Ultimate Group
ActiveThe computed 12-month bankruptcy probability of Ultimate Group is 4.0% (moderate). For Ultimate Group, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-134k) and a net result of €22k. Equity is shrinking by ~35.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 1186 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability80▲+80
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
-55.5%
Return on assets
8.9%
Age of the figures
39 mo
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
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 04-04-2024, 64 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
64 d late
2022
317 d late
2020
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
€133k
EBIT margin
3.6%
Net result
€22k
2022 · €-151k
2020: €5k
2022: €-151k
2020 → 2023
Working capital
€-223k▲ 10.5%
2022 · €-249k
2020: €-107k
2022: €-249k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020222023Trend
Turnover€133k-
Equity€8k-€-156k€-134k▲ 13.9%
Operating result€5k-€-137k€36k
Net result€5k-€-151k€22k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €36k after a loss of €137k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €242k
Fixed assets
€88k▼ 25.0%
Current assets
€154k▲ 56.9%
Key figures and ratios
EBITDA
€71k▲
2022 · €-103k
Cash flow
€57k▲
2022 · €-117k
Solvency
-55.5%▲
2022 · -72.3%
Current ratio
0.41▲
2022 · 0.28
Quick ratio
0.30▲
2022 · 0.20
Debt / equity
-2.80▼
2022 · -2.38
ROA
8.9%▲
2022 · -70.0%
Interest coverage
104.59▲
2022 · -144.37
Debt
€377k▲
2022 · €372k
Debt ≤ 1 year
€377k▲
2022 · €347k
Income taxes
€14k=
2022 · €14k
Staff costs
€5k▼
2022 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€216k€242k▲
Fixed assets21/28€118k€88k▼
Intangible fixed assets21€38k€30k▼
Tangible fixed assets22/27€80k€58k▼
Land and buildings22€14k€11k▼
Plant, machinery and equipment23€31k€19k▼
Furniture and vehicles24€15k€11k▼
Leasing and similar rights25-€17k
Other tangible fixed assets26€21k-
Financial fixed assets28€150€150=
Current assets29/58€98k€154k▲
Stocks and contracts in progress3€30k€41k▲
Stocks30/36€30k€41k▲
Amounts receivable within one year40/41€43k€79k▲
Trade receivables40€26k€73k▲
Other amounts receivable41€17k€6k▼
Cash at bank and in hand54/58€25k€34k▲
Equity and liabilities
Total equity and liabilities10/49€216k€242k▲
Equity10/15€-156k€-134k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-159k€-137k▲
Amounts payable17/49€372k€377k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€347k€377k▲
Current portion of amounts payable after more than one year42€20k€17k▼
Financial debts43€2k€630▼
Credit institutions430/8€2k€630▼
Trade debts44€41k€39k▼
Suppliers440/4€41k€39k▼
Taxes, remuneration and social security45-€30k
Taxes450/3-€30k
Other amounts payable47/48€284k€290k▲
Accrued charges and deferred income492/3€20k-
Income statement
Code20222023
Remuneration, social security and pensions62€9k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€36k▲
Other operating charges640/8€6k€3k▼
Gross operating margin9900€-88k€79k▲
Operating profit (loss)9901€-137k€36k▲
Financial income75/76B€819€468▼
Recurring financial income75€819€468▼
Financial charges65/66B€858€683▼
Recurring financial charges65€715€683▼
Non-recurring financial charges66B€143-
Profit (loss) for the period before taxes9903€-137k€36k▲
Income taxes67/77€14k€14k=
Profit (loss) for the period9904€-151k€22k▲
Profit (loss) for the period to be appropriated9905€-151k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-159k€-137k▲
Profit (loss) brought forward from the previous period14P€-8k€-159k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 64 days late
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 317 days late
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
2022
30-06
Financial
Weakest financial yearnet €-151k ▼3285%
Net result drops to €-151k, the lowest in the series; recovery starts the following year.
2021
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Etterbeek · 2 establishment units since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jachtlaan 1351040 EtterbeekGround area
2,339 m²
Building footprint
280 m²
Volume, LiDAR
1,923 m³
2 parcels, Brussels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Ultimate Group
since 20192.295.353.164
Ultimate Wrap
since 20212.317.959.807
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093F0678/00C000 | Flanders | 2,263 m² | 1 · 216 m² | 7.7 m · 2 fl. |
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 780 EUR awarded · 780 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 780 EUR | 780 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,572 companies in sector 82300 we hold annual accounts for 1,671. 819 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2019
Fiscal year end30-06
Activities, NACEBEL
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
82300Organisation of conventions and trade shows
18120Other printing
18130Pre-press and pre-media services
73110Advertising agencies
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
82100Office administrative and support services
82190Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.