UTOPIA
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 131 days after the deadline Filed on 8 September 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00509811.
Annual accounts 2025 filed on 08-09-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,833, smaller than the loss of €26,742 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €2,628 | - |
| Remuneration, social security and pensions62 | €1,511 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,119 | - | - |
| Other operating charges640/8 | €100 | €118 | ▲ 18.0% |
| Gross operating margin9900 | -€24,012 | -€2,715 | ▲ 88.7% |
| Operating profit (loss)9901 | -€26,742 | -€2,833 | ▲ 89.4% |
| Financial charges65/66B | €33 | -€44 | - |
| Recurring financial charges65 | €33 | -€44 | - |
| Profit (loss) for the period before taxes9903 | -€26,776 | -€2,789 | ▲ 89.6% |
| Profit (loss) for the period9904 | -€26,776 | -€2,789 | ▲ 89.6% |
| Profit (loss) for the period to be appropriated9905 | -€26,776 | -€2,789 | ▲ 89.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1,550 | €1,026 | ▼ 33.8% |
| Formation expenses20 | €967 | - | - |
| Current assets29/58 | €582 | €1,026 | ▲ 76.2% |
| Amounts receivable within one year40/41 | €419 | - | - |
| Other amounts receivable41 | €419 | - | - |
| Cash at bank and in hand54/58 | €54 | €234 | ▲ 330% |
| Deferred charges and accrued income490/1 | €109 | €792 | ▲ 624% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1,550 | €1,026 | ▼ 33.8% |
| Equity10/15 | -€11,776 | -€14,565 | ▼ 23.7% |
| Contributions10/11 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€26,776 | -€29,565 | ▼ 10.4% |
| Amounts payable17/49 | €13,325 | €15,591 | ▲ 17.0% |
| Amounts payable within one year42/48 | €13,325 | €14,172 | ▲ 6.4% |
| Trade debts44 | - | €846 | - |
| Suppliers440/4 | - | €846 | - |
| Other amounts payable47/48 | €13,325 | €13,325 | = |
| Accrued charges and deferred income492/3 | - | €1,419 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€26,776 | -€2,789 | ▲ 89.6% |
| + Depreciation and write-downs630 | €1,119 | - | - |
| Operating cash flow (approximation) | -€25,656 | -€2,789 | ▲ 89.1% |
| Change in cash | - | €180 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as UTOPIA has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of UTOPIA itself: 5.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for UTOPIA. 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.