Upsta
ActiveSummary
Upsta has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €911,499 and a net result of €78,886. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 2833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▼-1
Solvency73▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.84 in 2023; short-term debt: 24.7% and cash: 0.8% of total assets), and 52.3% 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.7%
Return on assets
4.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
30 d early
2022
6 d early
2021
1 d late
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€911,499▲ 9.5%
2023 · €832,613
Total assets
€1.9m▲ 5.2%
2023 · €1.8m
Net result
€78,886▼ 3.5%
2023 · €81,707
Working capital
-€179,939▼ 254%
2023 · -€50,846
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€25,071--€768▲ 96.9%-€2,387▼ 211%€137,171€140,503▲ 2.4%
Net result-€25,259--€819▲ 96.8%-€3,016▼ 268%€81,707€78,886▼ 3.5%
Equity€4,741-€3,922▼ 17.3%€750,906▲ 19,045%€832,613▲ 10.9%€911,499▲ 9.5%
Total assets€4,951-€3,922▼ 20.8%€1.6m▲ 40,965%€1.8m▲ 12.7%€1.9m▲ 5.2%
Debt€210-€0▼ 100%€859,728€982,849▲ 14.3%€998,450▲ 1.6%
Working capital€4,741-€3,922▼ 17.3%-€118,710-€50,846▲ 57.2%-€179,939▼ 254%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.6m ▲ 4.1%
Current assets
€292,762 ▲ 11.7%
Equity and liabilities €1.9m
Equity
€911,499 ▲ 9.5%
Debt
€998,450 ▲ 1.6%
Debt's share of the balance-sheet total falls from 54.1% to 52.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.62▼
2023 · 0.84
Debt to equity
1.10▼
2023 · 1.18
ROE
8.7%▼
2023 · 9.8%
ROA
4.1%▼
2023 · 4.5%
Debt ≤ 1 year
€472,700▲
2023 · €312,870
Debt > 1 year
€525,750▼
2023 · €669,978
Income taxes
€26,795▲
2023 · €17,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €606 | €177 | €475 | €722 | ▲ 51.9% |
| Non-recurring operating charges66A | - | - | - | €100 | €1,500 | ▲ 1,400% |
| Gross operating margin9900 | -€24,229 | -€162 | -€2,210 | €137,746 | €142,725 | ▲ 3.6% |
| Operating profit (loss)9901 | -€25,071 | -€768 | -€2,387 | €137,171 | €140,503 | ▲ 2.4% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €9 | €0 | - | - | - | - |
| Financial charges65/66B | - | €52 | €629 | €37,927 | €34,821 | ▼ 8.2% |
| Recurring financial charges65 | €196 | €52 | €629 | €37,927 | €34,821 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | -€25,259 | -€819 | -€3,016 | €99,245 | €105,682 | ▲ 6.5% |
| Income taxes67/77 | - | - | - | €17,538 | €26,795 | ▲ 52.8% |
| Profit (loss) for the period9904 | -€25,259 | -€819 | -€3,016 | €81,707 | €78,886 | ▼ 3.5% |
| Profit (loss) for the period to be appropriated9905 | -€25,259 | -€819 | -€3,016 | €81,707 | €78,886 | ▼ 3.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,951 | €3,922 | €1.6m | €1.8m | €1.9m | ▲ 5.2% |
| Fixed assets21/28 | - | - | €1.5m | €1.6m | €1.6m | ▲ 4.1% |
| Financial fixed assets28 | - | - | €1.5m | €1.6m | €1.6m | ▲ 4.1% |
| Current assets29/58 | €4,951 | €3,922 | €118,618 | €262,024 | €292,762 | ▲ 11.7% |
| Amounts receivable within one year40/41 | €462 | €286 | €96,568 | €192,910 | €278,285 | ▲ 44.3% |
| Trade receivables40 | - | €5 | €2,537 | €99,160 | €88,330 | ▼ 10.9% |
| Other amounts receivable41 | - | €281 | €94,031 | €93,750 | €189,955 | ▲ 103% |
| Cash at bank and in hand54/58 | €4,490 | €3,636 | €22,050 | €69,114 | €14,477 | ▼ 79.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,951 | €3,922 | €1.6m | €1.8m | €1.9m | ▲ 5.2% |
| Equity10/15 | €4,741 | €3,922 | €750,906 | €832,613 | €911,499 | ▲ 9.5% |
| Contributions10/11 | - | €30,000 | €780,000 | €780,000 | €780,000 | = |
| Profit (loss) carried forward14 | -€25,259 | -€26,078 | -€29,094 | €52,613 | €131,499 | ▲ 150% |
| Amounts payable17/49 | €210 | €0 | €859,728 | €982,849 | €998,450 | ▲ 1.6% |
| Amounts payable after more than one year17 | - | - | €622,400 | €669,978 | €525,750 | ▼ 21.5% |
| Financial debts170/4 | - | - | €622,400 | €669,978 | €525,750 | ▼ 21.5% |
| Amounts payable within one year42/48 | €210 | €0 | €237,329 | €312,870 | €472,700 | ▲ 51.1% |
| Current portion of amounts payable after more than one year42 | - | - | €77,600 | €137,773 | €144,228 | ▲ 4.7% |
| Financial debts43 | - | - | - | €5,065 | €23,000 | ▲ 354% |
| Credit institutions430/8 | - | - | - | €5,065 | €23,000 | ▲ 354% |
| Trade debts44 | - | - | €2,228 | €71,330 | €121,000 | ▲ 69.6% |
| Suppliers440/4 | - | - | €2,228 | €71,330 | €121,000 | ▲ 69.6% |
| Taxes, remuneration and social security45 | - | €0 | - | €4,953 | €4,953 | = |
| Taxes450/3 | - | €0 | - | €4,953 | €4,953 | = |
| Other amounts payable47/48 | - | - | €157,500 | €93,750 | €179,519 | ▲ 91.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,259 | -€819 | -€3,016 | €81,707 | €78,886 | ▼ 3.5% |
| Operating cash flow (approximation) | -€25,259 | -€819 | -€3,016 | €81,707 | €78,886 | ▼ 3.5% |
| Investment in fixed assets (approximation) | - | - | - | -€61,422 | -€63,750 | ▼ 3.8% |
| Change in cash | - | -€853 | €18,414 | €47,064 | -€54,637 | ▼ 216% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €81,707
Net result €81,707 after 3 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €750,906 ▲19,045%
Equity rises from €3,922 to €750,906.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kontich · 1 establishment unit since 2019
Ground area
4,007 m²
Building footprint
1,313 m²
Volume, LiDAR
5,663 m³
Parcel 11024G0018/00L000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Upsta
since 20192.291.054.381
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024G0018/00L000 | Flanders | 4,007 m² | 1 · 1,313 m² | 6.1 m · 1 fl. |
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.
Structure & network
Part of the group
GUMPTION
17 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- GUMPTION
- Upsta
Highest known parent: GUMPTION. The sources do not say who stands above it.
Owners 1
- GUMPTIONparentSourceaccounts GUMPTION 2025100%
Holdings 1
-
100%
According to the 2024 annual accounts of Upsta and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 4,306 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
Founded14-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728510481
Also
9925:BE0728510481
Registered
21-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.