Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8.4 to 6.9.
Financials
Financial year 2024
ULVACO from Aalst, company number BE0454293461, closed financial year 2024 with a result of € 228,338 after tax. For that financial year ULVACO recorded a gross margin of € 780,421 and equity of € 1.3 million. Compared with financial year 2023, the result moved from € 260,087 to € 228,338. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 21, 2025.
€ 1.3 million
▲ 10% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 228,338
▼ 12% vs 2023
Profit after tax over the fiscal year.
€ 513,045
▼ 28% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 105,290 paid out
46 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
6.9
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 375,058
▲ 4% vs 2023
€ 54,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 336,591
▲ € 259,549 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 235,325
▲ 224% vs 2023
€ 64,252 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 309,973
▲ 91% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 94,695
▲ 45% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 667,229 | € 678,923 | € 764,712 | € 780,421 | ▲ 2% |
| Profit after taxes | € 156,367 | € 153,624 | € 260,087 | € 228,338 | ▼ 12% |
| Equity | € 959,226 | € 933,337 | € 1,193,424 | € 1,316,473 | ▲ 10% |
| Total debts | € 728,704 | € 608,288 | € 320,487 | € 743,056 | ▲ 132% |
| Cash | € 539,488 | € 616,078 | € 716,027 | € 513,045 | ▼ 28% |
| Land & buildings | - | € 700 | € 700 | € 700 | |
| Retained profit | € 940,626 | € 914,737 | € 1,174,824 | € 1,297,873 | ▲ 10% |
| Dividend | € 401,789 | € 179,513 | € 0 | € 105,290 | |
| Bank debt | € 199,086 | € 135,052 | € 72,737 | € 235,325 | ▲ 224% |
| Balance sheet total | € 1,687,930 | € 1,541,625 | € 1,513,911 | € 2,059,529 | ▲ 36% |
| Employees (FTE) | 7.1 | 8.4 | 7.4 | 6.9 | ▼ 0.5 |
Key figures of ULVACO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ULVACO?
What happened at ULVACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 228,338 (▼ 12% vs 2023). filed late Source: NBB ↗
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 156,367 profit in 2021 to € 228,338 profit in 2024.
Paid € 340,500 in corporate taxes since 2021.
Best year ever: 2023, with € 260,087 profit.
On average € 113,100 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ULVACO is Ulrich Van Coningsloo.
Directors
According to the 2024 annual accounts
Ulrich Van Coningsloo
Director
Establishments
Establishment units
Physical locations of this company
Steenweg op Dendermonde 74
9308 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.293.461
- VAT number
- BE 0454.293.461
- Registered office
- Steenweg op Dendermonde 74, 9308 Aalst
- Names & denominations
- ULVACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 1995
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
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