UP2ME
ActiveSummary
UP2ME has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,879 and a net result of €7,119. Equity is growing by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-5
Solvency36▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.99 in 2024; short-term debt: 38.2% and cash: 5.5% of total assets), and 88.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
5.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
15 d early
2023
36 d early
2022
24 d early
2021
31 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€13,879▲ 105%
2024 · €6,760
Total assets
€124,450▼ 20.3%
2024 · €156,147
Net result
€7,119▼ 52.2%
2024 · €14,886
Working capital
€7,998
2024 · -€773
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39,434▲ 178%€15,697▼ 60.2%€10,023▼ 36.1%€25,914▲ 159%€16,841▼ 35.0%
Net result€31,984above the sector's middle half▲ 513%€6,783within the sector's middle half▼ 78.8%€433within the sector's middle half▼ 93.6%€14,886within the sector's middle half▲ 3,341%€7,119within the sector's middle half▼ 52.2%
Equity-€15,342below the sector's middle half▲ 67.6%-€8,558below the sector's middle half▲ 44.2%-€8,126below the sector's middle half▲ 5.1%€6,760below the sector's middle half€13,879below the sector's middle half▲ 105%
Total assets€165,958within the sector's middle half▼ 0.9%€172,694within the sector's middle half▲ 4.1%€157,459within the sector's middle half▼ 8.8%€156,147within the sector's middle half▼ 0.8%€124,450within the sector's middle half▼ 20.3%
Debt€181,300▼ 15.6%€181,253=€165,585▼ 8.6%€149,387▼ 9.8%€110,571▼ 26.0%
Working capital-€6,016below the sector's middle half▲ 64.5%-€14,826below the sector's middle half▼ 146%-€14,084below the sector's middle half▲ 5.0%-€773below the sector's middle half▲ 94.5%€7,998within the sector's middle half
Solvency-9.2%below the sector's middle half▲ 19.0pp-5.0%below the sector's middle half▲ 4.3pp-5.2%below the sector's middle half▼ 0.2pp4.3%below the sector's middle half▲ 9.5pp11.2%below the sector's middle half▲ 6.8pp
Current ratio0.89below the sector's middle half▲ 0.180.69below the sector's middle half▼ 0.200.76below the sector's middle half▲ 0.070.99below the sector's middle half▲ 0.231.17within the sector's middle half▲ 0.18
Return on assets (ROA)19.3%above the sector's middle half▲ 16.2pp3.9%within the sector's middle half▼ 15.3pp0.3%below the sector's middle half▼ 3.7pp9.5%within the sector's middle half▲ 9.3pp5.7%within the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,450
Fixed assets
€68,947 ▼ 22.3%
Current assets
€55,503 ▼ 17.7%
Equity and liabilities €124,450
Equity
€13,879 ▲ 105%
Debt
€110,571 ▼ 26.0%
Debt's share of the balance-sheet total falls from 95.7% to 88.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,823▼
2024 · €50,235
Cash flow
€31,101▼
2024 · €39,207
Debt to equity
7.97▼
2024 · 22.10
ROE
51.3%▼
2024 · 220.2%
Interest coverage
7.82▼
2024 · 8.93
Debt ≤ 1 year
€47,505▼
2024 · €68,207
Debt > 1 year
€63,066▼
2024 · €81,180
Income taxes
€4,933▼
2024 · €5,599
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,443 | €22,706 | €26,512 | €24,321 | €23,982 | ▼ 1.4% |
| Other operating charges640/8 | €4,751 | €5,111 | €7,077 | €4,877 | €4,482 | ▼ 8.1% |
| Gross operating margin9900 | €61,628 | €43,514 | €43,613 | €55,112 | €45,305 | ▼ 17.8% |
| Operating profit (loss)9901 | €39,434 | €15,697 | €10,023 | €25,914 | €16,841 | ▼ 35.0% |
| Financial income75/76B | €144 | - | €22 | €193 | €433 | ▲ 124% |
| Recurring financial income75 | €144 | - | €22 | €193 | €433 | ▲ 124% |
| Financial charges65/66B | €7,594 | €7,407 | €6,706 | €5,623 | €5,221 | ▼ 7.1% |
| Recurring financial charges65 | €7,594 | €7,407 | €6,706 | €5,623 | €5,221 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €31,984 | €8,290 | €3,340 | €20,485 | €12,052 | ▼ 41.2% |
| Income taxes67/77 | - | €1,506 | €2,907 | €5,599 | €4,933 | ▼ 11.9% |
| Profit (loss) for the period9904 | €31,984 | €6,783 | €433 | €14,886 | €7,119 | ▼ 52.2% |
| Profit (loss) for the period to be appropriated9905 | €31,984 | €6,783 | €433 | €14,886 | €7,119 | ▼ 52.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,958 | €172,694 | €157,459 | €156,147 | €124,450 | ▼ 20.3% |
| Fixed assets21/28 | €116,905 | €139,547 | €113,034 | €88,713 | €68,947 | ▼ 22.3% |
| Tangible fixed assets22/27 | €116,305 | €138,947 | €112,434 | €88,113 | €68,347 | ▼ 22.4% |
| Land and buildings22 | €109,989 | €96,427 | €83,339 | €70,984 | €58,629 | ▼ 17.4% |
| Plant, machinery and equipment23 | - | €4,264 | €3,346 | €2,429 | €1,512 | ▼ 37.7% |
| Furniture and vehicles24 | €6,316 | €38,257 | €25,749 | €14,700 | €8,206 | ▼ 44.2% |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €49,053 | €33,148 | €44,425 | €67,434 | €55,503 | ▼ 17.7% |
| Amounts receivable within one year40/41 | €26,094 | €17,156 | €24,129 | €52,765 | €47,767 | ▼ 9.5% |
| Trade receivables40 | €21,500 | €17,156 | €23,290 | €47,496 | €37,078 | ▼ 21.9% |
| Other amounts receivable41 | €4,594 | - | €840 | €5,268 | €10,689 | ▲ 103% |
| Cash at bank and in hand54/58 | €13,690 | €9,209 | €9,905 | €8,888 | €6,853 | ▼ 22.9% |
| Deferred charges and accrued income490/1 | €9,269 | €6,782 | €10,390 | €5,781 | €883 | ▼ 84.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,958 | €172,694 | €157,459 | €156,147 | €124,450 | ▼ 20.3% |
| Equity10/15 | -€15,342 | -€8,558 | -€8,126 | €6,760 | €13,879 | ▲ 105% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €7,679 | ▲ 313% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €7,679 | ▲ 313% |
| Profit (loss) carried forward14 | -€23,402 | -€16,618 | -€16,186 | -€1,300 | €0 | ▲ 100% |
| Amounts payable17/49 | €181,300 | €181,253 | €165,585 | €149,387 | €110,571 | ▼ 26.0% |
| Amounts payable after more than one year17 | €125,540 | €132,704 | €107,076 | €81,180 | €63,066 | ▼ 22.3% |
| Financial debts170/4 | €125,540 | €132,704 | €107,076 | €81,180 | €63,066 | ▼ 22.3% |
| Amounts payable within one year42/48 | €55,069 | €47,973 | €58,508 | €68,207 | €47,505 | ▼ 30.4% |
| Current portion of amounts payable after more than one year42 | €32,402 | €25,848 | €25,628 | €25,896 | €22,163 | ▼ 14.4% |
| Financial debts43 | - | - | - | €2,750 | €4,141 | ▲ 50.6% |
| Credit institutions430/8 | - | - | - | €2,750 | €4,141 | ▲ 50.6% |
| Trade debts44 | €4,862 | €8,257 | €10,835 | €14,357 | €4,817 | ▼ 66.5% |
| Suppliers440/4 | €4,862 | €8,257 | €10,835 | €14,357 | €4,817 | ▼ 66.5% |
| Taxes, remuneration and social security45 | €14,704 | €9,898 | €18,946 | €22,103 | €13,285 | ▼ 39.9% |
| Taxes450/3 | €14,704 | €9,898 | €18,946 | €22,103 | €13,285 | ▼ 39.9% |
| Other amounts payable47/48 | €3,100 | €3,971 | €3,100 | €3,100 | €3,100 | = |
| Accrued charges and deferred income492/3 | €691 | €575 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,984 | €6,783 | €433 | €14,886 | €7,119 | ▼ 52.2% |
| + Depreciation and write-downs630 | €17,443 | €22,706 | €26,512 | €24,321 | €23,982 | ▼ 1.4% |
| Operating cash flow (approximation) | €49,427 | €29,489 | €26,945 | €39,207 | €31,101 | ▼ 20.7% |
| Investment in fixed assets (approximation) | - | -€45,348 | €0 | €0 | -€4,216 | - |
| Change in cash | - | -€4,480 | €696 | -€1,017 | -€2,035 | ▼ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €31,984 ▲513%
Operating result €39,434, net result €31,984, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,221
Net result €5,221 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2008
Ground area
539 m²
Building footprint
79 m²
Volume, LiDAR
496 m³
Parcel 11602C0005/00C000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Up2Me
since 20082.169.927.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0005/00C000 | Flanders | 539 m² | 1 · 79 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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: expect extra rules on renovation or sale.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 1,859 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895594862
Also
9925:BE0895594862
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.