URTEX
ActiveSummary
URTEX has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€195,611. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-33
Solvency38▼-27
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.51 in 2024; short-term debt: 12% and cash: 3.4% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
13.1%
Return on assets
-1.6%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
34 d early
2023
on the day
2022
14 d early
2021
18 d early
2020
22 d early
2019
9 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 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Wortegem-Petegem, Real estate sector#5 company by total assets in Wortegem-Petegem, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€195,611
2024 · €546,509
Working capital
-€731,477▲ 26.4%
2024 · -€993,349
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€574,856▲ 25.8%€630,393▲ 9.7%€677,319▲ 7.4%€763,159▲ 12.7%€90,452▼ 88.1%
Net result€399,100▲ 25.8%€439,913▲ 10.2%€486,663▲ 10.6%€546,509▲ 12.3%-€195,611
Equity€2.3m▲ 21.0%€2.7m▲ 19.1%€3.2m▲ 17.7%€1.8m▼ 45.0%€1.6m▼ 11.0%
Total assets€2.9m▲ 14.1%€3.4m▲ 14.9%€3.9m▲ 14.3%€4.5m▲ 15.6%€12.1m▲ 171%
Debt€644,446▼ 5.3%€642,756▼ 0.3%€638,686▼ 0.6%€2.7m▲ 322%€10.5m▲ 290%
Working capital€963,407▲ 138%€1.6m▲ 62.2%€2.2m▲ 40.6%-€993,349-€731,477▲ 26.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.1m
Fixed assets
€11.4m ▲ 231%
Current assets
€713,843 ▼ 30.8%
Equity and liabilities €12.1m
Equity
€1.6m ▼ 11.0%
Debt
€10.5m ▲ 290%
Debt's share of the balance-sheet total rises from 60.3% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.2m▲
2024 · €825,775
Cash flow
€894,270▲
2024 · €609,125
Current ratio
0.49▼
2024 · 0.51
Debt to equity
6.65▲
2024 · 1.52
ROE
-12.4%▼
2024 · 30.8%
ROA
-1.6%▼
2024 · 12.2%
Interest coverage
4.15▼
2024 · 16.00
Debt ≤ 1 year
€1.4m▼
2024 · €2.0m
Debt > 1 year
€9.1m▲
2024 · €600,000
Income taxes
€0▼
2024 · €182,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €778,350 | €818,019 | €876,096 | €888,287 | €1.4m | ▲ 57.4% |
| Other operating income74 | €778,350 | €818,019 | €876,096 | €888,287 | €1.4m | ▲ 57.4% |
| Operating charges60/66A | €203,494 | €187,626 | €198,777 | €125,128 | €1.3m | ▲ 945% |
| Services and other goods61 | €11,749 | €8,200 | €16,230 | €25,523 | €147,909 | ▲ 480% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €160,041 | €146,972 | €146,972 | €62,616 | €1.1m | ▲ 1,641% |
| Other operating charges640/8 | €31,704 | €32,454 | €35,575 | €36,989 | €70,184 | ▲ 89.7% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Operating profit (loss)9901 | €574,856 | €630,393 | €677,319 | €763,159 | €90,452 | ▼ 88.1% |
| Financial income75/76B | - | - | - | €17,370 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €17,370 | €0 | ▼ 100% |
| Income from current assets751 | - | - | - | €17,370 | €0 | ▼ 100% |
| Financial charges65/66B | €14,603 | €15,724 | €316 | €51,850 | €286,063 | ▲ 452% |
| Recurring financial charges65 | €14,603 | €15,724 | €316 | €51,850 | €286,063 | ▲ 452% |
| Debt charges650 | €14,314 | €15,408 | €0 | €51,600 | €284,382 | ▲ 451% |
| Other financial charges652/9 | €290 | €316 | €316 | €250 | €1,681 | ▲ 573% |
| Profit (loss) for the period before taxes9903 | €560,253 | €614,669 | €677,003 | €728,679 | -€195,611 | ▼ 127% |
| Income taxes67/77 | €161,153 | €174,756 | €190,340 | €182,170 | €0 | ▼ 100% |
| Taxes670/3 | €161,153 | €174,756 | €190,340 | €182,170 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €399,100 | €439,913 | €486,663 | €546,509 | -€195,611 | ▼ 136% |
| Transfer from tax-exempt reserves789 | €5 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €399,105 | €439,913 | €486,663 | €546,509 | -€195,611 | ▼ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.4m | €3.9m | €4.5m | €12.1m | ▲ 171% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.7m | €3.4m | €11.4m | ▲ 231% |
| Tangible fixed assets22/27 | €1.9m | €1.8m | €1.6m | €1.6m | €10.4m | ▲ 555% |
| Land and buildings22 | €1.9m | €1.8m | €1.6m | €1.6m | €10.4m | ▲ 555% |
| Financial fixed assets28 | €4,636 | €4,636 | €4,636 | €1.9m | €1.0m | ▼ 45.8% |
| Affiliated companies280/1 | - | - | - | €1.9m | €1.0m | ▼ 45.9% |
| Amounts receivable281 | - | - | - | €1.9m | €1.0m | ▼ 45.9% |
| Other financial fixed assets284/8 | €4,636 | €4,636 | €4,636 | €4,636 | €4,636 | = |
| Shares284 | €4,636 | €4,636 | €4,636 | €4,636 | €4,636 | = |
| Current assets29/58 | €1.0m | €1.6m | €2.2m | €1.0m | €713,843 | ▼ 30.8% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1,174 | €0 | - | - | €222,150 | - |
| Trade receivables40 | €1,174 | €0 | - | - | €47,150 | - |
| Other amounts receivable41 | - | - | - | - | €175,000 | - |
| Cash at bank and in hand54/58 | €969,100 | €1.6m | €2.2m | €1.0m | €409,814 | ▼ 60.2% |
| Deferred charges and accrued income490/1 | €31,579 | €31,628 | €1,011 | €1,796 | €81,879 | ▲ 4,460% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.4m | €3.9m | €4.5m | €12.1m | ▲ 171% |
| Equity10/15 | €2.3m | €2.7m | €3.2m | €1.8m | €1.6m | ▼ 11.0% |
| Contributions10/11 | €100,090 | €100,090 | €100,090 | €100,090 | €100,090 | = |
| Capital10 | €100,090 | €100,090 | €100,090 | €100,090 | €100,090 | = |
| Issued capital100 | €100,090 | €100,090 | €100,090 | €100,090 | €100,090 | = |
| Revaluation surpluses12 | €457,856 | €457,856 | €457,856 | €457,856 | €457,856 | = |
| Reserves13 | €1.7m | €2.2m | €2.7m | €1.2m | €1.0m | ▼ 16.5% |
| Non-distributable reserves130/1 | €10,009 | €10,009 | €10,009 | €10,009 | €10,009 | = |
| Legal reserve130 | €10,009 | €10,009 | €10,009 | €10,009 | €10,009 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €1.7m | €2.2m | €2.7m | €1.2m | €1.0m | ▼ 16.6% |
| Profit (loss) carried forward14 | €29,730 | €4,642 | €1,306 | €2,815 | €7,204 | ▲ 156% |
| Amounts payable17/49 | €644,446 | €642,756 | €638,686 | €2.7m | €10.5m | ▲ 290% |
| Amounts payable after more than one year17 | €600,000 | €600,000 | €600,000 | €600,000 | €9.1m | ▲ 1,411% |
| Financial debts170/4 | - | - | - | - | €9.1m | - |
| Credit institutions173 | - | - | - | - | €9.1m | - |
| Other amounts payable178/9 | €600,000 | €600,000 | €600,000 | €600,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €38,446 | €24,756 | €20,686 | €2.0m | €1.4m | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €541,201 | - |
| Trade debts44 | €2,293 | €0 | €5,346 | €17,174 | €133,624 | ▲ 678% |
| Suppliers440/4 | €2,293 | €0 | €5,346 | €17,174 | €133,624 | ▲ 678% |
| Taxes, remuneration and social security45 | €36,153 | €24,756 | €15,340 | €7,170 | €20,495 | ▲ 186% |
| Taxes450/3 | €36,153 | €24,756 | €15,340 | €7,170 | €20,495 | ▲ 186% |
| Other amounts payable47/48 | - | - | - | €2.0m | €750,000 | ▼ 62.5% |
| Accrued charges and deferred income492/3 | €6,000 | €18,000 | €18,000 | €69,600 | €2,460 | ▼ 96.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €399,100 | €439,913 | €486,663 | €546,509 | -€195,611 | ▼ 136% |
| + Depreciation and write-downs630 | €160,041 | €146,972 | €146,972 | €62,616 | €1.1m | ▲ 1,641% |
| Operating cash flow (approximation) | €559,142 | €586,885 | €633,635 | €609,125 | €894,270 | ▲ 46.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1.9m | -€9.0m | ▼ 388% |
| Change in cash | - | €586,320 | €660,182 | -€1.2m | -€619,385 | ▲ 47.8% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€195,611
Net result drops to -€195,611, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €546,509 ▲12.3%
Operating result €763,159, net result €546,509, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 64.11
Current ratio from 26.06 to 64.11; short-term debt falls from €38,446 to €24,756.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 26.06
Current ratio from 6.43 to 26.06; short-term debt falls from €74,392 to €38,446.
31-12
Financial
Equity above €2mEq €2.3m ▲21%
4 profitable years in a row build equity to €2.3m.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Wortegem-Petegem · 1 establishment unit since 1972
Ground area
1,087 m²
Building footprint
184 m²
Volume, LiDAR
1,090 m³
Parcel 45008B0455/00K000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kouter (E.) 3, 9790 Wortegem-Petegem
since 19722.007.571.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45008B0455/00K000 | Flanders | 1,087 m² | 1 · 184 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,993. 3,836 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-10-1972
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.