Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for USTAD 26 according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €10k and a net result of €5k.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 eventsSignals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
2 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2022| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €9k |
| Net profit | €5k |
| Cash flow | €8k |
| Staff costs | €8k |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €12k |
| Equity | €10k |
| Debt | €2k |
| of which ≤ 1y | €2k |
| of which > 1y | - |
| Working capital | €3k |
| Employees (FTE) | 0.3 |
| 2022 | |
|---|---|
| Current ratio | 2.52 |
| Quick ratio | 2.52 |
| Working capital ratio | 28.4% |
| Solvency | 81.4% |
| Debt / equity | 0.23 |
| Long-term debt ratio | - |
| Interest coverage | 55.23 |
| Gross margin | - |
| Net margin | - |
| ROA | 36.8% |
| ROE | 45.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €12k |
| Fixed assets | 21/28 | €6k |
| Tangible fixed assets | 22/27 | €6k |
| Current assets | 29/58 | €6k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €12k |
| Equity | 10/15 | €10k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €8k |
| Amounts payable | 17/49 | €2k |
| Amounts payable within one year | 42/48 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €17k |
| Operating result | 9901 | €6k |
| Financial income | 75 | €100 |
| Financial charges | 65 | €166 |
| Result before taxes | 9903 | €6k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €5k |
| Result to be appropriated | 9905 | €5k |
Health barometer
FY 2022 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Directors
Directors & mandates
5 directors-
Current01-08-2025 → present
Former directors (4)
-
Former17-11-2023 → 01-08-2025
2 events
- 01-08-2025 Resigned· Director
- 17-11-2023 Appointed· Director
-
Former13-11-2020 → 17-11-2023
4 events
- 17-11-2023 Resigned· Director
- 02-06-2023 Appointed· Director
- 15-12-2020 Resigned· Director
- 13-11-2020 Appointed· Director
-
Former15-12-2020 → 02-06-2023
3 events
- 02-06-2023 Resigned· Director
- 15-12-2020 Appointed· Director
- 13-11-2020 Resigned· Director
-
Former22-01-2021 → 18-02-2021
2 events
- 18-02-2021 Resigned· Director
- 22-01-2021 Appointed· Director
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
21-01-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 24-10-2020 |
| Status | Active |
| Postal code | 2630 |
| First BS signal | 27-01-2026 |
| Latest BS signal | 27-01-2026 |
Structure & network
Connections & network
1 connected companyCompany structure: linked entities
1 linked entityLocations & real estate
Establishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0160/00S005 | Flanders | 226 m² | 1 · 60 m² | 9.2 m · 3 fl. |
| 21572C0024/00V011 | Brussels | 68 m² | 1 · 62 m² | 15.8 m · 4 fl. |
Publications
Lifecycle & Insolvency Signals
1 event from the State GazetteTime machine: BS events + macro context
2021-2026Belgisch Staatsblad · acts
8 acts19-01-2026 Transaction in capital or shares
06-12-2023 1 director appointed, 1 resigning
14-06-2023 1 director appointed, 1 resigning
10-03-2021 Transaction in capital or shares
01-02-2021 Guclu Ramazan appointed as director
23-12-2020 Transaction in capital or shares
20-11-2020 Transaction in capital or shares
28-10-2020 Incorporation of a new SRL
Analysis
Snowflake analysis
financial profile on 5 axesMixed profile: strong on profitability, weaker on stability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
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Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | USTAD 26 |