Checked.be
Active
BE 0728.850.377Private limited company
Up Solutions
Baron Ruzettelaan 1 ·8310 Brugge, Belgium· 7 yrs active
Sector: Other non-specialised retail sale
(47120)
Conclusion
The computed 12-month bankruptcy probability of Up Solutions is 3.1% (moderate). The 2024 annual accounts show equity of €35k and a net result of €-17k. Equity is shrinking by ~27.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 47% of 26065 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €35k |
| Net result | €-17k |
| Staff (FTE) | 2 |
| Better than sector | 47% |
Financial profile
44
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
45
Profitability
0
Solvency
45
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
45
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
56
2021
15
2022
77
2023
45
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.02 (≥ 1.0)
+5
Profitability
Negatieve ROE -50%
-10
Interest coverage
Interest coverage 2.5×
+3
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 15-12-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.0% | 32.3% | |
| Net result | €-17k | €4k | |
| Equity | €35k | €39k | |
| Gross operating margin | €99k | €31k | |
| Staff costs | €95k | €38k |
€3k
-90.1%
21-24
€-17k
-
21-24
€1k
-94.4%
21-24
€119k
-11.1%
21-24
€35k
-33.1%
21-24
€1k
-77.8%
21-24
2
+33.3%
21-24
€95k
+63.3%
21-24
€139
-5.4%
21-24
€85k
+2.6%
21-24
€78k
+11.4%
21-24
€7k
-45.6%
21-24
1.02
-6.0%
21-24
0.83
+3.4%
21-24
29.0%
-24.7%
21-24
2.45
+53.4%
21-24
-49.5%
-
21-24
-14.3%
-
21-24
2.52
-92.0%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €3k | €26k | €-5k | €26k |
| Net profit | €-17k | €3k | €-30k | €-3k |
| Cash flow | €1k | €25k | €-6k | €25k |
| Staff costs | €95k | €58k | €35k | €24k |
| Income taxes | €139 | €147 | - | €166 |
| Dividends | - | - | - | - |
| Total assets | €119k | €134k | €136k | €161k |
| Equity | €35k | €52k | €49k | €79k |
| Debt | €85k | €83k | €87k | €83k |
| of which ≤ 1y | €78k | €70k | €87k | €83k |
| of which > 1y | €7k | €13k | - | - |
| Working capital | €1k | €6k | €-32k | €577 |
| Employees (FTE) | 2.0 | 1.5 | 1.0 | 1.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.02 | 1.08 | 0.63 | 1.01 |
| Quick ratio | 0.83 | 0.80 | 0.39 | 0.74 |
| Working capital ratio | 1.0% | 4.2% | -23.5% | 0.4% |
| Solvency | 29.0% | 38.5% | 35.7% | 48.6% |
| Debt / equity | 2.45 | 1.60 | 1.80 | 1.06 |
| Long-term debt ratio | 0.20 | 0.25 | - | - |
| Interest coverage | 2.52 | 31.45 | -4.30 | 272.80 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -14.3% | 2.3% | -22.0% | -1.8% |
| ROE | -49.5% | 6.1% | -61.6% | -3.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €119k | €134k | €136k | €161k |
| Fixed assets | 21/28 | €40k | €59k | €81k | €78k |
| Intangible fixed assets | 21 | €16k | €22k | €28k | €34k |
| Tangible fixed assets | 22/27 | €25k | €37k | €52k | €44k |
| Current assets | 29/58 | €79k | €76k | €55k | €84k |
| Stocks & contracts in progress | 3 | €14k | €19k | €22k | €22k |
| Amounts receivable within one year | 40/41 | €8k | €16k | €13k | €18k |
| Cash & bank | 54/58 | €31k | €17k | €3k | €14k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €119k | €134k | €136k | €161k |
| Equity | 10/15 | €35k | €52k | €49k | €79k |
| Contributions / capital | 10/11 | €25k | €25k | €25k | €25k |
| Reserves | 13 | - | €56k | €56k | €56k |
| Accumulated profits (losses) | 14 | €10k | €-30k | €-33k | €-3k |
| Amounts payable | 17/49 | €85k | €83k | €87k | €83k |
| Amounts payable after one year | 17 | €7k | €13k | - | - |
| Amounts payable within one year | 42/48 | €78k | €70k | €87k | €83k |
| Trade debts payable within one year | 44 | €10k | €10k | €36k | €13k |
| Income statement | |||||
| Gross operating margin | 9900 | €99k | €85k | €34k | €51k |
| Operating result | 9901 | €-16k | €4k | €-29k | €-3k |
| Financial income | 75 | - | €3 | €5 | €113 |
| Financial charges | 65 | €1k | €823 | €1k | €94 |
| Result before taxes | 9903 | €-17k | €3k | €-30k | €-3k |
| Income taxes | 67/77 | €139 | €147 | - | €166 |
| Net result for the period | 9904 | €-17k | €3k | €-30k | €-3k |
| Result to be appropriated | 9905 | €-17k | €3k | €-30k | €-3k |
Legal Structure
| NACE primary | Other non-specialised retail sale(47120) |
| Legal form | Private limited company(610) |
| Incorporation | 25-06-2019 |
| Status | Active |
| Postal code | 8310 |
Establishment units
Digital Up
since 20192.290.552.456
Kokirina
since 20192.290.552.753
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0037/00L007 | Flanders | 6,856 m² | 1 · 2,547 m² | 18.2 m · 5 fl. |
| 31005A0233/00K000 | Flanders | 253 m² | 1 · 108 m² | 13.3 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 137 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 106 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Other non-specialised retail sale47120Retail trade47910Advertising agencies73110IT consultancy62020Computer consultancy and computer facilities management62200Computing infrastructure, data processing, hosting and other information service activities63120Web portal activities63910Other professional, scientific and technical activities74103Graphic design and visual communication74120Repair and maintenance of computers and communication equipment95100Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles95110
Names & trade names
| Legal nameNL | Up Solutions |
Similar companies
VAN POECKE PLANT
BE 0758.374.308 · Wetteren
FOODMORNINGS
BE 0761.769.704 · Zaventem
Enchères Directes
BE 0801.075.983 · Châtelet
MAS COMPANY
BE 0556.686.067 · Anderlecht
FIRESIDE
BE 0674.458.816 · Fexhe-le-Haut-Clocher