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 (-€61,836) and a net result of €110,790. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 680 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.
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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 680 sector peers (2025).
NBB · sector comparisonPosition among 680 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#6 oldest company in Walcourt, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€110,790
2024 · -€26,382
Working capital
-€83,159▲ 60.0%
2024 · -€208,038
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
Line20212022202320242025
Operating result-€105,998--€89,396▲ 15.7%€40,914-€22,779€114,612
Net result-€110,871--€91,324▲ 17.6%€36,725-€26,382€110,790
Equity-€68,445--€159,769▼ 133%-€123,044▲ 23.0%-€172,626▼ 40.3%-€61,836▲ 64.2%
Total assets€276,959-€220,756▼ 20.3%€158,643▼ 28.1%€107,696▼ 32.1%€93,161▼ 13.5%
Debt€345,404-€380,525▲ 10.2%€281,687▼ 26.0%€280,322▼ 0.5%€154,997▼ 44.7%
Working capital-€90,603--€183,507▼ 103%-€161,088▲ 12.2%-€208,038▼ 29.1%-€83,159▲ 60.0%
Staff (FTE)5-4.8▼ 4.0%4.3▼ 10.4%5▲ 16.3%5=
Why a figure moved sharply
- 2025 Equity +64% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €114,612 after a loss of €22,779 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,161
Fixed assets
€21,323 ▼ 49.6%
Current assets
€71,838 ▲ 9.9%
Key figures and ratios
EBITDA
€140,845▲
2024 · €9,543
Cash flow
€137,024▲
2024 · €5,940
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 ≤ 1 year
€154,997▼
2024 · €273,400
Debt > 1 year
€0▼
2024 · €3,573
Staff costs
€311,689▲
2024 · €277,373
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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 3,799 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 | €6,704 | €4,171 | €7,903 | €0 | €4,493 | - |
| Remuneration, social security and pensions62 | €244,719 | €283,953 | €259,233 | €277,373 | €311,689 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,736 | €41,772 | €31,283 | €32,322 | €26,234 | ▼ 18.8% |
| Other operating charges640/8 | €1,442 | €1,457 | €1,768 | €1,500 | €1,648 | ▲ 9.9% |
| Non-recurring operating charges66A | - | - | - | - | €385 | - |
| Gross operating margin9900 | €192,899 | €237,787 | €333,198 | €288,416 | €454,567 | ▲ 57.6% |
| Operating profit (loss)9901 | -€105,998 | -€89,396 | €40,914 | -€22,779 | €114,612 | ▲ 603% |
| Financial income75/76B | €1,175 | €2,182 | €858 | €957 | €723 | ▼ 24.5% |
| Recurring financial income75 | €1,175 | €2,182 | €858 | €957 | €723 | ▼ 24.5% |
| Financial charges65/66B | €5,727 | €4,116 | €4,547 | €4,560 | €4,544 | ▼ 0.3% |
| Recurring financial charges65 | €5,727 | €4,116 | €4,547 | €4,560 | €4,544 | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | -€110,551 | -€91,330 | €37,225 | -€26,382 | €110,790 | ▲ 520% |
| Transfer from deferred taxes780 | €0 | - | - | - | - | - |
| Income taxes67/77 | €320 | -€6 | €500 | €0 | - | - |
| Profit (loss) for the period9904 | -€110,871 | -€91,324 | €36,725 | -€26,382 | €110,790 | ▲ 520% |
| Profit (loss) for the period to be appropriated9905 | -€110,871 | -€91,324 | €36,725 | -€26,382 | €110,790 | ▲ 520% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €276,959 | €220,756 | €158,643 | €107,696 | €93,161 | ▼ 13.5% |
| Fixed assets21/28 | €132,586 | €95,421 | €70,710 | €42,335 | €21,323 | ▼ 49.6% |
| Tangible fixed assets22/27 | €132,586 | €95,421 | €70,710 | €42,335 | €21,323 | ▼ 49.6% |
| Plant, machinery and equipment23 | €120,842 | €95,369 | €70,710 | €42,335 | €20,226 | ▼ 52.2% |
| Furniture and vehicles24 | €11,744 | €52 | €0 | - | €1,097 | - |
| Current assets29/58 | €144,373 | €125,335 | €87,933 | €65,361 | €71,838 | ▲ 9.9% |
| Stocks and contracts in progress3 | €30,562 | €0 | - | - | €60,087 | - |
| Stocks30/36 | €30,562 | €0 | - | - | €60,087 | - |
| Amounts receivable within one year40/41 | €99,616 | €101,633 | €62,528 | €47,914 | €0 | ▼ 100% |
| Trade receivables40 | €16,138 | €54,416 | €175 | €61 | €0 | ▼ 100% |
| Other amounts receivable41 | €83,478 | €47,217 | €62,352 | €47,852 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €11,361 | €12,327 | €23,853 | €16,490 | €11,752 | ▼ 28.7% |
| Deferred charges and accrued income490/1 | €2,834 | €11,375 | €1,552 | €957 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €276,959 | €220,756 | €158,643 | €107,696 | €93,161 | ▼ 13.5% |
| Equity10/15 | -€68,445 | -€159,769 | -€123,044 | -€172,626 | -€61,836 | ▲ 64.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €3,551 | €3,551 | €3,551 | €3,551 | €3,551 | = |
| Non-distributable reserves130/1 | €3,551 | €3,551 | €3,551 | €3,551 | €3,551 | = |
| Legal reserve130 | €3,551 | €3,551 | €3,551 | €3,551 | €3,551 | = |
| Profit (loss) carried forward14 | -€156,696 | -€248,020 | -€211,296 | -€237,677 | -€126,887 | ▲ 46.6% |
| Investment grants15 | €23,200 | €23,200 | €23,200 | €0 | - | - |
| Amounts payable17/49 | €345,404 | €380,525 | €281,687 | €280,322 | €154,997 | ▼ 44.7% |
| Amounts payable after more than one year17 | €110,428 | €71,684 | €32,666 | €3,573 | €0 | ▼ 100% |
| Financial debts170/4 | €110,428 | €71,684 | €32,666 | €3,573 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €234,976 | €308,841 | €249,021 | €273,400 | €154,997 | ▼ 43.3% |
| Current portion of amounts payable after more than one year42 | €46,696 | €38,744 | €39,017 | €29,094 | €3,573 | ▼ 87.7% |
| Trade debts44 | €74,229 | €62,245 | €22,260 | €21,640 | €25,574 | ▲ 18.2% |
| Suppliers440/4 | €74,229 | €62,245 | €22,260 | €21,640 | €25,574 | ▲ 18.2% |
| Taxes, remuneration and social security45 | €42,847 | €31,758 | €27,027 | €39,622 | €32,139 | ▼ 18.9% |
| Taxes450/3 | €6,664 | €6,410 | €4,433 | €4,870 | €5,363 | ▲ 10.1% |
| Remuneration and social security454/9 | €36,183 | €25,348 | €22,595 | €34,752 | €26,776 | ▼ 23.0% |
| Other amounts payable47/48 | €71,205 | €176,095 | €160,717 | €183,044 | €93,711 | ▼ 48.8% |
| Accrued charges and deferred income492/3 | €0 | - | - | €3,350 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€110,871 | -€91,324 | €36,725 | -€26,382 | €110,790 | ▲ 520% |
| + Depreciation and write-downs630 | €52,736 | €41,772 | €31,283 | €32,322 | €26,234 | ▼ 18.8% |
| Operating cash flow (approximation) | -€58,135 | -€49,552 | €68,008 | €5,940 | €137,024 | ▲ 2,207% |
| Investment in fixed assets (approximation) | - | -€4,607 | -€6,571 | -€3,947 | -€5,222 | ▼ 32.3% |
| Change in cash | - | €966 | €11,527 | -€7,363 | -€4,739 | ▲ 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 €110,790
Net result €110,790 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 €36,725
Net result €36,725 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 -€110,871
Net result drops to -€110,871, 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.
Structure & network
Owners and holdings
1 ownerChain of control
- S.SENDROWICZ
- USIMEC
Highest known parent: S.SENDROWICZ. The sources do not say who stands above it.
Owners 1
-
99.97%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of USIMEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,462 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441205092
Also
9925:BE0441205092
Registered
22-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.