UP-nxt
ActiveSummary
The computed 12-month bankruptcy probability of UP-nxt is 2.4% (moderate). The 2025 annual accounts show negative equity (-€48.4m) and a net result of -€19.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 1599 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
- Staff
- 35.2 FTE
- Equity
- -€48.4m
- Loss
- -€19.3m
- Parent
- Banqup Group · 64.82%
- Board
- 1 member
- Holdings
- 1
Why 50- Negative equity -€48.4m- Loss of €19.3m, the second in a row (FY 2025)- Liquidity: current ratio 0.09, cash €5,235, halved+ Sector Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Negative equity -€48.4m raises the probability
- Loss of €19.3m, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 0.09, cash €5,235, halved raises the probability
- Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, small). Better than this share of them on solvency 3%, liquidity 1%, profitability 4%, growth against the median 53%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
- Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Amandine Desmedt
- Resignation: Beco Global Consulting LLC (director)Appointment: FootPrints BV (director) ·…
- Annual accounts filedfiscal year 2025 · full…
Financials · fiscal year 2025, full schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €16.7m in 2025 against €12.4m in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Point at or tap 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 62, Computer programming, consultancy and related activities, 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), Staff (FTE).
- 2023 Staff (FTE) -67% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,450 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 598 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €13.1m | €15.8m | €22.2m | ▲ 40.0% |
| Turnover70 | - | - | - | - | - | €5.7m | €3.9m | €13.3m | ▲ 236% |
| Own construction capitalised72 | - | - | - | - | - | €7.0m | €8.4m | €8.6m | ▲ 2.5% |
| Other operating income74 | - | - | - | - | - | €0.4m | €0.3m | €0.3m | ▲ 9.6% |
| Non-recurring operating income76A | - | - | - | - | €1.0m | €0.002m | €3.2m | - | - |
| Operating charges60/66A | - | - | - | - | - | €28.1m | €28.3m | €38.9m | ▲ 37.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €0.1m | €0.3m | €6.4m | ▲ 1,793% |
| Purchases600/8 | - | - | - | - | - | - | - | €6.4m | - |
| Services and other goods61 | - | - | - | - | - | €16.6m | €16.3m | €20.0m | ▲ 22.5% |
| Remuneration, social security and pensions62 | - | - | - | €7.2m | €8.8m | €2.9m | €2.2m | €3.4m | ▲ 53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.5m | €0.6m | €0.7m | €7.3m | €8.2m | €9.2m | €8.8m | ▼ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.007m | -€0.02m | - | €0.002m | - |
| Other operating charges640/8 | - | - | - | €0.3m | €0.5m | €0.2m | €0.2m | €0.3m | ▲ 55.1% |
| Non-recurring operating charges66A | - | - | - | - | €2.2m | - | - | - | - |
| Gross operating margin9900 | €3.2m | €1.4m | €4.6m | €6.3m | €12.2m | - | - | - | - |
| Operating profit (loss)9901 | €0.5m | -€2.7m | -€3.2m | -€2.0m | -€6.6m | -€15.0m | -€12.4m | -€16.7m | ▼ 34.7% |
| Financial income75/76B | - | - | - | €29 | €0.1m | - | - | €0.005m | - |
| Recurring financial income75 | €0.002m | €0.003m | €0.002m | €29 | €0.1m | €0.005m | €0.001m | €0.005m | ▲ 437% |
| Other financial income752/9 | - | - | - | - | - | €0.005m | €0.001m | €0.005m | ▲ 437% |
| Financial charges65/66B | - | - | - | €0.4m | €0.8m | €2.5m | €3.0m | €3.0m | ▼ 0.7% |
| Recurring financial charges65 | €0.08m | €0.07m | €0.3m | €0.4m | €0.8m | €2.5m | €3.0m | €3.0m | ▼ 0.7% |
| Debt charges650 | - | - | - | - | - | €2.5m | €3.0m | €3.0m | ▼ 1.0% |
| Other financial charges652/9 | - | - | - | - | - | €0.03m | €0.004m | €0.01m | ▲ 152% |
| Profit (loss) for the period before taxes9903 | €0.5m | -€2.8m | -€3.5m | -€2.3m | -€7.4m | -€17.5m | -€15.4m | -€19.7m | ▼ 27.7% |
| Income taxes67/77 | €0.03m | €0.01m | -€0.04m | €0.04m | -€0.5m | -€0.3m | -€0.5m | -€0.4m | ▲ 23.1% |
| Taxes670/3 | - | - | - | - | - | €0.007m | €0.005m | €0.006m | ▲ 21.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €0.3m | €0.5m | €0.4m | ▼ 22.7% |
| Profit (loss) for the period9904 | €0.4m | -€2.8m | -€3.5m | -€2.4m | - | -€17.2m | -€14.9m | -€19.3m | ▼ 29.3% |
| Profit (loss) for the period to be appropriated9905 | €0.4m | -€2.8m | -€3.5m | -€2.4m | - | -€17.2m | -€14.9m | -€19.3m | ▼ 29.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.9m | €4.2m | €3.0m | €12.5m | €54.3m | €50.2m | €46.5m | €40.6m | ▼ 12.7% |
| Formation expenses20 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €1.7m | €2.4m | €2.1m | €1.9m | €29.7m | €35.0m | €31.9m | €34.1m | ▲ 6.8% |
| Intangible fixed assets21 | €1.4m | €2.2m | €2.0m | €1.8m | €29.5m | €34.9m | €31.8m | €34.0m | ▲ 6.9% |
| Tangible fixed assets22/27 | €0.2m | €0.3m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | €0.06m | ▼ 38.8% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.1m | €0.08m | €0.07m | €0.06m | ▼ 22.5% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.08m | €0.06m | €0.03m | €0.008m | ▼ 75.7% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.003m | - | - | - |
| Financial fixed assets28 | €0.003m | €0.003m | €0.001m | €0.004m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Affiliated companies280/1 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Participating interests280 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Other financial fixed assets284/8 | - | - | - | - | - | €0.004m | €0.004m | €0.004m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | €0.004m | €0.004m | €0.004m | = |
| Current assets29/58 | €1.3m | €1.8m | €0.8m | €10.6m | €24.6m | €15.2m | €14.6m | €6.5m | ▼ 55.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | €0.6m | €0.9m | €1.3m | €1.7m | ▲ 27.1% |
| Other amounts receivable291 | - | - | - | €0.03m | €0.6m | €0.9m | €1.3m | €1.7m | ▲ 27.1% |
| Amounts receivable within one year40/41 | €1.2m | €1.6m | €0.4m | €10.3m | €23.0m | €13.9m | €13.1m | €4.5m | ▼ 65.7% |
| Trade receivables40 | - | - | - | €10.3m | €22.5m | €13.9m | €13.1m | €4.5m | ▼ 65.7% |
| Other amounts receivable41 | - | - | - | - | €0.5m | €0 | €330 | €0 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €0.04m | €0.04m | €0.2m | €0.03m | €1.0m | €0.3m | €0.01m | €0.005m | ▼ 51.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.3m | €0.1m | €0.2m | €0.1m | €0.3m | ▲ 198% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.9m | €4.2m | €3.0m | €12.5m | €54.3m | €50.2m | €46.5m | €40.6m | ▼ 12.7% |
| Equity10/15 | €1.1m | -€1.7m | -€5.2m | -€7.5m | €3.0m | -€14.2m | -€29.1m | -€48.4m | ▼ 66.4% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €15.6m | €15.6m | €15.6m | €15.6m | = |
| Capital10 | - | - | - | €1.4m | €15.2m | €15.2m | €15.2m | €15.2m | = |
| Issued capital100 | - | - | - | €1.4m | €15.2m | €15.2m | €15.2m | €15.2m | = |
| Uncalled capital101 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Outside capital11 | - | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Share premium1100/10 | - | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | - | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | -€0.3m | -€3.1m | -€6.5m | -€8.9m | -€13.5m | -€30.7m | -€45.6m | -€65.0m | ▼ 42.3% |
| Amounts payable17/49 | €1.9m | €5.9m | €8.1m | €20.0m | €51.3m | €64.4m | €75.6m | €89.0m | ▲ 17.8% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | €22.2m | €20.5m | €20.5m | = |
| Financial debts170/4 | - | - | - | €0.002m | - | - | - | - | - |
| Trade debts175 | - | - | - | - | - | €1.7m | - | - | - |
| Suppliers1750 | - | - | - | - | - | €1.7m | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.2m | €20.5m | €20.5m | €20.5m | = |
| Amounts payable within one year42/48 | €1.5m | €5.5m | €7.7m | €19.7m | €50.6m | €42.1m | €55.1m | €68.5m | ▲ 24.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.002m | €1.7m | €1.7m | - | - |
| Financial debts43 | - | - | - | €0.6m | €0.7m | €0.3m | €0.2m | €0.3m | ▲ 60.2% |
| Credit institutions430/8 | - | - | - | €0.6m | €0.7m | €0.3m | €0.2m | €0.3m | ▲ 60.2% |
| Trade debts44 | €0.4m | €1.4m | €0.9m | €3.6m | €18.3m | €9.8m | €11.5m | €12.8m | ▲ 11.2% |
| Suppliers440/4 | - | - | - | €3.6m | €18.3m | €9.8m | €11.5m | €12.8m | ▲ 11.2% |
| Taxes, remuneration and social security45 | - | - | - | €2.6m | €1.9m | €0.6m | €0.8m | €1.2m | ▲ 44.4% |
| Taxes450/3 | - | - | - | €1.5m | €0.6m | €0.2m | €0.1m | €0.1m | ▼ 0.3% |
| Remuneration and social security454/9 | - | - | - | €1.0m | €1.3m | €0.5m | €0.7m | €1.1m | ▲ 52.6% |
| Other amounts payable47/48 | - | - | - | €12.9m | €29.7m | €29.7m | €40.8m | €54.2m | ▲ 32.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.5m | €0.02m | €0.003m | €63 | ▼ 97.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | -€2.8m | -€3.5m | -€2.4m | - | -€17.2m | -€14.9m | -€19.3m | ▼ 29.3% |
| + Depreciation and write-downs630 | €0.2m | €0.5m | €0.6m | €0.7m | €7.3m | €8.2m | €9.2m | €8.8m | ▼ 4.1% |
| Operating cash flow (approximation) | €0.7m | -€2.3m | -€2.8m | -€1.7m | €7.3m | -€9.0m | -€5.8m | -€10.5m | ▼ 82.2% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€0.3m | -€0.5m | -€35.1m | -€13.6m | -€6.1m | -€11.0m | ▼ 81.1% |
| Change in cash | - | -€415 | €0.2m | -€0.2m | €0.9m | -€0.7m | -€0.3m | -€0.006m | ▲ 97.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2023 · 4 entries · €10,140 awarded · €10,140 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | €3,298 | €3,298 |
| 2022 | 2 | €6,842 | €6,842 |
Directors
Board 1
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may be missing here
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| FootPrints |
|
| BDO Bedrijfsrevisoren bv |
|
| Beco Global Consulting LLC |
|
Owners and capital
Owners
2 ownersChain of control
- Banqup Group
- UP-nxt
Highest known parent: Banqup Group. The sources do not say who stands above it.
Owners 2
- Banqup Groupparent64.82%
-
35.18%
According to the annual accounts of the companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
0.01%
According to the annual accounts of the companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
12-08
State Gazette act
Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Amandine Desmedt3 facts ▸
- General meeting, 01-06-2026
- Auditor reappointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Amandine Desmedt (permanent representative)
07-07
State Gazette act
Resignation: Beco Global Consulting LLC (director)Appointment: FootPrints BV (director) · Permanent representatives: Nicolas de Beco, Mathias Baert and Koen De Brabander5 facts ▸
- Director resignation, Beco Global Consulting LLC (director)
- Director appointment, FootPrints BV (director)
- Permanent representative, Nicolas de Beco (permanent vertegenwoordiger)
- Permanent representative, Mathias Baert (permanent vertegenwoordiger)
- Permanent representative, Koen De Brabander (permanent representative)
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 2 have been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 3 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Sites & property
3 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050C0039/00K000 | Wallonia | 10.1 ha | 1 · 113 m² | 14.1 m · 3 fl. |
| 11024B0077/00M000 | Flanders | 5.2 ha | 1 · 5,358 m² | 11.5 m · 3 fl. |
| 44062B0038/00Y000 | Flanders | 2,008 m² | 1 · 1,031 m² | 9.9 m · 2 fl. |