Scale-Ups.eu
ActiveSummary
Scale-Ups.eu has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €383,753 and a net result of -€112,939. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 8113 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-38
Solvency59▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 4.76 in 2023; short-term debt: 65.2% and cash: 17.8% of total assets), but 66.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.9%
Return on assets
-10%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
27 d early
2022
56 d early
2021
40 d early
2020
31 d late
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€383,753▼ 22.7%
2023 · €496,692
Total assets
€1.1m▼ 50.2%
2023 · €2.3m
Net result
-€112,939
2023 · €14,982
Working capital
€371,888▼ 79.1%
2023 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20202021202220232024
Operating result-€326,536▲ 76.7%€115,345€105,242▼ 8.8%€11,517▼ 89.1%-€98,053
Net result-€461,300below the sector's middle half▲ 67.4%€13,821within the sector's middle half€99,032within the sector's middle half▲ 617%€14,982within the sector's middle half▼ 84.9%-€112,939below the sector's middle half
Equity-€1.1mbelow the sector's middle half▼ 70.6%€382,679within the sector's middle half€481,710within the sector's middle half▲ 25.9%€496,692within the sector's middle half▲ 3.1%€383,753within the sector's middle half▼ 22.7%
Total assets€541,726within the sector's middle half▲ 69.8%€726,911within the sector's middle half▲ 34.2%€762,140within the sector's middle half▲ 4.8%€2.3mwithin the sector's middle half▲ 199%€1.1mwithin the sector's middle half▼ 50.2%
Debt€1.7m▲ 70.3%€344,232▼ 79.2%€280,430▼ 18.5%€1.8m▲ 534%€748,581▼ 57.9%
Working capital€353,791above the sector's middle half▲ 452%€489,099above the sector's middle half▲ 38.2%€570,070above the sector's middle half▲ 16.6%€1.8mabove the sector's middle half▲ 212%€371,888within the sector's middle half▼ 79.1%
Solvency-205.8%below the sector's middle half▼ 0.9pp52.6%within the sector's middle half▲ 258.5pp63.2%within the sector's middle half▲ 10.6pp21.8%below the sector's middle half▼ 41.4pp33.9%within the sector's middle half▲ 12.1pp
Current ratio2.90within the sector's middle half▲ 1.643.19within the sector's middle half▲ 0.294.23above the sector's middle half▲ 1.044.76above the sector's middle half▲ 0.531.50within the sector's middle half▼ 3.26
Return on assets (ROA)-85.2%below the sector's middle half▲ 358.6pp1.9%within the sector's middle half▲ 87.1pp13.0%within the sector's middle half▲ 11.1pp0.7%within the sector's middle half▼ 12.3pp-10.0%below the sector's middle half▼ 10.6pp
Staff (FTE)4within the sector's middle half▲ 300%4.3within the sector's middle half▲ 7.5%4.3within the sector's middle half=2.3within the sector's middle half▼ 46.5%2.5within the sector's middle half▲ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €98,053 after €11,517 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€21,866 ▲ 6.3%
Current assets
€1.1m ▼ 50.8%
Equity and liabilities €1.1m
Equity
€383,753 ▼ 22.7%
Debt
€748,581 ▼ 57.9%
Debt's share of the balance-sheet total falls from 78.2% to 66.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€94,734▼
2023 · €13,881
Cash flow
-€109,620▼
2023 · €17,346
Quick ratio
0.95▼
2023 · 3.52
Debt to equity
1.95▼
2023 · 3.58
ROE
-29.4%▼
2023 · 3.0%
Interest coverage
-6.55▼
2023 · 2.92
Debt ≤ 1 year
€738,581▲
2023 · €473,764
Income taxes
€2,373▲
2023 · €331
Staff costs
€118,546▼
2023 · €123,566
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 3,442 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €258,370 | €146,508 | €123,566 | €118,546 | ▼ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €782 | €1,039 | €990 | €2,364 | €3,319 | ▲ 40.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €486 | -€185 | €763 | ▲ 512% |
| Other operating charges640/8 | - | €665 | €33,805 | €632 | €689 | ▲ 9.0% |
| Non-recurring operating charges66A | - | €0 | €100 | €0 | - | - |
| Gross operating margin9900 | -€70,827 | €375,418 | €287,131 | €137,894 | €25,265 | ▼ 81.7% |
| Operating profit (loss)9901 | -€326,536 | €115,345 | €105,242 | €11,517 | -€98,053 | ▼ 951% |
| Financial income75/76B | - | €43 | €3,232 | €8,549 | €1,948 | ▼ 77.2% |
| Recurring financial income75 | €180 | €43 | €0 | €8,549 | €1,948 | ▼ 77.2% |
| Non-recurring financial income76B | - | €0 | €3,232 | €0 | - | - |
| Financial charges65/66B | - | €101,567 | €5,561 | €4,753 | €14,462 | ▲ 204% |
| Recurring financial charges65 | €34,967 | €32,629 | €5,561 | €4,753 | €14,462 | ▲ 204% |
| Non-recurring financial charges66B | - | €68,938 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€461,300 | €13,821 | €102,913 | €15,313 | -€110,566 | ▼ 822% |
| Income taxes67/77 | - | - | €3,881 | €331 | €2,373 | ▲ 616% |
| Profit (loss) for the period9904 | -€461,300 | €13,821 | €99,032 | €14,982 | -€112,939 | ▼ 854% |
| Profit (loss) for the period to be appropriated9905 | -€461,300 | €13,821 | €99,032 | €14,982 | -€112,939 | ▼ 854% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €541,726 | €726,911 | €762,140 | €2.3m | €1.1m | ▼ 50.2% |
| Fixed assets21/28 | €1,390 | €14,579 | €15,641 | €20,565 | €21,866 | ▲ 6.3% |
| Intangible fixed assets21 | - | - | - | €4,680 | €7,775 | ▲ 66.1% |
| Tangible fixed assets22/27 | €1,090 | €1,879 | €3,241 | €3,484 | €1,691 | ▼ 51.5% |
| Plant, machinery and equipment23 | - | €1,879 | €3,241 | €3,484 | €1,691 | ▼ 51.5% |
| Financial fixed assets28 | €300 | €12,700 | €12,400 | €12,400 | €12,400 | = |
| Current assets29/58 | €540,336 | €712,331 | €746,499 | €2.3m | €1.1m | ▼ 50.8% |
| Stocks and contracts in progress3 | - | - | - | €585,118 | €410,914 | ▼ 29.8% |
| Contracts in progress37 | - | - | - | €585,118 | €410,914 | ▼ 29.8% |
| Amounts receivable within one year40/41 | €208,584 | €186,758 | €294,205 | €617,401 | €494,820 | ▼ 19.9% |
| Trade receivables40 | - | €182,730 | €289,366 | €294,229 | €488,845 | ▲ 66.1% |
| Other amounts receivable41 | - | €4,029 | €4,838 | €323,172 | €5,975 | ▼ 98.2% |
| Current investments50/53 | - | - | - | €755,440 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €306,345 | €503,581 | €419,100 | €275,636 | €201,344 | ▼ 27.0% |
| Deferred charges and accrued income490/1 | - | €21,992 | €33,195 | €21,337 | €3,391 | ▼ 84.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €541,726 | €726,911 | €762,140 | €2.3m | €1.1m | ▼ 50.2% |
| Equity10/15 | -€1.1m | €382,679 | €481,710 | €496,692 | €383,753 | ▼ 22.7% |
| Contributions10/11 | €81,523 | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | - | €119,594 | €119,594 | €119,594 | €119,594 | = |
| Issued capital100 | - | €119,594 | €119,594 | €119,594 | €119,594 | = |
| Outside capital11 | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Share premium1100/10 | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | -€1.9m | -€1.9m | -€1.8m | -€1.7m | -€1.9m | ▼ 6.5% |
| Amounts payable17/49 | €1.7m | €344,232 | €280,430 | €1.8m | €748,581 | ▼ 57.9% |
| Amounts payable after more than one year17 | €1.4m | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €186,545 | €223,232 | €176,430 | €473,764 | €738,581 | ▲ 55.9% |
| Trade debts44 | €132,303 | €176,562 | €128,178 | €152,240 | €469,795 | ▲ 209% |
| Suppliers440/4 | - | €176,562 | €128,178 | €152,240 | €469,795 | ▲ 209% |
| Advances received on contracts in progress46 | - | - | - | €135,638 | €244,500 | ▲ 80.3% |
| Taxes, remuneration and social security45 | - | €17,140 | €18,722 | €185,407 | €24,286 | ▼ 86.9% |
| Taxes450/3 | - | €3,621 | €6,923 | €175,150 | €10,367 | ▼ 94.1% |
| Remuneration and social security454/9 | - | €13,519 | €11,799 | €10,257 | €13,919 | ▲ 35.7% |
| Other amounts payable47/48 | - | €29,530 | €29,530 | €479 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €121,000 | €104,000 | €1.3m | €10,000 | ▼ 99.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€461,300 | €13,821 | €99,032 | €14,982 | -€112,939 | ▼ 854% |
| + Depreciation and write-downs630 | €782 | €1,039 | €990 | €2,364 | €3,319 | ▲ 40.4% |
| Operating cash flow (approximation) | -€460,518 | €14,860 | €100,022 | €17,346 | -€109,620 | ▼ 732% |
| Investment in fixed assets (approximation) | - | -€14,229 | -€2,051 | -€7,288 | -€4,620 | ▲ 36.6% |
| Change in cash | - | €197,235 | -€84,481 | -€143,463 | -€74,292 | ▲ 48.2% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €99,032 ▲617%
Net result €99,032, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €13,821
Net result €13,821 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €382,679
Equity rises from -€1.1m to €382,679.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.90
Current ratio from 1.26 to 2.90; short-term debt falls from €249,395 to €186,545.
03-07
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 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Sint-Katelijne-Waver · 1 establishment unit since 2018
Ground area
7,499 m²
Building footprint
461 m²
Volume, LiDAR
979 m³
Parcel 12035E0322/00F003, Flanders · tallest building 17.4 m. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Scale-Ups.eu
since 20182.281.125.046
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035E0322/00F003 | Flanders | 7,499 m² | 1 · 461 m² | 17.4 m |
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
2 ownersChain of control
- JINVEST
- Scale-Ups.eu
Highest known parent: JINVEST. The sources do not say who stands above it.
Owners 2
- JINVESTparentSourceaccounts JINVEST 202551.02%
- 48.98%
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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 1,342,750 EUR awarded · 1,342,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 750 EUR | 67,000 EUR |
| 2024 | 1 | 0 EUR | 76,732 EUR |
| 2023 | 2 | 1,225,000 EUR | 1,099,018 EUR |
| 2022 | 2 | 117,000 EUR | 100,000 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500XB2R8VVI4TMF98
Similar companies · same sector, comparable size
FAMICO
BE 0446.612.249
Tielt · Eq €383,753
HCD Management
BE 0745.407.386
Ellezelles · Eq €383,786
PH DOMINUS
BE 0829.226.769
Londerzeel · Eq €383,807
CEMACO
BE 0698.608.747
Nazareth · Eq €383,821
KEYTEO
BE 0561.827.859
Elsene · Eq €383,677
Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 36,670 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
Founded21-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704873858
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.