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Upgrade

Active
Private limited companyfounded 20197 years activeGompelbaan 209, 2400 Mol, BelgiumKBO/BCE: BE 0730.578.957
Summary

Upgrade has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,908 and a net result of -€1,824. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 2,776 sector peers (NACE 93, fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Fitness centres
NACE 93130Sports and recreation education NACE 85510
1 site
Size
€231,034total assets 2025
Equity
€17,908
Loss
-€1,824
Turnover not published (abridged schema)
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Accounts filed 24 days late0 of 3 deeds read
Why 66- 1 change of registered office in 24 months- Liquidity: current ratio 0.17, cash €8,087+ Sector Sports, amusement and recreation activities (NACE 93)+ Size: total assets €231,034Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 35% of its sector peers (NACE 93, micro)
Financial strength · tick = 2024
Weak
Solvency 33-13
equity 7.8% of total assets
Liquidity 38+9
short-term debt 36.4% · cash 3.5%
Profitability 68+4
return on assets -0.8%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,254 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.6 percentage points vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.8%▼ -0.1 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.9%▲ +0.1 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.5%▲ +0.6 percentage points vs 07-2026highest value 09-2026: 0.9%▼ -0.6 percentage points vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.59 in 2024; short-term debt: 36.4% and cash: 3.5% of total assets), and 92.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro): better than 32% on solvency, 33% on liquidity, 45% on profitability and 31% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Sector Sports, amusement and recreation activities (NACE 93)
KBO
lowers risk · Size: total assets €231,034
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.17, cash €8,087
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€1,824
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filings
Deviation from the deadline
2025
24 days late
2024
30 days early
2023
30 days early
2022
27 days early
2021
28 days early
2020
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€1,824 View
  • Total assets 20256 fiscal years filed €231,034 View
  • Active since 2019founded 10-07-2019 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€231,034
Loss
-€1,824
Solvency
7.8%
Total assets▲ 151%
Net result
20202025
Go to Financials

Timeline

Events
9
Since
2021
Next accounts
by 31-07-2027
  1. 31-12-2023Highest result since 2020
  2. 04-07-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Fitness centresNACE 93130
Founded
10-07-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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