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<ReportingInfo version="1.0">
	<fromDate>2025-01-01</fromDate>
	<toDate>2025-12-31</toDate>
	<createDate>2026-04-29</createDate>
	<personName>УСТРЕМ ХОЛДИНГ АД</personName>
	<persontype>Емитент на облигации</persontype>
	<eik>831717584</eik>
	<represents>Явор Венциславов Ангелов</represents>
	<representsType>Изпълнителен директор</representsType>
	<addressMain>гр. София, бул. Симеоновско Шосе 85з, вх. А, офис 9</addressMain>
	<addressCorrespondence>гр. София, бул. Симеоновско Шосе 85з, вх. А, офис 9</addressCorrespondence>
	<telephone>02/9440699</telephone>
	<email>office@severkoop.com</email>
	<website>http://ustremholding.com</website>
	<media>www.infostock.bg</media>
	<creator>Счетоводна Кантора Бахарян,  чрез Такухи Бахарян

</creator>
	<position>Управител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<machines>548</machines>
					</propertiesEquipment>
					<investProperties>4656</investProperties>
					<intangibleAssets/>
					<commercialReputation>
						<positive>22202</positive>
					</commercialReputation>
					<finAssets>
						<investIn>
							<otherBusinesses>100</otherBusinesses>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<futureExpenses>203</futureExpenses>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>23880</materials>
						<workInProgress>171</workInProgress>
					</inventories>
					<tradeReceivables>
						<receivablesCustomersSuppliers>457</receivablesCustomersSuppliers>
						<advancesGranted>2608</advancesGranted>
						<receivablesGrantedCommercialLoans>55633</receivablesGrantedCommercialLoans>
						<taxRecovery>22</taxRecovery>
						<others>1778</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>12045</others>
						</finAssetsKeptForTrading>
						<others>14628</others>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>486</finAssetsTimeDeposits>
						<moneyEquivalents>252</moneyEquivalents>
					</cashAndCashEquivalents>
					<futureExpenses>91</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>3979</registeredContributedCapital>
						<ordinaryShares>3979</ordinaryShares>
					</capitalStock>
					<reserves>
						<premReserves>7</premReserves>
						<targetReserve>
							<generalReserves>135</generalReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>8711</retainedEarnings>
							<uncoveredLoss>-174</uncoveredLoss>
							<oneTimeEffectChangesAccountingPolicy>-67</oneTimeEffectChangesAccountingPolicy>
						</accumulatedProfit>
						<currentProfit>289</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>48000</bondLoans>
					</commercialOtherObligations>
					<deferredTaxLiabilities>737</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>36519</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>621</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>14413</obligationsRelatedEnterprises>
							<obligationsReceivedCommercialLoans>19738</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>6413</obligationsSuppliersCustomers>
							<dutiesStaff>21</dutiesStaff>
							<obligationsInsuranceCompanies>8</obligationsInsuranceCompanies>
							<taxObligations>22</taxObligations>
						</currentObligations>
						<others>388</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<machines>549</machines>
					</propertiesEquipment>
					<investProperties>4665</investProperties>
					<intangibleAssets/>
					<commercialReputation>
						<positive>22202</positive>
					</commercialReputation>
					<finAssets>
						<investIn>
							<otherBusinesses>100</otherBusinesses>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<futureExpenses>162</futureExpenses>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>22517</materials>
					</inventories>
					<tradeReceivables>
						<advancesGranted>6115</advancesGranted>
						<receivablesGrantedCommercialLoans>46493</receivablesGrantedCommercialLoans>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>11977</others>
						</finAssetsKeptForTrading>
						<others>14278</others>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>11</finAssetsCash>
						<finAssetsTimeDeposits>863</finAssetsTimeDeposits>
						<moneyEquivalents>252</moneyEquivalents>
					</cashAndCashEquivalents>
					<futureExpenses>80</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>3979</registeredContributedCapital>
						<ordinaryShares>3979</ordinaryShares>
					</capitalStock>
					<reserves>
						<premReserves>7</premReserves>
						<targetReserve>
							<generalReserves>10</generalReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>3721</retainedEarnings>
							<uncoveredLoss>-174</uncoveredLoss>
							<oneTimeEffectChangesAccountingPolicy>-67</oneTimeEffectChangesAccountingPolicy>
						</accumulatedProfit>
						<currentProfit>5115</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>48000</bondLoans>
					</commercialOtherObligations>
					<deferredTaxLiabilities>632</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentPartNonCurrentLiabilities>863</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>7533</obligationsRelatedEnterprises>
							<obligationsReceivedCommercialLoans>59666</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>628</obligationsSuppliersCustomers>
							<dutiesStaff>37</dutiesStaff>
							<obligationsInsuranceCompanies>8</obligationsInsuranceCompanies>
							<taxObligations>306</taxObligations>
						</currentObligations>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>8</costOfMaterials>
						<costsForExternalServices>2724</costsForExternalServices>
						<depreciationExpenses>10</depreciationExpenses>
						<remunerationExpenses>195</remunerationExpenses>
						<insuranceCosts>28</insuranceCosts>
						<others>235</others>
						<impairmentOfAssets>79</impairmentOfAssets>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>4322</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>138</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>92</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expensesForCurrentCorporateIncomeTaxes>7</expensesForCurrentCorporateIncomeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>105</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>2208</services>
						<others>1430</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>3834</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>681</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>15</costOfMaterials>
						<costsForExternalServices>2862</costsForExternalServices>
						<depreciationExpenses>9</depreciationExpenses>
						<remunerationExpenses>268</remunerationExpenses>
						<insuranceCosts>27</insuranceCosts>
						<others>191</others>
						<impairmentOfAssets>191</impairmentOfAssets>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>4443</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>1713</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>58</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>518</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>2106</services>
						<others>3851</others>
					</netRevenueFromSales>
					<incomeFromFinancing>22</incomeFromFinancing>
					<incomeFromFinancingOfGovernment>22</incomeFromFinancingOfGovernment>
					<financialIncome>
						<interestIncome>2215</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>7025</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>2673</receiptsFromCustomers>
				<paymentsToSuppliers>-2904</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-439</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>46</taxesPaidRefunded>
				<otherReceiptsPaymentsFromOperationalActivity>1382</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<loansGranted>-2785</loansGranted>
				<receivedInterestOnLoansGranted>144</receivedInterestOnLoansGranted>
				<purchaseOfInvestments>-4267</purchaseOfInvestments>
				<proceedsFromSaleOfInvestments>3119</proceedsFromSaleOfInvestments>
				<otherReceiptsPaymentsFromInvestmentActivity>275</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>46478</proceedsFromLoans>
				<loansPaid>-40947</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-3080</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-83</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>1126</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd/>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>822</receiptsFromCustomers>
				<paymentsToSuppliers>-2975</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-261</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>301</taxesPaidRefunded>
				<corporateIncomeTaxesPaid>-257</corporateIncomeTaxesPaid>
				<otherReceiptsPaymentsFromOperationalActivity>-1965</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<proceedsFromTheSaleOfFixedAssets>0</proceedsFromTheSaleOfFixedAssets>
				<loansGranted>-5193</loansGranted>
				<reimbursedGrantedLoans>31</reimbursedGrantedLoans>
				<receivedInterestOnLoansGranted>726</receivedInterestOnLoansGranted>
				<purchaseOfInvestments>-47987</purchaseOfInvestments>
				<proceedsFromSaleOfInvestments>15103</proceedsFromSaleOfInvestments>
				<otherReceiptsPaymentsFromInvestmentActivity>20516</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>48011</proceedsFromLoans>
				<loansPaid>-23284</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-3409</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-35</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>982</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd/>
		</previous>
	</cashFlows>
	<capital>
		<capitalStock>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</capitalStock>
		<premiumReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</premiumReserve>
		<reserveFromSubsequentValuations>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</reserveFromSubsequentValuations>
		<generalTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>125</otherAmendments>
		</generalTargetReserves>
		<specializedTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</specializedTargetReserves>
		<otherTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances>
				<effectOfChangesInAccountingPolicy>-67</effectOfChangesInAccountingPolicy>
			</changesInOpeningBalances>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>-125</otherAmendments>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</minorityParticipation>
	</capital>
</ReportingInfo>