Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
85 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AD ULTIMA INVEST from Kortrijk, company number BE0879143662, closed financial year 2025 with a result of € 2 million after tax. For that financial year AD ULTIMA INVEST recorded revenue of € 5.6 million and equity of € 14.9 million. Compared with financial year 2023, the result moved from € -467,469 to € 2 million. Profitable, and profit is growing. 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 May 26, 2026.
€ 14.9 million
▲ 124% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ still € 467,469 loss in 2023
Profit after tax over the fiscal year.
€ 9,007
▼ 95% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 10.3 million.
People and assets in 2025
18.5
▼ 15.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 49% vs 2023
€ 92,200 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.
€ 3,035
▼ 82% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.4 million
▲ € 5.4 million vs 2023
€ 980,000 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 603,501
▼ 80% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 71,185
▼ 89% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,317,015 | € 8,879,741 | € 10,998,820 | € 5,556,839 | ▼ 49% |
| Profit after taxes | € 1,408,057 | € 438,669 | € -467,469 | € 1,997,816 | ▲ € 2.5 million |
| Equity | € 6,669,109 | € 7,107,778 | € 6,640,309 | € 14,901,800 | ▲ 124% |
| Total debts | € 15,667,713 | € 13,611,237 | € 12,948,913 | € 7,570,788 | ▼ 42% |
| Cash | € 20,633 | € 99,465 | € 177,132 | € 9,007 | ▼ 95% |
| Land & buildings | € 36,740 | € 23,022 | € 18,623 | € 5,995 | ▼ 68% |
| Retained profit | € 2,017,609 | € 2,456,278 | € 1,988,809 | € 10,250,300 | ▲ € 8.3 million |
| Bank debt | € 53,196 | € 25,001 | € 4,167 | € 5,400,000 | ▲ € 5.4 million |
| Balance sheet total | € 22,336,822 | € 20,719,015 | € 19,589,222 | € 22,472,588 | ▲ 15% |
| Employees (FTE) | 19.9 | 26.8 | 34 | 18.5 | ▼ 15.5 |
Key figures of AD ULTIMA INVEST, fiscal years 2021 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 AD ULTIMA INVEST?
What happened at AD ULTIMA INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- 9altitudes Enterprise Solutions NV stepped down as director. NBB
- Profundus BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2 million. Source: NBB ↗
- 9altitudes Enterprise Solutions NV became a director. NBB
- Profundus BV became a director. NBB
- New establishment in Kortrijk. KBO
- New establishment in Gent. KBO
- New establishment in Kortrijk. KBO
In short
From € 1.4 million profit in 2021 to € 2 million profit in 2025.
Paid € 465,136 in corporate taxes since 2021.
Best year ever: 2025, with € 2 million profit.
Pays suppliers within 38 days on average.
A new publication or filing at AD ULTIMA INVEST? We notify you, reason included.
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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
The stake of 9altitudes Enterprise Solutions comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AD ULTIMA INVESTThe shares are held by 9altitudes Enterprise Solutions (100%). It owns 100% of Ex Arte NV, 100% of Ad Ultima France SAS and 100% of Ad Ultima NV itself.
Directors
According to the 2025 annual accounts
9altitudes Enterprise Solutions NV
Director · represented by Nicolas d'Heygere
since 2023 · until 2026
Director · represented by Filip Bossuyt
Also active at: 9altitudes Enterprise Solutions, 9altitudes BV, 9altitudes Engineering Solutions
since 2020 · until 2026
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Beneluxpark(Kor) 26 box 27
8500 Kortrijk
Beneluxpark(Kor) 35
8500 Kortrijk
Active since 1 January 2020
Ottergemsesteenweg-Zuid 808 box B
9000 Gent
Active since 1 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 85 companies are registered at this address.
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€ 43,647 gross margin · 2023
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€ -27,246 gross margin · 2025
DENNEDUIN
€ 31,303 gross margin · 2025
ICT Talents
€ 3.9 million gross margin · 2025
Engi Talents
€ 40.5 million revenue · 2025
+80 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0879.143.662
- VAT number
- BE 0879.143.662
- Registered office
- Beneluxpark(Kor) 26 bus 27, 8500 Kortrijk
- Names & denominations
- AD ULTIMA INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 2006
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- 9altitudes.com
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings