Equity
€6.4m from €16.9m in 2012
Equity fell by 62% in 13 years.
UPLACE
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1990peak €663,238 (2022)
-€715,131▲ €3.6m
lowest -€9.7m (2016)
-€691,494▲ €3.6m
peak €16.9m (2012)
€6.4m▲ €7.0m
€31.3m▲ 20.9%
peak 12.8 FTE (2008)
-not published
Board9 names since 2007
2 directorsBart VERHAEGHE and 1 other
Owners4 names in the annual accounts
consolidatesBeaver Lakes
Documentsfilings and deeds
19-06-202642 days before the deadline
2025financial year
Gross margin from -€4.3m to -€715,131Loss of €691,4941 statutory auditor appointed, 3 directors resigning, 3 reapp… 05-12Equity from -€564,286 to €6.4mDebts from €25.9m to €31.3mCash from €198,940 to €490,923
Key points
from the 2025 annual accountsLosses
-€6.1m in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€31.3m 83% of the balance sheet
Financial debts 46%Suppliers 22%Other 32%
€24.5m of the debts are secured on the company's own assets. In 2021 that was €11.2m.
At the same address
15 companies
Board
1 joined · 1 left
Board changed. Latest change 01-10-2026 · 3 in office.
Position in the sector
-€691,494
Lower net result than 95% of companies in real estate. Sector median €20,526 · 5,817 companies.
Net result +84%: other schema
Checked score
93
Excellent
Financially stronger than 43% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.5 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026highest value
07-2026: 0.1%▼ -0.5 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.05, cash €490,923
Equity €6.4m (17.0% of total assets)
lowers risk
Size: total assets €37.7m
Figures for financial year 2025 (filed on 19-06-2026)
Calculation
The band follows from the bankruptcy probability. 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 68, medium-sized). It does better than 38% of them on solvency, 7% on liquidity, 29% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 137 companies had the same profile as UPLACE has now. Each dot is one company, two years later.
95.6%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
The bankruptcy probability of UPLACE itself is lower: 0.1% within 12 months. It rests on far more data about UPLACE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 137 companies, not a prediction for UPLACE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.05 (2.41 in 2024), below the usual 1.5. Short-term debt is 83% and cash 1.3% of total assets. 83% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
6 days early
2023
14 days early
2022
3 days early
2021
30 days late
2020
23 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Beaver Lakes 100%equity €303.8m (2025) · 2025 annual accounts of Beaver Lakes
- BEAVER LAKES NV consolidatesannual accounts 2025
Shares in 1 company, COLLEGESITE
Board & ownershipRecent changes
New managing director
Lisa VERHAEGHE appointed, Jan VAN LANCKER resigned · Board meeting of 01-10-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0437619656
Demerger proposal: U-BROEKLIN BV splits off to UPLACE BV
Permanent representative: Bart VERHAEGHE · Incorporation: U-MAKE BV · Incorporation: U-WORK BV · Board meeting of 12-10-2026 · Gazette deed
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Wim Van Gasse · General meeting of 08-10-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| UPLACE Grimbergen | €37.7m | -€715,131 | 17.0% | - |
| SERVICES ET PROMOTION DE LASNE Lasne | €47.0m | -€205,833 | 58.9% | 0.8 |
| PATCOBEL Anzegem | €21.2m | -€21,531 | 99.7% | 1 |
| COMPAGNIE DE PROMOTION Uccle | €21.2m | -€147,753 | 68.9% | 1.5 |
| MPT KOUTER Charleroi | €37.2m | -€21,764 | -19.8% | 0 |
| VLIM Gerpinnes | €17.2m | -€103,477 | 51.0% | - |
| TER POELE BELVEDERE Merelbeke-Melle | €16.0m | -€8,625 | 81.9% | - |
These companies have the same main activity as UPLACE: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €16m and €47m, founded between 1982 and 2004.
Official details
Source: KBO- Status
- Active since 05-06-1989Normal situation
- Registered office
- 16 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Real estate agency activitiesNACE 68310and 3 others
- Establishment unit
- 2.044.050.1181853 Grimbergen, since 06-07-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €37.7m▲ 48.8%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Companies linked to UPLACE
Parent and group
Insights on UPLACE
UPLACE has existed since 1989. In 2022 the gross margin rose from €93,058 to €663,238.
Solvency rose in 2025 from -2.2% to 17.0% because of a capital increase.
Beaver Lakes holds all the shares. In October 2026, the Official Gazette published the appointment of Lisa VERHAEGHE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about UPLACE
- What is the company number of UPLACE?
- The company number of UPLACE is 0437.619.656. The VAT number is the same number with BE in front: BE 0437.619.656.
- Where is UPLACE based?
- The registered office is at Boechoutlaan 221, 1853 Grimbergen.Company details
- What does UPLACE do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of UPLACE?
- UPLACE is a public limited company (NV).
- When was UPLACE founded?
- UPLACE was founded on 05-06-1989.
- Is UPLACE still active?
- Yes, UPLACE is an active enterprise in the KBO register.
- What is the turnover of UPLACE?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is UPLACE profitable?
- In financial year 2025, UPLACE made a loss of €691,494.
- Where can I find the annual accounts of UPLACE?
- UPLACE filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of UPLACE due?
- UPLACE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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