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us-e

Active
Public limited companyfounded 1984active for 42 yearsBrielmolenstraat 91, 9160 Lokeren, BelgiumKBO/BCE: BE 0426.950.547
Summary

The computed 12-month bankruptcy probability of us-e is 2.9% (moderate). For us-e, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €183,728 and a net result of -€44,432. Equity is shrinking by about 5.5% per year across the filed financial years. Its solvency ranks better than 38% of 8,503 sector peers (NACE 82, financial year 2023). The company has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 25 October 2026.

Equity
€183,728▼ 29.4%
2022 · €260,396
Total assets
€549,772▲ 44.7%
2022 · €379,819
Net result
-€44,432
2022 · €28,269
Working capital
-€162,955
2022 · €270,170
Trend over the years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result turns negative in 2023: a loss of €44,266 after €42,031 in 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€44,266 2023 Net result-€44,432 2023

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Operating result-€9,906--€442,712▼ 4,369%-€15,535▲ 96.5%€5,382€42,031▲ 681%-€44,266
Net result-€1,750--€287,259▼ 16,315%-€10,863below the sector's middle half▲ 96.2%€10,310within the sector's middle half€28,269within the sector's middle half▲ 174%-€44,432below the sector's middle half
Equity€519,940-€232,680▼ 55.2%€221,817above the sector's middle half▼ 4.7%€232,127above the sector's middle half▲ 4.6%€260,396above the sector's middle half▲ 12.2%€183,728above the sector's middle half▼ 29.4%
Total assets€732,822-€394,553▼ 46.2%€371,900within the sector's middle half▼ 5.7%€351,978within the sector's middle half▼ 5.4%€379,819within the sector's middle half▲ 7.9%€549,772above the sector's middle half▲ 44.7%
Debt€35,889-€161,873▲ 351%€150,083▼ 7.3%€119,851▼ 20.1%€119,423▼ 0.4%€366,044▲ 207%
Working capital€88,601-€228,743▲ 158%€223,972above the sector's middle half▼ 2.1%€220,061above the sector's middle half▼ 1.7%€270,170above the sector's middle half▲ 22.8%-€162,955below the sector's middle half
Solvency71.0%-59.0%▼ 12.0pp59.6%within the sector's middle half▲ 0.7pp65.9%within the sector's middle half▲ 6.3pp68.6%within the sector's middle half▲ 2.6pp33.4%within the sector's middle half▼ 35.1pp
Current ratio3.47-7.94▲ 4.477.51above the sector's middle half▼ 0.4314.26above the sector's middle half▲ 6.7526.73above the sector's middle half▲ 12.470.38below the sector's middle half▼ 26.35
Return on assets (ROA)-0.2%--72.8%▼ 72.6pp-2.9%below the sector's middle half▲ 69.9pp2.9%within the sector's middle half▲ 5.8pp7.4%within the sector's middle half▲ 4.5pp-8.1%below the sector's middle half▼ 15.5pp
above within below the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €549,772
Fixed assets €450,971 ▲ 355%
Current assets €98,800 ▼ 64.8%
Equity and liabilities €549,772
Equity €183,728 ▼ 29.4%
Debt €366,044 ▲ 207%
Debt's share of the balance-sheet total rises from 31.4% to 66.6%. Equity is lower and debt is higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
-€25,458▼
2022 · €58,198
Cash flow
-€25,623▼
2022 · €44,436
Debt to equity
1.99▲
2022 · 0.46
ROE
-24.2%▼
2022 · 10.9%
Interest coverage
-79.81▼
2022 · 9.82
Debt ≤ 1 year
€261,756▲
2022 · €10,500
Debt > 1 year
€76,485▼
2022 · €108,923
Income taxes
-€153▼
2022 · €10,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 50 lines
Balance sheet Code20222023
Assets
Total assets20/58€379,819€549,772▲
Fixed assets21/28€99,149€450,971▲
Tangible fixed assets22/27€99,149€450,971▲
Land and buildings22€99,149€80,340▼
Assets under construction and advance payments27-€370,631
Current assets29/58€280,670€98,800▼
Amounts receivable after more than one year29€42,058€0▼
Other amounts receivable291€42,058€0▼
Amounts receivable within one year40/41€162,199€55,177▼
Other amounts receivable41€162,199€55,177▼
Cash at bank and in hand54/58€76,413€43,623▼
Equity and liabilities
Total equity and liabilities10/49€379,819€549,772▲
Equity10/15€260,396€183,728▼
Contributions10/11€18,736€61,500▲
Capital10€18,736€61,500▲
Issued capital100€18,736€61,500▲
Reserves13€137,018€79,018▼
Non-distributable reserves130/1€14,874€14,874=
Legal reserve130€14,874€14,874=
Distributable reserves133€122,144€64,144▼
Profit (loss) carried forward14€104,642€43,210▼
Amounts payable17/49€119,423€366,044▲
Amounts payable after more than one year17€108,923€76,485▼
Financial debts170/4€108,923€76,485▼
Amounts payable within one year42/48€10,500€261,756▲
Current portion of amounts payable after more than one year42-€16,219
Trade debts44-€44,294
Suppliers440/4-€44,294
Taxes, remuneration and social security45€10,500€0▼
Taxes450/3€10,500€0▼
Other amounts payable47/48-€201,243
Accrued charges and deferred income492/3-€27,803
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,167€18,809▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€54,740€0▲
Other operating charges640/8€1,504€1,633▲
Gross operating margin9900€4,961-€23,825▼
Operating profit (loss)9901€42,031-€44,266▼
Financial income75/76B€2,666€0▼
Recurring financial income75€2,666€0▼
Financial charges65/66B€5,928€319▼
Recurring financial charges65€5,928€319▼
Profit (loss) for the period before taxes9903€38,769-€44,585▼
Income taxes67/77€10,500-€153▼
Profit (loss) for the period9904€28,269-€44,432▼
Profit (loss) for the period to be appropriated9905€28,269-€44,432▼
Appropriation of the result
Profit (loss) to be appropriated9906€104,642€60,210▼
Profit (loss) brought forward from the previous period14P€76,373€104,642▲
Transfer from equity791/2-€58,000
Profit to be distributed694/7-€75,000
Return on contributions (dividend)694-€75,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33,982€27,554€19,350-€16,167€18,809▲ 16.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€54,740€0-
Other operating charges640/8---€1,977€1,504€1,633▲ 8.6%
Gross operating margin9900€27,039€7,111€6,153€7,359€4,961-€23,825-
Operating profit (loss)9901-€9,906-€442,712-€15,535€5,382€42,031-€44,266-
Financial income75/76B---€7,154€2,666€0▼ 100%
Recurring financial income75--€8,052€7,154€2,666€0▼ 100%
Financial charges65/66B---€1,625€5,928€319▼ 94.6%
Recurring financial charges65-€2,709€3,380€1,625€5,928€319▼ 94.6%
Profit (loss) for the period before taxes9903-€3,252-€445,422-€10,863€10,911€38,769-€44,585-
Income taxes67/77-€18,831-€601€10,500-€153-
Profit (loss) for the period9904-€1,750-€287,259-€10,863€10,310€28,269-€44,432-
Profit (loss) for the period to be appropriated9905€1,755€74,298-€10,863€10,310€28,269-€44,432-
Line201820192020202120222023Change
Assets
Total assets20/58€732,822€394,553€371,900€351,978€379,819€549,772▲ 44.7%
Formation expenses20€8,205------
Fixed assets21/28€600,127€132,868€113,518€115,316€99,149€450,971▲ 355%
Tangible fixed assets22/27€600,127€132,868€113,518€115,316€99,149€450,971▲ 355%
Land and buildings22---€115,316€99,149€80,340▼ 19.0%
Assets under construction and advance payments27-----€370,631-
Current assets29/58€124,491€261,685€258,382€236,662€280,670€98,800▼ 64.8%
Amounts receivable after more than one year29---€83,061€42,058€0▼ 100%
Other amounts receivable291---€83,061€42,058€0▼ 100%
Amounts receivable within one year40/41€88,073€211,073€135,078€153,467€162,199€55,177▼ 66.0%
Other amounts receivable41---€153,467€162,199€55,177▼ 66.0%
Cash at bank and in hand54/58€24,417€50,612€268€133€76,413€43,623▼ 42.9%
Equity and liabilities
Total equity and liabilities10/49€732,822€394,553€371,900€351,978€379,819€549,772▲ 44.7%
Equity10/15€519,940€232,680€221,817€232,127€260,396€183,728▼ 29.4%
Contributions10/11€18,736€18,736€18,736€18,736€18,736€61,500▲ 228%
Capital10---€18,736€18,736€61,500▲ 228%
Issued capital100---€18,736€18,736€61,500▲ 228%
Reserves13€498,575€137,018€137,018€137,018€137,018€79,018▼ 42.3%
Non-distributable reserves130/1---€14,874€14,874€14,874=
Legal reserve130---€14,874€14,874€14,874=
Distributable reserves133---€122,144€122,144€64,144▼ 47.5%
Profit (loss) carried forward14€2,629€76,926€66,064€76,373€104,642€43,210▼ 58.7%
Provisions and deferred taxes16€176,993------
Amounts payable17/49€35,889€161,873€150,083€119,851€119,423€366,044▲ 207%
Amounts payable after more than one year17-€128,931€115,673€103,250€108,923€76,485▼ 29.8%
Financial debts170/4---€103,250€108,923€76,485▼ 29.8%
Amounts payable within one year42/48€35,889€32,942€34,410€16,600€10,500€261,756▲ 25×
Current portion of amounts payable after more than one year42---€16,219-€16,219-
Trade debts44--€1,152€381-€44,294-
Suppliers440/4---€381-€44,294-
Taxes, remuneration and social security45----€10,500€0▼ 100%
Taxes450/3----€10,500€0▼ 100%
Other amounts payable47/48-----€201,243-
Accrued charges and deferred income492/3-----€27,803-
Line201820192020202120222023Change
Profit (loss) for the period9904-€1,750-€287,259-€10,863€10,310€28,269-€44,432-
+ Depreciation and write-downs630€33,982€27,554€19,350-€16,167€18,809▲ 16.3%
Operating cash flow (approximation)€32,232-€259,705€8,487€10,310€44,436-€25,623-
Investment in fixed assets (approximation)-€439,704€0-€1,798€0-€370,631-
Change in cash-€26,195-€50,344-€135€76,280-€32,790-

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

Download as CSV

Latest 10 of 39 filings with the National Bank
Financial year Type Filed Reference
31-12-2023 micro format 30-08-2024 2024-00437966
31-12-2022 micro format 28-07-2023 2023-00291339
31-12-2021 micro format 15-11-2022 2022-20522875
31-12-2020 micro format 26-08-2021 2021-54200098
31-12-2019 micro format 17-11-2020 2020-71100553
31-12-2018 micro format 06-08-2019 2019-43900551
31-12-2017 micro format 03-08-2018 2018-43100079
31-12-2016 abbreviated format 27-07-2017 2017-38300333
31-12-2015 abbreviated format 31-05-2016 2016-13800339
31-12-2014 abbreviated format 02-06-2015 2015-13600374

Show all 39 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.