ULTIME COMPANY
InactiveULTIME COMPANY was declared bankrupt on 22-01-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 04-11-2025, published in the Belgian State Gazette on 10-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-02-2022, 153 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
153 d early
2020
25 d late
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€31k▲ 29.5%
2020 · €24k
2018: €22k
2019: €21k
2020: €24k
2018 → 2021
Total assets
€119k▲ 171%
2020 · €44k
2018: €91k
2019: €64k
2020: €44k
2018 → 2021
Net result
€7k▲ 146%
2020 · €3k
2018: €-426
2019: €-579
2020: €3k
2018 → 2021
Working capital
€26k▲ 39.8%
2020 · €18k
2018: €17k
2019: €24k
2020: €18k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€22k-€21k▼ 2.7%€24k▲ 13.6%€31k▲ 29.5%
Operating result€4k-€3k▼ 22.1%€6k▲ 72.1%€11k▲ 93.2%
Net result€-426-€-579▼ 36.1%€3k€7k▲ 146%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 93% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €119k
Fixed assets
€6k ▼ 2.5%
Current assets
€113k ▲ 198%
Equity and liabilities €119k
Equity
€31k ▲ 29.5%
Debt
€88k ▲ 344%
Debt's share of the balance-sheet total rises from 45.0% to 73.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▼
2020 · €14k
Cash flow
€7k▼
2020 · €12k
Current ratio
1.29▼
2020 · 1.93
ROE
22.8%▲
2020 · 12.0%
ROA
6.0%▼
2020 · 6.6%
Debt ≤ 1 year
€88k▲
2020 · €20k
Income taxes
€2k▲
2020 · €1k
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 · 2021 against 2020 · 23 lines
Balance sheet
Code20202021
Assets
Total assets20/58€44k€119k▲
Fixed assets21/28€6k€6k▼
Tangible fixed assets22/27€6k€6k▼
Financial fixed assets28€50€50=
Current assets29/58€38k€113k▲
Amounts receivable within one year40/41€22k€95k▲
Cash at bank and in hand54/58€16k€19k▲
Equity and liabilities
Total equity and liabilities10/49€44k€119k▲
Equity10/15€24k€31k▲
Reserves13€12k€12k=
Profit (loss) carried forward14€-13k€-5k▲
Amounts payable17/49€20k€88k▲
Amounts payable within one year42/48€20k€88k▲
Trade debts44€2k€28k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€149▼
Gross operating margin9900€17k€12k▼
Operating profit (loss)9901€6k€11k▲
Recurring financial income75€0-
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€4k€10k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€3k€7k▲
Profit (loss) for the period to be appropriated9905€3k€7k▲
Timeline · acts, filings and financial milestones
2025
10-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · ULTIME COMPANY SRL RUE DE BRUXELLES 3, 4000 LIEGE 1. déclarée le 22 janvier 2024 · event 04-11-2025
2024
26-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · ULTIME COMPANY SRL RUE DE BRUXELLES 3, 4000 LIEGE 1 · event 22-01-2024
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €7k ▲146%
Operating result €11k, net result €7k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Weakest financial yearnet €-579
Net result drops to €-579, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Show earlier events
2015
05-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 66 days late
2014
15-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
13-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN BODEUS QUAI DE ROME 19/8, 4000 LIEGE 1- |
22-01-2024 → 04-11-2025 |
| Curator | JEAN-PHILIPPE RENAUD QUAI DES
ARDENNES 65, 4020 LIEGE 2 |
22-01-2024 → 04-11-2025 |