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URSUS

Active
Public limited companyfounded 199828 yrs activeKapellestraat 1/C, 3201 Aarschot, BelgiumKBO/BCE: BE 0464.014.445
Summary

URSUS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,313 and a net result of -€4,493. Equity is shrinking by ~8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability64▼-1
Solvency62▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.48 in 2024; short-term debt: 62.7% and cash: 0.5% of total assets), and 62.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 28 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
37.3%
Return on assets
-3.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,493
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 d early
2024
14 d early
2023
44 d early
2022
40 d early
2021
19 d early
2020
32 d early
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 August 1998, URSUS was incorporated.1 Total assets went from EUR 162,723 in 2018 to EUR 129,638 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€48,313▼ 8.5%
2024 · €52,806
Total assets
€129,638▼ 2.1%
2024 · €132,381
Net result
-€4,493▼ 18.8%
2024 · -€3,781
Working capital
-€36,395▲ 11.3%
2024 · -€41,013
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€10,290▼ 119%-€6,788▲ 34.0%-€6,297▲ 7.2%-€5,745▲ 8.8%-€6,573▼ 14.4%
Net result-€9,004▼ 89.9%-€5,197▲ 42.3%-€4,850▲ 6.7%-€3,781▲ 22.0%-€4,493▼ 18.8%
Equity€66,635▼ 11.9%€61,438▼ 7.8%€56,587▼ 7.9%€52,806▼ 6.7%€48,313▼ 8.5%
Total assets€144,135▼ 5.3%€139,638▼ 3.1%€136,162▼ 2.5%€132,381▼ 2.8%€129,638▼ 2.1%
Debt€77,500▲ 1.3%€78,200▲ 0.9%€79,575▲ 1.8%€79,575=€81,325▲ 2.2%
Working capital-€54,517▲ 10.0%-€50,603▲ 7.2%-€46,343▲ 8.4%-€41,013▲ 11.5%-€36,395▲ 11.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€10,290-€10,290Net result 2021: -€9,004-€9,004Operating result 2022: -€6,788-€6,788Net result 2022: -€5,197-€5,197Operating result 2023: -€6,297-€6,297Net result 2023: -€4,850-€4,850Operating result 2024: -€5,745-€5,745Net result 2024: -€3,781-€3,781Operating result 2025: -€6,573-€6,573Net result 2025: -€4,493-€4,49320212022202320242025-€8,000-€6,000-€4,000-€2,000€0Operating result 2023: -€6,297-€6,300Net result 2023: -€4,850-€4,850Operating result 2024: -€5,745-€5,740Net result 2024: -€3,781-€3,780Operating result 2025: -€6,573-€6,570Net result 2025: -€4,493-€4,490202320242025
The operating result stays negative: a loss of €6,573 in 2025 against €5,745 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,638
Fixed assets €84,708 ▼ 9.7%
Current assets €44,930 ▲ 16.5%
Equity and liabilities €129,638
Equity €48,313 ▼ 8.5%
Debt €81,325 ▲ 2.2%
Debt's share of the balance-sheet total rises from 60.1% to 62.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,538▼
2024 · €3,366
Cash flow
€4,618▼
2024 · €5,330
Current ratio
0.55▲
2024 · 0.48
Debt to equity
1.68▲
2024 · 1.51
ROE
-9.3%▼
2024 · -7.2%
ROA
-3.5%▼
2024 · -2.9%
Interest coverage
17.36▼
2024 · 23.03
Debt ≤ 1 year
€81,325▲
2024 · €79,575
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€132,381€129,638▼
Fixed assets21/28€93,819€84,708▼
Tangible fixed assets22/27€93,819€84,708▼
Land and buildings22€93,819€84,708▼
Current assets29/58€38,562€44,930▲
Amounts receivable within one year40/41€37,842€44,322▲
Other amounts receivable41€37,842€44,322▲
Cash at bank and in hand54/58€720€608▼
Equity and liabilities
Total equity and liabilities10/49€132,381€129,638▼
Equity10/15€52,806€48,313▼
Contributions10/11€224,584€224,584=
Capital10€224,584€224,584=
Issued capital100€224,584€224,584=
Profit (loss) carried forward14-€171,778-€176,271▼
Amounts payable17/49€79,575€81,325▲
Amounts payable within one year42/48€79,575€81,325▲
Other amounts payable47/48€79,575€81,325▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,111€9,111=
Other operating charges640/8€1,325€1,366▲
Gross operating margin9900€4,691€3,904▼
Operating profit (loss)9901-€5,745-€6,573▼
Financial income75/76B€2,110€2,226▲
Recurring financial income75€2,110€2,226▲
Financial charges65/66B€146€146=
Recurring financial charges65€146€146=
Profit (loss) for the period before taxes9903-€3,781-€4,493▼
Profit (loss) for the period9904-€3,781-€4,493▼
Profit (loss) for the period to be appropriated9905-€3,781-€4,493▼
Appropriation of the result
Profit (loss) to be appropriated9906-€171,778-€176,271▼
Profit (loss) brought forward from the previous period14P-€167,997-€171,778▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,070€9,111€9,111€9,111€9,111=
Other operating charges640/8€1,150€1,169€1,285€1,325€1,366▲ 3.2%
Gross operating margin9900€5,931€3,492€4,099€4,691€3,904▼ 16.8%
Operating profit (loss)9901-€10,290-€6,788-€6,297-€5,745-€6,573▼ 14.4%
Financial income75/76B€1,388€1,734€1,593€2,110€2,226▲ 5.5%
Recurring financial income75€1,388€1,734€1,593€2,110€2,226▲ 5.5%
Financial charges65/66B€102€143€146€146€146=
Recurring financial charges65€102€143€146€146€146=
Profit (loss) for the period before taxes9903-€9,004-€5,197-€4,850-€3,781-€4,493▼ 18.8%
Profit (loss) for the period9904-€9,004-€5,197-€4,850-€3,781-€4,493▼ 18.8%
Profit (loss) for the period to be appropriated9905-€9,004-€5,197-€4,850-€3,781-€4,493▼ 18.8%
Line20212022202320242025Change
Assets
Total assets20/58€144,135€139,638€136,162€132,381€129,638▼ 2.1%
Fixed assets21/28€121,151€112,041€102,930€93,819€84,708▼ 9.7%
Tangible fixed assets22/27€121,151€112,041€102,930€93,819€84,708▼ 9.7%
Land and buildings22€121,151€112,041€102,930€93,819€84,708▼ 9.7%
Current assets29/58€22,983€27,597€33,232€38,562€44,930▲ 16.5%
Amounts receivable within one year40/41€22,802€27,490€32,781€37,842€44,322▲ 17.1%
Other amounts receivable41€22,802€27,490€32,781€37,842€44,322▲ 17.1%
Cash at bank and in hand54/58€182€107€451€720€608▼ 15.5%
Equity and liabilities
Total equity and liabilities10/49€144,135€139,638€136,162€132,381€129,638▼ 2.1%
Equity10/15€66,635€61,438€56,587€52,806€48,313▼ 8.5%
Contributions10/11€224,584€224,584€224,584€224,584€224,584=
Capital10€224,584€224,584€224,584€224,584€224,584=
Issued capital100€224,584€224,584€224,584€224,584€224,584=
Profit (loss) carried forward14-€157,949-€163,146-€167,997-€171,778-€176,271▼ 2.6%
Amounts payable17/49€77,500€78,200€79,575€79,575€81,325▲ 2.2%
Amounts payable within one year42/48€77,500€78,200€79,575€79,575€81,325▲ 2.2%
Other amounts payable47/48€77,500€78,200€79,575€79,575€81,325▲ 2.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€9,004-€5,197-€4,850-€3,781-€4,493▼ 18.8%
+ Depreciation and write-downs630€15,070€9,111€9,111€9,111€9,111=
Operating cash flow (approximation)€6,066€3,914€4,260€5,330€4,618▼ 13.4%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€74€344€269-€112▼ 142%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
16-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
26-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Aarschot · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
2,284 m²
Building footprint
286 m²
Volume, LiDAR
1 m³
2 parcels, Flanders · tallest building 0.7 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Vrouwvenusstraat 8, 3201 Aarschot
Insurance, reinsurance and pension funding, except compulsory social security
since 19982.088.223.027
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24652F0124/00L000 Flanders 1,577 m² 1 · 186 m² -
24652F0453/00F000 Flanders 706 m² 1 · 101 m² 0.7 m
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.

Identification & contact

Identification
Legal formPublic limited company
Founded20-08-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.