Ulens
ActiveSummary
Ulens has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €195,626 and a net result of €46,872. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 57% of 2943 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+1
Solvency76▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.66 in 2023; short-term debt: 49.4% and cash: 41.6% of total assets), and 49.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
14 d late
2022
on the day
2021
65 d early
2020
41 d early
2019
49 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€195,626▲ 21.0%
2023 · €161,618
Total assets
€386,794▼ 0.8%
2023 · €389,748
Net result
€46,872▲ 3.3%
2023 · €45,359
Working capital
€183,191▲ 22.4%
2023 · €149,666
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€39,322▲ 32.6%€33,391▼ 15.1%€61,722▲ 84.8%€68,103▲ 10.3%€70,532▲ 3.6%
Net result€22,893within the sector's middle half▲ 54.8%€19,372below the sector's middle half▼ 15.4%€38,349within the sector's middle half▲ 98.0%€45,359within the sector's middle half▲ 18.3%€46,872within the sector's middle half▲ 3.3%
Equity€113,747within the sector's middle half▲ 25.2%€105,279below the sector's middle half▼ 7.4%€128,629within the sector's middle half▲ 22.2%€161,618within the sector's middle half▲ 25.6%€195,626within the sector's middle half▲ 21.0%
Total assets€236,001below the sector's middle half▲ 13.8%€270,763below the sector's middle half▲ 14.7%€344,137below the sector's middle half▲ 27.1%€389,748below the sector's middle half▲ 13.3%€386,794below the sector's middle half▼ 0.8%
Debt€122,253▲ 4.9%€165,484▲ 35.4%€215,508▲ 30.2%€228,130▲ 5.9%€191,168▼ 16.2%
Working capital€101,318within the sector's middle half▲ 40.3%€95,037within the sector's middle half▼ 6.2%€115,933within the sector's middle half▲ 22.0%€149,666within the sector's middle half▲ 29.1%€183,191within the sector's middle half▲ 22.4%
Solvency48.2%within the sector's middle half▲ 4.4pp38.9%within the sector's middle half▼ 9.3pp37.4%within the sector's middle half▼ 1.5pp41.5%within the sector's middle half▲ 4.1pp50.6%within the sector's middle half▲ 9.1pp
Current ratio1.83within the sector's middle half▲ 0.211.58within the sector's middle half▼ 0.251.54within the sector's middle half▼ 0.041.66within the sector's middle half▲ 0.121.96within the sector's middle half▲ 0.30
Return on assets (ROA)9.7%within the sector's middle half▲ 2.6pp7.2%within the sector's middle half▼ 2.5pp11.1%within the sector's middle half▲ 4.0pp11.6%within the sector's middle half▲ 0.5pp12.1%within the sector's middle half▲ 0.5pp
Staff (FTE)4.9within the sector's middle half=5.7within the sector's middle half▲ 16.3%5.8within the sector's middle half▲ 1.8%4.5within the sector's middle half▼ 22.4%4.5within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €386,794
Fixed assets
€12,435 ▲ 4.0%
Current assets
€374,359 ▼ 0.9%
Equity and liabilities €386,794
Equity
€195,626 ▲ 21.0%
Debt
€191,168 ▼ 16.2%
Debt's share of the balance-sheet total falls from 58.5% to 49.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75,983▲
2023 · €73,998
Cash flow
€52,323▲
2023 · €51,254
Debt to equity
0.98▼
2023 · 1.41
ROE
24.0%▼
2023 · 28.1%
Interest coverage
38.76▲
2023 · 30.82
Debt ≤ 1 year
€191,168▼
2023 · €228,130
Income taxes
€21,784▼
2023 · €22,351
Staff costs
€288,575▼
2023 · €307,665
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,525 | €2,365 | €1,473 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €329,475 | €326,181 | €307,665 | €288,575 | ▼ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,501 | €8,362 | €5,765 | €5,895 | €5,451 | ▼ 7.5% |
| Other operating charges640/8 | - | €2,536 | €2,222 | €1,898 | €2,441 | ▲ 28.6% |
| Gross operating margin9900 | €341,325 | €373,764 | €395,889 | €383,561 | €366,999 | ▼ 4.3% |
| Operating profit (loss)9901 | €39,322 | €33,391 | €61,722 | €68,103 | €70,532 | ▲ 3.6% |
| Financial income75/76B | - | €0 | €6 | €2,008 | €85 | ▼ 95.8% |
| Recurring financial income75 | €162 | €0 | €6 | €2,008 | €85 | ▼ 95.8% |
| Financial charges65/66B | - | €2,472 | €3,020 | €2,401 | €1,960 | ▼ 18.3% |
| Recurring financial charges65 | €1,749 | €2,472 | €3,020 | €2,401 | €1,960 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €37,734 | €30,920 | €58,708 | €67,710 | €68,656 | ▲ 1.4% |
| Income taxes67/77 | €14,841 | €11,548 | €20,359 | €22,351 | €21,784 | ▼ 2.5% |
| Profit (loss) for the period9904 | €22,893 | €19,372 | €38,349 | €45,359 | €46,872 | ▲ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €22,893 | €19,372 | €38,349 | €45,359 | €46,872 | ▲ 3.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236,001 | €270,763 | €344,137 | €389,748 | €386,794 | ▼ 0.8% |
| Fixed assets21/28 | €12,429 | €11,072 | €12,736 | €11,952 | €12,435 | ▲ 4.0% |
| Tangible fixed assets22/27 | €12,429 | €11,072 | €12,736 | €11,952 | €12,435 | ▲ 4.0% |
| Plant, machinery and equipment23 | - | €835 | €662 | €488 | €315 | ▼ 35.5% |
| Furniture and vehicles24 | - | €7,962 | €11,160 | €11,464 | €12,120 | ▲ 5.7% |
| Other tangible fixed assets26 | - | €2,275 | €915 | €0 | - | - |
| Current assets29/58 | €223,572 | €259,691 | €331,401 | €377,796 | €374,359 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €130,248 | €140,063 | €169,606 | €186,031 | €179,744 | ▼ 3.4% |
| Trade receivables40 | - | €140,063 | €169,606 | €186,031 | €179,744 | ▼ 3.4% |
| Cash at bank and in hand54/58 | €64,099 | €83,387 | €125,117 | €149,988 | €161,053 | ▲ 7.4% |
| Deferred charges and accrued income490/1 | - | €36,242 | €36,678 | €41,777 | €33,562 | ▼ 19.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236,001 | €270,763 | €344,137 | €389,748 | €386,794 | ▼ 0.8% |
| Equity10/15 | €113,747 | €105,279 | €128,629 | €161,618 | €195,626 | ▲ 21.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €95,147 | €86,679 | €110,029 | €143,018 | €177,026 | ▲ 23.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €84,819 | €108,169 | €141,158 | €175,166 | ▲ 24.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €122,253 | €165,484 | €215,508 | €228,130 | €191,168 | ▼ 16.2% |
| Amounts payable within one year42/48 | €122,253 | €164,654 | €215,468 | €228,130 | €191,168 | ▼ 16.2% |
| Trade debts44 | €50,485 | €88,087 | €104,552 | €126,991 | €89,302 | ▼ 29.7% |
| Suppliers440/4 | - | €88,087 | €104,552 | €126,991 | €89,302 | ▼ 29.7% |
| Taxes, remuneration and social security45 | - | €60,276 | €95,367 | €88,762 | €87,592 | ▼ 1.3% |
| Taxes450/3 | - | €24,518 | €56,940 | €60,100 | €51,510 | ▼ 14.3% |
| Remuneration and social security454/9 | - | €35,758 | €38,426 | €28,663 | €36,081 | ▲ 25.9% |
| Other amounts payable47/48 | - | €16,291 | €15,549 | €12,376 | €14,274 | ▲ 15.3% |
| Accrued charges and deferred income492/3 | - | €830 | €41 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,893 | €19,372 | €38,349 | €45,359 | €46,872 | ▲ 3.3% |
| + Depreciation and write-downs630 | €11,501 | €8,362 | €5,765 | €5,895 | €5,451 | ▼ 7.5% |
| Operating cash flow (approximation) | €34,394 | €27,734 | €44,114 | €51,254 | €52,323 | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | -€7,005 | -€7,429 | -€5,111 | -€5,934 | ▼ 16.1% |
| Change in cash | - | €19,288 | €41,730 | €24,871 | €11,064 | ▼ 55.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
17-08
State Gazette act
Board meeting · Power of attorney
Other statement
17-08
State Gazette act
Incorporation · Founder
Legal form clause · Name clause
04-08
State Gazette act
General meeting · Statutes amendment
Capital conversion · Reserve release
17-07
State Gazette act
Incorporation · Founder
Name clause · Legal form clause
20-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €46,872 ▲3.3%
Operating result €70,532, net result €46,872, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Equity above €150,000Eq €161,618 ▲25.6%
6 profitable years in a row build equity to €161,618.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Equity above €100,000Eq €113,747 ▲25.2%
3 profitable years in a row build equity to €113,747.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
28-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lubbeek · 1 establishment unit since 2010
Ground area
1,923 m²
Building footprint
266 m²
Parcel 24063A0003/00G002, Flanders. Linked by address, not a title deed.
1 establishment unit
Markiezenlaan(LIN) 5, 3210 Lubbeek
since 20102.194.446.143
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063A0003/00G002 | Flanders | 1,923 m² | 1 · 266 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- QUEESTE
- Ulens
Highest known parent: QUEESTE. The sources do not say who stands above it.
Owners 1
- QUEESTEparentSourceaccounts QUEESTE 202499%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,256 EUR awarded · 4,256 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 195 EUR | 195 EUR |
| 2024 | 2 | 2,321 EUR | 2,321 EUR |
| 2023 | 1 | 1,020 EUR | 1,020 EUR |
| 2022 | 1 | 720 EUR | 720 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,394 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889084875
Registered
27-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.