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USTEL

Active
Public limited companyfounded 199135 yrs activeLuchtvaartsquare 6-8, 1070 Anderlecht, BelgiumKBO/BCE: BE 0444.616.128
Summary

The computed 12-month bankruptcy probability of USTEL is 1.7% (moderate). The 2024 annual accounts show negative equity (-€1.2m) and a net result of €800,638. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 1761 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
USTELActiveChecked score 45/100
Risk analysis ReportCompare

Overview

What they do
Full-service restaurants
NACE 56111Hotels and similar accommodation NACE 55100Hotels NACE 55101
#1 company by total assets in Anderlecht, Accommodation and food service sector1 site
How big
€24.7mtotal assets 2024
Staff
8.6 FTE
Equity
-€1.2m
Profit
€800,638
Financially healthy?
45 Fair Checked score 2024
Bankruptcy chance 12 m
1.7%
Who decides
Parent
Etablissements Kulche - Machines · 69.14%
Accounts 63 d overdue0 of 11 deeds read
Why 45- Higher-failure-rate sector- Higher-failure-rate region- Annual accounts: weaker financial profile- Weak solvency vs sector+ Long track record+ Lower-risk legal formFiled after the deadlineShow the evidence

Checked score

Score 2024
45 / 100
Fair
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-5
Solvency20▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.55 against 1.91 in 2023; short-term debt: 21.1% and cash: 4.6% of total assets), but 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
-5%
Return on assets
3.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 1761 sector peers (2024).
NBB · sector comparison
Position among 1761 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 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 filings
Deviation from the deadline
2025
not confirmed
2024
63 d late
2023
71 d late
2022
30 d late
2021
19 d late
2020
101 d late
2019
112 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 66 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Liquidity doublescurrent ratio 1.91

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€1.2m View
  • Caution: Among the weakest 5% on equitysector median €68,375 · 1,764 companies -€1.2m View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Controlled by Etablissements Kulche - Machines 69.14% View
  • Positive: Equity rose in 2024from -€2.0m to -€1.2m ▲ 39.6% View

By topic

Financials

Fiscal year
2024
Total assets
€24.7m
Profit
€800,638
Solvency
-5.0%
Total assets▲ 3.8%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2016
  1. 02-10-2025Annual accounts filed
  2. 10-10-2024Annual accounts filed
  3. 31-12-2023Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Full-service restaurantsNACE 56111
Founded
02-07-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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