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HOMEUPGRADE

Active
Private limited companyfounded 201510 yrs activeMaria van Hongarijelaan 91, 1083 Ganshoren, BelgiumKBO/BCE: BE 0640.708.556
Summary

HOMEUPGRADE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142,196 and a net result of -€10,205. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 82% of 8982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisWatch ReportCompare
HOMEUPGRADEActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€191,218total assets 2025
Equity
€142,196
Loss
-€10,205
Turnover not published (abridged schema)
Financial health
66 Healthy Checked score 2025
Bankruptcy chance 12 m
1.0%
Structure
Accounts filed 31 d late0 of 3 deeds read
Why 66- Latest accounts 31 days late; 1 of the last 3 late- Sector Construction of residential and non-residential buildings (NACE 41)- Loss of €10,205 (FY 2025)+ Liquidity: current ratio 6.50, cash €28,561, halvedShow the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 49% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 99+22
equity 74.4% of total assets
Liquidity 67-22
short-term debt 12.6% · cash 14.9%
Profitability 12-88
return on assets -5.3%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,373 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.4%▼ -12.8% vs 12-2024 02-2025: 0.4%▲ +1.6% vs 01-2025 03-2025: 0.4%▼ -8.5% vs 02-2025 04-2025: 0.4%▼ -2.0% vs 03-2025 05-2025: 0.4%▲ +4.3% vs 04-2025 06-2025: 0.4%▼ -2.7% vs 05-2025 07-2025: 0.5%▲ +14.4% vs 06-2025 08-2025: 0.7%▲ +48.0% vs 07-2025 09-2025: 0.1%▼ -81.7% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▼ -13.0% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -16.8% vs 03-2026 05-2026: 0.1%▼ -2.2% vs 04-2026 06-2026: 0.1%▼ -2.3% vs 05-2026lowest value 07-2026: 0.1%▲ +16.5% vs 06-2026 08-2026: 0.2%▲ +98.0% vs 07-2026 09-2026: 1.0%▲ +429% vs 08-2026highest value 10-2026: 1.0%● 0.0% vs 09-2026highest value
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
  • Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
  • Loss of €10,205 (FY 2025) raises the probability
  • Liquidity: current ratio 6.50, cash €28,561, halved lowers the probability
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 6.5 against 3.58 in 2024; short-term debt: 12.6% and cash: 14.9% of total assets), and 25.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 83%, liquidity 72%, profitability 14%, growth against the median 28%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Loss of €10,205 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 6.50, cash €28,561, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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
18 d late
2023
33 d early
2022
7 d late
2021
22 d late
2020
4 d early
2019
40 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 12 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. Usually files around 18 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Highest result since 2018net €106,413 ▲2,934%

Key points

  • Caution: From profit to loss in 2025after €106,413 in 2024 -€10,205 View
  • Caution: Among the weakest 14% on net resultsector median €8,440 · 8,974 companies -€10,205 View
  • Total assets 20256 fiscal years filed €191,218 View

By topic

Financials

Fiscal year
2025
Total assets
€191,218
Loss
-€10,205
Solvency
74.4%
Total assets▼ 34.3%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 18-08-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
07-10-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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