Investments
€43,991 4.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 157.8% higher than in 2024.
UPPERWARE
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1989peak €77,797 (2018)
€5,244▼ 84.3%
lowest -€55,929 (2009)
-€5,434▼ €16,349
peak €176,992 (2024)
€171,558▼ 3.1%
€39,584▼ 20.7%
peak 0.4 FTE (2013)
-not published
Board1 name since 2021
1 directorSNELLINGS Joseph
Documentsfilings and deeds
30-07-202615 days late
2025micro format
Gross margin from €33,323 to €5,244Loss of €5,434Debts from €49,943 to €39,584Investments €44,061
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 68% of micro 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: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged 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 strengthStrong
Score breakdown
raises risk
Loss of €5,434 (financial year 2025)
lowers risk
Liquidity: current ratio 4.08, cash €123,598
Equity €171,558 (81.3% of total assets)
Size: total assets €211,142
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, micro). It does better than 91% of them on solvency, 93% on liquidity, 52% on profitability and 37% 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 15-12-2025.
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, 12,322 companies had the same profile as UPPERWARE has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of UPPERWARE itself: < 0.1% within 12 months.
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 12,322 companies, not a prediction for UPPERWARE. 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 €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.08 (48.39 in 2024), above the usual 1.5. Short-term debt is 18.7% and cash 58.5% of total assets. 18.7% 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 risk
raises risk · 2025 accounts filed 15 days late
The financial year that closed on 15-12-2025 was due by 15-07-2026 and was filed on 30-07-2026, 15 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.
NBB · 10 filingsDeviation from the deadline
2025
15 days late
2024
16 days late
2023
16 days late
2022
10 days late
2021
22 days early
2020
23 days early
2019
13 days late
← 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 4 days after 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 15-12-2026 and is due by 15-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today15-12-2026 year end15-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0437927779
Change of role: SNELLINGS Joseph, from manager to director
“Het kopen, beheren en verhuren van immobiliën. De verkoop van immobiliën is ook toegestaan, doch na een…” (deed in Dutch) · Director discharge: SNELLINGS Joseph (manager) · General meeting of 08-05-2023 · Gazette deed
First establishment
Dijk 90, Tongeren-Borgloon
Incorporation
published on 27-07-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| UPPERWARE Tongeren-Borgloon | €211,142 | €5,244 | 81.3% | - |
| MARIJKE VAN SLAMBROUCK De Panne | €262,261 | €6,163 | 7.4% | - |
| Sterck Retail Invest Dendermonde Aalst | €156,228 | €6,531 | 95.3% | - |
| MERFEZA Merchtem | €216,685 | €4,860 | -22.5% | - |
| VANDERBECQ Ecaussinnes | €160,208 | €3,350 | 19.8% | - |
| DEINS GOED Ingelmunster | €183,702 | €2,882 | 38.2% | - |
| TOPAZ Mol | €182,611 | €3,762 | 98.0% | - |
These companies have the same main activity as UPPERWARE: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €156,000 and €262,000, founded between 1988 and 1997.
Official details
Source: KBO- Status
- Active since 30-06-1989Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 4 others
- Establishment unit
- 2.131.195.8093700 Tongeren-Borgloon, since 02-06-2000
- Financial year end
- 15 December
- Peppol
- Reachable since 10-06-2025
Insights on UPPERWARE
UPPERWARE files the micro format. That format states no turnover. The gross margin fell from €52,835 in 2006 to €5,244 in 2025.
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 UPPERWARE
- What is the company number of UPPERWARE?
- The company number of UPPERWARE is 0437.927.779. The VAT number is the same number with BE in front: BE 0437.927.779.
- Where is UPPERWARE based?
- The registered office is at Dijk 90, 3700 Tongeren-Borgloon.Company details
- What does UPPERWARE do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of UPPERWARE?
- UPPERWARE is a private limited company (BV).
- When was UPPERWARE founded?
- UPPERWARE was founded on 30-06-1989.
- Is UPPERWARE still active?
- Yes, UPPERWARE is an active enterprise in the KBO register.
- How many employees does UPPERWARE have?
- UPPERWARE had an average of 0.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of UPPERWARE?
- The turnover in financial year 2025 is ≈ €20,000. This figure is estimated from the gross margin of €5,244 and 30 comparable companies (NACE 68110). It probably lies between €11,000 and €51,000. It is a rough estimate.
- Is UPPERWARE profitable?
- In financial year 2025, UPPERWARE made a loss of €5,434.
- Where can I find the annual accounts of UPPERWARE?
- UPPERWARE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of UPPERWARE due?
- UPPERWARE must file the annual accounts for financial year 2026 by 15-07-2027.Timeline
Next steps
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