USIMEC
ActiveSummary
USIMEC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-62k) and a net result of €111k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 677 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+83
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.24 in 2024; short-term debt: 166.4% and cash: 12.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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 2025Solvency, return and age of the figures
Solvency
-66.4%
Return on assets
118.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 677 sector peers (2025).
NBB · sector comparisonPosition among 677 sector peers
Solvency
better than 5%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
3 d early
2023
5 d late
2022
31 d late
2021
4 d early
2020
30 d early
2019
32 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€111k
2024 · €-26k
2018: €24k
2019: €4k▼ -84.7% vs 2018
2021: €-111klowest value
2022: €-91k▲ +17.6% vs 2021
2023: €37k▲ +140% vs 2022
2024: €-26k▼ -172% vs 2023
2025: €111k▲ +520% vs 2024highest value
2018 → 2025
Working capital
€-83k▲ 60.0%
2024 · €-208k
2018: €58khighest value
2019: €23k▼ -60.2% vs 2018
2021: €-91k
2022: €-184k▼ -103% vs 2021
2023: €-161k▲ +12.2% vs 2022
2024: €-208k▼ -29.1% vs 2023lowest value
2025: €-83k▲ +60.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-68k-€-160k▼ 133%€-123k▲ 23.0%€-173k▼ 40.3%€-62k▲ 64.2%
2021: €-68k
2022: €-160k▼ -133% vs 2021
2023: €-123k▲ +23.0% vs 2022
2024: €-173k▼ -40.3% vs 2023lowest in 5 years
2025: €-62k▲ +64.2% vs 2024highest in 5 years
Operating result€-106k-€-89k▲ 15.7%€41k€-23k€115k
2021: €-106klowest in 5 years
2022: €-89k▲ +15.7% vs 2021
2023: €41k▲ +146% vs 2022
2024: €-23k▼ -156% vs 2023
2025: €115k▲ +603% vs 2024highest in 5 years
Net result€-111k-€-91k▲ 17.6%€37k€-26k€111k
2021: €-111klowest in 5 years
2022: €-91k▲ +17.6% vs 2021
2023: €37k▲ +140% vs 2022
2024: €-26k▼ -172% vs 2023
2025: €111k▲ +520% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €115k after a loss of €23k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€21k ▼ 49.6%
Current assets
€72k ▲ 9.9%
Key figures and ratios
EBITDA
€141k▲
2024 · €10k
Cash flow
€137k▲
2024 · €6k
Solvency
-66.4%▲
2024 · -160.3%
Current ratio
0.46▲
2024 · 0.24
Quick ratio
0.08▼
2024 · 0.24
Debt to equity
-2.51▼
2024 · -1.62
ROA
118.9%▲
2024 · -24.5%
Interest coverage
30.99▲
2024 · 2.09
Debt
€155k▼
2024 · €280k
Debt ≤ 1 year
€155k▼
2024 · €273k
Debt > 1 year
€0▼
2024 · €4k
Staff costs
€312k▲
2024 · €277k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€108k€93k▼
Fixed assets21/28€42k€21k▼
Tangible fixed assets22/27€42k€21k▼
Plant, machinery and equipment23€42k€20k▼
Furniture and vehicles24-€1k
Current assets29/58€65k€72k▲
Stocks and contracts in progress3-€60k
Stocks30/36-€60k
Amounts receivable within one year40/41€48k€0▼
Trade receivables40€61€0▼
Other amounts receivable41€48k€0▼
Cash at bank and in hand54/58€16k€12k▼
Deferred charges and accrued income490/1€957€0▼
Equity and liabilities
Total equity and liabilities10/49€108k€93k▼
Equity10/15€-173k€-62k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Profit (loss) carried forward14€-238k€-127k▲
Investment grants15€0-
Amounts payable17/49€280k€155k▼
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€273k€155k▼
Current portion of amounts payable after more than one year42€29k€4k▼
Trade debts44€22k€26k▲
Suppliers440/4€22k€26k▲
Taxes, remuneration and social security45€40k€32k▼
Taxes450/3€5k€5k▲
Remuneration and social security454/9€35k€27k▼
Other amounts payable47/48€183k€94k▼
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€4k▲
Remuneration, social security and pensions62€277k€312k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€26k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€385
Gross operating margin9900€288k€455k▲
Operating profit (loss)9901€-23k€115k▲
Financial income75/76B€957€723▼
Recurring financial income75€957€723▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-26k€111k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-26k€111k▲
Profit (loss) for the period to be appropriated9905€-26k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-238k€-127k▲
Profit (loss) brought forward from the previous period14P€-211k€-238k▼
Social balance
Average headcount (FTE)90875.05.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7k | €4k | €8k | €0 | €4k | - |
| Remuneration, social security and pensions62 | €245k | €284k | €259k | €277k | €312k | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €42k | €31k | €32k | €26k | ▼ 18.8% |
| Other operating charges640/8 | €1k | €1k | €2k | €1k | €2k | ▲ 9.9% |
| Non-recurring operating charges66A | - | - | - | - | €385 | - |
| Gross operating margin9900 | €193k | €238k | €333k | €288k | €455k | ▲ 57.6% |
| Operating profit (loss)9901 | €-106k | €-89k | €41k | €-23k | €115k | ▲ 603% |
| Financial income75/76B | €1k | €2k | €858 | €957 | €723 | ▼ 24.5% |
| Recurring financial income75 | €1k | €2k | €858 | €957 | €723 | ▼ 24.5% |
| Financial charges65/66B | €6k | €4k | €5k | €5k | €5k | ▼ 0.3% |
| Recurring financial charges65 | €6k | €4k | €5k | €5k | €5k | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €-111k | €-91k | €37k | €-26k | €111k | ▲ 520% |
| Transfer from deferred taxes780 | €0 | - | - | - | - | - |
| Income taxes67/77 | €320 | €-6 | €500 | €0 | - | - |
| Profit (loss) for the period9904 | €-111k | €-91k | €37k | €-26k | €111k | ▲ 520% |
| Profit (loss) for the period to be appropriated9905 | €-111k | €-91k | €37k | €-26k | €111k | ▲ 520% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €277k | €221k | €159k | €108k | €93k | ▼ 13.5% |
| Fixed assets21/28 | €133k | €95k | €71k | €42k | €21k | ▼ 49.6% |
| Tangible fixed assets22/27 | €133k | €95k | €71k | €42k | €21k | ▼ 49.6% |
| Plant, machinery and equipment23 | €121k | €95k | €71k | €42k | €20k | ▼ 52.2% |
| Furniture and vehicles24 | €12k | €52 | €0 | - | €1k | - |
| Current assets29/58 | €144k | €125k | €88k | €65k | €72k | ▲ 9.9% |
| Stocks and contracts in progress3 | €31k | €0 | - | - | €60k | - |
| Stocks30/36 | €31k | €0 | - | - | €60k | - |
| Amounts receivable within one year40/41 | €100k | €102k | €63k | €48k | €0 | ▼ 100% |
| Trade receivables40 | €16k | €54k | €175 | €61 | €0 | ▼ 100% |
| Other amounts receivable41 | €83k | €47k | €62k | €48k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €11k | €12k | €24k | €16k | €12k | ▼ 28.7% |
| Deferred charges and accrued income490/1 | €3k | €11k | €2k | €957 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €277k | €221k | €159k | €108k | €93k | ▼ 13.5% |
| Equity10/15 | €-68k | €-160k | €-123k | €-173k | €-62k | ▲ 64.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-157k | €-248k | €-211k | €-238k | €-127k | ▲ 46.6% |
| Investment grants15 | €23k | €23k | €23k | €0 | - | - |
| Amounts payable17/49 | €345k | €381k | €282k | €280k | €155k | ▼ 44.7% |
| Amounts payable after more than one year17 | €110k | €72k | €33k | €4k | €0 | ▼ 100% |
| Financial debts170/4 | €110k | €72k | €33k | €4k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €235k | €309k | €249k | €273k | €155k | ▼ 43.3% |
| Current portion of amounts payable after more than one year42 | €47k | €39k | €39k | €29k | €4k | ▼ 87.7% |
| Trade debts44 | €74k | €62k | €22k | €22k | €26k | ▲ 18.2% |
| Suppliers440/4 | €74k | €62k | €22k | €22k | €26k | ▲ 18.2% |
| Taxes, remuneration and social security45 | €43k | €32k | €27k | €40k | €32k | ▼ 18.9% |
| Taxes450/3 | €7k | €6k | €4k | €5k | €5k | ▲ 10.1% |
| Remuneration and social security454/9 | €36k | €25k | €23k | €35k | €27k | ▼ 23.0% |
| Other amounts payable47/48 | €71k | €176k | €161k | €183k | €94k | ▼ 48.8% |
| Accrued charges and deferred income492/3 | €0 | - | - | €3k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-111k | €-91k | €37k | €-26k | €111k | ▲ 520% |
| + Depreciation and write-downs630 | €53k | €42k | €31k | €32k | €26k | ▼ 18.8% |
| Operating cash flow (approximation) | €-58k | €-50k | €68k | €6k | €137k | ▲ 2,207% |
| Investment in fixed assets (approximation) | - | €-5k | €-7k | €-4k | €-5k | ▼ 32.3% |
| Change in cash | - | €966 | €12k | €-7k | €-5k | ▲ 35.6% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €111k
Net result €111k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
31-12
Financial
Back to profitnet €37k
Net result €37k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Walcourt · 1 establishment unit since 1990
Ground area
3,554 m²
Building footprint
576 m²
Parcel 93011A0380/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
USIMEC
since 19902.049.238.727
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93011A0380/00E000 | Wallonia | 3,554 m² | 1 · 575 m² | - |
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 3,463 companies in sector 25530 we hold annual accounts for 1,655. 1,284 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
Founded27-08-1990
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
33120Repair and maintenance of machinery
Scores and ratios are computed by Checked and are not a credit decision.