ULTICARE
ActiveSummary
ULTICARE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €-9k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+50
Solvency74▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.07 in 2024; short-term debt: 50.8% and cash: 35.5% of total assets), and 50.8% 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+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
49.2%
Return on assets
-18.8%
Age of the figures
9 mo
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
2122232425
2021 to 2025 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 5 filingsDeviation from the deadline
2025
26 d late
2024
25 d late
2023
11 d late
2022
29 d late
2021
21 d late
← 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, micro schema
Equity
€24k▼ 27.6%
2024 · €33k
Total assets
€48k▼ 26.7%
2024 · €65k
Net result
€-9k▲ 65.6%
2024 · €-26k
Working capital
€3k▲ 10.1%
2024 · €2k
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€59k-€4k▼ 93.8%€30k▲ 709%€-26k€-9k▲ 66.7%
Net result€39k-€-3k€22k€-26k€-9k▲ 65.6%
Equity€40k-€37k▼ 7.4%€59k▲ 59.9%€33k▼ 44.5%€24k▼ 27.6%
Total assets€67k-€103k▲ 53.0%€112k▲ 9.5%€65k▼ 41.9%€48k▼ 26.7%
Debt€27k-€66k▲ 140%€54k▼ 18.5%€33k▼ 39.0%€24k▼ 25.8%
Working capital€40k-€-12k€20k€2k▼ 88.0%€3k▲ 10.1%
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 €9k in 2025 against €26k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€21k ▼ 30.6%
Current assets
€27k ▼ 23.4%
Equity and liabilities €48k
Equity
€24k ▼ 27.6%
Debt
€24k ▼ 25.8%
Debt's share of the balance-sheet total rises from 50.2% to 50.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▲
2024 · €-15k
Cash flow
€2k▲
2024 · €-15k
Current ratio
1.11▲
2024 · 1.07
Debt to equity
1.03▲
2024 · 1.01
ROE
-38.2%▲
2024 · -80.3%
ROA
-18.8%▲
2024 · -40.0%
Interest coverage
33.46▲
2024 · -215.58
Debt ≤ 1 year
€24k▼
2024 · €33k
Income taxes
€304▼
2024 · €559
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3k | €10k | €11k | €11k | ▲ 2.1% |
| Other operating charges640/8 | - | €617 | €376 | €512 | €530 | ▲ 3.4% |
| Gross operating margin9900 | €59k | €7k | €41k | €-14k | €3k | ▲ 121% |
| Operating profit (loss)9901 | €59k | €4k | €30k | €-26k | €-9k | ▲ 66.7% |
| Financial income75/76B | €0 | €40 | €177 | €339 | €1 | ▼ 99.9% |
| Recurring financial income75 | €0 | €40 | €177 | €339 | €1 | ▼ 99.9% |
| Financial charges65/66B | €164 | €69 | €93 | €69 | €75 | ▲ 8.3% |
| Recurring financial charges65 | €164 | €69 | €93 | €69 | €75 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €59k | €4k | €30k | €-26k | €-9k | ▲ 66.0% |
| Income taxes67/77 | €20k | €7k | €8k | €559 | €304 | ▼ 45.6% |
| Profit (loss) for the period9904 | €39k | €-3k | €22k | €-26k | €-9k | ▲ 65.6% |
| Profit (loss) for the period to be appropriated9905 | €39k | €-3k | €22k | €-26k | €-9k | ▲ 65.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €103k | €112k | €65k | €48k | ▼ 26.7% |
| Fixed assets21/28 | - | €48k | €39k | €30k | €21k | ▼ 30.6% |
| Tangible fixed assets22/27 | - | €48k | €39k | €30k | €21k | ▼ 30.6% |
| Furniture and vehicles24 | - | €46k | €37k | €29k | €20k | ▼ 30.2% |
| Other tangible fixed assets26 | - | €2k | €2k | €1k | €828 | ▼ 38.5% |
| Current assets29/58 | €67k | €54k | €73k | €35k | €27k | ▼ 23.4% |
| Amounts receivable within one year40/41 | - | €38 | €36k | €20k | €9k | ▼ 55.9% |
| Trade receivables40 | - | €38 | €29k | €10k | - | - |
| Other amounts receivable41 | - | - | €7k | €10k | €9k | ▼ 10.4% |
| Cash at bank and in hand54/58 | €67k | €54k | €37k | €14k | €17k | ▲ 20.0% |
| Deferred charges and accrued income490/1 | - | - | €1k | €1k | €1k | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €103k | €112k | €65k | €48k | ▼ 26.7% |
| Equity10/15 | €40k | €37k | €59k | €33k | €24k | ▼ 27.6% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €39k | €36k | €58k | €32k | €23k | ▼ 28.5% |
| Amounts payable17/49 | €27k | €66k | €54k | €33k | €24k | ▼ 25.8% |
| Amounts payable within one year42/48 | €27k | €66k | €54k | €33k | €24k | ▼ 25.8% |
| Trade debts44 | €10 | - | €1k | €4k | - | - |
| Suppliers440/4 | €10 | - | €1k | €4k | - | - |
| Taxes, remuneration and social security45 | €27k | €24k | €10k | €5k | €304 | ▼ 94.2% |
| Taxes450/3 | €27k | €24k | €10k | €4k | €304 | ▼ 91.9% |
| Remuneration and social security454/9 | - | - | - | €2k | - | - |
| Other amounts payable47/48 | - | €42k | €42k | €24k | €24k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €-3k | €22k | €-26k | €-9k | ▲ 65.6% |
| + Depreciation and write-downs630 | - | €3k | €10k | €11k | €11k | ▲ 2.1% |
| Operating cash flow (approximation) | €39k | €117 | €32k | €-15k | €2k | ▲ 114% |
| Investment in fixed assets (approximation) | - | - | €-1k | €-2k | €-2k | ▲ 8.3% |
| Change in cash | - | €-13k | €-18k | €-22k | €3k | ▲ 113% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 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, Wingene · 1 establishment unit since 2020
Ground area
974 m²
Building footprint
265 m²
Volume, LiDAR
1,649 m³
Parcel 37019B0433/00V000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ULTICARE
since 20202.299.799.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019B0433/00V000 | Flanders | 974 m² | 1 · 265 m² | 8.5 m · 2 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 6,061 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
Founded30-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.