UTILIX PROJECTS
Open bankruptcyA bankruptcy procedure is open for UTILIX PROJECTS according to publications in the Belgian State Gazette; curator: BENNY GOOSSENS. The 2022 annual accounts show equity of €117k and a net result of €78k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, micro schema
Equity
€117k▲ 197%
2021 · €40k
2020: €5k
2021: €40k
2020 → 2022
Total assets
€489k▲ 549%
2021 · €75k
2020: €25k
2021: €75k
2020 → 2022
Net result
€78k▲ 127%
2021 · €34k
2020: €8k
2021: €34k
2020 → 2022
Working capital
€124k▲ 225%
2021 · €38k
2020: €3k
2021: €38k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€5k-€40k▲ 648%€117k▲ 197%
Operating result€12k-€47k▲ 292%€176k▲ 277%
Net result€8k-€34k▲ 313%€78k▲ 127%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2022 is 277% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €489k
Fixed assets
€32k▲ 2,367%
Current assets
€457k▲ 518%
Equity and liabilities €489k
Equity
€117k▲ 197%
Debt
€372k▲ 939%
The debt ratio rises from 47.5% to 76.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€179k▲
2021 · €48k
Cash flow
€80k▲
2021 · €35k
Solvency
24.0%▼
2021 · 52.5%
Current ratio
1.37▼
2021 · 2.07
Quick ratio
1.37▼
2021 · 2.07
Debt / equity
3.17▲
2021 · 0.90
ROE
66.3%▼
2021 · 86.6%
ROA
15.9%▼
2021 · 45.5%
Interest coverage
2.26▼
2021 · 72.87
Debt
€372k▲
2021 · €36k
Debt ≤ 1 year
€333k▲
2021 · €36k
Debt > 1 year
€39k
Income taxes
€24k▲
2021 · €13k
Staff costs
€74k▲
2021 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€75k€489k▲
Formation expenses20€0-
Fixed assets21/28€1k€32k▲
Tangible fixed assets22/27€1k€32k▲
Plant, machinery and equipment23-€15k
Furniture and vehicles24€1k€17k▲
Current assets29/58€74k€457k▲
Amounts receivable after more than one year29€26k€84k▲
Trade receivables290€26k€84k▲
Amounts receivable within one year40/41€40k€173k▲
Trade receivables40€30k€112k▲
Other amounts receivable41€10k€60k▲
Cash at bank and in hand54/58€5k€190k▲
Deferred charges and accrued income490/1€3k€10k▲
Equity and liabilities
Total equity and liabilities10/49€75k€489k▲
Equity10/15€40k€117k▲
Contributions10/11€3k€3k=
Reserves13€37k€114k▲
Distributable reserves133€37k€114k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€36k€372k▲
Amounts payable after more than one year17-€39k
Financial debts170/4-€39k
Amounts payable within one year42/48€36k€333k▲
Current portion of amounts payable after more than one year42-€24k
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€7k€247k▲
Suppliers440/4€7k€247k▲
Taxes, remuneration and social security45€29k€57k▲
Taxes450/3€29k€45k▲
Remuneration and social security454/9€3€11k▲
Other amounts payable47/48€0-
Income statement
Code20212022
Remuneration, social security and pensions62€0€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€970€2k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€53k€256k▲
Operating profit (loss)9901€47k€176k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€656€79k▲
Recurring financial charges65€656€79k▲
Profit (loss) for the period before taxes9903€47k€102k▲
Income taxes67/77€13k€24k▲
Profit (loss) for the period9904€34k€78k▲
Profit (loss) for the period to be appropriated9905€34k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€78k▲
Transfer to equity691/2€34k€78k▲
To contributions691€0-
To other reserves6921€34k€78k▲
Profit to be distributed694/7€0-
Other beneficiaries697€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
20-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · UTILIX PROJECTS BV ROOI- GEMLAAN 532, 9000 GENT · event 14-11-2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Highest result since 2020net €78k ▲127%
Operating result €176k, net result €78k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲197%
3 profitable years in a row build equity to €117k.
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
SignalFinancial 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, Gent · 1 establishment unit since 2020
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.
Rooigemlaan 5329000 GentGround area
1,046 m²
Building footprint
797 m²
Volume, LiDAR
9,335 m³
Parcel 44816K0535/00G009, Flanders · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
UTILIX PROJECTS
since 20202.306.002.675
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0535/00G009 | Flanders | 1,046 m² | 1 · 797 m² | 15.4 m · 5 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
14-11-2023 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 374 EUR awarded · 374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 374 EUR | 374 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,494. 2,304 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-07-2020
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
43120Site preparation
49410Freight transport by road
52250Logistics services
52290Warehousing and support activities for transportation
56101Full-service restaurants
56111Full-service restaurants
77110Renting and leasing of cars and light motor vehicles
77320Rental and leasing activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.