UPscale
ActiveSummary
UPscale has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €72.4m and a net result of €1.9m, of which €10.1m non-recurring income. Equity remains stable across the filed financial years (±0.8% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €72.4m
- Profit
- €1.9m
Why 93raises riskLiquidity: current ratio 0.38, cash €750,730lowers riskSize: total assets €148.3mFigures for financial year 2026 (filed 28-09-2026)Founded in 2014Show the evidence
Checked score
Fewer than 1 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, large): better than 22% on solvency, 64% on liquidity, 60% on profitability and 15% on growth.
The bankruptcy probability was computed on 30-10-2026 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 7 accounts on average 23 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 2026 · abbreviated…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2026, abbreviated format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result has fallen two years in a row; 2026 is 21% below 2025 and is the lowest 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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5.6m | €4.9m | €8.3m | €3.5m | €10.1m | ▲ 189% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 1.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.003m | €0 | €7.4m | - |
| Gross operating margin9900 | -€0.07m | -€0.08m | €12.7m | €5.8m | €5.1m | €8.4m | €3.6m | €10.2m | ▲ 187% |
| Operating profit (loss)9901 | -€0.07m | -€0.08m | €12.7m | €5.8m | €5.1m | €8.4m | €3.6m | €2.8m | ▼ 21.1% |
| Financial income75/76B | - | - | - | €4.2m | €0.06m | €0.008m | €0.003m | €0 | ▼ 100% |
| Recurring financial income75 | €14.2m | €0.9m | €0.8m | €4.2m | €0.06m | €0.008m | €0.003m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.5m | €0.7m | €3.2m | €1.5m | €0.9m | ▼ 37.5% |
| Recurring financial charges65 | €3.3m | €3.2m | €0.4m | €0.5m | €0.7m | €1.4m | €1.5m | €0.9m | ▼ 37.5% |
| Non-recurring financial charges66B | - | - | - | €0 | - | €1.8m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €10.7m | €34.8m | €13.1m | €9.4m | €4.5m | €5.2m | €2.0m | €1.9m | ▼ 9.0% |
| Income taxes67/77 | €0.02m | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €10.7m | €34.8m | €13.1m | €9.4m | €4.5m | €5.2m | €2.0m | €1.9m | ▼ 9.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | €0.07m | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10.6m | €34.8m | €13.4m | €9.4m | €4.6m | €5.2m | €2.0m | €1.9m | ▼ 9.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €109.5m | €90.0m | €129.5m | €205.0m | €198.9m | €135.9m | €171.2m | €148.3m | ▼ 13.4% |
| Fixed assets21/28 | €59.8m | €90.0m | €128.9m | €202.9m | €190.1m | €133.8m | €160.0m | €144.4m | ▼ 9.8% |
| Financial fixed assets28 | €59.8m | €90.0m | €128.9m | €202.9m | €190.1m | €133.8m | €160.0m | €144.4m | ▼ 9.8% |
| Current assets29/58 | €49.7m | €0.07m | €0.6m | €2.1m | €8.8m | €2.1m | €11.2m | €3.9m | ▼ 64.9% |
| Amounts receivable within one year40/41 | €0.4m | - | - | €0.4m | €1.9m | €1.7m | €10.0m | €3.2m | ▼ 68.1% |
| Other amounts receivable41 | - | - | - | €0.4m | €1.9m | €1.7m | €10.0m | €3.2m | ▼ 68.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.03m | €0.5m | €0.07m | €6.9m | €0.5m | €1.2m | €0.8m | ▼ 38.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1.7m | €0.001m | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €109.5m | €90.0m | €129.5m | €205.0m | €198.9m | €135.9m | €171.2m | €148.3m | ▼ 13.4% |
| Equity10/15 | €68.2m | €67.1m | €73.3m | €74.7m | €74.7m | €75.0m | €75.6m | €72.4m | ▼ 4.2% |
| Contributions10/11 | €18.6m | - | - | €18.6m | €18.6m | €18.6m | €18.6m | €18.6m | = |
| Reserves13 | €14.3m | €48.6m | €54.7m | €56.1m | €56.1m | €56.5m | €57.0m | €53.9m | ▼ 5.5% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.07m | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €56.1m | €56.1m | €56.5m | €57.0m | €53.9m | ▼ 5.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €41.3m | €22.9m | €56.2m | €130.3m | €124.2m | €60.9m | €95.7m | €75.9m | ▼ 20.7% |
| Amounts payable after more than one year17 | €0.05m | €0.01m | €0 | - | - | - | - | €65.5m | - |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €65.5m | - |
| Amounts payable within one year42/48 | €41.2m | €22.9m | €56.2m | €130.2m | €124.1m | €60.9m | €95.6m | €10.3m | ▼ 89.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8.0m | €9.3m | €0 | - | - | - |
| Financial debts43 | - | - | - | €23.0m | €18.0m | €35.0m | €33.0m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €23.0m | €18.0m | €35.0m | €33.0m | €0 | ▼ 100% |
| Trade debts44 | - | €0.001m | €0.002m | €0.004m | €0 | - | - | €0.3m | - |
| Suppliers440/4 | - | - | - | €0.004m | €0 | - | - | €0.3m | - |
| Advances received on contracts in progress46 | - | - | - | €20.3m | €61.8m | €11.4m | €21.2m | €5.0m | ▼ 76.3% |
| Other amounts payable47/48 | - | - | - | €78.9m | €35.1m | €14.5m | €41.4m | €5.0m | ▼ 87.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.08m | €0.06m | €0.01m | €0.07m | €0.02m | ▼ 69.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10.7m | €34.8m | €13.1m | €9.4m | €4.5m | €5.2m | €2.0m | €1.9m | ▼ 9.0% |
| Operating cash flow (approximation) | €10.7m | €34.8m | €13.1m | €9.4m | €4.5m | €5.2m | €2.0m | €1.9m | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | -€30.1m | -€39.0m | -€74.0m | €12.8m | €56.3m | -€26.2m | €15.6m | - |
| Change in cash | - | -€0.1m | €0.5m | -€0.4m | €6.8m | -€6.4m | €0.7m | -€0.5m | - |
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 (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | abbreviated format | 25-09-2026 | 2026-00526945 |
| 31-03-2025 | abbreviated format | 08-10-2025 | 2025-00535489 |
| 31-03-2024 | abbreviated format | 16-09-2024 | 2024-00462038 |
| 31-03-2023 | abbreviated format | 25-09-2023 | 2023-00453918 |
| 31-03-2022 | abbreviated format | 13-10-2022 | 2022-20458983 |
| 31-03-2021 | abbreviated format | 05-10-2021 | 2021-71200121 |
| 31-03-2020 | abbreviated format | 25-11-2020 | 2020-72300198 |
| 31-03-2019 | abbreviated format | 30-10-2019 | 2019-71900056 |
| 31-03-2018 | abbreviated format | 31-10-2018 | 2018-71400116 |
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.
Group and network
Connections & network
3 connected companiesBoard mandates elsewhere
5 board mandatesHistory
Acts, filings and financial milestones
25-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 01-03-2024
- Registered-office move, AmeliaEarhartlaan2bus201te9051Gent(Sint-Denijs-Westrem)
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have 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 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44062A0312/00C000 | Flanders | 1.5 ha | 1 · 5,962 m² | 1.8 m |