UPCUT
ActiveSummary
The computed 12-month bankruptcy probability of UPCUT is 3.5% (moderate). The 2024 annual accounts show equity of €80,153 and a net result of €43,315. Equity is growing by ~102.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 8966 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
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Signals
This company filed its last 3 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 39,275 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
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 39,275 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.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,800 | €2,130 | €1,977 | ▼ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,429 | €3,242 | ▲ 127% |
| Gross operating margin9900 | €2,331 | €44,204 | €60,894 | ▲ 37.8% |
| Operating profit (loss)9901 | €531 | €40,645 | €55,675 | ▲ 37.0% |
| Financial income75/76B | €2 | €0 | €16 | ▲ 3,733% |
| Recurring financial income75 | €2 | €0 | €16 | ▲ 3,733% |
| Financial charges65/66B | €50 | €134 | €672 | ▲ 401% |
| Recurring financial charges65 | €50 | €134 | €672 | ▲ 401% |
| Profit (loss) for the period before taxes9903 | €483 | €40,511 | €55,019 | ▲ 35.8% |
| Income taxes67/77 | €190 | €8,465 | €11,705 | ▲ 38.3% |
| Profit (loss) for the period9904 | €292 | €32,046 | €43,315 | ▲ 35.2% |
| Profit (loss) for the period to be appropriated9905 | €292 | €32,046 | €43,315 | ▲ 35.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8,635 | €52,908 | €136,531 | ▲ 158% |
| Fixed assets21/28 | €650 | €6,274 | €12,152 | ▲ 93.7% |
| Intangible fixed assets21 | - | €2,855 | €1,572 | ▼ 44.9% |
| Tangible fixed assets22/27 | - | €3,419 | €10,580 | ▲ 209% |
| Furniture and vehicles24 | - | €3,419 | €10,580 | ▲ 209% |
| Financial fixed assets28 | €650 | - | - | - |
| Current assets29/58 | €7,985 | €46,633 | €124,379 | ▲ 167% |
| Amounts receivable within one year40/41 | €6,609 | €27,492 | €16,514 | ▼ 39.9% |
| Trade receivables40 | €6,450 | €27,492 | €2,218 | ▼ 91.9% |
| Other amounts receivable41 | €159 | - | €14,296 | - |
| Cash at bank and in hand54/58 | €1,376 | €19,141 | €107,379 | ▲ 461% |
| Deferred charges and accrued income490/1 | - | - | €486 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8,635 | €52,908 | €136,531 | ▲ 158% |
| Equity10/15 | €4,792 | €36,839 | €80,153 | ▲ 118% |
| Contributions10/11 | €4,500 | €4,500 | €4,500 | = |
| Profit (loss) carried forward14 | €292 | €32,339 | €75,653 | ▲ 134% |
| Amounts payable17/49 | €3,843 | €16,069 | €56,378 | ▲ 251% |
| Amounts payable after more than one year17 | - | - | €5,195 | - |
| Financial debts170/4 | - | - | €5,195 | - |
| Amounts payable within one year42/48 | €3,843 | €16,069 | €51,182 | ▲ 219% |
| Current portion of amounts payable after more than one year42 | - | - | €21,869 | - |
| Trade debts44 | €2,234 | €2,280 | €18,428 | ▲ 708% |
| Suppliers440/4 | €2,234 | €2,280 | €18,428 | ▲ 708% |
| Taxes, remuneration and social security45 | €924 | €8,581 | €10,663 | ▲ 24.3% |
| Taxes450/3 | €74 | €7,731 | €10,635 | ▲ 37.6% |
| Remuneration and social security454/9 | €850 | €850 | €28 | ▼ 96.7% |
| Other amounts payable47/48 | €686 | €5,208 | €223 | ▼ 95.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €292 | €32,046 | €43,315 | ▲ 35.2% |
| + Depreciation and write-downs630 | - | €1,429 | €3,242 | ▲ 127% |
| Operating cash flow (approximation) | €292 | €33,475 | €46,556 | ▲ 39.1% |
| Investment in fixed assets (approximation) | - | -€7,053 | -€9,119 | ▼ 29.3% |
| Change in cash | - | €17,766 | €88,238 | ▲ 397% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 fl. |
| 25742B0105/00B000 | Wallonia | 437 m² | 1 · 87 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.