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 46 % of short-term debt in 2025; 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 2025
UCO from Kortrijk, company number BE0457983322, closed financial year 2025 with a result of € 223,748 after tax. For that financial year UCO recorded revenue of € 232,896 and equity of € 45 million. Compared with financial year 2024, the result moved from € -12.4 million to € 223,748. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 13, 2025.
€ 45 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 223,748
▲ still € 12.4 million loss in 2024
Profit after tax over the fiscal year.
€ 17,701
▲ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 26.5 million.
People and assets in 2025
1.5
Average over the fiscal year, from the social balance sheet.
€ 32,492
▲ 7% vs 2024
€ 21,700 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.
€ 2,611
▼ 75% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.3 million
€ 2.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 80,589
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 8,432
▲ 6% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 148,846 | € 259,666 | € 369,315 | € 232,896 | ▼ 37% |
| Profit after taxes | € -13,837 | € 515,095 | € -12,389,724 | € 223,748 | ▲ € 12.6 million |
| Equity | € 56,612,061 | € 57,127,157 | € 44,737,433 | € 44,961,180 | ▲ 1% |
| Total debts | € 20,731,666 | € 24,842,638 | € 19,527,660 | € 18,819,293 | ▼ 4% |
| Cash | € 27,474 | € 17,136 | € 11,412 | € 17,701 | ▲ 55% |
| Retained profit | € 38,112,061 | € 38,627,157 | € 26,237,433 | € 26,461,180 | ▲ 1% |
| Bank debt | € 10,751,502 | € 13,265,698 | € 13,336,628 | € 13,312,658 | |
| Balance sheet total | € 77,343,727 | € 81,969,795 | € 64,265,093 | € 63,780,473 | ▼ 1% |
| Employees (FTE) | 3.6 | 1.5 | 1.5 | 1.5 |
Key figures of UCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to UCO?
What happened at UCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- 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 2025: profit of € 223,748. Source: NBB ↗
- GPN - INVEST became a director. NBB
- DAPITEX NV stepped down as director. NBB
- Philippe Vlerick stepped down as director. NBB
In short
From € 13,837 loss in 2022 to € 223,748 profit in 2025.
Paid € 2,484 in corporate taxes since 2022.
Best year ever: 2023, with € 515,095 profit.
Pays suppliers within 55 days on average.
A new publication or filing at UCO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
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 2025 annual accounts
since 2024 · until 2028
since 2025 · until 2028
Director · represented by Pierre HANET
Also active at: RAMI SERVICES, THE HEALTHWORKS COMPANY, SEAFAR, Het Sportburo
since 2022 · until 2025
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 2022 · until 2025
Henri - Jean Velge
Director
since 2022 · until 2025
Director · represented by Alain VERMEERSCH
Also active at: RAMI SERVICES, AESCO, SUN INVEST, UCO RAYMOND DENIM HOLDING
since 2024 · until 2028
Katrien Mattelaer
Director
since 2024 · until 2028
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