Build U²p
ActiveSummary
The computed 12-month bankruptcy probability of Build U²p is 1.9% (moderate). The 2024 annual accounts show equity of €282,340 and a net result of €224,667. Equity is growing by ~54.9% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
How big
€685,834total assets 2024
- Equity
- €282,340
- Profit
- €224,667
Turnover not published (abridged schema)
Who decides
Accounts 31 d early0 of 1 deed read
Why 70- Limited track record- Higher-failure-rate sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+13
Solvency66▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.78 in 2023; short-term debt: 19.2% and cash: 8.6% of total assets), but 58.8% of the assets are financed with debt.
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Signals
Three 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
10 d early
2023
15 d early
2022
32 d late
2021
31 d late
2020
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days before 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. Usually files around 21 July (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2020net €224,667 ▲149%
Financials
Fiscal year 2024Total assets €685,834Profit €224,667Solvency 41.2%Liquidity 2.18
Total assets
€685,834▲ 11.1%
2020 - 2024
Net result
€224,667▲ 149%
2020 - 2024
Equity
€282,340▲ 39.3%
2020 - 2024
Staff (FTE)
1▼ 56.5%
2020 - 2023
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€72,358-€20,777▼ 71.3%€64,981▲ 213%€125,783▲ 93.6%€305,088▲ 143%
Net result€57,180above the sector's middle half-€12,858within the sector's middle half▼ 77.5%€41,461above the sector's middle half▲ 222%€90,173above the sector's middle half▲ 117%€224,667above the sector's middle half▲ 149%
Equity€58,180within the sector's middle half-€71,038within the sector's middle half▲ 22.1%€112,499above the sector's middle half▲ 58.4%€202,673above the sector's middle half▲ 80.2%€282,340above the sector's middle half▲ 39.3%
Total assets€120,252within the sector's middle half-€414,009above the sector's middle half▲ 244%€561,214above the sector's middle half▲ 35.6%€617,096above the sector's middle half▲ 10.0%€685,834above the sector's middle half▲ 11.1%
Debt€62,072-€342,971▲ 453%€448,715▲ 30.8%€414,423▼ 7.6%€403,495▼ 2.6%
Working capital€43,309within the sector's middle half--€12,496below the sector's middle half€89,019above the sector's middle half€100,221above the sector's middle half▲ 12.6%€155,175above the sector's middle half▲ 54.8%
Solvency48.4%within the sector's middle half-17.2%within the sector's middle half▼ 31.2pp20.0%within the sector's middle half▲ 2.9pp32.8%within the sector's middle half▲ 12.8pp41.2%within the sector's middle half▲ 8.3pp
Current ratio1.70within the sector's middle half-0.88below the sector's middle half▼ 0.821.63within the sector's middle half▲ 0.751.78within the sector's middle half▲ 0.152.18within the sector's middle half▲ 0.40
Return on assets (ROA)47.5%above the sector's middle half-3.1%within the sector's middle half▼ 44.4pp7.4%within the sector's middle half▲ 4.3pp14.6%within the sector's middle half▲ 7.2pp32.8%above the sector's middle half▲ 18.1pp
Staff (FTE)1.2within the sector's middle half-1.5▲ 25.0%2.3▲ 53.3%1▼ 56.5%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 143% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €685,834
Fixed assets
€399,202 ▲ 2.6%
Current assets
€286,633 ▲ 25.7%
Equity and liabilities €685,834
Equity
€282,340 ▲ 39.3%
Debt
€403,495 ▼ 2.6%
Debt's share of the balance-sheet total falls from 67.2% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€307,917▲
2023 · €131,437
Cash flow
€227,496▲
2023 · €95,828
Quick ratio
1.59▲
2023 · 1.39
Debt to equity
1.43▼
2023 · 2.04
ROE
79.6%▲
2023 · 44.5%
Interest coverage
32.23▲
2023 · 11.78
Debt ≤ 1 year
€131,458▲
2023 · €127,840
Debt > 1 year
€272,037▼
2023 · €286,583
Income taxes
€71,135▲
2023 · €28,417
Staff costs
€0▼
2023 · €33,362
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,781 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €43,593 | €75,532 | €33,362 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,640 | €29,166 | €5,964 | €5,654 | €2,829 | ▼ 50.0% |
| Other operating charges640/8 | - | €2,809 | €11,833 | €10,289 | €10,840 | ▲ 5.4% |
| Non-recurring operating charges66A | - | - | - | €678 | €2,930 | ▲ 332% |
| Gross operating margin9900 | €136,033 | €96,344 | €158,311 | €175,766 | €321,687 | ▲ 83.0% |
| Operating profit (loss)9901 | €72,358 | €20,777 | €64,981 | €125,783 | €305,088 | ▲ 143% |
| Financial income75/76B | - | €2,045 | €3,257 | €3,964 | €267 | ▼ 93.3% |
| Recurring financial income75 | €1,463 | €2,045 | €3,257 | €3,964 | €267 | ▼ 93.3% |
| Financial charges65/66B | - | €3,193 | €12,367 | €11,157 | €9,554 | ▼ 14.4% |
| Recurring financial charges65 | €2,006 | €3,193 | €12,367 | €11,157 | €9,554 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | €71,815 | €19,629 | €55,871 | €118,590 | €295,802 | ▲ 149% |
| Income taxes67/77 | €14,636 | €6,770 | €14,409 | €28,417 | €71,135 | ▲ 150% |
| Profit (loss) for the period9904 | €57,180 | €12,858 | €41,461 | €90,173 | €224,667 | ▲ 149% |
| Profit (loss) for the period to be appropriated9905 | €57,180 | €12,858 | €41,461 | €90,173 | €224,667 | ▲ 149% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,252 | €414,009 | €561,214 | €617,096 | €685,834 | ▲ 11.1% |
| Fixed assets21/28 | €14,871 | €320,388 | €330,955 | €389,034 | €399,202 | ▲ 2.6% |
| Tangible fixed assets22/27 | €14,193 | €320,288 | €330,855 | €388,934 | €399,102 | ▲ 2.6% |
| Land and buildings22 | - | €305,678 | €319,294 | €382,221 | €382,944 | ▲ 0.2% |
| Plant, machinery and equipment23 | - | €12,229 | €10,348 | €6,441 | €11,000 | ▲ 70.8% |
| Furniture and vehicles24 | - | €2,380 | €1,213 | €272 | €5,157 | ▲ 1,797% |
| Financial fixed assets28 | €678 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €105,381 | €93,621 | €230,259 | €228,061 | €286,633 | ▲ 25.7% |
| Stocks and contracts in progress3 | €3,000 | €19,294 | €28,341 | €49,939 | €77,455 | ▲ 55.1% |
| Stocks30/36 | - | €18,610 | €28,341 | €49,939 | €77,455 | ▲ 55.1% |
| Contracts in progress37 | - | €684 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €70,456 | €59,894 | €110,366 | €170,641 | €61,867 | ▼ 63.7% |
| Trade receivables40 | - | €43,792 | €36,033 | €81,746 | €59,694 | ▼ 27.0% |
| Other amounts receivable41 | - | €16,102 | €74,333 | €88,896 | €2,173 | ▼ 97.6% |
| Current investments50/53 | - | - | - | - | €85,079 | - |
| Cash at bank and in hand54/58 | €13,417 | €10,306 | €85,249 | €1,299 | €59,227 | ▲ 4,461% |
| Deferred charges and accrued income490/1 | - | €4,127 | €6,303 | €6,182 | €3,004 | ▼ 51.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,252 | €414,009 | €561,214 | €617,096 | €685,834 | ▲ 11.1% |
| Equity10/15 | €58,180 | €71,038 | €112,499 | €202,673 | €282,340 | ▲ 39.3% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €57,180 | €70,038 | €111,499 | €201,673 | €281,340 | ▲ 39.5% |
| Distributable reserves133 | - | €70,038 | €111,499 | €201,673 | €281,340 | ▲ 39.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €62,072 | €342,971 | €448,715 | €414,423 | €403,495 | ▼ 2.6% |
| Amounts payable after more than one year17 | - | €236,854 | €307,475 | €286,583 | €272,037 | ▼ 5.1% |
| Financial debts170/4 | - | €236,854 | €307,475 | €286,583 | €272,037 | ▼ 5.1% |
| Amounts payable within one year42/48 | €62,072 | €106,117 | €141,240 | €127,840 | €131,458 | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | - | - | €7,233 | €14,209 | €14,546 | ▲ 2.4% |
| Financial debts43 | - | - | €8,366 | €2,953 | €38,524 | ▲ 1,205% |
| Credit institutions430/8 | - | - | €8,366 | €2,953 | €38,524 | ▲ 1,205% |
| Trade debts44 | €39,332 | €78,102 | €112,959 | €77,855 | €57,503 | ▼ 26.1% |
| Suppliers440/4 | - | €78,102 | €112,959 | €77,855 | €57,503 | ▼ 26.1% |
| Taxes, remuneration and social security45 | - | €25,843 | €12,681 | €32,823 | €6,000 | ▼ 81.7% |
| Taxes450/3 | - | €21,145 | €6,497 | €28,823 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €4,699 | €6,185 | €4,000 | €6,000 | ▲ 50.0% |
| Other amounts payable47/48 | - | €2,172 | €0 | - | €14,885 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,180 | €12,858 | €41,461 | €90,173 | €224,667 | ▲ 149% |
| + Depreciation and write-downs630 | €3,640 | €29,166 | €5,964 | €5,654 | €2,829 | ▼ 50.0% |
| Operating cash flow (approximation) | €60,819 | €42,024 | €47,425 | €95,828 | €227,496 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€334,683 | -€16,531 | -€63,734 | -€12,996 | ▲ 79.6% |
| Change in cash | - | -€3,111 | €74,943 | -€83,950 | €57,929 | ▲ 169% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
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CDL
BE 0451.426.419
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Evere · Eq €282,531
DE RIDDER
BE 0431.786.986
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Of 29,789 companies in this sector we hold annual accounts for 16,071. 11,184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
10 eventsLatest 30-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €224,667 ▲149%
Operating result €305,088, net result €224,667, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €202,673 ▲80.2%
4 profitable years in a row build equity to €202,673.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Equity above €100,000Eq €112,499 ▲58.4%
3 profitable years in a row build equity to €112,499.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €12,858 ▼77.5%
Net result drops to €12,858, the lowest in the series; recovery starts the following year.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €1,5081 register with a recognition
Flemish government
€1,508
awarded · 2022 - 2025
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,508 awarded · €1,508 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €231 | €231 |
| 2023 | 1 | €83 | €83 |
| 2022 | 2 | €1,194 | €1,194 |
Recognitions · licences · registrations
Dual-learning approval
7 endedDaktimmerman duaal (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Dakdekker leien en pannen (so)
Daktimmerman (so)
Plaatser binnenschrijnwerk (so)
Plaatser buitenschrijnwerk (so)
Company details
Private limited company · founded 09-08-2019Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded09-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43320Joinery installation
43910Bricklaying and masonry work
43990Other specialised construction activities
71111Activities of building architects
Contact
E-mail
info@wesleyphilips.be
Phone
+32(4)8576128Londerzeel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732481147
Also
9925:BE0732481147
Registered
20-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Londerzeel · 1 establishment unit since 2019
Ground area
341 m²
Building footprint
123 m²
Volume, LiDAR
716 m³
Parcel 23048E0172/02Z002, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Build U²p
since 2019unit no. 2.294.849.061
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048E0172/02Z002 | Flanders | 341 m² | 1 · 123 m² | 11.0 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.
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 trust this company with building work?Contractor check 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 What other support did companies like this one receive, and it did not?Subsidies
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