Upling
ActiveSummary
Upling has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€31,369) and a net result of -€23,492. Equity is growing by about 98% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- -€31,369
- Loss
- -€23,492
Why 53raises riskCapped at 59: negative equityNegative equity -€31,369Liquidity: current ratio 0.66, cash €14,859, halvedlowers riskSize: total assets €1.5mNo main activity registeredShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro): better than 14% on solvency, 44% on liquidity, 21% on profitability and 1% on growth.
The bankruptcy probability was computed on 19-10-2026 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
This company filed its last 3 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2023 to 2025, 3 financial years
The operating result returns to profit in 2025: €1,042 after a loss of €22,696 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,472 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 74.5% 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 1,251 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104,360 | €27,187 | €40,325 | ▲ 48.3% |
| Other operating charges640/8 | €5,419 | €6,767 | €9,808 | ▲ 44.9% |
| Gross operating margin9900 | €22,794 | €11,259 | €51,174 | ▲ 355% |
| Operating profit (loss)9901 | -€86,984 | -€22,696 | €1,042 | - |
| Financial income75/76B | - | €0 | €684 | ▲ 3,421,650% |
| Recurring financial income75 | - | €0 | €684 | ▲ 3,421,650% |
| Financial charges65/66B | €10,941 | €22,218 | €25,087 | ▲ 12.9% |
| Recurring financial charges65 | €10,941 | €22,218 | €25,087 | ▲ 12.9% |
| Profit (loss) for the period before taxes9903 | -€97,926 | -€44,914 | -€23,360 | ▲ 48.0% |
| Income taxes67/77 | €82 | €54 | €132 | ▲ 143% |
| Profit (loss) for the period9904 | -€98,008 | -€44,969 | -€23,492 | ▲ 47.8% |
| Profit (loss) for the period to be appropriated9905 | -€98,008 | -€44,969 | -€23,492 | ▲ 47.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.0m | €1.4m | €1.5m | ▲ 7.5% |
| Fixed assets21/28 | €0.7m | €1.2m | €1.4m | ▲ 18.3% |
| Tangible fixed assets22/27 | €0.7m | €1.2m | €1.4m | ▲ 18.3% |
| Land and buildings22 | €0.7m | €1.2m | €1.4m | ▲ 18.3% |
| Furniture and vehicles24 | €0.001m | €305 | €76 | ▼ 75.1% |
| Current assets29/58 | €0.3m | €0.1m | €0.03m | ▼ 80.8% |
| Amounts receivable within one year40/41 | - | €0.01m | €0.005m | ▼ 53.0% |
| Trade receivables40 | - | €0.01m | €0.005m | ▼ 54.2% |
| Other amounts receivable41 | - | €246 | €246 | = |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.01m | ▼ 87.5% |
| Deferred charges and accrued income490/1 | €0.01m | €0.02m | €0.008m | ▼ 50.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.0m | €1.4m | €1.5m | ▲ 7.5% |
| Equity10/15 | -€0.09m | -€0.008m | -€0.03m | ▼ 298% |
| Contributions10/11 | €0.005m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.1m | -€0.2m | ▼ 16.4% |
| Amounts payable17/49 | €1.1m | €1.4m | €1.5m | ▲ 9.2% |
| Amounts payable after more than one year17 | €1.1m | €1.3m | €1.4m | ▲ 10.6% |
| Financial debts170/4 | €1.1m | €1.3m | €1.4m | ▲ 10.6% |
| Amounts payable within one year42/48 | €0.02m | €0.06m | €0.04m | ▼ 26.6% |
| Current portion of amounts payable after more than one year42 | €0.01m | €0.02m | €0.03m | ▲ 4.0% |
| Trade debts44 | €434 | €0.02m | €0.001m | ▼ 95.1% |
| Suppliers440/4 | €434 | €0.02m | €0.001m | ▼ 95.1% |
| Taxes, remuneration and social security45 | €457 | €457 | €0.001m | ▲ 10.9% |
| Taxes450/3 | €457 | €457 | €0.001m | ▲ 10.9% |
| Other amounts payable47/48 | €0.009m | €0.01m | €0.02m | ▲ 61.3% |
| Accrued charges and deferred income492/3 | - | - | €0.002m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€98,008 | -€44,969 | -€23,492 | ▲ 47.8% |
| + Depreciation and write-downs630 | €104,360 | €27,187 | €40,325 | ▲ 48.3% |
| Operating cash flow (approximation) | €6,352 | -€17,781 | €16,832 | - |
| Investment in fixed assets (approximation) | - | -€547,012 | -€261,069 | ▲ 52.3% |
| Change in cash | - | -€174,642 | -€104,344 | ▲ 40.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00212495 |
| 31-12-2024 | abbreviated format | 09-06-2025 | 2025-00126544 |
| 31-12-2023 | abbreviated format | 17-07-2024 | 2024-00255681 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
28-02
Gazette deed
Amendment of the articles · MiscellaneousKind of shares · Shareholding · Power of attorney15 facts ▸
- Kind of shares, “Inbrengen”, 100 (deed in Dutch)
- Other provision, 31-01-2024, “Statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Shareholding, Van Maercke Shana
- Other provision, “coordinatie statuten en neerlegging enige aandeelhouder, opdracht aan ondergetekende notaris coordinatie opmaken,ondertekenen,neerlegging verzorgen” (deed in Dutch)
- Power of attorney
- General meeting, 31-01-2024
- Auditor report, “Kortrijk, controle van inbreng in natura bij wijze van bijkomende inbreng” (deed in Dutch)
- Other provision, “vrijstelling voorlezing verslag bedrijfsrevisor en kennisname enige aandeelhouder, eenparigheid van stemmen” (deed in Dutch)
- Other provision, “ter griffie, neerlegging en bekendmaking verslag bedrijfsrevisor” (deed in Dutch)
- Other provision, “verslag bestuursorgaan voorstel bijkomende inbreng in natura, artikel 5:121 io.5:133 WVV” (deed in Dutch)
- Other provision, “kennisname verslag en verzaking termijnen door enige aandeelhouder, artikelen 2:8 en 2:14,4° WVV” (deed in Dutch)
- Capital contribution
- +3 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35020C0267/00D003 | Flanders | 202 m² | 1 · 60 m² | 11.7 m · 3 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- Upling
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit bestuursorgaan…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering overeenkomstig wettelijke bepalingen, bestuurder(s) in functie indien geen andere vereffenaar benoemd” (deed in Dutch)