Summary
Rev-Up is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €136.8m and a net result of -€1.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 2445 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €136.8m
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 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
7 d early
2021
31 d early
2020
25 d early
2019
25 d early
← 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 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#5 company by equity in Leuven, Finance and insurance sector#9 company by total assets in Leuven, Finance and insurance sector
Equity
€136.8m▲ 26.0%
2024 · €108.6m
Net result
-€1.1m▼ 206%
2024 · -€349,419
Total assets
€142.4m▲ 26.9%
2024 · €112.2m
Solvency
96.1%▼ 0.7pp
2024 · 96.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€691,000€834,898▲ 20.8%
Operating result-€35,592▼ 131%-€274,474▼ 671%-€326,420▼ 18.9%€45,205-€806,315
Net result€1.9mabove the sector's middle half€987,645above the sector's middle half▼ 48.3%€3.1mabove the sector's middle half▲ 216%-€349,419below the sector's middle half-€1.1mbelow the sector's middle half▼ 206%
Equity€6.8mabove the sector's middle half▲ 39.3%€7.7mabove the sector's middle half▲ 14.6%€109.0mabove the sector's middle half▲ 1,306%€108.6mabove the sector's middle half▼ 0.3%€136.8mabove the sector's middle half▲ 26.0%
Total assets€10.4mabove the sector's middle half▲ 11.3%€10.2mabove the sector's middle half▼ 2.5%€111.9mabove the sector's middle half▲ 1,001%€112.2mabove the sector's middle half▲ 0.3%€142.4mabove the sector's middle half▲ 26.9%
Debt€3.7m▼ 18.8%€2.4m▼ 34.1%€2.9m▲ 21.8%€3.6m▲ 21.9%€5.6m▲ 56.1%
Working capital€160,296within the sector's middle half€502,402above the sector's middle half▲ 213%€556,125above the sector's middle half▲ 10.7%€522,160within the sector's middle half▼ 6.1%-€422,884within the sector's middle half
Solvency64.9%within the sector's middle half▲ 13.0pp76.2%within the sector's middle half▲ 11.4pp97.4%above the sector's middle half▲ 21.1pp96.8%above the sector's middle half▼ 0.6pp96.1%above the sector's middle half▼ 0.7pp
Current ratio1.13within the sector's middle half▲ 0.881.77within the sector's middle half▲ 0.652.21within the sector's middle half▲ 0.441.66within the sector's middle half▼ 0.550.84within the sector's middle half▼ 0.82
Return on assets (ROA)18.3%above the sector's middle half▲ 19.1pp9.7%within the sector's middle half▼ 8.6pp2.8%within the sector's middle half▼ 6.9pp-0.3%below the sector's middle half▼ 3.1pp-0.8%below the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €806,315 after €45,205 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142.4m
Fixed assets
€140.2m ▲ 26.4%
Current assets
€2.3m ▲ 72.1%
Equity and liabilities €142.4m
Equity
€136.8m ▲ 26.0%
Debt
€5.6m ▲ 56.1%
Debt's share of the balance-sheet total rises from 3.2% to 3.9%. Equity and debt are higher.
Key figures and ratios
ROE
-0.8%▼
2024 · -0.3%
Debt ≤ 1 year
€2.7m▲
2024 · €787,888
Debt > 1 year
€2.9m▲
2024 · €2.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €691,000 | €834,943 | ▲ 20.8% |
| Turnover70 | - | - | - | €691,000 | €834,898 | ▲ 20.8% |
| Other operating income74 | - | - | - | - | €45 | - |
| Operating charges60/66A | - | - | - | €645,795 | €1.6m | ▲ 154% |
| Services and other goods61 | - | - | - | €643,667 | €1.6m | ▲ 155% |
| Other operating charges640/8 | €1,052 | €35,983 | €412 | €2,128 | €1,148 | ▼ 46.1% |
| Gross operating margin9900 | -€34,540 | -€238,491 | -€326,008 | - | - | - |
| Operating profit (loss)9901 | -€35,592 | -€274,474 | -€326,420 | €45,205 | -€806,315 | ▼ 1,884% |
| Financial income75/76B | €2.0m | €1.3m | €3.8m | - | - | - |
| Recurring financial income75 | €2.0m | €1.3m | €3.8m | - | - | - |
| Financial charges65/66B | €55,601 | €37,881 | €337,621 | €394,624 | €262,254 | ▼ 33.5% |
| Recurring financial charges65 | €55,601 | €37,881 | €337,621 | €394,624 | €262,254 | ▼ 33.5% |
| Other financial charges652/9 | - | - | - | €394,624 | €262,254 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | €1.9m | €987,645 | €3.1m | -€349,419 | -€1.1m | ▼ 206% |
| Profit (loss) for the period9904 | €1.9m | €987,645 | €3.1m | -€349,419 | -€1.1m | ▼ 206% |
| Profit (loss) for the period to be appropriated9905 | €1.9m | €987,645 | €3.1m | -€349,419 | -€1.1m | ▼ 206% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.4m | €10.2m | €111.9m | €112.2m | €142.4m | ▲ 26.9% |
| Fixed assets21/28 | €9.0m | €9.0m | €110.9m | €110.9m | €140.2m | ▲ 26.4% |
| Financial fixed assets28 | €9.0m | €9.0m | €110.9m | €110.9m | €140.2m | ▲ 26.4% |
| Affiliated companies280/1 | - | - | - | €110.9m | €140.2m | ▲ 26.4% |
| Participating interests280 | - | - | - | €110.9m | €140.2m | ▲ 26.4% |
| Other financial fixed assets284/8 | - | - | - | - | €327 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €327 | - |
| Current assets29/58 | €1.4m | €1.2m | €1.0m | €1.3m | €2.3m | ▲ 72.1% |
| Amounts receivable within one year40/41 | €169,156 | €661,457 | €991,655 | €1.2m | €2.2m | ▲ 81.2% |
| Trade receivables40 | €9,438 | - | €354,474 | €1.1m | €2.0m | ▲ 93.1% |
| Other amounts receivable41 | €159,718 | €661,457 | €637,181 | €153,485 | €153,075 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €1.2m | €489,932 | €22,304 | €13,441 | €16,997 | ▲ 26.5% |
| Deferred charges and accrued income490/1 | - | - | €741 | €90,732 | €52,677 | ▼ 41.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.4m | €10.2m | €111.9m | €112.2m | €142.4m | ▲ 26.9% |
| Equity10/15 | €6.8m | €7.7m | €109.0m | €108.6m | €136.8m | ▲ 26.0% |
| Contributions10/11 | €5.0m | €5.0m | €103.1m | €103.1m | €132.4m | ▲ 28.4% |
| Capital10 | €5.0m | €5.0m | €103.1m | €103.1m | €132.4m | ▲ 28.4% |
| Issued capital100 | €5.0m | €5.0m | €103.1m | €103.1m | €132.4m | ▲ 28.4% |
| Reserves13 | €95,440 | €144,822 | €769,405 | €769,405 | €769,405 | = |
| Non-distributable reserves130/1 | €95,440 | €144,822 | €769,405 | €769,405 | €769,405 | = |
| Legal reserve130 | €95,440 | €144,822 | €769,405 | €769,405 | €769,405 | = |
| Profit (loss) carried forward14 | €1.7m | €2.6m | €5.1m | €4.8m | €3.7m | ▼ 22.5% |
| Amounts payable17/49 | €3.7m | €2.4m | €2.9m | €3.6m | €5.6m | ▲ 56.1% |
| Amounts payable after more than one year17 | €2.4m | €1.8m | €2.4m | €2.8m | €2.9m | ▲ 4.3% |
| Financial debts170/4 | €2.4m | €1.8m | - | - | - | - |
| Other amounts payable178/9 | - | - | €2.4m | €2.8m | €2.9m | ▲ 4.3% |
| Amounts payable within one year42/48 | €1.3m | €648,987 | €458,575 | €787,888 | €2.7m | ▲ 240% |
| Current portion of amounts payable after more than one year42 | €636,823 | €645,538 | - | - | - | - |
| Trade debts44 | €52,691 | €3,449 | €458,575 | €391,739 | €1.6m | ▲ 296% |
| Suppliers440/4 | €52,691 | €3,449 | €458,575 | €391,739 | €1.6m | ▲ 296% |
| Other amounts payable47/48 | €564,795 | - | - | €396,149 | €1.1m | ▲ 184% |
| Accrued charges and deferred income492/3 | - | - | €34,879 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.9m | €987,645 | €3.1m | -€349,419 | -€1.1m | ▼ 206% |
| Operating cash flow (approximation) | €1.9m | €987,645 | €3.1m | -€349,419 | -€1.1m | ▼ 206% |
| Investment in fixed assets (approximation) | - | -€0 | -€101.9m | €0 | -€29.3m | - |
| Change in cash | - | -€755,517 | -€467,628 | -€8,863 | €3,556 | ▲ 140% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €3.1m ▲216%
Net result €3.1m, the highest in the series.
31-12
Financial
Equity above €100mEq €109.0m ▲1,306%
3 profitable years in a row build equity to €109.0m.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.9m
Net result €1.9m after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.13
Current ratio from 0.25 to 1.13; short-term debt falls from €1.5m to €1.3m.
31-12
Financial
Equity above €5mEq €6.8m ▲39.3%
Equity rises from €4.9m to €6.8m.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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
26 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, Leuven · 1 establishment unit since 2019
Ground area
6,606 m²
Building footprint
2,028 m²
Volume, LiDAR
47,312 m³
Parcel 24433E0025/00C002, Flanders · tallest building 32.1 m, ±9 floors. Linked by address, not a title deed.
136
companies at this address
See who is registered here
1 establishment unit
Rev-Up
since 20192.285.592.687
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0025/00C002 | Flanders | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 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.
Structure & network
Owners and holdings
1 holding · 6 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
StepUp RGM 100%5 subsidiaries
- StepUp USAUS 100%
- Xtel FranceFR 100%
- Xtel ItalyIT 100%
- Xtel SpainES 100%
- Xtel UKGB 100%
According to the 2025 annual accounts of Rev-Up and those 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
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 1,521 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0720535004
Also
9925:BE0720535004
Registered
16-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.