ACTIVE

Ultrafrais

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Financial year 2024 · closed on 31/12/2024

Net result

173,2 k €

+336.1% YoY

Gross margin

1,2 M €

+42.6% YoY

Equity

878,8 k €

+24.5% YoY

Workforce

17,6 ETP

-3.8% YoY

What does Ultrafrais do?

Ultrafrais is a Public limited company incorporated in 2003. Its registered office is in Rixensart. It employs on average 17,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.905.097

Incorporation

01/08/2003

Legal form

Public limited company

Registered office

Square des Papeteries 40
1332 Rixensart · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

17,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	+42.6%	856,4 k €	-7.9%	929,7 k €	-15.1%	1,1 M €	+25.0%	876,3 k €	+93.1%	453,9 k €	-13.5%	524,9 k €	+0.9%	520 k €	+25.2%	415,4 k €	+20.6%	344,4 k €	+31.7%	261,5 k €	+14.1%	229,2 k €	-25.3%	306,7 k €	-22.1%	393,7 k €	+13.6%	346,7 k €	-16.5%	415,4 k €	-9.4%	458,2 k €	-17.5%	555,7 k €	+2.3%	543,2 k €
EBITDA	508,5 k €	+241%	148,9 k €	-47.2%	282,3 k €	-39.9%	469,9 k €	-26.1%	635,8 k €	+119%	289,9 k €	-28.7%	406,5 k €	+1.4%	401 k €	+59.5%	251,4 k €	+107%	121,7 k €	+78.5%	68,2 k €	+46.7%	46,5 k €	+51.4%	30,7 k €	-75.7%	126,4 k €	+45.8%	86,7 k €	-11.7%	98,2 k €	-29.9%	140 k €	-16.8%	168,3 k €	+22.3%	137,7 k €
Operating result	327 k €	+701%	-54,4 k €	-155%	98,4 k €	-63.7%	271,5 k €	-40.7%	458,1 k €	+341%	103,8 k €	-53.1%	221,5 k €	+1.7%	217,7 k €	+347%	48,7 k €	+58.3%	30,8 k €	-23.7%	40,3 k €	+96.7%	20,5 k €	+686%	2,6 k €	-97.3%	95,6 k €	+53.1%	62,4 k €	-8.4%	68,2 k €	+12.2%	60,8 k €	-29.7%	86,4 k €	+46.6%	58,9 k €
Net result	173,2 k €	+336%	-73,4 k €	+21.6%	-93,6 k €	-149%	190,2 k €	-36.5%	299,5 k €	+189%	103,7 k €	-22.1%	133,1 k €	+13.5%	117,3 k €	+1716%	6,5 k €	-62.5%	17,2 k €	-32.0%	25,3 k €	+261%	7 k €	+304%	-3,4 k €	-105%	64,3 k €	+56.1%	41,2 k €	-14.0%	47,8 k €	+136%	20,2 k €	-57.8%	47,9 k €	+89.5%	25,3 k €
Balance sheet
Equity	878,8 k €	+24.5%	705,7 k €	-9.4%	779 k €	-10.7%	872,6 k €	+25.1%	697,4 k €	+40.1%	497,9 k €	+26.3%	394,1 k €	+9.2%	361 k €	+32.6%	272,3 k €	-0.6%	273,9 k €	+6.7%	256,7 k €	+10.9%	231,4 k €	+3.1%	224,4 k €	-1.5%	227,8 k €	+17.7%	193,5 k €	+27.0%	152,4 k €	+45.8%	104,5 k €	+24.0%	84,3 k €	+10.4%	76,4 k €
Total assets	2,6 M €	+9.7%	2,3 M €	+6.5%	2,2 M €	-11.2%	2,5 M €	-9.4%	2,7 M €	+33.8%	2 M €	-7.4%	2,2 M €	-4.4%	2,3 M €	+0.7%	2,3 M €	-9.4%	2,5 M €	+288%	652 k €	+13.1%	576,4 k €	-3.5%	597 k €	-5.1%	628,9 k €	+6.9%	588,4 k €	+4.1%	565,4 k €	+12.2%	503,9 k €	-29.1%	710,6 k €	-15.4%	839,8 k €
Cash	700,4 k €	-33.1%	1 M €	+46.7%	713,5 k €	-5.4%	754,2 k €	-35.4%	1,2 M €	+27.0%	919,4 k €	-10.9%	1 M €	+6.8%	966,4 k €	+14.4%	844,8 k €	+83.9%	459,3 k €	+24.8%	368 k €	+13.5%	324,1 k €	+10.4%	293,6 k €	-3.7%	305 k €	+25.8%	242,5 k €	+6.2%	228,3 k €	+46.9%	155,5 k €	-49.7%	309,3 k €	-29.5%	439 k €
Debts	1,7 M €	+3.0%	1,6 M €	+15.2%	1,4 M €	-11.5%	1,6 M €	-21.2%	2 M €	+31.7%	1,5 M €	-14.7%	1,8 M €	-6.9%	1,9 M €	+0.9%	1,9 M €	-14.2%	2,2 M €	+468%	395,3 k €	+19.2%	331,5 k €	-7.7%	359,2 k €	-10.4%	401,1 k €	+1.6%	394,9 k €	-4.4%	413 k €	+3.4%	399,4 k €	-36.1%	624,6 k €	-18.2%	763,4 k €
Other
Workforce	17,6 ETP	-3.8%	18,3 ETP	+8.9%	16,8 ETP	+0.6%	16,7 ETP	+94.2%	8,6 ETP	+68.6%	5,1 ETP	+21.4%	4,2 ETP	-2.3%	4,3 ETP	+2.4%	4,2 ETP	-33.3%	6,3 ETP	+10.5%	5,7 ETP	0.0%	5,7 ETP	-13.6%	6,6 ETP	-15.4%	7,8 ETP	-13.3%	9,0 ETP	-6.2%	9,6 ETP	-20.7%	12,1 ETP	-8.3%	13,2 ETP	-18.0%	16,1 ETP

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 31/12/2024 · 3 active · 7 ended

Active mandates

Mohamed Boukamir

Director · since 29 août 2024

Active

Charifa Akoudad

Director

Active

Naura Boukamir

Director

Active

Ended mandates

Fabienne GILLET

Director · since 14 mai 2010 · until 14 mai 2016

Ended

Jean-Michel LECHIEN

Managing director · since 14 mai 2010 · until 14 mai 2016

Ended

Fabienne GILLET

Director · since 30 juin 2003 · until 14 mai 2009

Ended

Jean-Michel LECHIEN

Managing director · since 30 juin 2003 · until 14 mai 2009

Ended

At this address

Other companies at this address

Company	CBE no.
MGB Holding● Active	1013.636.439

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2025	18/06/2024	06/07/2023	21/06/2022	21/10/2021	12/06/2020
General meeting	08/05/2025	10/05/2024	11/05/2023	12/05/2022	14/05/2021	14/05/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	08/05/2025	30/08/2025	French	PDF
Abridged model	31/12/2023	10/05/2024	18/06/2024	French	PDF
Abridged model	31/12/2022	11/05/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	12/05/2022	21/06/2022	French	PDF
Abridged model	31/12/2020	14/05/2021	21/10/2021	French	PDF
Abridged model	31/12/2019	14/05/2020	12/06/2020	French	PDF
Abridged modelCorrection	31/12/2018	09/05/2019	22/08/2019	French	PDF
Abridged model	31/12/2018	09/05/2019	08/08/2019	French	PDF
Abridged model	31/12/2017	11/05/2018	31/08/2018	French	PDF
Abridged modelCorrection	31/12/2016	11/05/2017	12/07/2017	French	PDF
Abridged model	31/12/2016	11/05/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	12/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	14/05/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	08/05/2014	16/06/2014	French	PDF
Abridged model	31/12/2012	09/05/2013	07/06/2013	French	PDF
Abridged model	31/12/2011	10/05/2012	20/06/2012	French	PDF
Abridged model	31/12/2010	12/05/2011	31/05/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	25/05/2010	French	PDF
Abridged model	31/12/2008	14/05/2009	03/06/2009	French	PDF
Abridged model	31/12/2007	08/05/2008	26/05/2008	French	PDF
Abridged model	31/12/2006	10/05/2007	20/06/2007	French	PDF

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 31/12/2024 · 3 active · 7 ended

Active mandates

Mohamed Boukamir

Director · since 29 août 2024

Active

Charifa Akoudad

Director

Active

Naura Boukamir

Director

Active

Ended mandates

Fabienne GILLET

Director · since 14 mai 2010 · until 14 mai 2016

Ended

Jean-Michel LECHIEN

Managing director · since 14 mai 2010 · until 14 mai 2016

Ended

Fabienne GILLET

Director · since 30 juin 2003 · until 14 mai 2009

Ended

Jean-Michel LECHIEN

Managing director · since 30 juin 2003 · until 14 mai 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office08/10/2015
SIEGE SOCIAL
PDF
Mandates11/06/2010
DEMISSIONS, NOMINATIONS
PDF
Other08/08/2003
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

2024
Annual accounts 2024173,2 k €↑
2024
Name changeUltrafrais
2023
Annual accounts 2023-73,4 k €↑
2022
Annual accounts 2022-93,6 k €↓
2021
Annual accounts 2021190,2 k €↓
2021
Name changeULTRA FRAIS
2020
Annual accounts 2020299,5 k €↑
2019
Annual accounts 2019103,7 k €↓
2018
Annual accounts 2018133,1 k €↑
2017
Annual accounts 2017117,3 k €↑
2016
Annual accounts 20166,5 k €↓
2015
Annual accounts 201517,2 k €↓
2014
Annual accounts 201425,3 k €↑
2013
Annual accounts 20137 k €↑
2012
Annual accounts 2012-3,4 k €↓
2011
Annual accounts 201164,3 k €↑
2010
Annual accounts 201041,2 k €↓
2009
Annual accounts 200947,8 k €↑
2008
Annual accounts 200820,2 k €↓
2007
Annual accounts 200747,9 k €↑
2006
Annual accounts 200625,3 k €
01/08/2003
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Ultrafrais

Overview

What does Ultrafrais do?

Trend over 19 financial years

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