UTILL
ActiveSummary
UTILL has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,486 and a net result of €48,121. Its solvency ranks better than 24% of 96 sector peers (NACE 29, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 2.4 FTE
- Equity
- €65,486
- Profit
- €48,121
- Largest shareholder
- CHAPISTE Property, Investment and Management Company · 25.03%
- CHAPISTE Property, Investment and Management CompanyDirector · permanent representative PIRON Bernard Louis Marie Léon Armand
- PAP INVESTMENT & MANAGEMENT COMPANY SPRLDirector · permanent representative PIRON Pierre-Alexandre Jean Geneviève
- KOMVU INVESTDirector · permanent representative Schils Quentin
Why 88raises risk1 change of registered office in 24 monthsFounded in 2023lowers riskLiquidity: current ratio 3.66, cash €81,315Sector: Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 29, micro): better than 30% on solvency, 76% on liquidity, 81% on profitability and 98% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 31 days before the deadline; the sector median (NACE 29) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Schils Quentin (director)Appointment: KOMVU INVEST SRL (director)…
Financials · financial year 2025, abbreviated format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €63,132 after a loss of €12,162 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €78,223 | €113,386 | ▲ 45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,204 | €14,459 | ▼ 4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €8,013 | - |
| Other operating charges640/8 | €1,027 | €527 | ▼ 48.7% |
| Gross operating margin9900 | €82,292 | €199,517 | ▲ 142% |
| Operating profit (loss)9901 | -€12,162 | €63,132 | - |
| Financial income75/76B | €401 | €198 | ▼ 50.7% |
| Recurring financial income75 | €401 | €198 | ▼ 50.7% |
| Financial charges65/66B | €874 | €4,981 | ▲ 470% |
| Recurring financial charges65 | €874 | €4,981 | ▲ 470% |
| Profit (loss) for the period before taxes9903 | -€12,635 | €58,348 | - |
| Income taxes67/77 | - | €10,227 | - |
| Profit (loss) for the period9904 | -€12,635 | €48,121 | - |
| Profit (loss) for the period to be appropriated9905 | -€12,635 | €48,121 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €250,677 | €316,575 | ▲ 26.3% |
| Formation expenses20 | €1,066 | €353 | ▼ 66.8% |
| Fixed assets21/28 | €46,018 | €37,594 | ▼ 18.3% |
| Intangible fixed assets21 | €22,794 | €19,654 | ▼ 13.8% |
| Tangible fixed assets22/27 | €23,225 | €17,941 | ▼ 22.8% |
| Plant, machinery and equipment23 | €10,315 | €11,182 | ▲ 8.4% |
| Furniture and vehicles24 | €8,078 | €2,893 | ▼ 64.2% |
| Other tangible fixed assets26 | €4,832 | €3,865 | ▼ 20.0% |
| Current assets29/58 | €203,593 | €278,627 | ▲ 36.9% |
| Stocks and contracts in progress3 | €84,581 | €133,825 | ▲ 58.2% |
| Stocks30/36 | €81,381 | €131,825 | ▲ 62.0% |
| Contracts in progress37 | €3,200 | €2,000 | ▼ 37.5% |
| Amounts receivable within one year40/41 | €29,412 | €59,897 | ▲ 104% |
| Trade receivables40 | €29,412 | €59,873 | ▲ 104% |
| Other amounts receivable41 | - | €24 | - |
| Cash at bank and in hand54/58 | €86,159 | €81,315 | ▼ 5.6% |
| Deferred charges and accrued income490/1 | €3,442 | €3,590 | ▲ 4.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €250,677 | €316,575 | ▲ 26.3% |
| Equity10/15 | €17,365 | €65,486 | ▲ 277% |
| Contributions10/11 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€12,635 | €35,486 | - |
| Amounts payable17/49 | €233,313 | €251,089 | ▲ 7.6% |
| Amounts payable after more than one year17 | €170,249 | €175,056 | ▲ 2.8% |
| Other amounts payable178/9 | €170,249 | €175,056 | ▲ 2.8% |
| Amounts payable within one year42/48 | €62,886 | €76,032 | ▲ 20.9% |
| Trade debts44 | €34,871 | €32,848 | ▼ 5.8% |
| Suppliers440/4 | €34,871 | €32,848 | ▼ 5.8% |
| Taxes, remuneration and social security45 | €28,015 | €43,184 | ▲ 54.1% |
| Taxes450/3 | €21,723 | €32,256 | ▲ 48.5% |
| Remuneration and social security454/9 | €6,292 | €10,928 | ▲ 73.7% |
| Accrued charges and deferred income492/3 | €177 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€12,635 | €48,121 | - |
| + Depreciation and write-downs630 | €15,204 | €14,459 | ▼ 4.9% |
| Operating cash flow (approximation) | €2,569 | €62,581 | ▲ 24× |
| Investment in fixed assets (approximation) | - | -€6,036 | - |
| Change in cash | - | -€4,843 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00223227 |
| 31-12-2024 | full format | 30-06-2025 | 2025-00198176 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 3
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CHAPISTE Property, Investment and Management Company |
|
| PAP INVESTMENT & MANAGEMENT COMPANY SPRL |
|
| KOMVU INVEST |
|
| SCHILS Quentin Thomas Marie |
|
Owners and capital
Owners
2 ownersOwners 2
- 25.03%
- 25.03%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- SCHILS Quentin Thomas Marie 1,498 shares (49.9%)
- CHAPISTE Property,Investment and Management Company (BE 0826.745.153) 751 shares (25%)
- PAP INVESTMENT & MANAGEMENT COMPANY SPRL (BE 0668.440.856) 751 shares (25%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 12-06-2023 Incorporation · €30,000 · 3,000 shares
Group and network
Connections & network
8 connected companiesShow 4 more companies with a shared director
History
UTILL was incorporated on 8 June 2023 as a private limited company by CHAPISTE Property,Investment and Management Company, PAP INVESTMENT & MANAGEMENT COMPANY SPRL and one natural person, with a starting capital of €30,000.12 The registered office was moved to Herve in 2026.3 The board currently has 3 members; 2 of them have served since 2023.2
Acts, filings and financial milestones
04-09
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 20-07-2026
- Registered-office move, Cour Lemaire 14, 4651 Herve
13-02
Gazette deed
Resignation: Schils Quentin (director)Appointment: KOMVU INVEST SRL (director) · Permanent representative: Schils Quentin4 facts ▸
- General meeting, 01-01-2026
- Director resignation, Schils Quentin (director)
- Director appointment, KOMVU INVEST SRL (director)
- Permanent representative, Schils Quentin
12-06
Gazette deed
IncorporationAppointments: SCHILS Quentin Thomas Marie, CHAPISTE Property,Investment and Management Company and PAP INVESTMENT & MANAGEMENT COMPANY SPRL · Permanent representatives: PIRON Bernard Louis Marie Léon Armand and PIRON Pierre-Alexandre Jean Geneviève · Founder23 facts ▸
- Founder, SCHILS Quentin Thomas Marie
- Founder, CHAPISTE Property,Investment and Management Company
- Founder, PAP INVESTMENT & MANAGEMENT COMPANY SPRL
- Other provision, “administrateur, représentation société comparante” (deed in French) (2 times)
- Incorporation, 07-06-2023
- Founding capital, €30,000
- Other provision, 31-05-2023
- Other provision, “avertissement responsabilité fondateurs, capitaux propres de départ manifestement insuffisants pour mener l’activité projetée” (deed in French)
- Other provision, “B.-STATUTS, arrêt des statuts” (deed in French)
- Capital
- Other provision, “prise effet dispositions finales, comparant à l'unanimité” (deed in French)
- Other provision, “premier exercice et première assemblée”, 31-12-2024 (deed in French)
- +11 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63006D0352/00C000 | Wallonia | 2,874 m² | 1 · 670 m² | 6.2 m · 2 |
| 63017C0492/00P000 ProtectedSite or landscapeEnsemble formé par la Place communale de Clermont-sur-Berwinne, Place de la HalleSource ↗ |
Wallonia | 265 m² | 1 · 145 m² | 14.2 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- UTILL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Pour autant que pas de changement de régime linguistique, Région wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, Article 10.Organe d'administration” (deed in French)“Article 12.Rémunération des administrateurs, portée aux frais généraux,indépendamment des frais éventuels de représentation,voyages et…” (deed in French)deed of 12-06-2023
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 04-09-2026
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs,proportionnellement au nombre d'actions acquises s'ils sont plusieurs…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 20:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications statuts, dissolution à tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed