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NG ULBEEK

Active
Private limited company (pre-2019)founded 198837 yrs activeUlbeekstraat 20, 3832 Wellen, BelgiumKBO/BCE: BE 0435.637.094
Summary

NG ULBEEK has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9,233 and a net result of -€4,225. Equity is shrinking by ~21.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 16% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
NG ULBEEKActiveChecked score 63/100
Risk analysis ReportCompare

Overview

Activity
Photography, excluding press photography
NACE 74201NACE 74811
#3 oldest company in Wellen, Professional and technical services sector1 site
Size
€259,244total assets 2024
Equity
€9,233
Loss
-€4,225
Turnover not published (abridged schema)
Financial health
63 Healthy Checked score 2024
Bankruptcy chance 12 m
1.4%
Structure
Accounts 67 d overdue0 of 1 deed read
Why 63- Figures for FY 2024 (filed 25-09-2025)+ Size: total assets €259,244+ Sector Other professional, scientific and technical activities (NACE 74)+ Founded in 1988Show the evidence

Checked score

Score 2024
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 29% of its sector peers (NACE 74, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 29=
equity 3.6% of total assets
Liquidity 54-4
short-term debt 11.1% · cash 4.1%
Profitability 67-14
return on assets -1.6%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,407 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%▼ -1.8% vs 12-2024 02-2025: 0.4%● 0.0% vs 01-2025 03-2025: 0.4%▼ -1.6% vs 02-2025 04-2025: 0.4%▼ -1.9% vs 03-2025lowest value 05-2025: 0.4%▲ +0.8% vs 04-2025 06-2025: 0.4%▲ +10.7% vs 05-2025 07-2025: 0.5%▲ +27.8% vs 06-2025 08-2025: 0.7%▲ +34.7% vs 07-2025 09-2025: 0.9%▲ +20.8% vs 08-2025 10-2025: 0.6%▼ -27.8% vs 09-2025 11-2025: 0.6%● 0.0% vs 10-2025 12-2025: 0.6%● 0.0% vs 11-2025 01-2026: 0.6%▼ -1.8% vs 12-2025 02-2026: 0.6%● 0.0% vs 01-2026 03-2026: 0.6%▼ -1.5% vs 02-2026 04-2026: 0.6%▼ -1.7% vs 03-2026 05-2026: 0.6%▼ -5.3% vs 04-2026 06-2026: 0.6%▲ +10.4% vs 05-2026 07-2026: 0.7%▲ +13.6% vs 06-2026 08-2026: 1.0%▲ +46.2% vs 07-2026 09-2026: 1.2%▲ +16.2% vs 08-2026 10-2026: 1.4%▲ +17.0% vs 09-2026highest value
  • Figures for FY 2024 (filed 25-09-2025) raises the probability
  • Size: total assets €259,244 lowers the probability for this profile
  • Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
  • Founded in 1988 lowers the probability for this profile
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.65 in 2023; short-term debt: 11.1% and cash: 4.1% of total assets), and 96.4% 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 74, micro). Better than this share of them on solvency 17%, liquidity 44%, profitability 36%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 25-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €259,244
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Other professional, scientific and technical activities (NACE 74)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Founded in 1988
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 4345 sector peers (2024).
NBB · sector comparison
Position among 4345 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
56 d late
2023
68 d late
2022
31 d late
2021
58 d late
2020
31 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 56 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Back to profitnet €30,406

Key points

  • Caution: Among the weakest 16% on solvencysector median 50.3% · 4,345 companies 3.6% View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Active since 1988founded 15-10-1988 37 years View

By topic

Financials

Fiscal year
2024
Total assets
€259,244
Loss
-€4,225
Solvency
3.6%
Total assets▼ 14.2%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 25-09-2025Annual accounts filed
  2. 07-10-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Photography, excluding press photographyNACE 74201
Founded
15-10-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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