UWARD
InactiveUWARD was declared bankrupt on 21-03-2022 (Tribunal de l’entreprise du Hainaut, division Mons); the bankruptcy was closed for insufficient assets by judgment of 20-10-2025, published in the Belgian State Gazette on 27-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-09-2021, 59 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
59 d late
2019
90 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€51,709▲ 15.8%
2019 · €44,660
Total assets
€190,673▲ 12.8%
2019 · €169,086
Net result
€5,448▼ 7.5%
2019 · €5,893
Working capital
€3,385▼ 91.2%
2019 · €38,436
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
Line201820192020
Operating result€8,285-€8,069▼ 2.6%€6,138▼ 23.9%
Net result€6,383-€5,893▼ 7.7%€5,448▼ 7.5%
Equity€38,768-€44,660▲ 15.2%€51,709▲ 15.8%
Total assets€60,795-€169,086▲ 178%€190,673▲ 12.8%
Debt€22,028-€124,426▲ 465%€138,964▲ 11.7%
Working capital€33,957-€38,436▲ 13.2%€3,385▼ 91.2%
Staff (FTE)3.55.6▲ 60.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2019 Total assets +178% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 24% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €190,673
Fixed assets
€48,323 ▲ 254%
Current assets
€142,350 ▼ 8.4%
Equity and liabilities €190,673
Equity
€51,709 ▲ 15.8%
Debt
€138,964 ▲ 11.7%
Debt's share of the balance-sheet total falls from 73.6% to 72.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8,299▼
2019 · €13,191
Cash flow
€7,609▼
2019 · €11,014
Current ratio
1.02▼
2019 · 1.33
Quick ratio
0.19▼
2019 · 0.47
ROE
10.5%▼
2019 · 13.2%
ROA
2.9%▼
2019 · 3.5%
Debt ≤ 1 year
€138,964▲
2019 · €117,006
Income taxes
€160▼
2019 · €4,405
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,214 | €5,121 | €2,161 | ▼ 57.8% |
| Gross operating margin9900 | €12,499 | €111,880 | €62,490 | ▼ 44.1% |
| Operating profit (loss)9901 | €8,285 | €8,069 | €6,138 | ▼ 23.9% |
| Recurring financial income75 | €3 | €3,538 | €1,949 | ▼ 44.9% |
| Recurring financial charges65 | €97 | €1,310 | €2,479 | ▲ 89.3% |
| Profit (loss) for the period before taxes9903 | €8,191 | €10,297 | €5,608 | ▼ 45.5% |
| Income taxes67/77 | €1,808 | €4,405 | €160 | ▼ 96.4% |
| Profit (loss) for the period9904 | €6,383 | €5,893 | €5,448 | ▼ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €6,383 | €5,893 | €5,448 | ▼ 7.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €60,795 | €169,086 | €190,673 | ▲ 12.8% |
| Fixed assets21/28 | €4,810 | €13,644 | €48,323 | ▲ 254% |
| Intangible fixed assets21 | €3,266 | €0 | - | - |
| Tangible fixed assets22/27 | €1,544 | €12,434 | €35,613 | ▲ 186% |
| Financial fixed assets28 | - | €1,210 | €12,710 | ▲ 950% |
| Current assets29/58 | €55,985 | €155,442 | €142,350 | ▼ 8.4% |
| Stocks and contracts in progress3 | - | €99,950 | €116,364 | ▲ 16.4% |
| Amounts receivable within one year40/41 | €55,956 | €48,082 | €20,404 | ▼ 57.6% |
| Cash at bank and in hand54/58 | €29 | €5,410 | €3,594 | ▼ 33.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €60,795 | €169,086 | €190,673 | ▲ 12.8% |
| Equity10/15 | €38,768 | €44,660 | €51,709 | ▲ 15.8% |
| Contributions10/11 | €17,000 | €17,000 | €18,600 | ▲ 9.4% |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €19,908 | €25,800 | €31,249 | ▲ 21.1% |
| Amounts payable17/49 | €22,028 | €124,426 | €138,964 | ▲ 11.7% |
| Amounts payable within one year42/48 | €22,028 | €117,006 | €138,964 | ▲ 18.8% |
| Trade debts44 | €785 | €63,684 | €86,266 | ▲ 35.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,383 | €5,893 | €5,448 | ▼ 7.5% |
| + Depreciation and write-downs630 | €4,214 | €5,121 | €2,161 | ▼ 57.8% |
| Operating cash flow (approximation) | €10,597 | €11,014 | €7,609 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€13,955 | -€36,840 | ▼ 164% |
| Change in cash | - | €5,381 | -€1,816 | ▼ 134% |
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
2025
27-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Mons · event 20-10-2025
2022
25-03
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 21-03-2022
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet €5,448 ▼7.5%
Net result drops to €5,448, the lowest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 66 days late
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 372 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEPHANE BRUX RUE OMER LEFEVRE 36, 7100 LA
LOUVIERE- .
Date provisoire de cessation de paiement : 21/03/2022 |
21-03-2022 → 20-10-2025 |