USERFULL
ActiveSummary
USERFULL has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €501,244 and a net result of €2,520, of which €3,966 non-recurring income. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 45% of 9,811 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 23.8 FTE
- Equity
- €501,244
- Profit
- €2,520
- Parent
- CONXION · 100%
- Holdings
- 1
- CONXIONDirector · permanent representative Chris Debyser
- RDIDirector · permanent representative TALBOOM Robin
Why 91raises riskSize: 23.8 FTE, total assets €1.3mlowers riskFounded in 1990Liquidity: current ratio 1.69, cash €224,416Legal form: public limited companyShow the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 44% on solvency, 57% on liquidity, 43% on profitability and 36% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 107 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €2,520
- Equity above €500,000equity €501,244 ▲0.5%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €135,784 after a loss of €72,122 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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), Staff (FTE).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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% | 0.9% |
| 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 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.003m | €0.02m | €0 | €0.004m | - |
| Remuneration, social security and pensions62 | - | - | - | - | €1.6m | €1.9m | €2.2m | €1.9m | ▼ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.003m | €0.07m | €0 | -€0.08m | - |
| Other operating charges640/8 | - | - | - | - | €0.04m | €0.02m | €0.03m | €0.1m | ▲ 230% |
| Non-recurring operating charges66A | - | - | - | - | €127 | €0 | - | €0.003m | - |
| Gross operating margin9900 | €2.3m | €1.7m | €1.6m | €1.8m | €2.2m | €2.4m | €2.4m | €2.2m | ▼ 6.9% |
| Operating profit (loss)9901 | -€0.4m | €0.2m | €0.2m | €0.2m | €0.5m | €0.2m | -€0.07m | €0.1m | - |
| Financial income75/76B | - | - | - | - | €0.01m | €0.007m | €0.002m | €0.003m | ▲ 9.7% |
| Recurring financial income75 | €0.001m | €0.003m | €345 | €0.002m | €0.01m | €0.007m | €0.002m | €0.003m | ▲ 9.7% |
| Non-recurring financial income76B | - | - | - | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €0.04m | €0.04m | €0.06m | €0.06m | ▲ 7.6% |
| Recurring financial charges65 | €0.04m | €0.05m | €0.04m | €0.03m | €0.04m | €0.04m | €0.06m | €0.06m | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | -€0.4m | €0.1m | €0.2m | €0.2m | €0.4m | €0.1m | -€0.1m | €0.08m | - |
| Income taxes67/77 | €0.007m | €0.008m | €0.03m | €0.02m | €0.06m | €0.09m | €0.04m | €0.08m | ▲ 87.7% |
| Profit (loss) for the period9904 | -€0.4m | €0.1m | €0.1m | €0.2m | €0.4m | €0.03m | -€0.2m | €0.003m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.4m | €0.1m | €0.1m | €0.2m | €0.4m | €0.03m | -€0.2m | €0.003m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.4m | €1.5m | €1.4m | €1.8m | €1.6m | €1.4m | €1.3m | ▼ 8.0% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.7m | €0.6m | €0.4m | €0.3m | €0.8m | €0.6m | €0.4m | €0.2m | ▼ 39.9% |
| Intangible fixed assets21 | €0.3m | €0.3m | €0.2m | €0.09m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 37.7% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 46.2% |
| Plant, machinery and equipment23 | - | - | - | - | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 15.1% |
| Furniture and vehicles24 | - | - | - | - | €0.1m | €0.08m | €0.06m | €0.02m | ▼ 64.4% |
| Other tangible fixed assets26 | - | - | - | - | €0.06m | €0.04m | €0.03m | €0.02m | ▼ 37.2% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.9m | €0.8m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 4.6% |
| Stocks and contracts in progress3 | €0.01m | €0.01m | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.8m | €0.7m | €0.7m | €1.0m | €0.8m | €0.9m | €0.8m | €0.8m | ▲ 3.3% |
| Trade receivables40 | - | - | - | - | €0.8m | €0.8m | €0.7m | €0.8m | ▲ 15.2% |
| Other amounts receivable41 | - | - | - | - | €0.05m | €0.03m | €0.09m | €0.01m | ▼ 87.6% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.09m | €0.3m | €0.05m | €0.1m | €0.07m | €0.2m | €0.2m | ▲ 3.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.05m | €0.05m | €0.05m | €0.07m | ▲ 27.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.4m | €1.5m | €1.4m | €1.8m | €1.6m | €1.4m | €1.3m | ▼ 8.0% |
| Equity10/15 | €0.002m | €0.1m | €0.2m | €0.4m | €0.6m | €0.7m | €0.5m | €0.5m | ▲ 0.5% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.3m | €0.3m | €0.1m | €0.3m | €0.5m | €0.6m | €0.4m | €0.4m | ▲ 0.6% |
| Non-distributable reserves130/1 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | - | €0.5m | €0.5m | €0.4m | €0.4m | ▲ 0.7% |
| Profit (loss) carried forward14 | -€0.4m | -€0.3m | €0 | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €1.6m | €1.3m | €1.3m | €1.0m | €1.1m | €0.9m | €0.9m | €0.8m | ▼ 12.5% |
| Amounts payable after more than one year17 | €0.2m | €0.3m | €0.3m | €0.1m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 29.4% |
| Financial debts170/4 | - | - | - | - | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 29.4% |
| Amounts payable within one year42/48 | €1.3m | €1.0m | €1.0m | €0.6m | €0.8m | €0.6m | €0.7m | €0.6m | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.2m | €0.09m | €0.06m | €0.06m | ▲ 0.3% |
| Financial debts43 | - | - | - | - | €0.03m | €0.09m | €0.05m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €0.03m | €0.09m | €0.05m | €0 | ▼ 100% |
| Trade debts44 | €0.5m | €0.4m | €0.3m | €0.1m | €0.06m | €0.1m | €0.1m | €0.1m | ▲ 1.9% |
| Suppliers440/4 | - | - | - | - | €0.06m | €0.1m | €0.1m | €0.1m | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 22.8% |
| Taxes450/3 | - | - | - | - | €0.2m | €0.02m | €0.08m | €0.1m | ▲ 15.6% |
| Remuneration and social security454/9 | - | - | - | - | €0.3m | €0.3m | €0.4m | €0.2m | ▼ 31.7% |
| Other amounts payable47/48 | - | - | - | - | €0.1m | €0.004m | €0 | €0.09m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €43 | €0.004m | €0.04m | €0.04m | ▲ 0.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€396,025 | €103,904 | €118,252 | €151,245 | €368,510 | €31,139 | -€166,165 | €2,520 | - |
| + Depreciation and write-downs630 | €259,660 | €178,903 | €161,380 | €140,888 | €151,069 | €201,707 | €166,323 | €156,702 | ▼ 5.8% |
| Operating cash flow (approximation) | -€136,364 | €282,808 | €279,632 | €292,133 | €519,579 | €232,846 | €159 | €159,222 | ▲ 1,004× |
| Investment in fixed assets (approximation) | - | -€18,630 | -€21,799 | -€32,759 | -€617,166 | -€13,120 | €10,354 | €4,823 | ▼ 53.4% |
| Change in cash | - | €67,423 | €214,518 | -€254,122 | €49,803 | -€31,858 | €145,847 | €7,666 | ▼ 94.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-05-2026 | 2026-00125317 |
| 31-12-2024 | abbreviated format | 13-06-2025 | 2025-00144772 |
| 31-12-2023 | abbreviated format | 09-04-2024 | 2024-00059840 |
| 31-12-2022 | abbreviated format | 01-03-2023 | 2023-00033811 |
| 31-12-2021 | abbreviated format | 22-03-2022 | 2022-08300238 |
| 31-12-2020 | abbreviated format | 02-04-2021 | 2021-09700249 |
| 31-12-2019 | abbreviated format | 30-03-2020 | 2020-08200154 |
| 31-12-2018 | abbreviated format | 20-06-2019 | 2019-20700390 |
| 31-05-2017 | abbreviated format | 28-11-2017 | 2017-70700463 |
| 31-05-2016 | abbreviated format | 09-12-2016 | 2016-69900024 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €25,511 awarded · €27,551 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €5,426 | €5,426 |
| 2024 | 2 | €5,820 | €7,470 |
| 2023 | 2 | €5,195 | €7,529 |
| 2022 | 2 | €9,070 | €7,126 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RDI |
|
| CONXION |
|
| Robin Talboom |
|
| NSILION |
|
Owners and capital
Owners
2 ownersChain of control
- CONXION
- USERFULL
Highest known parent: CONXION. The sources do not say who stands above it.
Owners 2
- CONXIONparent100%
-
10%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- NSILIONsubsidiary100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
10 connected companiesShow 6 more companies with a shared director
Board mandates elsewhere
1 board mandateAcquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
26-11
Gazette deed
Resignation: Robin Talboom (director)Reappointment: Robin Talboom (bestuurder) · Appointment: CONXION BV (bestuurder) · Permanent representatives: Robin Talboom and Chris Debyser6 facts ▸
- General meeting, 17-07-2024
- Director resignation, Robin Talboom (director (not named in the articles))
- Director reappointment, Robin Talboom ((niet statutaire) bestuurder)
- Director appointment, CONXION BV ((niet statutaire) bestuurder)
- Permanent representative, Robin Talboom
- Permanent representative, Chris Debyser
24-11
Gazette deed
Purpose · RestructuringResignations: USERFULL (enige niet statutaire bestuurder) and RDI (huidige bestuurder) · Permanent representative: TALBOOM Robin · Reappointment: RDI (enige niet statutaire bestuurder)16 facts ▸
- General meeting, 10-10-2022
- Board meeting, “Scherpenhoek 91 te Boom” (deed in Dutch)
- Other provision, “formele bekrachtiging zetelverplaatsing en gewestverandering als aanvulling geruisloze fusie”, 02-09-2022 (deed in Dutch)
- General meeting, 02-09-2022
- Merger, 12-07-2022
- Other provision, 15-07-2022, “afwezigheid noemenswaardige wijzigingen in vermogen overgenomen vennootschap” (deed in Dutch)
- Merger, “gehele vermogen zowel rechten als verplichtingen”, 02-09-2022 (deed in Dutch)
- Real estate, nSilion
- Other provision, “geen bijzondere rechten of voordelen bij fusie, bestuurder overgenomen vennootschap noch bestuurder overnemende vennootschap” (deed in Dutch)
- Accounting effect, 01-03-2022
- Director resignation, USERFULL (enige niet statutaire bestuurder)
- Director discharge, USERFULL (enige niet statutaire bestuurder)
- +4 further facts in this act
27-07
Gazette deed
Restructuring · MiscellaneousPermanent representative: Robin Françoise Talboom · Merger · Shareholding18 facts ▸
- Merger, “Vereenvoudigde Fusie, geruisloze fusie” (deed in Dutch)
- Shareholding, “recente overname” (deed in Dutch)
- Board meeting, 12-07-2022
- Other provision, “griffie bevoegde ondernemingsrechtbank, neerlegging fusievoorstel” (deed in Dutch)
- Other provision, “Development: softwareontwikkeling, Systeembeheer: netwerkinfrastructuur,cloud-oplossingen,beveiliging” (deed in Dutch)
- Other provision, “gelijkenis complementariteit supplementariteit, zeer sterke gelijkenissen” (deed in Dutch)
- Other provision, “centralisatie operationele activiteiten in één enkele vennootschap, grotere partij beter gekend” (deed in Dutch)
- Board composition, RDI (director)
- Permanent representative, Robin Françoise Talboom (2 times)
- Board composition, “bestuurder” (deed in Dutch)
- Accounting effect, 01-03-2022
- Other provision, “rechten bijzondere rechten en andere effecten” (deed in Dutch)
- +6 further facts in this act
Show earlier events
About the unread acts
Of the 13 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
General meetings
1 meeting noticeAgenda
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11005A0549/00Z000 | Flanders | 2.2 ha | 1 · 962 m² | - |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “De vennootschap heeft tot doel in België en in het buitenland, de verkoop in groot- en kleinhandel, de aankoop, de herstelling en het…” (deed in Dutch)deed of 27-07-2022
3 activities (deed in Dutch)
- De vennootschap heeft tot doel in België en in het buitenland, de verkoop in groot- en kleinhandel, de aankoop, de herstelling en het onderhoud van informaticamateriaal, van informaticasoftware, bureaumateriaal en robotica; elke informatica- en functionele analyse, de ontwikkeling van materíalen en software alsook het geven van vorming en lessen informatica.
- In het algemeen kan de vennootschap alle commerciële, financiële, roerende of onroerende handelingen, overdrachten of operaties stellen die rechtstreeks of onrechtstreeks verband houden met haar doel of die van aard zijnde verwezenlijking van haar doel te vergemakkelijken of te bewerkstelligen.
- Zij kan haar maatschappelijk doel realiseren, ofwel rechtstreeks, ofwel door geheel of gedeeltelijk deel te nemen in andere soortgelijke of verwante ondernemingen of vennootschappen.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Administratieve zetels, exploitatiezetels, bijkantoren en depots, Vlaams Gewest” (deed in Dutch)deed of 24-11-2022
Read from the deeds: 2 provisions, deed of 24-11-2022