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Ultimate Cars & Construction

Active
Private limited companyfounded 2019active for 7 yearsMassemsesteenweg 147, 9230 Wetteren, BelgiumKBO/BCE: BE 0730.654.082
Summary

The computed 12-month bankruptcy probability of Ultimate Cars & Construction is 2.0% (moderate). The 2025 annual accounts show equity of €11,109 and a net result of -€4,222. Equity has been growing by about 26% per year since 2020. Its solvency ranks better than 22% of 9,380 sector peers (NACE 41, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 12-07-2019 Normal situation
Activity
General construction of residential buildings NACE 41001and 4 others
Establishment unit
2.291.249.470 9230 Wetteren, since 10-07-2019
Financial year end
30 June
Peppol
Reachable since 13-10-2025

Board and ownership

Board
  • Vereecken GuntherDirector
  • Vereecken MilanDirector

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.0%
Annual accounts to 30-06-2025
Gross margin
€25,602
▼ 58.1%
Turnover
≈ €180,000
estimated
Loss
€4,222
Equity
€11,109
▼ 27.5%
Total assets
€77,524
▼ 16.4%
Staff
≈ 0 FTE
estimated
Filed on 12-01-2026, 19 days before the deadline
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2019Equity €11,109 (14.3% of total assets)lowers riskLiquidity: current ratio 0.74, cash €17,826Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 26% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Weak
Solvency 39-3
equity 14.3% of total assets
Liquidity 42+7
short-term debt 68.8% · cash 23.0%
Profitability 43-38
return on assets -5.4%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,452 companies, NACE 41, micro)
Last 24 months 12-2024: 3.0%highest value 01-2025: 1.8%▼ -1.2 percentage points vs 12-2024 02-2025: 1.9%▲ +0.1 percentage points vs 01-2025 03-2025: 1.8%▼ -0.1 percentage points vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 1.7%▼ -0.1 percentage points vs 06-2025 08-2025: 1.7%● unchanged vs 07-2025 09-2025: 1.7%● unchanged vs 08-2025 10-2025: 1.6%▼ -0.1 percentage points vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025lowest value 01-2026: 1.8%▲ +0.2 percentage points vs 12-2025 02-2026: 1.9%▲ +0.1 percentage points vs 01-2026 03-2026: 1.9%● unchanged vs 02-2026 04-2026: 1.9%● unchanged vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 1.9%● unchanged vs 05-2026 07-2026: 1.9%● unchanged vs 06-2026 08-2026: 1.9%● unchanged vs 07-2026 09-2026: 1.9%● unchanged vs 08-2026 10-2026: 2.0%▲ +0.1 percentage points vs 09-2026 11-2026: 2.0%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.74 (0.66 in 2024), below 1. Short-term debt is 68.8% and cash 23% of total assets. 85.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 21% of them on solvency, 39% on liquidity, 25% on profitability and 16% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 0.74, cash €17,826
NBB · annual accounts
raises risk · Equity €11,109 (14.3% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9380 sector peers (2025).
NBB · sector comparison
Position among 9380 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
19 days early
2024
38 days early
2023
43 days early
2022
42 days early
2021
27 days early
2020
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 32 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 24 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 80% of companies in construction of buildingssector median €8,543 · 9,370 companies -€4,222 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

Recent changes

  1. · Gazette deed Incorporation
All 9 events

Comparable companies

These companies have the same main activity as Ultimate Cars & Construction: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €69,400 and €94,500, founded between 2018 and 2020.

CompanyTotal assetsGross margin
Ultimate Cars & Construction Wetteren€77,524€25,602
BOUWWERKEN VAN DEN BULCKE DAVY Lochristi€69,504€23,486
Algemene Bouwonderneming Wim van Remortel Stekene€69,352€29,265
Algemene Bouwonderneming Tavernier Kevin Wichelen€94,460€25,865
CBE CONSTRUCT Gent€78,819€23,459
Van Hecke Filip Berlare€87,911€22,393
DWN Works Destelbergen€71,920€21,028
Full comparison

Key facts about Ultimate Cars & Construction

What is the company number of Ultimate Cars & Construction?
The company number of Ultimate Cars & Construction is 0730.654.082. The VAT number is the same number with BE in front: BE 0730.654.082.
Where is Ultimate Cars & Construction based?
The registered office is at Massemsesteenweg 147, 9230 Wetteren.Company details
What does Ultimate Cars & Construction do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of Ultimate Cars & Construction?
The legal form of Ultimate Cars & Construction is Private limited company (BV).
When was Ultimate Cars & Construction founded?
Ultimate Cars & Construction was founded on 12-07-2019.
Is Ultimate Cars & Construction still active?
Yes, Ultimate Cars & Construction is an active enterprise in the KBO register.
How many employees does Ultimate Cars & Construction have?
Ultimate Cars & Construction had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Ultimate Cars & Construction?
The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €25,602 and 163 comparable companies (NACE 41001). It probably lies between €100,000 and €320,000.
Is Ultimate Cars & Construction profitable?
In financial year 2025, Ultimate Cars & Construction made a loss of €4,222.
Where can I find the annual accounts of Ultimate Cars & Construction?
Ultimate Cars & Construction filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Ultimate Cars & Construction due?
Ultimate Cars & Construction must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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