ULAS IMMO
ActiveULAS IMMO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €401k and a net result of €189k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 26062 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+69
Solvency26▼-2
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.86 in 2023), and 79.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 filingsDeviation from the deadline
2025
not confirmed
2024
89 d late
2023
86 d late
2022
92 d late
2021
337 d late
2020
328 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€189k▲ 933%
2023 · €18k
2018: €86k
2019: €72k
2020: €215k
2021: €20k
2022: €-124k
2023: €18k
2018 → 2024
Working capital
€-53k▲ 42.6%
2023 · €-92k
2018: €107k
2019: €137k
2020: €206k
2021: €80k
2022: €-73k
2023: €-92k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€501k-€403k▼ 19.5%€279k▼ 30.8%€297k▲ 6.5%€401k▲ 34.6%
Operating result€256k-€56k▼ 78.1%€-92k€15k€293k▲ 1,828%
Net result€215k-€20k▼ 90.6%€-124k€18k€189k▲ 933%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,828% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.92M
Fixed assets
€789k▲ 5.1%
Current assets
€1.13M▲ 98.3%
Equity and liabilities €1.92M
Equity
€401k▲ 34.6%
Debt
€1.52M▲ 48.3%
The debt ratio rises from 77.5% to 79.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€360k▲
2023 · €79k
Cash flow
€256k▲
2023 · €82k
Solvency
20.9%▼
2023 · 22.5%
Current ratio
0.96▲
2023 · 0.86
Quick ratio
0.81▲
2023 · 0.58
Debt / equity
3.78▲
2023 · 3.43
ROE
47.2%▲
2023 · 6.1%
ROA
9.9%▲
2023 · 1.4%
Interest coverage
14.88▲
2023 · 3.43
Debt
€1.52M▲
2023 · €1.02M
Debt ≤ 1 year
€1.18M▲
2023 · €660k
Debt > 1 year
€328k▼
2023 · €359k
Income taxes
€80k▲
2023 · €2k
Staff costs
€188k▲
2023 · €173k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.32M€1.92M▲
Fixed assets21/28€751k€789k▲
Intangible fixed assets21€12k€2k▼
Tangible fixed assets22/27€724k€772k▲
Land and buildings22€671k€686k▲
Plant, machinery and equipment23€36k€31k▼
Furniture and vehicles24€17k€54k▲
Financial fixed assets28€16k€16k=
Current assets29/58€568k€1.13M▲
Amounts receivable after more than one year29€142k€506k▲
Other amounts receivable291€142k€506k▲
Stocks and contracts in progress3€188k€172k▼
Stocks30/36€188k€172k▼
Amounts receivable within one year40/41€202k€421k▲
Trade receivables40€183k€421k▲
Other amounts receivable41€19k€375▼
Cash at bank and in hand54/58€37k€21k▼
Deferred charges and accrued income490/1€217€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.32M€1.92M▲
Equity10/15€297k€401k▲
Contributions10/11€19k€19k=
Reserves13€279k€382k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€277k€380k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.02M€1.52M▲
Amounts payable after more than one year17€359k€328k▼
Financial debts170/4€359k€328k▼
Amounts payable within one year42/48€660k€1.18M▲
Current portion of amounts payable after more than one year42€57k€73k▲
Financial debts43€2k€852▼
Credit institutions430/8€2k€852▼
Trade debts44€468k€816k▲
Suppliers440/4€468k€816k▲
Taxes, remuneration and social security45€126k€183k▲
Taxes450/3€75k€145k▲
Remuneration and social security454/9€51k€39k▼
Other amounts payable47/48€7k€107k▲
Accrued charges and deferred income492/3€3k€8k▲
Income statement
Code20232024
Remuneration, social security and pensions62€173k€188k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€67k▲
Other operating charges640/8€33k€28k▼
Gross operating margin9900€284k€576k▲
Operating profit (loss)9901€15k€293k▲
Financial income75/76B€28k€39▼
Recurring financial income75€28k€39▼
Non-recurring financial income76B€28k-
Financial charges65/66B€23k€24k▲
Recurring financial charges65€23k€24k▲
Profit (loss) for the period before taxes9903€20k€269k▲
Income taxes67/77€2k€80k▲
Profit (loss) for the period9904€18k€189k▲
Profit (loss) for the period to be appropriated9905€18k€189k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€189k▲
Profit (loss) brought forward from the previous period14P€-2k-
Transfer from equity791/2-€86k
Transfer to equity691/2€16k€189k▲
To other reserves6921€16k€189k▲
Profit to be distributed694/7-€86k
Return on contributions (dividend)694-€86k
Social balance
Average headcount (FTE)90875.7-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 86 days late
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 337 days late
2022
31-12
Financial
Weakest financial yearnet €-124k ▼713%
Net result drops to €-124k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 328 days late
2020
31-12
Financial
Highest result since 2018net €215k ▲200%
Net result €215k, the highest in the series.
31-12
Financial
Equity above €500kEq €501k ▲67.1%
3 profitable years in a row build equity to €501k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 128 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 90 days late
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 87 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Quaregnon · 1 establishment unit since 2008
Ground area
1,127 m²
Building footprint
203 m²
Parcel 53065B0582/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Ulas Food
since 20082.172.084.277
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53065B0582/00L000 | Wallonia | 1,127 m² | 1 · 203 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Serkan YILMAZ Statutory auditor | - → 18-11-2014 |
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Of 10,404 companies in sector 47110 we hold annual accounts for 5,784. 3,396 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2006
Fiscal year end31-12
Legal name FR
ULAS FOOD
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
47241Retail sale of bread and pastry (bakery outlets)
47260Retail trade
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.