 Roeselare.Company details
- What does URSA do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of URSA?
- Public limited company (NV).
- When was URSA founded?
- On 27-05-2003.
- Is URSA still active?
- Yes, URSA is an active enterprise in the KBO register.
- How many employees does URSA have?
- On average 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of URSA?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is URSA profitable?
- In financial year 2025, URSA made a profit of €763,251.
- Where can I find the annual accounts of URSA?
- URSA filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of URSA due?
- By 31-10-2026, for financial year 2026.Timeline
Companies related to URSA
Subsidiaries and holdings
Comparable companies
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- BAYRIMESint-Pieters-Woluwe
- P.B.BRUSSELUkkel
- VUYLSTEKE - EIFFAGETielt
- JELISAAalst
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