UP MANAGEMENT
ActiveSummary
UP MANAGEMENT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €-257k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-13
Solvency77▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 3.32 in 2024; short-term debt: 43.1% and cash: 3.3% of total assets), and 48.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.7%
Return on assets
-12.2%
Age of the figures
9 mo
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 €-257k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 10 filingsDeviation from the deadline
2025
12 d late
2024
2 d early
2023
8 d late
2022
3 d late
2021
34 d early
2020
54 d early
2019
34 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-257k▼ 720%
2024 · €-31k
2018: €106k
2019: €59k▼ -44.0% vs 2018
2020: €-23k▼ -139% vs 2019
2021: €1.40M▲ +6180% vs 2020highest in 8 years
2022: €212k▼ -84.9% vs 2021
2023: €-36k▼ -117% vs 2022
2024: €-31k▲ +12.9% vs 2023
2025: €-257k▼ -720% vs 2024lowest in 8 years
2018 → 2025
Working capital
€771k▼ 48.0%
2024 · €1.48M
2018: €729k
2019: €759k▲ +4.1% vs 2018
2020: €470k▼ -38.1% vs 2019lowest in 8 years
2021: €2.36M▲ +402% vs 2020highest in 8 years
2022: €1.78M▼ -24.4% vs 2021
2023: €1.60M▼ -10.2% vs 2022
2024: €1.48M▼ -7.3% vs 2023
2025: €771k▼ -48.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.00M-€2.02M▲ 1.2%€1.89M▼ 6.7%€1.79M▼ 4.8%€1.09M▼ 39.4%
2021: €2.00M
2022: €2.02M▲ +1.2% vs 2021highest in 5 years
2023: €1.89M▼ -6.7% vs 2022
2024: €1.79M▼ -4.8% vs 2023
2025: €1.09M▼ -39.4% vs 2024lowest in 5 years
Operating result€1.95M-€23k▼ 98.8%€-32k€-28k▲ 12.0%€-225k▼ 692%
2021: €1.95Mhighest in 5 years
2022: €23k▼ -98.8% vs 2021
2023: €-32k▼ -242% vs 2022
2024: €-28k▲ +12.0% vs 2023
2025: €-225k▼ -692% vs 2024lowest in 5 years
Net result€1.40M-€212k▼ 84.9%€-36k€-31k▲ 12.9%€-257k▼ 720%
2021: €1.40Mhighest in 5 years
2022: €212k▼ -84.9% vs 2021
2023: €-36k▼ -117% vs 2022
2024: €-31k▲ +12.9% vs 2023
2025: €-257k▼ -720% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €225k in 2025 against €28k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.11M
Fixed assets
€428k ▼ 9.0%
Current assets
€1.68M ▼ 21.0%
Equity and liabilities €2.11M
Equity
€1.09M ▼ 39.4%
Debt
€1.02M ▲ 27.4%
Debt's share of the balance-sheet total rises from 30.8% to 48.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-199k▼
2024 · €-3k
Cash flow
€-231k▼
2024 · €-6k
Current ratio
1.85▼
2024 · 3.32
Debt to equity
0.94▲
2024 · 0.45
ROE
-23.6%▼
2024 · -1.7%
ROA
-12.2%▼
2024 · -1.2%
Interest coverage
-96.34▼
2024 · -1.12
Debt ≤ 1 year
€907k▲
2024 · €640k
Debt > 1 year
€111k▼
2024 · €159k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.59M€2.11M▼
Fixed assets21/28€470k€428k▼
Tangible fixed assets22/27€423k€410k▼
Land and buildings22€418k€408k▼
Plant, machinery and equipment23€0-
Other tangible fixed assets26€5k€2k▼
Financial fixed assets28€47k€18k▼
Current assets29/58€2.12M€1.68M▼
Amounts receivable after more than one year29€1.24M€1.04M▼
Trade receivables290€1.24M€1.04M▼
Amounts receivable within one year40/41€814k€572k▼
Trade receivables40€589k€540k▼
Other amounts receivable41€225k€32k▼
Cash at bank and in hand54/58€67k€70k▲
Deferred charges and accrued income490/1€179€190▲
Equity and liabilities
Total equity and liabilities10/49€2.59M€2.11M▼
Equity10/15€1.79M€1.09M▼
Contributions10/11€6k€6k=
Reserves13€1.64M€1.19M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.64M€1.19M▼
Profit (loss) carried forward14€145k€-112k▼
Amounts payable17/49€799k€1.02M▲
Amounts payable after more than one year17€159k€111k▼
Financial debts170/4€159k€111k▼
Amounts payable within one year42/48€640k€907k▲
Current portion of amounts payable after more than one year42€51k€48k▼
Trade debts44€484k€380k▼
Suppliers440/4€484k€380k▼
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€10k▲
Other amounts payable47/48€102k€469k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€28k€7k▼
Non-recurring operating charges66A-€178k
Gross operating margin9900€25k€-15k▼
Operating profit (loss)9901€-28k€-225k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€32k▲
Recurring financial charges65€3k€2k▼
Non-recurring financial charges66B-€29k
Profit (loss) for the period before taxes9903€-31k€-257k▼
Profit (loss) for the period9904€-31k€-257k▼
Profit (loss) for the period to be appropriated9905€-31k€-257k▼
Appropriation of the result
Profit (loss) to be appropriated9906€145k€-112k▼
Profit (loss) brought forward from the previous period14P€176k€145k▼
Transfer from equity791/2€59k€450k▲
Profit to be distributed694/7€59k€450k▲
Return on contributions (dividend)694€59k€450k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €255k | €-6k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €27k | €27k | €25k | €26k | ▲ 2.2% |
| Other operating charges640/8 | €9k | €171k | €28k | €28k | €7k | ▼ 76.1% |
| Non-recurring operating charges66A | - | - | - | - | €178k | - |
| Gross operating margin9900 | €2.24M | €216k | €23k | €25k | €-15k | ▼ 159% |
| Operating profit (loss)9901 | €1.95M | €23k | €-32k | €-28k | €-225k | ▼ 692% |
| Financial income75/76B | €100k | €220k | €9 | €0 | - | - |
| Recurring financial income75 | €100k | €220k | €9 | €0 | - | - |
| Financial charges65/66B | €12k | €8k | €4k | €3k | €32k | ▲ 990% |
| Recurring financial charges65 | €12k | €8k | €4k | €3k | €2k | ▼ 28.5% |
| Non-recurring financial charges66B | - | - | - | - | €29k | - |
| Profit (loss) for the period before taxes9903 | €2.03M | €235k | €-36k | €-31k | €-257k | ▼ 720% |
| Income taxes67/77 | €629k | €23k | €-339 | - | - | - |
| Profit (loss) for the period9904 | €1.40M | €212k | €-36k | €-31k | €-257k | ▼ 720% |
| Profit (loss) for the period to be appropriated9905 | €1.40M | €212k | €-36k | €-31k | €-257k | ▼ 720% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.16M | €3.33M | €2.95M | €2.59M | €2.11M | ▼ 18.8% |
| Fixed assets21/28 | €621k | €593k | €495k | €470k | €428k | ▼ 9.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €503k | €475k | €448k | €423k | €410k | ▼ 3.0% |
| Land and buildings22 | €491k | €466k | €441k | €418k | €408k | ▼ 2.5% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | €0 | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | €12k | €9k | €7k | €5k | €2k | ▼ 50.0% |
| Financial fixed assets28 | €118k | €118k | €47k | €47k | €18k | ▼ 62.6% |
| Current assets29/58 | €3.54M | €2.73M | €2.45M | €2.12M | €1.68M | ▼ 21.0% |
| Amounts receivable after more than one year29 | - | €1.72M | €1.51M | €1.24M | €1.04M | ▼ 16.6% |
| Trade receivables290 | - | €1.72M | €1.51M | €1.24M | €1.04M | ▼ 16.6% |
| Amounts receivable within one year40/41 | €3.41M | €962k | €806k | €814k | €572k | ▼ 29.7% |
| Trade receivables40 | €3.19M | €779k | €567k | €589k | €540k | ▼ 8.3% |
| Other amounts receivable41 | €220k | €183k | €239k | €225k | €32k | ▼ 85.7% |
| Cash at bank and in hand54/58 | €130k | €54k | €136k | €67k | €70k | ▲ 4.3% |
| Deferred charges and accrued income490/1 | €3k | €0 | - | €179 | €190 | ▲ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.16M | €3.33M | €2.95M | €2.59M | €2.11M | ▼ 18.8% |
| Equity10/15 | €2.00M | €2.02M | €1.89M | €1.79M | €1.09M | ▼ 39.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1.79M | €1.80M | €1.70M | €1.64M | €1.19M | ▼ 27.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €1.79M | €1.80M | €1.70M | €1.64M | €1.19M | ▼ 27.4% |
| Profit (loss) carried forward14 | €200k | €212k | €176k | €145k | €-112k | ▼ 177% |
| Amounts payable17/49 | €2.16M | €1.31M | €1.06M | €799k | €1.02M | ▲ 27.4% |
| Amounts payable after more than one year17 | €400k | €299k | €211k | €159k | €111k | ▼ 30.5% |
| Financial debts170/4 | €400k | €299k | €211k | €159k | €111k | ▼ 30.5% |
| Amounts payable within one year42/48 | €1.18M | €952k | €852k | €640k | €907k | ▲ 41.8% |
| Current portion of amounts payable after more than one year42 | €554k | €100k | €89k | €51k | €48k | ▼ 5.9% |
| Trade debts44 | €265k | €408k | €479k | €484k | €380k | ▼ 21.5% |
| Suppliers440/4 | €265k | €408k | €479k | €484k | €380k | ▼ 21.5% |
| Taxes, remuneration and social security45 | €318k | €167k | €37k | €2k | €10k | ▲ 382% |
| Taxes450/3 | €269k | €167k | €37k | €2k | €10k | ▲ 382% |
| Remuneration and social security454/9 | €48k | €0 | - | - | - | - |
| Other amounts payable47/48 | €45k | €276k | €248k | €102k | €469k | ▲ 358% |
| Accrued charges and deferred income492/3 | €581k | €54k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.40M | €212k | €-36k | €-31k | €-257k | ▼ 720% |
| + Depreciation and write-downs630 | €28k | €27k | €27k | €25k | €26k | ▲ 2.2% |
| Operating cash flow (approximation) | €1.43M | €239k | €-9k | €-6k | €-231k | ▼ 3,664% |
| Investment in fixed assets (approximation) | - | €50 | €71k | €0 | €16k | - |
| Change in cash | - | €-76k | €82k | €-68k | €3k | ▲ 104% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
31-12
Financial
Weakest financial yearnet €-257k
Net result drops to €-257k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial
Equity above €2MEq €2.02M ▲1.2%
2 profitable years in a row build equity to €2.02M.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.40M
Net result €1.40M after one loss-making year.
31-12
Financial
Equity above €1MEq €2.00M ▲218%
Equity rises from €628k to €2.00M.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
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, Liège · 1 establishment unit since 2002
Ground area
399 m²
Building footprint
111 m²
Volume, LiDAR
1,024 m³
Parcel 62802D0065/02G000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Henri-Vieuxtemps 33, 4000 Liège
since 20022.115.531.792
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62802D0065/02G000 | Wallonia | 399 m² | 1 · 111 m² | 11.0 m · 3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 26,915 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
Founded18-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.