Financials
- Fiscal year
- 2025
- Turnover
- €40.2m
- Profit
- €2.5m
- Solvency
- 28.4%
Turnover▲ 13.5%
Net result
20182025
AD ULTIMA
ActiveSummary
AD ULTIMA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.3m and a net result of €2.5m. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 4473 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Retail sale of information and communication equipment
NACE 47400NACE 47410NACE 62010
#8 employer in Kortrijk, Wholesale and retail trade sector1 site
Size
€40.2mturnover 2025
- Staff
- 114.8 FTE
- Equity
- €6.3m
- Profit
- €2.5m
Structure
- Parent
- AD ULTIMA INVEST · 100%
- Board
- 1 member
- Holdings
- 2
Auditor: BV PwC BedrijfsrevisorenAccounts 66 d early
Why 86- Liquidity: current ratio 1.52, cash €626,921, halved- 1 change of registered office in 24 months+ Figures for FY 2025 (filed 30-05-2026)+ Founded in 2000Show the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Better than 67% of its sector peers (NACE 47, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
53+14
equity 28.4% of total assets
Liquidity
36+7
short-term debt 38.4% · cash 2.8%
Profitability
76+7
return on assets 11.4%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 0.3%lowest value
10-2025: 0.3%● 0.0% vs 09-2025lowest value
11-2025: 0.5%▲ +67.9% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%● 0.0% vs 12-2025
02-2026: 0.5%▼ -3.5% vs 01-2026
03-2026: 0.5%● 0.0% vs 02-2026
04-2026: 0.5%▲ +4.2% vs 03-2026
05-2026: 0.7%▲ +21.6% vs 04-2026highest value
06-2026: 0.4%▼ -43.3% vs 05-2026
07-2026: 0.4%● 0.0% vs 06-2026
08-2026: 0.4%● 0.0% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%● 0.0% vs 09-2026
- Liquidity: current ratio 1.52, cash €626,921, halved raises the probability
- 1 change of registered office in 24 months raises the probability
- Figures for FY 2025 (filed 30-05-2026) lowers the probability
- Founded in 2000 lowers the probability for this profile
Credit up to €500,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 0.92 in 2024; short-term debt: 38.4% and cash: 2.8% of total assets), but 71.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, medium-sized). Better than this share of them on solvency 54%, liquidity 49%, profitability 79%, growth against the median 87%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
76 d early
2023
20 d early
2022
38 d early
2021
38 d early
2020
38 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Capital & shares · Resignations &…Permanent representative: BOSSUYT Filip ·…
- Equity above €5mEq €6.3m ▲66.8%
Key points
- Positive: Among the best 5% on net resultsector median €39,880 · 4,473 companies €2.5m View
- Positive: Equity rose in 2025from €3.8m to €6.3m ▲ 66.8% View
- 2 restructurings since 2024latest: merger with EX ARTE 2 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by AD ULTIMA INVESTultimately: 9altitudes Enterprise Solutions 100% View
- Positive: 4 years of growth in a rowturnover 2025: €40.2m 4 years View
By topic
Board & ownership
- Board
- 1 member
- Parent
- AD ULTIMA INVEST · 100%
- Auditor
- BV PwC Bedrijfsrevisoren
Go to Board & ownership
Network & group
- Group
- 9altitudes Enterprise Solutions
- Subsidiaries
- 2
- Connected companies
- 1
- Mergers and contributions
- 4
2 subsidiaries
Timeline
- Events
- 38
- Since
- 2003
- Next accounts
- by 31-07-2027
- 26-05-2026Annual accounts filed
- 02-03-2026Capital & shares · Resignations & appointments…
- 31-12-2025Equity above €5m
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Retail sale of information and communication equipmentNACE 47400
- Founded
- 07-09-2000
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De vennootschap heeft tot voorwerp, alleen of in samenwerking met derden, zowel in België…
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.