Equity
€7.9m ▲ 52.2%
Equity rose in 2025: capital increase.
Utiq
Lifetime
3 annual accounts with figures on one time axispeak -€4.8m (2023)
-€9.6m▼ €703,389
lowest -€12.3m (2025)
-€12.3m▼ €1.4m
peak €8.0m (2023)
€7.9m▲ 52.2%
€2.8m▼ 68.6%
peak 3.5 FTE (2025)
3.5 FTE▲ 16.7%
Board18 names since 2023all names
4 directors and 3 others
Owners
25%
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Loss of €12.3mStaff from 3 FTE to 3.5 FTECapital increase · Amendment of the articles 30-09New member of the management board 09-07Capital increase of €15,000,000 to €37,000,000 27-01Equity from €5.2m to €7.9m
Key points
from the 2025 annual accountsLosses
-€29.1m in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Staff
4 employees on 31-12-2025
In 2025, 2 people joined and 1 left.
Liquidity
2.45 was 0.36 in 2024
Short-term debts fell from €8.7m to €2.4m.
At the same address
124 companies
Position in the sector
-€12.3m
Lower net result than 95% of companies in advertising and market research. Sector median €22,751 · 1,964 companies.
2025 accounts filed 27 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,224 companies had the same profile as Utiq has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,224 companies, not a prediction for Utiq. 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
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Signals
Board and ownership
Daily manager
Director, since 03-03-2023
Director, since 03-03-2023
Director, since 03-03-2023
- 25%equity €22.70bn (2025) · 2025 annual accounts of
Shares in 5 companies, including and
Board & ownershipRecent changes
Capital increase
General meeting of 12-03-2026 · Gazette deed
Capital increase of €8,000,000 to €45,000,000
Capital from €37,000,000 to €45,000,000, 800,000 new shares · Resignation: (observateur au conseil de surveillance) · Appointment: (observateur au conseil de surveillance) · General meeting of 04-02-2026 · Gazette deed
Capital increase · Amendment of the articles
Capital of €37,000,000, 3,700,000 shares · General meeting of 19-09-2025 · Gazette deed
New member of the management board
appointed, resigned · Board meeting of 23-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Utiq Brussels | €10.7m | -€9.6m | 73.5% | 3.5 |
| Citizens Holding Ghent | €14.6m | -€0.06m | 39.3% | - |
| ELTO BELUX Brussels | €2.1m | -€0.03m | -14.8% | 3.8 |
| Direct Operations Anderlecht | €16.4m | - | 17.4% | 5.9 |
| HUNTERTAINMENT Anderlecht | €2.2m | -€0.07m | -14.7% | - |
| JACOBS PRINTING Bruges | €2.6m | €0.006m | 6.8% | 7.1 |
| BRAXX INVEST Kontich | €7.5m | -€0.3m | 85.2% | 1 |
These companies have the same main activity as Utiq: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €2.1m and €16m, founded between 2007 and 2023.
Official details
Source: KBO- Status
- Active since 03-03-2023Normal situation
- Registered office
- 125 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Advertising agenciesNACE 73110and 1 other
- Establishment unit
- 2.342.658.4801000 Brussels, since 03-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2024
Annual accounts 2025
- €10.7m▼ 24.8%
- Employeeson 31-12-2025
- 4▲ 33.3%
- Filing
- Filed on 27-08-2026
Insights on Utiq
Utiq files the abbreviated format. That format states no turnover. The gross margin fell from -€4.8m in 2023 to -€9.6m in 2025.
In January 2024, the Official Gazette published the appointment of as managing director.
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 Utiq
- What is the company number of Utiq?
- The company number of Utiq is 0799.155.284. The VAT number is the same number with BE in front: BE 0799.155.284.
- Where is Utiq based?
- The registered office is at Wolstraat 70, 1000 Brussels.Company details
- What does Utiq do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of Utiq?
- Utiq is a public limited company (NV).
- When was Utiq founded?
- Utiq was founded on 03-03-2023.
- Is Utiq still active?
- Yes, Utiq is an active enterprise in the KBO register.
- How many employees does Utiq have?
- Utiq had an average of 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Utiq?
- The annual accounts for financial year 2025 state no turnover.
- Is Utiq profitable?
- In financial year 2025, Utiq made a loss of €12.3m.
- Where can I find the annual accounts of Utiq?
- Utiq filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Utiq due?
- Utiq must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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