ULYSSES
ActiveSummary
ULYSSES has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €16,257. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-22
Solvency59▼-19
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.36 in 2024; short-term debt: 8.7% and cash: 1.5% of total assets), and 66% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
34%
Return on assets
0.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
42 d early
2023
42 d early
2022
5 d early
2021
3 d early
2020
5 d early
2019
17 d 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 January (5 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Gavere, Professional and technical services sector#6 company by equity in Gavere, Professional and technical services sector
Turnover
€466,094▲ 1.3%
2024 · €459,996
EBIT margin
62.4%▼ 0.6pp
2024 · 63.1%
Net result
€16,257▼ 97.5%
2024 · €644,358
Working capital
-€651,775▼ 49.9%
2024 · -€434,678
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€723,093€459,996▼ 36.4%€466,094▲ 1.3%
Operating result€357,960▼ 4.2%€374,717▲ 4.7%€585,953▲ 56.4%€290,168▼ 50.5%€291,007▲ 0.3%
Net result€590,449above the sector's middle half▲ 159%€250,620above the sector's middle half▼ 57.6%€878,120above the sector's middle half▲ 250%€644,358above the sector's middle half▼ 26.6%€16,257within the sector's middle half▼ 97.5%
EBIT margin81.0%63.1%▼ 18.0pp62.4%▼ 0.6pp
Equity€1.7mabove the sector's middle half▲ 52.1%€2.0mabove the sector's middle half▲ 14.5%€2.9mwithin the sector's middle half▲ 44.5%€3.5mabove the sector's middle half▲ 22.6%€3.5mwithin the sector's middle half▲ 0.5%
Total assets€2.7mwithin the sector's middle half▲ 3.3%€2.7mwithin the sector's middle half▲ 1.5%€6.7mwithin the sector's middle half▲ 149%€6.6mwithin the sector's middle half▼ 1.3%€10.3mwithin the sector's middle half▲ 55.9%
Debt€928,371▼ 35.2%€717,387▼ 22.7%€3.9m▲ 437%€3.1m▼ 19.0%€6.8m▲ 118%
Working capital-€135,787below the sector's middle half▲ 78.7%-€65,890within the sector's middle half▲ 51.5%-€353,302below the sector's middle half▼ 436%-€434,678below the sector's middle half▼ 23.0%-€651,775below the sector's middle half▼ 49.9%
Solvency65.0%within the sector's middle half▲ 20.8pp73.3%within the sector's middle half▲ 8.4pp42.5%within the sector's middle half▼ 30.8pp52.8%within the sector's middle half▲ 10.3pp34.0%within the sector's middle half▼ 18.8pp
Current ratio0.47below the sector's middle half▲ 0.420.35below the sector's middle half▼ 0.120.46below the sector's middle half▲ 0.110.36below the sector's middle half▼ 0.090.28below the sector's middle half▼ 0.09
Return on assets (ROA)22.3%above the sector's middle half▲ 13.4pp9.3%within the sector's middle half▼ 13.0pp13.1%within the sector's middle half▲ 3.8pp9.7%within the sector's middle half▼ 3.4pp0.2%within the sector's middle half▼ 9.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result +250% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.3m
Fixed assets
€10.1m ▲ 58.1%
Current assets
€249,231 ▲ 0.7%
Equity and liabilities €10.3m
Equity
€3.5m ▲ 0.5%
Debt
€6.8m ▲ 118%
Debt's share of the balance-sheet total rises from 47.2% to 66.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€332,864▲
2024 · €332,393
Cash flow
€58,115▼
2024 · €686,583
Debt to equity
1.94▲
2024 · 0.89
ROE
0.5%▼
2024 · 18.4%
Interest coverage
1.30▼
2024 · 3.72
Debt ≤ 1 year
€901,005▲
2024 · €682,115
Debt > 1 year
€5.9m▲
2024 · €2.4m
Income taxes
€18,389▼
2024 · €55,919
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €738,260 | €467,070 | €472,808 | ▲ 1.2% |
| Turnover70 | - | - | €723,093 | €459,996 | €466,094 | ▲ 1.3% |
| Other operating income74 | - | - | €8,264 | €7,074 | €6,715 | ▼ 5.1% |
| Non-recurring operating income76A | - | - | €6,903 | €0 | - | - |
| Operating charges60/66A | - | - | €152,307 | €176,902 | €181,801 | ▲ 2.8% |
| Services and other goods61 | - | - | €109,228 | €131,140 | €137,227 | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,160 | €11,973 | €38,577 | €42,225 | €41,857 | ▼ 0.9% |
| Other operating charges640/8 | - | €3,173 | €4,502 | €3,538 | €2,717 | ▼ 23.2% |
| Gross operating margin9900 | €378,425 | €389,863 | - | - | - | - |
| Operating profit (loss)9901 | €357,960 | €374,717 | €585,953 | €290,168 | €291,007 | ▲ 0.3% |
| Financial income75/76B | - | €1,604 | €510,735 | €500,234 | €0 | ▼ 100.0% |
| Recurring financial income75 | €375,765 | €1,604 | €510,735 | €500,234 | €0 | ▼ 100.0% |
| Income from financial fixed assets750 | - | - | €500,000 | €500,000 | €0 | ▼ 100% |
| Income from current assets751 | - | - | €10,735 | €234 | €0 | ▼ 100% |
| Other financial income752/9 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €38,165 | €93,950 | €90,124 | €256,361 | ▲ 184% |
| Recurring financial charges65 | €49,751 | €38,165 | €93,950 | €90,124 | €256,361 | ▲ 184% |
| Debt charges650 | - | - | €93,057 | €89,358 | €255,586 | ▲ 186% |
| Other financial charges652/9 | - | - | €893 | €766 | €775 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €683,974 | €338,156 | €1.0m | €700,278 | €34,646 | ▼ 95.1% |
| Income taxes67/77 | €93,525 | €87,535 | €124,618 | €55,919 | €18,389 | ▼ 67.1% |
| Taxes670/3 | - | - | €124,618 | €64,147 | €18,389 | ▼ 71.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €8,227 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €590,449 | €250,620 | €878,120 | €644,358 | €16,257 | ▼ 97.5% |
| Profit (loss) for the period to be appropriated9905 | €590,449 | €250,620 | €878,120 | €644,358 | €16,257 | ▼ 97.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.7m | €6.7m | €6.6m | €10.3m | ▲ 55.9% |
| Fixed assets21/28 | €2.5m | €2.7m | €6.4m | €6.4m | €10.1m | ▲ 58.1% |
| Tangible fixed assets22/27 | €32,918 | €155,956 | €168,558 | €128,063 | €86,206 | ▼ 32.7% |
| Plant, machinery and equipment23 | - | €26,088 | €18,771 | €14,044 | €9,729 | ▼ 30.7% |
| Furniture and vehicles24 | - | €129,868 | €149,787 | €114,019 | €76,477 | ▼ 32.9% |
| Financial fixed assets28 | €2.5m | €2.5m | €6.2m | €6.2m | €10.0m | ▲ 60.0% |
| Affiliated companies280/1 | - | - | €6.2m | €6.2m | €10.0m | ▲ 60.0% |
| Participating interests280 | - | - | €6.2m | €6.2m | €10.0m | ▲ 60.0% |
| Current assets29/58 | €118,219 | €34,818 | €295,428 | €247,437 | €249,231 | ▲ 0.7% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €12,100 | €16,559 | €50,635 | €167,349 | €89,994 | ▼ 46.2% |
| Trade receivables40 | - | €13,607 | €46,383 | €92,766 | €46,383 | ▼ 50.0% |
| Other amounts receivable41 | - | €2,952 | €4,252 | €74,583 | €43,611 | ▼ 41.5% |
| Cash at bank and in hand54/58 | €106,119 | €16,607 | €230,889 | €76,529 | €155,725 | ▲ 103% |
| Deferred charges and accrued income490/1 | - | €1,652 | €13,904 | €3,559 | €3,512 | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.7m | €6.7m | €6.6m | €10.3m | ▲ 55.9% |
| Equity10/15 | €1.7m | €2.0m | €2.9m | €3.5m | €3.5m | ▲ 0.5% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €1.7m | €1.9m | €2.8m | €3.4m | €3.4m | ▲ 0.5% |
| Amounts payable17/49 | €928,371 | €717,387 | €3.9m | €3.1m | €6.8m | ▲ 118% |
| Amounts payable after more than one year17 | €674,365 | €616,600 | €3.2m | €2.4m | €5.9m | ▲ 142% |
| Financial debts170/4 | - | €616,600 | €3.2m | €2.4m | €5.9m | ▲ 142% |
| Subordinated loans170 | - | - | €310,000 | €78,000 | €4.1m | ▲ 5,128% |
| Credit institutions173 | - | - | €2.9m | €2.4m | €1.8m | ▼ 22.6% |
| Amounts payable within one year42/48 | €254,006 | €100,708 | €648,730 | €682,115 | €901,005 | ▲ 32.1% |
| Current portion of amounts payable after more than one year42 | - | €11,885 | €534,636 | €579,189 | €579,189 | = |
| Trade debts44 | €6,600 | €2,355 | €784 | €3,168 | €4,658 | ▲ 47.0% |
| Suppliers440/4 | - | €2,355 | €784 | €3,168 | €4,658 | ▲ 47.0% |
| Taxes, remuneration and social security45 | - | €30,331 | €79,992 | €28,546 | €81,058 | ▲ 184% |
| Taxes450/3 | - | €30,331 | €79,992 | €28,546 | €81,058 | ▲ 184% |
| Other amounts payable47/48 | - | €56,137 | €33,319 | €71,212 | €236,101 | ▲ 232% |
| Accrued charges and deferred income492/3 | - | €79 | €255 | €662 | €2,537 | ▲ 283% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €590,449 | €250,620 | €878,120 | €644,358 | €16,257 | ▼ 97.5% |
| + Depreciation and write-downs630 | €17,160 | €11,973 | €38,577 | €42,225 | €41,857 | ▼ 0.9% |
| Operating cash flow (approximation) | €607,609 | €262,593 | €916,697 | €686,583 | €58,115 | ▼ 91.5% |
| Investment in fixed assets (approximation) | - | -€135,011 | -€3.8m | -€1,730 | -€3.7m | ▼ 216,218% |
| Change in cash | - | -€89,512 | €214,281 | -€154,359 | €79,196 | ▲ 151% |
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
Next filing, fiscal year 2026, expected by
2026
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €16,257 ▼97.5%
Net result drops to €16,257, the lowest in the series.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
14-02
State Gazette act
Board meeting · Power of attorney
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €878,120 ▲250%
Operating result €585,953, net result €878,120, both a record.
30-06
Financial
Equity above €2mEq €2.9m ▲44.5%
5 profitable years in a row build equity to €2.9m.
03-05
State Gazette act
General meeting · Permanent representative
Statutes amendment · Capital
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-09
State Gazette act
General meeting · Auditor appointment
Permanent representative · Mandate compensation
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-06
Financial
Equity above €1mEq €1.1m ▲25.2%
2 profitable years in a row build equity to €1.1m.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-06
State Gazette act
General meeting · Statutes amendment
Director appointment · Permanent representative
2015
07-10
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gavere · 1 establishment unit since 2015
Ground area
2,042 m²
Building footprint
339 m²
Volume, LiDAR
1,727 m³
Parcel 44020A0368/00W000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ULYSSES bvba
since 20152.243.866.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44020A0368/00W000 | Flanders | 2,041 m² | 1 · 339 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holding · 4 subsidiaries in the treeOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
70%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
VINCENT SHEPPARD 70%3 subsidiaries
- Vincent Sheppard USA Inc.US 100%
- PT. Vincent Sheppard IndonesiaID 99%
- Cotswold Furniture PTYAU 75%
According to the annual accounts to 30-06-2025 of ULYSSES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 14,356 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
Founded04-06-2015
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631790197
Also
9925:BE0631790197
Registered
18-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.