Equity
upshift paid out €11,000 in dividends. That is 100% of the 2025 profit.
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In July 2024, 26,972 companies had the same profile as upshift has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 26,972 companies, not a prediction for upshift. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| upshift Schilde | €46,144 | €20,308 | 44.4% | - |
| HERO SOLUTIONS Dentergem | €42,789 | €22,978 | 43.1% | - |
| Breathless Merelbeke-Melle | €53,740 | €20,223 | 25.6% | - |
| BEMELMANS ET GREGOIRE SOLUTIONS INFORMATIQUES Verviers | €46,642 | €22,195 | 66.7% | - |
| HELIAPP Waremme | €52,783 | €17,268 | 62.3% | - |
| SAPHALATA Modave | €46,693 | €19,750 | 57.8% | - |
| DAXE Schilde | €60,259 | €18,126 | 21.3% | - |
These companies have the same main activity as upshift: computer programming (NACE 62100). They are comparable in size and age: total assets between €42,800 and €60,300, founded between 2018 and 2020.
upshift has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,488 and a net result of €11,009.
Its solvency ranks better than 37% of 21,217 sector peers (NACE 62, financial year 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.
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