Checked.be
Active
BE 0425.769.127Private limited company
USIREC
Rue des Emailleries 1 ·6041 Charleroi, Belgium· 42 yrs active
Sector: Manufacture of fabricated metal products, except machinery and equipment
(25639)
Conclusion
USIREC has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208k and a net result of €-51k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 87% of 1855 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €208k |
| Net result | €-51k |
| Staff (FTE) | 2 |
| Better than sector | 87% |
Financial profile
57
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1984, 42 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
93
2021
93
2022
52
2023
100
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.65 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.46 (≥ 1.0)
+5
Leverage
Debt/equity 0.19 (< 1.0)
+10
Profitability
Negatieve ROE -24%
-10
Interest coverage
Interest coverage -73.6× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±2.1%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 84.1% | 45.5% | |
| Net result | €-51k | €12k | |
| Equity | €208k | €77k | |
| Gross operating margin | €157k | €49k | |
| Staff costs | €194k | €43k |
€-39k
-
21-25
€-51k
-
21-25
€-40k
-
21-25
€248k
-18.2%
21-25
€208k
-19.6%
21-25
€182k
-18.3%
21-25
2
0.0%
21-25
€194k
-5.3%
21-25
€2k
-71.6%
21-25
€39k
-9.9%
21-25
€39k
-9.9%
21-25
5.65
-7.8%
21-25
3.46
-24.0%
21-25
84.1%
-1.7%
21-25
0.19
+12.2%
21-25
-24.4%
-
21-25
-20.6%
-
21-25
-73.59
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-39k | €58k | €-30k | €46k | €37k |
| Net profit | €-51k | €41k | €-43k | €33k | €34k |
| Cash flow | €-40k | €53k | €-32k | €36k | €38k |
| Staff costs | €194k | €204k | €193k | €174k | €168k |
| Income taxes | €2k | €6k | €2k | €11k | - |
| Dividends | - | - | - | - | - |
| Total assets | €248k | €303k | €255k | €305k | €282k |
| Equity | €208k | €259k | €218k | €261k | €228k |
| Debt | €39k | €44k | €37k | €44k | €55k |
| of which ≤ 1y | €39k | €44k | €36k | €44k | €55k |
| of which > 1y | - | - | - | - | - |
| Working capital | €182k | €223k | €183k | €257k | €221k |
| Employees (FTE) | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 5.65 | 6.12 | 6.04 | 6.90 | 5.05 |
| Quick ratio | 3.46 | 4.55 | 4.40 | 5.49 | 3.23 |
| Working capital ratio | 73.7% | 73.7% | 71.9% | 84.4% | 78.3% |
| Solvency | 84.1% | 85.6% | 85.6% | 85.7% | 80.6% |
| Debt / equity | 0.19 | 0.17 | 0.17 | 0.17 | 0.24 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -73.59 | 301.61 | -34.98 | 102.39 | 79.73 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -20.6% | 13.5% | -16.7% | 10.9% | 12.1% |
| ROE | -24.4% | 15.8% | -19.6% | 12.7% | 15.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €248k | €303k | €255k | €305k | €282k |
| Fixed assets | 21/28 | €26k | €36k | €35k | €4k | €7k |
| Tangible fixed assets | 22/27 | €26k | €36k | €35k | €4k | €6k |
| Financial fixed assets | 28 | €200 | €200 | €200 | €200 | €200 |
| Current assets | 29/58 | €222k | €267k | €220k | €301k | €276k |
| Stocks & contracts in progress | 3 | €86k | €69k | €60k | €61k | €99k |
| Amounts receivable within one year | 40/41 | €48k | €48k | €75k | €69k | €51k |
| Cash & bank | 54/58 | €87k | €149k | €83k | €170k | €126k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €248k | €303k | €255k | €305k | €282k |
| Equity | 10/15 | €208k | €259k | €218k | €261k | €228k |
| Contributions / capital | 10/11 | €25k | €25k | €25k | €25k | €25k |
| Reserves | 13 | €183k | €234k | €193k | €236k | €203k |
| Amounts payable | 17/49 | €39k | €44k | €37k | €44k | €55k |
| Amounts payable within one year | 42/48 | €39k | €44k | €36k | €44k | €55k |
| Trade debts payable within one year | 44 | €18k | €8k | €10k | €11k | €42k |
| Income statement | ||||||
| Gross operating margin | 9900 | €157k | €271k | €173k | €229k | €210k |
| Operating result | 9901 | €-50k | €46k | €-41k | €43k | €33k |
| Financial income | 75 | €1k | €1k | €2k | €1k | €2k |
| Financial charges | 65 | €528 | €192 | €866 | €447 | €460 |
| Result before taxes | 9903 | €-49k | €47k | €-41k | €44k | €34k |
| Income taxes | 67/77 | €2k | €6k | €2k | €11k | - |
| Net result for the period | 9904 | €-51k | €41k | €-43k | €33k | €34k |
| Result to be appropriated | 9905 | €-51k | €41k | €-43k | €33k | €34k |
Directors & mandates
Current directors & mandates
-
Monsieur GUERET Philippe Louis Fernand GustaveAdministrateur non statutaireState Gazette act 23309662 (31-01-2023)Current31-01-2023 → present
Legal Structure
| NACE primary | Manufacture of fabricated metal products, except machinery and equipment(25639) |
| Legal form | Private limited company(610) |
| Incorporation | 11-05-1984 |
| Status | Active |
| Postal code | 6041 |
Establishment units
USIREC
since 19842.084.301.554
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0388/05Y002 | Wallonia | 3,184 m² | - | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet €-51k ▼224%
Net result drops to €-51k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-01
State Gazette act
Director changes
v3.2
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 3 years ago
2023
31-01-2023 Monsieur GUERET Philippe Louis Fernand Gustave appointed as administrateur non statutaire
- Monsieur GUERET Philippe Louis Fernand Gustave, Administrateur non statutaire
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur non statutaire",
"person": {
"rrn": null,
"name": "Monsieur GUERET Philippe Louis Fernand Gustave",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0425.769.127",
"name_full": "USIREC"
}
}Credit advice
Company registry (CBE)
Activities
Machining of metals25530Manufacture of fabricated metal products, except machinery and equipment256392852028620Manufacture of fabricated metal products, except machinery and equipment25631
Names & trade names
| Legal nameFR | USIREC |
Similar companies
LASTEK BELGIUM
BE 0453.518.847 · Herentals
Etablissements Joseph Paulus
BE 0405.685.870 · Welkenraedt
MAGEDIAM
BE 0472.510.061 · Trois-Ponts
DARDENNE
BE 0417.890.153 · Herstal
DVS Seamtech
BE 0549.811.539 · Kalmthout