UPDATE
ActiveSummary
The annual accounts of UPDATE for fiscal year 2024 show a net loss of 60% of the equity at the start of that year. The 2024 annual accounts show equity of €2,479 and a net result of -€3,776. Equity is shrinking by ~23.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 36% of 26043 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
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Signals
This company filed its last 6 accounts on average 45 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 1,221 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €1,599 | €1,273 | €3,398 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | €4,065 | €5,272 | €3,543 | €1,432 | ▼ 59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €460 | €345 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,574 | €2,833 | €2,267 | €2,267 | = |
| Other operating charges640/8 | - | €785 | €347 | €384 | - | - |
| Gross operating margin9900 | €6,185 | -€2,466 | -€4,000 | -€145 | -€1,432 | ▼ 888% |
| Operating profit (loss)9901 | €3,756 | -€5,170 | -€7,180 | -€2,796 | -€3,699 | ▼ 32.3% |
| Financial income75/76B | - | - | - | - | €2 | - |
| Recurring financial income75 | - | - | - | - | €2 | - |
| Financial charges65/66B | - | €334 | €260 | €202 | €79 | ▼ 60.9% |
| Recurring financial charges65 | €611 | €334 | €260 | €202 | €79 | ▼ 60.9% |
| Profit (loss) for the period before taxes9903 | €3,145 | -€5,504 | -€7,440 | -€2,998 | -€3,776 | ▼ 26.0% |
| Profit (loss) for the period9904 | €3,145 | -€5,504 | -€7,440 | -€2,998 | -€3,776 | ▼ 26.0% |
| Profit (loss) for the period to be appropriated9905 | €3,145 | -€5,504 | -€7,440 | -€2,998 | -€3,776 | ▼ 26.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,158 | €30,497 | €22,690 | €19,403 | €15,211 | ▼ 21.6% |
| Fixed assets21/28 | €345 | - | - | - | - | - |
| Tangible fixed assets22/27 | €345 | - | - | - | - | - |
| Current assets29/58 | €38,813 | €30,497 | €22,690 | €19,403 | €15,211 | ▼ 21.6% |
| Stocks and contracts in progress3 | €26,906 | €24,889 | €19,659 | €16,051 | €13,784 | ▼ 14.1% |
| Stocks30/36 | - | €24,889 | €19,659 | €16,051 | €13,784 | ▼ 14.1% |
| Amounts receivable within one year40/41 | - | - | €298 | €105 | €372 | ▲ 254% |
| Other amounts receivable41 | - | - | €298 | €105 | €372 | ▲ 254% |
| Cash at bank and in hand54/58 | €11,908 | €5,608 | €2,733 | €3,247 | €1,055 | ▼ 67.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,158 | €30,497 | €22,690 | €19,403 | €15,211 | ▼ 21.6% |
| Equity10/15 | €22,197 | €16,693 | €9,253 | €6,255 | €2,479 | ▼ 60.4% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Capital10 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Issued capital100 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Non-distributable reserves130/1 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Legal reserve130 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€43,803 | -€49,307 | -€56,747 | -€59,745 | -€63,521 | ▼ 6.3% |
| Amounts payable17/49 | €16,962 | €13,804 | €13,437 | €13,148 | €12,732 | ▼ 3.2% |
| Amounts payable within one year42/48 | €16,962 | €13,804 | €13,437 | €13,148 | €12,732 | ▼ 3.2% |
| Trade debts44 | €1,176 | €1,229 | €1,520 | €1,231 | €705 | ▼ 42.7% |
| Suppliers440/4 | - | €1,229 | €1,520 | €1,231 | €705 | ▼ 42.7% |
| Taxes, remuneration and social security45 | - | €58 | - | - | - | - |
| Taxes450/3 | - | €58 | - | - | - | - |
| Other amounts payable47/48 | - | €12,517 | €11,917 | €11,917 | €12,027 | ▲ 0.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,145 | -€5,504 | -€7,440 | -€2,998 | -€3,776 | ▼ 26.0% |
| + Depreciation and write-downs630 | €460 | €345 | - | - | - | - |
| Operating cash flow (approximation) | €3,605 | -€5,159 | -€7,440 | -€2,998 | -€3,776 | ▼ 26.0% |
| Change in cash | - | -€6,300 | -€2,875 | €514 | -€2,192 | ▼ 526% |
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 4 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
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52055D0101/00N004indicative | Wallonia | 488 m² | 1 · 80 m² | - |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 30 September 2026 · Peppol Directory
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