UPS AND DOWNS
ActiveSummary
UPS AND DOWNS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139,621 and a net result of -€3,613. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 95% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-58
Solvency100=
Growth41=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 12.05 against 11.12 in 2024; short-term debt: 8.2% and cash: 50.4% of total assets), and 8.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
27 d late
2023
37 d early
2022
33 d early
2021
61 d late
2020
18 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€255,987▼ 4.2%
2018 · €267,269
EBIT margin
7.4%▼ 1.7pp
2018 · 9.1%
Net result
-€3,613
2024 · €6,865
Working capital
€137,926▼ 2.6%
2024 · €141,578
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€28,200▲ 16.2%€13,423▼ 52.4%€15,853▲ 18.1%€4,994▼ 68.5%-€7,859
Net result€21,817▲ 6.6%€10,465▼ 52.0%€13,799▲ 31.9%€6,865▼ 50.2%-€3,613
EBIT margin
Equity€143,092▲ 18.0%€153,557▲ 7.3%€167,356▲ 9.0%€143,234▼ 14.4%€139,621▼ 2.5%
Total assets€163,553▲ 27.4%€176,375▲ 7.8%€185,103▲ 4.9%€157,218▼ 15.1%€152,299▼ 3.1%
Debt€20,461▲ 187%€22,819▲ 11.5%€17,747▼ 22.2%€13,984▼ 21.2%€12,677▼ 9.3%
Working capital€135,277▲ 14.7%€148,698▲ 9.9%€165,333▲ 11.2%€141,578▼ 14.4%€137,926▼ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,859 after €4,994 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,299
Fixed assets
€1,895 ▲ 14.4%
Current assets
€150,404 ▼ 3.3%
Equity and liabilities €152,299
Equity
€139,621 ▼ 2.5%
Debt
€12,677 ▼ 9.3%
Debt's share of the balance-sheet total falls from 8.9% to 8.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,825▼
2024 · €5,360
Cash flow
-€2,579▼
2024 · €7,231
Current ratio
12.05▲
2024 · 11.12
Quick ratio
11.00▲
2024 · 9.59
Debt to equity
0.09▼
2024 · 0.10
ROE
-2.6%▼
2024 · 4.8%
ROA
-2.4%▼
2024 · 4.4%
Interest coverage
-33.50▼
2024 · 22.76
Debt ≤ 1 year
€12,477▼
2024 · €13,984
Income taxes
€209▼
2024 · €3,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 12,304 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,649 | €2,837 | €2,836 | €366 | €1,034 | ▲ 182% |
| Other operating charges640/8 | €703 | €1,111 | €902 | €922 | €943 | ▲ 2.3% |
| Non-recurring operating charges66A | €2,094 | €120 | - | - | - | - |
| Gross operating margin9900 | €32,646 | €17,490 | €19,592 | €6,282 | -€5,882 | ▼ 194% |
| Operating profit (loss)9901 | €28,200 | €13,423 | €15,853 | €4,994 | -€7,859 | ▼ 257% |
| Financial income75/76B | €3,432 | €3,129 | €4,532 | €5,249 | €4,659 | ▼ 11.2% |
| Recurring financial income75 | €3,432 | €3,129 | €4,532 | €5,249 | €4,659 | ▼ 11.2% |
| Financial charges65/66B | €417 | €1,219 | €684 | €235 | €204 | ▼ 13.5% |
| Recurring financial charges65 | €417 | €1,219 | €684 | €235 | €204 | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €31,215 | €15,332 | €19,701 | €10,007 | -€3,404 | ▼ 134% |
| Income taxes67/77 | €9,398 | €4,867 | €5,902 | €3,142 | €209 | ▼ 93.3% |
| Profit (loss) for the period9904 | €21,817 | €10,465 | €13,799 | €6,865 | -€3,613 | ▼ 153% |
| Profit (loss) for the period to be appropriated9905 | €21,817 | €10,465 | €13,799 | €6,865 | -€3,613 | ▼ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,553 | €176,375 | €185,103 | €157,218 | €152,299 | ▼ 3.1% |
| Fixed assets21/28 | €7,815 | €4,859 | €2,022 | €1,656 | €1,895 | ▲ 14.4% |
| Tangible fixed assets22/27 | €7,815 | €4,859 | €2,022 | €1,656 | €1,895 | ▲ 14.4% |
| Plant, machinery and equipment23 | €4,446 | €3,516 | €2,022 | €1,656 | €726 | ▼ 56.2% |
| Furniture and vehicles24 | €3,369 | €1,342 | - | €0 | €1,169 | - |
| Current assets29/58 | €155,738 | €171,517 | €183,081 | €155,562 | €150,404 | ▼ 3.3% |
| Stocks and contracts in progress3 | €21,753 | €21,489 | €23,957 | €21,455 | €13,108 | ▼ 38.9% |
| Stocks30/36 | €21,753 | €21,489 | €23,957 | €21,455 | €13,108 | ▼ 38.9% |
| Amounts receivable within one year40/41 | €11,361 | €5,686 | €4,574 | €6,331 | €9,332 | ▲ 47.4% |
| Other amounts receivable41 | €11,361 | €5,686 | €4,574 | €6,331 | €9,332 | ▲ 47.4% |
| Current investments50/53 | - | - | - | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €122,124 | €144,342 | €153,411 | €76,633 | €76,803 | ▲ 0.2% |
| Deferred charges and accrued income490/1 | €500 | - | €1,138 | €1,143 | €1,160 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,553 | €176,375 | €185,103 | €157,218 | €152,299 | ▼ 3.1% |
| Equity10/15 | €143,092 | €153,557 | €167,356 | €143,234 | €139,621 | ▼ 2.5% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | - | - | - |
| Reserves13 | €112,105 | €122,570 | €136,369 | €143,234 | €140,136 | ▼ 2.2% |
| Non-distributable reserves130/1 | €3,099 | - | - | - | - | - |
| Reserves not available under the articles1311 | €3,099 | - | - | - | - | - |
| Distributable reserves133 | €109,007 | €122,570 | €136,369 | €143,234 | €140,136 | ▼ 2.2% |
| Profit (loss) carried forward14 | - | - | - | - | -€514 | - |
| Amounts payable17/49 | €20,461 | €22,819 | €17,747 | €13,984 | €12,677 | ▼ 9.3% |
| Amounts payable within one year42/48 | €20,461 | €22,819 | €17,747 | €13,984 | €12,477 | ▼ 10.8% |
| Trade debts44 | €6,854 | €2,537 | €2,212 | €1,306 | €1,085 | ▼ 17.0% |
| Suppliers440/4 | €6,854 | €2,537 | €2,212 | €1,306 | €1,085 | ▼ 17.0% |
| Taxes, remuneration and social security45 | €9,994 | €16,895 | €12,676 | €9,630 | €7,461 | ▼ 22.5% |
| Taxes450/3 | €9,994 | €16,895 | €12,676 | €9,630 | €7,461 | ▼ 22.5% |
| Other amounts payable47/48 | €3,613 | €3,387 | €2,859 | €3,047 | €3,931 | ▲ 29.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €200 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,817 | €10,465 | €13,799 | €6,865 | -€3,613 | ▼ 153% |
| + Depreciation and write-downs630 | €1,649 | €2,837 | €2,836 | €366 | €1,034 | ▲ 182% |
| Operating cash flow (approximation) | €23,466 | €13,301 | €16,635 | €7,231 | -€2,579 | ▼ 136% |
| Investment in fixed assets (approximation) | - | €120 | €0 | €0 | -€1,273 | - |
| Change in cash | - | €22,218 | €9,069 | -€76,778 | €170 | ▲ 100% |
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
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€3,613
Net result drops to -€3,613, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €153,557 ▲7.3%
5 profitable years in a row build equity to €153,557.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €21,817 ▲6.6%
Operating result €28,200, net result €21,817, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €100,813 ▲17.2%
2 profitable years in a row build equity to €100,813.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1984
Ground area
70 m²
Building footprint
54 m²
Volume, LiDAR
551 m³
Parcel 11809I2362/00N015, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
UPS AND DOWNS
since 19842.025.452.446
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2362/00N015 | Flanders | 70 m² | 1 · 54 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Belle A Mie
BE 0865.800.323
Poperinge · Eq €140,311
LADC
BE 0671.531.592
Gembloux · Eq €140,419
ELSENTI
BE 0819.845.978
Maldegem · Eq €141,239
Videri
BE 0785.727.516
Diepenbeek · Eq €141,571
ARGOS VIDEO SPRL
BE 0888.866.923
Brussel · Eq €142,454
Of 519 companies in sector 47714 we hold annual accounts for 264. 224 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-1984
Fiscal year end31-12
Activities, NACEBEL 2025
47714Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426248385
Also
9925:BE0426248385
Registered
12-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.