ULPE
ActiveSummary
ULPE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64,794 and a net result of €846. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-1
Solvency44▼-11
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.0 against 1.49 in 2023; short-term debt: 46.6% and cash: 0.1% of total assets), and 80.5% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
19.5%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 37969 sector peers (2024).
NBB · sector comparisonPosition among 37969 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
31 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 30 days after 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
€64,794▲ 1.3%
2023 · €63,948
Total assets
€332,642▲ 57.7%
2023 · €210,945
Net result
€846▼ 70.1%
2023 · €2,830
Working capital
€96▼ 99.9%
2023 · €68,214
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line202220232024
Operating result€74,720-€5,238▼ 93.0%€10,289▲ 96.5%
Net result€59,118within the sector's middle half-€2,830within the sector's middle half▼ 95.2%€846below the sector's middle half▼ 70.1%
Equity€61,118within the sector's middle half-€63,948within the sector's middle half▲ 4.6%€64,794within the sector's middle half▲ 1.3%
Total assets€129,555within the sector's middle half-€210,945within the sector's middle half▲ 62.8%€332,642within the sector's middle half▲ 57.7%
Debt€68,436-€146,997▲ 115%€267,847▲ 82.2%
Working capital€57,674within the sector's middle half-€68,214within the sector's middle half▲ 18.3%€96below the sector's middle half▼ 99.9%
Solvency47.2%within the sector's middle half-30.3%within the sector's middle half▼ 16.9pp19.5%below the sector's middle half▼ 10.8pp
Current ratio1.84within the sector's middle half-1.49within the sector's middle half▼ 0.361.00below the sector's middle half▼ 0.49
Return on assets (ROA)45.6%above the sector's middle half-1.3%below the sector's middle half▼ 44.3pp0.3%below the sector's middle half▼ 1.1pp
Staff (FTE)1.8-1.9▲ 5.6%1.8▼ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 96% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €332,642
Fixed assets
€177,481 ▲ 6,529%
Current assets
€155,160 ▼ 25.5%
Equity and liabilities €332,642
Equity
€64,794 ▲ 1.3%
Debt
€267,847 ▲ 82.2%
Debt's share of the balance-sheet total rises from 69.7% to 80.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34,655▲
2023 · €6,005
Cash flow
€25,212▲
2023 · €3,597
Debt to equity
4.13▲
2023 · 2.30
ROE
1.3%▼
2023 · 4.4%
Interest coverage
7.40▼
2023 · 27.54
Debt ≤ 1 year
€155,065▲
2023 · €140,054
Debt > 1 year
€112,783
Income taxes
€4,763▲
2023 · €2,190
Staff costs
€83,916▲
2023 · €77,996
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.5%
went bankrupt
1.2%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,542 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €50,033 | €77,996 | €83,916 | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,370 | €767 | €24,366 | ▲ 3,077% |
| Other operating charges640/8 | €807 | €539 | €3,410 | ▲ 533% |
| Non-recurring operating charges66A | - | - | €30,109 | - |
| Gross operating margin9900 | €126,930 | €84,540 | €152,090 | ▲ 79.9% |
| Operating profit (loss)9901 | €74,720 | €5,238 | €10,289 | ▲ 96.5% |
| Financial income75/76B | €15 | - | €0 | - |
| Recurring financial income75 | €15 | - | €0 | - |
| Financial charges65/66B | €88 | €218 | €4,680 | ▲ 2,047% |
| Recurring financial charges65 | €88 | €218 | €4,680 | ▲ 2,047% |
| Profit (loss) for the period before taxes9903 | €74,647 | €5,020 | €5,609 | ▲ 11.7% |
| Income taxes67/77 | €15,529 | €2,190 | €4,763 | ▲ 118% |
| Profit (loss) for the period9904 | €59,118 | €2,830 | €846 | ▼ 70.1% |
| Profit (loss) for the period to be appropriated9905 | €59,118 | €2,830 | €846 | ▼ 70.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €129,555 | €210,945 | €332,642 | ▲ 57.7% |
| Fixed assets21/28 | €3,444 | €2,677 | €177,481 | ▲ 6,529% |
| Intangible fixed assets21 | €3,444 | €2,677 | €1,910 | ▼ 28.6% |
| Tangible fixed assets22/27 | - | - | €175,571 | - |
| Plant, machinery and equipment23 | - | - | €3,157 | - |
| Furniture and vehicles24 | - | - | €172,414 | - |
| Current assets29/58 | €126,111 | €208,268 | €155,160 | ▼ 25.5% |
| Amounts receivable within one year40/41 | €125,005 | €204,540 | €152,240 | ▼ 25.6% |
| Trade receivables40 | €123,755 | €203,553 | €152,188 | ▼ 25.2% |
| Other amounts receivable41 | €1,250 | €988 | €53 | ▼ 94.7% |
| Cash at bank and in hand54/58 | €734 | €3,728 | €351 | ▼ 90.6% |
| Deferred charges and accrued income490/1 | €371 | - | €2,568 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €129,555 | €210,945 | €332,642 | ▲ 57.7% |
| Equity10/15 | €61,118 | €63,948 | €64,794 | ▲ 1.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €59,118 | €61,948 | €62,794 | ▲ 1.4% |
| Distributable reserves133 | €59,118 | €61,948 | €62,794 | ▲ 1.4% |
| Amounts payable17/49 | €68,436 | €146,997 | €267,847 | ▲ 82.2% |
| Amounts payable after more than one year17 | - | - | €112,783 | - |
| Financial debts170/4 | - | - | €112,783 | - |
| Amounts payable within one year42/48 | €68,436 | €140,054 | €155,065 | ▲ 10.7% |
| Current portion of amounts payable after more than one year42 | - | - | €30,448 | - |
| Trade debts44 | €26,416 | €19,608 | €275 | ▼ 98.6% |
| Suppliers440/4 | €26,416 | €19,608 | €275 | ▼ 98.6% |
| Advances received on contracts in progress46 | - | €49,675 | - | - |
| Taxes, remuneration and social security45 | €41,490 | €27,801 | €26,046 | ▼ 6.3% |
| Taxes450/3 | €41,490 | €17,719 | €26,046 | ▲ 47.0% |
| Remuneration and social security454/9 | - | €10,082 | - | - |
| Other amounts payable47/48 | €530 | €42,970 | €98,296 | ▲ 129% |
| Accrued charges and deferred income492/3 | - | €6,943 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,118 | €2,830 | €846 | ▼ 70.1% |
| + Depreciation and write-downs630 | €1,370 | €767 | €24,366 | ▲ 3,077% |
| Operating cash flow (approximation) | €60,488 | €3,597 | €25,212 | ▲ 601% |
| Investment in fixed assets (approximation) | - | €0 | -€199,170 | - |
| Change in cash | - | €2,994 | -€3,376 | ▼ 213% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €846 ▼70.1%
Net result drops to €846, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2021
Ground area
102 m²
Building footprint
54 m²
Volume, LiDAR
513 m³
Parcel 34352F0350/00E009, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ULPE
since 20212.327.008.917
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352F0350/00E009 | Flanders | 102 m² | 1 · 54 m² | 11.6 m · 3 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 9,083 EUR awarded · 9,083 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 83 EUR | 83 EUR |
| 2023 | 1 | 9,000 EUR | 9,000 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,348 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
Founded23-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779325417
Also
9925:BE0779325417
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.