Bankrupt · Opening faillissement (CBE)

uLaw

BE0696639548

Rechtspersoon Private limited company 2 establishments

Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde

Behind the company: Laurent SAUTE.

Start date

18 May 2018

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 2 of the last 2 fiscal years.

  • Two loss years in a row NBB

    Negative result in 2021 and 2022.

  • Tight liquidity NBB

    Cash and receivables cover 40 % of short-term debt in 2022; threshold 65 %.

  • Busy address KBO

    58 other companies have their registered office at the same address; threshold 10.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

uLaw from Watermaal-Bosvoorde, company number BE0696639548, closed financial year 2022 with a result of € -120,724 after tax. For that financial year uLaw recorded a gross margin of € -101,374 and equity of € -129,288. Compared with financial year 2021, the result moved from € -177,602 to € -120,724. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2023.

What it is worth Caution

€ -129,288

▼ € 120,724 vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -120,724

▲ 32 % less loss than in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 19,599

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -384,288.

People and assets in 2022

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 30,646

▼ 32% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt ≈ 3 years to go

€ 172,387

▼ 10% vs 2021

€ 60,573 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 24,217

▲ 230% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € -146,304 € -101,374 ▲ € 44,930
Profit after taxes € -177,602 € -120,724 ▲ € 56,878
Equity € -8,564 € -129,288 ▼ € 120,724
Total debts € 213,182 € 197,115 ▼ 8%
Cash - € 19,599
Retained profit € -263,564 € -384,288 ▼ € 120,724
Bank debt € 191,621 € 172,387 ▼ 10%
Balance sheet total € 204,618 € 67,827 ▼ 67%
Employees (FTE) 0.3 -

Key figures of uLaw, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to uLaw?

What happened at uLaw in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

uLaw is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: loss of € 120,724. filed late Source: NBB ↗
  • New establishment in Enghien. KBO
  • Laurent SAUTE became a director. NBB
  • New establishment in Watermaal-Bosvoorde. KBO
  • Start of the company according to the CBE. KBO

In short

From € 177,602 loss in 2021 to € 120,724 loss in 2022.

Management

WAPI 2020 3.3%

The stake of WAPI 2020 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

uLaw

Behind uLaw is Laurent SAUTE. The shares are held by WAPI 2020 (3.3%).

Directors

According to the 2022 annual accounts

Laurent SAUTE

Director

since 2020

Shareholders

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Terhulpsesteenweg 185

1170 Watermaal-Bosvoorde

2.318.456.386

Grote Plaats(E) 50

7850 Enghien

Active since 21 May 2021

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0696.639.548
VAT number
BE 0696.639.548
Registered office
Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde
Names & denominations
uLaw
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
18 May 2018
Peppol
Not registered

Frequently asked questions

What is the address of uLaw?
The registered office of uLaw is located at Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde.
Is uLaw still active?
No. The CBE lists uLaw with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is uLaw registered on Peppol?
No, uLaw is currently not registered on the Peppol network.
What is the enterprise number of uLaw?
The enterprise number of uLaw is BE0696639548.
When was uLaw founded?
uLaw was founded on 18 May 2018.
Who owns uLaw?
Behind uLaw is Laurent SAUTE. The shares are held by WAPI 2020 (3.3%).