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 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
URBAN DEVELOPMENT SERVICES from Kortrijk, company number BE0763469281, closed financial year 2025 with a result of € 105,746 after tax. For that financial year URBAN DEVELOPMENT SERVICES recorded a gross margin of € 165,338 and equity of € 151,313. Compared with financial year 2024, the result moved from € 71,892 to € 105,746. Profitable, and profit is growing. 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 July 10, 2026.
€ 151,313
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 105,746
▲ 47% vs 2024
Profit after tax over the fiscal year.
€ 17,954
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 142,198 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 56,471
▲ € 49,525 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 143,260
▼ 9% vs 2024
€ 15,135 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1,759
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,622
▼ 44% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 139,588 | € 114,537 | € 121,886 | € 165,338 | ▲ 36% |
| Profit after taxes | € 94,612 | € 40,956 | € 71,892 | € 105,746 | ▲ 47% |
| Equity | € 146,809 | € 187,765 | € 187,765 | € 151,313 | ▼ 19% |
| Total debts | € 49,355 | € 347,899 | € 272,599 | € 242,261 | ▼ 11% |
| Cash | € 163,725 | € 56,551 | € 123,744 | € 17,954 | ▼ 85% |
| Land & buildings | - | € 319,154 | € 302,531 | € 285,908 | ▼ 5% |
| Retained profit | € 136,809 | € 177,765 | € 177,765 | € 141,313 | ▼ 21% |
| Dividend | € 0 | € 0 | € 71,892 | € 142,198 | ▲ 98% |
| Bank debt | € 0 | € 296,625 | € 157,751 | € 143,260 | ▼ 9% |
| Balance sheet total | € 196,165 | € 535,665 | € 460,364 | € 393,574 | ▼ 15% |
Key figures of URBAN DEVELOPMENT SERVICES, 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 July 2027.
What happened to URBAN DEVELOPMENT SERVICES?
What happened at URBAN DEVELOPMENT SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 105,746 (▲ 47% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Kortrijk. KBO
In short
From € 94,612 profit in 2022 to € 105,746 profit in 2025.
Paid € 105,859 in corporate taxes since 2022.
Best year ever: 2025, with € 105,746 profit.
Paid out € 214,089 in dividends to the owners in total.
Management
Behind URBAN DEVELOPMENT SERVICES are Westgraaf and Bart Putman. The same people are also behind SP Real Estate. Bart Putman is also behind WESTGRAAF.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Sint-Elooisdreef(Kor) 26
8500 Kortrijk
Serruysstraat(Heu) 14
8501 Kortrijk
Active since 10 February 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- PUTMAN Bart(oprichter) 100%
Details
- Company number
- 0763.469.281
- VAT number
- BE 0763.469.281
- Registered office
- Sint-Elooisdreef(Kor) 26, 8500 Kortrijk
- Names & denominations
- URBAN DEVELOPMENT SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 February 2021
- Peppol
- Active · Active since 18 Dec 2024
- Activities · NACE
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