ACTIVE

AD ULTIMA INVEST

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Financial year 2025 · Closed on 31/12/2025

Net result2 M €+527,4 %over 1 year
Revenue5,6 M €-49,5 %over 1 year
Equity14,9 M €+124,4 %over 1 year
Workforce18,5 ETP-45,6 %over 1 year

Identity

Source · BCE/KBO

AD ULTIMA INVEST is a Public limited company incorporated in 2006. Its main activity is: Activities of holding companies. Its registered office is in Kortrijk. It employs on average 18,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0879.143.662
Incorporation
06/02/2006
Legal form
Public limited company
Registered office
Beneluxpark(Kor) 26 box 27
8500 Kortrijk · FlandreSee on map
Contributed capital
4 651 500,00 €
Latest accounts
31/12/2025
Average workforce
18,5 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 16 financial years

20252023202220212020
Income statement
Revenue5,6 M €11 M €8,9 M €7,3 M €5,5 M €
EBITDA3,6 M €202,5 k €950,1 k €2,2 M €-1,3 M €
Operating result2,5 M €-792 k €134,4 k €1,5 M €-1,7 M €
Net result2 M €-467,5 k €438,7 k €1,4 M €-263,2 k €
Balance sheet
Equity14,9 M €6,6 M €7,1 M €6,7 M €5,3 M €
Total assets22,5 M €19,6 M €20,7 M €22,3 M €18,5 M €
Cash9 k €177,1 k €99,5 k €20,6 k €1,3 M €
Debts6,7 M €10,5 M €11,2 M €13,6 M €11,8 M €
Other
Workforce18,5 ETP34,0 ETP26,8 ETP19,9 ETP15,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 15 ended

Active mandates

9altitudes Enterprise Solutions

Director · since 09 mai 2023 · until 19 juin 2026 · 0731.679.017

Represented by Nicolas d'Heygere

Active
PROFUNDUS

Director · since 17 décembre 2020 · until 19 juin 2026 · 0565.992.129

Represented by Filip Bossuyt

Active

Ended mandates

9altitudes Enterprise Solutions

Director · since 21 décembre 2020 · until 19 juin 2026 · 0731.679.017

Represented by Cédric Van Cauwenberghe

Ended
PROFUNDUS

Director · since 21 décembre 2020 · until 19 juin 2026 · 0565.992.129

Represented by Filip Bossuyt

Ended
9altitudes Enterprise Solutions

Director · since 17 décembre 2020 · until 19 juin 2026 · 0731.679.017

Represented by Cédric Van Cauwenberghe

Ended
9altitudes Enterprise Solutions

Director · since 21 août 2019 · 0731.679.017

Represented by VAN CAUWENBERGHE CÉDRIC

Ended

Other companies at this address

Beneluxpark(Kor) 26 8500 Kortrijk
CompanyCBE 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● Active
0472.713.068
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● Active
0788.491.521
DP-Technics● Active
1021.323.787

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date26/05/202616/05/202511/07/202423/06/202323/06/202223/06/2021
General meeting30/04/202630/04/202528/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/04/202626/05/2026DutchPDF
Full model31/12/202430/04/202516/05/2025DutchPDF
Full model31/12/202328/06/202411/07/2024DutchPDF
Full model31/12/202216/06/202323/06/2023DutchPDF
Full model31/12/202117/06/202223/06/2022DutchPDF
Full model31/12/202018/06/202123/06/2021DutchPDF
Full model31/12/201919/06/202014/07/2020DutchPDF
Full model31/12/201821/06/201918/07/2019DutchPDF
Full model31/12/201715/06/201813/07/2018DutchPDF
Full model31/12/201623/06/201717/07/2017DutchPDF
Full model31/12/201530/09/201630/09/2016DutchPDF
Full model31/12/201419/06/201516/07/2015DutchPDF
Full model31/12/201329/12/201430/12/2014DutchPDF
Full model31/12/201210/06/201430/07/2014DutchPDF
Full model31/12/201115/06/201210/07/2012DutchPDF
Full model31/12/201017/06/201113/07/2011DutchPDF
Abridged model30/06/200929/12/200925/01/2010DutchPDF
Abridged model30/06/200820/12/200820/01/2009DutchPDF
Abridged model30/06/200717/01/200831/01/2008DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

2 active · 15 ended

Active mandates

9altitudes Enterprise Solutions

Director · since 09 mai 2023 · until 19 juin 2026 · 0731.679.017

Represented by Nicolas d'Heygere

Active
PROFUNDUS

Director · since 17 décembre 2020 · until 19 juin 2026 · 0565.992.129

Represented by Filip Bossuyt

Active

Ended mandates

9altitudes Enterprise Solutions

Director · since 21 décembre 2020 · until 19 juin 2026 · 0731.679.017

Represented by Cédric Van Cauwenberghe

Ended
PROFUNDUS

Director · since 21 décembre 2020 · until 19 juin 2026 · 0565.992.129

Represented by Filip Bossuyt

Ended
9altitudes Enterprise Solutions

Director · since 17 décembre 2020 · until 19 juin 2026 · 0731.679.017

Represented by Cédric Van Cauwenberghe

Ended
9altitudes Enterprise Solutions

Director · since 21 août 2019 · 0731.679.017

Represented by VAN CAUWENBERGHE CÉDRIC

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office24/10/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/01/2021
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates25/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/10/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

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 20252 M €↑
  2. 2023
    Annual accounts 2023-467,5 k €↓
  3. 2022
    Annual accounts 2022438,7 k €↓
  4. 2021
    Annual accounts 20211,4 M €↑
  5. 2020
    Annual accounts 2020-263,2 k €↓
  6. 2018
    Annual accounts 2018148,5 k €↑
  7. 2017
    Annual accounts 2017112,7 k €↓
  8. 2016
    Annual accounts 2016153,6 k €↑
  9. 2015
    Annual accounts 201597,6 k €↑
  10. 2014
    Annual accounts 2014-18 k €↓
  11. 2013
    Annual accounts 201347 k €↓
  12. 2012
    Annual accounts 201284,2 k €↓
  13. 2011
    Annual accounts 2011536,2 k €↑
  14. 2010
    Annual accounts 201047,5 k €↓
  15. 2009
    Annual accounts 200950,7 k €↑
  16. 2007
    Annual accounts 200726,9 k €
  17. 06/02/2006
    IncorporationPublic limited company