2UPGRADE
ActiveSummary
The computed 12-month bankruptcy probability of 2UPGRADE is 1.9% (moderate). The 2025 annual accounts show equity of €3,269 and a net result of €12,479. Equity is shrinking by ~42.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 22% of 10485 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency37▲+36
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10485 sector peers (2025).
NBB · sector comparisonPosition among 10485 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
22 d early
2023
55 d late
2022
60 d late
2021
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,479
2024 · -€25,614
Working capital
€2,804
2024 · -€14,971
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,995-€13,756▼ 31.2%-€6,825-€21,454▼ 214%€20,710
Net result€15,163within the sector's middle half-€8,545within the sector's middle half▼ 43.6%-€9,305below the sector's middle half-€25,614below the sector's middle half▼ 175%€12,479within the sector's middle half
Equity€17,163within the sector's middle half-€25,709below the sector's middle half▲ 49.8%€16,403below the sector's middle half▼ 36.2%-€9,211below the sector's middle half€3,269below the sector's middle half
Total assets€56,851below the sector's middle half-€71,842below the sector's middle half▲ 26.4%€79,291below the sector's middle half▲ 10.4%€38,029below the sector's middle half▼ 52.0%€27,902below the sector's middle half▼ 26.6%
Debt€39,687-€46,133▲ 16.2%€62,887▲ 36.3%€47,240▼ 24.9%€24,634▼ 47.9%
Working capital€21,631-€22,745▲ 5.2%€10,662▼ 53.1%-€14,971€2,804
Solvency30.2%within the sector's middle half-35.8%within the sector's middle half▲ 5.6pp20.7%within the sector's middle half▼ 15.1pp-24.2%below the sector's middle half▼ 44.9pp11.7%below the sector's middle half▲ 35.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20,710 after a loss of €21,454 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,902
Fixed assets
€464 ▼ 91.9%
Current assets
€27,438 ▼ 15.0%
Equity and liabilities €27,902
Equity
€3,269
Debt
€24,634
Debt finances 88.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€22,157▲
2024 · -€19,388
Cash flow
€13,925▲
2024 · -€23,549
Current ratio
1.11▲
2024 · 0.68
Quick ratio
0.92▲
2024 · 0.54
Debt to equity
7.54▲
2024 · -5.13
ROE
381.8%
ROA
44.7%▲
2024 · -67.4%
Interest coverage
17.76▲
2024 · -8.86
Debt ≤ 1 year
€24,634▼
2024 · €47,240
Income taxes
€3,738▲
2024 · €2,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,703 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,185 | €1,836 | €2,536 | €2,065 | €1,446 | ▼ 30.0% |
| Other operating charges640/8 | €1,411 | €2,002 | €3,436 | €15,205 | €8,295 | ▼ 45.4% |
| Non-recurring operating charges66A | - | - | - | - | €3,372 | - |
| Gross operating margin9900 | €22,590 | €17,595 | -€853 | -€4,183 | €33,823 | ▲ 909% |
| Operating profit (loss)9901 | €19,995 | €13,756 | -€6,825 | -€21,454 | €20,710 | ▲ 197% |
| Financial income75/76B | - | €41 | - | €174 | €605 | ▲ 247% |
| Recurring financial income75 | - | €41 | - | €174 | €605 | ▲ 247% |
| Financial charges65/66B | €2,179 | €2,230 | €2,265 | €2,187 | €5,098 | ▲ 133% |
| Recurring financial charges65 | €2,179 | €2,230 | €2,265 | €2,187 | €1,248 | ▼ 43.0% |
| Non-recurring financial charges66B | - | - | - | - | €3,850 | - |
| Profit (loss) for the period before taxes9903 | €17,816 | €11,567 | -€9,090 | -€23,467 | €16,218 | ▲ 169% |
| Income taxes67/77 | €2,653 | €3,022 | €215 | €2,147 | €3,738 | ▲ 74.1% |
| Profit (loss) for the period9904 | €15,163 | €8,545 | -€9,305 | -€25,614 | €12,479 | ▲ 149% |
| Profit (loss) for the period to be appropriated9905 | €15,163 | €8,545 | -€9,305 | -€25,614 | €12,479 | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,851 | €71,842 | €79,291 | €38,029 | €27,902 | ▼ 26.6% |
| Fixed assets21/28 | €7,173 | €10,590 | €9,251 | €5,760 | €464 | ▼ 91.9% |
| Tangible fixed assets22/27 | €5,693 | €5,205 | €3,866 | €1,800 | €354 | ▼ 80.3% |
| Plant, machinery and equipment23 | €2,152 | €1,603 | €1,054 | €593 | €194 | ▼ 67.2% |
| Furniture and vehicles24 | €2,808 | €3,026 | €2,394 | €947 | €57 | ▼ 94.0% |
| Leasing and similar rights25 | €733 | €575 | €418 | €260 | €103 | ▼ 60.5% |
| Financial fixed assets28 | €1,480 | €5,385 | €5,385 | €3,960 | €110 | ▼ 97.2% |
| Current assets29/58 | €49,678 | €61,253 | €70,040 | €32,269 | €27,438 | ▼ 15.0% |
| Stocks and contracts in progress3 | €7,632 | €15,475 | €16,910 | €6,796 | €4,857 | ▼ 28.5% |
| Stocks30/36 | €7,632 | €15,475 | €16,910 | €6,796 | €4,857 | ▼ 28.5% |
| Amounts receivable within one year40/41 | €9,693 | €19,248 | €45,255 | €16,950 | €14,211 | ▼ 16.2% |
| Trade receivables40 | €4,724 | €16,248 | €45,255 | €16,616 | €12,746 | ▼ 23.3% |
| Other amounts receivable41 | €4,969 | €2,999 | - | €333 | €1,464 | ▲ 339% |
| Cash at bank and in hand54/58 | €32,353 | €24,764 | €6,423 | €5,650 | €6,282 | ▲ 11.2% |
| Deferred charges and accrued income490/1 | - | €1,766 | €1,452 | €2,873 | €2,089 | ▼ 27.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,851 | €71,842 | €79,291 | €38,029 | €27,902 | ▼ 26.6% |
| Equity10/15 | €17,163 | €25,709 | €16,403 | -€9,211 | €3,269 | ▲ 135% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €15,163 | €23,709 | €14,403 | -€11,211 | €1,269 | ▲ 111% |
| Amounts payable17/49 | €39,687 | €46,133 | €62,887 | €47,240 | €24,634 | ▼ 47.9% |
| Amounts payable after more than one year17 | €11,640 | €7,626 | €3,510 | - | - | - |
| Financial debts170/4 | €11,640 | €7,626 | €3,510 | - | - | - |
| Amounts payable within one year42/48 | €28,047 | €38,508 | €59,378 | €47,240 | €24,634 | ▼ 47.9% |
| Current portion of amounts payable after more than one year42 | €3,915 | €4,014 | €4,116 | €3,510 | - | - |
| Trade debts44 | €6,318 | €10,242 | €45,862 | €36,720 | €12,227 | ▼ 66.7% |
| Suppliers440/4 | €6,318 | €10,242 | €45,862 | €36,720 | €12,227 | ▼ 66.7% |
| Advances received on contracts in progress46 | €7,506 | €6,049 | - | - | - | - |
| Taxes, remuneration and social security45 | €9,282 | €15,509 | €8,021 | €6,452 | €2,376 | ▼ 63.2% |
| Taxes450/3 | €8,149 | €11,496 | €8,021 | €4,704 | €1,176 | ▼ 75.0% |
| Remuneration and social security454/9 | €1,133 | €4,013 | - | €1,748 | €1,200 | ▼ 31.4% |
| Other amounts payable47/48 | €1,027 | €2,693 | €1,379 | €558 | €10,031 | ▲ 1,698% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,163 | €8,545 | -€9,305 | -€25,614 | €12,479 | ▲ 149% |
| + Depreciation and write-downs630 | €1,185 | €1,836 | €2,536 | €2,065 | €1,446 | ▼ 30.0% |
| Operating cash flow (approximation) | €16,348 | €10,381 | -€6,769 | -€23,549 | €13,925 | ▲ 159% |
| Investment in fixed assets (approximation) | - | -€5,253 | -€1,198 | €1,425 | €3,850 | ▲ 170% |
| Change in cash | - | -€7,589 | -€18,341 | -€773 | €632 | ▲ 182% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €12,479
Net result €12,479 after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€25,614
Net result drops to -€25,614, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
14-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Frameries · 1 establishment unit since 2020
Ground area
614 m²
Building footprint
100 m²
Volume, LiDAR
518 m³
Parcel 53045C0849/00V002, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
2UPGRADE
since 20202.307.053.740
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045C0849/00V002 | Wallonia | 614 m² | 1 · 100 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
UNDERSTORY
BE 0829.939.819
Kontich · Eq €3,262
BASHI 1997
BE 0798.814.301
Gent · Eq €3,244
NOUVEAU CASH
BE 0798.245.563
Liège · Eq €3,297
MOBILE CONNEXION
BE 0876.451.616
Sint-Gillis (bij-Brussel) · Eq €3,234
DIRECT SOFT
BE 0630.791.790
Elsene · Eq €3,159
Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62100Computer programming
70200Business and other management consultancy
95100Repair and maintenance of computers and communication equipment
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753400681
Also
9925:BE0753400681
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.