ULTRABEL PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of ULTRABEL PROJECT is 2.5% (moderate). The 2024 annual accounts show equity of €25k and a net result of €20k. Its solvency ranks better than 47% of 9982 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability100
Solvency65
Growth-
Track record67
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.66; short-term debt: 60.4% and cash: 34.6% of total assets), but 60.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
39.6%
Return on assets
31.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 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 · 1 filingDeviation from the deadline
2024
64 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€25k
Total assets
€63k
Net result
€20k
Working capital
€25k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €63k
Equity
€25k
Debt
€38k
Debt finances 60.4% of the balance-sheet total.
Key figures and ratios
Current ratio
1.66
Debt to equity
1.53
ROE
79.9%
ROA
31.6%
Debt ≤ 1 year
€38k
Income taxes
€5k
Filed annual accounts As filed with the NBB · 2024 · 27 lines
Balance sheet
Code2024
Assets
Total assets20/58€63k
Current assets29/58€63k
Amounts receivable within one year40/41€41k
Trade receivables40€14k
Other amounts receivable41€27k
Cash at bank and in hand54/58€22k
Equity and liabilities
Total equity and liabilities10/49€63k
Equity10/15€25k
Contributions10/11€5k
Profit (loss) carried forward14€20k
Amounts payable17/49€38k
Amounts payable within one year42/48€38k
Trade debts44€33k
Suppliers440/4€33k
Taxes, remuneration and social security45€5k
Taxes450/3€5k
Income statement
Code2024
Gross operating margin9900€24k
Operating profit (loss)9901€24k
Financial income75/76B€796
Recurring financial income75€796
Financial charges65/66B€42
Recurring financial charges65€42
Profit (loss) for the period before taxes9903€25k
Income taxes67/77€5k
Profit (loss) for the period9904€20k
Profit (loss) for the period to be appropriated9905€20k
Appropriation of the result
Profit (loss) to be appropriated9906€20k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 |
|---|---|
| Gross operating margin9900 | €24k |
| Operating profit (loss)9901 | €24k |
| Financial income75/76B | €796 |
| Recurring financial income75 | €796 |
| Financial charges65/66B | €42 |
| Recurring financial charges65 | €42 |
| Profit (loss) for the period before taxes9903 | €25k |
| Income taxes67/77 | €5k |
| Profit (loss) for the period9904 | €20k |
| Profit (loss) for the period to be appropriated9905 | €20k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €63k | |
| Current assets29/58 | €63k | |
| Amounts receivable within one year40/41 | €41k | |
| Trade receivables40 | €14k | |
| Other amounts receivable41 | €27k | |
| Cash at bank and in hand54/58 | €22k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €63k | |
| Equity10/15 | €25k | |
| Contributions10/11 | €5k | |
| Profit (loss) carried forward14 | €20k | |
| Amounts payable17/49 | €38k | |
| Amounts payable within one year42/48 | €38k | |
| Trade debts44 | €33k | |
| Suppliers440/4 | €33k | |
| Taxes, remuneration and social security45 | €5k | |
| Taxes450/3 | €5k | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €20k |
| Operating cash flow (approximation) | €20k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
NBB filing
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2024
Ground area
471 m²
Building footprint
297 m²
Volume, LiDAR
2,512 m³
2 parcels, Brussels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
144
companies at this address
See who is registered here
1 establishment unit
ULTRABEL PROJECT
since 20242.353.631.853
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0109/00K002 | Brussels | 258 m² | 1 · 95 m² | 12.3 m · 3 fl. |
| 44808H0052/00R006 | Flanders | 214 m² | 1 · 202 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M&S BOUWWERKEN
BE 0746.432.618
Houthalen-Helchteren · Eq €24,824
MKK PERFECT
BE 0661.724.496
Drogenbos · Eq €24,823
"CONSTRUCTTS"
BE 0726.699.353
Heist-op-den-Berg · Eq €24,821
ARTINOVATIV
BE 1017.775.072
Bertem · Eq €24,839
SLW-Foundations
BE 0644.989.721
Zulte · Eq €24,841
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,073 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43230Insulation installation
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.