UPSILON INFORMATIQUE
ActiveSummary
The annual accounts of UPSILON INFORMATIQUE for financial year 2025 show a net loss of 92% of total assets and of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €196,805 and a net result of -€286,881. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 75% of 1,675 sector peers (NACE 62, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 3.9 FTE
- Equity
- €196,805
- Loss
- -€286,881
- Parent
- STEVENS en Cie - Wissel Exchange · 100%
- Frank VlayenDirector
- Ive MertensDirector
- Margot BertelsDirector
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €286,881, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 1.39, cash €141,008Sector: Computer programming, consultancy and related activities (NACE 62)Equity €196,805 (62.9% of total assets)Show the evidence
Checked score
About 2 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 (NACE 62, micro): better than 55% on solvency, 67% on liquidity, 5% on profitability and 12% on growth.
The bankruptcy probability was computed on 24-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 15 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€286,881
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00439483.
2021 to 2025, 5 financial years 2019 to 2025, 8 financial years
The operating result stays negative: a loss of €287,153 in 2025 against €158,827 in 2024; the loss grows and 2025 has 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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result -84% on 2024. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.3% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,474 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,592 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 | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €97,239 | €119,542 | €230,621 | €705,966 | €826,073 | ▲ 17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,365 | €181 | €1,174 | €1,086 | €1,086 | €39,805 | €165,491 | €177,139 | ▲ 7.0% |
| Other operating charges640/8 | - | - | - | €463 | €987 | €606 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €180,266 | €155,759 | €259,275 | €270,642 | €240,355 | €364,559 | €713,135 | €716,579 | ▲ 0.5% |
| Operating profit (loss)9901 | -€56,998 | €142,978 | €172,198 | €171,853 | €118,740 | €93,527 | -€158,827 | -€287,153 | ▼ 80.8% |
| Financial income75/76B | - | - | - | €69,791 | €1,779 | €30,036 | €4,320 | €945 | ▼ 78.1% |
| Recurring financial income75 | €4,677 | €1,391 | €6,597 | €69,791 | €1,779 | €30,036 | €4,320 | €945 | ▼ 78.1% |
| Financial charges65/66B | - | - | - | €167 | €142,678 | -€8,841 | €841 | €365 | ▼ 56.6% |
| Recurring financial charges65 | €483 | €33 | €234 | €167 | €142,678 | -€8,841 | €841 | €365 | ▼ 56.6% |
| Profit (loss) for the period before taxes9903 | -€45,204 | €144,337 | €178,561 | €241,477 | -€22,159 | €132,403 | -€155,348 | -€286,573 | ▼ 84.5% |
| Income taxes67/77 | €535 | €42,655 | €46,933 | €48,920 | €31,140 | €22,468 | €238 | €308 | ▲ 29.5% |
| Profit (loss) for the period9904 | -€45,739 | €101,681 | €131,629 | €192,558 | -€53,299 | €109,935 | -€155,586 | -€286,881 | ▼ 84.4% |
| Profit (loss) for the period to be appropriated9905 | -€45,739 | €101,681 | €131,629 | €192,558 | -€53,299 | €109,935 | -€155,586 | -€286,881 | ▼ 84.4% |
| Line | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €390,578 | €556,751 | €608,073 | €635,255 | €581,697 | €726,486 | €556,932 | €312,880 | ▼ 43.8% |
| Fixed assets21/28 | €1,139 | €958 | €3,042 | €1,956 | €870 | €431,215 | €326,191 | €151,385 | ▼ 53.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | €428,899 | €316,352 | €143,190 | ▼ 54.7% |
| Tangible fixed assets22/27 | €1,139 | €958 | €3,042 | €1,956 | €870 | €2,317 | €9,839 | €8,195 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €1,956 | €870 | €2,317 | €9,839 | - | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €8,195 | - |
| Current assets29/58 | €389,439 | €555,793 | €605,030 | €633,299 | €580,828 | €295,271 | €230,741 | €161,495 | ▼ 30.0% |
| Amounts receivable within one year40/41 | €388,118 | €525,029 | €305,048 | €10,510 | €11,738 | €138,271 | €101,045 | €20,487 | ▼ 79.7% |
| Trade receivables40 | - | - | - | €0 | - | €25,664 | €64,544 | €8,608 | ▼ 86.7% |
| Other amounts receivable41 | - | - | - | €10,510 | €11,738 | €112,607 | €36,501 | €11,879 | ▼ 67.5% |
| Current investments50/53 | - | - | €249,592 | €587,377 | €444,932 | €150,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €1,322 | €30,764 | €50,391 | €34,599 | €124,158 | €0 | €126,245 | €141,008 | ▲ 11.7% |
| Deferred charges and accrued income490/1 | - | - | - | €814 | €0 | €7,000 | €3,451 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €390,578 | €556,751 | €608,073 | €635,255 | €581,697 | €726,486 | €556,932 | €312,880 | ▼ 43.8% |
| Equity10/15 | €381,768 | €383,449 | €390,078 | €582,635 | €529,336 | €639,272 | €483,686 | €196,805 | ▼ 59.3% |
| Contributions10/11 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Capital10 | - | - | - | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Issued capital100 | - | - | - | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Reserves13 | €19,400 | €19,400 | €26,029 | €35,656 | €35,656 | €35,656 | €35,656 | €35,656 | = |
| Non-distributable reserves130/1 | - | - | - | €19,356 | €19,356 | €19,356 | €19,356 | €19,356 | = |
| Legal reserve130 | - | - | - | €19,356 | €19,356 | €19,356 | €19,356 | €19,356 | = |
| Distributable reserves133 | - | - | - | €16,300 | €16,300 | €16,300 | €16,300 | €16,300 | = |
| Profit (loss) carried forward14 | €12,368 | €14,049 | €14,049 | €196,979 | €143,680 | €253,616 | €98,029 | -€188,852 | - |
| Amounts payable17/49 | €8,810 | €173,302 | €217,995 | €52,620 | €52,361 | €87,214 | €73,246 | €116,075 | ▲ 58.5% |
| Amounts payable within one year42/48 | €8,810 | €173,302 | €217,995 | €52,620 | €52,361 | €87,214 | €73,246 | €116,075 | ▲ 58.5% |
| Financial debts43 | - | - | - | - | - | €7,213 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €7,213 | €0 | - | - |
| Trade debts44 | €8,564 | €1,056 | €854 | €1,766 | €2,995 | €30,136 | €5,808 | €13,502 | ▲ 132% |
| Suppliers440/4 | - | - | - | €1,766 | €2,995 | €30,136 | €5,808 | €13,502 | ▲ 132% |
| Taxes, remuneration and social security45 | - | - | - | €50,853 | €49,366 | €49,865 | €67,438 | €102,573 | ▲ 52.1% |
| Taxes450/3 | - | - | - | €50,853 | €49,366 | €38,205 | €6,980 | €28,556 | ▲ 309% |
| Remuneration and social security454/9 | - | - | - | - | - | €11,660 | €60,458 | €74,018 | ▲ 22.4% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - | - | - |
| Line | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,739 | €101,681 | €131,629 | €192,558 | -€53,299 | €109,935 | -€155,586 | -€286,881 | ▼ 84.4% |
| + Depreciation and write-downs630 | €2,365 | €181 | €1,174 | €1,086 | €1,086 | €39,805 | €165,491 | €177,139 | ▲ 7.0% |
| Operating cash flow (approximation) | -€43,374 | €101,862 | €132,803 | €193,644 | -€52,213 | €149,740 | €9,905 | -€109,742 | - |
| Investment in fixed assets (approximation) | - | - | -€3,259 | €0 | €0 | -€470,150 | -€60,467 | -€2,333 | ▲ 96.1% |
| Change in cash | - | - | €19,627 | -€15,792 | €89,559 | -€124,158 | €126,245 | €14,763 | ▼ 88.3% |
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 (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-08-2026 | 2026-00439483 |
| 31-12-2024 | abbreviated format | 28-07-2025 | 2025-00320633 |
| 31-12-2023 | abbreviated format | 23-08-2024 | 2024-00373364 |
| 31-12-2022 | abbreviated format | 12-06-2023 | 2023-00119971 |
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20185802 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60800072 |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64100014 |
| 03-11-2019 | abbreviated format | 04-12-2019 | 2019-75600486 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €1,334 awarded · €1,334 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Frank Vlayen |
|
| Ive Mertens |
|
| Margot Bertels |
|
| Marc Stevens |
|
Owners and capital
Owners
2 ownersChain of control
- STEVENS en Cie - Wissel Exchange
- UPSILON INFORMATIQUE
Highest known parent: STEVENS en Cie - Wissel Exchange. The sources do not say who stands above it.
Owners 2
-
100%
-
42%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-11
Gazette deed
Resignation: Marc Stevens (director)Appointments: Frank Vlayen, Ive Mertens and Margot Bertels · Registered-office move9 facts ▸
- General meeting, 03-10-2023
- Director resignation, Marc Stevens (director)
- Other provision, “gedelegeerd bestuurder, bevestiging machtiging dagelijks bestuur” (deed in Dutch)
- Director appointment, Frank Vlayen (director)
- Director appointment, Ive Mertens (director)
- Director appointment, Margot Bertels (director)
- Other provision, “geen veroordeling door rechtscollege van lidstaat van Europese Economische Ruimte tot verbod soortgelijk aan verboden in artikel 6 wet van 04-05-2023, afwezighe…” (deed in Dutch) (3 times)
- Board meeting, 03-10-2023
- Registered-office move, Coquilhatstraat 10,bus 101,2000 Antwerpen
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has 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 24 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 |
|---|---|---|---|---|
| 11811L3559/00Y002 | Flanders | 298 m² | 1 · 148 m² | 18.4 m · 5 |