Equity
€827,225 ▲ 5.1%
UTIL ROYAL has made a profit without a break since 2021.
UTIL ROYAL
Lifetime
18 annual accounts with figures on one time axispeak €1.3m (2021)
€1.1m▲ 10.7%
lowest -€58,173 (2020)
€39,882▲ 12×
peak €921,228 (2023)
€827,225▲ 5.1%
€1.6m▲ 23.6%
peak 17.5 FTE (2020)
11.7 FTE▲ 4.5%
Board6 names since 2007
5 directorsFRANS BOUWER and 4 others
Documentsfilings and deeds
13-08-202613 days late
2025abbreviated format
Result from €3,335 to €39,882Debts from €1.3m to €1.6mInvestments €535,380Cash from €261,925 to €600,215
Key points
from the 2025 annual accountsTurnover
≈ €2.0m estimated
The abbreviated format states no turnover.
Investments
€535,380 4.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 45.0% higher than in 2024.
Staff
11.7 FTE from 17.5 in 2020
Between 2020 and 2025, 33% of the full-time equivalents disappeared.
Filings
18 annual accounts since 2008
Three of the last ten came late. The 2022 accounts came latest: 29 days after the end of the period.
Position in the sector
€827,225
More equity than 81% of companies in architecture and engineering. Sector median €194,129 · 2,568 companies.
Checked score
95
Excellent
Financially stronger than 57% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: 11.7 FTE, total assets €2.4m
lowers risk
Liquidity: current ratio 1.83, cash €600,215
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Figures for financial year 2025 (filed on 14-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 41% of them on solvency, 83% on liquidity, 51% on profitability and 53% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as UTIL ROYAL has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of UTIL ROYAL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for UTIL ROYAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.83 (1.57 in 2024), above the usual 1.5. Short-term debt is 23.7% and cash 25.1% of total assets. However, 65.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
11 days late
2023
on the day
2022
29 days late
2021
38 days early
2020
44 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from UTIL to UTIL ROYAL
Resignations: FRANS BOUWER (director) and OUTIL (director) · Appointments: LEENAERTS Frans (director) and VANSTEENWEGEN Rolf (director) · “A) het ontwikkelen en uitvoeren van ingenieursstudies en technologische procedés met betrekking tot de…” (deed in Dutch) · Gazette deed
3 directors appointed
FRANS BOUWER, OUTIL and Pieter OCHELEN · Permanent representatives: Frans LEENAERTS and Rolf VANSTEENWEGEN · Legal-form conversion: from cooperative company to private limited company · Gazette deed
Resignation: Van De Voorde Filip (director)
General meeting of 22-01-2021 · Gazette deed
Appointment: Pieter Ochelen (director)
General meeting of 10-01-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| UTIL ROYAL Schaerbeek | - | - | 34.6% | 11.7 |
| ENGIPLAST Lokeren | - | - | 84.6% | 11.6 |
| AKRO NOVA MULTIPROFESSIONELE ARCHITECTENVENNOOTSCHAP Oudenaarde | - | - | 62.5% | 9.6 |
| CANEVAS architecture et ingénierie Liège | €3.4m | 0.9% | 1.6% | 11.2 |
| Archilogic Architecten Hasselt | €3.3m | 10.1% | 37.5% | 12.4 |
| GC-Architecten Tielt | - | - | 48.2% | 13 |
| B SOLUTIONS ARCHITECTES Gembloux | - | - | 30.3% | 14.3 |
These companies have the same main activity as UTIL ROYAL: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €2.1m and €3.1m, founded between 2004 and 2010.
Official details
Source: KBO- Status
- Active since 24-04-2007Normal situation
- Activity
- Activities of building architectsNACE 71111and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.162.774.0591030 Schaerbeek, since 04-06-2007
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €2.4m▲ 16.5%
- Employeeson 31-12-2025
- 12▲ 9.1%
- Filing
- Filed on 13-08-2026
Insights on UTIL ROYAL
UTIL ROYAL files the abbreviated format. That format states no turnover. The gross margin rose from €61,835 in 2008 to €1.1m in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about UTIL ROYAL
- What is the company number of UTIL ROYAL?
- The company number of UTIL ROYAL is 0888.983.026. The VAT number is the same number with BE in front: BE 0888.983.026.
- Where is UTIL ROYAL based?
- The registered office is at Koningsstraat 269, 1030 Schaerbeek.Company details
- What does UTIL ROYAL do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of UTIL ROYAL?
- UTIL ROYAL is a private limited company (BV).
- When was UTIL ROYAL founded?
- UTIL ROYAL was founded on 24-04-2007.
- Is UTIL ROYAL still active?
- Yes, UTIL ROYAL is an active enterprise in the KBO register.
- How many employees does UTIL ROYAL have?
- UTIL ROYAL had an average of 11.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does UTIL ROYAL fall under?
- In its 2023 annual accounts, UTIL ROYAL states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of UTIL ROYAL?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.3m and €3.2m. It is a rough estimate.
- Is UTIL ROYAL profitable?
- In financial year 2025, UTIL ROYAL made a profit of €39,882.
- Where can I find the annual accounts of UTIL ROYAL?
- UTIL ROYAL filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of UTIL ROYAL due?
- UTIL ROYAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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