Utopi
ActiveSummary
Utopi has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €4k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 57% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-7
Solvency78▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.98 in 2023; short-term debt: 46.5% and cash: 1.9% of total assets), and 47.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.8%
Return on assets
3.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €61k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
25 d early
2022
28 d early
2021
78 d late
2020
24 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€61k▲ 6.4%
2023 · €57k
2018: €53k
2019: €57k
2020: €56k
2021: €53k
2022: €50k
2023: €57k
2018 → 2024
Total assets
€115k▲ 34.8%
2023 · €86k
2018: €63k
2019: €109k
2020: €80k
2021: €76k
2022: €88k
2023: €86k
2018 → 2024
Net result
€4k▼ 52.2%
2023 · €8k
2018: €-5k
2019: €4k
2020: €-611
2021: €-3k
2022: €-3k
2023: €8k
2018 → 2024
Working capital
€60k▲ 9.2%
2023 · €55k
2018: €43k
2019: €52k
2020: €50k
2021: €48k
2022: €50k
2023: €55k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€56k-€53k▼ 6.0%€50k▼ 6.6%€57k▲ 15.4%€61k▲ 6.4%
Operating result€-259-€-4k▼ 1,606%€-3k▲ 29.2%€7k€5k▼ 24.8%
Net result€-611-€-3k▼ 456%€-3k▼ 2.9%€8k€4k▼ 52.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €115k
Fixed assets
€1k ▼ 43.4%
Current assets
€114k ▲ 36.9%
Equity and liabilities €115k
Equity
€61k ▲ 6.4%
Debt
€54k ▲ 92.0%
Debt's share of the balance-sheet total rises from 33.2% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2023 · €8k
Cash flow
€5k▼
2023 · €8k
Current ratio
2.13▼
2023 · 2.98
Quick ratio
1.51▼
2023 · 2.26
Debt to equity
0.90▲
2023 · 0.50
ROE
6.0%▼
2023 · 13.4%
ROA
3.2%▼
2023 · 8.9%
Interest coverage
54.61▲
2023 · 37.32
Debt ≤ 1 year
€54k▲
2023 · €28k
Income taxes
€2k▲
2023 · €142
Staff costs
€0▼
2023 · €78
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€86k€115k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€83k€114k▲
Amounts receivable after more than one year29€39k€39k=
Trade receivables290€39k€39k=
Stocks and contracts in progress3€20k€33k▲
Stocks30/36-€13k
Contracts in progress37€20k€20k=
Amounts receivable within one year40/41€18k€38k▲
Trade receivables40€12k€23k▲
Other amounts receivable41€6k€15k▲
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€86k€115k▲
Equity10/15€57k€61k▲
Contributions10/11€19k€19k=
Reserves13€38k€42k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€38k€42k▲
Profit (loss) carried forward14€132€0▼
Amounts payable17/49€28k€54k▲
Amounts payable within one year42/48€28k€54k▲
Trade debts44€11k€31k▲
Suppliers440/4€11k€31k▲
Taxes, remuneration and social security45€16k€23k▲
Taxes450/3€495€2k▲
Remuneration and social security454/9€16k€21k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€400€850▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€78€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€671€964▲
Other operating charges640/8€821€1k▲
Gross operating margin9900€9k€7k▼
Operating profit (loss)9901€7k€5k▼
Financial income75/76B€1k€293▼
Recurring financial income75€1k€293▼
Financial charges65/66B€204€113▼
Recurring financial charges65€204€113▼
Profit (loss) for the period before taxes9903€8k€5k▼
Income taxes67/77€142€2k▲
Profit (loss) for the period9904€8k€4k▼
Profit (loss) for the period to be appropriated9905€8k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€132€4k▲
Profit (loss) brought forward from the previous period14P€-8k€132▲
Transfer to equity691/2-€4k
To contributions691-€4k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lokeren · 1 establishment unit since 2009
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.
Hillarestraat 1209160 LokerenGround area
197 m²
Building footprint
123 m²
Parcel 46384C1015/00V002, Flanders. Linked by address, not a title deed.
1 establishment unit
Utopi
since 20092.177.281.794
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C1015/00V002 | Flanders | 197 m² | 1 · 123 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesUtopi BV42064
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,700 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
Founded16-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42211Civil engineering
42219Civil engineering
43350Other building finishing work
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.