ULUTI
ActiveSummary
ULUTI has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €238,369 and a net result of €73,767. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 56% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+7
Solvency64▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 0.76 in 2023; short-term debt: 26.6% and cash: 33.4% of total assets), and 61.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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 €238,369
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
69 d late
2022
56 d late
2021
85 d late
2020
31 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€238,369▲ 42.0%
2023 · €167,904
Total assets
€616,669▲ 14.5%
2023 · €538,428
Net result
€73,767▲ 120%
2023 · €33,566
Working capital
€49,843
2023 · -€33,112
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€15,014▲ 37.1%€55,916-€10,409€47,698€108,783▲ 128%
Net result€420,985above the sector's middle half€46,710above the sector's middle half▼ 88.9%-€9,491below the sector's middle half€33,566above the sector's middle half€73,767above the sector's middle half▲ 120%
Equity€94,952within the sector's middle half▼ 90.2%€141,662within the sector's middle half▲ 49.2%€134,337within the sector's middle half▼ 5.2%€167,904within the sector's middle half▲ 25.0%€238,369within the sector's middle half▲ 42.0%
Total assets€259,072within the sector's middle half▼ 78.4%€272,669within the sector's middle half▲ 5.2%€515,276within the sector's middle half▲ 89.0%€538,428within the sector's middle half▲ 4.5%€616,669within the sector's middle half▲ 14.5%
Debt€150,712▲ 0.5%€121,648▼ 19.3%€376,248▲ 209%€368,634▼ 2.0%€375,905▲ 2.0%
Working capital-€66,244€11,389-€78,123-€33,112▲ 57.6%€49,843
Solvency36.7%within the sector's middle half▼ 44.7pp52.0%within the sector's middle half▲ 15.3pp26.1%within the sector's middle half▼ 25.9pp31.2%within the sector's middle half▲ 5.1pp38.7%within the sector's middle half▲ 7.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 128% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €616,669
Fixed assets
€402,503 ▼ 6.9%
Current assets
€214,166 ▲ 102%
Equity and liabilities €616,669
Equity
€238,369 ▲ 42.0%
Provisions
€2,395 ▲ 26.7%
Debt
€375,905 ▲ 2.0%
Debt's share of the balance-sheet total falls from 68.5% to 61.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€144,261▲
2023 · €90,621
Cash flow
€109,245▲
2023 · €76,489
Current ratio
1.30▲
2023 · 0.76
Debt to equity
1.58▼
2023 · 2.20
ROE
30.9%▲
2023 · 20.0%
ROA
12.0%▲
2023 · 6.2%
Interest coverage
46.19▲
2023 · 29.10
Debt ≤ 1 year
€164,323▲
2023 · €139,283
Debt > 1 year
€211,582▼
2023 · €229,351
Income taxes
€34,688▲
2023 · €13,846
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,980 | €49,800 | ▲ 900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,327 | €38,642 | €48,906 | €42,923 | €35,478 | ▼ 17.3% |
| Other operating charges640/8 | - | €18,342 | €66,567 | €21,772 | €22,647 | ▲ 4.0% |
| Gross operating margin9900 | €90,660 | €112,900 | €105,064 | €112,393 | €166,908 | ▲ 48.5% |
| Operating profit (loss)9901 | -€15,014 | €55,916 | -€10,409 | €47,698 | €108,783 | ▲ 128% |
| Financial income75/76B | - | €7,036 | €4,983 | €27 | - | - |
| Recurring financial income75 | €67 | €17 | €3 | €27 | - | - |
| Non-recurring financial income76B | - | €7,019 | €4,980 | - | - | - |
| Financial charges65/66B | - | €655 | €6,567 | €3,114 | €3,123 | ▲ 0.3% |
| Recurring financial charges65 | €206 | €655 | €6,567 | €3,114 | €3,123 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €562,792 | €62,297 | -€11,993 | €44,611 | €105,660 | ▲ 137% |
| Transfer from deferred taxes780 | - | €4,049 | €2,502 | €2,801 | €2,795 | ▼ 0.2% |
| Income taxes67/77 | €27,026 | €19,636 | - | €13,846 | €34,688 | ▲ 151% |
| Profit (loss) for the period9904 | €420,985 | €46,710 | -€9,491 | €33,566 | €73,767 | ▲ 120% |
| Transfer from tax-exempt reserves789 | - | €9,913 | €5,145 | €6,857 | €6,843 | ▼ 0.2% |
| Profit (loss) for the period to be appropriated9905 | €74,408 | €56,623 | -€4,346 | €40,423 | €80,610 | ▲ 99.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €259,072 | €272,669 | €515,276 | €538,428 | €616,669 | ▲ 14.5% |
| Fixed assets21/28 | €174,604 | €139,632 | €464,063 | €432,257 | €402,503 | ▼ 6.9% |
| Tangible fixed assets22/27 | €174,604 | €139,632 | €464,063 | €432,257 | €402,503 | ▼ 6.9% |
| Land and buildings22 | - | €104,964 | €425,369 | €408,901 | €381,058 | ▼ 6.8% |
| Plant, machinery and equipment23 | - | €33,870 | €38,163 | €23,091 | €21,445 | ▼ 7.1% |
| Furniture and vehicles24 | - | €798 | €531 | €265 | - | - |
| Current assets29/58 | €84,468 | €133,037 | €51,213 | €106,171 | €214,166 | ▲ 102% |
| Amounts receivable within one year40/41 | €13,462 | €35,362 | €362 | - | - | - |
| Other amounts receivable41 | - | €35,362 | €362 | - | - | - |
| Cash at bank and in hand54/58 | €71,006 | €93,822 | €43,638 | €95,177 | €206,237 | ▲ 117% |
| Deferred charges and accrued income490/1 | - | €3,853 | €7,213 | €10,994 | €7,929 | ▼ 27.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €259,072 | €272,669 | €515,276 | €538,428 | €616,669 | ▲ 14.5% |
| Equity10/15 | €94,952 | €141,662 | €134,337 | €167,904 | €238,369 | ▲ 42.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €40,537 | €30,624 | €27,645 | €24,789 | €66,530 | ▲ 168% |
| Non-distributable reserves130/1 | - | €264 | €264 | €4,264 | €6,150 | ▲ 44.2% |
| Legal reserve130 | - | €264 | €264 | €4,264 | €6,150 | ▲ 44.2% |
| Tax-exempt reserves132 | - | €30,360 | €27,381 | €20,525 | €10,380 | ▼ 49.4% |
| Distributable reserves133 | - | - | - | - | €50,000 | - |
| Profit (loss) carried forward14 | -€7,085 | €49,538 | €45,192 | €81,615 | €110,339 | ▲ 35.2% |
| Provisions and deferred taxes16 | €13,408 | €9,359 | €4,691 | €1,890 | €2,395 | ▲ 26.7% |
| Deferred taxes168 | - | €9,359 | €4,691 | €1,890 | €2,395 | ▲ 26.7% |
| Amounts payable17/49 | €150,712 | €121,648 | €376,248 | €368,634 | €375,905 | ▲ 2.0% |
| Amounts payable after more than one year17 | - | - | €246,912 | €229,351 | €211,582 | ▼ 7.7% |
| Financial debts170/4 | - | - | €246,912 | €229,351 | €211,582 | ▼ 7.7% |
| Amounts payable within one year42/48 | €150,712 | €121,648 | €129,336 | €139,283 | €164,323 | ▲ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €14,620 | €29,846 | €30,619 | €37,017 | ▲ 20.9% |
| Trade debts44 | €523 | €434 | €5,188 | €3,216 | €8,833 | ▲ 175% |
| Suppliers440/4 | - | €434 | €5,188 | €3,216 | €8,833 | ▲ 175% |
| Taxes, remuneration and social security45 | - | €4,636 | €4,636 | €19,846 | €26,534 | ▲ 33.7% |
| Taxes450/3 | - | €4,636 | €4,636 | €13,846 | €20,534 | ▲ 48.3% |
| Remuneration and social security454/9 | - | - | - | €6,000 | €6,000 | = |
| Other amounts payable47/48 | - | €101,958 | €89,666 | €85,602 | €91,939 | ▲ 7.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €420,985 | €46,710 | -€9,491 | €33,566 | €73,767 | ▲ 120% |
| + Depreciation and write-downs630 | €83,327 | €38,642 | €48,906 | €42,923 | €35,478 | ▼ 17.3% |
| Operating cash flow (approximation) | €504,312 | €85,352 | €39,415 | €76,489 | €109,245 | ▲ 42.8% |
| Investment in fixed assets (approximation) | - | -€3,670 | -€373,337 | -€11,117 | -€5,724 | ▲ 48.5% |
| Change in cash | - | €22,816 | -€50,184 | €51,539 | €111,060 | ▲ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Equity above €200,000Eq €238,369 ▲42%
2 profitable years in a row build equity to €238,369.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Back to profitnet €33,566
Net result €33,566 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €167,904 ▲25%
Equity rises from €134,337 to €167,904.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Equity above €100,000Eq €141,662 ▲49.2%
2 profitable years in a row build equity to €141,662.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €420,985
Net result €420,985 after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
Show earlier events
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Etterbeek · 1 establishment unit since 1983
Ground area
471 m²
Building footprint
390 m²
Volume, LiDAR
5,208 m³
2 parcels, Brussels · tallest building 23.3 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
RICQ
since 19832.023.456.028
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0564/00Z005 | Brussels | 318 m² | 1 · 318 m² | 23.3 m · 6 fl. |
| 21684B0012/00A004 | Brussels | 153 m² | 1 · 72 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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OLD STATION
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 4,324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424925920
Registered
20-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.