ACTIVE

ULTIMI

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Financial year 2025 · closed on 31/12/2025
Net result
11,4 k €
-76.1% YoY
Gross margin
359,4 k €
-0.8% YoY
Equity
446,1 k €
+2.6% YoY
Workforce
4,8 ETP
+14.3% YoY

What does ULTIMI do?

ULTIMI is a Private limited company incorporated in 2008. Its main activity is: Development of building projects. Its registered office is in Aalter. It employs on average 4,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0808.539.639
Incorporation
18/12/2008
Legal form
Private limited company
Registered office
A.L. Huxleystraat 2 box A
9881 Aalter · FlandreSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2025
Average workforce
4,8 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate64200Activities of holding companies64210Activities of holding companies70210Public relations and communication activities71112Architectural activities+4
Joint committees (3)
  • 12400
  • 20000
  • 2000012400
Signals
ProfitableSolid equityLow 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 6 financial years

202520242023202220212018
Income statement
Gross margin359,4 k €362,3 k €383,5 k €332,8 k €253,2 k €78,1 k €
EBITDA69,9 k €67,4 k €94,1 k €101,6 k €128,3 k €39,5 k €
Operating result20,8 k €68,9 k €21,6 k €74,5 k €103,3 k €-19,7 k €
Net result11,4 k €47,6 k €15,7 k €51,4 k €70,7 k €-26,1 k €
Balance sheet
Equity446,1 k €434,7 k €387,0 k €371,4 k €321,6 k €20,2 k €
Total assets1,0 M €752,4 k €877,7 k €862,9 k €866,5 k €504,7 k €
Cash327,5 k €279,9 k €265,1 k €137,6 k €379,3 k €43,0 k €
Debts582,2 k €317,8 k €455,7 k €456,5 k €544,9 k €484,6 k €
Other
Workforce4,8 ETP4,2 ETP4,8 ETP3,7 ETP2,4 ETP1,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Teso

Director · since 15 avril 2010 · 0896.677.205

Represented by Wouter LIPS

Active
Els Buyck

Director · since 18 décembre 2008

Active

Ended mandates

Teso

Director · since 15 avril 2010 · 0896.677.205

Represented by Wouter LIPS

Ended
Teso

Director · since 15 avril 2010 · 0896.677.205

Represented by Wouter Lips

Ended
Teso

Manager · since 15 avril 2010 · 0896.677.205

Represented by Wouter Lips

Ended
Els Buyck

Manager · since 18 décembre 2008

Ended
At this address

Other companies at this address

CompanyCBE no.
Teso● Active
0896.677.205
TESO GROEP● Active
0826.850.467
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 date02/07/202625/06/202508/07/202420/07/202308/07/202220/07/2021
General meeting19/06/202620/06/202521/06/202430/06/202317/06/202230/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202602/07/2026DutchPDF
Abridged model31/12/202420/06/202525/06/2025DutchPDF
Abridged model31/12/202321/06/202408/07/2024DutchPDF
Abridged model31/12/202230/06/202320/07/2023DutchPDF
Abridged model31/12/202117/06/202208/07/2022DutchPDF
Abridged model31/12/202030/06/202120/07/2021DutchPDF
Abridged model31/12/201930/06/202014/07/2020DutchPDF
Abridged model31/12/201830/06/201930/07/2019DutchPDF
Abridged model31/12/201730/06/201811/07/2018DutchPDF
Abridged model31/12/201630/06/201719/07/2017DutchPDF
Abridged model31/12/201515/04/201618/04/2016DutchPDF
Abridged model31/12/201430/06/201514/07/2015DutchPDF
Abridged model31/12/201318/07/201418/07/2014DutchPDF
Abridged model31/12/201215/07/201312/08/2013DutchPDF
Abridged model31/12/201115/06/201207/07/2012DutchPDF
Abridged model31/12/201017/06/201107/07/2011DutchPDF
Abridged model31/12/200916/07/201003/08/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 5 ended

Active mandates

Teso

Director · since 15 avril 2010 · 0896.677.205

Represented by Wouter LIPS

Active
Els Buyck

Director · since 18 décembre 2008

Active

Ended mandates

Teso

Director · since 15 avril 2010 · 0896.677.205

Represented by Wouter LIPS

Ended
Teso

Director · since 15 avril 2010 · 0896.677.205

Represented by Wouter Lips

Ended
Teso

Manager · since 15 avril 2010 · 0896.677.205

Represented by Wouter Lips

Ended
Els Buyck

Manager · since 18 décembre 2008

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/01/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office24/09/2020
    MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
    PDF
  • Other19/12/2011
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates14/05/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/12/2008
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202511,4 k €↓
  2. 2024
    Annual accounts 202447,6 k €↑
  3. 2023
    Annual accounts 202315,7 k €↓
  4. 2022
    Annual accounts 202251,4 k €↓
  5. 2021
    Annual accounts 202170,7 k €↑
  6. 2018
    Annual accounts 2018-26,1 k €
  7. 2011
    Name changeULTIMI
  8. 2009
    Name changeMULTI DESIGN
  9. 18/12/2008
    IncorporationPrivate limited company