Equity
€1.9m ▲ 51.5%
Equity rose in 2025 from €1.2m to €1.9m.
Ultimated
Lifetime
7 annual accounts with figures on one time axispeak €1.4m (2025)
€1.4m▲ 69.8%
lowest -€29,081 (2022)
€631,011▲ 49.9%
peak €1.9m (2025)
€1.9m▲ 51.5%
€1.3m▼ 6.2%
peak 6.6 FTE (2025)
6.6 FTE▲ 53.5%
Board9 names since 2018
4 directorsLuyckx Chantal Jos Paula and 3 others
Owners2 names in the annual accounts
51%DHS HOLDING
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from €853,023 to €1.4mResult from €421,022 to €631,011Staff from 4.3 FTE to 6.6 FTE4 directors appointed, 4 resignations, 1 statutory auditor re… 18-09Equity from €1.2m to €1.9mInvestments €69,952
Key points
from the 2025 annual accountsTurnover
≈ €6.1m estimated
The accounts state no turnover.
Investments
€34,952 6.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 1356.6% higher than in 2024.
Staff
9 employees on 31-12-2025
In 2025, 7 people joined and 3 left.
Filings
7 annual accounts 5 late
The 2019 accounts came latest: 69 days after the end of the period.
Position in the sector
€1.4m
Higher gross margin than 86% of companies in wholesale trade. Sector median €354,372 · 3,325 companies.
Checked score
86
Excellent
Financially stronger than 69% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.4%▼ -0.1 percentage points vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025
09-2025: 1.3%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.5%▼ -0.8 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.5%▼ -0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.2 percentage points vs 05-2026
07-2026: 0.9%▲ +0.2 percentage points vs 06-2026
08-2026: 1.2%▲ +0.3 percentage points vs 07-2026
09-2026: 0.4%▼ -0.8 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Figures for financial year 2025 (filed on 02-09-2026)
Profit of €631,011 (financial year 2025)
Equity €1.9m (58.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 65% of them on solvency, 36% on liquidity, 87% on profitability and 88% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Ultimated has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Ultimated itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Ultimated. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.32 (1.83 in 2024), above the usual 1.5. Short-term debt is 41.5% and cash 6.8% of total assets. 41.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
12 days early
2022
31 days late
2021
26 days late
2020
31 days early
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DHS HOLDING 51%score 92equity €31.6m (2025) · 2025 annual accounts of DHS HOLDING
- 3D-CONSULT 49%score 83equity €176,465 (2025) · deed of 12-01-2026
Recent changes
4 directors appointed, 4 resignations, 1 statutory auditor reappointed
Resignations: Paula Luyckx (chair of the board and director), Bram Van Campenhout, Jozef Luyckx and 3D-Consult BV · Permanent representative: Erwin Jennen · Appointments: Bram Van Campenhout, Jozef Luyckx, Erwin Jennen and Chantal LUYCKX (director and chair of the board) · General meeting of 02-09-2025 · Gazette deed
Amendment of the articles
General meeting of 24-10-2023 · Gazette deed
4 directors appointed, 4 resignations
Resignations: Wim Cools, Bram VAN CAMPENHOUT, Jozef LUYCKX and Paula LUYCKX · Appointments: Bram VAN CAMPENHOUT, Jozef LUYCKX, Paula LUYCKX and 3D-CONSULT BV · Permanent representative: Erwin JENNEN · General meeting of 23-04-2021 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0698859165
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ultimated Brecht | €3.2m | €1.4m | 58.4% | 6.6 |
| bestowin Wommelgem | €5.0m | €1.0m | 39.0% | 7.5 |
| BlooLoc Hasselt | €4.1m | €1.7m | 32.5% | 10.4 |
| FBGS INTERNATIONAL Geel | €2.3m | €1.9m | 80.2% | 10.6 |
| Rombit Europe Antwerp | €2.0m | €1.3m | -54.0% | 15 |
| GEOSIM Antwerp | €2.3m | €0.6m | 37.3% | 3.5 |
| LASERTOPO Zottegem | €2.7m | €1.7m | 36.9% | 14.5 |
These companies have the same main activity as Ultimated: wholesale trade (NACE 46646). They are comparable in size and age: total assets between €2m and €5m, founded between 2010 and 2016.
Official details
Source: KBO- Status
- Active since 27-06-2018Normal situation
- Activity
- Wholesale tradeNACE 46646
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.281.610.7392960 Brecht, since 09-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €3.2m▲ 20.7%
- Employeeson 31-12-2025
- 9▲ 80.0%
- Filing
- Filed on 31-08-2026
Insights on Ultimated
Ultimated has existed since 2018. The present size dates from 2023. The gross margin rose that year from €254,774 to €764,652.
The gross margin has grown every year since. Solvency rose in 2025 from 46.5% to 58.4% because of the retained profit.
DHS HOLDING holds 51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Ultimated
- What is the company number of Ultimated?
- The company number of Ultimated is 0698.859.165. The VAT number is the same number with BE in front: BE 0698.859.165.
- Where is Ultimated based?
- The registered office is at Abdijlaan 33, 2960 Brecht.Company details
- What does Ultimated do?
- According to the KBO register, the main activity is wholesale trade (NACE 46646).
- What is the legal form of Ultimated?
- Ultimated is a public limited company (NV).
- When was Ultimated founded?
- Ultimated was founded on 27-06-2018.
- Is Ultimated still active?
- Yes, Ultimated is an active enterprise in the KBO register.
- How many employees does Ultimated have?
- Ultimated had an average of 6.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Ultimated fall under?
- In its 2025 annual accounts, Ultimated states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Ultimated?
- The turnover in financial year 2025 is ≈ €6.1m. This figure is estimated from the gross margin of €1.4m and 98 comparable companies (NACE 46). It probably lies between €3.7m and €10.0m.
- Is Ultimated profitable?
- In financial year 2025, Ultimated made a profit of €631,011.
- Where can I find the annual accounts of Ultimated?
- Ultimated filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Ultimated due?
- Ultimated must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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