Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
UCO from Kortrijk, company number BE0457983322, closed financial year 2026 with a result of € -17.5 million after tax. For that financial year UCO recorded revenue of € 286,633 and equity of € 27.5 million. Compared with financial year 2025, the result moved from € 223,748 to € -17.5 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ 27.5 million
▼ 39% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17.5 million
▼ still € 223,748 profit in 2025
Profit after tax over the fiscal year.
€ 9,155
▼ 48% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 9 million.
People and assets in 2026
1.5
Average over the fiscal year, from the social balance sheet.
€ 34,147
▲ 5% vs 2025
€ 22,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 367
▼ 86% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 18.2 million
▲ 37% vs 2025
€ 2.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 153,416
▲ 90% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 107 days on average.
€ 8,711
▲ 3% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 259,666 | € 369,315 | € 232,896 | € 286,633 | ▲ 23% |
| Profit after taxes | € 515,095 | € -12,389,724 | € 223,748 | € -17,476,985 | ▼ € 17.7 million |
| Equity | € 57,127,157 | € 44,737,433 | € 44,961,180 | € 27,484,196 | ▼ 39% |
| Total debts | € 24,842,638 | € 19,527,660 | € 18,819,293 | € 22,632,540 | ▲ 20% |
| Cash | € 17,136 | € 11,412 | € 17,701 | € 9,155 | ▼ 48% |
| Retained profit | € 38,627,157 | € 26,237,433 | € 26,461,180 | € 8,984,196 | ▼ 66% |
| Bank debt | € 13,265,698 | € 13,336,628 | € 13,312,658 | € 18,227,709 | ▲ 37% |
| Balance sheet total | € 81,969,795 | € 64,265,093 | € 63,780,473 | € 50,116,735 | ▼ 21% |
| Employees (FTE) | 1.5 | 1.5 | 1.5 | 1.5 |
Key figures of UCO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to UCO?
What happened at UCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DAPITEX NV stepped down as director. NBB
- Philippe Vlerick stepped down as director. NBB
- Henri - Jean Velge stepped down as director. NBB
- David Vlerick stepped down as director. NBB
- GPN - INVEST stepped down as director. NBB
- SOCOFI NV stepped down as director. NBB
- Katrien Mattelaer stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 17.5 million (▼ € 17.7 million vs 2025). Source: NBB ↗
In short
From € 515,095 profit in 2023 to € 17.5 million loss in 2026.
Paid € 2,663 in corporate taxes since 2023.
Best year ever: 2023, with € 515,095 profit.
Pays suppliers within 107 days on average.
Management
It owns 75% of BMH, 50% of S.C. UCO Tesatura S.R.L., 50% of Raymond Uco Denim Private Limited, 35.1% of ARGUEL SA, 25.2% of CONCORDIA TEXTILES and 25.2% of CONCORDIA Pacific ltd itself.
Directors
According to the 2026 annual accounts
since 2024 · until 2027
since 2024 · until 2027
Director · represented by Pierre HANET
Also active at: RAMI SERVICES, THE HEALTHWORKS COMPANY, SEAFAR, Het Sportburo
since 2025 · until 2028
Philippe Vlerick
Chairman of the board
Also active at: BESIX Group, LVD COMPANY, Cecan, POINT, BELGIAN INTERNATIONAL CARPET C°, VOBIS FINANCE, MIDELCO, LVD - INVEST +8 more
since 2025 · until 2028
Henri - Jean Velge
Director
since 2025 · until 2028
Director · represented by Alain VERMEERSCH
Also active at: RAMI SERVICES, AESCO, SUN INVEST, UCO RAYMOND DENIM HOLDING
since 2024 · until 2027
Katrien Mattelaer
Director
since 2024 · until 2027
Establishments
Establishment units
Physical locations of this company
Doorniksewijk(Kor) 49
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →B.M.H. same network
Belgo-Indian Chamber of Commerce and Industry
Cecan same network
€ -838,803 gross margin · 2025
VOBIS FINANCE same network
MIDELCO same network
€ 1.2 million revenue · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.983.322
- VAT number
- BE 0457.983.322
- Registered office
- Doorniksewijk(Kor) 49, 8500 Kortrijk
- Names & denominations
- UCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 1996
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Weven van textiel
Groothandel in weefsels, stoffen en fournituren
Groothandel in textiel
Activiteiten van holdings
Holdings