ULP-I
ActiveSummary
ULP-I has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.41M and a net result of €531k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+14
Solvency35▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.11 in 2024; short-term debt: 89.6% and cash: 0% of total assets), and 89.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.1%
Return on assets
1.2%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
38 d early
2023
44 d early
2022
32 d early
2021
9 d early
2020
30 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.41M▲ 13.7%
2024 · €3.88M
2018: €873k
2019: €817k▼ -6.4% vs 2018
2020: €671k▼ -17.9% vs 2019lowest in 8 years
2021: €4.91M▲ +633% vs 2020
2022: €4.93M▲ +0.4% vs 2021
2023: €5.61M▲ +13.7% vs 2022highest in 8 years
2024: €3.88M▼ -30.9% vs 2023
2025: €4.41M▲ +13.7% vs 2024
2018 → 2025
Total assets
€43.52M▲ 6.5%
2024 · €40.87M
2018: €34.19Mlowest in 8 years
2019: €37.92M▲ +10.9% vs 2018
2020: €53.17M▲ +40.2% vs 2019highest in 8 years
2021: €44.54M▼ -16.2% vs 2020
2022: €47.51M▲ +6.7% vs 2021
2023: €45.05M▼ -5.2% vs 2022
2024: €40.87M▼ -9.3% vs 2023
2025: €43.52M▲ +6.5% vs 2024
2018 → 2025
Net result
€531k
2024 · €-1.73M
2018: €-5k
2019: €-56k▼ -1124% vs 2018
2020: €-147k▼ -162% vs 2019
2021: €4.24M▲ +2995% vs 2020highest in 8 years
2022: €20k▼ -99.5% vs 2021
2023: €678k▲ +3355% vs 2022
2024: €-1.73M▼ -356% vs 2023lowest in 8 years
2025: €531k▲ +131% vs 2024
2018 → 2025
Working capital
€4.34M▲ 11.2%
2024 · €3.90M
2018: €1.71M
2019: €-914k▼ -153% vs 2018lowest in 8 years
2020: €-589k▲ +35.6% vs 2019
2021: €2.19M▲ +473% vs 2020
2022: €4.10M▲ +86.7% vs 2021
2023: €4.40M▲ +7.5% vs 2022highest in 8 years
2024: €3.90M▼ -11.4% vs 2023
2025: €4.34M▲ +11.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.91M-€4.93M▲ 0.4%€5.61M▲ 13.7%€3.88M▼ 30.9%€4.41M▲ 13.7%
2021: €4.91M
2022: €4.93M▲ +0.4% vs 2021
2023: €5.61M▲ +13.7% vs 2022highest in 5 years
2024: €3.88M▼ -30.9% vs 2023lowest in 5 years
2025: €4.41M▲ +13.7% vs 2024
Operating result€5.84M-€629k▼ 89.2%€2.48M▲ 294%€2.05M▼ 17.2%€852k▼ 58.5%
2021: €5.84Mhighest in 5 years
2022: €629k▼ -89.2% vs 2021lowest in 5 years
2023: €2.48M▲ +294% vs 2022
2024: €2.05M▼ -17.2% vs 2023
2025: €852k▼ -58.5% vs 2024
Net result€4.24M-€20k▼ 99.5%€678k▲ 3,355%€-1.73M€531k
2021: €4.24Mhighest in 5 years
2022: €20k▼ -99.5% vs 2021
2023: €678k▲ +3355% vs 2022
2024: €-1.73M▼ -356% vs 2023lowest in 5 years
2025: €531k▲ +131% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43.52M
Fixed assets
€186k =
Current assets
€43.33M ▲ 6.5%
Equity and liabilities €43.52M
Equity
€4.41M ▲ 13.7%
Debt
€39.11M ▲ 5.7%
Debt's share of the balance-sheet total falls from 90.5% to 89.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.11▲
2024 · 1.11
Quick ratio
0.09▲
2024 · 0.07
Debt to equity
8.87▼
2024 · 9.55
ROE
12.1%▲
2024 · -44.8%
ROA
1.2%▲
2024 · -4.2%
Debt ≤ 1 year
€39.00M▲
2024 · €36.79M
Debt > 1 year
€106k▼
2024 · €198k
Income taxes
€196k▲
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€40.87M€43.52M▲
Fixed assets21/28€186k€186k=
Financial fixed assets28€186k€186k=
Current assets29/58€40.68M€43.33M▲
Stocks and contracts in progress3€38.18M€39.96M▲
Stocks30/36€38.18M€39.96M▲
Amounts receivable within one year40/41€2.38M€3.36M▲
Trade receivables40€124k€281k▲
Other amounts receivable41€2.25M€3.08M▲
Cash at bank and in hand54/58€106k€8k▼
Deferred charges and accrued income490/1€20k€1k▼
Equity and liabilities
Total equity and liabilities10/49€40.87M€43.52M▲
Equity10/15€3.88M€4.41M▲
Contributions10/11€900k€900k=
Capital10€900k€900k=
Issued capital100€900k€900k=
Reserves13€90k€90k=
Non-distributable reserves130/1€90k€90k=
Legal reserve130€90k€90k=
Profit (loss) carried forward14€2.89M€3.42M▲
Amounts payable17/49€37.00M€39.11M▲
Amounts payable after more than one year17€198k€106k▼
Financial debts170/4€198k€106k▼
Amounts payable within one year42/48€36.79M€39.00M▲
Financial debts43€35.45M€35.88M▲
Credit institutions430/8€35.45M€35.88M▲
Trade debts44€21k€384k▲
Suppliers440/4€21k€384k▲
Taxes, remuneration and social security45€150k€213k▲
Taxes450/3€150k€213k▲
Other amounts payable47/48€1.17M€2.52M▲
Accrued charges and deferred income492/3€12k€9k▼
Income statement
Code20242025
Other operating charges640/8€112k€110k▼
Gross operating margin9900€2.16M€963k▼
Operating profit (loss)9901€2.05M€852k▼
Financial income75/76B€65k€80k▲
Recurring financial income75€65k€80k▲
Financial charges65/66B€3.81M€206k▼
Recurring financial charges65€1.98M€206k▼
Non-recurring financial charges66B€1.84M-
Profit (loss) for the period before taxes9903€-1.70M€727k▲
Income taxes67/77€38k€196k▲
Profit (loss) for the period9904€-1.73M€531k▲
Profit (loss) for the period to be appropriated9905€-1.73M€531k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.89M€3.42M▲
Profit (loss) brought forward from the previous period14P€4.62M€2.89M▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €236k | €60k | €112k | €110k | ▼ 1.5% |
| Gross operating margin9900 | €5.84M | €865k | €2.54M | €2.16M | €963k | ▼ 55.5% |
| Operating profit (loss)9901 | €5.84M | €629k | €2.48M | €2.05M | €852k | ▼ 58.5% |
| Financial income75/76B | €370k | €304k | €203k | €65k | €80k | ▲ 23.0% |
| Recurring financial income75 | €370k | €304k | €203k | €65k | €80k | ▲ 23.0% |
| Financial charges65/66B | €595k | €664k | €1.76M | €3.81M | €206k | ▼ 94.6% |
| Recurring financial charges65 | €595k | €664k | €1.76M | €1.98M | €206k | ▼ 89.6% |
| Non-recurring financial charges66B | - | - | - | €1.84M | - | - |
| Profit (loss) for the period before taxes9903 | €5.62M | €269k | €925k | €-1.70M | €727k | ▲ 143% |
| Income taxes67/77 | €1.37M | €249k | €247k | €38k | €196k | ▲ 411% |
| Profit (loss) for the period9904 | €4.24M | €20k | €678k | €-1.73M | €531k | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €4.24M | €20k | €678k | €-1.73M | €531k | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44.54M | €47.51M | €45.05M | €40.87M | €43.52M | ▲ 6.5% |
| Fixed assets21/28 | €3.06M | €2.02M | €2.02M | €186k | €186k | = |
| Financial fixed assets28 | €3.06M | €2.02M | €2.02M | €186k | €186k | = |
| Current assets29/58 | €41.48M | €45.49M | €43.02M | €40.68M | €43.33M | ▲ 6.5% |
| Stocks and contracts in progress3 | €31.85M | €37.92M | €37.14M | €38.18M | €39.96M | ▲ 4.7% |
| Stocks30/36 | €31.85M | €37.92M | €37.14M | €38.18M | €39.96M | ▲ 4.7% |
| Amounts receivable within one year40/41 | €8.30M | €6.27M | €4.36M | €2.38M | €3.36M | ▲ 41.4% |
| Trade receivables40 | €88k | €88k | €82k | €124k | €281k | ▲ 127% |
| Other amounts receivable41 | €8.21M | €6.18M | €4.28M | €2.25M | €3.08M | ▲ 36.7% |
| Cash at bank and in hand54/58 | €473k | €144k | €148k | €106k | €8k | ▼ 92.2% |
| Deferred charges and accrued income490/1 | €854k | €1.16M | €1.36M | €20k | €1k | ▼ 93.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44.54M | €47.51M | €45.05M | €40.87M | €43.52M | ▲ 6.5% |
| Equity10/15 | €4.91M | €4.93M | €5.61M | €3.88M | €4.41M | ▲ 13.7% |
| Contributions10/11 | €900k | €900k | €900k | €900k | €900k | = |
| Capital10 | €900k | €900k | €900k | €900k | €900k | = |
| Issued capital100 | €900k | €900k | €900k | €900k | €900k | = |
| Reserves13 | €90k | €90k | €90k | €90k | €90k | = |
| Non-distributable reserves130/1 | €90k | €90k | €90k | €90k | €90k | = |
| Legal reserve130 | €90k | €90k | €90k | €90k | €90k | = |
| Profit (loss) carried forward14 | €3.92M | €3.94M | €4.62M | €2.89M | €3.42M | ▲ 18.4% |
| Amounts payable17/49 | €39.63M | €42.58M | €39.44M | €37.00M | €39.11M | ▲ 5.7% |
| Amounts payable after more than one year17 | - | €778k | €304k | €198k | €106k | ▼ 46.5% |
| Financial debts170/4 | - | €778k | €304k | €198k | €106k | ▼ 46.5% |
| Amounts payable within one year42/48 | €39.28M | €41.39M | €38.62M | €36.79M | €39.00M | ▲ 6.0% |
| Financial debts43 | €35.61M | €38.08M | €36.38M | €35.45M | €35.88M | ▲ 1.2% |
| Credit institutions430/8 | €35.61M | €38.08M | €36.38M | €35.45M | €35.88M | ▲ 1.2% |
| Trade debts44 | €6k | €27k | €17k | €21k | €384k | ▲ 1,744% |
| Suppliers440/4 | €6k | €27k | €17k | €21k | €384k | ▲ 1,744% |
| Taxes, remuneration and social security45 | €555k | €72k | €321k | €150k | €213k | ▲ 42.3% |
| Taxes450/3 | €555k | €72k | €321k | €150k | €213k | ▲ 42.3% |
| Other amounts payable47/48 | €3.12M | €3.22M | €1.90M | €1.17M | €2.52M | ▲ 116% |
| Accrued charges and deferred income492/3 | €343k | €408k | €510k | €12k | €9k | ▼ 21.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.24M | €20k | €678k | €-1.73M | €531k | ▲ 131% |
| Operating cash flow (approximation) | €4.24M | €20k | €678k | €-1.73M | €531k | ▲ 131% |
| Investment in fixed assets (approximation) | - | €1.04M | €0 | €1.84M | €0 | ▼ 100% |
| Change in cash | - | €-330k | €5k | €-42k | €-98k | ▼ 133% |
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
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €531k
Net result €531k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-1.73M
Net result drops to €-1.73M, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €5MEq €5.61M ▲13.7%
3 profitable years in a row build equity to €5.61M.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €4.24M
Net result €4.24M after 3 loss-making years.
31-12
Financial
Equity above €2MEq €4.91M ▲633%
Equity rises from €671k to €4.91M.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 99 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Antwerpen · 1 establishment unit since 2014
Ground area
8,183 m²
Building footprint
1,836 m²
Parcel 11811L3991/00A000, Flanders. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
Michel De Braeystraat 55, 2000 Antwerpen
since 20142.230.047.816
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3991/00A000 | Flanders | 8,183 m² | 1 · 1,836 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 1,903 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.