UTT MOTORBIKES BRUSSELS
InactiveUTT MOTORBIKES BRUSSELS was declared bankrupt on 29-03-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 22-10-2024, published in the Belgian State Gazette on 29-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-01-2024, 179 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
179 d late
2021
148 d late
2020
129 d late
2019
132 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€45k▲ 44.4%
2021 · €31k
2018: €13k
2019: €17k
2020: €20k
2021: €31k
2018 → 2022
Total assets
€137k▼ 7.9%
2021 · €149k
2018: €74k
2019: €96k
2020: €93k
2021: €149k
2018 → 2022
Net result
€14k▲ 27.3%
2021 · €11k
2018: €-969
2019: €4k
2020: €3k
2021: €11k
2018 → 2022
Working capital
€37k▲ 102%
2021 · €18k
2018: €31k
2019: €28k
2020: €31k
2021: €18k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€13k-€17k▲ 26.3%€20k▲ 19.5%€31k▲ 53.6%€45k▲ 44.4%
Operating result€412-€5k▲ 1,228%€4k▼ 18.3%€13k▲ 192%€18k▲ 38.7%
Net result€-969-€4k€3k▼ 6.2%€11k▲ 228%€14k▲ 27.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 39% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €137k
Fixed assets
€19k ▼ 20.8%
Current assets
€118k ▼ 5.5%
Equity and liabilities €137k
Equity
€45k ▲ 44.4%
Debt
€92k ▼ 21.9%
Debt's share of the balance-sheet total falls from 79.0% to 67.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2021 · €15k
Cash flow
€19k▲
2021 · €13k
Current ratio
1.46▲
2021 · 1.17
Quick ratio
0.57▲
2021 · 0.20
Debt to equity
2.04▼
2021 · 3.76
ROE
30.8%▼
2021 · 34.9%
ROA
10.1%▲
2021 · 7.3%
Interest coverage
39.53▲
2021 · 13.83
Debt ≤ 1 year
€81k▼
2021 · €107k
Debt > 1 year
€11k=
2021 · €11k
Income taxes
€4k▲
2021 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 39 lines
Balance sheet
Code20212022
Assets
Total assets20/58€149k€137k▼
Fixed assets21/28€24k€19k▼
Tangible fixed assets22/27€23k€18k▼
Furniture and vehicles24€23k€18k▼
Financial fixed assets28€1k€1k=
Current assets29/58€125k€118k▼
Stocks and contracts in progress3€104k€72k▼
Stocks30/36€104k€72k▼
Amounts receivable within one year40/41€21k€46k▲
Other amounts receivable41€21k€46k▲
Cash at bank and in hand54/58€44€25▼
Equity and liabilities
Total equity and liabilities10/49€149k€137k▼
Equity10/15€31k€45k▲
Contributions10/11€7k€7k=
Reserves13€841€841=
Non-distributable reserves130/1€841€841=
Reserves not available under the articles1311€841€841=
Profit (loss) carried forward14€23k€37k▲
Amounts payable17/49€117k€92k▼
Amounts payable after more than one year17€11k€11k=
Financial debts170/4€11k€11k=
Amounts payable within one year42/48€107k€81k▼
Current portion of amounts payable after more than one year42€7k€6k▼
Trade debts44€90k€55k▼
Suppliers440/4€90k€55k▼
Taxes, remuneration and social security45€10k€20k▲
Taxes450/3€10k€20k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€574€287▼
Gross operating margin9900€16k€23k▲
Operating profit (loss)9901€13k€18k▲
Financial charges65/66B€1k€582▼
Recurring financial charges65€1k€582▼
Profit (loss) for the period before taxes9903€12k€18k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€11k€14k▲
Profit (loss) for the period to be appropriated9905€11k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€37k▲
Profit (loss) brought forward from the previous period14P€12k€23k▲
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
2024
29-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · UTT MOTORBIKES BRUSSELS SRL RUE DE SOIGNIES 4, 1000 BRUXELLES. déclarée le 29 mars 2024 · event 22-10-2024
08-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · UTT MOTORBIKES BRUSSELS SRL RUE DE SOIGNIES 4, 1000 BRUXELLES · event 29-03-2024
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 179 days late
2022
31-12
Financial
Highest result since 2018net €14k ▲27.3%
Operating result €18k, net result €14k, both a record.
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 148 days late
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 129 days late
09-02
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · UTT MOTORBIKES BRUSSELS SPRL RUE DE SOIGNIES 4, 1000 BRUXELLES 1. déclarée le 19 octobre 2020 · event 02-02-2021
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 219 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 120 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
07-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 7 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
29-03-2024 → 22-10-2024 |