ULTIMATE SKILL (0460.708.032): financials and annual accounts

ULTIMATE SKILL

Woluwe-Saint-Lambert ·KBO/BCE: BE 0460.708.032

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	336,400	357,799	383,587	325,626	258,210	196,269	239,989	196,682	188,099	125,831	89,977	294,154	264,285	252,852	207,548	144,074	145,529	147,165	157,503	168,957
Fixed assets`21/28`	29,153	36,109	41,462	46,293	40,499	44,454	52,088	54,996	73,345	36,751	49,786	69,972	76,879	81,752	78,793	83,192	92,693	108,167	122,254	143,468
Intangible fixed assets`21`	-	-	-	-	-	4,133	8,267	-	-	-	5,896	16,437	9,292	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	28,856	35,812	41,164	45,996	40,201	40,023	43,524	54,699	73,048	36,454	43,593	53,237	67,290	81,455	78,495	82,895	92,395	107,870	121,957	143,171
Land and buildings`22`	16,022	18,410	20,799	23,187	25,575	28,447	31,319	34,411	44,541	30,790	38,532	46,274	54,016	61,758	69,500	77,243	79,824	87,050	91,308	98,237
Plant, machinery and equipment`23`	4,145	3,545	5,991	8,436	3,653	4,066	-	6,998	14,492	990	1,485	2,476	5,880	9,284	2,784	-	-	-	3,847	8,162
Furniture and vehicles`24`	7,438	12,606	13,125	13,124	9,724	6,260	10,955	12,040	12,765	3,424	2,326	3,237	6,144	9,162	4,961	4,402	2,479	1,885	275	1,403
Other tangible fixed assets`26`	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	-	-
Financial fixed assets`28`	297	297	297	297	297	297	297	297	297	297	297	297	297	297	297	297	297	297	297	297
Current assets`29/58`	307,247	321,689	342,125	279,333	217,711	151,815	187,901	141,686	114,754	89,080	40,190	224,182	187,405	171,100	128,755	60,882	52,837	38,997	35,249	25,489
Amounts receivable within one year`40/41`	254,071	244,381	266,282	202,612	201,049	151,528	146,945	122,568	113,683	87,606	39,009	188,754	163,985	171,100	127,359	56,251	52,837	38,997	35,197	19,433
Trade receivables`40`	34,302	42,692	50,282	56,001	22,716	-	17,080	23,268	41,349	39,451	19,716	4,794	23,481	73,771	80,035	46,806	33,314	34,467	29,780	13,716
Other amounts receivable`41`	219,769	201,688	216,000	146,611	178,333	151,528	129,865	99,300	72,334	48,155	19,293	183,960	140,504	97,329	47,324	9,444	19,523	4,531	5,417	5,717
Cash at bank and in hand`54/58`	53,176	77,309	75,843	76,721	16,662	287	40,956	19,118	1,071	1,474	1,182	35,428	23,420	-	1,397	4,631	-	-	52	6,056
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	336,400	357,799	383,587	325,626	258,210	196,269	239,989	196,682	188,099	125,831	89,977	294,154	264,285	252,852	207,548	144,074	145,529	147,165	157,503	168,957
Equity`10/15`	170,186	258,666	249,929	235,278	165,739	120,688	137,857	113,288	96,927	72,097	50,024	34,874	211,110	183,166	125,965	77,559	81,073	65,065	55,103	50,956
Contributions`10/11`	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000
Issued capital`100`	-	-	-	-	-	-	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000
Reserves`13`	94,048	181,696	172,100	157,450	87,950	42,950	42,950	18,450	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100
Non-distributable reserves`130/1`	2,100	2,100	2,100	2,100	2,100	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100
Reserves not available under the articles`1311`	2,100	2,100	2,100	2,100	2,100	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	91,948	179,596	170,000	155,350	85,850	40,850	40,850	16,350	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	55,137	55,970	56,829	56,828	56,789	56,738	73,907	73,838	73,827	48,997	26,924	11,774	188,010	160,066	102,865	54,459	57,973	41,965	32,003	27,856
Amounts payable`17/49`	166,214	99,132	133,657	90,348	92,471	75,582	102,132	83,394	91,172	53,734	39,953	259,280	53,175	69,686	81,583	66,515	64,456	82,099	102,400	118,001
Amounts payable after more than one year`17`	-	-	-	-	-	3,285	13,553	8,900	10,886	-	-	-	-	20,000	-	-	6,215	15,423	29,051	52,086
Financial debts`170/4`	-	-	-	-	-	3,285	13,553	8,900	10,886	-	-	-	-	20,000	-	-	6,215	15,423	29,051	52,086
Amounts payable within one year`42/48`	166,214	99,132	133,657	90,348	92,471	72,296	88,579	71,052	78,583	53,734	39,953	259,280	52,827	49,686	81,583	66,515	55,741	66,208	68,349	62,915
Current portion of amounts payable after more than one year`42`	-	-	-	-	3,285	10,268	10,074	3,986	5,911	-	-	-	-	-	-	6,215	8,303	12,721	23,035	22,557
Financial debts`43`	-	-	-	-	-	12,881	-	-	3,613	-	-	-	20,391	1,679	11,174	-	13,706	957	7,164	-
Credit institutions`430/8`	-	-	-	-	-	12,881	-	-	3,613	-	-	-	20,391	1,679	11,174	-	13,706	957	7,164	-
Trade debts`44`	25,205	30,371	33,189	30,756	62,550	34,120	38,847	26,323	27,672	19,168	17,306	29,376	16,158	17,115	23,209	11,822	2,621	12,579	11,715	8,656
Suppliers`440/4`	25,205	30,371	33,189	30,756	62,550	34,120	38,847	26,323	27,672	19,168	17,306	29,376	16,158	17,115	23,209	11,822	2,621	12,579	11,715	8,656
Taxes, remuneration and social security`45`	25,676	43,403	69,521	59,592	26,635	15,027	39,659	40,743	41,386	34,565	22,647	29,903	16,278	30,892	47,200	48,479	31,112	39,951	26,435	31,702
Taxes`450/3`	16,770	35,607	62,999	59,592	26,635	15,027	39,659	40,743	41,386	34,565	22,647	29,903	16,278	30,892	47,200	48,479	31,112	39,951	26,435	31,702
Remuneration and social security`454/9`	8,906	7,796	6,522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	115,333	25,359	30,948	-	-	-	-	-	-	-	-	200,000	-	-	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	3,442	1,703	-	-	-	348	-	-	-	2,500	468	5,000	3,000
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210,996	214,725	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	4,088	-	-	-	2,559	-	-	-	-	-
Gross operating margin`9900`	75,872	89,067	84,612	110,839	71,867	-3,899	56,938	53,741	59,974	51,071	38,978	52,774	53,293	97,620	101,524	28,512	48,890	43,547	41,252	39,307
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182,484	165,836	-	-	-
Remuneration, social security and pensions`62`	28,153	26,810	25,129	-	-	-	-	-	-	-	-	-	-	-	-	-	187	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	9,601	12,843	13,022	9,927	14,576	14,054	20,028	23,911	22,057	16,494	24,631	24,594	20,229	17,011	12,702	19,361	16,810	21,268	21,214	22,188
Other operating charges`640/8`	3,042	2,955	2,852	3,931	2,289	2,275	2,248	2,087	2,050	2,024	1,909	1,964	2,169	1,866	4,255	4,898	3,113	1,714	1,885	1,855
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	198	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	35,076	46,458	43,609	96,980	55,002	-20,227	34,662	27,545	35,867	32,553	12,437	26,216	30,895	78,744	84,567	4,253	28,779	20,565	18,153	15,264
Financial income`75/76B`	5,808	6,027	5,420	4,731	4,734	4,961	3,858	3,639	5,001	3,232	8,208	13,917	9,647	6,991	2,347	1,258	1,169	460	510	634
Recurring financial income`75`	5,808	6,027	5,420	4,731	4,734	4,961	3,858	3,639	5,001	3,232	8,208	13,917	9,647	6,991	2,347	1,258	1,169	460	510	634
Financial charges`65/66B`	888	914	859	809	2,169	1,492	1,548	2,828	2,269	803	1,889	989	1,809	1,618	9,572	7,933	5,807	5,562	10,341	6,333
Recurring financial charges`65`	888	914	859	809	2,169	1,492	1,548	2,828	2,269	803	1,889	989	1,809	1,618	9,572	7,933	5,807	5,562	10,341	6,333
Profit (loss) for the period before taxes`9903`	39,996	51,571	48,170	100,902	57,566	-16,758	36,972	28,356	38,598	34,981	22,845	39,144	38,733	84,117	79,900	-2,422	24,140	15,462	8,322	9,565
Income taxes`67/77`	13,144	17,475	17,169	31,363	12,515	411	12,403	11,995	13,768	12,908	7,694	15,380	10,789	26,916	31,494	1,093	8,132	5,500	4,175	4,975
Profit (loss) for the period`9904`	26,853	34,096	31,001	69,539	45,052	-17,169	24,569	16,360	24,830	22,073	15,150	23,764	27,945	57,201	48,406	-3,514	16,008	9,962	4,147	4,590
Profit (loss) for the period to be appropriated`9905`	26,853	34,096	31,001	69,539	45,052	-17,169	24,569	16,360	24,830	22,073	15,150	23,764	27,945	57,201	48,406	-3,514	16,008	9,962	4,147	4,590
Appropriation of the result
Profit (loss) to be appropriated`9906`	82,823	90,925	87,829	126,328	101,789	56,738	98,407	90,188	73,827	48,997	26,924	211,774	188,010	160,066	102,865	54,459	57,973	41,965	32,003	27,856
Profit (loss) brought forward from the previous period`14P`	55,970	56,829	56,828	56,789	56,738	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	114,500	24,500	16,350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	26,853	34,096	31,000	69,500	45,000	-	24,500	16,350	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	26,853	34,096	31,000	69,500	45,000	-	24,500	16,350	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	115,333	25,359	16,350	-	-	-	-	-	-	-	-	200,000	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	115,333	25,359	16,350	-	-	-	-	-	-	-	-	200,000	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	1	0.9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	-	1,405	1,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	25-09-2026	2026-00523748	PDF
31-12-2024	micro format	30-09-2025	2025-00515527	PDF
31-12-2023	micro format	08-10-2024	2024-00501123	PDF
31-12-2022	micro format	29-09-2023	2023-00464168	PDF
31-12-2021	micro format	30-09-2022	2022-20446222	PDF
31-12-2020	micro format	06-08-2021	2021-47200118	PDF
31-12-2019	micro format	27-10-2020	2020-63800406	PDF
31-12-2018	micro format	21-08-2019	2019-51000005	PDF
31-12-2017	micro format	27-09-2018	2018-65900215	PDF
31-12-2016	micro format	23-08-2017	2017-46700447	PDF
31-12-2015	full format	31-08-2016	2016-56600240	PDF
31-12-2014	full format	31-08-2015	2015-56100433	PDF
31-12-2013	full format	31-08-2014	2014-56700143	PDF
31-12-2012	full format	30-08-2013	2013-56500193	PDF
31-12-2011	full format	27-08-2012	2012-47100182	PDF
31-12-2010	full format	26-08-2011	2011-46400440	PDF
31-12-2009	full format	29-09-2010	2010-56100393	PDF
31-12-2008	full format	30-09-2009	2009-79400209	PDF
31-12-2007	full format	20-08-2008	2008-60000185	PDF
31-12-2006	full format	21-08-2007	2007-59500317	PDF
31-12-2005	full format	01-08-2006	2006-56000249	PDF
31-12-2004	full format	03-10-2005	2005-79500023	PDF
31-12-2003	full format	30-07-2004	2004-55301068	PDF
31-12-2002	full format	29-07-2003	2003-53001253	PDF
31-12-2001	full format	01-07-2002	2002-31102222	PDF
31-12-2000	full format	12-07-2001	2001-37101471	PDF
31-12-1999	full format	16-08-2000	2000-51401491	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	44,677	59,302	56,631	106,907	69,577	-6,174	54,690	51,456	57,924	49,047	37,069	50,810	51,124	95,754	97,269	23,615	45,589	41,833	39,367	37,452
Cash flow	36,454	46,939	44,023	79,466	59,627	-3,116	44,597	40,272	46,887	38,567	39,781	48,358	48,173	74,211	61,108	15,847	32,818	31,230	25,361	26,778
Investment in fixed assets (approximation)	2,645	7,491	8,190	9,626	10,620	6,419	17,120	5,563	58,651	3,459	4,446	17,687	15,356	19,970	8,303	9,861	1,804	6,712	0	56,577
Change in cash	-24,133	1,466	-877	60,059	16,375	-40,669	21,838	18,047	-403	292	-34,246	12,008	-	-	-3,234	-	-	-	-6,004	-
Working capital	141,033	222,557	208,468	188,985	125,240	79,519	99,322	70,634	36,171	35,346	238	-35,098	134,578	121,413	47,172	-5,633	-2,905	-27,210	-33,100	-37,426
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.0%	13.4%	-	-	-
Solvency	50.6%	72.3%	65.2%	72.3%	64.2%	61.5%	57.4%	57.6%	51.5%	57.3%	55.6%	11.9%	79.9%	72.4%	60.7%	53.8%	55.7%	44.2%	35.0%	30.2%
Current ratio	1.85	3.25	2.56	3.09	2.35	2.10	2.12	1.99	1.46	1.66	1.01	0.86	3.55	3.44	1.58	0.92	0.95	0.59	0.52	0.41
Debt to equity	0.98	0.38	0.53	0.38	0.56	0.63	0.74	0.74	0.94	0.75	0.80	7.43	0.25	0.38	0.65	0.86	0.80	1.26	1.86	2.32
ROE	15.8%	13.2%	12.4%	29.6%	27.2%	-14.2%	17.8%	14.4%	25.6%	30.6%	30.3%	68.1%	13.2%	31.2%	38.4%	-4.5%	19.7%	15.3%	7.5%	9.0%
ROA	8.0%	9.5%	8.1%	21.4%	17.4%	-8.7%	10.2%	8.3%	13.2%	17.5%	16.8%	8.1%	10.6%	22.6%	23.3%	-2.4%	11.0%	6.8%	2.6%	2.7%
Interest coverage	50.30	64.85	65.94	over 100	32.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81 days	57 days	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24 days	6 days	-	-	-

Item	31-12-2024	31-12-2023
Employees at the balance-sheet date	1	1
part-time	1	1
in full-time equivalents	0.8	0.8
Average over the year, in full-time equivalents	0.8	0.7
On a permanent contract	1	1
Joined	-	1
Left	-	0

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,645	€7,491	€8,190	€9,626	€10,620
Depreciation and write-downs of the year	€9,601	€12,843	€13,022	€9,927	€14,576

ULTIMATE SKILL

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency50.6%

Current ratio1.85

Return on assets8.0%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on ULTIMATE SKILL

Next steps