UP ELEVATION
Annual accounts 2022
micro format, filed on 01-03-2024, 214 days lateTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €281,917 on 31-12-2022in euro
in euro
Position in the sector
-46.2%
Higher than 10% of 1,778 companies in 2022.
0.67
Higher than 30% of 1,703 companies in 2022.
-53.8%
Lower than 95% of 1,722 companies in 2022.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€49,427
Staff costs divided by the average number of full-time equivalents.
level
In 2022, 4 people joined and 4 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
281,917 | 219,125 | 106,357 | |
20 |
- | - | 0 | |
21/28 |
18,052 | 56,830 | 43,575 | |
22/27 |
10,552 | 56,830 | 43,575 | |
23 |
9,508 | 18,885 | 21,207 | |
24 |
1,043 | 3,610 | 22,367 | |
25 |
- | 34,334 | - | |
28 |
7,500 | - | - | |
29/58 |
263,866 | 162,296 | 62,783 | |
3 |
- | 9,660 | 0 | |
30/36 |
- | 9,660 | 0 | |
40/41 |
240,337 | 151,749 | 53,174 | |
40 |
209,761 | 94,269 | 33,945 | |
41 |
30,577 | 57,480 | 19,229 | |
54/58 |
23,486 | 887 | 9,104 | |
490/1 |
42 | - | 505 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
281,917 | 219,125 | 106,357 | |
10/15 |
-130,186 | 27,120 | 22,934 | |
10/11 |
5,000 | 5,000 | 5,000 | |
100 |
- | - | 0 | |
11 |
- | - | 5,000 | |
1109/19 |
- | - | 5,000 | |
14 |
-135,186 | 22,120 | 17,934 | |
17/49 |
412,103 | 192,006 | 83,423 | |
17 |
15,819 | 53,284 | 32,752 | |
170/4 |
15,819 | 53,284 | 32,752 | |
42/48 |
396,284 | 136,022 | 50,671 | |
42 |
7,884 | 9,044 | 9,781 | |
43 |
96,379 | 41,432 | - | |
430/8 |
96,379 | 41,432 | - | |
44 |
251,211 | 44,312 | 27,506 | |
440/4 |
251,211 | 44,312 | 27,506 | |
46 |
8,000 | - | - | |
45 |
29,811 | 36,734 | 13,384 | |
450/3 |
16,657 | 13,822 | 5,599 | |
454/9 |
13,154 | 22,912 | 7,784 | |
47/48 |
3,000 | 4,500 | 0 | |
492/3 |
- | 2,700 | - | |
| Income statement | ||||
76A |
- | - | 4 | |
9900 |
-28,447 | 169,120 | 54,431 | |
62 |
88,969 | 91,471 | 22,388 | |
630 |
5,622 | 14,534 | 7,468 | |
640/8 |
11,587 | 20,055 | 945 | |
9901 |
-134,625 | 43,060 | 23,630 | |
75/76B |
56 | 3,065 | 0 | |
75 |
56 | 3,065 | 0 | |
65/66B |
17,114 | 3,940 | 437 | |
65 |
17,077 | 3,940 | 437 | |
66B |
38 | - | 0 | |
9903 |
-151,683 | 42,185 | 23,192 | |
67/77 |
- | 8,000 | 5,258 | |
9904 |
-151,683 | 34,185 | 17,934 | |
9905 |
-151,683 | 34,185 | 17,934 | |
| Appropriation of the result | ||||
9906 |
-135,186 | 52,120 | 17,934 | |
14P |
16,497 | 17,934 | - | |
694/7 |
- | 30,000 | - | |
694 |
- | 30,000 | - | |
| Social balance sheet | ||||
9087 |
1.8 | - | 1.3 | |
Hours worked1013 |
2,240 | - | 272 | |
| Document | ||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 01-03-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank2022 annual accounts filed 214 days after the deadline. Filed on 1 March 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00038650.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| -129,002 | 57,595 | 31,098 | ||
| -146,061 | 48,720 | 25,403 | ||
| 9,487 | 43,347 | 49,795 | ||
| 22,599 | -8,217 | - | ||
| -132,418 | 26,274 | 12,112 | ||
| -46.2% | 12.4% | 21.6% | ||
| 0.67 | 1.19 | 1.24 | ||
| 0.67 | 1.12 | 1.24 | ||
| - | 7.08 | 3.64 | ||
| - | 126.1% | 78.2% | ||
| -53.8% | 15.6% | 16.9% | ||
| -7.55 | 14.62 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 3 |
| in full-time equivalents | 3 |
| 1.8 | |
| On a permanent contract | 1 |
| Joined | 4 |
| Left | 4 |
Source: social balance sheet in the 2022 annual accounts
Investments
fixed assets acquired| Item | 2022 | 2021 |
|---|---|---|
| Tangible fixed assets | €1,987 | €43,347 |
| Financial fixed assets | €7,500 | - |
| €5,622 | €14,534 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Insights on UP ELEVATION
The operating result for 2022 is a loss of €134,625, after a profit of €43,060 in 2021. It is the lowest result since 2020.
Equity is negative. Debt (€412,103) exceeds the balance-sheet total (€281,917).