ULTIM8
ActiveSummary
ULTIM8 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €608,441 and a net result of €95,492. Equity is growing by ~65.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 4718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 13.5 against 16.63 in 2024; short-term debt: 6.2% and cash: 28% of total assets), and 12.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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 2025Solvency, return and age of the figures
Solvency
87.9%
Return on assets
13.8%
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
16 d early
2023
5 d early
2022
7 d early
2021
23 d early
2020
5 d late
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 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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. Usually files around 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by equity in Herzele, Transport and storage sector#10 company by total assets in Herzele, Transport and storage sector
Equity
€608,441▲ 13.3%
2024 · €536,949
Total assets
€692,222▲ 22.0%
2024 · €567,576
Net result
€95,492▲ 128%
2024 · €41,891
Working capital
€540,532▲ 48.6%
2024 · €363,707
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20212022202320242025
Operating result€33,035▼ 18.2%€65,180▲ 97.3%€24,262▼ 62.8%€57,153▲ 136%€101,248▲ 77.2%
Net result€22,054within the sector's middle half▼ 14.8%€404,429above the sector's middle half▲ 1,734%€13,026within the sector's middle half▼ 96.8%€41,891above the sector's middle half▲ 222%€95,492above the sector's middle half▲ 128%
Equity€88,392within the sector's middle half▲ 33.2%€492,821above the sector's middle half▲ 458%€495,058above the sector's middle half▲ 0.5%€536,949above the sector's middle half▲ 8.5%€608,441above the sector's middle half▲ 13.3%
Total assets€235,432within the sector's middle half▲ 15.7%€637,822above the sector's middle half▲ 171%€611,674above the sector's middle half▼ 4.1%€567,576above the sector's middle half▼ 7.2%€692,222above the sector's middle half▲ 22.0%
Debt€147,040▲ 7.2%€145,001▼ 1.4%€116,616▼ 19.6%€30,627▼ 73.7%€83,781▲ 174%
Working capital-€31,585below the sector's middle half▲ 47.1%€457,300above the sector's middle half€369,057above the sector's middle half▼ 19.3%€363,707above the sector's middle half▼ 1.4%€540,532above the sector's middle half▲ 48.6%
Solvency37.5%within the sector's middle half▲ 5.0pp77.3%above the sector's middle half▲ 39.7pp80.9%above the sector's middle half▲ 3.7pp94.6%above the sector's middle half▲ 13.7pp87.9%above the sector's middle half▼ 6.7pp
Current ratio0.59below the sector's middle half▲ 0.275.98above the sector's middle half▲ 5.395.59above the sector's middle half▼ 0.4016.63above the sector's middle half▲ 11.0513.50above the sector's middle half▼ 3.13
Return on assets (ROA)9.4%within the sector's middle half▼ 3.3pp63.4%above the sector's middle half▲ 54.0pp2.1%within the sector's middle half▼ 61.3pp7.4%within the sector's middle half▲ 5.3pp13.8%within the sector's middle half▲ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 77% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €692,222
Fixed assets
€108,438 ▼ 40.0%
Current assets
€583,783 ▲ 50.9%
Equity and liabilities €692,222
Equity
€608,441 ▲ 13.3%
Debt
€83,781 ▲ 174%
Debt's share of the balance-sheet total rises from 5.4% to 12.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137,387▲
2024 · €79,877
Cash flow
€131,632▲
2024 · €64,615
Debt to equity
0.14▲
2024 · 0.06
ROE
15.7%▲
2024 · 7.8%
Interest coverage
35.10▲
2024 · 33.53
Debt ≤ 1 year
€43,252▲
2024 · €23,268
Debt > 1 year
€40,529▲
2024 · €7,359
Income taxes
€9,267▼
2024 · €17,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 17,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8,233 | €14,895 | €10,138 | €79,461 | €152,543 | ▲ 92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,037 | €12,500 | €22,959 | €22,724 | €36,140 | ▲ 59.0% |
| Other operating charges640/8 | €2,975 | €2,949 | €3,172 | €3,280 | €5,106 | ▲ 55.7% |
| Gross operating margin9900 | €49,047 | €80,628 | €50,393 | €83,157 | €142,494 | ▲ 71.4% |
| Operating profit (loss)9901 | €33,035 | €65,180 | €24,262 | €57,153 | €101,248 | ▲ 77.2% |
| Financial income75/76B | €13 | €401,258 | €48 | €4,357 | €7,426 | ▲ 70.4% |
| Recurring financial income75 | €13 | €401,258 | €48 | €4,357 | €7,426 | ▲ 70.4% |
| Financial charges65/66B | €4,037 | €2,609 | €2,216 | €2,382 | €3,914 | ▲ 64.3% |
| Recurring financial charges65 | €4,037 | €2,609 | €2,216 | €2,382 | €3,914 | ▲ 64.3% |
| Profit (loss) for the period before taxes9903 | €29,011 | €463,828 | €22,094 | €59,128 | €104,759 | ▲ 77.2% |
| Income taxes67/77 | €6,956 | €59,399 | €9,067 | €17,237 | €9,267 | ▼ 46.2% |
| Profit (loss) for the period9904 | €22,054 | €404,429 | €13,026 | €41,891 | €95,492 | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €22,054 | €404,429 | €13,026 | €41,891 | €95,492 | ▲ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235,432 | €637,822 | €611,674 | €567,576 | €692,222 | ▲ 22.0% |
| Fixed assets21/28 | €189,867 | €88,774 | €162,137 | €180,601 | €108,438 | ▼ 40.0% |
| Tangible fixed assets22/27 | €68,577 | €47,483 | €120,846 | €139,310 | €108,438 | ▼ 22.2% |
| Land and buildings22 | €51,460 | €42,874 | €34,289 | €0 | - | - |
| Plant, machinery and equipment23 | €702 | €529 | €355 | €3,681 | €2,740 | ▼ 25.5% |
| Furniture and vehicles24 | €16,415 | €4,081 | €86,203 | €135,630 | €105,698 | ▼ 22.1% |
| Financial fixed assets28 | €121,291 | €41,291 | €41,291 | €41,291 | €0 | ▼ 100% |
| Current assets29/58 | €45,565 | €549,048 | €449,537 | €386,974 | €583,783 | ▲ 50.9% |
| Amounts receivable within one year40/41 | €7,619 | €512,004 | €3,552 | €19,282 | €19,227 | ▼ 0.3% |
| Trade receivables40 | €7,486 | €13,827 | €1,432 | €460 | €4,883 | ▲ 962% |
| Other amounts receivable41 | €132 | €498,177 | €2,120 | €18,822 | €14,345 | ▼ 23.8% |
| Current investments50/53 | - | - | €150,000 | €250,000 | €366,031 | ▲ 46.4% |
| Cash at bank and in hand54/58 | €36,239 | €35,883 | €294,777 | €112,670 | €193,791 | ▲ 72.0% |
| Deferred charges and accrued income490/1 | €1,707 | €1,162 | €1,208 | €5,022 | €4,734 | ▼ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235,432 | €637,822 | €611,674 | €567,576 | €692,222 | ▲ 22.0% |
| Equity10/15 | €88,392 | €492,821 | €495,058 | €536,949 | €608,441 | ▲ 13.3% |
| Contributions10/11 | €10,848 | €10,848 | €23,248 | €23,248 | €23,248 | = |
| Reserves13 | €76,206 | €476,206 | €466,016 | €506,016 | €572,016 | ▲ 13.0% |
| Non-distributable reserves130/1 | €1,085 | €1,085 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,085 | €1,085 | €0 | - | - | - |
| Distributable reserves133 | €75,121 | €475,121 | €466,016 | €506,016 | €572,016 | ▲ 13.0% |
| Profit (loss) carried forward14 | €1,338 | €5,767 | €5,794 | €7,685 | €13,177 | ▲ 71.5% |
| Amounts payable17/49 | €147,040 | €145,001 | €116,616 | €30,627 | €83,781 | ▲ 174% |
| Amounts payable after more than one year17 | €69,890 | €53,253 | €36,136 | €7,359 | €40,529 | ▲ 451% |
| Financial debts170/4 | €69,890 | €53,253 | €36,136 | €7,359 | €40,529 | ▲ 451% |
| Amounts payable within one year42/48 | €77,150 | €91,748 | €80,480 | €23,268 | €43,252 | ▲ 85.9% |
| Current portion of amounts payable after more than one year42 | €22,650 | €16,638 | €17,117 | €9,137 | €19,763 | ▲ 116% |
| Financial debts43 | - | - | - | - | €81 | - |
| Credit institutions430/8 | - | - | - | - | €81 | - |
| Trade debts44 | €9,429 | €11,074 | €1,393 | €3,625 | €11,581 | ▲ 219% |
| Suppliers440/4 | €9,429 | €11,074 | €1,393 | €3,625 | €11,581 | ▲ 219% |
| Taxes, remuneration and social security45 | €18,637 | €64,037 | €61,970 | €10,506 | €11,826 | ▲ 12.6% |
| Taxes450/3 | €16,352 | €64,037 | €61,970 | €7,958 | €10,326 | ▲ 29.8% |
| Remuneration and social security454/9 | €2,285 | €0 | - | €2,548 | €1,500 | ▼ 41.1% |
| Other amounts payable47/48 | €26,433 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,054 | €404,429 | €13,026 | €41,891 | €95,492 | ▲ 128% |
| + Depreciation and write-downs630 | €13,037 | €12,500 | €22,959 | €22,724 | €36,140 | ▲ 59.0% |
| Operating cash flow (approximation) | €35,091 | €416,929 | €35,985 | €64,615 | €131,632 | ▲ 104% |
| Investment in fixed assets (approximation) | - | €88,593 | -€96,321 | -€41,189 | €36,023 | ▲ 187% |
| Change in cash | - | -€356 | €258,894 | -€182,107 | €81,121 | ▲ 145% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 16.63
Current ratio from 5.59 to 16.63; short-term debt falls from €80,480 to €23,268.
31-12
Financial
Equity above €500,000Eq €536,949 ▲8.5%
7 profitable years in a row build equity to €536,949.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €404,429 ▲1,734%
Net result €404,429, the highest in the series.
31-12
Financial
Liquidity times 10current ratio 5.98
Current ratio from 0.59 to 5.98.
31-12
Financial
Equity above €200,000Eq €492,821 ▲458%
5 profitable years in a row build equity to €492,821.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 45 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Herzele · 1 establishment unit since 2011
Ground area
657 m²
Building footprint
94 m²
Volume, LiDAR
613 m³
Parcel 41028A0428/00F000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ULTIM8
since 20112.198.225.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41028A0428/00F000 | Flanders | 657 m² | 1 · 94 m² | 9.6 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
33.96%
According to the 2023 annual accounts of ULTIM8 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,282 EUR awarded · 1,282 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,282 EUR | 1,282 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
6488RJF74I0XG2261J43
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Of 6,683 companies in sector 49330 we hold annual accounts for 2,299. 433 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
Founded17-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
82990Other business support services
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834597601
Also
9925:BE0834597601
Registered
03-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.