ACTIVE

AD ULTIMA

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Financial year 2025 · Closed on 31/12/2025

Net result2,5 M €+477,4 %over 1 year

Revenue40,2 M €+38,7 %over 1 year

Equity6,3 M €+263,2 %over 1 year

Workforce114,8 ETP+15,3 %over 1 year

Identity

Source · BCE/KBO

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· main 47410Retail sale of computers, peripheral units and software in specialised stores 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 46500Wholesale of information and communication equipment+9

Joint committees (3)

Contacts

1 public detail availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 14 financial years

	2025		2023		2022		2021		2018
Income statement
Revenue	40,2 M €	+38.7%	29 M €	+10.5%	26,3 M €	+4.3%	25,2 M €	+9.7%	22,9 M €
EBITDA	4,1 M €	+181%	1,5 M €	+229%	445,6 k €	-68.2%	1,4 M €	-16.2%	1,7 M €
Operating result	3,9 M €	+191%	1,3 M €	+469%	234,8 k €	-81.4%	1,3 M €	+19.8%	1,1 M €
Net result	2,5 M €	+477%	-671,3 k €	-1272%	-48,9 k €	-105%	960,3 k €	+72.1%	557,9 k €
Balance sheet
Equity	6,3 M €	+263%	1,7 M €	-28.1%	2,4 M €	-2.3%	2,5 M €	-0.9%	2,5 M €
Total assets	22,2 M €	+18.9%	18,7 M €	+2.1%	18,3 M €	-8.6%	20 M €	+19.0%	16,8 M €
Cash	626,9 k €	-55.1%	1,4 M €	+32.9%	1,1 M €	+7.6%	976,7 k €	+60.0%	610,6 k €
Debts	11,7 M €	-14.6%	13,6 M €	+8.2%	12,6 M €	-8.5%	13,8 M €	+26.8%	10,9 M €
Other
Workforce	114,8 ETP	+15.3%	99,6 ETP	+4.2%	95,6 ETP	+7.1%	89,3 ETP	+19.9%	74,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AD ULTIMA INVEST0879.143.662Represented by Filip Bossuyt	Managing director23/02/2006 → 20/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
QUERCUS ADVIES EN MANAGEMENT0479.969.856Represented by BOSSUYT FILIP	Managing director21/06/2019 → 2019 accountsDirector21/06/2019 → 2019 accounts
Henri De Smedt	Director29/12/2014 → 2018 accounts
Isabelle Stas - Orban	Chairman of the board of directorslisted until the 2012 accounts

Other companies at this address

Beneluxpark(Kor) 26 8500 Kortrijk

Company	CBE no.
9altitudes BV● Active	0802.069.244
9altitudes Engineering Solutions● Active	0802.069.442
9altitudes Enterprise Solutions● Active	0731.679.017
Adu Groep● Active	0830.783.026
AD ULTIMA INVEST● Active	0879.143.662
AROES● Active	0644.569.057
ARTELCO● Active	0810.655.229
AVABEKE● Active	0687.573.117
AVARONNE● Active	0844.936.316
BTW-eenheid DESPIEGELAERE GROEP● Active	1029.290.952
CAPRICE● Bankrupt	0423.235.447
CARE TALENTS● Active	0820.126.090
Crecimiento● Active	1039.649.760
DEMSAR● Active	0734.960.585
Den Bosse● Active	1022.617.748
DENNEDUIN● Active	0451.225.687
Despiegelaere Projects● Active	0865.360.853
Despiegelaere Promotions● Active	0878.167.130
doQmind● Bankrupt	0788.491.521
DP-Technics● Active	1021.323.787

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	31/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	13 months
Filing date	26/05/2026	16/05/2025	11/07/2024	23/06/2023	23/06/2022	23/06/2021
General meeting	30/04/2026	30/04/2025	28/06/2024	16/06/2023	17/06/2022	18/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	26/05/2026	Dutch	PDF
Full model	31/12/2024	30/04/2025	16/05/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	16/06/2023	23/06/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	23/06/2021	Dutch	PDF
Full model	30/12/2019	19/06/2020	14/07/2020	Dutch	PDF
Full model	30/12/2018	21/06/2019	18/07/2019	Dutch	PDF
Full model	30/12/2017	30/06/2018	20/07/2018	Dutch	PDF
Full model	30/12/2016	23/06/2017	17/07/2017	Dutch	PDF
Full model	30/12/2015	30/09/2016	30/09/2016	Dutch	PDF
Full model	30/12/2014	08/05/2015	18/08/2015	Dutch	PDF
Full model	30/12/2013	13/10/2014	16/10/2014	Dutch	PDF
Full model	30/12/2012	12/12/2013	16/12/2013	Dutch	PDF
Full model	30/12/2011	15/06/2012	23/07/2012	Dutch	PDF
Full model	30/12/2010	17/06/2011	13/07/2011	Dutch	PDF
Full model	30/12/2009	25/06/2010	29/07/2010	Dutch	PDF
Abridged model	30/12/2008	29/07/2009	28/08/2009	Dutch	PDF
Abridged model	30/12/2007	24/07/2008	04/08/2008	Dutch	PDF
Abridged model	30/12/2006	22/06/2007	03/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AD ULTIMA INVEST0879.143.662Represented by Filip Bossuyt	Managing director23/02/2006 → 20/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
QUERCUS ADVIES EN MANAGEMENT0479.969.856Represented by BOSSUYT FILIP	Managing director21/06/2019 → 2019 accountsDirector21/06/2019 → 2019 accounts
Henri De Smedt	Director29/12/2014 → 2018 accounts
Isabelle Stas - Orban	Chairman of the board of directorslisted until the 2012 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

AD ULTIMA INVEST

QUERCUS ADVIES EN MANAGEMENT

Henri De Smedt

Isabelle Stas - Orban

Isabelle Stas-Orban

RACHEL

Filip (2007) Bossuyt

Isabelle (2007) Stas-Orban

20002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

AD ULTIMA

Beneluxpark(Kor) 26 bte 27, 8500 KortrijkBenelux 7, 8500 Kortrijk

Managing director

Director

Chairman of the board of directorsDirector

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Beneluxpark(Kor) 26 bte 27, 8500 KortrijkCurrent	accounts 2025	Accounts 2025 · 2026-00127306
Benelux 7, 8500 Kortrijk	accounts 2021 → 2023	Accounts 2023 · 2024-00240343

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AD ULTIMACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00127306

Events

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

AD ULTIMA

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events