USW
ActiveUSW has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-444k) and a net result of €-66k. Equity is shrinking by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 12% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
23
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-64
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.28 in 2023; short-term debt: 151.8% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-51.8%
Return on assets
-7.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-444k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
91 d late
2021
61 d late
2020
125 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-444k▼ 17.3%
2023 · €-379k
2018: €154k
2019: €27k
2020: €-176k
2021: €-358k
2022: €-397k
2023: €-379k
2018 → 2024
Total assets
€858k▲ 66.8%
2023 · €515k
2018: €557k
2019: €354k
2020: €237k
2021: €89k
2022: €270k
2023: €515k
2018 → 2024
Net result
€-66k
2023 · €19k
2018: €69k
2019: €-127k
2020: €-203k
2021: €-182k
2022: €-40k
2023: €19k
2018 → 2024
Working capital
€-877k▼ 43.6%
2023 · €-611k
2018: €11k
2019: €-188k
2020: €-284k
2021: €-377k
2022: €-487k
2023: €-611k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-176k-€-358k▼ 104%€-397k▼ 11.1%€-379k▲ 4.7%€-444k▼ 17.3%
Operating result€-201k-€-182k▲ 9.6%€-79k▲ 56.6%€20k€-64k
Net result€-203k-€-182k▲ 10.2%€-40k▲ 78.2%€19k€-66k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €64k after €20k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €858k
Fixed assets
€433k▲ 53.8%
Current assets
€425k▲ 82.5%
Key figures and ratios
EBITDA
€-13k▼
2023 · €49k
Cash flow
€-14k▼
2023 · €47k
Solvency
-51.8%▲
2023 · -73.6%
Current ratio
0.33▲
2023 · 0.28
Quick ratio
0.33▲
2023 · 0.28
Debt / equity
-2.93▼
2023 · -2.36
ROA
-7.7%▼
2023 · 3.6%
Interest coverage
-10.94▼
2023 · 49.35
Debt
€1.30M▲
2023 · €893k
Debt ≤ 1 year
€1.30M▲
2023 · €844k
Income taxes
€419▼
2023 · €420
Staff costs
€85k▲
2023 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€515k€858k▲
Fixed assets21/28€282k€433k▲
Tangible fixed assets22/27€282k€433k▲
Plant, machinery and equipment23€280k€430k▲
Furniture and vehicles24€1k€3k▲
Current assets29/58€233k€425k▲
Amounts receivable within one year40/41€229k€412k▲
Trade receivables40€229k€404k▲
Other amounts receivable41€143€8k▲
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€837€11k▲
Equity and liabilities
Total equity and liabilities10/49€515k€858k▲
Equity10/15€-379k€-444k▼
Contributions10/11€6k€6k=
Reserves13€148k€148k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€146k€148k▲
Profit (loss) carried forward14€-533k€-598k▼
Amounts payable17/49€893k€1.30M▲
Amounts payable within one year42/48€844k€1.30M▲
Financial debts43€1k€3k▲
Credit institutions430/8€1k€3k▲
Trade debts44€203k€412k▲
Suppliers440/4€203k€412k▲
Taxes, remuneration and social security45€22k€6k▼
Taxes450/3€6k€421▼
Remuneration and social security454/9€15k€5k▼
Other amounts payable47/48€619k€883k▲
Accrued charges and deferred income492/3€50k-
Income statement
Code20232024
Remuneration, social security and pensions62€53k€85k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€51k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€104k€74k▼
Operating profit (loss)9901€20k€-64k▼
Financial income75/76B€196€313▲
Recurring financial income75€196€313▲
Financial charges65/66B€986€1k▲
Recurring financial charges65€986€1k▲
Profit (loss) for the period before taxes9903€19k€-65k▼
Income taxes67/77€420€419▼
Profit (loss) for the period9904€19k€-66k▼
Profit (loss) for the period to be appropriated9905€19k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-533k€-598k▼
Profit (loss) brought forward from the previous period14P€-551k€-533k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
31-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation3 facts ▸
- General meeting, 01/12/2025
- Director resignation, Verschore Hannes (bestuurder)
- Director resignation, Verschore Nikos (bestuurder)
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after 4 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
2020
31-12
Financial
Weakest financial yearnet €-203k
Net result drops to €-203k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 105 days late
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 144 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-12-2025
Verschore Hannes: Resigned as Director
01-12-2025
Verschore Nikos: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Deinsesteenweg 289031 GentGround area
1,833 m²
Building footprint
570 m²
Volume, LiDAR
1,955 m³
2 parcels, Brussels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
USW, UwSoftWare partner
since 20122.216.015.577
Deinsesteenweg 28, 9031 Gent
since 20192.312.926.594
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017C0887/00N000 | Flanders | 1,297 m² | 1 · 167 m² | - |
| 21003A0330/00Y002 | Brussels | 536 m² | 1 · 404 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MOBILE WORLD
BE 1006.663.030
Mechelen · Eq €27k
IMLER Kasregisters
BE 0749.751.701
Schelle · Eq €27k
WIDE AREA NETWORK
BE 0466.369.169
Seraing · Eq €27k
S.K.N.
BE 0461.070.197
Waregem · Eq €27k
Im Press
BE 0731.635.960
Kortrijk · Eq €27k
Of 2,126 companies in sector 46500 we hold annual accounts for 1,403. 721 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2012
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
82300Organisation of conventions and trade shows
47400Retail sale of information and communication equipment
47410Retail trade
58290Other software publishing
62010Computer programming, consultancy and related activities
62020IT consultancy
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.