IFS Ultimo
ActiveSummary
IFS Ultimo has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.06M and a net result of €1.14M. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+6
Solvency100▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 6.3 against 2.65 in 2024; short-term debt: 15.7% and cash: 46.3% of total assets), and 20% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80%
Return on assets
15%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
45 d early
2023
36 d early
2022
33 d early
2021
59 d late
2020
17 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.06M▲ 23.1%
2024 · €4.92M
2018: €1.43M
2019: €1.68M
2020: €2.04M
2021: €2.38M
2022: €3.07M
2023: €4.07M
2024: €4.92M
2018 → 2025
Total assets
€7.57M▼ 3.9%
2024 · €7.88M
2018: €2.54M
2019: €2.70M
2020: €2.89M
2021: €4.18M
2022: €5.54M
2023: €5.55M
2024: €7.88M
2018 → 2025
Net result
€1.14M▲ 34.1%
2024 · €849k
2018: €297k
2019: €247k
2020: €362k
2021: €339k
2022: €691k
2023: €998k
2024: €849k
2018 → 2025
Working capital
€6.32M▲ 30.1%
2024 · €4.86M
2018: €1.33M
2019: €1.58M
2020: €1.99M
2021: €2.30M
2022: €3.01M
2023: €4.03M
2024: €4.86M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.38M-€3.07M▲ 29.0%€4.07M▲ 32.5%€4.92M▲ 20.9%€6.06M▲ 23.1%
Operating result€499k-€968k▲ 94.1%€1.11M▲ 15.0%€1.02M▼ 8.3%€1.42M▲ 38.8%
Net result€339k-€691k▲ 104%€998k▲ 44.4%€849k▼ 14.9%€1.14M▲ 34.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.57M
Fixed assets
€57k ▼ 16.8%
Current assets
€7.51M ▼ 3.8%
Equity and liabilities €7.57M
Equity
€6.06M ▲ 23.1%
Debt
€1.51M ▼ 48.9%
Debt's share of the balance-sheet total falls from 37.5% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.42M▲
2024 · €1.03M
Cash flow
€1.15M▲
2024 · €858k
Current ratio
6.30▲
2024 · 2.65
Debt to equity
0.25▼
2024 · 0.60
ROE
18.8%▲
2024 · 17.3%
ROA
15.0%▲
2024 · 10.8%
Interest coverage
38.70▲
2024 · 25.84
Debt ≤ 1 year
€1.19M▼
2024 · €2.95M
Income taxes
€392k▲
2024 · €289k
Staff costs
€1.88M▼
2024 · €1.92M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.88M€7.57M▼
Fixed assets21/28€69k€57k▼
Tangible fixed assets22/27€19k€16k▼
Furniture and vehicles24€19k€16k▼
Financial fixed assets28€49k€41k▼
Current assets29/58€7.81M€7.51M▼
Amounts receivable within one year40/41€7.75M€3.96M▼
Trade receivables40€666k€386k▼
Other amounts receivable41€7.09M€3.57M▼
Cash at bank and in hand54/58€24k€3.51M▲
Deferred charges and accrued income490/1€33k€51k▲
Equity and liabilities
Total equity and liabilities10/49€7.88M€7.57M▼
Equity10/15€4.92M€6.06M▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€4.90M€6.04M▲
Amounts payable17/49€2.96M€1.51M▼
Amounts payable within one year42/48€2.95M€1.19M▼
Financial debts43€1.29M€0▼
Credit institutions430/8€1.29M€0▼
Trade debts44€709k€604k▼
Suppliers440/4€709k€604k▼
Taxes, remuneration and social security45€557k€588k▲
Taxes450/3€130k€117k▼
Remuneration and social security454/9€427k€472k▲
Other amounts payable47/48€388k€0▼
Accrued charges and deferred income492/3€9k€319k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.92M€1.88M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€-8k▲
Other operating charges640/8€20k€21k▲
Non-recurring operating charges66A€698€499▼
Gross operating margin9900€2.96M€3.31M▲
Operating profit (loss)9901€1.02M€1.42M▲
Financial income75/76B€157k€151k▼
Recurring financial income75€157k€151k▼
Financial charges65/66B€40k€37k▼
Recurring financial charges65€40k€37k▼
Profit (loss) for the period before taxes9903€1.14M€1.53M▲
Income taxes67/77€289k€392k▲
Profit (loss) for the period9904€849k€1.14M▲
Profit (loss) for the period to be appropriated9905€849k€1.14M▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.90M€6.04M▲
Profit (loss) brought forward from the previous period14P€4.05M€4.90M▲
Social balance
Average headcount (FTE)908715.615.9▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.14M ▲34.1%
Operating result €1.42M, net result €1.14M, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.30
Current ratio from 2.65 to 6.30; short-term debt falls from €2.95M to €1.19M.
31-12
Financial
Equity above €5MEq €6.06M ▲23.1%
8 profitable years in a row build equity to €6.06M.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2MEq €2.04M ▲21.5%
3 profitable years in a row build equity to €2.04M.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €247k ▼17%
Net result drops to €247k, the lowest in the series; recovery starts the following year.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schaliënhoevedreef 202800 MechelenGround area
3,774 m²
Building footprint
1,005 m²
Volume, LiDAR
16,687 m³
Parcel 12402A0204/00R000, Flanders · tallest building 24.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
IFS Ultimo
since 20062.158.176.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0204/00R000 | Flanders | 3,774 m² | 1 · 1,004 m² | 24.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,164 EUR awarded · 1,164 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 690 EUR |
| 2022 | 1 | 1,164 EUR | 474 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
6994001VXEM1GWVKQB29
Similar companies · same sector, comparable size
AD ULTIMA
BE 0472.713.068
Kortrijk · Eq €6.31M
Telenet Retail
BE 0813.219.195
Mechelen · Eq €5.81M
Alternate België
BE 0893.031.290
Aartselaar · Eq €6.57M
Luzmo
BE 0640.944.227
Leuven · Eq €5.50M
TAURIS
BE 0454.613.660
Zulte · Eq €4.80M
Of 3,226 companies in sector 47400 we hold annual accounts for 1,806. 188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62100Computer programming
46500Wholesale of information and communication equipment
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.