Losses
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
UP STYLE pays its suppliers 31 days later than in 2024. Customers pay 2 days earlier.
The 2016 accounts came 31 days late. The other nine of the last ten were filed on time.
In July 2024, 2,685 companies had the same profile as UP STYLE has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,685 companies, not a prediction for UP STYLE. 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.
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.
| Company | ||||
|---|---|---|---|---|
| UP STYLE Yvoir | €474,206 | €5,912 | 36.9% | - |
| WW BATIMENT Meise | €406,043 | €11,010 | 76.3% | - |
| JANEK Heusden-Zolder | €425,661 | €12,046 | 67.3% | - |
| JENOVATION Wevelgem | €640,414 | €8,495 | 18.6% | - |
| ESTHO Management & Service Beringen | €396,668 | €7,564 | 3.4% | - |
| CORIS IMMO Dilbeek | €884,537 | €11,135 | -14.0% | - |
| AWESOME Houthalen-Helchteren | €886,213 | €10,706 | 97.1% | - |
These companies have the same main activity as UP STYLE: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €397,000 and €886,000, founded between 2009 and 2019.
UP STYLE files the micro format. That format states no turnover. The gross margin rose from -€5,069 in 2013 to €5,912 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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