UPSTONE
ActiveUPSTONE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €875. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
68
/ 100
Healthy▼ -28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-95
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 3.83 in 2024), and 27.9% 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
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 · 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 →
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 · 5 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
7 d early
2021
137 d early
← 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 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€90k▲ 1.0%
2024 · €89k
2021: €29k
2022: €61k
2023: €66k
2024: €89k
2021 → 2025
Total assets
€124k▲ 7.2%
2024 · €116k
2021: €51k
2022: €88k
2023: €92k
2024: €116k
2021 → 2025
Net result
€875▼ 96.2%
2024 · €23k
2021: €76k
2022: €77k
2023: €5k
2024: €23k
2021 → 2025
Working capital
€84k▲ 8.4%
2024 · €77k
2021: €15k
2022: €37k
2023: €47k
2024: €77k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€61k▲ 111%€66k▲ 7.5%€89k▲ 35.2%€90k▲ 1.0%
Operating result€76k-€83k▲ 9.3%€81k▼ 2.8%€73k▼ 9.2%€57k▼ 22.0%
Net result€76k-€77k▲ 1.5%€5k▼ 94.1%€23k▲ 404%€875▼ 96.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 22% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€6k▼ 48.3%
Current assets
€118k▲ 13.3%
Equity and liabilities €124k
Equity
€90k▲ 1.0%
Debt
€35k▲ 27.3%
The debt ratio rises from 23.5% to 27.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€63k▼
2024 · €81k
Cash flow
€6k▼
2024 · €30k
Solvency
72.1%▼
2024 · 76.5%
Current ratio
3.41▼
2024 · 3.83
Quick ratio
3.41▼
2024 · 3.83
Debt / equity
0.39▲
2024 · 0.31
ROE
1.0%▼
2024 · 26.0%
ROA
0.7%▼
2024 · 19.9%
Interest coverage
1.17▼
2024 · 2.24
Debt
€35k▲
2024 · €27k
Debt ≤ 1 year
€35k▲
2024 · €27k
Income taxes
€3k▼
2024 · €14k
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€116k€124k▲
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€12k€6k▼
Furniture and vehicles24€7k€2k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€104k€118k▲
Amounts receivable after more than one year29€89k€108k▲
Other amounts receivable291€89k€108k▲
Amounts receivable within one year40/41€15k€11k▼
Trade receivables40€15k€10k▼
Other amounts receivable41€20€874▲
Deferred charges and accrued income490/1€820€157▼
Equity and liabilities
Total equity and liabilities10/49€116k€124k▲
Equity10/15€89k€90k▲
Contributions10/11€3k€3k=
Reserves13€28k€29k▲
Distributable reserves133€28k€29k▲
Profit (loss) carried forward14€58k€58k=
Amounts payable17/49€27k€35k▲
Amounts payable within one year42/48€27k€35k▲
Financial debts43€3k€1k▼
Credit institutions430/8€3k€1k▼
Trade debts44€2k€18k▲
Suppliers440/4€2k€18k▲
Taxes, remuneration and social security45€22k€16k▼
Taxes450/3€22k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€533€2k▲
Gross operating margin9900€81k€64k▼
Operating profit (loss)9901€73k€57k▼
Financial income75/76B-€33
Recurring financial income75-€33
Financial charges65/66B€36k€54k▲
Recurring financial charges65€36k€54k▲
Profit (loss) for the period before taxes9903€38k€4k▼
Income taxes67/77€14k€3k▼
Profit (loss) for the period9904€23k€875▼
Profit (loss) for the period to be appropriated9905€23k€875▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€59k▼
Profit (loss) brought forward from the previous period14P€58k€58k=
Transfer to equity691/2€23k€875▼
To other reserves6921€23k€875▼
The notes to these accounts (6 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
31-03
Financial
Weakest financial yearnet €875 ▼96.2%
Net result drops to €875, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2021net €77k ▲1.5%
Operating result €83k, net result €77k, both a record.
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2019
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.
Visélaan 71170 Watermaal-BosvoordeGround area
787 m²
Building footprint
198 m²
Volume, LiDAR
1,710 m³
2 parcels, Brussels, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
UPSTONE
since 20192.296.284.364
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033C0075/00F017 | Flanders | 654 m² | 1 · 140 m² | 10.4 m · 2 fl. |
| 21017D0054/00R008 | Brussels | 133 m² | 1 · 58 m² | 13.3 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900ZTB58MNMR0A536
Similar companies · same sector, comparable size
CÉZON
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BULTIAU FINANCE & CONSTRUCT CONSULTING
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SEMARO EXPERTISE
BE 0760.324.305
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L'IMMOBILIERE DU CENTRE
BE 0447.026.181
La Louvière · Eq €89k
Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 5,142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2019
Fiscal year end31-03
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:nicolas.vanoekel@hotmail.com