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URSA BENELUX

Active
Private limited companyfounded 1989active for 37 yearsPitantiestraat 127, 8792 Waregem, BelgiumKBO/BCE: BE 0437.667.661

From the official registers: KBO 37 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

URSA BENELUX has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71.7m and a net result of €7.3m. Equity has been growing by about 9.6% per year since 2018. Its solvency ranks better than 82% of 364 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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URSA BENELUXActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 06-06-1989 Normal situation
Legal form
Private limited company
Registered office
Pitantiestraat 127, 8792 Waregem
Activity
Manufacture of other non-metallic mineral products NACE 23140
Establishment unit
2.043.812.863 8792 Waregem, since 06-11-1997
Financial year end
31 December
Peppol
Reachable since 19-11-2025
Company details

Board and ownership

Board
  • Slos KoenDirector · since 11-02-2016
  • A@A CONSULT LTDDirector · since 01-06-2022 · permanent representative André Van Duerm
Auditor
BV PwC Bedrijfsrevisoren
Shareholders
Board & ownership

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Turnover
€97.1m
▲ 5.6%
Profit
€7.3m
▼ 27.5%
Equity
€71.7m
▼ 0.9%
Total assets
€94.9m
▲ 5.1%
Staff
179.5 FTE
▲ 0.3%
2025 accounts filed 55 days after the deadline
Filed on 24-09-2026PDF
Financials
Score breakdownraises riskLiquidity: current ratio 1.42, cash €1,850, halvedLast filed accounts filed 55 days late; 1 of the last 3 accounts latelowers riskFounded in 1989Size: turnover €97.1m, 179.5 FTE, total assets €94.9mShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 71% of medium-sized companies in non-metallic mineral products (NACE 23)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 100=
equity 75.5% of total assets
Liquidity 41-3
short-term debt 24.1% · cash 0.0%
Profitability 79-8
return on assets 7.7%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (52 companies, NACE 23, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €6,500,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.42 (1.51 in 2024), below the usual 1.5. Short-term debt is 24.1% and cash 0% of total assets. 24.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 23, medium-sized). It does better than 95% of them on solvency, 50% on liquidity, 87% on profitability and 52% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.42, cash €1,850, halved
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 55 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Size: turnover €97.1m, 179.5 FTE, total assets €94.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
55 days late
2024
57 days early
2023
55 days early
2022
53 days early
2021
44 days early
2020
58 days early
2019
21 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by total assets in West Flanders, Non-metallic mineral products sectorin the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €7.3m 8 years View
  • Flemish supportawarded from 2022 to 2025 €6.8m View
  • Caution: Result fell in 2025from €10.1m to €7.3m ▼ 27.5% View

Documents

Annual accounts at the NBB

All 37 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about URSA BENELUX

What is the company number of URSA BENELUX?
The company number of URSA BENELUX is 0437.667.661. The VAT number is the same number with BE in front: BE 0437.667.661.
Where is URSA BENELUX based?
The registered office is at Pitantiestraat 127, 8792 Waregem.Company details
What does URSA BENELUX do?
According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23140).
What is the legal form of URSA BENELUX?
The legal form of URSA BENELUX is Private limited company (BV).
When was URSA BENELUX founded?
URSA BENELUX was founded on 06-06-1989.
Is URSA BENELUX still active?
Yes, URSA BENELUX is an active enterprise in the KBO register.
How many employees does URSA BENELUX have?
URSA BENELUX had an average of 179.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of URSA BENELUX?
The turnover of URSA BENELUX was €97.1m in financial year 2025, according to the filed annual accounts.
Is URSA BENELUX profitable?
In financial year 2025, URSA BENELUX made a profit of €7.3m.
Where can I find the annual accounts of URSA BENELUX?
URSA BENELUX filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of URSA BENELUX due?
URSA BENELUX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to URSA BENELUX

Comparable companies

These companies have the same main activity as URSA BENELUX: manufacture of other non-metallic mineral products (NACE 23140). They are comparable in size and age: total assets between €116m and €245m, founded in 1999.

CompanyTotal assetsTurnover
URSA BENELUX Waregem€94.9m€97.1m
3B-FIBREGLASS Herve€115.9m€182.0m
KNAUF INSULATION Visé€244.6m€186.2m
Full comparison

Next steps

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