Summary
UPENDO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €706,894 and a net result of €46,801. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 8102 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
48 d early
2023
8 d early
2022
46 d early
2021
34 d early
2020
47 d early
2019
53 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 34 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 27 June (4 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
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Financials · fiscal year 2025, micro schema
Equity
€706,894▲ 7.1%
2024 · €660,093
Net result
€46,801▲ 1.2%
2024 · €46,236
Total assets
€715,585▲ 6.6%
2024 · €671,102
Solvency
98.8%▲ 0.4pp
2024 · 98.4%
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 64, Financial service activities, except insurance and pension funding, 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€64,575▲ 54.9%€54,048▼ 16.3%€60,623▲ 12.2%€59,441▼ 1.9%€60,220▲ 1.3%
Net result€48,404within the sector's middle half▲ 54.5%€40,507within the sector's middle half▼ 16.3%€46,047within the sector's middle half▲ 13.7%€46,236within the sector's middle half▲ 0.4%€46,801within the sector's middle half▲ 1.2%
Equity€527,304above the sector's middle half▲ 10.1%€567,811above the sector's middle half▲ 7.7%€613,858above the sector's middle half▲ 8.1%€660,093above the sector's middle half▲ 7.5%€706,894above the sector's middle half▲ 7.1%
Total assets€534,946within the sector's middle half▲ 10.2%€576,563within the sector's middle half▲ 7.8%€622,335within the sector's middle half▲ 7.9%€671,102within the sector's middle half▲ 7.8%€715,585within the sector's middle half▲ 6.6%
Debt€7,642▲ 19.0%€8,752▲ 14.5%€8,477▼ 3.1%€11,009▲ 29.9%€8,691▼ 21.1%
Working capital€144,935above the sector's middle half▲ 65.2%€194,785above the sector's middle half▲ 34.4%€245,559above the sector's middle half▲ 26.1%€301,197above the sector's middle half▲ 22.7%€357,301above the sector's middle half▲ 18.6%
Solvency98.6%above the sector's middle half▼ 0.1pp98.5%above the sector's middle half▼ 0.1pp98.6%above the sector's middle half▲ 0.2pp98.4%above the sector's middle half▼ 0.3pp98.8%above the sector's middle half▲ 0.4pp
Current ratio65.54above the sector's middle half▼ 14.3071.86above the sector's middle half▲ 6.3265.83above the sector's middle half
Return on assets (ROA)9.0%within the sector's middle half▲ 2.6pp7.0%within the sector's middle half▼ 2.0pp7.4%within the sector's middle half▲ 0.4pp6.9%within the sector's middle half▼ 0.5pp6.5%within the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €715,585
Fixed assets
€356,093 ▼ 2.5%
Current assets
€359,492 ▲ 17.5%
Equity and liabilities €715,585
Equity
€706,894 ▲ 7.1%
Debt
€8,691 ▼ 21.1%
Debt's share of the balance-sheet total falls from 1.6% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.6%▼
2024 · 7.0%
Debt ≤ 1 year
€2,191▼
2024 · €4,646
Income taxes
€15,600▲
2024 · €15,412
A ratio outside any meaningful range has been withheld (balance sheet total €715,585, equity €706,894).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,736 | €8,736 | €8,905 | €9,166 | €9,166 | = |
| Other operating charges640/8 | €6,395 | €6,541 | €7,164 | €7,345 | €7,806 | ▲ 6.3% |
| Gross operating margin9900 | €79,706 | €69,325 | €76,691 | €75,952 | €77,193 | ▲ 1.6% |
| Operating profit (loss)9901 | €64,575 | €54,048 | €60,623 | €59,441 | €60,220 | ▲ 1.3% |
| Financial income75/76B | - | - | €697 | €2,250 | €2,250 | = |
| Recurring financial income75 | - | - | €697 | €2,250 | €2,250 | = |
| Financial charges65/66B | €37 | €39 | €39 | €44 | €69 | ▲ 58.2% |
| Recurring financial charges65 | €37 | €39 | €39 | €44 | €69 | ▲ 58.2% |
| Profit (loss) for the period before taxes9903 | €64,538 | €54,009 | €61,281 | €61,648 | €62,401 | ▲ 1.2% |
| Income taxes67/77 | €16,135 | €13,502 | €15,234 | €15,412 | €15,600 | ▲ 1.2% |
| Profit (loss) for the period9904 | €48,404 | €40,507 | €46,047 | €46,236 | €46,801 | ▲ 1.2% |
| Profit (loss) for the period to be appropriated9905 | €48,404 | €40,507 | €46,047 | €46,236 | €46,801 | ▲ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €534,946 | €576,563 | €622,335 | €671,102 | €715,585 | ▲ 6.6% |
| Fixed assets21/28 | €387,765 | €379,029 | €374,426 | €365,260 | €356,093 | ▼ 2.5% |
| Tangible fixed assets22/27 | €387,765 | €379,029 | €374,426 | €365,260 | €356,093 | ▼ 2.5% |
| Land and buildings22 | €387,765 | €379,029 | €374,426 | €365,260 | €356,093 | ▼ 2.5% |
| Current assets29/58 | €147,181 | €197,534 | €247,909 | €305,843 | €359,492 | ▲ 17.5% |
| Amounts receivable after more than one year29 | - | - | €225,000 | €225,000 | €225,000 | = |
| Other amounts receivable291 | - | - | €225,000 | €225,000 | €225,000 | = |
| Amounts receivable within one year40/41 | - | - | - | €697 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €697 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €147,181 | €191,453 | €22,212 | €77,896 | €132,242 | ▲ 69.8% |
| Deferred charges and accrued income490/1 | - | €6,081 | €697 | €2,250 | €2,250 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €534,946 | €576,563 | €622,335 | €671,102 | €715,585 | ▲ 6.6% |
| Equity10/15 | €527,304 | €567,811 | €613,858 | €660,093 | €706,894 | ▲ 7.1% |
| Contributions10/11 | €62,556 | €62,556 | €62,556 | €62,556 | €62,556 | = |
| Reserves13 | €464,092 | €504,092 | €550,092 | €595,092 | €643,092 | ▲ 8.1% |
| Tax-exempt reserves132 | €8,891 | €8,891 | €8,891 | €8,891 | €8,891 | = |
| Distributable reserves133 | €455,201 | €495,201 | €541,201 | €586,201 | €634,201 | ▲ 8.2% |
| Profit (loss) carried forward14 | €656 | €1,163 | €1,210 | €2,446 | €1,247 | ▼ 49.0% |
| Amounts payable17/49 | €7,642 | €8,752 | €8,477 | €11,009 | €8,691 | ▼ 21.1% |
| Amounts payable within one year42/48 | €2,246 | €2,749 | €2,349 | €4,646 | €2,191 | ▼ 52.8% |
| Trade debts44 | €111 | €2,247 | €115 | €0 | €591 | - |
| Suppliers440/4 | €111 | €2,247 | €115 | €0 | €591 | - |
| Taxes, remuneration and social security45 | €2,135 | €502 | €2,234 | €4,646 | €1,600 | ▼ 65.6% |
| Taxes450/3 | €2,135 | €502 | €2,234 | €4,646 | €1,600 | ▼ 65.6% |
| Accrued charges and deferred income492/3 | €5,396 | €6,003 | €6,128 | €6,363 | €6,500 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,404 | €40,507 | €46,047 | €46,236 | €46,801 | ▲ 1.2% |
| + Depreciation and write-downs630 | €8,736 | €8,736 | €8,905 | €9,166 | €9,166 | = |
| Operating cash flow (approximation) | €57,140 | €49,243 | €54,951 | €55,402 | €55,967 | ▲ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | -€4,302 | €0 | €0 | - |
| Change in cash | - | €44,272 | -€169,241 | €55,684 | €54,346 | ▼ 2.4% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 164.08
Current ratio from 65.83 to 164.08; short-term debt falls from €4,646 to €2,191.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €48,404 ▲54.5%
Operating result €64,575, net result €48,404, both a record.
31-12
Financial
Equity above €500,000Eq €527,304 ▲10.1%
3 profitable years in a row build equity to €527,304.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €31,329 ▼6.7%
Net result drops to €31,329, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 79.84
Current ratio from 33.40 to 79.84; short-term debt falls from €1,469 to €1,112.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Brugge · 1 establishment unit since 2019
Ground area
1,260 m²
Building footprint
282 m²
Volume, LiDAR
1,722 m³
Parcel 31029B0408/00B000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
UPENDO
since 20192.292.215.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029B0408/00B000 | Flanders | 1,260 m² | 1 · 282 m² | 7.0 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.
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Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 13,323 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
Founded02-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
73200Market research and public opinion polling
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
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Register as of 30 September 2026 · Peppol Directory
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