SIDE UP
ActiveSummary
SIDE UP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,751 and a net result of -€2,183. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+55
Solvency100▲+35
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.14 against 1.57 in 2024; short-term debt: 22.9% and cash: 71% of total assets), and 22.9% 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○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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,183
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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
32 d early
2023
30 d late
2022
52 d early
2021
18 d late
2020
11 d late
2019
37 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 4 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 (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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€117,751▼ 1.8%
2024 · €119,934
Total assets
€152,758▼ 49.6%
2024 · €302,925
Net result
-€2,183▲ 87.4%
2024 · -€17,302
Working capital
€110,037▲ 6.0%
2024 · €103,763
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
Line20212022202320242025
Operating result€111,817▲ 0.5%€123,370▲ 10.3%€54,838▼ 55.6%-€24,964-€1,324▲ 94.7%
Net result€86,275▲ 3.3%€96,129▲ 11.4%€42,072▼ 56.2%-€17,302-€2,183▲ 87.4%
Equity€200,636▲ 30.1%€296,764▲ 47.9%€284,336▼ 4.2%€119,934▼ 57.8%€117,751▼ 1.8%
Total assets€263,021▼ 5.5%€321,815▲ 22.4%€331,680▲ 3.1%€302,925▼ 8.7%€152,758▼ 49.6%
Debt€62,386▼ 49.7%€25,050▼ 59.8%€47,344▲ 89.0%€182,991▲ 287%€35,007▼ 80.9%
Working capital€191,536▲ 34.2%€290,858▲ 51.9%€252,372▼ 13.2%€103,763▼ 58.9%€110,037▲ 6.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,324 in 2025 against €24,964 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,758
Fixed assets
€7,714 ▼ 52.3%
Current assets
€145,044 ▼ 49.4%
Equity and liabilities €152,758
Equity
€117,751 ▼ 1.8%
Debt
€35,007 ▼ 80.9%
Debt's share of the balance-sheet total falls from 60.4% to 22.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,133▲
2024 · -€9,171
Cash flow
€6,274▲
2024 · -€1,509
Current ratio
4.14▲
2024 · 1.57
Debt to equity
0.30▼
2024 · 1.53
ROE
-1.9%▲
2024 · -14.4%
ROA
-1.4%▲
2024 · -5.7%
Interest coverage
23.74▲
2024 · -34.58
Debt ≤ 1 year
€35,007▼
2024 · €182,991
Income taxes
€820▲
2024 · €748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 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
7.4%
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: 0.4% 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 497,058 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 3,440 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €250 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,444 | €6,032 | €9,418 | €15,793 | €8,457 | ▼ 46.5% |
| Other operating charges640/8 | €631 | €860 | €1,461 | €1,415 | €975 | ▼ 31.1% |
| Non-recurring operating charges66A | - | €1,500 | €0 | - | - | - |
| Gross operating margin9900 | €116,892 | €131,762 | €65,967 | -€7,755 | €8,108 | ▲ 205% |
| Operating profit (loss)9901 | €111,817 | €123,370 | €54,838 | -€24,964 | -€1,324 | ▲ 94.7% |
| Financial income75/76B | - | €1,109 | €68 | €8,675 | €261 | ▼ 97.0% |
| Recurring financial income75 | - | €1,109 | €68 | €8,675 | €261 | ▼ 97.0% |
| Financial charges65/66B | €371 | €263 | €244 | €265 | €301 | ▲ 13.3% |
| Recurring financial charges65 | €371 | €263 | €244 | €265 | €301 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €111,446 | €124,216 | €54,662 | -€16,554 | -€1,363 | ▲ 91.8% |
| Income taxes67/77 | €25,172 | €28,088 | €12,591 | €748 | €820 | ▲ 9.6% |
| Profit (loss) for the period9904 | €86,275 | €96,129 | €42,072 | -€17,302 | -€2,183 | ▲ 87.4% |
| Profit (loss) for the period to be appropriated9905 | €86,275 | €96,129 | €42,072 | -€17,302 | -€2,183 | ▲ 87.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €263,021 | €321,815 | €331,680 | €302,925 | €152,758 | ▼ 49.6% |
| Fixed assets21/28 | €9,099 | €5,906 | €31,964 | €16,171 | €7,714 | ▼ 52.3% |
| Tangible fixed assets22/27 | €9,099 | €5,906 | €25,964 | €10,171 | €1,714 | ▼ 83.1% |
| Furniture and vehicles24 | €2,896 | €2,902 | €22,460 | €8,071 | €214 | ▼ 97.4% |
| Other tangible fixed assets26 | €6,204 | €3,004 | €3,504 | €2,100 | €1,500 | ▼ 28.6% |
| Financial fixed assets28 | - | - | €6,000 | €6,000 | €6,000 | = |
| Current assets29/58 | €253,922 | €315,908 | €299,716 | €286,754 | €145,044 | ▼ 49.4% |
| Amounts receivable within one year40/41 | €2,291 | €921 | €48,552 | €46,004 | €36,000 | ▼ 21.7% |
| Trade receivables40 | €1,323 | €0 | - | - | - | - |
| Other amounts receivable41 | €969 | €921 | €48,552 | €46,004 | €36,000 | ▼ 21.7% |
| Current investments50/53 | - | - | €200,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €250,949 | €313,800 | €49,902 | €239,912 | €108,414 | ▼ 54.8% |
| Deferred charges and accrued income490/1 | €682 | €1,187 | €1,262 | €839 | €631 | ▼ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €263,021 | €321,815 | €331,680 | €302,925 | €152,758 | ▼ 49.6% |
| Equity10/15 | €200,636 | €296,764 | €284,336 | €119,934 | €117,751 | ▼ 1.8% |
| Contributions10/11 | €12,400 | €12,400 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €186,381 | €282,509 | €277,481 | €113,079 | €110,896 | ▼ 1.9% |
| Amounts payable17/49 | €62,386 | €25,050 | €47,344 | €182,991 | €35,007 | ▼ 80.9% |
| Amounts payable within one year42/48 | €62,386 | €25,050 | €47,344 | €182,991 | €35,007 | ▼ 80.9% |
| Financial debts43 | €112 | €0 | - | - | - | - |
| Credit institutions430/8 | €112 | €0 | - | - | - | - |
| Trade debts44 | €2,865 | €681 | €244 | €7,012 | €132 | ▼ 98.1% |
| Suppliers440/4 | €2,865 | €681 | €244 | €7,012 | €132 | ▼ 98.1% |
| Taxes, remuneration and social security45 | €18,157 | €21,566 | €0 | €6,303 | €7,251 | ▲ 15.0% |
| Taxes450/3 | €18,157 | €21,566 | €0 | €6,303 | €7,251 | ▲ 15.0% |
| Other amounts payable47/48 | €41,251 | €2,804 | €47,100 | €169,676 | €27,624 | ▼ 83.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,275 | €96,129 | €42,072 | -€17,302 | -€2,183 | ▲ 87.4% |
| + Depreciation and write-downs630 | €4,444 | €6,032 | €9,418 | €15,793 | €8,457 | ▼ 46.5% |
| Operating cash flow (approximation) | €90,719 | €102,160 | €51,489 | -€1,509 | €6,274 | ▲ 516% |
| Investment in fixed assets (approximation) | - | -€2,838 | -€35,476 | €0 | €0 | - |
| Change in cash | - | €62,850 | -€263,898 | €190,010 | -€131,498 | ▼ 169% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 4.14
Current ratio from 1.57 to 4.14; short-term debt falls from €182,991 to €35,007.
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€17,302
Net result drops to -€17,302, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €96,129 ▲11.4%
Operating result €123,370, net result €96,129, both a record.
31-12
Financial
Liquidity triplescurrent ratio 12.61
Current ratio from 4.07 to 12.61; short-term debt falls from €62,386 to €25,050.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Equity above €200,000Eq €200,636 ▲30.1%
4 profitable years in a row build equity to €200,636.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Equity above €150,000Eq €154,265 ▲27.8%
3 profitable years in a row build equity to €154,265.
Show earlier events
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €120,728 ▲170%
2 profitable years in a row build equity to €120,728.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Anderlecht · 1 establishment unit since 2017
Ground area
263 m²
Building footprint
156 m²
Volume, LiDAR
1,605 m³
2 parcels, Brussels · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SIDE UP
since 20172.266.295.132
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0108/00E002 | Brussels | 180 m² | 1 · 89 m² | 13.1 m · 3 fl. |
| 21308H0603/00S000 | Brussels | 83 m² | 1 · 67 m² | 13.5 m · 4 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,846 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
Founded13-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678548553
Also
9925:BE0678548553
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.