Level Up Projects
ActiveSummary
The computed 12-month bankruptcy probability of Level Up Projects is 2.3% (moderate). The 2025 annual accounts show equity of €134,709 and a net result of €55,097. Equity is growing by ~78.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 28184 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-5
Solvency53▲+7
Growth85=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.34 against 1.12 in 2024; short-term debt: 25.9% and cash: 23% of total assets), but 72.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.8%
Return on assets
11.4%
Age of the figures
15 mo
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-07-2026, 160 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 · 3 filingsDeviation from the deadline
2025
160 d late
2024
112 d early
2023
166 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 71 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1.0m▼ 14.7%
2024 · €1.2m
EBIT margin
7.9%▲ 0.4pp
2024 · 7.5%
Net result
€55,097▼ 19.8%
2024 · €68,677
Working capital
€293,557▲ 790%
2024 · €33,001
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€637,515-€1.2m▲ 91.6%€1.0m▼ 14.7%
Operating result€10,907-€91,731▲ 741%€82,636▼ 9.9%
Net result€7,401-€68,677▲ 828%€55,097▼ 19.8%
EBIT margin1.7%-7.5%▲ 5.8pp7.9%▲ 0.4pp
Equity€10,401-€79,612▲ 665%€134,709▲ 69.2%
Total assets€177,684-€383,906▲ 116%€484,321▲ 26.2%
Debt€167,283-€304,294▲ 81.9%€349,613▲ 14.9%
Working capital-€17,611-€33,001€293,557▲ 790%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Turnover +92%, Total assets +116% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €484,321
Fixed assets
€65,414 ▼ 20.3%
Current assets
€418,908 ▲ 38.8%
Equity and liabilities €484,321
Equity
€134,709 ▲ 69.2%
Debt
€349,613 ▲ 14.9%
Debt's share of the balance-sheet total falls from 79.3% to 72.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104,215▼
2024 · €110,908
Cash flow
€76,676▼
2024 · €87,854
Current ratio
3.34▲
2024 · 1.12
Quick ratio
2.15▲
2024 · 1.12
Debt to equity
2.60▼
2024 · 3.82
ROE
40.9%▼
2024 · 86.3%
ROA
11.4%▼
2024 · 17.9%
Interest coverage
39.00▼
2024 · 1419.72
Debt ≤ 1 year
€125,350▼
2024 · €268,786
Debt > 1 year
€213,405▲
2024 · €35,509
Income taxes
€24,958▼
2024 · €25,854
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,602 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
2.1%
went bankrupt
0.9%
stopped otherwise
97%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 1,602 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €637,515 | €1.2m | €1.0m | ▼ 14.7% |
| Goods, raw materials, services and sundry goods60/61 | €624,330 | €1.1m | €970,322 | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,278 | €19,177 | €21,579 | ▲ 12.5% |
| Other operating charges640/8 | - | €471 | €602 | ▲ 27.8% |
| Non-recurring operating charges66A | - | €219 | €3,542 | ▲ 1,517% |
| Gross operating margin9900 | €13,185 | €111,598 | €108,359 | ▼ 2.9% |
| Operating profit (loss)9901 | €10,907 | €91,731 | €82,636 | ▼ 9.9% |
| Financial income75/76B | €0 | €2,878 | €91 | ▼ 96.8% |
| Recurring financial income75 | €0 | €2,878 | €91 | ▼ 96.8% |
| Financial charges65/66B | €803 | €78 | €2,672 | ▲ 3,321% |
| Recurring financial charges65 | €803 | €78 | €2,672 | ▲ 3,321% |
| Profit (loss) for the period before taxes9903 | €10,104 | €94,530 | €80,054 | ▼ 15.3% |
| Income taxes67/77 | €2,703 | €25,854 | €24,958 | ▼ 3.5% |
| Profit (loss) for the period9904 | €7,401 | €68,677 | €55,097 | ▼ 19.8% |
| Profit (loss) for the period to be appropriated9905 | €7,401 | €68,677 | €55,097 | ▼ 19.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €177,684 | €383,906 | €484,321 | ▲ 26.2% |
| Fixed assets21/28 | €56,065 | €82,120 | €65,414 | ▼ 20.3% |
| Tangible fixed assets22/27 | €56,065 | €79,120 | €62,414 | ▼ 21.1% |
| Plant, machinery and equipment23 | - | €2,463 | €2,369 | ▼ 3.8% |
| Furniture and vehicles24 | - | - | €2,949 | - |
| Leasing and similar rights25 | €56,065 | €76,657 | €57,095 | ▼ 25.5% |
| Financial fixed assets28 | - | €3,000 | €3,000 | = |
| Current assets29/58 | €121,619 | €301,787 | €418,908 | ▲ 38.8% |
| Stocks and contracts in progress3 | - | - | €149,600 | - |
| Stocks30/36 | - | - | €149,600 | - |
| Amounts receivable within one year40/41 | €54,036 | €263,804 | €155,078 | ▼ 41.2% |
| Trade receivables40 | €42,545 | €208,649 | €154,742 | ▼ 25.8% |
| Other amounts receivable41 | €11,491 | €55,155 | €336 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €67,504 | €34,900 | €111,168 | ▲ 219% |
| Deferred charges and accrued income490/1 | €79 | €3,083 | €3,062 | ▼ 0.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €177,684 | €383,906 | €484,321 | ▲ 26.2% |
| Equity10/15 | €10,401 | €79,612 | €134,709 | ▲ 69.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €7,401 | €76,612 | €131,709 | ▲ 71.9% |
| Amounts payable17/49 | €167,283 | €304,294 | €349,613 | ▲ 14.9% |
| Amounts payable after more than one year17 | €28,053 | €35,509 | €213,405 | ▲ 501% |
| Financial debts170/4 | €28,053 | €35,509 | €213,405 | ▲ 501% |
| Amounts payable within one year42/48 | €139,230 | €268,786 | €125,350 | ▼ 53.4% |
| Current portion of amounts payable after more than one year42 | €21,462 | €26,050 | €23,729 | ▼ 8.9% |
| Trade debts44 | €107,995 | €183,660 | €1,159 | ▼ 99.4% |
| Suppliers440/4 | €107,995 | €183,660 | €1,159 | ▼ 99.4% |
| Taxes, remuneration and social security45 | €2,703 | €28,557 | €71,934 | ▲ 152% |
| Taxes450/3 | €2,703 | €28,557 | €71,934 | ▲ 152% |
| Other amounts payable47/48 | €7,070 | €30,519 | €28,529 | ▼ 6.5% |
| Accrued charges and deferred income492/3 | - | - | €10,857 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,401 | €68,677 | €55,097 | ▼ 19.8% |
| + Depreciation and write-downs630 | €2,278 | €19,177 | €21,579 | ▲ 12.5% |
| Operating cash flow (approximation) | €9,679 | €87,854 | €76,676 | ▼ 12.7% |
| Investment in fixed assets (approximation) | - | -€45,232 | -€4,873 | ▲ 89.2% |
| Change in cash | - | -€32,604 | €76,268 | ▲ 334% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 160 days late
2025
30-06
Financial
Liquidity triplescurrent ratio 3.34
Current ratio from 1.12 to 3.34; short-term debt falls from €268,786 to €125,350.
30-06
Financial
Equity above €100,000Eq €134,709 ▲69.2%
3 profitable years in a row build equity to €134,709.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 166 days late
30-06
Financial
Highest result since 2023net €68,677 ▲828%
Operating result €91,731, net result €68,677, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Wetteren · 1 establishment unit since 2022
Ground area
682 m²
Building footprint
248 m²
Volume, LiDAR
1,888 m³
2 parcels, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Level Up Projects
since 20222.333.913.931
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42303F0271/00H002 | Flanders | 353 m² | 1 · 155 m² | 11.3 m · 2 fl. |
| 42021C0101/00D000 | Flanders | 329 m² | 1 · 93 m² | 13.1 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.
Similar companies · same sector, comparable size
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ESPACE REALISATION
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BE 0733.610.406
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DESMET BART PLEISTERWERKEN
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,131 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
Founded27-07-2022
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
68121Development of residential building projects
43341Painting of buildings
43410Roofing work
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788948510
Also
9925:BE0788948510
Registered
26-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.