UPCOM
ActiveSummary
UPCOM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €12k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 30% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-2
Solvency40▼-47
Growth64▼-14
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 2.39 in 2024; short-term debt: 31.6% and cash: 0.3% of total assets), but 85.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
14.8%
Return on assets
2.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
68 d late
2023
68 d late
2022
77 d late
2021
87 d late
2020
88 d late
2019
123 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€324k▲ 12.9%
2024 · €287k
2024: €287k
2025: €324k▲ +12.9% vs 2024
2024 → 2025
EBIT margin
6.9%▼ 2.7pp
2024 · 9.5%
2024: 9.5%
2025: 6.9%▼ -27.9% vs 2024
2024 → 2025
Net result
€12k▼ 18.0%
2024 · €15k
2018: €11k
2019: €3k▼ -75.2% vs 2018lowest in 8 years
2020: €57k▲ +1983% vs 2019highest in 8 years
2021: €15k▼ -73.4% vs 2020
2022: €42k▲ +177% vs 2021
2023: €19k▼ -55.2% vs 2022
2024: €15k▼ -21.3% vs 2023
2025: €12k▼ -18.0% vs 2024
2018 → 2025
Working capital
€310k▲ 129%
2024 · €136k
2018: €277k
2019: €240k▼ -13.1% vs 2018
2020: €233k▼ -3.2% vs 2019
2021: €142k▼ -38.9% vs 2020
2022: €278k▲ +95.5% vs 2021
2023: €134k▼ -51.9% vs 2022lowest in 8 years
2024: €136k▲ +1.5% vs 2023
2025: €310k▲ +129% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€287k€324k▲ 12.9%
2024: €287k
2025: €324k▲ +12.9% vs 2024
Equity€146k-€189k▲ 28.8%€207k▲ 10.0%€222k▲ 7.2%€85k▼ 62.0%
2021: €146k
2022: €189k▲ +28.8% vs 2021
2023: €207k▲ +10.0% vs 2022
2024: €222k▲ +7.2% vs 2023highest in 5 years
2025: €85k▼ -62.0% vs 2024lowest in 5 years
Operating result€18k-€45k▲ 150%€19k▼ 56.9%€27k▲ 42.7%€22k▼ 18.6%
2021: €18klowest in 5 years
2022: €45k▲ +150% vs 2021highest in 5 years
2023: €19k▼ -56.9% vs 2022
2024: €27k▲ +42.7% vs 2023
2025: €22k▼ -18.6% vs 2024
Net result€15k-€42k▲ 177%€19k▼ 55.2%€15k▼ 21.3%€12k▼ 18.0%
2021: €15k
2022: €42k▲ +177% vs 2021highest in 5 years
2023: €19k▼ -55.2% vs 2022
2024: €15k▼ -21.3% vs 2023
2025: €12k▼ -18.0% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €572k
Fixed assets
€81k ▼ 36.3%
Current assets
€491k ▲ 111%
Equity and liabilities €572k
Equity
€85k ▼ 62.0%
Debt
€487k ▲ 254%
Debt's share of the balance-sheet total rises from 38.2% to 85.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79k▼
2024 · €82k
Cash flow
€69k▼
2024 · €69k
Current ratio
2.72▲
2024 · 2.39
Debt to equity
5.76▲
2024 · 0.62
ROE
14.4%▲
2024 · 6.7%
ROA
2.1%▼
2024 · 4.1%
Interest coverage
22.82▼
2024 · 28.84
Debt ≤ 1 year
€181k▲
2024 · €98k
Income taxes
€9k▼
2024 · €13k
Staff costs
€289k▲
2024 · €199k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€360k€572k▲
Fixed assets21/28€127k€81k▼
Intangible fixed assets21€119k€68k▼
Tangible fixed assets22/27€7k€11k▲
Furniture and vehicles24€7k€11k▲
Financial fixed assets28€1k€1k=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€233k€491k▲
Amounts receivable within one year40/41€201k€488k▲
Trade receivables40€48k€39k▼
Other amounts receivable41€152k€449k▲
Cash at bank and in hand54/58€30k€2k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€360k€572k▲
Equity10/15€222k€85k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€208k€70k▼
Amounts payable17/49€137k€487k▲
Amounts payable within one year42/48€98k€181k▲
Financial debts43€3k€5k▲
Credit institutions430/8€3k€5k▲
Trade debts44€67k€64k▼
Suppliers440/4€67k€64k▼
Taxes, remuneration and social security45€28k€46k▲
Taxes450/3€6k€17k▲
Remuneration and social security454/9€22k€29k▲
Other amounts payable47/48-€65k
Accrued charges and deferred income492/3€40k€306k▲
Income statement
Code20242025
Operating income70/76A€352k€504k▲
Turnover70€287k€324k▲
Other operating income74€64k€179k▲
Operating charges60/66A€324k€481k▲
Services and other goods61€66k€135k▲
Remuneration, social security and pensions62€199k€289k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€56k▲
Other operating charges640/8€5k€530▼
Operating profit (loss)9901€27k€22k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Other financial income752/9€3k€4k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Debt charges650-€3k
Other financial charges652/9€3k€2k▼
Profit (loss) for the period before taxes9903€28k€21k▼
Income taxes67/77€13k€9k▼
Taxes670/3€13k€9k▼
Profit (loss) for the period9904€15k€12k▼
Profit (loss) for the period to be appropriated9905€15k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€208k€220k▲
Profit (loss) brought forward from the previous period14P€193k€208k▲
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)90872.84.2▲
The notes to these accounts (35 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €352k | €504k | ▲ 43.2% |
| Turnover70 | - | - | - | €287k | €324k | ▲ 12.9% |
| Other operating income74 | - | - | - | €64k | €179k | ▲ 179% |
| Non-recurring operating income76A | - | - | €995 | - | - | - |
| Operating charges60/66A | - | - | - | €324k | €481k | ▲ 48.5% |
| Services and other goods61 | - | - | - | €66k | €135k | ▲ 106% |
| Remuneration, social security and pensions62 | €149k | €224k | €139k | €199k | €289k | ▲ 45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €47k | €51k | €55k | €56k | ▲ 3.4% |
| Other operating charges640/8 | €432 | €765 | €583 | €5k | €530 | ▼ 90.4% |
| Gross operating margin9900 | €170k | €316k | €210k | - | - | - |
| Operating profit (loss)9901 | €18k | €45k | €19k | €27k | €22k | ▼ 18.6% |
| Financial income75/76B | €5k | €3k | €2k | €3k | €4k | ▲ 24.8% |
| Recurring financial income75 | €5k | €3k | €2k | €3k | €4k | ▲ 24.8% |
| Other financial income752/9 | - | - | - | €3k | €4k | ▲ 24.8% |
| Financial charges65/66B | €2k | €3k | €2k | €3k | €5k | ▲ 88.7% |
| Recurring financial charges65 | €2k | €3k | €2k | €3k | €5k | ▲ 88.7% |
| Debt charges650 | - | - | - | - | €3k | - |
| Other financial charges652/9 | - | - | - | €3k | €2k | ▼ 32.7% |
| Profit (loss) for the period before taxes9903 | €21k | €45k | €19k | €28k | €21k | ▼ 24.2% |
| Income taxes67/77 | €6k | €3k | €307 | €13k | €9k | ▼ 31.3% |
| Taxes670/3 | - | - | - | €13k | €9k | ▼ 31.3% |
| Profit (loss) for the period9904 | €15k | €42k | €19k | €15k | €12k | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €15k | €42k | €19k | €15k | €12k | ▼ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €560k | €559k | €503k | €360k | €572k | ▲ 58.9% |
| Fixed assets21/28 | €9k | €138k | €176k | €127k | €81k | ▼ 36.3% |
| Intangible fixed assets21 | - | €135k | €169k | €119k | €68k | ▼ 42.8% |
| Tangible fixed assets22/27 | €8k | €2k | €6k | €7k | €11k | ▲ 72.3% |
| Furniture and vehicles24 | €8k | €2k | €6k | €7k | €11k | ▲ 72.3% |
| Financial fixed assets28 | €707 | €707 | €707 | €1k | €1k | = |
| Other financial fixed assets284/8 | - | - | - | €1k | €1k | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €1k | €1k | = |
| Current assets29/58 | €552k | €421k | €328k | €233k | €491k | ▲ 111% |
| Amounts receivable within one year40/41 | €388k | €398k | €236k | €201k | €488k | ▲ 143% |
| Trade receivables40 | €56k | €60k | €27k | €48k | €39k | ▼ 19.2% |
| Other amounts receivable41 | €332k | €338k | €209k | €152k | €449k | ▲ 194% |
| Cash at bank and in hand54/58 | €164k | €20k | €92k | €30k | €2k | ▼ 93.5% |
| Deferred charges and accrued income490/1 | - | €2k | - | €2k | €1k | ▼ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €560k | €559k | €503k | €360k | €572k | ▲ 58.9% |
| Equity10/15 | €146k | €189k | €207k | €222k | €85k | ▼ 62.0% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €132k | €174k | €193k | €208k | €70k | ▼ 66.2% |
| Amounts payable17/49 | €414k | €370k | €296k | €137k | €487k | ▲ 254% |
| Amounts payable within one year42/48 | €410k | €143k | €194k | €98k | €181k | ▲ 85.2% |
| Financial debts43 | €2k | €2k | €518 | €3k | €5k | ▲ 71.8% |
| Credit institutions430/8 | €2k | €2k | €518 | €3k | €5k | ▲ 71.8% |
| Trade debts44 | €9k | €112k | €174k | €67k | €64k | ▼ 3.5% |
| Suppliers440/4 | €9k | €112k | €174k | €67k | €64k | ▼ 3.5% |
| Taxes, remuneration and social security45 | €56k | €30k | €20k | €28k | €46k | ▲ 65.4% |
| Taxes450/3 | €50k | €10k | €20k | €6k | €17k | ▲ 179% |
| Remuneration and social security454/9 | €6k | €20k | - | €22k | €29k | ▲ 32.7% |
| Other amounts payable47/48 | €342k | - | - | - | €65k | - |
| Accrued charges and deferred income492/3 | €5k | €227k | €102k | €40k | €306k | ▲ 668% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €42k | €19k | €15k | €12k | ▼ 18.0% |
| + Depreciation and write-downs630 | €3k | €47k | €51k | €55k | €56k | ▲ 3.4% |
| Operating cash flow (approximation) | €18k | €89k | €70k | €69k | €69k | ▼ 1.2% |
| Investment in fixed assets (approximation) | - | €-176k | €-88k | €-5k | €-10k | ▼ 90.3% |
| Change in cash | - | €-144k | €71k | €-62k | €-28k | ▲ 53.8% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 68 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Equity above €200kEq €207k ▲10%
6 profitable years in a row build equity to €207k.
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.94
Current ratio from 1.35 to 2.94; short-term debt falls from €410k to €143k.
31-12
Financial
Equity above €150kEq €189k ▲28.8%
5 profitable years in a row build equity to €189k.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €57k ▲1,983%
Operating result €76k, net result €57k, both a record.
31-12
Financial
Equity above €200kEq €231k ▲32.9%
3 profitable years in a row build equity to €231k.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €3k ▼75.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 6.10
Current ratio from 1.84 to 6.10; short-term debt falls from €328k to €47k.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 1997
Ground area
1,332 m²
Building footprint
857 m²
Volume, LiDAR
17,794 m³
Parcel 21363B0354/00H008, Brussels · tallest building 34.2 m, ±10 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
UPCOM
since 19972.082.032.942
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00H008 | Brussels | 1,332 m² | 1 · 857 m² | 34.2 m · 10 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.
Public money · subsidies and aid
European Union, budget
2021 · 3 entries · 317,203 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 3 | 317,203 EUR |
Projects
URBANOME - URBAN OBSERVATORY FOR MULTI-PARTICIPATORY ENHANCEMENT OF HEALTH AND WELLBEING
ICARUS - INTEGRATED CLIMATE FORCING AND AIR POLLUTION REDUCTION IN URBAN SYSTEMS
European research
5 projects · 1,354,419 EUR EU contributionProgrammes
Horizon 2020
Projects
From Real-world Identities to Privacy-preserving and Attribute-based CREDentials for Device-centric Access Control
Towards transparencY and Privacy in the onlinE advertising businesS
Integrated Climate forcing and Air pollution Reduction in Urban Systems
Urban Observatory for Multi-participatory Enhancement of Health and Wellbeing
EXPLORING THE NEUROLOGICAL EXPOSOME
Similar companies · same sector, comparable size
BENIM
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SYSTELIA
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JH COMPUTEC
BE 0716.738.146
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dotcircle
BE 0792.915.216
Gent · Eq €84,624
5A
BE 0672.757.455
Tervuren · Eq €84,492
Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,947 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 (pre-2019)
Founded23-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.