us-e
ActiveSummary
For us-e, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €184k and a net result of €-44k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 8568 sector peers (fiscal year 2023). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability9▼-69
Solvency58▼-36
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six 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 · 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 2023Solvency, return and age of the figures
Solvency
33.4%
Return on assets
-8.1%
Age of the figures
33 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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
not filed
2023
30 d late
2022
3 d early
2021
107 d late
2020
26 d late
2019
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€184k▼ 29.4%
2022 · €260k
2018: €520khighest in 6 years
2019: €233k▼ -55.2% vs 2018
2020: €222k▼ -4.7% vs 2019
2021: €232k▲ +4.6% vs 2020
2022: €260k▲ +12.2% vs 2021
2023: €184k▼ -29.4% vs 2022lowest in 6 years
2018 → 2023
Total assets
€550k▲ 44.7%
2022 · €380k
2018: €733khighest in 6 years
2019: €395k▼ -46.2% vs 2018
2020: €372k▼ -5.7% vs 2019
2021: €352k▼ -5.4% vs 2020lowest in 6 years
2022: €380k▲ +7.9% vs 2021
2023: €550k▲ +44.7% vs 2022
2018 → 2023
Net result
€-44k
2022 · €28k
2018: €-2k
2019: €-287k▼ -16315% vs 2018lowest in 6 years
2020: €-11k▲ +96.2% vs 2019
2021: €10k▲ +195% vs 2020
2022: €28k▲ +174% vs 2021highest in 6 years
2023: €-44k▼ -257% vs 2022
2018 → 2023
Working capital
€-163k
2022 · €270k
2018: €89k
2019: €229k▲ +158% vs 2018
2020: €224k▼ -2.1% vs 2019
2021: €220k▼ -1.7% vs 2020
2022: €270k▲ +22.8% vs 2021highest in 6 years
2023: €-163k▼ -160% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€233k-€222k▼ 4.7%€232k▲ 4.6%€260k▲ 12.2%€184k▼ 29.4%
2019: €233k
2020: €222k▼ -4.7% vs 2019
2021: €232k▲ +4.6% vs 2020
2022: €260k▲ +12.2% vs 2021highest in 5 years
2023: €184k▼ -29.4% vs 2022lowest in 5 years
Operating result€-443k-€-16k▲ 96.5%€5k€42k▲ 681%€-44k
2019: €-443klowest in 5 years
2020: €-16k▲ +96.5% vs 2019
2021: €5k▲ +135% vs 2020
2022: €42k▲ +681% vs 2021highest in 5 years
2023: €-44k▼ -205% vs 2022
Net result€-287k-€-11k▲ 96.2%€10k€28k▲ 174%€-44k
2019: €-287klowest in 5 years
2020: €-11k▲ +96.2% vs 2019
2021: €10k▲ +195% vs 2020
2022: €28k▲ +174% vs 2021highest in 5 years
2023: €-44k▼ -257% vs 2022
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 2023: a loss of €44k after €42k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €550k
Fixed assets
€451k ▲ 355%
Current assets
€99k ▼ 64.8%
Equity and liabilities €550k
Equity
€184k ▼ 29.4%
Debt
€366k ▲ 207%
Debt's share of the balance-sheet total rises from 31.4% to 66.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-25k▼
2022 · €58k
Cash flow
€-26k▼
2022 · €44k
Current ratio
0.38▼
2022 · 26.73
Debt to equity
1.99▲
2022 · 0.46
ROE
-24.2%▼
2022 · 10.9%
ROA
-8.1%▼
2022 · 7.4%
Interest coverage
-79.81▼
2022 · 9.82
Debt ≤ 1 year
€262k▲
2022 · €11k
Debt > 1 year
€76k▼
2022 · €109k
Income taxes
€-153▼
2022 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 50 lines
Balance sheet
Code20222023
Assets
Total assets20/58€380k€550k▲
Fixed assets21/28€99k€451k▲
Tangible fixed assets22/27€99k€451k▲
Land and buildings22€99k€80k▼
Assets under construction and advance payments27-€371k
Current assets29/58€281k€99k▼
Amounts receivable after more than one year29€42k€0▼
Other amounts receivable291€42k€0▼
Amounts receivable within one year40/41€162k€55k▼
Other amounts receivable41€162k€55k▼
Cash at bank and in hand54/58€76k€44k▼
Equity and liabilities
Total equity and liabilities10/49€380k€550k▲
Equity10/15€260k€184k▼
Contributions10/11€19k€62k▲
Capital10€19k€62k▲
Issued capital100€19k€62k▲
Reserves13€137k€79k▼
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€122k€64k▼
Profit (loss) carried forward14€105k€43k▼
Amounts payable17/49€119k€366k▲
Amounts payable after more than one year17€109k€76k▼
Financial debts170/4€109k€76k▼
Amounts payable within one year42/48€11k€262k▲
Current portion of amounts payable after more than one year42-€16k
Trade debts44-€44k
Suppliers440/4-€44k
Taxes, remuneration and social security45€11k€0▼
Taxes450/3€11k€0▼
Other amounts payable47/48-€201k
Accrued charges and deferred income492/3-€28k
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-55k€0▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€5k€-24k▼
Operating profit (loss)9901€42k€-44k▼
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€6k€319▼
Recurring financial charges65€6k€319▼
Profit (loss) for the period before taxes9903€39k€-45k▼
Income taxes67/77€11k€-153▼
Profit (loss) for the period9904€28k€-44k▼
Profit (loss) for the period to be appropriated9905€28k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€105k€60k▼
Profit (loss) brought forward from the previous period14P€76k€105k▲
Transfer from equity791/2-€58k
Profit to be distributed694/7-€75k
Return on contributions (dividend)694-€75k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €19k | - | €16k | €19k | ▲ 16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-55k | €0 | ▲ 100% |
| Other operating charges640/8 | - | - | €2k | €2k | €2k | ▲ 8.6% |
| Gross operating margin9900 | €7k | €6k | €7k | €5k | €-24k | ▼ 580% |
| Operating profit (loss)9901 | €-443k | €-16k | €5k | €42k | €-44k | ▼ 205% |
| Financial income75/76B | - | - | €7k | €3k | €0 | ▼ 100% |
| Recurring financial income75 | - | €8k | €7k | €3k | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €2k | €6k | €319 | ▼ 94.6% |
| Recurring financial charges65 | €3k | €3k | €2k | €6k | €319 | ▼ 94.6% |
| Profit (loss) for the period before taxes9903 | €-445k | €-11k | €11k | €39k | €-45k | ▼ 215% |
| Income taxes67/77 | €19k | - | €601 | €11k | €-153 | ▼ 101% |
| Profit (loss) for the period9904 | €-287k | €-11k | €10k | €28k | €-44k | ▼ 257% |
| Profit (loss) for the period to be appropriated9905 | €74k | €-11k | €10k | €28k | €-44k | ▼ 257% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395k | €372k | €352k | €380k | €550k | ▲ 44.7% |
| Fixed assets21/28 | €133k | €114k | €115k | €99k | €451k | ▲ 355% |
| Tangible fixed assets22/27 | €133k | €114k | €115k | €99k | €451k | ▲ 355% |
| Land and buildings22 | - | - | €115k | €99k | €80k | ▼ 19.0% |
| Assets under construction and advance payments27 | - | - | - | - | €371k | - |
| Current assets29/58 | €262k | €258k | €237k | €281k | €99k | ▼ 64.8% |
| Amounts receivable after more than one year29 | - | - | €83k | €42k | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €83k | €42k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €211k | €135k | €153k | €162k | €55k | ▼ 66.0% |
| Other amounts receivable41 | - | - | €153k | €162k | €55k | ▼ 66.0% |
| Cash at bank and in hand54/58 | €51k | €268 | €133 | €76k | €44k | ▼ 42.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395k | €372k | €352k | €380k | €550k | ▲ 44.7% |
| Equity10/15 | €233k | €222k | €232k | €260k | €184k | ▼ 29.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €62k | ▲ 228% |
| Capital10 | - | - | €19k | €19k | €62k | ▲ 228% |
| Issued capital100 | - | - | €19k | €19k | €62k | ▲ 228% |
| Reserves13 | €137k | €137k | €137k | €137k | €79k | ▼ 42.3% |
| Non-distributable reserves130/1 | - | - | €15k | €15k | €15k | = |
| Legal reserve130 | - | - | €15k | €15k | €15k | = |
| Distributable reserves133 | - | - | €122k | €122k | €64k | ▼ 47.5% |
| Profit (loss) carried forward14 | €77k | €66k | €76k | €105k | €43k | ▼ 58.7% |
| Amounts payable17/49 | €162k | €150k | €120k | €119k | €366k | ▲ 207% |
| Amounts payable after more than one year17 | €129k | €116k | €103k | €109k | €76k | ▼ 29.8% |
| Financial debts170/4 | - | - | €103k | €109k | €76k | ▼ 29.8% |
| Amounts payable within one year42/48 | €33k | €34k | €17k | €11k | €262k | ▲ 2,393% |
| Current portion of amounts payable after more than one year42 | - | - | €16k | - | €16k | - |
| Trade debts44 | - | €1k | €381 | - | €44k | - |
| Suppliers440/4 | - | - | €381 | - | €44k | - |
| Taxes, remuneration and social security45 | - | - | - | €11k | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €11k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | €201k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €28k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-287k | €-11k | €10k | €28k | €-44k | ▼ 257% |
| + Depreciation and write-downs630 | €28k | €19k | - | €16k | €19k | ▲ 16.3% |
| Operating cash flow (approximation) | €-260k | €8k | €10k | €44k | €-26k | ▼ 158% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €-371k | - |
| Change in cash | - | €-50k | €-135 | €76k | €-33k | ▼ 143% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €28k ▲174%
Operating result €42k, net result €28k, both a record.
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Weakest financial yearnet €-287k
Net result drops to €-287k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 7.94
Current ratio from 3.47 to 7.94; short-term debt falls from €36k to €33k.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lokeren · 1 establishment unit since 1985
Ground area
2,082 m²
Building footprint
852 m²
Parcel 46007D0847/00D000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Us-e
since 19852.026.825.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007D0847/00D000 | Flanders | 2,082 m² | 1 · 852 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.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,031 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
Founded13-06-1984
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.