Upstairs
ActiveUpstairs has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212k and a net result of €-2k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 57% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39=
Solvency64▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.43 in 2024; short-term debt: 4.5% and cash: 0.7% of total assets), and 61.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
31 d early
2023
28 d early
2022
35 d early
2021
34 d early
2020
31 d early
2019
48 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€212k▼ 0.8%
2024 · €214k
2018: €231k
2019: €225k
2020: €236k
2021: €224k
2022: €224k
2023: €215k
2024: €214k
2018 → 2025
Total assets
€550k▼ 5.5%
2024 · €582k
2018: €761k
2019: €715k
2020: €678k
2021: €656k
2022: €617k
2023: €596k
2024: €582k
2018 → 2025
Net result
€-2k▼ 45.3%
2024 · €-1k
2018: €30
2019: €-5k
2020: €10k
2021: €-12k
2022: €170
2023: €-9k
2024: €-1k
2018 → 2025
Working capital
€-18k▲ 24.9%
2024 · €-24k
2018: €23k
2019: €-19k
2020: €-42k
2021: €-44k
2022: €-35k
2023: €-32k
2024: €-24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€224k▲ 0.1%€215k▼ 4.0%€214k▼ 0.5%€212k▼ 0.8%
Operating result€-10k-€6k€4k▼ 39.4%€12k▲ 211%€11k▼ 6.3%
Net result€-12k-€170€-9k€-1k▲ 87.7%€-2k▼ 45.3%
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 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €550k
Fixed assets
€544k▼ 3.7%
Current assets
€7k▼ 62.5%
Equity and liabilities €550k
Equity
€212k▼ 0.8%
Provisions
€37k▼ 5.3%
Debt
€301k▼ 8.6%
The debt ratio falls from 56.6% to 54.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €35k
Cash flow
€21k▼
2024 · €22k
Solvency
38.6%▲
2024 · 36.7%
Current ratio
0.27▼
2024 · 0.43
Quick ratio
0.27▼
2024 · 0.43
Debt / equity
1.42▼
2024 · 1.54
ROE
-0.8%▼
2024 · -0.5%
ROA
-0.3%▼
2024 · -0.2%
Interest coverage
2.53▲
2024 · 2.46
Debt
€301k▼
2024 · €330k
Debt ≤ 1 year
€25k▼
2024 · €41k
Debt > 1 year
€277k▼
2024 · €288k
Income taxes
€2k▲
2024 · €884
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€582k€550k▼
Fixed assets21/28€565k€544k▼
Tangible fixed assets22/27€565k€544k▼
Land and buildings22€565k€543k▼
Furniture and vehicles24-€1k
Current assets29/58€18k€7k▼
Amounts receivable within one year40/41€489€2k▲
Trade receivables40€489€741▲
Other amounts receivable41-€1k
Cash at bank and in hand54/58€17k€4k▼
Deferred charges and accrued income490/1€273€279▲
Equity and liabilities
Total equity and liabilities10/49€582k€550k▼
Equity10/15€214k€212k▼
Contributions10/11€20k€19k▼
Reserves13€193k€194k▲
Tax-exempt reserves132€117k€110k▼
Distributable reserves133€77k€83k▲
Provisions and deferred taxes16€39k€37k▼
Deferred taxes168€39k€37k▼
Amounts payable17/49€330k€301k▼
Amounts payable after more than one year17€288k€277k▼
Financial debts170/4€288k€277k▼
Amounts payable within one year42/48€41k€25k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€1k€606▼
Taxes450/3€1k€606▼
Other amounts payable47/48€26k€10k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€40k€39k▼
Operating profit (loss)9901€12k€11k▼
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€-2k€-2k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€884€2k▲
Profit (loss) for the period9904€-1k€-2k▼
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€5k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€5k▼
Transfer from equity791/2€0-
Transfer to equity691/2€5k€5k▼
To other reserves6921€5k€5k▼
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
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €170
Net result €170 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-12k ▼217%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mortsel · 1 establishment unit since 1989
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.
Kapellelei 122640 MortselGround area
2,303 m²
Building footprint
521 m²
Volume, LiDAR
3,087 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
UPSTAIRS NV
since 19892.046.121.166
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0086/00H000 | Flanders | 1,364 m² | 1 · 358 m² | 7.4 m · 2 fl. |
| 11029A0183/00A009 | Flanders | 939 m² | 1 · 162 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ROGER DE BODT & DEVEL
BE 0401.162.702
Halle · Eq €212k
Fundaris
BE 0428.776.424
Rumst · Eq €212k
VAN MOERE
BE 0434.553.961
Brugge · Eq €212k
VAMA
BE 0439.916.576
De Panne · Eq €212k
G.P. INVEST
BE 0694.528.314
Walcourt · Eq €212k
Of 9,134 companies in sector 68201 we hold annual accounts for 6,763. 4,840 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-1989
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.