ACTIVE

AD ULTIMA

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Financial year 2025 · closed on 31/12/2025
Net result
2,5 M €
+477.4% YoY
Revenue
40,2 M €
+38.7% YoY
Equity
6,3 M €
+263.2% YoY
Workforce
114,8 ETP
+15.3% YoY

What does AD ULTIMA do?

AD ULTIMA is a Public limited company incorporated in 2000. Its main activity is: Retail sale of information and communication equipment in specialised stores. Its registered office is in Kortrijk. It employs on average 114,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0472.713.068
Incorporation
07/09/2000
Legal form
Public limited company
Registered office
Beneluxpark(Kor) 26 box 27
8500 Kortrijk · FlandreSee on map
Contributed capital
366 499,99 €
Latest accounts
31/12/2025
Average workforce
114,8 ETP
Activities (NACE)
47400Retail sale of information and communication equipment in specialised stores· main47410Retail sale of computers, peripheral units and software in specialised stores62010Computer programming activities62100Computer programming, consultancy and related activities72220Research and experimental development on social sciences and humanities46500Wholesale of information and communication equipment+9
Joint committees (3)
  • 100
  • 200
  • 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252023202220212018201720162014201320122011201020092006
Income statement
Revenue40,2 M €29 M €26,3 M €25,2 M €22,9 M €17,9 M €17,4 M €14,3 M €13,2 M €11,4 M €10,4 M €9,2 M €7,4 M €–
EBITDA4,1 M €1,5 M €445,6 k €1,4 M €1,7 M €886,4 k €1 M €764,7 k €746,6 k €770,1 k €746,3 k €691,2 k €684,7 k €606,1 k €
Operating result3,9 M €1,3 M €234,8 k €1,3 M €1,1 M €469,2 k €622,8 k €291,9 k €339,8 k €361,1 k €360,3 k €243 k €306,1 k €440,6 k €
Net result2,5 M €-671,3 k €-48,9 k €960,3 k €557,9 k €120,7 k €233,3 k €-34,4 k €31,1 k €74,3 k €104,8 k €74,1 k €135,8 k €286,8 k €
Balance sheet
Equity6,3 M €1,7 M €2,4 M €2,5 M €2,5 M €1,9 M €1,8 M €1,5 M €1,5 M €1,5 M €1,4 M €1,7 M €1,7 M €900,3 k €
Total assets22,2 M €18,7 M €18,3 M €20 M €16,8 M €13 M €13,2 M €11,6 M €11,5 M €9,1 M €9,2 M €7,4 M €7,2 M €4,3 M €
Cash626,9 k €1,4 M €1,1 M €976,7 k €610,6 k €118 k €131,7 k €96,5 k €205,8 k €52,8 k €415,6 k €288,6 k €480,7 k €123,7 k €
Debts11,7 M €13,6 M €12,6 M €13,8 M €10,9 M €8 M €8,9 M €7,9 M €8,2 M €6,1 M €6,4 M €4,9 M €4,8 M €3 M €
Other
Workforce114,8 ETP99,6 ETP95,6 ETP89,3 ETP74,5 ETP68,5 ETP63,9 ETP68,2 ETP64,4 ETP57,9 ETP57,3 ETP47,7 ETP35,2 ETP19,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

AD ULTIMA INVEST

Managing director · since 20 juin 2025 · until 20 juin 2031 · 0879.143.662

Represented by Filip Bossuyt

Active

Ended mandates

AD ULTIMA INVEST

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0879.143.662

Represented by Filip Bossuyt

Ended
QUERCUS ADVIES EN MANAGEMENT

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0479.969.856

Represented by BOSSUYT FILIP

Ended
QUERCUS ADVIES EN MANAGEMENT

Director · since 21 juin 2019 · until 20 juin 2025 · 0479.969.856

Represented by CALLEWAERT FRANCIS

Ended
Henri De Smedt

Director · since 29 décembre 2014 · until 21 juin 2019

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202131/12/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months13 months
Filing date26/05/202616/05/202511/07/202423/06/202323/06/202223/06/2021
General meeting30/04/202630/04/202528/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/04/202626/05/2026DutchPDF
Full model31/12/202430/04/202516/05/2025DutchPDF
Full model31/12/202328/06/202411/07/2024DutchPDF
Full model31/12/202216/06/202323/06/2023DutchPDF
Full model31/12/202117/06/202223/06/2022DutchPDF
Full model31/12/202018/06/202123/06/2021DutchPDF
Full model30/12/201919/06/202014/07/2020DutchPDF
Full model30/12/201821/06/201918/07/2019DutchPDF
Full model30/12/201730/06/201820/07/2018DutchPDF
Full model30/12/201623/06/201717/07/2017DutchPDF
Full model30/12/201530/09/201630/09/2016DutchPDF
Full model30/12/201408/05/201518/08/2015DutchPDF
Full model30/12/201313/10/201416/10/2014DutchPDF
Full model30/12/201212/12/201316/12/2013DutchPDF
Full model30/12/201115/06/201223/07/2012DutchPDF
Full model30/12/201017/06/201113/07/2011DutchPDF
Full model30/12/200925/06/201029/07/2010DutchPDF
Abridged model30/12/200829/07/200928/08/2009DutchPDF
Abridged model30/12/200724/07/200804/08/2008DutchPDF
Abridged model30/12/200622/06/200703/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

AD ULTIMA INVEST

Managing director · since 20 juin 2025 · until 20 juin 2031 · 0879.143.662

Represented by Filip Bossuyt

Active

Ended mandates

AD ULTIMA INVEST

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0879.143.662

Represented by Filip Bossuyt

Ended
QUERCUS ADVIES EN MANAGEMENT

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0479.969.856

Represented by BOSSUYT FILIP

Ended
QUERCUS ADVIES EN MANAGEMENT

Director · since 21 juin 2019 · until 20 juin 2025 · 0479.969.856

Represented by CALLEWAERT FRANCIS

Ended
Henri De Smedt

Director · since 29 décembre 2014 · until 21 juin 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring02/03/2026
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring22/12/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates24/10/2025
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring24/04/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring28/11/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares12/02/2021
    KAPITAAL - AANDELEN - DIVERSEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252,5 M €↑
  2. 2023
    Annual accounts 2023-671,3 k €↓
  3. 2022
    Annual accounts 2022-48,9 k €↓
  4. 2021
    Annual accounts 2021960,3 k €↑
  5. 2018
    Annual accounts 2018557,9 k €↑
  6. 2017
    Annual accounts 2017120,7 k €↓
  7. 2016
    Annual accounts 2016233,3 k €↑
  8. 2014
    Annual accounts 2014-34,4 k €↓
  9. 2013
    Annual accounts 201331,1 k €↓
  10. 2012
    Annual accounts 201274,3 k €↓
  11. 2011
    Annual accounts 2011104,8 k €↑
  12. 2010
    Annual accounts 201074,1 k €↓
  13. 2009
    Annual accounts 2009135,8 k €↓
  14. 2006
    Annual accounts 2006286,8 k €
  15. 07/09/2000
    IncorporationPublic limited company