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UP ELEVATION

In bankruptcy Private limited companyfounded 2019Rue de l'Informatique 12, 4460 Grâce-HollogneKBO/BCE: BE 0734.921.092
UP ELEVATION
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Overview

Information for creditors

Enterprise Court of Liège, Liège division · Official Gazette of 27-09-2024
Appeal or third-party opposition 12-10-2024Filing the claim in RegSol 16-10-2024First verification report 31-10-2024Late claim 16-09-2025

Trustees: Laurent Stas De Richelle, Andre Renette. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

3 annual accounts with figures on one time axis
peak €169,120 (2021)
-€28,447▼ €197,567
lowest -€151,683 (2022)
-€151,683▼ €185,868
peak €27,120 (2021)
-€130,186▼ €157,305
€412,103▲ 115%
peak 1.3 FTE (2020)
-not published
Board1 name since 2019
- 
Documentsfilings and deeds
01-03-2024214 days late
2022micro format
Gross margin from €169,120 to -€28,447Loss of €151,683Equity from €27,120 to -€130,186Debts from €192,006 to €412,103Cash from €887 to €23,486

Key points

from the 2022 annual accounts, the last ones filed

Result

-€151,683 -€151,683
€34,2002021-€152,0002022

From profit to loss in 2022, after a profit of €34,185 in 2021.

Debts

€412,103 146% of the balance sheet
Financial debts 27%Suppliers 61%Taxes and wages 7%Other 5%

Of this, €396,284 falls due within a year.

Filings

3 annual accounts 2 late
AprilJune31 JulyOctober202020212022

The 2022 accounts came latest: 214 days after the end of the period.

No scoreTurnover not published (micro format)

Board and ownership

last known board
BN
BAGABO Nicolas
Director, last mentioned in 2019
  • BAGABO Nicolas 100 sharesdeed of 30-09-2019
Board & ownership

Recent changes

Bankruptcy published Enterprise Court of Liège, Liège division · judgment of 16-09-2024 · Bankruptcy
Registered office moved from Liège to Grâce-Hollogne New registered office: Rue de l'informatique 12/08, 4460 Grace-hollogne · Previous registered office: RENWA 2/02, 4000 LIEGE · Registered office clause: RENWA 2/02, 4000 LIEGE · Gazette deed
Incorporation Founding capital of €5,000, 100 shares · Founder: BAGABO Nicolas · Appointment: BAGABO Nicolas (director) · published on 30-09-2019 · Gazette deed
First establishment Rue de l'Informatique 12, Grâce-Hollogne
All 9 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 16-09-2024
Activity
Rental and leasing activitiesNACE 77320and 1 other
Establishment unit
2.295.315.3544460 Grâce-Hollogne, since 26-09-2019
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2022

-€28,447
€151,683
-€130,186
€281,917▲ 28.7%
Employeeson 31-12-2022
3
Filing
Filed on 01-03-2024
Financials

Insights on UP ELEVATION

Equity fell from €27,120 in 2021 to -€130,186 in 2022, while debts rose from €192,006 to €412,103.

On 16 September 2024 the court declared UP ELEVATION bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

micro format, filed on 01-03-2024, 214 days late
-€28,447
▼ €197,567
-€134,625
▼ €177,685
-€151,683
▼ €185,868
-€132,418
▼ €158,692
-46.2%
▼ 58.6 percentage points
0.67
▼ 0.53

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €281,917 on 31-12-2022
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with 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.

UP ELEVATION Middle half of the sector 80% of the sector Micro accounts in rental and leasing (NACE 77)

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

people who joined people who left

In 2022, 4 people joined and 4 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202220212020
Balance sheet: assets
20/58 281,917219,125106,357
20 --0
21/28 18,05256,83043,575
22/27 10,55256,83043,575
23 9,50818,88521,207
24 1,0433,61022,367
25 -34,334-
28 7,500--
29/58 263,866162,29662,783
3 -9,6600
30/36 -9,6600
40/41 240,337151,74953,174
40 209,76194,26933,945
41 30,57757,48019,229
54/58 23,4868879,104
490/1 42-505
Balance sheet: equity and liabilities
10/49 281,917219,125106,357
10/15 -130,18627,12022,934
10/11 5,0005,0005,000
100 --0
11 --5,000
1109/19 --5,000
14 -135,18622,12017,934
17/49 412,103192,00683,423
17 15,81953,28432,752
170/4 15,81953,28432,752
42/48 396,284136,02250,671
42 7,8849,0449,781
43 96,37941,432-
430/8 96,37941,432-
44 251,21144,31227,506
440/4 251,21144,31227,506
46 8,000--
45 29,81136,73413,384
450/3 16,65713,8225,599
454/9 13,15422,9127,784
47/48 3,0004,5000
492/3 -2,700-
Income statement
76A --4
9900 -28,447169,12054,431
62 88,96991,47122,388
630 5,62214,5347,468
640/8 11,58720,055945
9901 -134,62543,06023,630
75/76B 563,0650
75 563,0650
65/66B 17,1143,940437
65 17,0773,940437
66B 38-0
9903 -151,68342,18523,192
67/77 -8,0005,258
9904 -151,68334,18517,934
9905 -151,68334,18517,934
Appropriation of the result
9906 -135,18652,12017,934
14P 16,49717,934-
694/7 -30,000-
694 -30,000-
Social balance sheet
9087 1.8-1.3
Hours worked1013 2,240-272
Document PDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2022 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.

Financial year Type Filed Reference Document
31-12-2022 micro format 01-03-2024 2024-00038650 PDF
31-12-2021 micro format 31-10-2022 2022-20481794 PDF
31-12-2020 micro format 07-07-2021 2021-32200144 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202220212020
-129,00257,59531,098
-146,06148,72025,403
9,48743,34749,795
22,599-8,217-
-132,41826,27412,112
-46.2%12.4%21.6%
0.671.191.24
0.671.121.24
-7.083.64
-126.1%78.2%
-53.8%15.6%16.9%
-7.5514.62-

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

Item31-12-2022
Employees at the balance-sheet date3
full-time3
in full-time equivalents3
1.8
On a permanent contract1
Joined4
Left4

Source: social balance sheet in the 2022 annual accounts

Investments

fixed assets acquired
Item20222021
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).

Board & ownership

Curators

the curators have managed the company since 16-09-2024
Laurent Stas De Richelle
Curator, Rue Constantin De Gerlache 41, 4000 Liege 1
Also on 84 other cases
Andre renette
Curator, Rue MattéOtti 34, 4102 Ougree- liege.be
Also on 67 other cases

Mandates through the years

1 name, the dashed line is today
BAGABO Nicolas
Director (not named in the articles)
Earlierend not datedBankruptcy 16-09-2024
Mandates as a list
  • BAGABO Nicolas
    • Director (not named in the articles), appointed by deed of 30-09-2019, last mentioned in 2019

See the board, name and registered office on a given date →

Control

Founder
BAGABO Nicolas
This company
UP ELEVATION
Equity -€130,186
Loss €151,683 in 2022

Capital

Contribution
€5,000
Shares
100
Contribution per share
€50
Equity per share
-€1,302 in 2022
Source
deed of 30-09-2019

Articles of association

deed of 30-09-2019 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 30-09-2019 ↗

Office holders in the KBO →

Network & group

No group

UP ELEVATION has no parent and no holdings in its annual accounts.

Connections & network

See the function holders in the KBO register.

Timeline

Timeline

9 events since 2019
2024
Bankruptcy published Enterprise Court of Liège, Liège division · judgment of 16-09-2024
Annual accounts 2022 filed PDFmicro format · 214 days late
Registered office moved from Liège to Grâce-HollogneNew registered office: Rue de l'informatique 12/08, 4460 Grace-hollogne · Previous registered office: RENWA 2/02, 4000 LIEGE · Registered office clause: RENWA 2/02, 4000 LIEGE2 points ▸
  • Registered office clause, RENWA 2/02, 4000 LIEGE
  • Registered-office move, Rue de l'informatique 12/08, 4460 Grace-hollogne

Open the deed in the Belgian Official Gazette

2022
Weakest financial year net -€151,683 The net result drops to -€151,683, the lowest from 2020 to 2022.
Annual accounts 2021 filed PDFmicro format · 92 days late
2021
Highest result from 2020 to 2022 net €34,185 ▲90.6% The operating result of €43,060 and the net result of €34,185 are both a record.
Annual accounts 2020 filed PDFmicro format · 24 days before the deadline
2019
IncorporationFounding capital of €5,000, 100 shares · Founder: BAGABO Nicolas · Appointment: BAGABO Nicolas (director) · published on 30-09-20194 points ▸
  • Director appointment, BAGABO Nicolas (director (not named in the articles))
  • Registered office clause, Rue Renwa 2 Bte 0002, 4000 Liège
  • Founder, BAGABO Nicolas
  • Founding capital, €5,000, 100 shares
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

First establishment Rue de l'Informatique 12, Grâce-Hollogne

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

UP ELEVATION was incorporated on 26 September 2019 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Grâce-Hollogne in 2024.3 Total assets rose from €106,357 in 2020 to €281,917 in 2022 and headcount from 1.3 to 1.8 full-time equivalents.4 On 16 September 2024 the company was declared bankrupt.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-09-2019
  3. 3Belgian Official Gazette, 22-02-2024
  4. 4National Bank, annual accounts 2020 and 2022
  5. 5Belgian Official Gazette, 27-09-2024

Company details

Identity

Enterprise number
0734.921.092
VAT number
BE 0734.921.092
Legal form
Private limited company
Status
In bankruptcy, since 16-09-2024
Founded
26-09-2019
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
UP ELEVATION in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-09-2019 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 30-09-2019 (in French)

Activities

NACEBEL 2025
77320 Rental and leasing activities main activity
41001 General construction of residential buildings
Codes under NACEBEL 2008
77320 Rental and leasing activities main activity
41201 General construction of buildings
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'expertise immobilière; L'architecture d'intérieur; La rénovation et le ravalement de façade; La location ou mise en location d'échaudages…”
8 activities
  1. L'expertise immobilière
  2. L'architecture d'intérieur
  3. La rénovation et le ravalement de façade
  4. La location ou mise en location d'échaudages ainsi que leur montage
  5. Le nettoyage à la vapeur, le sablage et les activités analogues
  6. Le nettoyage de bâtiments et la remise en état des lieux après travaux
  7. La location avec opérateur de matériel de construction
  8. La location de chapiteaux, de châteaux gonflables, et l'organisation évènementielle y relative
deed of 30-09-2019 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de l'Informatique 12 registered office 4460 Grâce-Hollogne 26-09-2019 2.295.315.354
1 former office
  • Renwa 2/02, 4000 Liege until the deed of 22-02-2024

Location

registered office establishment approximate The establishment unit on the map

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