USUEL
ActiveSummary
USUEL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,779 and a net result of €58,394. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+14
Solvency77▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.88 in 2024; short-term debt: 27.2% and cash: 17.9% of total assets), and 47.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.1%
Return on assets
23.8%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
36 d early
2023
1 d early
2022
4 d early
2021
62 d early
2020
16 d late
2019
119 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 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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, micro schema
Equity
€127,779▲ 16.8%
2024 · €109,384
Total assets
€245,239▲ 2.0%
2024 · €240,525
Net result
€58,394▲ 86.5%
2024 · €31,312
Working capital
€4,628
2024 · -€7,298
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,649▲ 39.3%-€1,486€7,316€29,030▲ 297%€28,204▼ 2.8%
Net result€9,349within the sector's middle half▼ 89.8%€35,762above the sector's middle half▲ 283%€46,832above the sector's middle half▲ 31.0%€31,312above the sector's middle half▼ 33.1%€58,394above the sector's middle half▲ 86.5%
Equity€117,422above the sector's middle half▲ 8.7%€109,384above the sector's middle half▼ 6.8%€109,384above the sector's middle half=€109,384above the sector's middle half=€127,779above the sector's middle half▲ 16.8%
Total assets€209,140within the sector's middle half▲ 1.0%€294,574above the sector's middle half▲ 40.9%€270,617above the sector's middle half▼ 8.1%€240,525above the sector's middle half▼ 11.1%€245,239above the sector's middle half▲ 2.0%
Debt€91,718▼ 7.3%€185,190▲ 102%€161,233▼ 12.9%€131,140▼ 18.7%€117,461▼ 10.4%
Working capital€71,703▼ 16.3%€20,716▼ 71.1%€6,108▼ 70.5%-€7,298€4,628
Solvency56.1%within the sector's middle half▲ 3.9pp37.1%within the sector's middle half▼ 19.0pp40.4%within the sector's middle half▲ 3.3pp45.5%within the sector's middle half▲ 5.1pp52.1%within the sector's middle half▲ 6.6pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €245,239
Fixed assets
€173,933 ▼ 6.2%
Current assets
€71,306 ▲ 29.4%
Equity and liabilities €245,239
Equity
€127,779 ▲ 16.8%
Debt
€117,461 ▼ 10.4%
Debt's share of the balance-sheet total falls from 54.5% to 47.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,047▼
2024 · €42,449
Cash flow
€72,237▲
2024 · €44,731
Current ratio
1.07▲
2024 · 0.88
Debt to equity
0.92▼
2024 · 1.20
ROE
45.7%▲
2024 · 28.6%
ROA
23.8%▲
2024 · 13.0%
Interest coverage
46.49▲
2024 · 43.99
Debt ≤ 1 year
€66,679▲
2024 · €62,425
Debt > 1 year
€50,782▼
2024 · €68,715
Income taxes
€7,064▼
2024 · €7,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 26,964 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,393 | €7,310 | €12,343 | €13,419 | €13,843 | ▲ 3.2% |
| Other operating charges640/8 | €348 | €398 | €384 | €1,737 | €593 | ▼ 65.8% |
| Gross operating margin9900 | €14,389 | €6,221 | €20,044 | €44,186 | €42,640 | ▼ 3.5% |
| Operating profit (loss)9901 | €12,649 | -€1,486 | €7,316 | €29,030 | €28,204 | ▼ 2.8% |
| Financial income75/76B | €433 | €38,338 | €40,591 | €10,538 | €38,158 | ▲ 262% |
| Recurring financial income75 | €433 | €38,338 | €40,591 | €10,538 | €38,158 | ▲ 262% |
| Financial charges65/66B | €417 | €1,089 | €1,074 | €965 | €905 | ▼ 6.3% |
| Recurring financial charges65 | €417 | €1,089 | €1,074 | €965 | €905 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €12,665 | €35,762 | €46,832 | €38,603 | €65,458 | ▲ 69.6% |
| Income taxes67/77 | €3,316 | €0 | - | €7,291 | €7,064 | ▼ 3.1% |
| Profit (loss) for the period9904 | €9,349 | €35,762 | €46,832 | €31,312 | €58,394 | ▲ 86.5% |
| Profit (loss) for the period to be appropriated9905 | €9,349 | €35,762 | €46,832 | €31,312 | €58,394 | ▲ 86.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €209,140 | €294,574 | €270,617 | €240,525 | €245,239 | ▲ 2.0% |
| Fixed assets21/28 | €112,719 | €192,948 | €189,824 | €185,398 | €173,933 | ▼ 6.2% |
| Tangible fixed assets22/27 | €12,719 | €92,948 | €89,824 | €85,398 | €73,933 | ▼ 13.4% |
| Plant, machinery and equipment23 | - | - | - | €5,089 | €3,755 | ▼ 26.2% |
| Furniture and vehicles24 | €3,474 | €2,206 | €939 | €3,010 | €4,464 | ▲ 48.3% |
| Other tangible fixed assets26 | €9,246 | €90,741 | €88,885 | €77,299 | €65,713 | ▼ 15.0% |
| Financial fixed assets28 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Current assets29/58 | €96,421 | €101,626 | €80,793 | €55,126 | €71,306 | ▲ 29.4% |
| Amounts receivable within one year40/41 | €16,579 | €29,380 | €21,998 | €27,884 | €27,389 | ▼ 1.8% |
| Trade receivables40 | €14,123 | €15,246 | €9,316 | €13,755 | €14,811 | ▲ 7.7% |
| Other amounts receivable41 | €2,456 | €14,134 | €12,682 | €14,129 | €12,578 | ▼ 11.0% |
| Cash at bank and in hand54/58 | €79,825 | €72,211 | €58,259 | €26,707 | €43,863 | ▲ 64.2% |
| Deferred charges and accrued income490/1 | €16 | €36 | €536 | €536 | €55 | ▼ 89.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €209,140 | €294,574 | €270,617 | €240,525 | €245,239 | ▲ 2.0% |
| Equity10/15 | €117,422 | €109,384 | €109,384 | €109,384 | €127,779 | ▲ 16.8% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €105,022 | €90,784 | €90,784 | €90,784 | €109,179 | ▲ 20.3% |
| Distributable reserves133 | €105,022 | €90,784 | €90,784 | €90,784 | €109,179 | ▲ 20.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €91,718 | €185,190 | €161,233 | €131,140 | €117,461 | ▼ 10.4% |
| Amounts payable after more than one year17 | €67,000 | €104,279 | €86,548 | €68,715 | €50,782 | ▼ 26.1% |
| Financial debts170/4 | €67,000 | €104,279 | €86,548 | €68,715 | €50,782 | ▼ 26.1% |
| Amounts payable within one year42/48 | €24,718 | €80,910 | €74,684 | €62,425 | €66,679 | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €5,636 | €5,731 | €5,833 | €5,933 | ▲ 1.7% |
| Financial debts43 | - | €700 | €0 | €1,579 | €3,559 | ▲ 125% |
| Credit institutions430/8 | - | €700 | €0 | €1,579 | €3,559 | ▲ 125% |
| Trade debts44 | €2,037 | €2,283 | €3,894 | €1,366 | €1,548 | ▲ 13.4% |
| Suppliers440/4 | €2,037 | €2,283 | €3,894 | €1,366 | €1,548 | ▲ 13.4% |
| Taxes, remuneration and social security45 | €10,681 | €10,291 | €6,226 | €10,336 | €3,638 | ▼ 64.8% |
| Taxes450/3 | €8,223 | €7,817 | €6,226 | €7,780 | €1,064 | ▼ 86.3% |
| Remuneration and social security454/9 | €2,457 | €2,474 | €0 | €2,557 | €2,575 | ▲ 0.7% |
| Other amounts payable47/48 | €12,000 | €62,000 | €58,832 | €43,312 | €52,000 | ▲ 20.1% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,349 | €35,762 | €46,832 | €31,312 | €58,394 | ▲ 86.5% |
| + Depreciation and write-downs630 | €1,393 | €7,310 | €12,343 | €13,419 | €13,843 | ▲ 3.2% |
| Operating cash flow (approximation) | €10,743 | €43,072 | €59,176 | €44,731 | €72,237 | ▲ 61.5% |
| Investment in fixed assets (approximation) | - | -€87,538 | -€9,220 | -€8,993 | -€2,377 | ▲ 73.6% |
| Change in cash | - | -€7,614 | -€13,952 | -€31,553 | €17,156 | ▲ 154% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Highest result since 2019net €91,837 ▲2,294%
Net result €91,837, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.30
Current ratio from 2.35 to 5.30.
31-12
Financial
Equity above €100,000Eq €108,073 ▲566%
2 profitable years in a row build equity to €108,073.
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Elsene · 1 establishment unit since 2019
Ground area
134 m²
Building footprint
68 m²
Volume, LiDAR
536 m³
Parcel 21443A0113/00X008, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
USUEL
since 20192.325.655.964
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0113/00X008 | Brussels | 134 m² | 1 · 68 m² | 12.8 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2025 annual accounts of USUEL 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 1,236 companies in sector 74140 we hold annual accounts for 353. 282 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
Founded23-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74140Other specialised design activities
62200Computer consultancy and computer facilities management
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719296570
Registered
24-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.