ACTIVE

ULP-III

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Financial year 2025 · closed on 31/12/2025
Net result
143,7 k €
-67.4% YoY
Gross margin
150,9 k €
-72.6% YoY
Equity
1,8 M €
+8.5% YoY

What does ULP-III do?

ULP-III is a Public limited company incorporated in 2015. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0600.837.202
Incorporation
10/03/2015
Legal form
Public limited company
Registered office
Michel De Braeystraat 55
2000 Antwerpen · FlandreSee on map
Contributed capital
300 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin150,9 k €550,4 k €728,8 k €532,5 k €518,1 k €308,7 k €434,2 k €143,5 k €153,6 k €60,5 k €
EBITDA130,3 k €548,6 k €726,4 k €531,4 k €516,9 k €306,8 k €430,9 k €139,9 k €149,3 k €43,6 k €
Operating result130,3 k €548,6 k €726,4 k €531,4 k €516,9 k €306,8 k €430,9 k €139,9 k €149,3 k €43,6 k €
Net result143,7 k €440,1 k €529,3 k €369,6 k €347,7 k €181,8 k €287 k €-27,9 k €-29,3 k €-14,4 k €
Balance sheet
Equity1,8 M €1,7 M €1,2 M €1,4 M €1 M €697,2 k €515,4 k €228,4 k €56,3 k €85,6 k €
Total assets1,9 M €2 M €1,4 M €2 M €2,2 M €2,9 M €3,2 M €3,7 M €3,5 M €3,4 M €
Cash26,4 k €7,9 k €222,6 k €536,2 k €22,4 k €2,1 k €31,7 k €44,8 k €267,1 €28,3 k €
Debts80,9 k €355,3 k €194,6 k €557,6 k €1,2 M €2,2 M €2,7 M €3,5 M €3,3 M €3,3 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 28 ended

Active mandates

A³ MANAGEMENT

Director · since 06 juin 2025 · until 07 juin 2030 · 0812.686.091

Represented by Marnix Galle

Active
ADEL YAHIA CONSULT

Director · since 30 juin 2024 · until 07 juin 2030 · 0892.792.255

Represented by Adel Yahia

Active
Arfides

Director · since 30 juin 2024 · until 07 juin 2030 · 0849.719.802

Represented by Stefan Paeleman

Active
DUCK

Director · since 30 juin 2024 · until 07 juin 2030 · 0424.870.886

Represented by Jeff Cavens

Active

Ended mandates

A³ MANAGEMENT

Director · since 22 juillet 2019 · until 06 juin 2025 · 0812.686.091

Represented by Marnix Galle

Ended
A³ MANAGEMENT

Director · since 01 juillet 2019 · until 06 juin 2025 · 0812.686.091

Represented by Marnix Galle

Ended
A³ MANAGEMENT

Director · since 01 juillet 2019 · until 06 juin 2025 · 0812.686.091

Represented by Galle MARNIX

Ended
ADEL YAHIA CONSULT

Director · since 01 octobre 2018 · until 29 juin 2024 · 0892.792.255

Represented by Adel Yahia

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date09/06/202623/06/202517/06/202429/06/202322/07/202201/07/2021
General meeting05/06/202606/06/202507/06/202402/06/202330/06/202215/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202609/06/2026DutchPDF
Abridged model31/12/202406/06/202523/06/2025DutchPDF
Abridged model31/12/202307/06/202417/06/2024DutchPDF
Abridged model31/12/202202/06/202329/06/2023DutchPDF
Abridged model31/12/202130/06/202222/07/2022DutchPDF
Abridged model31/12/202015/06/202101/07/2021DutchPDF
Abridged model31/12/201930/06/202028/07/2020DutchPDF
Abridged model31/12/201828/06/201923/07/2019DutchPDF
Abridged model31/12/201727/09/201807/11/2018DutchPDF
Abridged model31/12/201606/07/201728/07/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 28 ended

Active mandates

A³ MANAGEMENT

Director · since 06 juin 2025 · until 07 juin 2030 · 0812.686.091

Represented by Marnix Galle

Active
ADEL YAHIA CONSULT

Director · since 30 juin 2024 · until 07 juin 2030 · 0892.792.255

Represented by Adel Yahia

Active
Arfides

Director · since 30 juin 2024 · until 07 juin 2030 · 0849.719.802

Represented by Stefan Paeleman

Active
DUCK

Director · since 30 juin 2024 · until 07 juin 2030 · 0424.870.886

Represented by Jeff Cavens

Active

Ended mandates

A³ MANAGEMENT

Director · since 22 juillet 2019 · until 06 juin 2025 · 0812.686.091

Represented by Marnix Galle

Ended
A³ MANAGEMENT

Director · since 01 juillet 2019 · until 06 juin 2025 · 0812.686.091

Represented by Marnix Galle

Ended
A³ MANAGEMENT

Director · since 01 juillet 2019 · until 06 juin 2025 · 0812.686.091

Represented by Galle MARNIX

Ended
ADEL YAHIA CONSULT

Director · since 01 octobre 2018 · until 29 juin 2024 · 0892.792.255

Represented by Adel Yahia

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/01/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office08/05/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/01/2019
    ONTSLAGEN - BENOEMINGEN
    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 2025143,7 k €↓
  2. 2024
    Annual accounts 2024440,1 k €↓
  3. 2023
    Annual accounts 2023529,3 k €↑
  4. 2022
    Annual accounts 2022369,6 k €↑
  5. 2021
    Annual accounts 2021347,7 k €↑
  6. 2020
    Annual accounts 2020181,8 k €↓
  7. 2019
    Annual accounts 2019287 k €↑
  8. 2018
    Annual accounts 2018-27,9 k €↑
  9. 2017
    Annual accounts 2017-29,3 k €↓
  10. 2016
    Annual accounts 2016-14,4 k €
  11. 10/03/2015
    IncorporationPublic limited company