USC
ActiveSummary
USC has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€486,847) and a net result of €36,949. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+28
Solvency0=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.97 against 2.68 in 2024; short-term debt: 20.2% and cash: 1.1% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-86.5%
Return on assets
6.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
1 d early
2023
2 d late
2022
1 d late
2021
4 d late
2020
9 d early
2019
41 d late
← 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 6 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 2 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36,949▲ 18,192%
2024 · €202
Working capital
€223,199▼ 0.3%
2024 · €223,848
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,535€10,938€13,995▲ 27.9%€11,318▼ 19.1%€46,733▲ 313%
Net result-€15,064▼ 32.7%-€5,249▲ 65.2%€5,632€202▼ 96.4%€36,949▲ 18,192%
Equity-€524,381▼ 3.0%-€529,630▼ 1.0%-€523,998▲ 1.1%-€523,796=-€486,847▲ 7.1%
Total assets€724,919▼ 6.3%€706,590▼ 2.5%€656,853▼ 7.0%€594,954▼ 9.4%€562,690▼ 5.4%
Debt€1.2m▼ 2.6%€1.2m▼ 1.0%€1.2m▼ 4.5%€1.1m▼ 5.3%€1.0m▼ 6.2%
Working capital€409,093▼ 7.5%€328,189▼ 19.8%€276,216▼ 15.8%€223,848▼ 19.0%€223,199▼ 0.3%
Solvency-72.3%▼ 6.5pp-75.0%▼ 2.6pp-79.8%▼ 4.8pp-88.0%▼ 8.3pp-86.5%▲ 1.5pp
Current ratio10.62▼ 1.943.76▼ 6.873.12▼ 0.642.68▼ 0.442.97▲ 0.28
Return on assets (ROA)-2.1%▼ 0.6pp-0.7%▲ 1.3pp0.9%▲ 1.6pp0.0%▼ 0.8pp6.6%▲ 6.5pp
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 313% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €562,690
Fixed assets
€225,984 ▼ 5.1%
Current assets
€336,706 ▼ 5.6%
Key figures and ratios
EBITDA
€58,989▲
2024 · €23,574
Cash flow
€49,205▲
2024 · €12,458
Quick ratio
2.86▲
2024 · 2.60
Debt to equity
-2.16▼
2024 · -2.14
Interest coverage
3.61▲
2024 · 1.25
Debt ≤ 1 year
€113,507▼
2024 · €132,866
Debt > 1 year
€936,030▼
2024 · €981,999
Income taxes
€29
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 317 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,629 | €13,866 | €11,984 | €12,256 | €12,256 | = |
| Other operating charges640/8 | - | €57 | €64 | €64 | €65 | ▲ 1.6% |
| Gross operating margin9900 | €12,274 | €24,861 | €26,043 | €23,638 | €59,054 | ▲ 150% |
| Operating profit (loss)9901 | -€7,535 | €10,938 | €13,995 | €11,318 | €46,733 | ▲ 313% |
| Financial income75/76B | - | €7,579 | €12,754 | €7,715 | €6,597 | ▼ 14.5% |
| Recurring financial income75 | €16,853 | €7,579 | €12,754 | €7,715 | €6,597 | ▼ 14.5% |
| Financial charges65/66B | - | €23,436 | €20,991 | €18,831 | €16,352 | ▼ 13.2% |
| Recurring financial charges65 | €23,584 | €23,436 | €20,991 | €18,831 | €16,352 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | -€14,266 | -€4,919 | €5,758 | €202 | €36,978 | ▲ 18,206% |
| Income taxes67/77 | €798 | €330 | €126 | - | €29 | - |
| Profit (loss) for the period9904 | -€15,064 | -€5,249 | €5,632 | €202 | €36,949 | ▲ 18,192% |
| Profit (loss) for the period to be appropriated9905 | -€15,064 | -€5,249 | €5,632 | €202 | €36,949 | ▲ 18,192% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724,919 | €706,590 | €656,853 | €594,954 | €562,690 | ▼ 5.4% |
| Fixed assets21/28 | €273,320 | €259,454 | €250,496 | €238,240 | €225,984 | ▼ 5.1% |
| Tangible fixed assets22/27 | €273,320 | €259,454 | €250,496 | €238,240 | €225,984 | ▼ 5.1% |
| Land and buildings22 | - | €258,899 | €247,328 | €235,762 | €224,197 | ▼ 4.9% |
| Plant, machinery and equipment23 | - | €555 | €1,300 | €989 | €676 | ▼ 31.6% |
| Furniture and vehicles24 | - | €0 | €1,868 | €1,489 | €1,111 | ▼ 25.4% |
| Current assets29/58 | €451,599 | €447,136 | €406,357 | €356,714 | €336,706 | ▼ 5.6% |
| Amounts receivable after more than one year29 | - | €351,950 | €328,661 | €308,482 | €300,079 | ▼ 2.7% |
| Other amounts receivable291 | - | €351,950 | €328,661 | €308,482 | €300,079 | ▼ 2.7% |
| Stocks and contracts in progress3 | €11,907 | €11,907 | €11,907 | €11,906 | €11,906 | = |
| Stocks30/36 | - | €11,907 | €11,907 | €11,906 | €11,906 | = |
| Amounts receivable within one year40/41 | €26,479 | €29,964 | €33,231 | €33,575 | €17,428 | ▼ 48.1% |
| Trade receivables40 | - | €28,741 | €33,061 | €33,575 | €17,428 | ▼ 48.1% |
| Other amounts receivable41 | - | €1,223 | €170 | - | - | - |
| Cash at bank and in hand54/58 | €30,337 | €52,437 | €32,215 | €2,430 | €6,391 | ▲ 163% |
| Deferred charges and accrued income490/1 | - | €878 | €343 | €321 | €902 | ▲ 181% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724,919 | €706,590 | €656,853 | €594,954 | €562,690 | ▼ 5.4% |
| Equity10/15 | -€524,381 | -€529,630 | -€523,998 | -€523,796 | -€486,847 | ▲ 7.1% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€544,381 | -€549,630 | -€543,998 | -€543,796 | -€506,847 | ▲ 6.8% |
| Amounts payable17/49 | €1.2m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 6.2% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €1.1m | €981,999 | €936,030 | ▼ 4.7% |
| Financial debts170/4 | - | €1.1m | €1.1m | €981,999 | €936,030 | ▼ 4.7% |
| Amounts payable within one year42/48 | €42,506 | €118,947 | €130,141 | €132,866 | €113,507 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | €39,521 | €41,563 | €43,711 | €45,970 | ▲ 5.2% |
| Trade debts44 | €2,228 | €972 | €249 | €2,339 | €227 | ▼ 90.3% |
| Suppliers440/4 | - | €972 | €249 | €2,339 | €227 | ▼ 90.3% |
| Taxes, remuneration and social security45 | - | - | €1,469 | €2,527 | €2,924 | ▲ 15.7% |
| Taxes450/3 | - | - | €1,469 | €2,527 | €2,924 | ▲ 15.7% |
| Other amounts payable47/48 | - | €78,454 | €86,860 | €84,289 | €64,386 | ▼ 23.6% |
| Accrued charges and deferred income492/3 | - | - | - | €3,885 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,064 | -€5,249 | €5,632 | €202 | €36,949 | ▲ 18,192% |
| + Depreciation and write-downs630 | €19,629 | €13,866 | €11,984 | €12,256 | €12,256 | = |
| Operating cash flow (approximation) | €4,565 | €8,617 | €17,616 | €12,458 | €49,205 | ▲ 295% |
| Investment in fixed assets (approximation) | - | €0 | -€3,026 | €0 | €0 | - |
| Change in cash | - | €22,100 | -€20,222 | -€29,785 | €3,961 | ▲ 113% |
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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema · 3 days late
2025
30-06
Financial
Highest result since 2019net €36,949 ▲18,192%
Operating result €46,733, net result €36,949, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 2 days late
2023
30-06
Financial
Back to profitnet €5,632
Net result €5,632 after 3 loss-making years.
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 1 day late
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 4 days late
2021
30-06
Financial
Weakest financial yearnet -€15,064
Net result drops to -€15,064, the lowest in the series; recovery starts the following year.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
16-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
27-01
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kelmis · 1 establishment unit since 2007
Ground area
5,885 m²
Building footprint
346 m²
Volume, LiDAR
1,934 m³
Parcel 63034D0250/00A000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
USC
since 20072.159.663.131
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63034D0250/00A000 | Wallonia | 5,885 m² | 1 · 346 m² | 8.0 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-08-2006
Fiscal year end30-06
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
47252Retail sale of beverages, general range
47714Retail trade
64190Financial service activities, except insurance and pension funding
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883282691
Also
9925:BE0883282691
Registered
23-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.