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ULP-I

Active
Public limited companyfounded 201412 yrs activeMichel De Braeystraat 55, 2000 Antwerpen, BelgiumKBO/BCE: BE 0550.798.761
Summary

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 €4.4m and a net result of €531,461. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 9294 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 €210,000 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.
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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 2025
Solvency, return and age of the figures
Solvency
10.1%
Return on assets
1.2%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
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 filings
Deviation 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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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

History

On 17 April 2014, ULP-I was incorporated.1 Total assets went from EUR 34 million in 2018 to EUR 44 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€4.4m▲ 13.7%
2024 · €3.9m
Total assets
€43.5m▲ 6.5%
2024 · €40.9m
Net result
€531,461
2024 · -€1.7m
Working capital
€4.3m▲ 11.2%
2024 · €3.9m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€5.8m▲ 1,882%€628,660▼ 89.2%€2.5m▲ 294%€2.1m▼ 17.2%€852,260▼ 58.5%
Net result€4.2m€19,619▼ 99.5%€677,800▲ 3,355%-€1.7m€531,461
Equity€4.9m▲ 633%€4.9m▲ 0.4%€5.6m▲ 13.7%€3.9m▼ 30.9%€4.4m▲ 13.7%
Total assets€44.5m▼ 16.2%€47.5m▲ 6.7%€45.0m▼ 5.2%€40.9m▼ 9.3%€43.5m▲ 6.5%
Debt€39.6m▼ 24.5%€42.6m▲ 7.5%€39.4m▼ 7.4%€37.0m▼ 6.2%€39.1m▲ 5.7%
Working capital€2.2m€4.1m▲ 86.7%€4.4m▲ 7.5%€3.9m▼ 11.4%€4.3m▲ 11.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€2.0m€0€2.0m€4.0m€6.0mOperating result 2021: €5.8m€5.8mNet result 2021: €4.2m€4.2mOperating result 2022: €628,660€628,660Net result 2022: €19,619€19,619Operating result 2023: €2.5m€2.5mNet result 2023: €677,800€677,800Operating result 2024: €2.1m€2.1mNet result 2024: -€1.7m-€1.7mOperating result 2025: €852,260€852,260Net result 2025: €531,461€531,46120212022202320242025-€2m€0€2mOperating result 2023: €2.5m€2.5mNet result 2023: €677,800€678,000Operating result 2024: €2.1m€2.1mNet result 2024: -€1.7m-€1.7mOperating result 2025: €852,260€852,000Net result 2025: €531,461€531,000202320242025
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 €43.5m
Fixed assets €186,493 =
Current assets €43.3m ▲ 6.5%
Equity and liabilities €43.5m
Equity €4.4m ▲ 13.7%
Debt €39.1m ▲ 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
2025 value · change against 2024
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
€39.0m▲
2024 · €36.8m
Debt > 1 year
€105,638▼
2024 · €197,634
Income taxes
€195,545▲
2024 · €38,302
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 293 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 98% are still going.

  • Large
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
  • without age
1.4% went bankrupt
1.0% stopped otherwise
98% still going

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 293 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€40.9m€43.5m▲
Fixed assets21/28€186,493€186,493=
Financial fixed assets28€186,493€186,493=
Current assets29/58€40.7m€43.3m▲
Stocks and contracts in progress3€38.2m€40.0m▲
Stocks30/36€38.2m€40.0m▲
Amounts receivable within one year40/41€2.4m€3.4m▲
Trade receivables40€124,115€281,286▲
Other amounts receivable41€2.3m€3.1m▲
Cash at bank and in hand54/58€106,079€8,290▼
Deferred charges and accrued income490/1€20,376€1,381▼
Equity and liabilities
Total equity and liabilities10/49€40.9m€43.5m▲
Equity10/15€3.9m€4.4m▲
Contributions10/11€900,000€900,000=
Capital10€900,000€900,000=
Issued capital100€900,000€900,000=
Reserves13€90,000€90,000=
Non-distributable reserves130/1€90,000€90,000=
Legal reserve130€90,000€90,000=
Profit (loss) carried forward14€2.9m€3.4m▲
Amounts payable17/49€37.0m€39.1m▲
Amounts payable after more than one year17€197,634€105,638▼
Financial debts170/4€197,634€105,638▼
Amounts payable within one year42/48€36.8m€39.0m▲
Financial debts43€35.4m€35.9m▲
Credit institutions430/8€35.4m€35.9m▲
Trade debts44€20,834€384,201▲
Suppliers440/4€20,834€384,201▲
Taxes, remuneration and social security45€149,949€213,407▲
Taxes450/3€149,949€213,407▲
Other amounts payable47/48€1.2m€2.5m▲
Accrued charges and deferred income492/3€11,798€9,313▼
Income statement Code20242025
Other operating charges640/8€111,918€110,253▼
Gross operating margin9900€2.2m€962,513▼
Operating profit (loss)9901€2.1m€852,260▼
Financial income75/76B€65,246€80,276▲
Recurring financial income75€65,246€80,276▲
Financial charges65/66B€3.8m€205,530▼
Recurring financial charges65€2.0m€205,530▼
Non-recurring financial charges66B€1.8m-
Profit (loss) for the period before taxes9903-€1.7m€727,006▲
Income taxes67/77€38,302€195,545▲
Profit (loss) for the period9904-€1.7m€531,461▲
Profit (loss) for the period to be appropriated9905-€1.7m€531,461▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.9m€3.4m▲
Profit (loss) brought forward from the previous period14P€4.6m€2.9m▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€236,033€60,174€111,918€110,253▼ 1.5%
Gross operating margin9900€5.8m€864,693€2.5m€2.2m€962,513▼ 55.5%
Operating profit (loss)9901€5.8m€628,660€2.5m€2.1m€852,260▼ 58.5%
Financial income75/76B€370,035€304,453€203,314€65,246€80,276▲ 23.0%
Recurring financial income75€370,035€304,453€203,314€65,246€80,276▲ 23.0%
Financial charges65/66B€595,469€664,083€1.8m€3.8m€205,530▼ 94.6%
Recurring financial charges65€595,469€664,083€1.8m€2.0m€205,530▼ 89.6%
Non-recurring financial charges66B---€1.8m--
Profit (loss) for the period before taxes9903€5.6m€269,029€924,535-€1.7m€727,006▲ 143%
Income taxes67/77€1.4m€249,410€246,735€38,302€195,545▲ 411%
Profit (loss) for the period9904€4.2m€19,619€677,800-€1.7m€531,461▲ 131%
Profit (loss) for the period to be appropriated9905€4.2m€19,619€677,800-€1.7m€531,461▲ 131%
Line20212022202320242025Change
Assets
Total assets20/58€44.5m€47.5m€45.0m€40.9m€43.5m▲ 6.5%
Fixed assets21/28€3.1m€2.0m€2.0m€186,493€186,493=
Financial fixed assets28€3.1m€2.0m€2.0m€186,493€186,493=
Current assets29/58€41.5m€45.5m€43.0m€40.7m€43.3m▲ 6.5%
Stocks and contracts in progress3€31.9m€37.9m€37.1m€38.2m€40.0m▲ 4.7%
Stocks30/36€31.9m€37.9m€37.1m€38.2m€40.0m▲ 4.7%
Amounts receivable within one year40/41€8.3m€6.3m€4.4m€2.4m€3.4m▲ 41.4%
Trade receivables40€87,637€87,637€82,115€124,115€281,286▲ 127%
Other amounts receivable41€8.2m€6.2m€4.3m€2.3m€3.1m▲ 36.7%
Cash at bank and in hand54/58€473,322€143,533€148,071€106,079€8,290▼ 92.2%
Deferred charges and accrued income490/1€854,486€1.2m€1.4m€20,376€1,381▼ 93.2%
Equity and liabilities
Total equity and liabilities10/49€44.5m€47.5m€45.0m€40.9m€43.5m▲ 6.5%
Equity10/15€4.9m€4.9m€5.6m€3.9m€4.4m▲ 13.7%
Contributions10/11€900,000€900,000€900,000€900,000€900,000=
Capital10€900,000€900,000€900,000€900,000€900,000=
Issued capital100€900,000€900,000€900,000€900,000€900,000=
Reserves13€90,000€90,000€90,000€90,000€90,000=
Non-distributable reserves130/1€90,000€90,000€90,000€90,000€90,000=
Legal reserve130€90,000€90,000€90,000€90,000€90,000=
Profit (loss) carried forward14€3.9m€3.9m€4.6m€2.9m€3.4m▲ 18.4%
Amounts payable17/49€39.6m€42.6m€39.4m€37.0m€39.1m▲ 5.7%
Amounts payable after more than one year17-€777,918€304,166€197,634€105,638▼ 46.5%
Financial debts170/4-€777,918€304,166€197,634€105,638▼ 46.5%
Amounts payable within one year42/48€39.3m€41.4m€38.6m€36.8m€39.0m▲ 6.0%
Financial debts43€35.6m€38.1m€36.4m€35.4m€35.9m▲ 1.2%
Credit institutions430/8€35.6m€38.1m€36.4m€35.4m€35.9m▲ 1.2%
Trade debts44€5,906€27,259€17,071€20,834€384,201▲ 1,744%
Suppliers440/4€5,906€27,259€17,071€20,834€384,201▲ 1,744%
Taxes, remuneration and social security45€555,229€71,797€321,457€149,949€213,407▲ 42.3%
Taxes450/3€555,229€71,797€321,457€149,949€213,407▲ 42.3%
Other amounts payable47/48€3.1m€3.2m€1.9m€1.2m€2.5m▲ 116%
Accrued charges and deferred income492/3€342,979€408,215€509,981€11,798€9,313▼ 21.1%
Line20212022202320242025Change
Profit (loss) for the period9904€4.2m€19,619€677,800-€1.7m€531,461▲ 131%
Operating cash flow (approximation)€4.2m€19,619€677,800-€1.7m€531,461▲ 131%
Investment in fixed assets (approximation)-€1.0m€0€1.8m€0▼ 100%
Change in cash--€329,789€4,537-€41,992-€97,788▼ 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.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €531,461
Net result €531,461 after one loss-making year.
23-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€1.7m
Net result drops to -€1.7m, 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 €5.6m ▲13.7%
3 profitable years in a row build equity to €5.6m.
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 €4.2m
Net result €4.2m after 3 loss-making years.
31-12
Financial Equity above €2mEq €4.9m ▲633%
Equity rises from €670,511 to €4.9m.
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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
seat establishment The establishment unit on the map
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
Real estate activities
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.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. URBAN LIVING BELGIUM 100%
  2. ULP-I

Highest known parent: URBAN LIVING BELGIUM. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of ULP-I and those 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.

Similar companies · same sector, comparable size

Of 7,326 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
E-invoicing
Reachable via Peppol
Peppol ID 0208:0550798761
Also 9925:BE0550798761

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.