STRAIGHTUP PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of STRAIGHTUP PROJECT is 1.9% (moderate). The 2025 annual accounts show negative equity (-€1,343) and a net result of €6,001. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 18973 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency7▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 0.37 in 2024; short-term debt: 118.5% and cash: 32.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
-18.5%
Return on assets
82.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 18973 sector peers (2025).
NBB · sector comparisonPosition among 18973 sector peers
Solvency
better than 17%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
20 d early
2023
19 d early
2022
41 d late
2021
87 d late
2020
32 d late
2019
103 d late
← 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 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 15 July (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,001
2024 · -€3,178
Working capital
-€3,333▲ 47.8%
2024 · -€6,389
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,507▲ 80.6%€4,675€758▼ 83.8%-€2,260€3,668
Net result-€2,022below the sector's middle half▲ 75.0%€3,919within the sector's middle half-€37within the sector's middle half-€3,178within the sector's middle half▼ 8,576%€6,001within the sector's middle half
Equity-€8,048below the sector's middle half▼ 33.6%-€4,129below the sector's middle half▲ 48.7%-€4,166below the sector's middle half▼ 0.9%-€7,344below the sector's middle half▼ 76.3%-€1,343below the sector's middle half▲ 81.7%
Total assets€4,799below the sector's middle half▼ 46.2%€9,751below the sector's middle half▲ 103%€8,161below the sector's middle half▼ 16.3%€6,450below the sector's middle half▼ 21.0%€7,268below the sector's middle half▲ 12.7%
Debt€12,847▼ 14.0%€13,880▲ 8.0%€12,327▼ 11.2%€13,794▲ 11.9%€8,611▼ 37.6%
Working capital-€7,544within the sector's middle half▼ 26.5%-€3,156within the sector's middle half▲ 58.2%-€5,798within the sector's middle half▼ 83.7%-€6,389within the sector's middle half▼ 10.2%-€3,333within the sector's middle half▲ 47.8%
Solvency-42.3%below the sector's middle half-51.0%below the sector's middle half▼ 8.7pp-113.9%below the sector's middle half▼ 62.8pp-18.5%below the sector's middle half▲ 95.4pp
Current ratio0.75below the sector's middle half0.45below the sector's middle half▼ 0.300.37below the sector's middle half▼ 0.080.61below the sector's middle half▲ 0.24
Return on assets (ROA)40.2%above the sector's middle half-0.4%within the sector's middle half▼ 40.6pp-49.3%below the sector's middle half▼ 48.8pp82.6%above the sector's middle half▲ 131.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,668 after a loss of €2,260 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,268
Fixed assets
€1,990 ▼ 25.5%
Current assets
€5,278 ▲ 39.7%
Equity and liabilities
Equity-€1,343
Debt€8,611
Equity is negative: debt (€8,611) exceeds the balance-sheet total (€7,268).
Key figures and ratios
EBITDA
€4,350▲
2024 · -€1,578
Cash flow
€6,683▲
2024 · -€2,496
Interest coverage
28.25▲
2024 · -1.72
Debt ≤ 1 year
€8,611▼
2024 · €10,167
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,632 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49 | - | €179 | €682 | €682 | = |
| Other operating charges640/8 | €541 | €584 | €568 | €627 | €54 | ▼ 91.4% |
| Gross operating margin9900 | -€917 | €5,259 | €1,505 | -€951 | €4,404 | ▲ 563% |
| Operating profit (loss)9901 | -€1,507 | €4,675 | €758 | -€2,260 | €3,668 | ▲ 262% |
| Financial income75/76B | €72 | - | €5 | €1 | €2,487 | ▲ 248,600% |
| Recurring financial income75 | €72 | - | €5 | €1 | €2,487 | ▲ 248,600% |
| Financial charges65/66B | €587 | €756 | €799 | €919 | €154 | ▼ 83.2% |
| Recurring financial charges65 | €587 | €756 | €799 | €919 | €154 | ▼ 83.2% |
| Profit (loss) for the period before taxes9903 | -€2,022 | €3,919 | -€37 | -€3,178 | €6,001 | ▲ 289% |
| Profit (loss) for the period9904 | -€2,022 | €3,919 | -€37 | -€3,178 | €6,001 | ▲ 289% |
| Profit (loss) for the period to be appropriated9905 | -€2,022 | €3,919 | -€37 | -€3,178 | €6,001 | ▲ 289% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,799 | €9,751 | €8,161 | €6,450 | €7,268 | ▲ 12.7% |
| Fixed assets21/28 | €123 | €123 | €3,354 | €2,672 | €1,990 | ▼ 25.5% |
| Tangible fixed assets22/27 | €0 | - | €3,231 | €2,549 | €1,867 | ▼ 26.8% |
| Furniture and vehicles24 | - | - | €3,231 | €2,549 | €1,867 | ▼ 26.8% |
| Financial fixed assets28 | €123 | €123 | €123 | €123 | €123 | = |
| Current assets29/58 | €4,676 | €9,628 | €4,807 | €3,778 | €5,278 | ▲ 39.7% |
| Amounts receivable within one year40/41 | €3,657 | €2,389 | €3,052 | €2,641 | €2,947 | ▲ 11.6% |
| Trade receivables40 | €3,352 | €2,389 | €2,240 | €1,902 | €1,600 | ▼ 15.9% |
| Other amounts receivable41 | €305 | - | €812 | €739 | €1,347 | ▲ 82.3% |
| Cash at bank and in hand54/58 | €973 | €7,239 | €1,755 | €1,137 | €2,331 | ▲ 105% |
| Deferred charges and accrued income490/1 | €46 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,799 | €9,751 | €8,161 | €6,450 | €7,268 | ▲ 12.7% |
| Equity10/15 | -€8,048 | -€4,129 | -€4,166 | -€7,344 | -€1,343 | ▲ 81.7% |
| Contributions10/11 | €36,620 | €36,620 | €36,620 | €36,620 | €36,620 | = |
| Profit (loss) carried forward14 | -€44,668 | -€40,749 | -€40,786 | -€43,964 | -€37,963 | ▲ 13.6% |
| Amounts payable17/49 | €12,847 | €13,880 | €12,327 | €13,794 | €8,611 | ▼ 37.6% |
| Amounts payable within one year42/48 | €12,220 | €12,784 | €10,605 | €10,167 | €8,611 | ▼ 15.3% |
| Trade debts44 | €1,682 | €271 | €1,115 | €575 | €119 | ▼ 79.3% |
| Suppliers440/4 | €1,682 | €271 | €1,115 | €575 | €119 | ▼ 79.3% |
| Taxes, remuneration and social security45 | - | €41 | - | - | - | - |
| Taxes450/3 | - | €41 | - | - | - | - |
| Other amounts payable47/48 | €10,538 | €12,472 | €9,490 | €9,592 | €8,492 | ▼ 11.5% |
| Accrued charges and deferred income492/3 | €627 | €1,096 | €1,722 | €3,627 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,022 | €3,919 | -€37 | -€3,178 | €6,001 | ▲ 289% |
| + Depreciation and write-downs630 | €49 | - | €179 | €682 | €682 | = |
| Operating cash flow (approximation) | -€1,973 | €3,919 | €143 | -€2,496 | €6,683 | ▲ 368% |
| Investment in fixed assets (approximation) | - | €0 | -€3,410 | -€0 | €0 | ▲ 100% |
| Change in cash | - | €6,266 | -€5,484 | -€618 | €1,194 | ▲ 293% |
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
20-07
State Gazette act
Resignations: Boudoukhane Mehdi (manager) and Pirlot Yunus (manager)Appointment: Willems Julien (manager)4 facts ▸
State Gazette act
Resignations: Boudoukhane Mehdi (manager) and Pirlot Yunus (manager)
Appointment: Willems Julien (manager)4 facts ▸
- General meeting, 24-01-2026
- Director resignation, Boudoukhane Mehdi (manager)
- Director resignation, Pirlot Yunus (manager)
- Director appointment, Willems Julien (manager)
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €6,001
Net result €6,001 after 2 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 41 days late
2022
31-12
Financial
Back to profitnet €3,919
Net result €3,919 after 4 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 32 days late
2020
31-12
Financial
Weakest financial yearnet -€8,101
Net result drops to -€8,101, the lowest in the series; recovery starts the following year.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 132 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Willems Julien
CurrentManager · since 24-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2015
Ground area
389 m²
Building footprint
137 m²
Volume, LiDAR
1,593 m³
Parcel 21908E0245/00B003, Brussels · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Straightup
since 20152.243.156.375
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0245/00B003 | Brussels | 389 m² | 1 · 137 m² | 18.1 m · 4 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.
Mandate history
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Willems Julien |
|
| Boudoukhane Mehdi |
|
| Pirlot Yunus |
|
Articles of association
Other statement
Démission du gérant
Le procès-verbal est signé par les membres du bureau et par les autres personnes présentes qui désirent signer
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Director
Shareholding
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,927 companies in this sector we hold annual accounts for 2,195. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded23-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
59113Video and film production, excluding cinema and television films
59201Sound recording
59202Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
59209Motion picture, video and television programme production, sound recording and music publishing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0632682302
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.