ACTIVE

ULM SERVICES

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Financial year 2025 · closed on 30/09/2025
Net result
59,6 €
-99.5% YoY
Gross margin
145,3 k €
-6.4% YoY
Equity
125,4 k €
+0.0% YoY

What does ULM SERVICES do?

ULM SERVICES is a Private limited company incorporated in 2021. Its main activity is: Repair and maintenance of aircraft and spacecraft. Its registered office is in Genappe.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0767.639.588
Incorporation
29/04/2021
Legal form
Private limited company
Registered office
Route de Houtain 5
1470 Genappe · WallonieSee on map
Contributed capital
5 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
33160Repair and maintenance of aircraft and spacecraft· main33160Repair and maintenance of aircraft and spacecraft77350Rental and leasing of air transport equipment77350Rental and leasing of air transport equipment33160Repair and maintenance of aircraft and spacecraft33160Repair and maintenance of aircraft and spacecraft+2
Joint committees (4)
  • 100
  • 111
  • 200
  • 209
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin145,3 k €155,3 k €98,8 k €234,7 k €
EBITDA35,7 k €52 k €20,1 k €151,6 k €
Operating result3,8 k €19,3 k €4,5 k €139 k €
Net result59,6 €11,7 k €3,3 k €105,3 k €
Balance sheet
Equity125,4 k €125,3 k €113,6 k €110,3 k €
Total assets622,6 k €575,9 k €629,2 k €546,4 k €
Cash66,4 k €24,3 k €51 k €28,5 k €
Debts497,1 k €450,6 k €515,6 k €436 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active

Active mandates

CHRISTOPH CODDENS

Director · since 29 avril 2021

Active
DIDIER CODDENS

Director · since 29 avril 2021

Active
At this address

Other companies at this address

CompanyCBE no.
ULM BAISY-THY● Active
0767.639.192
ULM Baisy-Thy Flight School● Active
0771.386.362
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202229/04/2021
Closing of the financial year30/09/202530/09/202430/09/202330/09/2022
Length of the financial year12 months12 months12 months18 months
Filing date20/04/202628/04/202518/03/202427/04/2023
General meeting03/03/202603/03/202505/03/202407/03/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202503/03/202620/04/2026FrenchPDF
Micro model30/09/202403/03/202528/04/2025FrenchPDF
Micro model30/09/202305/03/202418/03/2024FrenchPDF
Micro model30/09/202207/03/202327/04/2023FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 2 active

Active mandates

CHRISTOPH CODDENS

Director · since 29 avril 2021

Active
DIDIER CODDENS

Director · since 29 avril 2021

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other03/05/2021
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202559,6 €↓
  2. 2024
    Annual accounts 202411,7 k €↑
  3. 2023
    Annual accounts 20233,3 k €↓
  4. 2022
    Annual accounts 2022105,3 k €
  5. 29/04/2021
    IncorporationPrivate limited company