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END UP

Active
Private limited companyfounded 201412 yrs activeRue de Marbaix(GOZ) 11, 6534 Thuin, BelgiumKBO/BCE: BE 0553.658.578
Summary

END UP has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,470 and a net result of €387. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability71▲+6
Solvency69▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.09 in 2024; short-term debt: 55.8% and cash: 73.9% of total assets), but 55.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €9,470
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
31 d late
2023
30 d late
2022
on the day
2021
31 d late
2020
26 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 June 2014, END UP was incorporated.1 Julien VANESCOTE has served as director of the company since 2023.2 Total assets went from EUR 171,653 in 2018 to EUR 21,421 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 07-08-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€387▼ 79.8%
2024 · €1,915
Working capital
€8,726▼ 3.9%
2024 · €9,083
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 43, Specialised construction activities, 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).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,482-€1,463▲ 1.2%-€876▲ 40.1%€3,282€999▼ 69.6%
Net result-€1,570below the sector's middle half€622below the sector's middle half-€965below the sector's middle half€1,915within the sector's middle half€387within the sector's middle half▼ 79.8%
Equity€234,511above the sector's middle half▼ 0.7%€235,133above the sector's middle half▲ 0.3%€7,168below the sector's middle half▼ 97.0%€9,083below the sector's middle half▲ 26.7%€9,470below the sector's middle half▲ 4.3%
Total assets€247,314within the sector's middle half▼ 2.4%€235,588within the sector's middle half▼ 4.7%€12,590below the sector's middle half▼ 94.7%€17,411below the sector's middle half▲ 38.3%€21,421below the sector's middle half▲ 23.0%
Debt€12,802▼ 26.6%€455▼ 96.4%€5,422▲ 1,092%€8,328▲ 53.6%€11,951▲ 43.5%
Working capital€16,456within the sector's middle half▼ 8.7%€17,078within the sector's middle half▲ 3.8%€7,168within the sector's middle half▼ 58.0%€9,083within the sector's middle half▲ 26.7%€8,726within the sector's middle half▼ 3.9%
Solvency94.8%above the sector's middle half▲ 1.7pp99.8%above the sector's middle half▲ 5.0pp56.9%within the sector's middle half▼ 42.9pp52.2%within the sector's middle half▼ 4.8pp44.2%within the sector's middle half▼ 8.0pp
Current ratio2.29within the sector's middle half▲ 0.2538.56above the sector's middle half▲ 36.272.32within the sector's middle half▼ 36.242.09within the sector's middle half▼ 0.231.73within the sector's middle half▼ 0.36
Return on assets (ROA)-0.6%below the sector's middle half▼ 16.6pp0.3%below the sector's middle half▲ 0.9pp-7.7%below the sector's middle half▼ 7.9pp11.0%within the sector's middle half▲ 18.7pp1.8%within the sector's middle half▼ 9.2pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€2,000€0€2,000€4,000Operating result 2021: -€1,482-€1,482Net result 2021: -€1,570-€1,570Operating result 2022: -€1,463-€1,463Net result 2022: €622€622Operating result 2023: -€876-€876Net result 2023: -€965-€965Operating result 2024: €3,282€3,282Net result 2024: €1,915€1,915Operating result 2025: €999€999Net result 2025: €387€38720212022202320242025-€2,000€0€2,000€4,000Operating result 2023: -€876-€876Net result 2023: -€965-€965Operating result 2024: €3,282€3,280Net result 2024: €1,915€1,920Operating result 2025: €999€999Net result 2025: €387€387202320242025
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,421
Fixed assets €744
Current assets €20,677
Equity and liabilities €21,421
Equity €9,470 ▲ 4.3%
Debt €11,951 ▲ 43.5%
Debt's share of the balance-sheet total rises from 47.8% to 55.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1,105
Cash flow
€493
Debt to equity
1.26▲
2024 · 0.92
ROE
4.1%▼
2024 · 21.1%
Interest coverage
7.52
Debt ≤ 1 year
€11,951▲
2024 · €8,328
Income taxes
€572▼
2024 · €1,305
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95% still going

For this company itself Checked computes a higher bankruptcy probability: 1.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 10,905 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€17,411€21,421▲
Fixed assets21/28-€744
Tangible fixed assets22/27-€744
Plant, machinery and equipment23-€744
Current assets29/58€17,411€20,677▲
Stocks and contracts in progress3€5,600-
Contracts in progress37€5,600-
Amounts receivable within one year40/41€7,964€4,840▼
Trade receivables40€7,688€2,812▼
Other amounts receivable41€276€2,028▲
Cash at bank and in hand54/58€3,847€15,837▲
Equity and liabilities
Total equity and liabilities10/49€17,411€21,421▲
Equity10/15€9,083€9,470▲
Contributions10/11€6,200€6,200=
Reserves13€2,881€2,881=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€1,021€1,021=
Profit (loss) carried forward14€2€389▲
Amounts payable17/49€8,328€11,951▲
Amounts payable within one year42/48€8,328€11,951▲
Trade debts44€296€4,506▲
Suppliers440/4€296€4,506▲
Taxes, remuneration and social security45€5,841€7,445▲
Taxes450/3€5,841€7,445▲
Other amounts payable47/48€2,191-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€106
Other operating charges640/8-€30
Non-recurring operating charges66A-€127
Gross operating margin9900€3,282€1,262▼
Operating profit (loss)9901€3,282€999▼
Financial income75/76B-€107
Recurring financial income75-€107
Financial charges65/66B€62€147▲
Recurring financial charges65€62€147▲
Profit (loss) for the period before taxes9903€3,220€959▼
Income taxes67/77€1,305€572▼
Profit (loss) for the period9904€1,915€387▼
Profit (loss) for the period to be appropriated9905€1,915€387▼
Appropriation of the result
Profit (loss) to be appropriated9906€2€389▲
Profit (loss) brought forward from the previous period14P-€1,913€2▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€106-
Other operating charges640/8€348€1,406--€30-
Non-recurring operating charges66A----€127-
Gross operating margin9900-€1,134-€57-€876€3,282€1,262▼ 61.5%
Operating profit (loss)9901-€1,482-€1,463-€876€3,282€999▼ 69.6%
Financial income75/76B-€2,180--€107-
Recurring financial income75-€2,180--€107-
Financial charges65/66B€214€95€89€62€147▲ 137%
Recurring financial charges65€214€95€89€62€147▲ 137%
Profit (loss) for the period before taxes9903-€1,695€622-€965€3,220€959▼ 70.2%
Income taxes67/77-€125--€1,305€572▼ 56.2%
Profit (loss) for the period9904-€1,570€622-€965€1,915€387▼ 79.8%
Profit (loss) for the period to be appropriated9905-€1,570€622-€965€1,915€387▼ 79.8%
Line20212022202320242025Change
Assets
Total assets20/58€247,314€235,588€12,590€17,411€21,421▲ 23.0%
Fixed assets21/28€218,056€218,056--€744-
Tangible fixed assets22/27----€744-
Plant, machinery and equipment23----€744-
Financial fixed assets28€218,056€218,056----
Current assets29/58€29,258€17,533€12,590€17,411€20,677▲ 18.8%
Stocks and contracts in progress3--€5,750€5,600--
Contracts in progress37--€5,750€5,600--
Amounts receivable within one year40/41€592€2,461€276€7,964€4,840▼ 39.2%
Trade receivables40---€7,688€2,812▼ 63.4%
Other amounts receivable41€592€2,461€276€276€2,028▲ 635%
Cash at bank and in hand54/58€28,666€15,071€6,564€3,847€15,837▲ 312%
Equity and liabilities
Total equity and liabilities10/49€247,314€235,588€12,590€17,411€21,421▲ 23.0%
Equity10/15€234,511€235,133€7,168€9,083€9,470▲ 4.3%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€229,881€229,881€2,881€2,881€2,881=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133€228,021€228,021€1,021€1,021€1,021=
Profit (loss) carried forward14-€1,570-€948-€1,913€2€389▲ 19,350%
Amounts payable17/49€12,802€455€5,422€8,328€11,951▲ 43.5%
Amounts payable within one year42/48€12,802€455€5,422€8,328€11,951▲ 43.5%
Trade debts44€348-€3,364€296€4,506▲ 1,422%
Suppliers440/4€348-€3,364€296€4,506▲ 1,422%
Taxes, remuneration and social security45€293€158€153€5,841€7,445▲ 27.5%
Taxes450/3€158€158€153€5,841€7,445▲ 27.5%
Remuneration and social security454/9€135-----
Other amounts payable47/48€12,162€297€1,905€2,191--
Line20212022202320242025Change
Profit (loss) for the period9904-€1,570€622-€965€1,915€387▼ 79.8%
+ Depreciation and write-downs630----€106-
Operating cash flow (approximation)-€1,570€622-€965€1,915€493▼ 74.3%
Investment in fixed assets (approximation)-€0----
Change in cash--€13,595-€8,507-€2,717€11,990▲ 541%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
07-08
State Gazette act Appointment: Julien VANESCOTE (director)
3 facts ▸
  • General meeting, 29-07-2026
  • Director appointment, Julien VANESCOTE (director)
  • Director in office, Stephy-Maryne GLINSCHERT (director)
2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial Back to profitnet €1,915
Net result €1,915 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €622
Net result €622 after one loss-making year.
31-12
Financial Liquidity times 17current ratio 38.56
Current ratio from 2.29 to 38.56; short-term debt falls from €12,802 to €455.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial Weakest financial yearnet -€1,570
Net result drops to -€1,570, the lowest in the series; recovery starts the following year.
26-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial Equity above €200,000Eq €236,081 ▲20.7%
3 profitable years in a row build equity to €236,081.
Show earlier events
31-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial Highest result since 2018net €65,039 ▲309%
Operating result €84,327, net result €65,039, both a record.
31-12
Financial Liquidity doublescurrent ratio 7.54
Current ratio from 3.31 to 7.54; short-term debt falls from €35,247 to €24,946.
31-12
Financial Equity above €150,000Eq €195,609 ▲49.8%
2 profitable years in a row build equity to €195,609.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2023
Julien VANESCOTE
Director · since 20-10-2023
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Thuin · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
2,992 m²
Building footprint
292 m²
Volume, LiDAR
2,099 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DPG-ELEC
Rue Houdoux 36, 6150 AnderluesOther mining and quarrying
since 20142.231.389.285
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56001B0760/00M000 Wallonia 1,908 m² 1 · 173 m² 8.6 m · 2 fl.
56030C0062/00K000 Wallonia 1,084 m² 1 · 119 m² 10.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2023, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Julien VANESCOTE
  • Director, from 20-10-2023 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner

Chain of control

  1. GALUPONT INVEST 100%
  2. END UP

Highest known parent: GALUPONT INVEST. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Similar companies · same sector, comparable size

Of 22,818 companies in this sector we hold annual accounts for 10,343. 5,368 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded06-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0553658578
Registered 07-01-2026

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.