Liquidity
1.36 was 0.32 in 2024
Short-term debts rose from €10,158 to €12,008.
Up2Charge
Lifetime
11 annual accounts with figures on one time axispeak €25,483 (2016)
€12,127▲ 17×
lowest -€7,250 (2022)
€10,129▲ €10,556
peak €20,748 (2017)
€7,510▲ €10,129
€12,008▲ 18.2%
peak 0.7 FTE (2016)
-not published
Board5 names since 2021
3 directorsJordan Delsinne and 2 others
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €697 to €12,127Back to profit: €10,129Appointment: David Ottoy (director) 19-03Equity from -€2,619 to €7,510Debts from €10,158 to €12,008Cash from €1,336 to €11,772
Key points
from the 2025 annual accountsFilings
11 annual accounts since 2015
Three of the last ten came late. The 2025 accounts came latest: 24 days after the end of the period.
Position in the sector
€7,510
Less equity than 85% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
Checked score
93
Excellent
Financially stronger than 74% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%highest value
01-2025: 2.4%● unchanged vs 12-2024highest value
02-2025: 1.4%▼ -1.0 percentage point vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.3%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.2 percentage points vs 06-2025
08-2025: 1.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.0%▼ -0.8 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 0.9%▼ -0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 0.2%▼ -1.3 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
2 establishment units
lowers risk
Liquidity: current ratio 1.36, cash €11,772
Founded in 2015
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 43, micro). It does better than 41% of them on solvency, 66% on liquidity, 92% on profitability and 98% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
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, 34,693 companies had the same profile as Up2Charge has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Up2Charge itself: 0.2% within 12 months.
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 34,693 companies, not a prediction for Up2Charge. 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.36 (0.32 in 2024), below the usual 1.5. Short-term debt is 61.5% and cash 60.3% of total assets. 61.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
22 days late
2023
57 days early
2022
46 days early
2021
13 days early
2020
3 days late
2019
25 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 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: David Ottoy (director)
General meeting of 02-11-2024 · Gazette deed
New establishment in Ninove
Car TechCenter, Kouterbaan 10
Resignation: Charly Van der Straeten (director)
Director discharge: Charly Van der Straeten (director (not named in the articles)) · General meeting of 13-02-2024 · Gazette deed
Company renamed from ELIPA to Up2Charge
Resignation: Martine Desruelles (director) · Appointments: Jordan Delsinne, Jorne Van Accoleyen and Charly Van Der Straeten · “Adviseren, audits, studies uitvoeren op vlak van energie; Aankoop, verkoop, instaleren van lokale en openbare…” (deed in Dutch) · General meeting of 16-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Up2Charge Haaltert | €19,518 | €12,127 | 38.5% | - |
| SPRL-S JMV Electricité Saint-Nicolas | €27,515 | €10,907 | 21.6% | - |
| WELLSOL Herentals | €16,842 | €12,900 | -16.8% | - |
| BOCKSTAL & CO Chastre | €20,713 | €13,625 | -32.5% | - |
| SANIDECH Frameries | €21,448 | €6,813 | 85.2% | - |
| ALBAN BRAUN CHAUFFAGE Lasne | €17,288 | €15,247 | 79.4% | - |
| NATHAN PROJECTS Zaventem | €12,535 | €17,195 | -461.0% | - |
These companies have the same main activity as Up2Charge: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €12,500 and €27,500, founded between 2008 and 2019.
Official details
Source: KBO- Status
- Active since 20-02-2015Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 4 others
- Establishment units
- 2.239.643.7879450 Haaltert, since 20-02-2015
- 2.370.204.9959400 Ninove, since 01-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on Up2Charge
Up2Charge files the micro format. That format states no turnover. The gross margin fell from €13,161 in 2015 to €12,127 in 2025.
In February 2023, the Official Gazette published the appointment of Jordan Delsinne as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Up2Charge
- What is the company number of Up2Charge?
- The company number of Up2Charge is 0598.852.264. The VAT number is the same number with BE in front: BE 0598.852.264.
- Where is Up2Charge based?
- The registered office is at Jeruzalemstraat 6, 9450 Haaltert.Company details
- What does Up2Charge do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Up2Charge?
- Up2Charge is a private limited company (BV).
- When was Up2Charge founded?
- Up2Charge was founded on 20-02-2015.
- Is Up2Charge still active?
- Yes, Up2Charge is an active enterprise in the KBO register.
- What is the turnover of Up2Charge?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €12,127 and 32 comparable companies (NACE 43222). It probably lies between €99,000 and €230,000. It is a rough estimate.Financials
- Is Up2Charge profitable?
- In financial year 2025, Up2Charge made a profit of €10,129.
- Where can I find the annual accounts of Up2Charge?
- Up2Charge filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Up2Charge due?
- Up2Charge must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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