Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ULTEAM from Binche, company number BE0736575141, closed financial year 2025 with a result of € -22,982 after tax. For that financial year ULTEAM recorded a gross margin of € 358,638 and equity of € 2,357. Compared with financial year 2024, the result moved from € -13,364 to € -22,982. The company made a loss. The buffer shrank hard: equity is 91 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 2,357
▼ 91% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,982
▼ 72 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,133
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -22,643.
People and assets in 2025
3.3
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 120,128
▼ 16% vs 2024
€ 36,400 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.
€ 77,066
▼ 33% vs 2024
Of which on lease € 63,798.
Debts at end 2025
€ 2.3 million
▼ 4% vs 2024
€ 212,830 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 27,478
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,762
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 130,379 | € 271,096 | € 333,716 | € 358,638 | ▲ 7% |
| Profit after taxes | € 7,437 | € -8,615 | € -13,364 | € -22,982 | ▼ € 9,618 |
| Equity | € 47,318 | € 38,703 | € 25,339 | € 2,357 | ▼ 91% |
| Total debts | € 2,824,122 | € 2,828,709 | € 2,624,376 | € 2,488,165 | ▼ 5% |
| Cash | € 16,089 | € 10,257 | € 9,980 | € 6,133 | ▼ 39% |
| Land & buildings | € 2,502,095 | € 2,474,377 | € 2,396,424 | € 2,318,109 | ▼ 3% |
| Retained profit | € 22,318 | € 13,703 | € 339 | € -22,643 | ▼ € 22,982 |
| Bank debt | € 2,180,219 | € 2,561,527 | € 2,400,618 | € 2,302,247 | ▼ 4% |
| Balance sheet total | € 2,871,440 | € 2,867,411 | € 2,649,714 | € 2,490,521 | ▼ 6% |
| Employees (FTE) | - | 1.9 | 4.6 | 3.3 | ▼ 1.3 |
Key figures of ULTEAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ULTEAM?
What happened at ULTEAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,982. Source: NBB ↗
- New establishment in Binche. KBO
- FREDERIC HOUDART became a director. NBB
- PERFINMOTION SRL became a director. NBB
- Pierre PARMENTIER became a director. NBB
- PP SPORTS PERFORMANCES SComm became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,437 profit in 2022 to € 22,982 loss in 2025.
Best year ever: 2022, with € 7,437 profit.
On average € 108,700 of value added per employee in 2025.
Management
The stake of PERFINMOTION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ULTEAMBehind ULTEAM are FREDERIC HOUDART, PERFINMOTION SRL, Pierre PARMENTIER and PP SPORTS PERFORMANCES SComm. The shares are held by PERFINMOTION (50%).
Directors
According to the 2025 annual accounts
since 2019
Managing director
since 2019
Pierre PARMENTIER
Représentant Légal
Also active at: ASSURANCES PARMENTIER DAUVIN ET CIE, PP SPORTS PERFORMANCES
since 2019
Managing director
since 2019
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Route de Mons(BIN) 637
7130 Binche
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
ulteam.com
Registered
2001-11-24
Registrar
GoDaddy.com, LLC
Expires
2026-11-24
Website info
Features
Security
Details
- Company number
- 0736.575.141
- VAT number
- BE 0736.575.141
- Registered office
- Route de Mons(BIN) 637, 7130 Binche
- Names & denominations
- ULTEAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2019
- Peppol
- Active · Active since 5 Mar 2025
- Contact
- ulteam.com
- Activities · NACE
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