Underground Solutions
0825.315.590 · rovalta.com · 23/09/2026
NORMAL SITUATION
Underground Solutions
Financial year 2022 · closed on 05/10/2022
Net result
-30,3 k €
-129.4% YoY
Revenue
53,4 k €
-85.0% YoY
Equity
-406,8 k €
-8.0% YoY
Workforce
3,0 ETP
0.0% YoY
Company — Normal situation.
Overview
What does Underground Solutions do?
Underground Solutions is a company registered in Belgium. It employs on average 3,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0825.315.590
Legal form
Public limited company
Contributed capital
61 500,00 €
Latest accounts
05/10/2022
Average workforce
3,0 ETP
Joint committees (3)
- 124
- 200
- 218
Signals
Healthy social debts
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Financials
Trend over 12 financial years
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||
| Revenue | 53,4 k € | -85.0% | 357,5 k € | – | – | – | – | – | – | – | – | – | – | ||||||||||
| EBITDA | -30,4 k € | -127% | 112,3 k € | +387% | -39,1 k € | -759% | 5,9 k € | +231% | -4,6 k € | +6.4% | -4,9 k € | +98.1% | -256,8 k € | -7949% | -3,2 k € | -106% | 51 k € | +114% | -365,2 k € | -349% | 146,7 k € | +948% | 14 k € |
| Operating result | -30,4 k € | -127% | 112,3 k € | +387% | -39,1 k € | -759% | 5,9 k € | +231% | -4,6 k € | +6.4% | -4,9 k € | +98.1% | -256,8 k € | -7949% | -3,2 k € | -106% | 51 k € | +114% | -365,2 k € | -349% | 146,7 k € | +948% | 14 k € |
| Net result | -30,3 k € | -129% | 103,2 k € | +299% | -51,8 k € | -2377% | 2,3 k € | +129% | -8 k € | -311% | 3,8 k € | +101% | -253,9 k € | -2347% | -10,4 k € | -123% | 45,6 k € | +112% | -365,2 k € | -479% | 96,3 k € | +649% | 12,9 k € |
| Balance sheet | |||||||||||||||||||||||
| Equity | -406,8 k € | -8.0% | -376,5 k € | +20.9% | -476 k € | -13.3% | -420,2 k € | -0.7% | -417,4 k € | -1.9% | -409,4 k € | +0.9% | -413,2 k € | -159% | -159,3 k € | -7.0% | -148,9 k € | +23.4% | -194,5 k € | -214% | 170,7 k € | +130% | 74,4 k € |
| Total assets | 1,1 k € | -99.6% | 286,6 k € | +33.8% | 214,2 k € | -20.8% | 270,4 k € | -11.3% | 304,9 k € | -46.5% | 569,8 k € | -42.9% | 998 k € | -47.1% | 1,9 M € | +63.5% | 1,2 M € | +54.7% | 745,4 k € | -60.0% | 1,9 M € | +9.5% | 1,7 M € |
| Cash | 1 k € | -92.5% | 13,7 k € | +22.3% | 11,2 k € | -9.0% | 12,3 k € | -18.1% | 15 k € | +897% | 1,5 k € | -90.4% | 15,7 k € | -50.9% | 31,9 k € | +573% | 4,7 k € | -97.8% | 214,2 k € | -62.2% | 567 k € | +479% | 97,9 k € |
| Debts | 407,9 k € | -38.5% | 663,1 k € | -3.9% | 690,2 k € | +0.7% | 685,6 k € | -1.9% | 698,6 k € | -27.9% | 969,3 k € | -26.2% | 1,3 M € | -35.3% | 2 M € | +58.0% | 1,3 M € | +41.2% | 911,1 k € | -45.6% | 1,7 M € | +3.8% | 1,6 M € |
| Other | |||||||||||||||||||||||
| Workforce | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | +20.0% | 2,5 ETP | -10.7% | 2,8 ETP | -12.5% | 3,2 ETP | -28.9% | 4,5 ETP | -11.8% | 5,1 ETP | +27.5% | 4,0 ETP | +2.6% | 3,9 ETP | +11.4% | 3,5 ETP | -5.4% | 3,7 ETP |
Governance
Board of directors
Seen on filing of 05/10/2022 · 3 active · 20 ended
Financials
Annual accounts
Full financial information
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 | 01/01/2018 | 01/01/2017 |
| Closing of the financial year | 05/10/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | 31/12/2017 |
| Length of the financial year | 10 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 13/04/2023 | 20/09/2022 | 10/08/2021 | 08/10/2020 | 12/07/2019 | 04/07/2018 |
| General meeting | – | 31/08/2022 | 09/07/2021 | 08/09/2020 | 21/06/2019 | 15/06/2018 |
| 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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Annual accounts filings
13 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 05/10/2022 | — | 13/04/2023 | Dutch | |
| Full model | 31/12/2021 | 31/08/2022 | 20/09/2022 | Dutch | |
| Abridged model | 31/12/2020 | 09/07/2021 | 10/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 08/09/2020 | 08/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 21/06/2019 | 12/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 15/06/2018 | 04/07/2018 | Dutch | |
| Abridged modelCorrection | 31/12/2016 | 30/06/2017 | 29/09/2017 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 01/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 17/06/2016 | 31/08/2016 | Dutch | |
| Abridged model | 30/09/2014 | 11/03/2015 | 31/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 28/02/2014 | 28/03/2014 | Dutch | |
| Abridged model | 30/09/2012 | 14/03/2013 | 15/04/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/06/2012 | 16/07/2012 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 05/10/2022 · 3 active · 20 ended
Shareholders
Ownership and network
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2022Annual accounts 2022-30,3 k €↓
- 2021Annual accounts 2021103,2 k €↑
- 2020Annual accounts 2020-51,8 k €↓
- 2019Annual accounts 20192,3 k €↑
- 2018Annual accounts 2018-8 k €↓
- 2017Annual accounts 20173,8 k €↑
- 2016Annual accounts 2016-253,9 k €↓
- 2015Annual accounts 2015-10,4 k €↓
- 2014Annual accounts 201445,6 k €↑
- 2013Annual accounts 2013-365,2 k €↓
- 2012Annual accounts 201296,3 k €↑
- 2011Annual accounts 201112,9 k €