Public limited company · founded 2004 · active for 22 yearsRue de Frise,Upigny 0, 5310 Eghezée, BelgiumKBO/BCE: BE 0866.239.593
Summary
Upignac Group has a registered holding activity and consists mainly of financial fixed assets. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €24.4m and a net result of -€7.0m. Equity has been growing by about 10% per year since 2019. Its solvency ranks better than 65% of 3,863 sector peers (NACE 70, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Signalsraises risk2025 accounts filed 27 days lateShow the evidence
Checked score
Outside the general model
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Holding: general score not applicable
The company has a registered holding activity. Financial fixed assets make up more than half of its assets. The general model for operating companies does not fit such a balance sheet, so there is no score and no financial strength.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications
Key points
Caution: From profit to loss in 2025after a profit of €122,616 in 2024-€7.0mView
Caution: Lower net result than 95% of companies in head offices and management consultancysector median €54,042 · 3,862 companies-€7.0mView
Recent changes
· Gazette deedReappointments: Greindl Louis, Gaudio Xavier and 5 others
· Gazette deedCapital increase of €12,000,000 to €25,395,040Resignation: SAMANDA (director) · Appointment: SPARAXIS (director) · Permanent representatives: Sébastien GILLET and de la CERDA GILMAR Andrés Raul
· Gazette deedReappointments: SA SAMANDA, Corluy Luc and 6 othersPermanent representative: Andrès De la Cerda Gilmar
These companies have the same main activity as Upignac Group: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €25m and €41m, founded between 1999 and 2007.