ACTIVE

UGAM

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Financial year 2025 · closed on 30/06/2025

Net result

-46,7 k €

-723.9% YoY

Gross margin

-37 k €

-246.4% YoY

Equity

228,9 k €

-16.9% YoY

What does UGAM do?

UGAM is a Private limited company incorporated in 1997. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.772.467

Incorporation

03/06/1997

Legal form

Private limited company

Registered office

Pelikaanstraat 62
2018 Antwerpen · FlandreSee on map

Contributed capital

207 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

46761Wholesale of other intermediate products· main 46861Wholesale trade, except of motor vehicles and motorcycles 51561Air transport

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-37 k €	-246%	25,3 k €	+18.0%	21,4 k €	-5.0%	22,5 k €	+43.2%	15,8 k €	+6.4%	14,8 k €	-33.3%	22,2 k €	+28.3%	17,3 k €	-20.7%	21,8 k €	+140%	9,1 k €	+17.9%	7,7 k €	-3.5%	8 k €	-41.8%	13,7 k €	+31.0%	10,5 k €	-24.2%	13,8 k €	+239%	4,1 k €	-33.3%	6,1 k €	-55.4%	13,7 k €	+2.9%	13,3 k €
EBITDA	-38,7 k €	-264%	23,7 k €	+19.9%	19,7 k €	-2.3%	20,2 k €	+50.2%	13,4 k €	+45.8%	9,2 k €	-52.6%	19,4 k €	+31.7%	14,7 k €	-20.6%	18,6 k €	+149%	7,4 k €	+19.1%	6,2 k €	+25.9%	5 k €	-56.6%	11,4 k €	+30.7%	8,8 k €	-28.0%	12,2 k €	+397%	2,4 k €	-55.8%	5,5 k €	-53.9%	12 k €	-4.1%	12,5 k €
Operating result	-41,1 k €	-414%	13,1 k €	-26.5%	17,8 k €	-2.5%	18,3 k €	+38.6%	13,2 k €	+43.4%	9,2 k €	+724%	-1,5 k €	-110%	14,6 k €	-20.7%	18,4 k €	+165%	6,9 k €	+17.6%	5,9 k €	+31.0%	4,5 k €	+11.2%	4 k €	-49.8%	8,1 k €	-29.8%	11,5 k €	+388%	2,4 k €	+0.5%	2,3 k €	-73.7%	8,9 k €	+6.0%	8,4 k €
Net result	-46,7 k €	-724%	7,5 k €	-40.2%	12,5 k €	-0.8%	12,6 k €	+47.9%	8,5 k €	+83.2%	4,7 k €	+178%	-6 k €	-189%	6,7 k €	-28.2%	9,3 k €	+197%	3,1 k €	+31.7%	2,4 k €	-12.3%	2,7 k €	-29.5%	3,8 k €	-53.3%	8,2 k €	+102%	4,1 k €	+16829%	24 €	-96.2%	638,8 €	-86.5%	4,7 k €	+12.5%	4,2 k €
Balance sheet
Equity	228,9 k €	-16.9%	275,6 k €	+2.8%	268,1 k €	+4.9%	255,6 k €	+5.2%	243 k €	+3.6%	234,4 k €	+2.0%	229,8 k €	-2.5%	235,7 k €	+2.9%	229,1 k €	+4.2%	219,8 k €	+87.8%	117 k €	+2.1%	114,7 k €	-5.8%	121,7 k €	+3.3%	117,9 k €	+7.5%	109,6 k €	+3.8%	105,6 k €	+0.0%	105,6 k €	+0.6%	104,9 k €	+4.7%	100,2 k €
Total assets	808,7 k €	-20.7%	1 M €	+3.8%	982,5 k €	+3.9%	946 k €	-1.9%	964,3 k €	+0.7%	958 k €	-5.2%	1 M €	-26.2%	1,4 M €	+2.1%	1,3 M €	-8.7%	1,5 M €	+81.4%	810 k €	-37.9%	1,3 M €	+14.7%	1,1 M €	-6.3%	1,2 M €	-29.7%	1,7 M €	+8.7%	1,6 M €	+94.8%	815 k €	-24.1%	1,1 M €	-14.4%	1,3 M €
Cash	163,5 k €	-21.1%	207,4 k €	+47.4%	140,7 k €	-2.3%	144 k €	+24.7%	115,5 k €	-51.9%	240,3 k €	+49.5%	160,7 k €	+96.7%	81,7 k €	+143%	33,6 k €	-74.3%	130,9 k €	+203%	43,2 k €	-78.8%	203,8 k €	+231%	61,5 k €	+51.9%	40,5 k €	-63.6%	111,2 k €	+26.2%	88,1 k €	+13.4%	77,7 k €	-16.5%	93,1 k €	-33.5%	139,9 k €
Debts	579,8 k €	-22.1%	743,8 k €	+4.2%	713,9 k €	+3.5%	689,8 k €	-4.3%	720,8 k €	-0.4%	723,6 k €	-7.3%	780,8 k €	-31.1%	1,1 M €	+1.9%	1,1 M €	-11.0%	1,2 M €	+80.4%	693 k €	-41.8%	1,2 M €	+17.1%	1 M €	-7.3%	1,1 M €	-32.2%	1,6 M €	+9.0%	1,5 M €	+109%	709,5 k €	-26.7%	968,4 k €	-16.0%	1,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 3 ended

Active mandates

Udayan Sheth

Director

Active

Ended mandates

Sheth Udayan Kirtilal

Director

Ended

Uday Sheth

Director

Ended

UDAYAN SHETH

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/01/2026	06/12/2024	18/12/2023	05/01/2023	27/01/2022	25/01/2021
General meeting	04/12/2025	05/12/2024	07/12/2023	01/12/2022	02/12/2021	03/12/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	04/12/2025	26/01/2026	Dutch	PDF
Micro model	30/06/2024	05/12/2024	06/12/2024	Dutch	PDF
Micro model	30/06/2023	07/12/2023	18/12/2023	Dutch	PDF
Micro model	30/06/2022	01/12/2022	05/01/2023	Dutch	PDF
Micro model	30/06/2021	02/12/2021	27/01/2022	Dutch	PDF
Abridged model	30/06/2020	03/12/2020	25/01/2021	Dutch	PDF
Abridged model	30/06/2019	05/12/2019	13/12/2019	Dutch	PDF
Abridged model	30/06/2018	06/12/2018	10/12/2018	Dutch	PDF
Abridged model	30/06/2017	07/12/2017	12/01/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	05/12/2016	Dutch	PDF
Abridged model	30/06/2015	03/12/2015	04/12/2015	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	13/01/2015	Dutch	PDF
Abridged model	30/06/2013	05/12/2013	12/12/2013	Dutch	PDF
Abridged model	30/06/2012	06/12/2012	13/12/2012	Dutch	PDF
Abridged model	30/06/2011	01/12/2011	10/01/2012	Dutch	PDF
Abridged model	30/06/2010	02/12/2010	14/12/2010	Dutch	PDF
Abridged model	30/06/2009	03/12/2009	07/12/2009	Dutch	PDF
Abridged model	30/06/2008	04/12/2008	05/12/2008	Dutch	PDF
Abridged model	30/06/2007	06/12/2007	12/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 3 ended

Active mandates

Udayan Sheth

Director

Active

Ended mandates

Sheth Udayan Kirtilal

Director

Ended

Uday Sheth

Director

Ended

UDAYAN SHETH

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/11/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares09/05/2016
KAPITAAL - AANDELEN
PDF
Capital / shares26/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-46,7 k €↓
2024
Annual accounts 20247,5 k €↓
2023
Annual accounts 202312,5 k €↓
2022
Annual accounts 202212,6 k €↑
2021
Annual accounts 20218,5 k €↑
2020
Annual accounts 20204,7 k €↑
2019
Annual accounts 2019-6 k €↓
2018
Annual accounts 20186,7 k €↓
2017
Annual accounts 20179,3 k €↑
2016
Annual accounts 20163,1 k €↑
2015
Annual accounts 20152,4 k €↓
2014
Annual accounts 20142,7 k €↓
2013
Annual accounts 20133,8 k €↓
2012
Annual accounts 20128,2 k €↑
2011
Annual accounts 20114,1 k €↑
2010
Annual accounts 201024 €↓
2009
Annual accounts 2009638,8 €↓
2008
Annual accounts 20084,7 k €↑
2007
Annual accounts 20074,2 k €
03/06/1997
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

UGAM

Overview

What does UGAM do?

Trend over 19 financial years

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