ULTIMI
ActiveFrom the official registers: KBO 17 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
ULTIMI has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446,061 and a net result of €11,384. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 60% of 11,221 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 18-12-2008 Normal situation
- Legal form
- Private limited company
- Registered office
- A.L. Huxleystraat 2, 9881 Aalter
- Activity
- Development of residential building projects NACE 68121and 4 others
- Establishment units
- 3 establishment units
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Who decides
Board
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €359,364
- ▼ 0.8%
- Turnover
- ≈ €640,000
- estimated
- Profit
- €11,384
- ▼ 76.1%
- Equity
- €446,061
- ▲ 2.6%
- Total assets
- €1.0m
- ▲ 37.0%
- Staff
- 4.8 FTE
- ▲ 14.3%
2025 accounts 29 days early
Filed on 02-07-2026at the National Bank
Why 95lowers riskLiquidity: current ratio 1.42, cash €327,531Figures for financial year 2025 (filed 02-07-2026)Equity €446,061 (43.3% of total assets)Size: 4.8 FTE, total assets €1.0mShow the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Strong
Solvency
68-15
equity 43.3% of total assets
Liquidity
62-16
short-term debt 55.0% · cash 31.8%
Profitability
70-7
return on assets 1.1%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026
06-2026: 0.1%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.42, compared with 1.78 in 2024, below the usual 1.5; short-term debt: 55% and cash: 31.8% of total assets), and 56.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 59% on solvency, 73% on liquidity, 59% on profitability and 54% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskneutral
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 days early
2024
36 days early
2023
23 days early
2022
11 days early
2021
23 days early
2020
11 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials · financial year 2025, abbreviated format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 02-07-2026
- Format
- abbreviated format
- Reference
- 2026-00240433
Turnover
≈ €640,000
Estimated: probably between €490,000 and €1.1m
Total assets
€1.0m▲ 37.0%
2024 · €752,434
Net result
€11,384▼ 76.1%
2024 · €47,637
Working capital
€238,566▲ 4.5%
2024 · €228,371
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 70% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2025
Net result€0.01m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2025
Equity€0.4m
2025
Debt€0.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency43.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.42
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)4.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m-€0.2m€0.07m▼ 73.5%€0.1m▲ 58.2%€0.07m▼ 27.9%€0.02m▼ 70.9%€0.07m▲ 218%€0.02m▼ 69.8%
Net result-€0.03m-€0.2m€0.05mwithin the sector's middle half▼ 72.8%€0.07mwithin the sector's middle half▲ 42.5%€0.05mwithin the sector's middle half▼ 27.4%€0.02mwithin the sector's middle half▼ 69.5%€0.05mwithin the sector's middle half▲ 204%€0.01mwithin the sector's middle half▼ 76.1%
Equity€0.02m-€0.2m▲ 906%€0.3mwithin the sector's middle half▲ 24.5%€0.3mwithin the sector's middle half▲ 27.4%€0.4mwithin the sector's middle half▲ 15.5%€0.4mwithin the sector's middle half▲ 4.2%€0.4mwithin the sector's middle half▲ 12.3%€0.4mwithin the sector's middle half▲ 2.6%
Total assets€0.5m-€0.6m▲ 13.6%€0.6mbelow the sector's middle half▼ 2.3%€0.9mwithin the sector's middle half▲ 54.7%€0.9mwithin the sector's middle half▼ 0.4%€0.9mwithin the sector's middle half▲ 1.7%€0.8mwithin the sector's middle half▼ 14.3%€1.0mwithin the sector's middle half▲ 37.0%
Debt€0.5m-€0.4m▼ 23.6%€0.3m▼ 17.0%€0.5m▲ 77.2%€0.5m▼ 9.8%€0.5m▼ 0.2%€0.3m▼ 35.2%€0.6m▲ 84.1%
Working capital-€0.02m-€0.1m€0.2mwithin the sector's middle half▲ 59.4%€0.2mwithin the sector's middle half▲ 38.7%€0.3mwithin the sector's middle half▲ 22.0%€0.2mwithin the sector's middle half▼ 31.7%€0.2mwithin the sector's middle half▲ 20.0%€0.2mwithin the sector's middle half▲ 4.5%
Solvency4.0%-35.4%▲ 31.4pp45.1%within the sector's middle half▲ 9.7pp37.1%within the sector's middle half▼ 8.0pp43.0%within the sector's middle half▲ 5.9pp44.1%within the sector's middle half▲ 1.1pp57.8%within the sector's middle half▲ 13.7pp43.3%within the sector's middle half▼ 14.5pp
Current ratio0.96-1.28▲ 0.321.54within the sector's middle half▲ 0.261.42within the sector's middle half▼ 0.121.61within the sector's middle half▲ 0.191.45within the sector's middle half▼ 0.161.78within the sector's middle half▲ 0.331.42within the sector's middle half▼ 0.36
Return on assets (ROA)-5.2%-31.9%▲ 37.0pp8.9%above the sector's middle half▼ 23.0pp8.2%above the sector's middle half▼ 0.7pp6.0%above the sector's middle half▼ 2.2pp1.8%within the sector's middle half▼ 4.2pp6.3%above the sector's middle half▲ 4.5pp1.1%within the sector's middle half▼ 5.2pp
Staff (FTE)1.1-1.2▲ 9.1%1.6within the sector's middle half▲ 33.3%2.4within the sector's middle half▲ 50.0%3.7above the sector's middle half▲ 54.2%4.8above the sector's middle half▲ 29.7%4.2above the sector's middle half▼ 12.5%4.8above the sector's middle half▲ 14.3%
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€225,287 ▼ 2.8%
Current assets
€805,877 ▲ 54.8%
Equity and liabilities €1.0m
Equity
€446,061 ▲ 2.6%
Debt
€585,102 ▲ 84.1%
Debt's share of the balance-sheet total rises from 42.2% to 56.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,871▼
2024 · €132,979
Cash flow
€60,487▼
2024 · €111,765
Quick ratio
1.31▼
2024 · 1.70
Debt to equity
1.31▲
2024 · 0.73
ROE
2.6%▼
2024 · 11.0%
Interest coverage
11.59▼
2024 · 47.78
Debt ≤ 1 year
€567,311▲
2024 · €292,335
Debt > 1 year
€14,902▼
2024 · €25,422
Income taxes
€5,894▼
2024 · €21,718
Staff costs
€282,509▲
2024 · €251,936
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95.2%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,904 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €1,924 | - |
| Remuneration, social security and pensions62 | - | - | - | €117,138 | €192,451 | €280,616 | €251,936 | €282,509 | ▲ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,218 | €55,715 | €30,668 | €31,517 | €27,179 | €37,426 | €64,128 | €49,103 | ▼ 23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€6,455 | €0 | €35,000 | -€65,533 | €0 | - |
| Other operating charges640/8 | - | - | - | €7,697 | €3,489 | €5,264 | €37,464 | €6,983 | ▼ 81.4% |
| Non-recurring operating charges66A | - | - | - | - | €35,250 | €3,586 | €5,449 | €0 | ▼ 100% |
| Gross operating margin9900 | €78,108 | €407,145 | €180,587 | €253,160 | €332,838 | €383,538 | €362,294 | €359,364 | ▼ 0.8% |
| Operating profit (loss)9901 | -€19,676 | €245,945 | €65,267 | €103,264 | €74,469 | €21,645 | €68,851 | €20,768 | ▼ 69.8% |
| Financial income75/76B | - | - | - | €1,337 | €4,222 | €5,706 | €3,288 | €2,539 | ▼ 22.8% |
| Recurring financial income75 | €1,076 | €3,440 | €625 | €1,337 | €4,222 | €5,706 | €3,288 | €2,539 | ▼ 22.8% |
| Financial charges65/66B | - | - | - | €5,566 | €2,500 | €2,019 | €2,783 | €6,029 | ▲ 117% |
| Recurring financial charges65 | €7,539 | €8,341 | €5,659 | €5,566 | €2,500 | €2,019 | €2,783 | €6,029 | ▲ 117% |
| Profit (loss) for the period before taxes9903 | -€26,139 | €241,045 | €60,232 | €99,035 | €76,191 | €25,332 | €69,355 | €17,277 | ▼ 75.1% |
| Income taxes67/77 | €0 | €58,369 | €10,594 | €28,294 | €24,822 | €9,674 | €21,718 | €5,894 | ▼ 72.9% |
| Profit (loss) for the period9904 | -€26,139 | €182,675 | €49,638 | €70,741 | €51,369 | €15,658 | €47,637 | €11,384 | ▼ 76.1% |
| Profit (loss) for the period to be appropriated9905 | -€26,139 | €182,675 | €49,638 | €70,741 | €51,369 | €15,658 | €47,637 | €11,384 | ▼ 76.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.6m | €0.6m | €0.9m | €0.9m | €0.9m | €0.8m | €1.0m | ▲ 37.0% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.04m | €0.1m | €0.09m | €0.09m | €0.1m | €0.3m | €0.2m | €0.2m | ▼ 2.8% |
| Intangible fixed assets21 | €0.004m | €0.002m | €0.003m | €0.001m | €0.001m | €0.008m | €0.006m | €0.004m | ▼ 27.3% |
| Tangible fixed assets22/27 | €0.03m | €0.09m | €0.08m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.05m | €0.08m | €0.07m | €0.06m | ▼ 6.6% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.04m | €0.08m | €0.06m | €0.06m | ▲ 4.0% |
| Leasing and similar rights25 | - | - | - | - | - | €0.05m | €0.04m | €0.03m | ▼ 23.4% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.01m | €0.02m | €0.03m | €0.05m | ▲ 49.7% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.03m | €0.04m | €0.03m | €0.02m | ▼ 36.1% |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | €0.8m | €0.7m | €0.6m | €0.5m | €0.8m | ▲ 54.8% |
| Stocks and contracts in progress3 | €0.03m | €0.007m | €0.04m | €0.2m | €0.04m | €0.05m | €0.03m | €0.06m | ▲ 142% |
| Stocks30/36 | - | - | - | €0.03m | €0.04m | €0.05m | €0.03m | €0.06m | ▲ 142% |
| Contracts in progress37 | - | - | - | €0.2m | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.1m | €0.2m | €0.5m | €0.3m | €0.2m | €0.4m | ▲ 92.6% |
| Trade receivables40 | - | - | - | €0.1m | €0.5m | €0.2m | €0.2m | €0.4m | ▲ 146% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.01m | €0.06m | €0.06m | €0.03m | ▼ 43.6% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.09m | €0.2m | €0.4m | €0.1m | €0.3m | €0.3m | €0.3m | ▲ 17.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.02m | €0.03m | €0.006m | €0.01m | ▲ 132% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.6m | €0.9m | €0.9m | €0.9m | €0.8m | €1.0m | ▲ 37.0% |
| Equity10/15 | €0.02m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 2.6% |
| Contributions10/11 | €0.03m | €0.03m | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 2.8% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 2.8% |
| Profit (loss) carried forward14 | -€0.007m | €0 | - | €0 | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.5m | €0.4m | €0.3m | €0.5m | €0.5m | €0.5m | €0.3m | €0.6m | ▲ 84.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | €0.04m | €0.03m | €0.01m | ▼ 41.4% |
| Financial debts170/4 | - | - | - | - | - | €0.04m | €0.03m | €0.01m | ▼ 41.4% |
| Amounts payable within one year42/48 | €0.5m | €0.4m | €0.3m | €0.5m | €0.5m | €0.4m | €0.3m | €0.6m | ▲ 94.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.01m | €0.01m | €0.01m | = |
| Trade debts44 | €0.2m | €0.2m | €0.09m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 26.1% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | ▲ 26.1% |
| Advances received on contracts in progress46 | - | - | - | €0.4m | €0.3m | €0.2m | €0.1m | €0.4m | ▲ 190% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.01m | €0.01m | €0.01m | €0.004m | ▼ 59.1% |
| Taxes450/3 | - | - | - | €0.01m | €0.009m | €0.006m | €0.008m | €0.002m | ▼ 78.0% |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.002m | €0.004m | €0.001m | €0.002m | ▲ 44.3% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.01m | €0.007m | €0 | €0.006m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.04m | €0.04m | €0 | €0.003m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,139 | €182,675 | €49,638 | €70,741 | €51,369 | €15,658 | €47,637 | €11,384 | ▼ 76.1% |
| + Depreciation and write-downs630 | €59,218 | €55,715 | €30,668 | €31,517 | €27,179 | €37,426 | €64,128 | €49,103 | ▼ 23.4% |
| Operating cash flow (approximation) | €33,079 | €238,391 | €80,306 | €102,258 | €78,548 | €53,084 | €111,765 | €60,487 | ▼ 45.9% |
| Investment in fixed assets (approximation) | - | -€117,351 | -€18,930 | -€36,898 | -€61,581 | -€177,538 | -€28,153 | -€42,662 | ▼ 51.5% |
| Change in cash | - | €45,747 | €87,491 | €203,022 | -€241,713 | €127,543 | €14,730 | €47,677 | ▲ 224% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00240433 | NBB |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00173068 | |
| 31-12-2023 | abbreviated format | 08-07-2024 | 2024-00218615 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00292769 | |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20160716 | |
| 31-12-2020 | abbreviated format | 20-07-2021 | 2021-37600066 | |
| 31-12-2019 | abbreviated format | 14-07-2020 | 2020-30400057 | |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-41400155 | |
| 31-12-2017 | abbreviated format | 11-07-2018 | 2018-31900278 | |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-34800017 |
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Of the 9,525 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,543. 4,838 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €4,490 awarded · €4,443 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,547 | €1,500 |
| 2024 | 1 | €1,870 | €1,870 |
| 2023 | 1 | €432 | €432 |
| 2022 | 1 | €641 | €641 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2023
Board 2
BUYCK Els
Current
Director (not named in the articles) · since 18-12-2008 · in the 2025 annual accounts, filed on 02-07-2026
Teso
Current
Director (not named in the articles) · since 15-04-2010 · Private limited company · permanent representative: LIPS Wouter · in the 2025 annual accounts, filed on 02-07-2026
Permanent representatives 1
LIPS Wouter
Current
Permanent representative · in office according to the act of 02-01-2023 · for Teso
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BUYCK Els |
|
| Teso |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 13. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, ontbinding en vereffening in één akte indien wettelijke voorwaarden”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere…”
Articles of association, deed of 02-01-2023
Owners and capital
Capital and shareholders
Capital over the years
- 02-01-2023 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prijs in oorspronkelijke bekendmaking of bij betwisting door deskundige, Artikel 9 Overdracht van aandelen”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 02-01-2023 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
02-07
financial year 2025 · abbreviated format
2025
25-06
financial year 2024 · abbreviated format
2024
08-07
financial year 2023 · abbreviated format
2023
20-07
financial year 2022 · abbreviated format
02-01
Gazette deed
Resignations: BUYCK Els (manager) and TESO (manager)Reappointments: BUYCK Els (director) and TESO (director) · Permanent representative: LIPS Wouter · Amendment of the articles12 facts ▸
Gazette deed
Resignations: BUYCK Els (manager) and TESO (manager)
Reappointments: BUYCK Els (director) and TESO (director) · Permanent representative: LIPS Wouter · Amendment of the articles12 facts ▸
- General meeting, 17-11-2022
- Amendment of the articles (2 times)
- Purpose change
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Director resignation, BUYCK Els (manager)
- Director resignation, TESO (manager)
- Director reappointment, BUYCK Els (director (not named in the articles))
- Director reappointment, TESO (director (not named in the articles))
- Permanent representative, LIPS Wouter
- Other provision, “kwijting ontslagnemende zaakvoerder(s), algemene vergadering beslist op volgende jaarvergadering over kwijting voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “A. L. Huxleystraat 2A, 9881 Aalter” (deed in Dutch)
- Power of attorney
2022
08-07
financial year 2021 · abbreviated format
2021
20-07
financial year 2020 · abbreviated format
2020
14-07
financial year 2019 · abbreviated format
2019
31-12
Financial
Back to profitnet €182,675
Net result €182,675 after one loss-making year.
31-12
Financial
Equity above €200,000equity €202,835 ▲906%
Equity rises from €20,159 to €202,835.
30-07
financial year 2018 · abbreviated format
2018
11-07
financial year 2017 · abbreviated format
2017
19-07
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
ULTIMI in Dutch
Enterprise number
0808.539.639
Legal form
Private limited company
Status
Active, normale toestand
Founded
18-12-2008
Type
Legal entity
Where it is based
Registered office
A.L. Huxleystraat 2, 9881 Aalter, Belgium
Establishments
3 establishment units since 2009
What it does
NACEBEL 202568121
Development of residential building projects main activity
64210
Activities of holding companies
71112
Activities of interior architects
73110
Advertising agencies
73300
Public relations and communication consultancy
Invoicing and payment
VAT number
BE 0808.539.639
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0808.539.639
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ULTIMI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan mag exploitatiezetels,administratieve zetels,filialen,agentschappen en depots in België of het buitenland…”
Articles of association, deed of 02-01-2023 (in Dutch)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalBinnen- en buitenschrijnwerk duaal (so)
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
3 establishment units
ULTIMI
since 2009unit no. 2.175.278.250
ULTIMI
since 2010unit no. 2.187.496.290
ULTIMI
since 2021unit no. 2.315.325.068
Buildings and parcels at the addresses
Ground area
3,231 m²
Building footprint
1,112 m²
Building volume
9,135 m³
4 parcels, Flanders · tallest building 21.3 m.
4 parcels
Flanders
4
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44001B0083/00F002 | Flanders | 1,528 m² | 1 · 655 m² | 9.0 m · 2 |
| 44009C0304/00P000 | Flanders | 821 m² | 1 · 155 m² | 10.9 m · 3 |
| 44009C0304/00R000 | Flanders | 709 m² | 1 · 130 m² | 20.3 m · 5 |
| 35013A1599/00A004 | Flanders | 171 m² | 1 · 171 m² | 21.3 m · 6 |