ACTIVE

U.S.G. Invest

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Financial year 2025 · Closed on 31/12/2025

Net result-639,1 k €-237,0 %over 1 year

Gross margin-3,3 k €-108,0 %over 1 year

Equity48,9 M €-10,3 %over 1 year

Workforce0,6 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

U.S.G. Invest is a Public limited company incorporated in 1991. Its main activity is: Activities of holding companies. Its registered office is in Dessel. It employs on average 0,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0445.586.722
Incorporation: 17/10/1991
Legal form: Public limited company
Registered office: Stenehei 30 box 4
2480 Dessel · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,6 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Joint committees (1)

32300

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-3,3 k €	-108%	41,3 k €		–		–		–
EBITDA	-129,9 k €	-90.5%	-68,2 k €	+71.6%	-240 k €	+57.4%	-563,2 k €	-1576%	-33,6 k €
Operating result	-398,9 k €	+13.8%	-463 k €	+26.6%	-630,6 k €	+32.6%	-936,1 k €	-126%	-414,8 k €
Net result	-639,1 k €	-237%	466,4 k €	+135%	-1,3 M €	-3477%	-37,2 k €	-100%	43,5 M €
Balance sheet
Equity	48,9 M €	-10.3%	54,6 M €	+0.9%	54,1 M €	-4.1%	56,4 M €	-5.1%	59,5 M €
Total assets	51,1 M €	-10.6%	57,1 M €	+0.4%	56,9 M €	-6.8%	61,1 M €	-5.2%	64,5 M €
Cash	5,8 M €	+311%	1,4 M €	-17.2%	1,7 M €	-71.7%	6 M €	-35.1%	9,3 M €
Debts	2,1 M €	-16.4%	2,5 M €	-9.9%	2,8 M €	-39.6%	4,7 M €	-5.1%	4,9 M €
Other
Workforce	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 16 ended

Active mandates

Elisabeth Julien

Director · since 25 juin 2010 · until 25 juin 2028

Active

Michiel Hehenkamp

Managing director · since 25 juin 2010 · until 23 juin 2028

Active

Ended mandates

Elisabeth Julien

Director · since 25 juin 2016 · until 25 juin 2022

Ended

Elisabeth Julien

Director · since 25 juin 2016 · until 01 juin 2028

Ended

Michiel Hehenkamp

Managing director · since 25 juin 2016 · until 25 juin 2022

Ended

Michiel Hehenkamp

Managing director · since 25 juin 2016 · until 01 juin 2028

Ended

Other companies at this address

Stenehei 30 2480 Dessel

Company	CBE no.
Bosair● Active	0502.702.597
CSP Engineering● Active	0451.447.797
Daily Bread● Active	0881.279.642
E.L.C. Lighting● Active	0876.600.678
Graspop● Active	0460.530.363
IJSMAN● Active	0462.166.297
K.F.O.● Active	0478.869.501
PUBLICA● Active	0425.724.387
TRUSS-CONCEPT● Active	0846.250.170

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	25/08/2025	30/08/2024	31/10/2023	02/11/2022	30/09/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	25/08/2025	Dutch	PDF
Full model	31/12/2023	06/06/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	31/10/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	02/11/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	30/09/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	25/06/2018	27/11/2018	Dutch	PDF
Full model	31/12/2016	26/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	25/06/2016	30/08/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	31/07/2015	Dutch	PDF
Full model	31/12/2013	25/06/2014	25/07/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	03/07/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	21/06/2012	Dutch	PDF
Full model	31/12/2010	29/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	05/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 16 ended

Active mandates

Elisabeth Julien

Director · since 25 juin 2010 · until 25 juin 2028

Active

Michiel Hehenkamp

Managing director · since 25 juin 2010 · until 23 juin 2028

Active

Ended mandates

Elisabeth Julien

Director · since 25 juin 2016 · until 25 juin 2022

Ended

Elisabeth Julien

Director · since 25 juin 2016 · until 01 juin 2028

Ended

Michiel Hehenkamp

Managing director · since 25 juin 2016 · until 25 juin 2022

Ended

Michiel Hehenkamp

Managing director · since 25 juin 2016 · until 01 juin 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/06/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Other29/01/2018
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office02/01/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/09/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other08/03/2010
STATUTENWIJZIGING .
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-639,1 k €↓
2024
Annual accounts 2024466,4 k €↑
2023
Annual accounts 2023-1,3 M €↓
2022
Annual accounts 2022-37,2 k €↓
02/06/2022
reconductionMichiel Hehenkamp — bestuurder
02/06/2022
reconductionElisabeth Julien — bestuurder
2021
Annual accounts 202143,5 M €↑
2020
Annual accounts 202040,9 k €↑
2019
Annual accounts 2019-98,2 k €↓
2018
Annual accounts 2018-36,8 k €↓
2017
Annual accounts 20175 M €↑
2016
Annual accounts 2016-2,3 k €↓
2015
Annual accounts 201563 k €↓
2014
Annual accounts 20149,6 M €↑
2013
Annual accounts 2013-95,6 k €↓
2012
Annual accounts 2012942 k €↓
2011
Annual accounts 20111,4 M €↓
2010
Annual accounts 20102 M €↓
2009
Annual accounts 20092,7 M €↑
2008
Annual accounts 2008309,1 k €↑
2007
Annual accounts 200793,8 k €↑
2006
Annual accounts 200667,9 k €
17/10/1991
IncorporationPublic limited company

U.S.G. Invest

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline