ULP-II
ActiveSummary
ULP-II has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-24k) and a net result of €-5k. Equity is shrinking by ~50.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency24=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.2% and cash: 0.1% of total assets, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-0.3%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-24k
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
€-24k▼ 30.1%
2024 · €-18k
Total assets
€1.96M▲ 2.9%
2024 · €1.90M
Net result
€-5k▼ 9.1%
2024 · €-5k
Working capital
€1.96M▲ 2.9%
2024 · €1.90M
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€44k▼ 6.6%€54k▲ 20.9%€52k▼ 3.6%€57k▲ 9.5%€-5k
Net result€-17k▼ 59.2%€-7k▲ 56.0%€-10k▼ 30.5%€-5k▲ 48.4%€-5k▼ 9.1%
Equity€4k▼ 81.0%€-3k€-13k▼ 281%€-18k▼ 38.0%€-24k▼ 30.1%
Total assets€1.72M▲ 10.6%€1.78M▲ 3.6%€1.84M▲ 3.4%€1.90M▲ 3.3%€1.96M▲ 2.9%
Debt€1.72M▲ 11.8%€1.79M▲ 4.1%€1.86M▲ 3.9%€1.92M▲ 3.6%€1.98M▲ 3.2%
Working capital€1.71M▲ 11.3%€1.78M▲ 3.7%€1.84M▲ 3.4%€1.90M▲ 3.3%€1.96M▲ 2.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €57k in 2024, the lowest result in the available series.
Key figures and ratios
Solvency
-1.2%▼
2024 · -1.0%
Quick ratio
0.25▼
2024 · 1.57
Debt to equity
-84.25
ROA
-0.3%▼
2024 · -0.3%
Debt ≤ 1 year
€4k▼
2024 · €4k
Debt > 1 year
€1.98M▲
2024 · €1.92M
A ratio outside any meaningful range has been withheld (balance sheet total €1.96M, equity €-24k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | - | €3k | €2k | ▼ 20.1% |
| Other operating charges640/8 | €101k | €2k | €1k | €1k | €1k | ▲ 3.1% |
| Gross operating margin9900 | €145k | €56k | €53k | €58k | €-4k | ▼ 106% |
| Operating profit (loss)9901 | €44k | €54k | €52k | €57k | €-5k | ▼ 109% |
| Financial income75/76B | - | - | - | €15 | - | - |
| Recurring financial income75 | - | - | - | €15 | - | - |
| Financial charges65/66B | €61k | €61k | €61k | €62k | €477 | ▼ 99.2% |
| Recurring financial charges65 | €61k | €61k | €61k | €62k | €477 | ▼ 99.2% |
| Profit (loss) for the period before taxes9903 | €-17k | €-7k | €-10k | €-5k | €-5k | ▼ 9.1% |
| Profit (loss) for the period9904 | €-17k | €-7k | €-10k | €-5k | €-5k | ▼ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €-7k | €-10k | €-5k | €-5k | ▼ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.72M | €1.78M | €1.84M | €1.90M | €1.96M | ▲ 2.9% |
| Current assets29/58 | €1.72M | €1.78M | €1.84M | €1.90M | €1.96M | ▲ 2.9% |
| Stocks and contracts in progress3 | €1.72M | €1.78M | €1.84M | €1.90M | €1.96M | ▲ 3.2% |
| Stocks30/36 | €1.72M | €1.78M | €1.84M | €1.90M | €1.96M | ▲ 3.2% |
| Cash at bank and in hand54/58 | €4k | €6k | €6k | €7k | €1k | ▼ 84.8% |
| Deferred charges and accrued income490/1 | €242 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.72M | €1.78M | €1.84M | €1.90M | €1.96M | ▲ 2.9% |
| Equity10/15 | €4k | €-3k | €-13k | €-18k | €-24k | ▼ 30.1% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €-96k | €-103k | €-113k | €-118k | €-124k | ▼ 4.6% |
| Amounts payable17/49 | €1.72M | €1.79M | €1.86M | €1.92M | €1.98M | ▲ 3.2% |
| Amounts payable after more than one year17 | €1.51M | €1.52M | €1.53M | €1.92M | €1.98M | ▲ 3.2% |
| Financial debts170/4 | €1.51M | €1.52M | €1.53M | €1.92M | €1.98M | ▲ 3.2% |
| Amounts payable within one year42/48 | €5k | €4k | €4k | €4k | €4k | ▼ 3.3% |
| Trade debts44 | €5k | €4k | €4k | €4k | €4k | ▼ 3.3% |
| Suppliers440/4 | €5k | €4k | €4k | €4k | €4k | ▼ 3.3% |
| Accrued charges and deferred income492/3 | €204k | €264k | €325k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-7k | €-10k | €-5k | €-5k | ▼ 9.1% |
| Operating cash flow (approximation) | €-17k | €-7k | €-10k | €-5k | €-5k | ▼ 9.1% |
| Change in cash | - | €2k | €-67 | €221 | €-6k | ▼ 2,626% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
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
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 363.23
Current ratio from 107.27 to 363.23; short-term debt falls from €14k to €5k.
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
2019
31-12
Financial
Liquidity times 22current ratio 277.19
Current ratio from 12.54 to 277.19; short-term debt falls from €116k to €5k.
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 15 acts read
About the unread acts
We know of 15 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
15 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 20142.235.004.714
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.
Identification & contact
Identification
Legal formPublic limited company
Founded18-09-2014
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.