UpShape
ActiveSummary
UpShape has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,205 and a net result of €38,150. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 14.64 against 2.11 in 2024; short-term debt: 6.6% and cash: 75.1% of total assets), and 6.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.4%
Return on assets
43.4%
Age of the figures
9 mo
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 27-05-2026, 65 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
65 d early
2024
51 d early
2023
61 d early
2022
26 d early
2021
45 d early
2020
46 d early
2019
13 d late
← 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 40 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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. Usually files around 10 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€41,307
EBIT margin
-3.1%
Net result
€38,150▼ 3.7%
2024 · €39,631
Working capital
€78,675▲ 90.8%
2024 · €41,229
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€14,371▼ 30.7%€3,349▼ 76.7%€37,748▲ 1,027%€53,421▲ 41.5%€51,468▼ 3.7%
Net result€11,227within the sector's middle half▼ 35.7%€2,033within the sector's middle half▼ 81.9%€27,851above the sector's middle half▲ 1,270%€39,631above the sector's middle half▲ 42.3%€38,150above the sector's middle half▼ 3.7%
EBIT margin
Equity€51,011within the sector's middle half▲ 28.2%€29,514within the sector's middle half▼ 42.1%€33,836within the sector's middle half▲ 14.6%€44,055within the sector's middle half▲ 30.2%€82,205within the sector's middle half▲ 86.6%
Total assets€57,790within the sector's middle half▲ 30.2%€56,071within the sector's middle half▼ 3.0%€61,196within the sector's middle half▲ 9.1%€81,062within the sector's middle half▲ 32.5%€87,971within the sector's middle half▲ 8.5%
Debt€6,779▲ 47.3%€26,557▲ 292%€27,360▲ 3.0%€37,007▲ 35.3%€5,766▼ 84.4%
Working capital€46,005within the sector's middle half▲ 36.9%€26,113within the sector's middle half▼ 43.2%€29,590within the sector's middle half▲ 13.3%€41,229within the sector's middle half▲ 39.3%€78,675above the sector's middle half▲ 90.8%
Solvency88.3%above the sector's middle half▼ 1.4pp52.6%within the sector's middle half▼ 35.6pp55.3%within the sector's middle half▲ 2.7pp54.3%within the sector's middle half▼ 0.9pp93.4%above the sector's middle half▲ 39.1pp
Current ratio7.79above the sector's middle half▼ 0.521.98within the sector's middle half▼ 5.802.08within the sector's middle half▲ 0.102.11within the sector's middle half▲ 0.0314.64above the sector's middle half▲ 12.53
Return on assets (ROA)19.4%within the sector's middle half▼ 19.9pp3.6%within the sector's middle half▼ 15.8pp45.5%above the sector's middle half▲ 41.9pp48.9%above the sector's middle half▲ 3.4pp43.4%above the sector's middle half▼ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,971
Fixed assets
€3,530 ▲ 24.9%
Current assets
€84,441 ▲ 7.9%
Equity and liabilities €87,971
Equity
€82,205 ▲ 86.6%
Debt
€5,766 ▼ 84.4%
Debt's share of the balance-sheet total falls from 45.7% to 6.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,845▼
2024 · €54,841
Cash flow
€39,527▼
2024 · €41,051
Debt to equity
0.07▼
2024 · 0.84
ROE
46.4%▼
2024 · 90.0%
Interest coverage
309.90▼
2024 · 311.10
Debt ≤ 1 year
€5,766▼
2024 · €37,007
Income taxes
€13,164▼
2024 · €13,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 26,975 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 | €2,576 | €1,985 | €1,488 | €1,420 | €1,376 | ▼ 3.1% |
| Other operating charges640/8 | €402 | €405 | €1,550 | €451 | €465 | ▲ 3.2% |
| Gross operating margin9900 | €17,349 | €5,738 | €40,786 | €55,292 | €53,310 | ▼ 3.6% |
| Operating profit (loss)9901 | €14,371 | €3,349 | €37,748 | €53,421 | €51,468 | ▼ 3.7% |
| Financial income75/76B | €0 | €0 | €0 | €0 | €17 | ▲ 16,870% |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €17 | ▲ 16,870% |
| Financial charges65/66B | €131 | €116 | €140 | €176 | €171 | ▼ 3.3% |
| Recurring financial charges65 | €131 | €116 | €140 | €176 | €171 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €14,240 | €3,233 | €37,608 | €53,245 | €51,315 | ▼ 3.6% |
| Income taxes67/77 | €3,013 | €1,200 | €9,757 | €13,614 | €13,164 | ▼ 3.3% |
| Profit (loss) for the period9904 | €11,227 | €2,033 | €27,851 | €39,631 | €38,150 | ▼ 3.7% |
| Profit (loss) for the period to be appropriated9905 | €11,227 | €2,033 | €27,851 | €39,631 | €38,150 | ▼ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,790 | €56,071 | €61,196 | €81,062 | €87,971 | ▲ 8.5% |
| Formation expenses20 | €113 | - | - | - | - | - |
| Fixed assets21/28 | €4,894 | €3,401 | €4,245 | €2,825 | €3,530 | ▲ 24.9% |
| Intangible fixed assets21 | €1,251 | €739 | €415 | €170 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €3,618 | €2,637 | €3,805 | €2,630 | €3,505 | ▲ 33.3% |
| Plant, machinery and equipment23 | €670 | €335 | €0 | €0 | - | - |
| Furniture and vehicles24 | €2,551 | €2,103 | €3,805 | €2,630 | €3,505 | ▲ 33.3% |
| Other tangible fixed assets26 | €397 | €198 | €0 | €0 | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €52,784 | €52,670 | €56,950 | €78,236 | €84,441 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €10,193 | €6,405 | €12,371 | €13,509 | €18,354 | ▲ 35.9% |
| Trade receivables40 | €9,354 | €5,355 | €11,531 | €11,283 | €15,139 | ▲ 34.2% |
| Other amounts receivable41 | €839 | €1,050 | €840 | €2,226 | €3,216 | ▲ 44.4% |
| Cash at bank and in hand54/58 | €42,592 | €45,083 | €43,965 | €64,682 | €66,087 | ▲ 2.2% |
| Deferred charges and accrued income490/1 | - | €1,182 | €614 | €45 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,790 | €56,071 | €61,196 | €81,062 | €87,971 | ▲ 8.5% |
| Equity10/15 | €51,011 | €29,514 | €33,836 | €44,055 | €82,205 | ▲ 86.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €32,411 | €10,914 | €15,236 | €25,455 | €63,605 | ▲ 150% |
| Amounts payable17/49 | €6,779 | €26,557 | €27,360 | €37,007 | €5,766 | ▼ 84.4% |
| Amounts payable within one year42/48 | €6,779 | €26,557 | €27,360 | €37,007 | €5,766 | ▼ 84.4% |
| Trade debts44 | €4,611 | €129 | €298 | €102 | €907 | ▲ 787% |
| Suppliers440/4 | €4,611 | €129 | €298 | €102 | €907 | ▲ 787% |
| Taxes, remuneration and social security45 | €2,168 | €2,898 | €3,533 | €7,493 | €4,859 | ▼ 35.1% |
| Taxes450/3 | €2,168 | €2,898 | €3,533 | €7,493 | €4,859 | ▼ 35.1% |
| Other amounts payable47/48 | - | €23,529 | €23,529 | €29,412 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,227 | €2,033 | €27,851 | €39,631 | €38,150 | ▼ 3.7% |
| + Depreciation and write-downs630 | €2,576 | €1,985 | €1,488 | €1,420 | €1,376 | ▼ 3.1% |
| Operating cash flow (approximation) | €13,803 | €4,018 | €29,339 | €41,051 | €39,527 | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | -€493 | -€2,333 | €0 | -€2,081 | - |
| Change in cash | - | €2,491 | -€1,118 | €20,718 | €1,405 | ▼ 93.2% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 14.64
Current ratio from 2.11 to 14.64; short-term debt falls from €37,007 to €5,766.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €39,631 ▲42.3%
Operating result €53,421, net result €39,631, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Back to profitnet €5,126
Net result €5,126 after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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.
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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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2017
Ground area
542 m²
Building footprint
56 m²
Parcel 25083D0317/00N003, Wallonia. Linked by address, not a title deed.
1 establishment unit
UpShape
since 20172.268.711.125
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083D0317/00N003 | Wallonia | 542 m² | 1 · 56 m² | - |
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.
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Of 3,021 companies in sector 85592 we hold annual accounts for 991. 737 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
Founded04-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
85599Other education
93299Other amusement and recreation activities
Contact
E-mail
info@hmt-formations.euOttignies-Louvain-la-Neuve
E-invoicing
Reachable via Peppol
Peppol ID
0208:0682490812
Also
9925:BE0682490812
Registered
16-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.