Equity
UPPER SIDE paid out €69,940 in dividends. That is 102% of the 2025 profit.
UPPER SIDE paid out €69,940 in dividends. That is 102% of the 2025 profit.
Short-term debts rose from €28,374 to €80,551.
Higher net result than 92% of companies in retail trade. Sector median €5,052 · 22,900 companies.
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 92% of them on solvency, 68% on liquidity, 89% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
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).
In July 2024, 26,972 companies had the same profile as UPPER SIDE has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of UPPER SIDE itself is lower: 0.2% within 12 months. It rests on far more data about UPPER SIDE than the profile alone.
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 26,972 companies, not a prediction for UPPER SIDE. 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.
Liquidity is ample, with a current ratio of 3.95 (9.2 in 2024), above the usual 1.5. Short-term debt is 24.8% and cash 16.1% of total assets. 24.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Shares in 1 company, LEXINGTON AVENUE
Board & ownership| Company | ||||
|---|---|---|---|---|
| UPPER SIDE Woluwe-Saint-Pierre | €324,525 | €67,050 | 75.2% | - |
| Fyn Hasselt | €295,257 | €52,809 | 22.0% | - |
| SPORTFINDER Charleroi | €298,320 | €60,146 | 91.1% | - |
| BESTELLER Herentals | €377,328 | €86,348 | 47.5% | - |
| HECTAGON CONSULTING Soignies | €251,263 | €80,417 | 73.1% | - |
| CORE RETAIL Grobbendonk | €405,921 | €72,845 | 61.5% | - |
| FREYA PRODUCTS Wevelgem | €242,109 | €76,850 | 50.4% | - |
These companies have the same main activity as UPPER SIDE: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €242,000 and €406,000, founded between 2017 and 2019.
UPPER SIDE files the micro format. That format states no turnover. The gross margin fell from €73,925 in 2019 to €67,050 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €700,000. Estimated: probably between €430,000 and €1.0m.
Higher than 84% of 22,917 companies in 2025.
Higher than 83% of 22,047 companies in 2025.
Higher than 86% of 22,197 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
324,525 | 274,036 | 219,026 | 199,066 | 154,562 | 85,354 | 96,496 | |
21/28 |
6,109 | 13,046 | 19,993 | 31,338 | 29,918 | 4,998 | 6,821 | |
21 |
2,860 | 8,240 | 13,620 | 19,000 | 24,380 | - | - | |
22/27 |
3,250 | 4,806 | 6,374 | 12,339 | 5,538 | 3,098 | 4,921 | |
23 |
- | - | - | - | - | 264 | 607 | |
24 |
3,250 | 4,806 | 6,374 | 12,339 | 5,538 | 2,835 | 4,314 | |
28 |
- | - | - | - | - | 1,900 | 1,900 | |
29/58 |
318,415 | 260,990 | 199,033 | 167,728 | 124,645 | 80,356 | 89,676 | |
40/41 |
51,335 | 69,774 | 67,048 | 72,858 | 42,435 | 20,624 | 24,760 | |
40 |
16,886 | 41,678 | 27,300 | 34,946 | 16,700 | 20,624 | 24,760 | |
41 |
34,449 | 28,097 | 39,748 | 37,912 | 25,734 | - | - | |
50/53 |
214,240 | 152,573 | 95,265 | 59,181 | - | - | - | |
54/58 |
52,296 | 37,587 | 35,617 | 34,581 | 82,210 | 59,731 | 64,916 | |
490/1 |
543 | 1,055 | 1,102 | 1,107 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
324,525 | 274,036 | 219,026 | 199,066 | 154,562 | 85,354 | 96,496 | |
10/15 |
243,974 | 245,662 | 190,161 | 153,389 | 121,904 | 72,165 | 83,478 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 6,200 | 6,200 | 6,200 | |
11 |
12,400 | 12,400 | 12,400 | 12,400 | - | - | - | |
1109/19 |
12,400 | 12,400 | 12,400 | 12,400 | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
14 |
229,714 | 231,402 | 175,901 | 139,129 | 107,644 | 57,905 | 69,218 | |
17/49 |
80,551 | 28,374 | 28,865 | 45,677 | 32,659 | 13,189 | 13,018 | |
42/48 |
80,551 | 28,374 | 28,865 | 45,677 | 32,659 | 13,189 | 13,018 | |
44 |
4,153 | 20,904 | 1,652 | 9,569 | 8,464 | 7,776 | 4,243 | |
440/4 |
4,153 | 20,904 | 1,652 | 9,569 | 8,464 | 7,776 | 4,243 | |
46 |
2,167 | - | 1,230 | 9,417 | - | - | - | |
45 |
24,781 | 7,470 | 25,983 | 26,690 | 24,194 | 4,237 | 7,819 | |
450/3 |
24,781 | 7,160 | 21,360 | 23,327 | 20,667 | 4,237 | 7,819 | |
454/9 |
- | 310 | 4,623 | 3,363 | 3,527 | - | - | |
47/48 |
49,449 | - | - | - | - | 1,176 | 956 | |
| Income statement | ||||||||
9900 |
67,050 | 68,875 | 64,740 | 87,748 | 89,517 | 21,225 | 73,925 | |
62 |
- | 11,961 | 32,188 | 31,825 | 20,770 | - | - | |
630 |
9,597 | 11,375 | 12,574 | 10,721 | 7,837 | 1,901 | 2,383 | |
640/8 |
488 | 710 | 394 | 593 | 482 | 813 | 396 | |
9901 |
56,965 | 44,829 | 19,584 | 44,609 | 60,429 | 18,510 | 71,145 | |
75/76B |
30,523 | 25,676 | 28,506 | 7,547 | 739 | 3 | 53 | |
75 |
30,523 | 25,676 | 28,506 | 7,547 | 739 | 3 | 53 | |
65/66B |
608 | 189 | 1,104 | 9,668 | 196 | 320 | 120 | |
65 |
608 | 189 | 1,104 | 9,668 | 196 | 320 | 120 | |
9903 |
86,880 | 70,316 | 46,985 | 42,488 | 60,972 | 18,193 | 71,078 | |
67/77 |
18,628 | 14,815 | 10,213 | 11,003 | 11,233 | 29,506 | - | |
9904 |
68,252 | 55,501 | 36,772 | 31,485 | 49,739 | -11,313 | 71,078 | |
9905 |
68,252 | 55,501 | 36,772 | 31,485 | 49,739 | -11,313 | 71,078 | |
| Appropriation of the result | ||||||||
9906 |
299,654 | 231,402 | 175,901 | 139,129 | 107,644 | 57,905 | 71,078 | |
14P |
231,402 | 175,901 | 139,129 | 107,644 | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
694/7 |
69,940 | - | - | - | - | - | - | |
694 |
69,940 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||
9087 |
- | - | - | 1.2 | 0.8 | - | - | |
Hours worked1013 |
- | - | - | 2,154 | 1,482 | - | - | |
| Document | ||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 17-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-12-2025 | 2025-00583318 | |
| 30-06-2024 | micro format | 03-01-2025 | 2025-00002897 | |
| 30-06-2023 | micro format | 14-12-2023 | 2023-00527902 | |
| 30-06-2022 | micro format | 25-01-2023 | 2023-00003472 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03900524 | |
| 30-06-2020 | micro format | 15-02-2021 | 2021-05400123 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03900325 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 66,562 | 56,204 | 32,158 | 55,330 | 68,265 | 20,411 | 73,529 | ||
| 77,848 | 66,876 | 49,346 | 42,206 | 57,576 | -9,412 | 73,462 | ||
| 2,660 | 4,428 | 1,229 | 12,141 | 33,492 | 1,622 | 9,204 | ||
| 14,709 | 1,970 | 1,036 | -47,628 | 22,478 | -5,185 | - | ||
| 237,864 | 232,616 | 170,168 | 122,051 | 91,986 | 67,166 | 76,658 | ||
| 75.2% | 89.6% | 86.8% | 77.1% | 78.9% | 84.5% | 86.5% | ||
| 3.95 | 9.20 | 6.90 | 3.67 | 3.82 | 6.09 | 6.89 | ||
| 0.33 | 0.12 | 0.15 | 0.30 | 0.27 | 0.18 | 0.16 | ||
| 28.0% | 22.6% | 19.3% | 20.5% | 40.8% | -15.7% | 85.1% | ||
| 21.0% | 20.3% | 16.8% | 15.8% | 32.2% | -13.3% | 73.7% | ||
| over 100 | over 100 | 29.12 | 5.72 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 0 |
| part-time | 1 |
| in full-time equivalents | 0.8 |
| 1.2 | |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,660 | €4,428 | €1,229 | €12,141 |
| €9,597 | €11,375 | €12,574 | €10,721 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 27% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 10.4% to 24.8%. Equity is lower and debt is higher.
The network lets you explore the ties of UPPER SIDE.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kellestraat 190 registered office 1150 Woluwe-Saint-Pierre | 20-04-2018 | 2.275.004.445 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21682C0052/00P003 | 622 m² | 1 · 191 m² | 17.2 m · 5 |
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