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 has been growing by about 78% per year since 2023. Its solvency ranks better than 29% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-07-2022 Normal situation
- Activity
- Other specialised construction activities NACE 43990and 5 others
- Establishment unit
- 2.333.913.931 9200 Dendermonde, since 27-07-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 26-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.3%
- Turnover
- €1.0m
- ▼ 14.7%
- Profit
- €55,097
- ▼ 19.8%
- Equity
- €134,709
- ▲ 69.2%
- Total assets
- €484,321
- ▲ 26.2%
- 2025 accounts filed 160 days after the deadline
Score breakdownraises riskLast filed accounts filed 161 days late; 2 of the last 3 accounts lateSize: turnover €1.0m, total assets €484,321Founded in 2022lowers riskLiquidity: current ratio 3.34, cash €111,168Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 29% of them on solvency, 67% on liquidity, 49% on profitability and 58% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 71 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 160 days after the deadline Filed on 10 July 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00279154.
Annual accounts 2025 filed on 10-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 10% lower than in 2024.
Overdue debts
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Overdue tax debts | - | €28,557 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of debts)
Investments
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €58,343 | €42,232 | €4,873 |
| Financial fixed assets | - | €3,000 | - |
| Depreciation and write-downs of the year | €2,278 | €19,177 | €21,579 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €0.6m | €1.2m | €1.0m | ▼ 14.7% |
| Goods, raw materials, services and sundry goods60/61 | €0.6m | €1.1m | €1.0m | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.02m | €0.02m | ▲ 12.5% |
| Other operating charges640/8 | - | €471 | €0.001m | ▲ 27.8% |
| Non-recurring operating charges66A | - | €219 | €0.004m | ▲ 16× |
| Gross operating margin9900 | €0.01m | €0.1m | €0.1m | ▼ 2.9% |
| Operating profit (loss)9901 | €0.01m | €0.09m | €0.08m | ▼ 9.9% |
| Financial income75/76B | €0 | €0.003m | €91 | ▼ 96.8% |
| Recurring financial income75 | €0 | €0.003m | €91 | ▼ 96.8% |
| Financial charges65/66B | €0.001m | €78 | €0.003m | ▲ 34× |
| Recurring financial charges65 | €0.001m | €78 | €0.003m | ▲ 34× |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.09m | €0.08m | ▼ 15.3% |
| Income taxes67/77 | €0.003m | €0.03m | €0.02m | ▼ 3.5% |
| Profit (loss) for the period9904 | €0.007m | €0.07m | €0.06m | ▼ 19.8% |
| Profit (loss) for the period to be appropriated9905 | €0.007m | €0.07m | €0.06m | ▼ 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,602 companies had the same profile as Level Up Projects has now. Two years later, 96.6% were still going and 2.3% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Level Up Projects itself: 2.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,602 companies, not a prediction for Level Up Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- WALECKI Marek 100 shares (100%)
Capital transactions
- 29-07-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Alle handelingen nodig of dienstig tot verwezenlijking van het voorwerp, behalve deze die wet of statuten aan algemene vergadering…”
Articles of association, deed of 29-07-2022 (in Dutch)
Network & group
Level Up Projects shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Level Up Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-08
Gazette deed
Registered office moved from Dendermonde to Wetteren - Korte MassemsesteenwegNew seat: 9230 Wetteren - Korte Massemsesteenweg 33 · Previous seat: Emmanuel Hielstraat 66/B -9200 Dendermonde · Director in office4 points ▸
- General meeting, 06-06-2024
- Registered-office move, 9230 Wetteren - Korte Massemsesteenweg 33
- Director in office, Walecki Marek (director)
- Other provision, “publication number”, 24115679 (deed in Dutch)
29-07
Gazette deed
IncorporationStarting capital €5,000 · Appointment: WALECKI Marek (director) · Founder5 points ▸
- Founder, WALECKI Marek (comparant)
- Incorporation, “Level Up Projects” (deed in Dutch)
- Founding capital, €5,000
- Director appointment, WALECKI Marek (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen alsook alle daaruit voortvloeiende verplichtingen en alle handelingen gesteld door oprichter in naam en voor rekening van vennoots…” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 27 July 2022, Level Up Projects was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2024 the registered office moved to Wetteren - Korte Massemsesteenweg.3 WALECKI Marek has served as director since 2022.4 Turnover went from €637,515 in 2023 to €1.0m in 2025.5
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Emmanuel Hielstraat 66/B, 9200 Dendermonde until the act of 01-08-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
27 activities
- Metselwerk / Hoofdwerken ;
- Tegels leggen ;
- Pleisterwerk met gipsbasis ;
- Beton & Cementering ;
- Elektrische installatie;
- Gas, sanitair en loodgieters installatie voor residentieel en industrieel gebruik;
- Schilderen, behangen en vloerbedekking;
- Timmerwerk van alle categorieën;
- Beglazingswerkzaamheden;
- Sloopwerkzaamheden
- Sloopwerkzaamheden;
- Grondwerken en het leggen van dekvloeren;
- Sloopwerkzaamheden;
- Grond- en dekvloerwerkzaamheden;
- Gips- en gipsplatenbouw;
- Bouwwerkzaamheden aan verlaagde plafonds en verlaagde plafonds op metalen constructies;
- Installatie van alle soorten wand- en vloerbedekkingen;
- Installatiewerk voor alle soorten ramen en deuren;
- Dakbedekking werk voor platforms;
- Metalen en niet-metalen dakbedekkingen voor gebouwen;
- Waterdicht maken van gebouwen
- Waterdicht maken van gebouwen;
- Bouw en constructie van houten skeletten;
- Alle bouwwerkzaamheden en alle technische verrichtingen, van welke aard ook, betreffende de bouw, de verbouwing en de afwerking van onroerende goederen: de verbouwing en de inrichting van om het even welk gebouw en, in het bijzonder, de werkzaamheden van stoffeerders, wand- en vloerbekledingen, cementwerken, plafonds, metsel- en betonwerken, steenhouwers en marmerbewerkers, alsmede de installatie van centrale verwarming, gasverwarming door individuele toestellen, alle elektrische, sanitaire en loodgieterijbenodigdheden;
- Alle werkzaamheden voor de aanleg van speelplaatsen, sportvelden en parken, met inbegrip van de beplanting en het leggen van kabels en diverse leidingen;
- Het plaatsen van steigers en het reinigen van gevels, warmte- en geluidsisolatiewerkzaamheden, het uitdrogen van gebouwen anders dan met asfalt; de bouw van demonteerbare paviljoenen en niet-metalen barakken, het plaatsen van omheiningen, het aanbrengen van houten vloeren, scheidingswanden en verlaagde plafonds, het aanbrengen van luiken, P.V.C.-materiaal.
- Installatie van ventilatie- en beluchtingssystemen, heteluchtverwarming, airconditioning en industriële leidingen.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0788.948.510
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42303F0271/00H002 | Flanders | 353 m² | 1 · 155 m² | 11.3 m · 2 |
| 42021C0101/00D000 | Flanders | 329 m² | 1 · 93 m² | 13.1 m · 3 |