ACTIVE

UNDER

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Financial year 2025 · closed on 31/12/2025
Net result
2,2 k €
+315.3% YoY
Revenue
16,3 k €
+7.0% YoY
Equity
3,6 k €
+152.7% YoY

What does UNDER do?

UNDER is a Cooperative society incorporated in 2020. Its main activity is: Public relations and communication activities. Its registered office is in Uccle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0745.539.228
Incorporation
19/03/2020
Legal form
Cooperative society
Registered office
Avenue Guillaume Herinckx 74
1180 Uccle · BruxellesSee on map
Contributed capital
600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70210Public relations and communication activities· main73300Advertising and market research43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy+6
Signals
ProfitablePositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Revenue16,3 k €15,2 k €6,6 k €0 €
EBITDA9,4 k €6,2 k €1,4 k €0 €
Operating result2,2 k €723,2 €567,3 €0 €
Net result2,2 k €526,2 €313,9 €0 €
Balance sheet
Equity3,6 k €1,4 k €913,9 €600 €
Total assets25,3 k €24,9 k €4,4 k €600 €
Cash4,5 k €3,3 k €719,9 €600 €
Debts21,7 k €23,4 k €3,5 k €0 €
Other
Workforce–––0,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 12/12/2024 · 3 active

Active mandates

Christophe Delaere

Mandate

Active
Gilles Vanderstocken

Mandate

Active
Xavier Rambaud

Mandate

Active
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/2022
Closing of the financial year31/12/202512/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months12 months
Filing date14/04/202602/10/202504/06/202408/09/2023
General meeting18/03/202625/09/202518/05/202431/03/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202518/03/202614/04/2026FrenchPDF
Micro model12/12/202425/09/202502/10/2025FrenchPDF
Micro model31/12/202318/05/202404/06/2024FrenchPDF
Abridged model31/12/202231/03/202308/09/2023FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 12/12/2024 · 3 active

Active mandates

Christophe Delaere

Mandate

Active
Gilles Vanderstocken

Mandate

Active
Xavier Rambaud

Mandate

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office14/02/2022
    SIEGE SOCIAL
    PDF
  • Other23/03/2020
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 20252,2 k €↑
  2. 2024
    Annual accounts 2024526,2 €↑
  3. 2023
    Annual accounts 2023313,9 €↑
  4. 2022
    Annual accounts 20220 €
  5. 19/03/2020
    IncorporationCooperative society