UPSILON PROCESS
ActiveUPSILON PROCESS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €35k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+8
Solvency36▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.0 in 2024; short-term debt: 82.4% and cash: 12.2% of total assets), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
14 d late
2023
9 d late
2022
1 d late
2021
2 d late
2020
16 d late
2019
228 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k▲ 636%
2024 · €5k
2019: €18k
2020: €10k
2021: €167
2022: €38k
2023: €22k
2024: €5k
2019 → 2025
Working capital
€-28k▼ 1,286%
2024 · €-2k
2019: €34k
2020: €59k
2021: €41k
2022: €6k
2023: €-4k
2024: €-2k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€80k▲ 31.4%€82k▲ 2.9%€79k▼ 4.0%€52k▼ 34.3%
Operating result€7k-€55k▲ 705%€37k▼ 32.6%€23k▼ 39.5%€84k▲ 274%
Net result€167-€38k▲ 22,558%€22k▼ 40.7%€5k▼ 78.8%€35k▲ 636%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 274% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479k
Fixed assets
€112k▼ 15.9%
Current assets
€368k▼ 30.5%
Equity and liabilities €479k
Equity
€52k▼ 34.3%
Debt
€428k▼ 26.7%
The debt ratio rises from 88.1% to 89.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€144k▲
2024 · €89k
Cash flow
€94k▲
2024 · €72k
Solvency
10.8%▼
2024 · 11.9%
Current ratio
0.93▼
2024 · 1.00
Quick ratio
0.93▼
2024 · 1.00
Debt / equity
8.28▲
2024 · 7.43
ROE
68.0%▲
2024 · 6.1%
ROA
7.3%▲
2024 · 0.7%
Interest coverage
6.85▼
2024 · 23.78
Debt
€428k▼
2024 · €583k
Debt ≤ 1 year
€395k▼
2024 · €531k
Debt > 1 year
€33k▼
2024 · €52k
Income taxes
€28k▲
2024 · €14k
Staff costs
€690k▲
2024 · €500k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€662k€479k▼
Fixed assets21/28€133k€112k▼
Tangible fixed assets22/27€131k€110k▼
Plant, machinery and equipment23€39k€21k▼
Furniture and vehicles24€45k€38k▼
Other tangible fixed assets26€48k€51k▲
Financial fixed assets28€1k€1k=
Current assets29/58€529k€368k▼
Amounts receivable within one year40/41€504k€307k▼
Trade receivables40€504k€279k▼
Other amounts receivable41-€28k
Cash at bank and in hand54/58€13k€58k▲
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€662k€479k▼
Equity10/15€79k€52k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€58k€31k▼
Amounts payable17/49€583k€428k▼
Amounts payable after more than one year17€52k€33k▼
Financial debts170/4€52k€33k▼
Amounts payable within one year42/48€531k€395k▼
Current portion of amounts payable after more than one year42€35k€20k▼
Trade debts44€284k€263k▼
Suppliers440/4€284k€263k▼
Taxes, remuneration and social security45€162k€112k▼
Taxes450/3€99k€32k▼
Remuneration and social security454/9€63k€80k▲
Other amounts payable47/48€50k€610▼
Income statement
Code20242025
Remuneration, social security and pensions62€500k€690k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€59k▼
Other operating charges640/8€9k€8k▼
Gross operating margin9900€598k€841k▲
Operating profit (loss)9901€23k€84k▲
Financial income75/76B€39€203▲
Recurring financial income75€39€203▲
Financial charges65/66B€4k€21k▲
Recurring financial charges65€4k€21k▲
Profit (loss) for the period before taxes9903€19k€63k▲
Income taxes67/77€14k€28k▲
Profit (loss) for the period9904€5k€35k▲
Profit (loss) for the period to be appropriated9905€5k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€93k▲
Profit (loss) brought forward from the previous period14P€61k€58k▼
Profit to be distributed694/7€8k€62k▲
Return on contributions (dividend)694€8k€62k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2022
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
31-03
Financial
Highest result since 2019net €38k ▲22558%
Net result €38k, the highest in the series.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
31-03
Financial
Weakest financial yearnet €167 ▼98.4%
Net result drops to €167, the lowest in the series; recovery starts the following year.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 228 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boulevard de l'Europe 1311300 WavreGround area
6,168 m²
Building footprint
2,304 m²
Volume, LiDAR
16,857 m³
Parcel 25006C0331/00N000, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
UPSILON PROCESS
since 20172.262.977.237
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006C0331/00N000 | Wallonia | 6,168 m² | 1 · 2,304 m² | 12.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 82,570 companies in sector 70200 we hold annual accounts for 52,574. 38,236 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2017
Fiscal year end31-03
Activities, NACEBEL
25210Manufacture of fabricated metal products, except machinery and equipment
25300Manufacture of fabricated metal products, except machinery and equipment
70200Business and other management consultancy
70220Business consulting
47730Retail sale of pharmaceutical products
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.