Liquidity
Short-term debts rose from €10,158 to €12,008.
Short-term debts rose from €10,158 to €12,008.
Three of the last ten came late. The 2025 accounts came latest: 24 days after the end of the period.
Less equity than 85% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
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).
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).
In July 2024, 34,693 companies had the same profile as Up2Charge has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Up2Charge itself: 0.2% within 12 months.
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.
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.
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.
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.
| 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.
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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €99,000 and €230,000.
Higher than 41% of 35,136 companies in 2025.
Higher than 36% of 34,510 companies in 2025.
Higher than 95% of 34,711 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
19,518 | 7,539 | 7,518 | 249 | 9,004 | 8,188 | 8,158 | 41,896 | 36,669 | 17,143 | 23,374 | |
21/28 |
3,176 | 4,294 | 773 | - | - | - | 75 | 1,218 | 13,846 | 3,666 | 5,677 | |
22/27 |
3,176 | 4,294 | 773 | - | - | - | 75 | 803 | 13,432 | 3,251 | 5,262 | |
23 |
3,092 | 3,865 | - | - | - | - | 37 | 258 | 643 | 1,841 | 3,040 | |
24 |
84 | 428 | 773 | - | - | - | 39 | 545 | 12,789 | 1,410 | 2,222 | |
28 |
- | - | - | - | - | - | - | 415 | 415 | 415 | 415 | |
29/58 |
16,342 | 3,245 | 6,745 | 249 | 9,004 | 8,188 | 8,082 | 40,678 | 22,822 | 13,477 | 17,697 | |
3 |
1,331 | 799 | 809 | - | - | - | - | - | - | - | - | |
30/36 |
1,331 | 799 | 809 | - | - | - | - | - | - | - | - | |
40/41 |
2,768 | 627 | 4,658 | 249 | 2,845 | 2,527 | 2,157 | 2,847 | 2,378 | 1,170 | 3,995 | |
40 |
2,198 | 572 | 4,091 | - | 2,845 | 2,527 | 2,157 | 2,847 | 1,924 | 87 | 3,218 | |
41 |
570 | 55 | 567 | 249 | - | - | - | - | 454 | 1,082 | 777 | |
54/58 |
11,772 | 1,336 | 1,279 | - | 6,159 | 5,660 | 5,925 | 37,812 | 18,864 | 10,862 | 12,454 | |
490/1 |
470 | 483 | - | - | - | - | - | 19 | 1,581 | 1,446 | 1,248 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
19,518 | 7,539 | 7,518 | 249 | 9,004 | 8,188 | 8,158 | 41,896 | 36,669 | 17,143 | 23,374 | |
10/15 |
7,510 | -2,619 | -2,192 | 249 | 7,499 | 7,136 | 4,556 | 9,880 | 20,748 | 11,129 | 10,829 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
14 |
-550 | -10,679 | -10,252 | -7,811 | -561 | -924 | -3,504 | 1,820 | 12,688 | 3,069 | 2,769 | |
17/49 |
12,008 | 10,158 | 9,710 | - | 1,505 | 1,051 | 3,602 | 32,016 | 15,921 | 6,013 | 12,545 | |
17 |
- | - | - | - | - | - | - | - | 4,369 | - | - | |
170/4 |
- | - | - | - | - | - | - | - | 4,369 | - | - | |
42/48 |
12,008 | 10,158 | 9,710 | - | 1,157 | 1,051 | 3,602 | 30,560 | 11,551 | 6,013 | 11,951 | |
42 |
- | - | - | - | - | - | - | - | 3,066 | - | - | |
44 |
2,812 | 766 | 892 | - | 270 | 427 | - | 966 | 4,067 | 575 | 5,182 | |
440/4 |
2,812 | 766 | 892 | - | 270 | 427 | - | 966 | 4,067 | 575 | 5,182 | |
46 |
- | 482 | - | - | - | - | - | - | - | 500 | - | |
45 |
37 | 37 | - | - | 887 | 625 | 3,602 | 6,995 | 4,418 | 4,938 | 5,769 | |
450/3 |
37 | 37 | - | - | 884 | 625 | 3,602 | 6,914 | 4,418 | 3,759 | 5,769 | |
454/9 |
- | - | - | - | 3 | - | - | 80 | - | 1,179 | - | |
47/48 |
9,159 | 8,873 | 8,818 | - | - | - | - | 22,600 | - | - | 1,000 | |
492/3 |
- | - | - | - | 348 | - | - | 1,456 | - | - | 594 | |
| Income statement | ||||||||||||
76A |
- | - | - | - | - | - | - | - | - | 207 | 7,494 | |
9900 |
12,127 | 697 | -1,427 | -7,095 | 867 | 3,397 | -2,038 | 25,290 | 22,558 | 25,483 | 13,161 | |
62 |
- | - | - | - | - | 201 | 2,520 | 6,438 | 3,368 | 20,511 | 9,546 | |
630 |
1,118 | 346 | 260 | - | - | 75 | 728 | 965 | 5,196 | 2,011 | 1,676 | |
640/8 |
688 | 528 | 716 | - | 348 | 386 | 335 | 561 | 248 | 434 | 628 | |
66A |
- | - | - | - | - | - | - | 2,572 | - | - | - | |
9901 |
10,321 | -177 | -2,404 | -7,095 | 520 | 2,734 | -5,621 | 14,753 | 13,745 | 2,527 | 1,311 | |
75/76B |
12 | 0 | 5 | - | - | - | 501 | - | - | - | - | |
75 |
12 | 0 | 5 | - | - | - | 501 | - | - | - | - | |
65/66B |
204 | 250 | 43 | 155 | 157 | 154 | 204 | 387 | 384 | 852 | 791 | |
65 |
204 | 250 | 43 | 155 | 157 | 154 | 204 | 387 | 384 | 852 | 791 | |
9903 |
10,129 | -427 | -2,442 | -7,250 | 363 | 2,580 | -5,324 | 14,366 | 13,361 | 1,674 | 8,014 | |
67/77 |
- | - | - | - | - | - | - | 2,634 | 3,742 | 1,374 | 2,385 | |
9904 |
10,129 | -427 | -2,442 | -7,250 | 363 | 2,580 | -5,324 | 11,732 | 9,619 | 300 | 5,629 | |
9905 |
10,129 | -427 | -2,442 | -7,250 | 363 | 2,580 | -5,324 | 11,732 | 9,619 | 300 | 5,629 | |
| Appropriation of the result | ||||||||||||
9906 |
-550 | -10,679 | -10,252 | -7,811 | -561 | -924 | -3,504 | 24,420 | 12,688 | 3,069 | 5,629 | |
14P |
-10,679 | -10,252 | -7,811 | -561 | -924 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | - | - | - | 22,600 | - | - | 1,000 | |
694 |
- | - | - | - | - | - | - | 18,600 | - | - | - | |
695 |
- | - | - | - | - | - | - | 4,000 | - | - | 1,000 | |
| Social balance sheet | ||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | 0.7 | 0.3 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | 889 | 490 | |
| Document | ||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.
2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00416685.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00416685 | |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00391011 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00107360 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00127991 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20194538 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45300581 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-27300039 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-39300398 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33200136 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39300542 | |
| 31-12-2015 | full format | 10-08-2016 | 2016-41400526 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,439 | 169 | -2,143 | - | - | 2,810 | -4,893 | 15,719 | 18,942 | 4,538 | 2,987 | ||
| 11,247 | -81 | -2,181 | - | - | 2,656 | -4,596 | 12,697 | 14,815 | 2,311 | 7,305 | ||
| 0 | 3,867 | 1,033 | - | - | 0 | -415 | -11,663 | 15,377 | 0 | 7,352 | ||
| 10,436 | 57 | - | - | 498 | -264 | -31,887 | 18,948 | 8,002 | -1,593 | - | ||
| 4,334 | -6,913 | -2,965 | - | 7,847 | 7,136 | 4,481 | 10,118 | 11,271 | 7,463 | 5,747 | ||
| 38.5% | -34.7% | -29.2% | - | 83.3% | 87.2% | 55.9% | 23.6% | 56.6% | 64.9% | 46.3% | ||
| 1.36 | 0.32 | 0.69 | - | 7.78 | 7.79 | 2.24 | 1.33 | 1.98 | 2.24 | 1.48 | ||
| 1.25 | 0.24 | 0.61 | - | 7.78 | 7.79 | 2.24 | 1.33 | 1.98 | 2.24 | 1.48 | ||
| 1.60 | - | - | - | 0.20 | 0.15 | 0.79 | 3.24 | 0.77 | 0.54 | 1.16 | ||
| 134.9% | - | - | - | 4.8% | 36.2% | -116.9% | 118.7% | 46.4% | 2.7% | 52.0% | ||
| 51.9% | -5.7% | -32.5% | - | 4.0% | 31.5% | -65.3% | 28.0% | 26.2% | 1.8% | 24.1% | ||
| 55.96 | 0.68 | -49.74 | - | - | - | - | - | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,867 | €1,033 | - | - |
| €1,118 | €346 | €260 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €10,321, after a loss of €177 in 2024. It is the highest result since 2018.
Debt's share of the balance-sheet total is 61.5%.
Bevoegdheden van het bestuursorgaar Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van deze bevoegdheden te delegeren. Indien de vennootschap door meer dan één bestuurder wordt bestuurd, vormen zij een collegiaal bestuursorgaan. Het collegiaal bestuursorgaan kan vergaderen per telefoon- of videoconferentie. Het collegiaal bestuursorgaan vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Onverminderd de algemene vertegenwoordigingsmacht van het bestuursorgaan als college, zijn alle akten die de vennootschap verbinden, in en buiten rechte, geldig wanneer zij ondertekend worden door twee bestuurders die gezamenlijk optreden. Zij moeten tegenover derden geen bewijs leveren van hun machten. Het collegiaal bestuursorgaan kan bijzondere machten toekennen aan elke mandataris. Algemene vergadering - organisatie en bijeenroeping leder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, de laatste zaterdag van de maand mei, om 17 uur. Valt de hierboven bepaalde datum op een wettelijke feestdag dan wordt de algemene vergadering verschoven naar de eerstvolgende werkdag. Indien er slechts één aandeelhouder is,
Up2Charge has no parent and no holdings in its annual accounts. Up2Charge shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Up2Charge was incorporated on 20 February 2015.1 The registered office moved to Anderlecht in 2017 and to Haaltert in 2023.23 Since 2023 the company has been called Up2Charge.4 The board currently has 3 members, 2 of whom have served since 2022.5 Total assets fell from €41,896 in 2018 to €19,518 in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Jeruzalemstraat 6 registered office 9450 Haaltert | 20-02-2015 | 2.239.643.787 |
| Car TechCenter Kouterbaan 10, 9400 Ninove 5221004 Service activities incidental to land transportation | 01-11-2024 | 2.370.204.995 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41049A0442/00Y000 | 351 m² | 1 · 278 m² | 10.3 m · 2 |
| 41024A0094/00N002 | 206 m² | 1 · 142 m² | 10.2 m · 1 |
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 0598.852.264
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