ULTIMATE
Open bankruptcyA bankruptcy procedure is open for ULTIMATE according to publications in the Belgian State Gazette; curator: RONNY CEUSTERS.
Summary
The 2017 annual accounts show equity of €264k and a net result of €20k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 17-08-2018, 17 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2016 · €0
2013: €0
2014: €0
2015: €0
2016: €0
2013 → 2017
Total assets
€1.23M=
2016 · €1.23M
2013: €27k
2014: €201k
2015: €708k
2016: €1.23M
2013 → 2017
Net result
€20k▼ 91.7%
2016 · €237k
2013: €-4k
2014: €50k
2015: €237k
2016: €237k
2013 → 2017
Working capital
€365k▼ 5.8%
2016 · €388k
2013: €-27k
2014: €21k
2015: €340k
2016: €388k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Turnover€0-€0€0€0€0
Equity€-28k-€-27k▲ 5.5%€245k€264k▲ 8.0%€264k=
Operating result€7k-€63k▲ 809%€367k▲ 479%€367k=€59k▼ 84.0%
Net result€-4k-€50k€237k▲ 376%€237k=€20k▼ 91.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2017 is 84% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €1.23M
Fixed assets
€3k ▼ 34.6%
Current assets
€1.23M =
Equity and liabilities €1.23M
Equity
€264k =
Provisions
€86k ▼ 13.1%
Debt
€881k ▲ 0.1%
Debt's share of the balance-sheet total rises from 70.8% to 71.6%. Debt is higher.
Key figures and ratios
EBITDA
€61k▼
2016 · €369k
Cash flow
€22k▼
2016 · €239k
Current ratio
1.42▼
2016 · 1.46
Quick ratio
1.42▼
2016 · 1.45
ROE
7.4%▼
2016 · 89.5%
ROA
1.6%▼
2016 · 19.2%
Debt ≤ 1 year
€863k▲
2016 · €841k
Income taxes
€14k▼
2016 · €126k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2017 against 2016 · 31 lines
Balance sheet
Code20162017
Assets
Total assets20/58€1.23M€1.23M=
Formation expenses20€0€0=
Fixed assets21/28€4k€3k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€4k€3k▼
Financial fixed assets28€0€0=
Current assets29/58€1.23M€1.23M=
Stocks and contracts in progress3€12k€4k▼
Amounts receivable within one year40/41€1.07M€1.11M▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€159k€154k▼
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.23M=
Equity10/15€264k€264k=
Contributions10/11€6k€6k=
Reserves13€258k€258k=
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€99k€86k▼
Amounts payable17/49€881k€881k▲
Amounts payable within one year42/48€841k€863k▲
Trade debts44€113k€272k▲
Income statement
Code20162017
Turnover70€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Gross operating margin9900€477k€57k▼
Operating profit (loss)9901€367k€59k▼
Recurring financial income75€1k€1k▲
Recurring financial charges65€26k€26k=
Profit (loss) for the period before taxes9903€362k€34k▼
Income taxes67/77€126k€14k▼
Profit (loss) for the period9904€237k€20k▼
Profit (loss) for the period to be appropriated9905€237k€20k▼
Appropriation of the result
Return on contributions (dividend)694€15k€0▼
Timeline · acts, filings and financial milestones
2019
24-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 17-09-2019
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-12
Financial
Equity above €200kEq €245k
2 profitable years in a row build equity to €245k.
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.50 to 1.12.
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
18-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Turnhout · 1 establishment unit since 2009
Ground area
282 m²
Parcel 13453O0732/00H000, Flanders. Linked by address, not a title deed.
71
companies at this address
See who is registered here
1 establishment unit
Ultimate
since 20092.178.185.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0732/00H000 | Flanders | 282 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY CEUSTERS GEMEENTESTRAAT 4, BUS 6,
2300 TURNHOUT |
17-09-2019 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,121 companies in sector 46500 we hold annual accounts for 1,403. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-05-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.