UpREstate
ActiveSummary
UpREstate has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.8m and a net result of €80,549. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 30% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 273 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 98% are still going.
- Large
- solvency 10 to 30%
- a profit under 5% of the balance sheet
- without age
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 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% 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 273 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €422,664 | €422,664 | €2.6m | €3.5m | ▲ 32.8% |
| Turnover70 | - | €422,664 | €422,664 | €1.6m | €3.4m | ▲ 111% |
| Other operating income74 | - | - | - | €0 | €23,301 | - |
| Non-recurring operating income76A | - | - | - | €976,605 | €0 | ▼ 100% |
| Operating charges60/66A | €73,436 | €308,758 | €270,921 | €2.2m | €2.7m | ▲ 21.1% |
| Purchases600/8 | - | - | - | €357,368 | €20,725 | ▼ 94.2% |
| Change in stocks: decrease (increase)609 | - | - | - | -€357,368 | -€20,725 | ▲ 94.2% |
| Services and other goods61 | €15,846 | €34,649 | €21,227 | €959,392 | €703,816 | ▼ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,478 | €221,774 | €192,549 | €1.2m | €1.8m | ▲ 58.0% |
| Other operating charges640/8 | €2,112 | €52,335 | €57,145 | €70,708 | €116,329 | ▲ 64.5% |
| Operating profit (loss)9901 | -€73,436 | €113,906 | €151,743 | €412,097 | €801,960 | ▲ 94.6% |
| Financial income75/76B | €4.3m | €79,454 | €206,588 | €1,228 | €3,170 | ▲ 158% |
| Recurring financial income75 | €4.3m | €79,454 | €206,588 | €1,228 | €3,170 | ▲ 158% |
| Income from current assets751 | - | €79,454 | €206,588 | €891 | €2,349 | ▲ 164% |
| Other financial income752/9 | - | - | - | €338 | €821 | ▲ 143% |
| Non-recurring financial income76B | €4.3m | €0 | - | - | - | - |
| Financial charges65/66B | €15,534 | €121,809 | €265,665 | €321,475 | €697,982 | ▲ 117% |
| Recurring financial charges65 | €15,534 | €121,809 | €265,665 | €321,475 | €697,982 | ▲ 117% |
| Debt charges650 | €12,485 | €118,255 | €264,223 | €316,835 | €696,351 | ▲ 120% |
| Other financial charges652/9 | €3,049 | €3,553 | €1,442 | €4,641 | €1,631 | ▼ 64.9% |
| Profit (loss) for the period before taxes9903 | €4.3m | €71,551 | €92,666 | €91,850 | €107,148 | ▲ 16.7% |
| Transfer from deferred taxes780 | €10,630 | €0 | - | - | €250 | - |
| Income taxes67/77 | - | €4,275 | €24,068 | €4,650 | €26,850 | ▲ 477% |
| Taxes670/3 | - | €4,275 | €24,730 | €4,650 | €26,850 | ▲ 477% |
| Tax adjustments and reversals of tax provisions77 | - | - | €662 | €0 | - | - |
| Profit (loss) for the period9904 | €4.3m | €67,276 | €68,597 | €87,200 | €80,549 | ▼ 7.6% |
| Transfer from tax-exempt reserves789 | €200,748 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4.5m | €67,276 | €68,597 | €87,200 | €80,549 | ▼ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.1m | €22.5m | €27.1m | €38.1m | €37.3m | ▼ 2.1% |
| Fixed assets21/28 | €5.4m | €17.5m | €23.0m | €29.1m | €35.9m | ▲ 23.3% |
| Tangible fixed assets22/27 | €5.4m | €17.5m | €23.0m | €29.1m | €30.4m | ▲ 4.3% |
| Land and buildings22 | €1.8m | €1.6m | €1.4m | €12.9m | €13.4m | ▲ 4.1% |
| Plant, machinery and equipment23 | - | - | - | €14.0m | €14.7m | ▲ 4.5% |
| Assets under construction and advance payments27 | €3.5m | €15.9m | €21.6m | €2.3m | €2.3m | ▲ 3.9% |
| Financial fixed assets28 | - | - | €2,000 | €2,000 | €5.5m | ▲ 276,699% |
| Affiliated companies280/1 | - | - | - | - | €5.5m | - |
| Amounts receivable281 | - | - | - | - | €5.5m | - |
| Other financial fixed assets284/8 | - | - | €2,000 | €2,000 | €0 | ▼ 100% |
| Amounts receivable and cash guarantees285/8 | - | - | €2,000 | €2,000 | €0 | ▼ 100% |
| Current assets29/58 | €3.7m | €5.0m | €4.0m | €9.0m | €1.4m | ▼ 84.4% |
| Amounts receivable after more than one year29 | - | - | - | €5.5m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €5.5m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | - | - | €357,368 | €378,093 | ▲ 5.8% |
| Stocks30/36 | - | - | - | €357,368 | €378,093 | ▲ 5.8% |
| Goods purchased for resale34 | - | - | - | €357,368 | €378,093 | ▲ 5.8% |
| Amounts receivable within one year40/41 | €3.7m | €4.1m | €3.9m | €16,276 | €295,436 | ▲ 1,715% |
| Trade receivables40 | €1,645 | €0 | - | €2,660 | €295,436 | ▲ 11,007% |
| Other amounts receivable41 | €3.7m | €4.1m | €3.9m | €13,616 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3,990 | €877,877 | €86,888 | €3.1m | €727,688 | ▼ 76.2% |
| Deferred charges and accrued income490/1 | - | - | - | €891 | €342 | ▼ 61.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.1m | €22.5m | €27.1m | €38.1m | €37.3m | ▼ 2.1% |
| Equity10/15 | €6.4m | €6.5m | €6.6m | €6.7m | €6.8m | ▲ 1.1% |
| Contributions10/11 | €80,201 | €80,201 | €80,201 | €80,201 | €80,201 | = |
| Capital10 | €79,516 | €79,516 | €79,516 | €79,516 | €79,516 | = |
| Issued capital100 | €79,516 | €79,516 | €79,516 | €79,516 | €79,516 | = |
| Outside capital11 | €685 | €685 | €685 | €685 | €685 | = |
| Share premium1100/10 | €685 | €685 | €685 | €685 | €685 | = |
| Reserves13 | €6.4m | €6.4m | €6.5m | €6.6m | €6.7m | ▲ 1.2% |
| Non-distributable reserves130/1 | €7,952 | €7,952 | €7,952 | €7,952 | €7,952 | = |
| Legal reserve130 | €7,952 | €7,952 | €7,952 | €7,952 | €7,952 | = |
| Distributable reserves133 | €6.3m | €6.4m | €6.5m | €6.6m | €6.7m | ▲ 1.2% |
| Profit (loss) carried forward14 | - | - | - | - | €3,165 | - |
| Investment grants15 | - | - | - | €19,663 | €13,997 | ▼ 28.8% |
| Provisions and deferred taxes16 | - | - | - | - | €4,666 | - |
| Deferred taxes168 | - | - | - | - | €4,666 | - |
| Amounts payable17/49 | €2.6m | €16.0m | €20.5m | €31.4m | €30.6m | ▼ 2.8% |
| Amounts payable after more than one year17 | - | €12.5m | €20.0m | €27.8m | €28.3m | ▲ 2.0% |
| Financial debts170/4 | - | €12.5m | €20.0m | €27.8m | €28.3m | ▲ 2.0% |
| Credit institutions173 | - | €12.5m | €20.0m | €27.8m | €28.3m | ▲ 2.0% |
| Amounts payable within one year42/48 | €2.6m | €3.5m | €473,169 | €3.7m | €2.2m | ▼ 39.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.4m | €2.0m | ▲ 38.1% |
| Trade debts44 | - | €3.5m | €1,631 | €2.2m | €212,371 | ▼ 90.5% |
| Suppliers440/4 | - | €3.5m | €1,631 | €2.2m | €212,371 | ▼ 90.5% |
| Taxes, remuneration and social security45 | - | €4,275 | €28,343 | €4,383 | €34,128 | ▲ 679% |
| Taxes450/3 | - | €4,275 | €28,343 | €4,383 | €34,128 | ▲ 679% |
| Other amounts payable47/48 | €2.6m | - | €443,195 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €14,774 | €23,357 | €8,524 | €21,803 | ▲ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.3m | €67,276 | €68,597 | €87,200 | €80,549 | ▼ 7.6% |
| + Depreciation and write-downs630 | €55,478 | €221,774 | €192,549 | €1.2m | €1.8m | ▲ 58.0% |
| Operating cash flow (approximation) | €4.3m | €289,050 | €261,146 | €1.2m | €1.9m | ▲ 53.4% |
| Investment in fixed assets (approximation) | - | -€12.4m | -€5.7m | -€7.3m | -€8.6m | ▼ 18.5% |
| Change in cash | - | €873,887 | -€790,990 | €3.0m | -€2.3m | ▼ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
31-08
State Gazette act
Reappointments: NV ESSENSYS, BV DEPUYDT FAMILY and 4 othersPermanent representatives: Dirk Van Lerberghe, Kurt Depuydt and Dirk Deroose10 facts ▸
- General meeting, 22-06-2026
- Director reappointment, NV ESSENSYS (non-statutory director)
- Permanent representative, Dirk Van Lerberghe (permanent representative)
- Director reappointment, BV DEPUYDT FAMILY (non-statutory director)
- Permanent representative, Kurt Depuydt (permanent representative)
- Director reappointment, NV DEROOSE PROJECTS (non-statutory director)
- Permanent representative, Dirk Deroose (permanent representative)
- Director reappointment, Veerle Naessens (non-statutory director)
- Auditor reappointment, BV FIGURAD BEDRIJFSREVISOREN (statutory auditor)
- Director reappointment, Erik Bauwelinck (wettelijk vertegenwoordiger)
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 4
Permanent representatives 3
Statutory auditor 1
Other functions 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026A0404/00R000 | Flanders | 2.2 ha | 1 · 4,641 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Statutory auditor
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Depuydt Family BV |
|
| Essensys NV |
|
| NV DEROOSE PROJECTS |
|
| Veerle Naessens |
|
| Figurad Bedrijfsrevisoren bv |
|
| Erik Bauwelinck |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Fresh Food Group
- UpCo
- UpREstate
Highest known parent: Fresh Food Group. The sources do not say who stands above it.
Owners 1
- UpCoparentSourceaccounts UpCo 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 20,000 EUR awarded · 20,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 20,000 EUR |
| 2022 | 1 | 20,000 EUR | 0 EUR |
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.