Upendi
ActiveSummary
Upendi has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,157 and a net result of €1,877. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 808 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-20
Solvency38▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four 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 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.8%
Return on assets
3.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 808 sector peers (2025).
NBB · sector comparisonPosition among 808 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 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 · 9 filingsDeviation from the deadline
2025
3 d late
2024
123 d late
2023
23 d early
2022
21 d early
2021
27 d early
2020
25 d early
2019
17 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 2 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 10 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,157▲ 35.5%
2024 · €5,280
Total assets
€56,096▼ 8.7%
2024 · €61,434
Net result
€1,877▼ 84.3%
2024 · €11,946
Working capital
€12,469▲ 23.7%
2024 · €10,083
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 78, Employment 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€9,701-€6,900€9,945€14,139▲ 42.2%€4,866▼ 65.6%
Net result€7,854within the sector's middle half-€8,842below the sector's middle half€7,883within the sector's middle half€11,946within the sector's middle half▲ 51.5%€1,877within the sector's middle half▼ 84.3%
Equity€9,293below the sector's middle half▲ 546%€451below the sector's middle half▼ 95.1%€8,334below the sector's middle half▲ 1,748%€5,280below the sector's middle half▼ 36.6%€7,157below the sector's middle half▲ 35.5%
Total assets€47,604below the sector's middle half▲ 30.3%€46,860below the sector's middle half▼ 1.6%€51,447below the sector's middle half▲ 9.8%€61,434within the sector's middle half▲ 19.4%€56,096below the sector's middle half▼ 8.7%
Debt€38,311▲ 9.2%€46,409▲ 21.1%€43,113▼ 7.1%€56,154▲ 30.2%€48,940▼ 12.8%
Working capital€6,469within the sector's middle half-€5,719below the sector's middle half€14,006within the sector's middle half€10,083within the sector's middle half▼ 28.0%€12,469within the sector's middle half▲ 23.7%
Solvency19.5%below the sector's middle half▲ 15.6pp1.0%below the sector's middle half▼ 18.6pp16.2%below the sector's middle half▲ 15.2pp8.6%below the sector's middle half▼ 7.6pp12.8%below the sector's middle half▲ 4.2pp
Current ratio1.20within the sector's middle half▲ 0.300.86below the sector's middle half▼ 0.351.52within the sector's middle half▲ 0.661.24within the sector's middle half▼ 0.281.36within the sector's middle half▲ 0.12
Return on assets (ROA)16.5%within the sector's middle half▲ 88.4pp-18.9%below the sector's middle half▼ 35.4pp15.3%within the sector's middle half▲ 34.2pp19.4%within the sector's middle half▲ 4.1pp3.3%within the sector's middle half▼ 16.1pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment 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 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56,096
Fixed assets
€8,687 ▼ 5.5%
Current assets
€47,409 ▼ 9.2%
Equity and liabilities €56,096
Equity
€7,157 ▲ 35.5%
Debt
€48,940 ▼ 12.8%
Debt's share of the balance-sheet total falls from 91.4% to 87.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,519▼
2024 · €16,880
Cash flow
€4,529▼
2024 · €14,686
Debt to equity
6.84▼
2024 · 10.63
ROE
26.2%▼
2024 · 226.2%
Interest coverage
9.88▲
2024 · 7.99
Debt ≤ 1 year
€34,940▼
2024 · €42,154
Debt > 1 year
€14,000=
2024 · €14,000
Income taxes
€2,303▲
2024 · €151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 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 4,508 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 | €4,863 | €2,063 | €2,770 | €2,740 | €2,653 | ▼ 3.2% |
| Other operating charges640/8 | - | €2,580 | €2,638 | €3,089 | €3,683 | ▲ 19.2% |
| Gross operating margin9900 | €15,596 | -€2,257 | €15,353 | €19,969 | €11,202 | ▼ 43.9% |
| Operating profit (loss)9901 | €9,701 | -€6,900 | €9,945 | €14,139 | €4,866 | ▼ 65.6% |
| Financial income75/76B | - | €28 | €101 | €69 | €75 | ▲ 8.3% |
| Recurring financial income75 | €18 | €28 | €101 | €69 | €75 | ▲ 8.3% |
| Financial charges65/66B | - | €1,815 | €2,017 | €2,112 | €761 | ▼ 64.0% |
| Recurring financial charges65 | €1,714 | €1,815 | €2,017 | €2,112 | €761 | ▼ 64.0% |
| Profit (loss) for the period before taxes9903 | €8,006 | -€8,687 | €8,029 | €12,097 | €4,180 | ▼ 65.4% |
| Income taxes67/77 | €151 | €155 | €145 | €151 | €2,303 | ▲ 1,426% |
| Profit (loss) for the period9904 | €7,854 | -€8,842 | €7,883 | €11,946 | €1,877 | ▼ 84.3% |
| Profit (loss) for the period to be appropriated9905 | €7,854 | -€8,842 | €7,883 | €11,946 | €1,877 | ▼ 84.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,604 | €46,860 | €51,447 | €61,434 | €56,096 | ▼ 8.7% |
| Fixed assets21/28 | €9,171 | €13,138 | €10,367 | €9,197 | €8,687 | ▼ 5.5% |
| Intangible fixed assets21 | - | €5,531 | €4,325 | €3,119 | €1,913 | ▼ 38.7% |
| Tangible fixed assets22/27 | €8,868 | €7,303 | €5,739 | €5,775 | €6,471 | ▲ 12.1% |
| Furniture and vehicles24 | - | €1,363 | €647 | €0 | €1,859 | - |
| Other tangible fixed assets26 | - | €5,941 | €5,092 | €5,775 | €4,612 | ▼ 20.1% |
| Financial fixed assets28 | €303 | €303 | €303 | €303 | €303 | = |
| Current assets29/58 | €38,433 | €33,722 | €41,080 | €52,237 | €47,409 | ▼ 9.2% |
| Amounts receivable within one year40/41 | €13,300 | €23,273 | €15,966 | €22,397 | €21,378 | ▼ 4.6% |
| Trade receivables40 | - | €23,254 | €15,966 | €22,397 | €21,370 | ▼ 4.6% |
| Other amounts receivable41 | - | €20 | €0 | - | €7 | - |
| Cash at bank and in hand54/58 | €25,133 | €10,449 | €25,114 | €28,387 | €24,565 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,453 | €1,466 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,604 | €46,860 | €51,447 | €61,434 | €56,096 | ▼ 8.7% |
| Equity10/15 | €9,293 | €451 | €8,334 | €5,280 | €7,157 | ▲ 35.5% |
| Contributions10/11 | - | €25,000 | €25,000 | €10,000 | €10,000 | = |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | - | €2,500 | €2,500 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €2,500 | €0 | - | - |
| Distributable reserves133 | - | - | - | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€18,207 | -€27,049 | -€19,166 | -€7,220 | -€5,343 | ▲ 26.0% |
| Amounts payable17/49 | €38,311 | €46,409 | €43,113 | €56,154 | €48,940 | ▼ 12.8% |
| Amounts payable after more than one year17 | €6,347 | €6,968 | €16,039 | €14,000 | €14,000 | = |
| Financial debts170/4 | - | €6,968 | €16,039 | €14,000 | €14,000 | = |
| Amounts payable within one year42/48 | €31,964 | €39,441 | €27,074 | €42,154 | €34,940 | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | - | €6,752 | €4,929 | €2,039 | €0 | ▼ 100% |
| Trade debts44 | €2,387 | €8,677 | €11,899 | €13,453 | €11,670 | ▼ 13.3% |
| Suppliers440/4 | - | €8,677 | €11,899 | €13,453 | €11,670 | ▼ 13.3% |
| Taxes, remuneration and social security45 | - | €9,563 | €9,854 | €10,598 | €10,245 | ▼ 3.3% |
| Taxes450/3 | - | €7,598 | €7,629 | €8,368 | €8,005 | ▼ 4.3% |
| Remuneration and social security454/9 | - | €1,965 | €2,225 | €2,230 | €2,240 | ▲ 0.4% |
| Other amounts payable47/48 | - | €14,448 | €392 | €16,064 | €13,025 | ▼ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,854 | -€8,842 | €7,883 | €11,946 | €1,877 | ▼ 84.3% |
| + Depreciation and write-downs630 | €4,863 | €2,063 | €2,770 | €2,740 | €2,653 | ▼ 3.2% |
| Operating cash flow (approximation) | €12,717 | -€6,779 | €10,654 | €14,686 | €4,529 | ▼ 69.2% |
| Investment in fixed assets (approximation) | - | -€6,030 | €0 | -€1,570 | -€2,143 | ▼ 36.5% |
| Change in cash | - | -€14,684 | €14,665 | €3,273 | -€3,822 | ▼ 217% |
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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 123 days late
2024
30-06
Financial
Highest result since 2019net €11,946 ▲51.5%
Operating result €14,139, net result €11,946, both a record.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €7,883
Net result €7,883 after one loss-making year.
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €7,854
Net result €7,854 after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€26,266
Net result drops to -€26,266, the lowest in the series; recovery starts the following year.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 2015
Ground area
6,668 m²
Building footprint
599 m²
Volume, LiDAR
3,860 m³
Parcel 23027F0009/00L019, Flanders · tallest building 24.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Upendi
since 20152.246.180.696
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027F0009/00L019 | Flanders | 6,668 m² | 1 · 599 m² | 24.3 m · 1 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.
Subsidies and aid
Flemish government
2023 · 1 entry · 1,155 EUR awarded · 1,155 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,155 EUR | 1,155 EUR |
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
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LINKING TALENTS BELGIUM
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FRAMY
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Of 2,357 companies in this sector we hold annual accounts for 1,365. 539 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-09-2015
Fiscal year end30-06
Activities, NACEBEL 2025
78100Employment placement agencies
82300Organisation of conventions and trade shows
85599Other education
Contact
E-mail
gina.buydaert@upendi.beHalle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0637754511
Also
9925:BE0637754511
Registered
27-10-2025
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.