UP-PROJECTS
Annual accounts 2025
abbreviated format, filed on 12-03-2026, 49 days before the deadlineMoney flows
of every €100 of turnover, €1.70 remains as profit in 2025Balance sheet
balance sheet total €2.2m on 30-09-2025in euro
in euro
Position in the sector
-7.0%
Higher than 12% of 11,299 companies in 2025.
0.53
Higher than 29% of 10,851 companies in 2025.
0.7%
Higher than 47% of 11,184 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
2.2m | 2.8m | 2.4m | 2.1m | 2.4m | 1.0m | 1.7m | 1.3m | 1.2m | 1.3m | 1.0m | 1.3m | 1.3m | 946,679 | 1.5m | 569,165 | 735,103 | 728,057 | 1.2m | |
21/28 |
1.3m | 1.3m | 749,196 | 749,196 | 749,716 | 1,339 | 2,158 | 2,079 | - | - | 88,024 | 293,415 | 265,249 | 273,948 | 1,250 | 1,500 | 1,250 | 1,250 | - | |
22/27 |
575,264 | 526,753 | - | - | 520 | 1,339 | 2,158 | 2,079 | - | - | 88,024 | 293,415 | 263,999 | 272,698 | - | - | - | - | - | |
22 |
573,351 | 526,753 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
- | - | - | - | - | 299 | 599 | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
1,914 | - | - | - | 520 | 1,040 | 1,559 | 2,079 | - | - | - | - | 632 | 1,264 | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | - | - | - | 88,024 | 293,415 | 263,367 | 271,433 | - | - | - | - | - | |
28 |
749,196 | 749,196 | 749,196 | 749,196 | 749,196 | - | - | - | - | - | - | - | 1,250 | 1,250 | 1,250 | 1,500 | 1,250 | 1,250 | - | |
29/58 |
843,935 | 1.5m | 1.7m | 1.4m | 1.7m | 1.0m | 1.7m | 1.3m | 1.2m | 1.3m | 917,885 | 988,688 | 1.0m | 672,732 | 1.5m | 567,665 | 733,853 | 726,807 | 1.2m | |
3 |
825,000 | 1.5m | 1.2m | 1.2m | 1.2m | 613,000 | 1.6m | 987,938 | 1.1m | 1.2m | 885,518 | 968,500 | 1.0m | 550,000 | 1.3m | 564,881 | 720,000 | 720,000 | 1.1m | |
30/36 |
825,000 | 1.5m | 1.2m | 1.2m | 1.2m | 613,000 | 1.6m | 987,938 | 1.1m | 1.2m | 885,518 | 968,500 | 1.0m | 550,000 | 1.3m | 564,881 | 720,000 | 720,000 | 1.1m | |
40/41 |
7,682 | 39,211 | 513,091 | 220,817 | 504,467 | 413,134 | 157,692 | 331,911 | 2,194 | 41,865 | 32,094 | 19,567 | 14,049 | 48,884 | 221,460 | 2,194 | 12,486 | 6,377 | 110,338 | |
40 |
932 | 847 | 57,910 | 28,955 | - | - | 58,080 | 29,040 | - | 39,671 | - | - | - | - | - | - | 7,147 | - | 68,692 | |
41 |
6,751 | 38,364 | 455,181 | 191,862 | 504,467 | 413,134 | 99,612 | 302,871 | 2,194 | 2,194 | 32,094 | 19,567 | 14,049 | 48,884 | 221,460 | 2,194 | 5,339 | 6,377 | 41,646 | |
54/58 |
11,253 | 1,727 | 6,836 | 3,538 | 3,977 | 5,377 | 1,406 | 2,254 | 22,905 | 1,649 | 273 | 620 | 914 | 73,847 | 29,376 | 432 | 943 | 23 | 6,325 | |
490/1 |
- | - | - | - | 1,774 | 1,774 | - | 782 | 4,183 | - | - | - | - | - | - | 159 | 424 | 406 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
2.2m | 2.8m | 2.4m | 2.1m | 2.4m | 1.0m | 1.7m | 1.3m | 1.2m | 1.3m | 1.0m | 1.3m | 1.3m | 946,679 | 1.5m | 569,165 | 735,103 | 728,057 | 1.2m | |
10/15 |
-150,833 | -164,976 | -55,481 | -6,707 | 18,417 | 161,047 | 83,570 | 83,524 | 8,394 | 7,694 | -1,796 | -68,054 | -53,338 | 33,259 | -34,422 | 27,681 | -10,705 | 37,215 | 10,863 | |
10/11 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
100 |
- | - | - | - | - | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
13 |
1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130/1 |
1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1311 |
1,800 | 1,800 | 1,800 | 1,800 | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-277,633 | -291,776 | -182,281 | -133,507 | -108,383 | 34,247 | -41,430 | -41,476 | -116,606 | -117,306 | -126,796 | -193,054 | -178,338 | -91,741 | -159,422 | -97,319 | -135,705 | -87,785 | -114,137 | |
17/49 |
2.3m | 3.0m | 2.5m | 2.1m | 2.4m | 873,577 | 1.7m | 1.2m | 1.2m | 1.3m | 1.0m | 1.4m | 1.4m | 913,420 | 1.6m | 541,484 | 745,808 | 690,842 | 1.2m | |
17 |
721,147 | 491,897 | 531,691 | 570,837 | 609,344 | 124,116 | 90,533 | 106,287 | 121,244 | 135,444 | 148,927 | 161,728 | 173,882 | 185,421 | 157,657 | - | - | - | - | |
170/4 |
721,147 | 491,897 | 531,691 | 570,837 | 609,344 | 124,116 | 90,533 | 106,287 | 121,244 | 135,444 | 148,927 | 161,728 | 173,882 | 185,421 | 157,657 | - | - | - | - | |
42/48 |
1.6m | 2.5m | 2.0m | 1.6m | 1.8m | 726,102 | 1.4m | 1.1m | 1.0m | 1.1m | 858,779 | 1.2m | 1.2m | 727,999 | 1.4m | 540,401 | 745,187 | 689,325 | 1.2m | |
42 |
440,359 | 1.0m | 239,146 | 38,508 | 37,880 | 28,061 | 15,754 | 14,957 | 14,200 | 13,482 | 12,801 | 12,154 | 11,540 | 10,957 | 7,343 | - | - | - | - | |
43 |
553,495 | 640,000 | 665,000 | 665,000 | 665,000 | 266,662 | 1.3m | 826,977 | 759,520 | 807,494 | 689,409 | 1.2m | 1.2m | 680,000 | 1.3m | 485,941 | 608,192 | 607,864 | 840,139 | |
430/8 |
- | - | - | - | - | 1,662 | 473,747 | 676,977 | 623,186 | 807,494 | 689,409 | 1.2m | 1.2m | 680,000 | 1.3m | 485,941 | 608,192 | 607,864 | 840,139 | |
439 |
553,495 | 640,000 | 665,000 | 665,000 | 665,000 | 265,000 | 860,000 | 150,000 | 136,335 | - | - | - | - | - | - | - | - | - | - | |
44 |
3,995 | 24,768 | 13,280 | 3,440 | - | 31,155 | 15,045 | 21,625 | 11,775 | 29,861 | 9,575 | 6,441 | 8,962 | 7,066 | 11,493 | 38,753 | 11,310 | 25,555 | 99,789 | |
440/4 |
3,995 | 24,768 | 13,280 | 3,440 | - | 31,155 | 15,045 | 21,625 | 11,775 | 29,861 | 9,575 | 6,441 | 8,962 | 7,066 | 11,493 | 38,753 | 11,310 | 25,555 | 99,789 | |
45 |
- | - | - | - | - | - | 5,843 | 6,305 | 7,687 | 7,371 | 10,285 | 5,254 | 1,114 | 3,135 | 4,151 | 7,914 | 12,358 | 166 | 189 | |
450/3 |
- | - | - | - | - | - | 5,843 | 6,305 | 7,687 | 7,371 | 10,285 | 5,254 | 1,114 | 3,135 | 4,151 | 7,914 | 12,358 | 166 | 189 | |
47/48 |
600,231 | 822,651 | 1.0m | 866,272 | 1.1m | 400,224 | 76,686 | 215,077 | 250,605 | 269,327 | 136,710 | - | 7,974 | 26,841 | 106,375 | 7,793 | 113,327 | 55,740 | 215,710 | |
492/3 |
- | - | 127 | 1,202 | 28,969 | 23,359 | 115,190 | 50,212 | - | - | - | 676 | 79 | - | 1,483 | 1,083 | 621 | 1,517 | 20,152 | |
| Income statement | ||||||||||||||||||||
70 |
833,055 | 89,685 | 63,067 | 113,324 | 33,650 | 1.9m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
- | - | - | - | - | - | - | - | - | 8,531 | 19,905 | - | - | - | - | - | - | - | - | |
9900 |
133,889 | -3,921 | 20,482 | 65,233 | -69,596 | 229,883 | 116,938 | 142,420 | 79,861 | 57,439 | 91,200 | 48,784 | -23,149 | 119,404 | -7,917 | 75,885 | -689 | 90,370 | 6,568 | |
60/61 |
720,368 | 93,606 | 48,476 | 63,903 | 103,245 | 1.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
14,284 | - | - | 520 | 819 | 819 | 819 | 520 | - | - | - | 12,934 | 8,699 | 8,699 | - | - | - | - | - | |
640/8 |
14,969 | 31,798 | 2,546 | 4,992 | 44,455 | 27,689 | 44,442 | 29,501 | 40,345 | 16,113 | 3,701 | 3,262 | 24,785 | 8,962 | 30,635 | 14,574 | 14,611 | 4,344 | 66,684 | |
9901 |
104,636 | -35,718 | 17,936 | 59,722 | -114,870 | 201,374 | 71,677 | 112,398 | 39,515 | 41,326 | 87,499 | 32,588 | -56,633 | 101,743 | -38,552 | 61,312 | -15,300 | 86,026 | -60,117 | |
75/76B |
- | 0 | 33,199 | 13,333 | 32,231 | 1 | 1 | - | 2 | - | 50 | 2 | 265 | 8,414 | 6,443 | 1,879 | - | 3,247 | 15 | |
75 |
- | 0 | 33,199 | 13,333 | 32,231 | 1 | 1 | - | 2 | - | 50 | 2 | 265 | 8,414 | 6,443 | 1,879 | - | 3,247 | 15 | |
65/66B |
90,012 | 73,286 | 99,411 | 98,179 | 52,820 | 94,422 | 71,632 | 36,556 | 38,395 | 40,366 | 40,773 | 46,884 | 29,882 | 42,046 | 29,994 | 24,805 | 32,620 | 62,921 | 54,033 | |
65 |
90,012 | 73,286 | 99,411 | 98,179 | 52,820 | 94,422 | 71,632 | 36,556 | 38,395 | 40,366 | 40,773 | 46,884 | 29,882 | 42,046 | 29,994 | 24,805 | 32,620 | 62,921 | 54,033 | |
9903 |
14,624 | -109,005 | -48,276 | -25,124 | -135,459 | 106,953 | 46 | 75,843 | 1,122 | 9,490 | 66,681 | -14,294 | -86,250 | 68,110 | -62,103 | 38,386 | -47,920 | 26,352 | -114,135 | |
67/77 |
481 | 490 | 498 | - | 7,171 | 29,476 | - | 713 | 422 | - | 422 | 422 | 348 | 429 | - | - | - | - | 2 | |
9904 |
14,143 | -109,495 | -48,774 | -25,124 | -142,630 | 77,477 | 46 | 75,129 | 700 | 9,490 | 66,258 | -14,716 | -86,597 | 67,681 | -62,103 | 38,386 | -47,920 | 26,352 | -114,137 | |
9905 |
14,143 | -109,495 | -48,774 | -25,124 | -142,630 | 77,477 | 46 | 75,129 | 700 | 9,490 | 66,258 | -14,716 | -86,597 | 67,681 | -62,103 | 38,386 | -47,920 | 26,352 | -114,137 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-277,633 | -291,776 | -182,281 | -133,507 | -108,383 | 36,047 | -41,430 | -41,476 | -116,606 | -117,306 | -126,796 | -193,054 | -178,338 | -91,741 | -159,422 | -97,319 | -135,705 | -87,785 | -114,137 | |
14P |
-291,776 | -182,281 | -133,507 | -108,383 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | 1,800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 9 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 2025 (PDF), filed on 12-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 12-03-2026 | 2026-00053200 | |
| 30-09-2024 | abbreviated format | 13-03-2025 | 2025-00047632 | |
| 30-09-2023 | abbreviated format | 27-03-2024 | 2024-00050675 | |
| 30-09-2022 | abbreviated format | 29-03-2023 | 2023-00047548 | |
| 30-09-2021 | abbreviated format | 30-03-2022 | 2022-09500307 | |
| 30-09-2020 | abbreviated format | 24-02-2021 | 2021-06100033 | |
| 30-09-2019 | abbreviated format | 11-03-2020 | 2020-06400338 | |
| 30-09-2018 | abbreviated format | 15-01-2019 | 2019-01400203 | |
| 30-09-2017 | abbreviated format | 14-03-2018 | 2018-06700323 | |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-07900281 | |
| 30-09-2015 | abbreviated format | 11-03-2016 | 2016-06300038 | |
| 30-09-2014 | abbreviated format | 29-04-2015 | 2015-10900120 | |
| 30-09-2013 | abbreviated format | 23-04-2014 | 2014-10200171 | |
| 30-09-2012 | abbreviated format | 09-04-2013 | 2013-08700074 | |
| 30-09-2011 | abbreviated format | 19-03-2012 | 2012-06600265 | |
| 30-09-2010 | abbreviated format | 26-04-2011 | 2011-09000269 | |
| 30-09-2009 | abbreviated format | 30-04-2010 | 2010-11000425 | |
| 30-09-2008 | abbreviated format | 15-05-2009 | 2009-15100054 | |
| 30-09-2007 | abbreviated format | 24-04-2008 | 2008-11700321 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 118,920 | - | - | 60,242 | -114,051 | 202,194 | 72,496 | 112,918 | - | - | - | 45,522 | -47,934 | 110,441 | - | - | - | - | - | ||
| 28,427 | - | - | -24,604 | -141,810 | 78,296 | 865 | 75,649 | - | - | - | -1,783 | -77,898 | 76,380 | - | - | - | - | - | ||
| 62,795 | 526,753 | - | 0 | 749,196 | 0 | 898 | 2,599 | - | - | - | 42,350 | 0 | 281,397 | - | 250 | - | 1,250 | - | ||
| 9,526 | -5,109 | 3,298 | -439 | -1,400 | 3,971 | -848 | -20,651 | 21,256 | 1,376 | -347 | -294 | -72,933 | 44,472 | 28,944 | -511 | 920 | -6,301 | - | ||
| -754,146 | -949,027 | -272,859 | -183,865 | -92,986 | 307,183 | 287,134 | 237,944 | 129,638 | 143,138 | 59,106 | -199,066 | -144,626 | -55,267 | 123,468 | 27,264 | -11,334 | 37,482 | 31,015 | ||
| 12.6% | -39.8% | 28.4% | 52.7% | - | 10.8% | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -7.0% | -5.9% | -2.3% | -0.3% | 0.8% | 15.6% | 4.8% | 6.3% | 0.7% | 0.6% | -0.2% | -5.3% | -4.1% | 3.5% | -2.3% | 4.9% | -1.5% | 5.1% | 0.9% | ||
| 0.53 | 0.62 | 0.86 | 0.88 | 0.95 | 1.42 | 1.20 | 1.22 | 1.12 | 1.13 | 1.07 | 0.83 | 0.88 | 0.92 | 1.09 | 1.05 | 0.98 | 1.05 | 1.03 | ||
| 0.01 | 0.02 | 0.27 | 0.14 | 0.29 | 0.58 | 0.11 | 0.31 | 0.03 | 0.04 | 0.04 | 0.02 | 0.01 | 0.17 | 0.18 | 0.01 | 0.02 | 0.01 | 0.10 | ||
| - | - | - | - | - | 5.42 | 19.78 | 14.86 | - | - | - | - | - | 27.46 | - | 19.56 | - | 18.56 | - | ||
| - | - | - | - | -774.5% | 48.1% | 0.1% | 89.9% | 8.3% | 123.3% | - | - | - | 203.5% | - | 138.7% | - | 70.8% | - | ||
| 0.7% | -3.9% | -2.0% | -1.2% | -5.9% | 7.5% | 0.0% | 5.7% | 0.1% | 0.7% | 6.6% | -1.1% | -6.6% | 7.1% | -4.1% | 6.7% | -6.5% | 3.6% | -9.6% | ||
| 1.32 | - | - | 0.61 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 0 days | 3 days | 335 days | 93 days | 5472 days | 81 days | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 2 days | 97 days | 100 days | 20 days | - | 7 days | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €62,795 | €526,753 | - | - |
| €14,284 | - | - | €520 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on UP-PROJECTS
The operating result for 2025 is a profit of €104,636, after a loss of €35,718 in 2024. It is the highest result since 2020.
Equity is negative. Debt (€2.3m) exceeds the balance-sheet total (€2.2m).