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Generated 11-07-2026
Active BE 0765.983.561Private limited company

Ursa Construct

Witvenstraat 128 ·2940 Stabroek, Belgium· 5 yrs active
Sector: Specialised construction (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of Ursa Construct is 2.4% (moderate). The 2025 annual accounts show equity of €8k and a net result of €14k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 322 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €8k
Net result €14k
Better than sector 47%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health94Profitability100Solvency78Growth78Stability94
89 / 100

Exceptional profile, strong across almost every axis.

Health 94
Profitability 100
Solvency 78
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.4% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 30-10-2025 with the NBB · fiscal year 2025 · verkort
€-20k€-10k€0€10k€20kOperating result 2022: €3k€3kNet result 2022: €2k€2kOperating result 2023: €2k€2kNet result 2023: €1k€1kOperating result 2024: €-10k€-10kNet result 2024: €-12k€-12kOperating result 2025: €16k€16kNet result 2025: €14k€14k2022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~18.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
€-10k€-5k€0€5k€10k2026: €9k (€8k - €10k)2027: €10k (€9k - €11k)2028: €11k (€11k - €12k)2022: €5k2023: €6k2024: €-6k2025: €8k2022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 36.6% 38.7%
better than 47% of 322 sector peers
Net result €14k €40k
better than 34% of 322 sector peers
Equity €8k €180k
better than 11% of 322 sector peers
Gross operating margin €22k €211k
better than 16% of 322 sector peers
Total assets €22k €608k
better than 5% of 322 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€21k
- -79% vs sector
Net profit
€14k
- -70% vs sector
Cash flow
€19k
- -72% vs sector
Total assets
€22k
+22.9% -97% vs sector
Equity
€8k
- -97% vs sector
Working capital
€5k
- -97% vs sector
Employees (FTE)
1
+42.9% -57% vs sector
Staff costs
€541
-94.5% -100% vs sector
Income taxes
€2k
- -89% vs sector
Debt
€14k
-42.4% -97% vs sector
Debt ≤ 1y
€6k
-54.3% -98% vs sector
Debt > 1y
€8k
-29.4% -92% vs sector
Current ratio
1.95
+1020.7% +17% vs sector
Quick ratio
1.95
+1020.7% +51% vs sector
Solvency
36.6%
- -9% vs sector
Debt / equity
1.73
- +16% vs sector
ROE
178.3%
-7.3% far above sector median
ROA
65.3%
- far above sector median
Interest coverage
22.93
- far above sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€21k
Net profit€14k
Cash flow€19k
Staff costs-
Income taxes€2k
Dividends-
Total assets€22k
Equity€8k
Debt€14k
of which ≤ 1y€6k
of which > 1y€8k
Working capital€5k
Employees (FTE)-
Ratios (computed)
2025
Current ratio1.95
Quick ratio1.95
Working capital ratio24.9%
Solvency36.6%
Debt / equity1.73
Long-term debt ratio1.01
Interest coverage22.93
Gross margin-
Net margin-
ROA65.3%
ROE178.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€22k
Fixed assets 21/28€11k
Tangible fixed assets 22/27€11k
Current assets 29/58€11k
Amounts receivable within one year 40/41€9k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€22k
Equity 10/15€8k
Contributions / capital 10/11€3k
Reserves 13€5k
Amounts payable 17/49€14k
Amounts payable after one year 17€8k
Amounts payable within one year 42/48€6k
Income statement
Gross operating margin 9900€22k
Operating result 9901€16k
Financial income 75€444
Financial charges 65€931
Result before taxes 9903€16k
Income taxes 67/77€2k
Net result for the period 9904€14k
Result to be appropriated 9905€14k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43990)
Legal form Private limited company(610)
Incorporation01-04-2021
StatusActive
Postal code2940
Establishment units 1 location
Ursa Construct
Witvenstraat 128, 2940 StabroekSnoeien van fruitbomen en wijnstokken
since 20212.317.050.678
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11020I0420/00V000 Flanders 123 m² 1 · 84 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-10-2025
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2024
29-10-2024
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
31-10-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
2022
12-12-2022
State Gazette act Director changes
30-11-2022
NBB filing Annual accounts filed
fiscal year 2022 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
12-12-2022 Mandate of EMILIA URSA as director expired Director changes
  • EMILIA URSA, Bestuurder
Technical details 
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      "kind": "director_out",
      "role": "bestuurder",
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      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": "2022-10-31",
      "evidence_quote": "De vergadering beslist tot: Ontslag van EMILIA URSA als niet-statutaire bestuurder met ingang op 31/10/2022. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
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      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "board_snapshot",
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    },
    {
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      "evidence_quote": "De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "EMILIA URSA",
        "address": null,
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-10-31",
      "evidence_quote": "Het bestuursorgaan beslist tot: Ontslag van EMILIA URSA als persoon belast met dagelijks bestuur, en dit met ingang op 31/10/2022.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "correction",
      "role": null,
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      "reason": null,
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      "decharge_status": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-12-12",
    "filing_date": "2022-11-30",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-10-31",
      "unanimous": null
    },
    {
      "body": "bestuur",
      "date": "2022-10-15",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0765.983.561",
    "name_full": "URSA CONSTRUCT",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "EMILIAN URSA",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
Legal nameNL Ursa Construct
Registered office
Witvenstraat 128
2940 Stabroek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative