USE SOLUTIONS
ActiveSummary
USE SOLUTIONS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9,171 and a net result of €44,817. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency86▲+86
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.97; short-term debt: 39.4% and cash: 43.2% of total assets), and 39.4% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
60.6%
Return on assets
296.2%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
on the day
2022
30 d late
2021
23 d late
2020
30 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€9,171
2023 · -€35,646
Total assets
€15,129▲ 2,141%
2023 · €675
Net result
€44,817
2023 · -€4,760
Working capital
€5,787
2023 · -€35,646
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
Line20202021202220232024
Operating result€3,442▼ 59.8%-€550-€1,087▼ 97.5%-€4,760▼ 338%€45,004
Net result€2,969▼ 64.0%-€628-€1,165▼ 85.4%-€4,760▼ 309%€44,817
Equity-€29,093▲ 9.3%-€29,721▼ 2.2%-€30,886▼ 3.9%-€35,646▼ 15.4%€9,171
Total assets€55▼ 97.9%€15▼ 72.8%€52▲ 246%€675▲ 1,200%€15,129▲ 2,141%
Debt€29,148▼ 15.9%€29,736▲ 2.0%€30,938▲ 4.0%€36,321▲ 17.4%€5,958▼ 83.6%
Working capital-€29,093▲ 9.3%-€29,721▼ 2.2%-€30,886▼ 3.9%-€35,646▼ 15.4%€5,787
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €45,004 after a loss of €4,760 in 2023, the highest result in the available series.
Balance-sheet composition
Assets €15,129
Fixed assets
€3,384
Current assets
€11,745
Equity and liabilities €15,129
Equity
€9,171
Debt
€5,958
Debt finances 39.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€45,343
Cash flow
€45,156
Current ratio
1.97
Debt to equity
0.65
ROE
488.7%
ROA
296.2%
Interest coverage
1674.41
Debt ≤ 1 year
€5,958▼
2023 · €36,321
Income taxes
€160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3,788 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €339 | - |
| Other operating charges640/8 | - | €348 | €473 | €972 | €764 | ▼ 21.4% |
| Gross operating margin9900 | €3,851 | -€203 | -€614 | -€3,788 | €46,107 | ▲ 1,317% |
| Operating profit (loss)9901 | €3,442 | -€550 | -€1,087 | -€4,760 | €45,004 | ▲ 1,046% |
| Financial charges65/66B | - | €78 | €78 | - | €27 | - |
| Recurring financial charges65 | €472 | €78 | €78 | - | €27 | - |
| Profit (loss) for the period before taxes9903 | €2,969 | -€628 | -€1,165 | -€4,760 | €44,977 | ▲ 1,045% |
| Income taxes67/77 | - | - | - | - | €160 | - |
| Profit (loss) for the period9904 | €2,969 | -€628 | -€1,165 | -€4,760 | €44,817 | ▲ 1,042% |
| Profit (loss) for the period to be appropriated9905 | €2,969 | -€628 | -€1,165 | -€4,760 | €44,817 | ▲ 1,042% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55 | €15 | €52 | €675 | €15,129 | ▲ 2,141% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | - | - | - | €0 | €3,384 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | €3,384 | - |
| Furniture and vehicles24 | - | - | - | €0 | €3,384 | - |
| Current assets29/58 | €55 | €15 | €52 | €675 | €11,745 | ▲ 1,640% |
| Amounts receivable within one year40/41 | - | - | - | €673 | €5,066 | ▲ 653% |
| Trade receivables40 | - | - | - | - | €3,806 | - |
| Other amounts receivable41 | - | - | - | €673 | €1,260 | ▲ 87.4% |
| Cash at bank and in hand54/58 | €55 | €15 | €52 | €2 | €6,542 | ▲ 262,625% |
| Deferred charges and accrued income490/1 | - | - | - | - | €137 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55 | €15 | €52 | €675 | €15,129 | ▲ 2,141% |
| Equity10/15 | -€29,093 | -€29,721 | -€30,886 | -€35,646 | €9,171 | ▲ 126% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€47,693 | -€48,321 | -€49,486 | -€54,246 | -€9,429 | ▲ 82.6% |
| Amounts payable17/49 | €29,148 | €29,736 | €30,938 | €36,321 | €5,958 | ▼ 83.6% |
| Amounts payable within one year42/48 | €29,148 | €29,736 | €30,938 | €36,321 | €5,958 | ▼ 83.6% |
| Trade debts44 | €1,446 | €898 | €79 | €361 | €3,099 | ▲ 758% |
| Suppliers440/4 | - | €898 | €79 | €361 | €3,099 | ▲ 758% |
| Taxes, remuneration and social security45 | - | - | - | - | €183 | - |
| Taxes450/3 | - | - | - | - | €183 | - |
| Other amounts payable47/48 | - | €28,838 | €30,859 | €35,959 | €2,676 | ▼ 92.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,969 | -€628 | -€1,165 | -€4,760 | €44,817 | ▲ 1,042% |
| + Depreciation and write-downs630 | - | - | - | - | €339 | - |
| Operating cash flow (approximation) | €2,969 | -€628 | -€1,165 | -€4,760 | €45,156 | ▲ 1,049% |
| Investment in fixed assets (approximation) | - | - | - | - | -€3,724 | - |
| Change in cash | - | -€40 | €37 | -€49 | €6,539 | ▲ 13,330% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €44,817
Net result €44,817 after 3 loss-making years.
31-12
Financial
Liquidity times 106current ratio 1.97
Current ratio from 0.02 to 1.97; short-term debt falls from €36,321 to €5,958.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€4,760
Net result drops to -€4,760, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Genk · 1 establishment unit since 2014
Ground area
344 m²
Building footprint
103 m²
Volume, LiDAR
722 m³
Parcel 71016I0176/00E002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
USE SOLUTIONS
since 20142.229.089.296
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I0176/00E002 | Flanders | 344 m² | 1 · 103 m² | 9.9 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.
Similar companies · same sector, comparable size
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NRGie
BE 0840.043.655
Antwerpen · Eq €9,181
AV CONCEPT LIEGE
BE 0759.578.096
Liège · Eq €9,184
Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 5,273 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33200Installation of industrial machinery and equipment
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43212Electrical installation work in industrial facilities
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0547589645
Also
9925:BE0547589645
Registered
28-06-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.