ULTIMI
ActiveULTIMI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446k and a net result of €11k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-7
Solvency68▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.78 in 2024; short-term debt: 55% and cash: 31.8% of total assets), and 56.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.3%
Return on assets
1.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
36 d early
2023
23 d early
2022
11 d early
2021
23 d early
2020
11 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€446k▲ 2.6%
2024 · €435k
2018: €20k
2019: €203k
2020: €252k
2021: €322k
2022: €371k
2023: €387k
2024: €435k
2018 → 2025
Total assets
€1.03M▲ 37.0%
2024 · €752k
2018: €505k
2019: €573k
2020: €560k
2021: €866k
2022: €863k
2023: €878k
2024: €752k
2018 → 2025
Net result
€11k▼ 76.1%
2024 · €48k
2018: €-26k
2019: €183k
2020: €50k
2021: €71k
2022: €51k
2023: €16k
2024: €48k
2018 → 2025
Working capital
€239k▲ 4.5%
2024 · €228k
2018: €-18k
2019: €103k
2020: €165k
2021: €228k
2022: €279k
2023: €190k
2024: €228k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€322k-€371k▲ 15.5%€387k▲ 4.2%€435k▲ 12.3%€446k▲ 2.6%
Operating result€103k-€74k▼ 27.9%€22k▼ 70.9%€69k▲ 218%€21k▼ 69.8%
Net result€71k-€51k▼ 27.4%€16k▼ 69.5%€48k▲ 204%€11k▼ 76.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€225k▼ 2.8%
Current assets
€806k▲ 54.8%
Equity and liabilities €1.03M
Equity
€446k▲ 2.6%
Debt
€585k▲ 84.1%
The debt ratio rises from 42.2% to 56.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70k▼
2024 · €133k
Cash flow
€60k▼
2024 · €112k
Solvency
43.3%▼
2024 · 57.8%
Current ratio
1.42▼
2024 · 1.78
Quick ratio
1.31▼
2024 · 1.70
Debt / equity
1.31▲
2024 · 0.73
ROE
2.6%▼
2024 · 11.0%
ROA
1.1%▼
2024 · 6.3%
Interest coverage
11.59▼
2024 · 47.78
Debt
€585k▲
2024 · €318k
Debt ≤ 1 year
€567k▲
2024 · €292k
Debt > 1 year
€15k▼
2024 · €25k
Income taxes
€6k▼
2024 · €22k
Staff costs
€283k▲
2024 · €252k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€752k€1.03M▲
Fixed assets21/28€232k€225k▼
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€198k€203k▲
Plant, machinery and equipment23€68k€63k▼
Furniture and vehicles24€62k€65k▲
Leasing and similar rights25€36k€28k▼
Other tangible fixed assets26€32k€47k▲
Financial fixed assets28€28k€18k▼
Current assets29/58€521k€806k▲
Stocks and contracts in progress3€25k€61k▲
Stocks30/36€25k€61k▲
Amounts receivable within one year40/41€210k€405k▲
Trade receivables40€151k€371k▲
Other amounts receivable41€60k€34k▼
Cash at bank and in hand54/58€280k€328k▲
Deferred charges and accrued income490/1€6k€13k▲
Equity and liabilities
Total equity and liabilities10/49€752k€1.03M▲
Equity10/15€435k€446k▲
Contributions10/11€25k€25k=
Reserves13€410k€421k▲
Distributable reserves133€410k€421k▲
Amounts payable17/49€318k€585k▲
Amounts payable after more than one year17€25k€15k▼
Financial debts170/4€25k€15k▼
Amounts payable within one year42/48€292k€567k▲
Current portion of amounts payable after more than one year42€11k€11k=
Trade debts44€149k€187k▲
Suppliers440/4€149k€187k▲
Advances received on contracts in progress46€124k€359k▲
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€8k€2k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€0€6k▲
Accrued charges and deferred income492/3€0€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€252k€283k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€49k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-66k€0▲
Other operating charges640/8€37k€7k▼
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€362k€359k▼
Operating profit (loss)9901€69k€21k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€69k€17k▼
Income taxes67/77€22k€6k▼
Profit (loss) for the period9904€48k€11k▼
Profit (loss) for the period to be appropriated9905€48k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€11k▼
Transfer to equity691/2€48k€11k▼
To other reserves6921€48k€11k▼
Social balance
Average headcount (FTE)90874.24.8▲
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €183k
Net result €183k after one loss-making year.
31-12
Financial
Equity above €200kEq €203k ▲906%
Equity rises from €20k to €203k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Aalter · 3 establishment units since 2009
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.
A.L. Huxleystraat 29881 AalterGround area
3,231 m²
Building footprint
1,112 m²
Volume, LiDAR
9,135 m³
4 parcels, Flanders · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
ULTIMI
since 20092.175.278.250
ULTIMI
since 20102.187.496.290
ULTIMI
since 20212.315.325.068
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0083/00F002 | Flanders | 1,528 m² | 1 · 655 m² | 9.0 m · 2 fl. |
| 44009C0304/00P000 | Flanders | 821 m² | 1 · 155 m² | 10.9 m · 3 fl. |
| 44009C0304/00R000 | Flanders | 709 m² | 1 · 130 m² | 20.3 m · 5 fl. |
| 35013A1599/00A004 | Flanders | 171 m² | 1 · 171 m² | 21.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 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
2022 to 2025 · 5 entries · 4,490 EUR awarded · 4,443 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,547 EUR | 1,500 EUR |
| 2024 | 1 | 1,870 EUR | 1,870 EUR |
| 2023 | 1 | 432 EUR | 432 EUR |
| 2022 | 1 | 641 EUR | 641 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
1 live approvalBinnen- en buitenschrijnwerk duaal (so)
Similar companies · same sector, comparable size
CRI CRI
BE 0428.704.267
Kortrijk · Eq €446k
VERINVEST
BE 0443.838.940
Gent · Eq €446k
IMMOVA INTERNATIONAL
BE 0450.372.582
Gent · Eq €447k
COSTERMANS PROJECTEN
BE 0474.716.218
Wijnegem · Eq €446k
Mac Projectontwikkeling
BE 0892.803.737
Scherpenheuvel-Zichem · Eq €445k
Of 9,696 companies in sector 68121 we hold annual accounts for 7,378. 4,827 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2008
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
71112Activities of interior architects
73110Advertising agencies
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.