Equity
-€150,833
Debts exceed assets in financial year 2025.
UP-PROJECTS
Overview
Lifetime
19 annual accounts with figures on one time axispeak €229,883 (2020)
€133,889▲ €137,810
lowest -€142,630 (2021)
€14,143▲ €123,638
peak €161,047 (2020)
-€150,833▲ €14,143
€2.3m▼ 22.3%
Board2 names since 2023
2 directorsLinda Packolet and 1 other
Documentsfilings and deeds
12-03-202649 days before the deadline
2025abbreviated format
Turnover from €89,685 to €833,055Gross margin from -€3,921 to €133,889Back to profit: €14,143Debts from €3.0m to €2.3mInvestments €62,795Cash from €1,727 to €11,253
Key points
from the 2025 annual accountsTurnover
€833,055 ▲ 829%
Turnover rose in 2025 from €89,685 to €833,055.
Debts
€2.3m 107% of the balance sheet
Financial debts 55%Suppliers 0%Other 45%
Of this, €1.6m falls due within a year.
Investments
€62,795 4.4 × depreciation
Green is investment, beige is depreciation.
Payment terms
2 days to suppliers
UP-PROJECTS pays its suppliers 95 days earlier than in 2024. Customers pay 3 days earlier.
Position in the sector
-€150,833
Less equity than 91% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
55
Fair
Financially stronger than 37% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.9%▲ +0.1 percentage points vs 11-2025
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026highest value
03-2026: 0.9%▼ -0.1 percentage points vs 02-2026
04-2026: 0.3%▼ -0.6 percentage points vs 03-2026lowest value
05-2026: 0.3%● unchanged vs 04-2026lowest value
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€150,833
Liquidity: current ratio 0.53, cash €11,253
lowers risk
Size: turnover €833,055, total assets €2.2m
Figures for financial year 2025 (filed on 12-03-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 8% of them on solvency, 10% on liquidity, 46% on profitability and 84% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 519 companies had the same profile as UP-PROJECTS has now. Each dot stands for 2 companies, two years later.
91.5%
were still trading
3.9%
stopped another way
2.9%
went bankrupt
Another 1.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of UP-PROJECTS itself is lower: 0.3% within 12 months. It rests on far more data about UP-PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 519 companies, not a prediction for UP-PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.53 (0.62 in 2024), below 1. Short-term debt is 73.7% and cash 0.5% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
48 days early
2023
34 days early
2022
32 days early
2021
31 days early
2020
65 days early
2019
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 44 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879510480
Changes of role: Pascal Uvin (director) and Linda Packolet (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: Pascal Uvin · Director discharge: Linda Packolet · Gazette deed
First establishment
Roerdomplei 16, Kapellen
Incorporation
published on 03-03-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| UP-PROJECTS Kapellen | €2.2m | €133,889 | -7.0% | - |
| URBAN RENTAL Kapellen | €2.5m | €143,865 | 8.2% | - |
| LWRSN Schilde | €2.0m | €103,150 | 60.8% | 0.5 |
| UILENBERG VASTGOED Brasschaat | €2.6m | €90,935 | 99.5% | - |
| HEYOKA Diksmuide | €2.0m | €158,847 | 96.2% | - |
| ATREON Herk-de-Stad | €2.0m | €155,693 | 98.1% | - |
| Charlie Invest Brussels | €1.8m | €134,082 | 7.9% | - |
These companies have the same main activity as UP-PROJECTS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.8m and €2.6m, founded between 2004 and 2007.
Official details
Source: KBO- Status
- Active since 21-02-2006Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.152.190.5672950 Kapellen, since 09-03-2006
- Financial year end
- 30 September
- Peppol
- Reachable since 21-01-2026
Annual accounts to 30-09-2025
- €833,055▲ 829%
- €14,143
- -€150,833▲ 8.6%
- €2.2m▼ 23.1%
- Filing
- Filed on 12-03-2026, 49 days before the end of the filing period
Insights on UP-PROJECTS
UP-PROJECTS files the abbreviated format. That format states no turnover. The gross margin rose from €6,568 in 2007 to €133,889 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 12-03-2026, 49 days before the deadline€833,055
▲ 829%
€104,636
▲ €140,354
€118,920
€28,427
-7.0%
▼ 1.1 percentage points
0.53
▼ 0.09
Money flows
of every €100 of turnover, €1.70 remains as profit in 2025Balance sheet
balance sheet total €2.2m on 30-09-2025What the company ownsHow it is paid for
in 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.
UP-PROJECTS
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
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).
Board & ownership
Board
2 directors, no change since 2023Director (not named in the articles)
appointed by deed of 20-11-2023
earlier manager, until 20-11-2023
Director (not named in the articles)
appointed by deed of 20-11-2023
earlier manager, until 20-11-2023
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “• Bestuursorgaan: De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet…”deed of 20-11-2023
Mandates through the years
2 names, the dashed line is todayLinda Packolet
Director (not named in the articles)
Director (not named in the articles)
Pascal Uvin
Director (not named in the articles)
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
- Linda Packolet
- Director (not named in the articles), appointed by deed of 20-11-2023, still in office
- Manager, until 20-11-2023
- Pascal Uvin
- Director (not named in the articles), appointed by deed of 20-11-2023, still in office
- Manager, until 20-11-2023
Control
Capital
- Contribution
- €125,000
- Source
- 2025 annual accounts
Articles of association
deed of 20-11-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of March at 17:00
Network & group
No group
UP-PROJECTS has no parent and no holdings in its annual accounts. UP-PROJECTS shares no director with another company.
At the same address
Roerdomplei 16, 2950 Kapellen · 3 other companies| UP CONSTRUCT
registered office since 17-10-1988 · founded in 1988 |
2 FTE (2025) 0435.155.559 |
| HIPAM
registered office since 29-05-1995 · founded in 1995 |
total assets €1.5m (2025) 0455.311.664 |
| Packolet, Linda (sole trader)
establishment since 01-01-2008 |
founded in 2008 0895.242.296 |
Timeline
Timeline
31 events since 2006Board
Filings
Financial
Establishments
20062008201020122014201620182020202220242026
Deadline for the 2026 accounts: 30-04-2027
2026
Annual accounts 2025 filed PDFabbreviated format · 49 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0879510480
2025
Back to profit net €14,143 The net result is €14,143, after 4 loss-making years.
Annual accounts 2024 filed PDFabbreviated format · 48 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 34 days before the deadline
2023
Changes of role: Pascal Uvin (director) and Linda Packolet (director)Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: Pascal Uvin · Director discharge: Linda Packolet11 points ▸
- Registered office clause, Flemish Region
- Legal-form conversion, from private limited company (pre-2019) to private limited company
- 750 shares
- Director resignation, Pascal Uvin (manager)
- Director resignation, Linda Packolet (manager)
- Director discharge, Pascal Uvin
- Director discharge, Linda Packolet
- Director appointment, Pascal Uvin (director (not named in the articles))
- Director appointment, Linda Packolet (director (not named in the articles))
- Registered office clause, Roerdomplei 16, 2950 Kapellen
- Power of attorney, Joseph Van Roosbroeck
- The deed holds 4 more points.
Annual accounts 2022 filed PDFabbreviated format · 32 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 31 days before the deadline
2021
Weakest financial year net -€142,630 The net result drops to -€142,630, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFabbreviated format · 65 days before the deadline
2020
Highest result from 2007 to 2025 net €77,477 ▲168,695% The operating result of €201,374 and the net result of €77,477 are both a record.
Equity above €150,000 equity €161,047 ▲92.7% After 6 profitable years in a row, equity reaches €161,047.
Annual accounts 2019 filed PDFabbreviated format · 50 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 105 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 47 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 32 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 50 days before the deadline
2015
Back to profit net €66,258 The net result is €66,258, after 2 loss-making years.
Annual accounts 2014 filed PDFabbreviated format · 1 day before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 7 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 21 days before the deadline
2012
Back to profit net €67,681 The net result is €67,681, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 42 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 4 days before the deadline
2010
Back to profit net €38,386 The net result is €38,386, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · on the deadline day
2009
Annual accounts 2008 filed PDFabbreviated format · 15 days late
2008
Back to profit net €26,352 The net result is €26,352, after one loss-making year.
Annual accounts 2007 filed PDFabbreviated format · 6 days before the deadline
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
Company details
Identity
- Enterprise number
- 0879.510.480
- VAT number
- BE 0879.510.480
- Peppol ID
- 0208:0879510480
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 21-02-2006
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of March at 17:00deed of 20-11-2023 (in Dutch)
- Peppol
- Reachable since 21-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- UP-PROJECTS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-11-2023 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
Codes under NACEBEL 2003
70111
main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Projectontwikkeling in de meest ruime zin,met onder meer aankopen,verkopen,verkavelen en bouwen van onroerende goederen,in eigen beheer en…”deed of 20-11-2023 (in Dutch)
14 activities
- Projectontwikkeling in de meest ruime zin,met onder meer aankopen,verkopen,verkavelen en bouwen van onroerende goederen,in eigen beheer en voor rekening van derden.
- Import,export en handel van grondstoffen en hulpstoffen,halffabrikaten en afgewerkte producten.
- Het toestaan van leningen en kredieten aan derden,alsook het borgstellen voor derden.
- Tussenpersoon in de handel.
- Kredietmakelaar:studie,organisatie en raadgevend bureau inzake financiële handels of sociale aangelegenheden.
- Onderneming in onroerende goederen,het verwerven,vervreemden en beheren van roerende en onroerende beleggingsgoederen allerhande.
- Handel in goederen en diensten die rechtstreeks of onrechtstreeks verband houden met het bovenvermelde.
- Plaatsen van afsluitingen
- Algemene bouwwerken.
- Het geheel of een gedeelte van haar uitbatingen en inrichtingen in huur geven of deze aan derden in beheer geven.
- Alle brevetten,licenties en handelsmerken in verband met haar doel aankopen,uitbaten of afstaan.
- Het verlenen van diensten en adviezen in de meest ruime zin van het woord aan bedrijven en ondernemingen van alle aard,onder meer op het vlak van administratie,management,bedrijfsorganisatie,promotie en informatica.
- Het waarnemen van de functie van bestuurder,manager of gemandateerde in ondernemingen en vennootschappen.
- Het nemen en beheren van belangen en participaties in ondernemingen en vennootschappen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Roerdomplei 16 registered office 2950 Kapellen 6812101 Development of residential building projects | 09-03-2006 | 2.152.190.567 |
Buildings and parcels at the address
- Ground area
- 5,110 m²
- Buildings
- 419 m²
- Volume, LiDAR
- 2,833 m³
- Tallest building
- 15.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11023K0007/02W015 | 5,110 m² | 1 · 419 m² | 15.7 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0879.510.480