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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Utiq is 2.5% (moderate). The 2024 annual accounts show equity of €5.17M and a net result of €-10.86M. Its solvency ranks better than 44% of 129 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.5%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate region
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidencePersistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-10.86M-82.0%
Working capital€-5.58M
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 06-06-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 73, Advertising & market research · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 36.3% | 43.0% | |
| Net result | €-10.86M | €28k | |
| Equity | €5.17M | €111k | |
| Gross operating margin | €-8.94M | €81k | |
| Staff costs | €1.11M | €235k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-10.06M
-81.0%
23-24
€-10.86M
-82.0%
23-24
€-9.91M
-78.1%
23-24
€14.24M
+24.4%
23-24
€5.17M
-35.6%
23-24
€-5.58M
-
23-24
3
+57.9%
23-24
€1.11M
+56.6%
23-24
€870
-67.2%
23-24
€9.07M
+165.9%
23-24
€8.67M
+190.5%
23-24
0.36
-83.6%
23-24
0.36
-83.6%
23-24
36.3%
-48.3%
23-24
1.75
+313.0%
23-24
-210.0%
-182.8%
23-24
-76.3%
-46.3%
23-24
-151.94
+32.3%
23-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-10.06M |
| Net profit | €-10.86M |
| Cash flow | €-9.91M |
| Staff costs | €1.11M |
| Income taxes | €870 |
| Dividends | - |
| Total assets | €14.24M |
| Equity | €5.17M |
| Debt | €9.07M |
| of which ≤ 1y | €8.67M |
| of which > 1y | - |
| Working capital | €-5.58M |
| Employees (FTE) | 3.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.36 |
| Quick ratio | 0.36 |
| Working capital ratio | -39.2% |
| Solvency | 36.3% |
| Debt / equity | 1.75 |
| Long-term debt ratio | - |
| Interest coverage | -151.94 |
| Gross margin | - |
| Net margin | - |
| ROA | -76.3% |
| ROE | -210.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €14.24M |
| Fixed assets | 21/28 | €11.15M |
| Intangible fixed assets | 21 | €4.17M |
| Tangible fixed assets | 22/27 | €29k |
| Financial fixed assets | 28 | €6.95M |
| Current assets | 29/58 | €3.09M |
| Amounts receivable within one year | 40/41 | €324k |
| Cash & bank | 54/58 | €2.66M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €14.24M |
| Equity | 10/15 | €5.17M |
| Contributions / capital | 10/11 | €22.00M |
| Accumulated profits (losses) | 14 | €-16.83M |
| Amounts payable | 17/49 | €9.07M |
| Amounts payable within one year | 42/48 | €8.67M |
| Trade debts payable within one year | 44 | €8.23M |
| Income statement | ||
| Gross operating margin | 9900 | €-8.94M |
| Operating result | 9901 | €-11.01M |
| Financial income | 75 | €218k |
| Financial charges | 65 | €66k |
| Result before taxes | 9903 | €-10.86M |
| Income taxes | 67/77 | €870 |
| Net result for the period | 9904 | €-10.86M |
| Result to be appropriated | 9905 | €-10.86M |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed15
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
6 directorsCurrent directors & mandates
-
Current23-05-2025 → present
-
Current08-02-2024 → present
-
Duval Union SRLLegal entityDirector· perm. rep.: Klaus LommatzschState Gazette act 23042374 (27-03-2023)Current17-03-2023 → present
-
Current17-03-2023 → present
-
Current17-03-2023 → present
Former directors (1)
-
Former07-09-2023 → 23-04-2025
2 events
- 23-04-2025 Resigned· Director
- 07-09-2023 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| GRANT THORNTON BELGIUMCurrent Statutory auditor · represented by Gregory Desmet |
- | 05-02-2024 → present |
| Marius SchnepperCurrent Statutory auditor |
- | 01-06-2023 → present |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van reclamebureaus(73110) |
| Legal form | Public limited company(014) |
| Incorporation | 03-03-2023 |
| Status | Active |
| Postal code | 1000 |
Structure & network
Connections & network
2 connected companiesGroup structure
Parent · 2 subsidiaries · 1 location
Control→
Network connections
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationUtiq
since 20232.342.658.480
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,342 m²
Buildings1
Building footprint1,841 m²
Volume (LiDAR)64,043 m³
Tallest building42.2 m · ±12 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0901/00N000 | Brussels | 2,342 m² | 1 · 1,841 m² | 42.2 m · 12 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
1 verified actWhat every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
2026
19-03-2026
Miscellaneous
- General meeting , 12-03-2026
- Share issue , Droits de Souscription, 60.215
- Capital increase
Analysis
Snowflake analysis
financial profile on 5 axes37
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
15
Profitability
0
Solvency
46
Growth
32
Stability
94
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads BankActivities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Reclamebureaus73110Activiteiten van reclamebureaus73110
Primary activity highlighted.
Names & trade names
| Legal nameFR | Utiq |
Registered office
Wolstraat 70
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.