UTRADE
Open bankruptcyA bankruptcy procedure is open for UTRADE according to publications in the Belgian State Gazette; curator: JEAN-MICHEL DERICK.
Summary
The 2024 annual accounts show equity of €11k and a net result of €-40k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 5894 sector peers (2024).
NBB · sector comparisonPosition among 5894 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
97 d late
2022
88 d late
2021
15 d late
2019
68 d late
2018
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€351k▲ 49.5%
2022 · €235k
2018: €212k
2019: €236k
2022: €235k
2018 → 2023
EBIT margin
7.1%▼ 1.9pp
2022 · 9.0%
2018: 6.1%
2019: 6.7%
2022: 9.0%
2018 → 2023
Net result
€-40k
2023 · €25k
2018: €14k
2019: €16k
2021: €17k
2022: €-3k
2023: €25k
2018 → 2024
Working capital
€11k▼ 76.9%
2023 · €46k
2018: €-131
2019: €16k
2021: €25k
2022: €21k
2023: €46k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Turnover€236k-€235k€351k▲ 49.5%
Equity€16k-€29k▲ 79.0%€26k▼ 9.2%€51k▲ 92.8%€11k▼ 77.7%
Operating result€16k-€23k▲ 46.3%€21k▼ 8.5%€25k▲ 17.2%€-15k
Net result€16k-€17k▲ 7.9%€-3k€25k€-40k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15k after €25k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€854 ▼ 84.0%
Current assets
€88k ▲ 1.6%
Equity and liabilities €89k
Equity
€11k ▼ 77.7%
Debt
€77k ▲ 89.6%
The debt ratio rises from 44.4% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2023 · €26k
Cash flow
€-39k▼
2023 · €26k
Current ratio
1.14▼
2023 · 2.12
Debt / equity
6.77▲
2023 · 0.80
ROE
-347.7%▼
2023 · 48.1%
ROA
-44.7%▼
2023 · 26.8%
Interest coverage
-43.51▼
2023 · 105.56
Debt ≤ 1 year
€77k▲
2023 · €41k
Income taxes
€24k
Staff costs
€135k▲
2023 · €112k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€92k€89k▼
Fixed assets21/28€5k€854▼
Tangible fixed assets22/27€4k-
Plant, machinery and equipment23€616-
Furniture and vehicles24€4k-
Financial fixed assets28€854€854=
Current assets29/58€86k€88k▲
Amounts receivable within one year40/41€70k€87k▲
Trade receivables40€21k€38k▲
Other amounts receivable41€49k€49k▲
Cash at bank and in hand54/58€11k€809▼
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€92k€89k▼
Equity10/15€51k€11k▼
Contributions10/11€100€100=
Profit (loss) carried forward14€51k€11k▼
Amounts payable17/49€41k€77k▲
Amounts payable within one year42/48€41k€77k▲
Trade debts44€18k€46k▲
Suppliers440/4€18k€46k▲
Taxes, remuneration and social security45€23k€24k▲
Taxes450/3€23k€22k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48-€7k
Income statement
Code20232024
Turnover70€351k-
Goods, raw materials, services and sundry goods60/61€211k-
Remuneration, social security and pensions62€112k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€2k€387▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€140k€125k▼
Operating profit (loss)9901€25k€-15k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€247€322▲
Recurring financial charges65€247€322▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€25k€-15k▼
Income taxes67/77-€24k
Profit (loss) for the period9904€25k€-40k▼
Profit (loss) for the period to be appropriated9905€25k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€11k▼
Profit (loss) brought forward from the previous period14P€26k€51k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL UTRADE AVENUE LOUISE 251, 1050 IXELLES · event 13-10-2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-40k ▼261%
Net result drops to €-40k, the lowest in the series.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 68 days late
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 119 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 121 days late
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 39 days late
2015
31-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 153 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2012
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.
Louizalaan 2511050 BrusselGround area
1,574 m²
Building footprint
1,579 m²
Volume, LiDAR
46,471 m³
Parcel 21807G0135/00T003, Brussels · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 251, 1050 Brussel
since 20122.269.009.152
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 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 | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
13-10-2025 → present |
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Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 1,514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
49410Freight transport by road
81210General cleaning of buildings
81230Other cleaning activities
82100Office administrative and support services
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.