ULPIA
ActiveSummary
ULPIA has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,881 and a net result of -€39,155. Its solvency ranks better than 81% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency98▼-2
Growth32
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.69; short-term debt: 27.1% and cash: 11.5% of total assets), and 27.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year -€39,155
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 31-05-2026, 61 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
61 d early
2024
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 48 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€128,881▼ 23.3%
2024 · €168,036
Total assets
€176,876▲ 5.3%
2024 · €168,051
Net result
-€39,155▼ 227%
2024 · -€11,964
Working capital
€128,881▼ 23.3%
2024 · €168,036
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
Line20242025
Operating result-€11,907--€39,083▼ 228%
Net result-€11,964--€39,155▼ 227%
Equity€168,036-€128,881▼ 23.3%
Total assets€168,051-€176,876▲ 5.3%
Debt€15-€47,995▲ 319,867%
Working capital€168,036-€128,881▼ 23.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39,083 in 2025 against €11,907 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €176,876
Equity
€128,881 ▼ 23.3%
Debt
€47,995 ▲ 319,867%
Debt's share of the balance-sheet total rises from 0.0% to 27.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.69
Quick ratio
0.64
Debt to equity
0.37▲
2024 · 0.00
ROE
-30.4%▼
2024 · -7.1%
ROA
-22.1%▼
2024 · -7.1%
Debt ≤ 1 year
€47,995▲
2024 · €15
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €11,519 | €38,653 | ▲ 236% |
| Other operating charges640/8 | €387 | €430 | ▲ 10.9% |
| Gross operating margin9900 | -€11,519 | -€38,653 | ▼ 236% |
| Operating profit (loss)9901 | -€11,907 | -€39,083 | ▼ 228% |
| Financial charges65/66B | €57 | €72 | ▲ 25.4% |
| Recurring financial charges65 | €57 | €72 | ▲ 25.4% |
| Profit (loss) for the period before taxes9903 | -€11,964 | -€39,155 | ▼ 227% |
| Profit (loss) for the period9904 | -€11,964 | -€39,155 | ▼ 227% |
| Profit (loss) for the period to be appropriated9905 | -€11,964 | -€39,155 | ▼ 227% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €168,051 | €176,876 | ▲ 5.3% |
| Current assets29/58 | €168,051 | €176,876 | ▲ 5.3% |
| Stocks and contracts in progress3 | €146,250 | €146,250 | = |
| Stocks30/36 | €146,250 | €146,250 | = |
| Amounts receivable within one year40/41 | €21,269 | €10,224 | ▼ 51.9% |
| Other amounts receivable41 | €21,269 | €10,224 | ▼ 51.9% |
| Cash at bank and in hand54/58 | €532 | €20,402 | ▲ 3,732% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €168,051 | €176,876 | ▲ 5.3% |
| Equity10/15 | €168,036 | €128,881 | ▼ 23.3% |
| Contributions10/11 | €180,000 | €180,000 | = |
| Capital10 | €180,000 | €180,000 | = |
| Issued capital100 | €180,000 | €180,000 | = |
| Profit (loss) carried forward14 | -€11,964 | -€51,119 | ▼ 327% |
| Amounts payable17/49 | €15 | €47,995 | ▲ 319,867% |
| Amounts payable within one year42/48 | €15 | €47,995 | ▲ 319,867% |
| Financial debts43 | - | €7,500 | - |
| Other loans439 | - | €7,500 | - |
| Other amounts payable47/48 | €15 | €40,495 | ▲ 269,867% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€11,964 | -€39,155 | ▼ 227% |
| Operating cash flow (approximation) | -€11,964 | -€39,155 | ▼ 227% |
| Change in cash | - | €19,869 | - |
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
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2024
Ground area
3,140 m²
Building footprint
107 m²
Volume, LiDAR
811 m³
Parcel 25083F0126/00R002, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Avenue Reine Fabiola 14, 1340 Ottignies-Louvain-la-Neuve
since 20242.359.202.326
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083F0126/00R002 | Wallonia | 3,140 m² | 1 · 107 m² | 9.6 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.
Recognitions · licences · registrations
Recognised contractor
21 categoriesULPIA SA44061
Similar companies · same sector, comparable size
CANAL CONSTRUCT
BE 0471.546.494
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Immobilière Contacts-Congo
BE 0404.237.503
Liège · Eq €128,676
Van Eetvelde Bouwprojecten
BE 0563.617.114
Stekene · Eq €129,173
DE VOLDER - SCHROYENS
BE 0794.891.343
Berlaar · Eq €128,581
AGEMTA
BE 0740.631.325
Comines-Warneton · Eq €128,536
Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 5,344 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
Founded09-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43331Floor and wall tiling
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.