Equity
€168,641 ▼ 19.9%
UPSTREAM paid out €35,000 in dividends in a year with a loss of €6,794.
UPSTREAM
Overview
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €89,734 (2006)
€8,732▼ 54.8%
lowest -€58,401 (2008)
-€6,794▼ €10,500
peak €216,728 (2023)
€168,641▼ 19.9%
€66,816▲ 55.6%
Board1 name since 2021
1 director
Owners
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Gross margin from €19,331 to €8,732Loss of €6,794Dividend €35,000Equity from €210,435 to €168,641Debts from €42,941 to €66,816
Key points
from the 2025 annual accountsTurnover
≈ €29,000 estimated
The micro format states no turnover.
Investments
€24,555 1.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.73 was 5.99 in 2024
Short-term debts rose from €34,693 to €65,637.
Filings
35 annual accounts since 1991
The last five annual accounts were filed 28 to 40 days before the end of the period.
Position in the sector
€168,641
More equity than 82% of companies in film, video and music. Sector median €41,731 · 1,986 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 12,344 companies had the same profile as UPSTREAM has now. Each dot stands for 31 companies, two years later.
90.1%
were still trading
8.7%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,344 companies, not a prediction for UPSTREAM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Change of role: , from manager to director
Permanent representative: · General meeting of 22-01-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440189166
First establishment
UPSTREAM BVBA, Jachthoornlaan 10, Bonheiden
Incorporation
published on 27-04-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| UPSTREAM Bonheiden | €235,457 | €8,732 | 71.6% | - |
| L.D.G. Produkties Herenthout | €259,363 | €16,965 | 89.4% | - |
| C-DESIGN GRAPHICS Wielsbeke | €240,071 | €13,907 | 38.9% | - |
| JEDIDIAH Diest | €325,818 | €8,318 | 93.1% | - |
| NEW FRONTIER FILMS Uccle | €273,681 | €14,301 | 11.9% | - |
| KIM DUCHATEAU Tienen | €244,917 | €9,841 | 97.7% | - |
| THE WRITE STUFF Meise | €248,619 | €17,389 | 90.4% | - |
These companies have the same main activity as UPSTREAM: video and film production, excluding cinema and television films (NACE 59113). They are comparable in size and age: total assets between €240,000 and €326,000, founded between 1989 and 2001.
Official details
Source: KBO- Status
- Active since 04-04-1990Normal situation
- Activity
- Video and film production, excluding cinema and television filmsNACE 59113and 3 others
- Establishment unit
- 2.048.563.4872820 Bonheiden, since 11-06-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 29-08-2023
Annual accounts 2025
- €8,732▼ 54.8%
- €6,794
- €168,641▼ 19.9%
- €235,457▼ 7.1%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on UPSTREAM
UPSTREAM files the micro format. That format states no turnover. The gross margin fell from €89,734 in 2006 to €8,732 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 03-07-2026, 28 days before the deadline€8,732
▼ 54.8%
-€5,995
▼ €13,290
-€6,794
▼ €10,500
€113,878
▼ 34.2%
71.6%
▼ 11.4 percentage points
2.73
▼ 3.25
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €29,000. Estimated: probably between €17,000 and €65,000.
Balance sheet
balance sheet total €235,457 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
71.6%
Higher than 73% of 1,983 companies in 2025.
2.73
Higher than 65% of 1,878 companies in 2025.
-2.9%
Higher than 27% of 1,900 companies in 2025.
UPSTREAM
Middle half of the sector
80% of the sector
Micro accounts in film, video and music (NACE 59)
Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
235,457 | 253,375 | 245,982 | 224,490 | 213,450 | 190,891 | 200,823 | 208,380 | 231,275 | 210,230 | 255,557 | 294,505 | 334,036 | 320,208 | 355,992 | 393,436 | 424,849 | 450,734 | 546,378 | 613,580 | |
21/28 |
55,941 | 45,594 | 10,543 | 16,194 | 14,768 | 24,592 | 46,687 | 54,462 | 77,196 | 98,189 | 128,807 | 173,981 | 217,196 | 216,346 | 253,679 | 293,223 | 340,638 | 387,449 | 432,913 | 471,884 | |
22/27 |
55,941 | 45,594 | 10,543 | 16,194 | 14,768 | 24,592 | 46,687 | 54,462 | 77,196 | 98,189 | 128,807 | 173,981 | 217,196 | 216,346 | 253,679 | 293,223 | 340,638 | 387,449 | 432,913 | 471,884 | |
23 |
7,447 | 8,236 | 6,168 | 9,945 | 6,296 | 20,372 | 27,944 | 24,997 | 30,694 | 35,231 | 47,226 | 67,123 | 83,618 | 86,704 | 103,794 | 122,404 | 140,433 | 157,403 | 173,027 | 173,642 | |
24 |
48,494 | 37,358 | 4,376 | 6,249 | 8,472 | 4,220 | 5,242 | 2,465 | 6,002 | 8,959 | 14,081 | 19,115 | 25,593 | 1,414 | 1,414 | 2,105 | 11,249 | 20,847 | 30,444 | 37,276 | |
29/58 |
179,515 | 207,782 | 235,439 | 208,295 | 198,681 | 166,299 | 154,136 | 153,918 | 154,079 | 112,041 | 126,749 | 120,524 | 116,840 | 103,861 | 102,313 | 100,214 | 84,211 | 63,284 | 113,465 | 141,696 | |
40/41 |
21,483 | 23,863 | 32,736 | 38,365 | 54,780 | 25,136 | 35,317 | 41,667 | 44,774 | 15,823 | 24,916 | 25,185 | 23,540 | 18,078 | 23,987 | 19,845 | 30,047 | 25,078 | 18,393 | 28,849 | |
40 |
21,483 | 18,055 | 30,340 | 26,449 | 31,165 | 21,877 | 26,223 | 22,580 | 16,571 | 10,451 | 14,887 | 18,866 | 16,897 | 18,078 | 17,347 | 19,842 | 24,088 | 19,190 | 16,263 | 14,009 | |
41 |
- | 5,809 | 2,396 | 11,916 | 23,615 | 3,259 | 9,095 | 19,087 | 28,203 | 5,373 | 10,029 | 6,319 | 6,644 | - | 6,640 | 4 | 5,959 | 5,888 | 2,130 | 14,839 | |
50/53 |
77,567 | 116,094 | 152,228 | 152,236 | 135,736 | 131,882 | 114,436 | 100,802 | 63,784 | 91,998 | 101,163 | 94,346 | 92,733 | 80,821 | 65,055 | 67,013 | 53,352 | 31,889 | 92,545 | 112,376 | |
54/58 |
80,270 | 67,180 | 50,205 | 17,695 | 5,662 | 9,281 | 4,382 | 11,449 | 45,522 | 4,219 | 552 | 568 | 567 | 4,963 | 4,871 | 13,356 | 811 | 6,318 | 2,527 | 472 | |
490/1 |
195 | 644 | 270 | - | 2,503 | - | - | - | - | 1 | 117 | 426 | - | - | 8,400 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
235,457 | 253,375 | 245,982 | 224,490 | 213,450 | 190,891 | 200,823 | 208,380 | 231,275 | 210,230 | 255,557 | 294,505 | 334,036 | 320,208 | 355,992 | 393,436 | 424,849 | 450,734 | 546,378 | 613,580 | |
10/15 |
168,641 | 210,435 | 216,728 | 190,844 | 172,412 | 117,653 | 147,543 | 133,972 | 135,388 | 100,108 | 105,207 | 95,531 | 83,061 | 63,561 | 68,322 | 56,252 | 62,324 | 64,331 | 122,733 | 152,663 | |
10/11 |
40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
100 |
- | - | - | - | - | - | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
13 |
82,700 | 117,700 | 124,000 | 99,000 | 81,000 | 35,000 | 67,386 | 57,386 | 57,386 | 45,386 | 45,386 | 20,469 | 8,000 | 8,000 | 8,000 | 8,000 | 7,040 | 7,040 | 7,040 | 9,887 | |
130/1 |
4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 3,040 | 3,040 | 3,040 | 2,887 | |
1311 |
4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | - | - | - | - | 4,000 | 4,000 | 4,000 | 4,000 | 7,000 | |
133 |
78,700 | 113,700 | 120,000 | 95,000 | 77,000 | 27,000 | 59,386 | 49,386 | 49,386 | 37,386 | 37,386 | 16,469 | 4,000 | 4,000 | 4,000 | - | - | - | - | - | |
14 |
45,941 | 52,735 | 52,728 | 51,844 | 51,412 | 42,653 | 40,157 | 36,586 | 38,002 | 14,722 | 19,822 | 35,061 | 35,061 | 15,561 | 20,322 | 8,252 | 15,284 | 17,291 | 75,692 | 102,776 | |
17/49 |
66,816 | 42,941 | 29,254 | 33,646 | 41,038 | 73,238 | 53,280 | 74,409 | 95,888 | 110,122 | 150,349 | 198,974 | 250,975 | 256,647 | 287,671 | 337,185 | 362,525 | 386,402 | 423,646 | 460,917 | |
17 |
1,178 | 8,248 | - | - | - | - | 24,823 | 47,302 | 69,083 | 103,412 | 123,843 | 162,553 | 194,147 | 249,799 | 284,252 | 317,314 | 349,012 | 378,372 | 406,764 | 441,652 | |
170/4 |
1,178 | 8,248 | - | - | - | - | 24,823 | 47,302 | 69,083 | 103,412 | 123,843 | 162,553 | 194,147 | 249,799 | 284,252 | 317,314 | 349,012 | 378,372 | 406,764 | 441,652 | |
42/48 |
65,637 | 34,693 | 29,254 | 21,646 | 41,038 | 73,238 | 28,457 | 26,894 | 25,894 | 6,711 | 26,506 | 36,421 | 53,828 | 6,848 | 3,418 | 19,871 | 13,512 | 8,030 | 16,313 | 19,265 | |
42 |
7,070 | 7,070 | 3,423 | - | 15,081 | 25,204 | 15,079 | 14,431 | 13,811 | 579 | 19,395 | 27,365 | 19,309 | - | - | - | - | 692 | 8,300 | 8,300 | |
43 |
- | 4,098 | 3,766 | - | 2,560 | - | 622 | - | - | - | 459 | 1,991 | 3,314 | - | - | - | 6,073 | - | 2,532 | 375 | |
430/8 |
- | 4,098 | 3,766 | - | 2,560 | - | 622 | - | - | - | 459 | 1,991 | 3,314 | - | - | - | 6,073 | - | 2,532 | 375 | |
44 |
9,585 | 4,982 | 4,512 | 8,656 | 13,899 | 2,113 | 8,076 | 3,599 | 4,541 | 1,986 | 3,589 | 1,946 | 30,462 | 438 | 789 | 859 | 1,117 | 1,458 | 981 | 3,289 | |
440/4 |
9,585 | 4,982 | 4,512 | 8,656 | 13,899 | 2,113 | 8,076 | 3,599 | 4,541 | 1,986 | 3,589 | 1,946 | 30,462 | 438 | 789 | 859 | 1,117 | 1,458 | 981 | 3,289 | |
45 |
8,843 | 4,366 | 9,950 | 12,990 | 9,498 | 8,535 | 2,606 | 7,824 | 7,542 | 4,146 | 3,063 | 5,119 | 742 | 4,832 | 2,630 | 4,719 | 6,323 | 5,880 | 4,500 | 7,301 | |
450/3 |
8,843 | 4,366 | 9,950 | 12,990 | 9,498 | 8,535 | 2,606 | 7,824 | 7,542 | 4,146 | 3,063 | 5,119 | 742 | 4,832 | 2,630 | 4,719 | 6,323 | 5,880 | 4,500 | 7,301 | |
47/48 |
40,139 | 14,177 | 7,602 | - | - | 37,386 | 2,073 | 1,039 | - | - | - | - | - | 1,578 | - | 14,293 | - | - | - | - | |
492/3 |
- | - | - | 12,000 | - | - | - | 213 | 910 | - | - | - | 3,000 | - | - | - | - | - | 569 | - | |
| Income statement | |||||||||||||||||||||
76A |
- | 7,240 | - | 32 | 35,502 | 8,513 | 11,983 | - | - | 2,119 | 11,405 | 8,657 | 16,120 | 10,325 | 5,191 | - | - | - | 25 | 4,500 | |
9900 |
8,732 | 19,331 | 44,753 | 52,071 | 85,527 | 37,559 | 44,153 | 38,292 | 75,054 | 36,421 | 60,627 | 74,204 | 64,307 | 64,857 | 74,895 | 80,853 | 51,871 | 47,903 | 83,013 | 89,734 | |
630 |
14,207 | 11,531 | 6,459 | 5,540 | 4,008 | 22,094 | 22,747 | 19,893 | 25,122 | 35,728 | 46,087 | 47,743 | 47,917 | 41,441 | 42,292 | 49,828 | 50,878 | 49,770 | 62,863 | 60,807 | |
631/4 |
- | - | - | - | - | - | - | - | - | -707 | - | - | - | 707 | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3,000 | - | |
640/8 |
520 | 505 | 493 | 1,585 | 2,453 | 4,236 | 2,352 | 2,316 | 3,880 | 3,830 | 3,950 | 3,658 | 3,741 | 3,584 | 3,435 | 2,857 | 3,457 | 3,904 | 2,943 | 1,876 | |
66A |
- | - | - | - | - | - | - | - | - | - | 3,048 | 195 | - | - | 7,671 | - | - | 34,783 | - | - | |
9901 |
-5,995 | 7,295 | 37,800 | 44,946 | 79,066 | 11,228 | 19,054 | 16,082 | 46,052 | -2,430 | 10,590 | 22,803 | 12,649 | 19,125 | 29,169 | 28,168 | -2,464 | -5,772 | 20,207 | 27,051 | |
75/76B |
946 | 496 | 39 | 0 | 1 | 0 | 0 | 1 | 6,075 | 2,120 | 12 | 2 | 151 | 208 | 171 | 9,748 | 18,035 | 1,666 | 6,424 | 9,015 | |
75 |
946 | 496 | 39 | 0 | 1 | 0 | 0 | 1 | - | 1 | 12 | 2 | 151 | 208 | 171 | 9,748 | 18,035 | 1,666 | 6,424 | 9,015 | |
76B |
- | - | - | - | - | - | - | - | 6,075 | 2,119 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
1,471 | 2,405 | 1,339 | 1,668 | 1,827 | 1,902 | 3,277 | 14,217 | 4,305 | 4,790 | 5,926 | 7,799 | 7,174 | 10,339 | 12,726 | 13,989 | 17,578 | 19,512 | 21,743 | 14,806 | |
65 |
1,471 | 2,405 | 1,339 | 1,668 | 1,827 | 1,837 | 3,277 | 3,805 | 4,305 | 4,790 | 5,926 | 7,799 | 7,174 | 10,339 | 12,726 | 13,989 | 17,578 | 19,512 | 21,743 | 14,806 | |
66B |
- | - | - | - | - | 64 | - | 10,412 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-6,521 | 5,386 | 36,500 | 43,277 | 77,241 | 9,327 | 15,777 | 1,866 | 47,822 | -5,100 | 13,033 | 23,467 | 21,745 | 19,318 | 14,134 | 23,927 | -2,007 | -58,401 | 4,913 | 25,759 | |
67/77 |
273 | 1,679 | 10,616 | 12,845 | 22,482 | 1,831 | 2,206 | 3,282 | 12,542 | 0 | 3,356 | 10,998 | 2,245 | 4,079 | 2,064 | - | -0 | - | 1,843 | 5,208 | |
9904 |
-6,794 | 3,706 | 25,884 | 30,432 | 54,759 | 7,496 | 13,571 | -1,416 | 35,280 | -5,100 | 9,677 | 12,469 | 19,500 | 15,239 | 12,070 | 23,927 | -2,007 | -58,401 | 3,069 | 20,552 | |
789 |
- | - | - | - | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-6,794 | 3,706 | 25,884 | 30,432 | 58,759 | 7,496 | 13,571 | -1,416 | 35,280 | -5,100 | 9,677 | 12,469 | 19,500 | 15,239 | 12,070 | 23,927 | -2,007 | -58,401 | 3,069 | 20,552 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
45,941 | 56,435 | 77,728 | 81,844 | 101,412 | 47,653 | 50,157 | 36,586 | 50,002 | 14,722 | 44,738 | 47,531 | 35,061 | 35,561 | 20,322 | 39,211 | 15,284 | 17,291 | 105,846 | 125,212 | |
14P |
52,735 | 52,728 | 51,844 | 51,412 | 42,653 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
35,000 | 10,000 | - | 12,000 | - | 37,386 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 3,700 | 25,000 | 30,000 | 50,000 | 5,000 | 10,000 | - | 12,000 | - | 24,916 | 12,469 | - | - | - | 960 | - | - | 153 | 22,436 | |
691 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21,408 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 960 | - | - | 153 | 1,028 | |
6921 |
- | 3,700 | 25,000 | 30,000 | 50,000 | 5,000 | 10,000 | - | 12,000 | - | 24,916 | 12,469 | - | - | - | - | - | - | - | - | |
694/7 |
35,000 | 10,000 | - | 12,000 | - | 37,386 | - | - | - | - | - | - | - | 20,000 | - | 30,000 | - | - | 30,000 | - | |
694 |
35,000 | 10,000 | - | 12,000 | - | 37,386 | - | - | - | - | - | - | - | 20,000 | - | 30,000 | - | - | 30,000 | - | |
| Document | |||||||||||||||||||||
The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00246072 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00196892 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00156702 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00151060 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20107689 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-27500039 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19300596 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-23300583 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-35900022 | |
| 31-12-2016 | abbreviated format | 22-06-2017 | 2017-20800157 | |
| 31-12-2015 | abbreviated format | 24-06-2016 | 2016-21600149 | |
| 31-12-2014 | abbreviated format | 24-08-2015 | 2015-45400047 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-24500596 | |
| 31-12-2012 | abbreviated format | 28-06-2013 | 2013-23400286 | |
| 31-12-2011 | abbreviated format | 27-06-2012 | 2012-21700380 | |
| 31-12-2010 | abbreviated format | 30-06-2011 | 2011-23300027 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-22900566 | |
| 31-12-2008 | abbreviated format | 27-08-2009 | 2009-66100334 | |
| 31-12-2007 | abbreviated format | 18-08-2008 | 2008-57500372 | |
| 31-12-2006 | abbreviated format | 21-08-2007 | 2007-58400290 | |
| 31-12-2005 | abbreviated format | 28-08-2006 | 2006-68403857 | |
| 31-12-2004 | abbreviated format | 23-09-2005 | 2005-70302020 | |
| 31-12-2003 | abbreviated format | 12-07-2004 | 2004-44003447 | |
| 31-12-2002 | abbreviated format | 27-08-2003 | 2003-63301259 | |
| 31-12-2001 | abbreviated format | 19-08-2002 | 2002-48401147 | |
| 31-12-2000 | abbreviated format | 30-08-2001 | 2001-52804980 | |
| 31-12-1999 | abbreviated format | 22-06-2000 | 2000-26201821 | |
| 31-12-1998 | abbreviated format | 02-09-1999 | 1999-44101244 | |
| 31-12-1997 | abbreviated format | 21-09-1998 | 1998-48002703 | |
| 31-12-1996 | abbreviated format | 27-08-1997 | 1997-39802341 | |
| 31-12-1995 | abbreviated format | 01-07-1996 | 1996-29005269 | |
| 31-12-1994 | abbreviated format | 30-06-1995 | 1995-34100635 | |
| 31-12-1993 | abbreviated format | 19-07-1994 | 1994-31104819 | |
| 31-12-1992 | abbreviated format | 11-08-1993 | 1993-31603064 | |
| 31-12-1991 | abbreviated format | 27-08-1992 | 1992-29701396 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,212 | 18,826 | 44,260 | 50,486 | 83,074 | 33,323 | 41,801 | 35,975 | 71,174 | 33,299 | 56,677 | 70,546 | 60,566 | 60,566 | 71,460 | 77,997 | 48,414 | 43,999 | 83,070 | 87,858 | ||
| 7,414 | 15,237 | 32,344 | 35,973 | 58,767 | 29,590 | 36,318 | 18,477 | 60,402 | 30,628 | 55,764 | 60,213 | 67,417 | 56,680 | 54,362 | 73,756 | 48,871 | -8,631 | 65,932 | 81,358 | ||
| 24,555 | 46,581 | 808 | 6,966 | 8,591 | 0 | 14,972 | 1,314 | 4,129 | 5,110 | 17,446 | 4,889 | 48,767 | 4,108 | 2,748 | 2,413 | 4,068 | 4,306 | 23,892 | 246,204 | ||
| 13,091 | 16,975 | 32,510 | 12,033 | -3,620 | 4,899 | -7,066 | -34,073 | 41,303 | 3,666 | -16 | 1 | -4,396 | 92 | -8,485 | 12,545 | -5,506 | 3,790 | 2,056 | - | ||
| 113,878 | 173,089 | 206,185 | 186,649 | 157,643 | 93,061 | 125,679 | 127,025 | 128,185 | 105,330 | 100,243 | 84,103 | 63,013 | 97,014 | 98,895 | 80,343 | 70,698 | 55,254 | 97,153 | 122,431 | ||
| 71.6% | 83.1% | 88.1% | 85.0% | 80.8% | 61.6% | 73.5% | 64.3% | 58.5% | 47.6% | 41.2% | 32.4% | 24.9% | 19.8% | 19.2% | 14.3% | 14.7% | 14.3% | 22.5% | 24.9% | ||
| 2.73 | 5.99 | 8.05 | 9.62 | 4.84 | 2.27 | 5.42 | 5.72 | 5.95 | 16.70 | 4.78 | 3.31 | 2.17 | 15.17 | 29.93 | 5.04 | 6.23 | 7.88 | 6.96 | 7.36 | ||
| 0.40 | 0.20 | 0.13 | 0.18 | 0.24 | 0.62 | 0.36 | 0.56 | 0.71 | 1.10 | 1.43 | 2.08 | 3.02 | 4.04 | 4.21 | 5.99 | 5.82 | 6.01 | 3.45 | 3.02 | ||
| -4.0% | 1.8% | 11.9% | 15.9% | 31.8% | 6.4% | 9.2% | -1.1% | 26.1% | -5.1% | 9.2% | 13.1% | 23.5% | 24.0% | 17.7% | 42.5% | -3.2% | -90.8% | 2.5% | 13.5% | ||
| -2.9% | 1.5% | 10.5% | 13.6% | 25.7% | 3.9% | 6.8% | -0.7% | 15.3% | -2.4% | 3.8% | 4.2% | 5.8% | 4.8% | 3.4% | 6.1% | -0.5% | -13.0% | 0.6% | 3.3% | ||
| 5.58 | 7.83 | 33.05 | 30.26 | 45.48 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,555 | €46,581 | €808 | €6,966 | €8,591 |
| €14,207 | €11,531 | €6,459 | €5,540 | €4,008 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on UPSTREAM
The operating result for 2025 is a loss of €5,995, after a profit of €7,295 in 2024. It is the lowest result since 2006.
Debt's share of the balance-sheet total rises from 16.9% to 28.4%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, last change in 2024Director (not named in the articles)
appointed by deed of 25-01-2024
term without a fixed end
earlier manager, until 25-01-2024
listed in the 2025 annual accounts, filed on 03-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 25-01-2024
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
-
- Director (not named in the articles), since before 31-12-2021
- Manager, until 25-01-2024
Control
100%
This company
UPSTREAM
Equity €168,641
Loss €6,794 in 2025
Capital
- Contribution
- €40,000
- Source
- 2025 annual accounts
Articles of association
deed of 25-01-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Indien maar één aandeelhouder meer telt kan deze geheel of deel vrij overdragen”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of May at 16:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…”
Capital transactions
Capital over time
- 25-01-2024 Converted to unavailable equity
- 25-01-2024 Converted to unavailable equity
Network & group
No group
UPSTREAM has no parent and no holdings in its annual accounts. is the only director.
The LEI register names no parent.
Connections & network
1 current directorThe network starts from the directors of UPSTREAM. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Timeline
48 events since 1990Board
Filings
Financial
Establishments
19901995200020052010201520202025
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 40 days before the deadline
Change of role: , from manager to directorPermanent representative: · General meeting of 22-01-20248 points ▸
- General meeting, 22-01-2024
- 750 shares, mentioned twice in the deed
- Director resignation, (manager), mentioned twice in the deed
- Director appointment, (director (not named in the articles)), mentioned twice in the deed
- Permanent representative, , mentioned twice in the deed
- Registered office clause, Jachthoornlaan 10, 2820 Bonheiden
- Power of attorney,
- Registered office clause, Jachthoornlaan 10
- The deed holds 8 more points.
2023
Equity above €200,000 equity €216,728 ▲13.6% After 5 profitable years in a row, equity reaches €216,728.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0440189166
Annual accounts 2022 filed PDFmicro format · 38 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 37 days before the deadline
2021
Highest result from 2006 to 2025 net €54,759 ▲631% The operating result of €79,066 and the net result of €54,759 are both a record.
Liquidity more than doubled current ratio 4.84 The current ratio rises from 2.27 to 4.84. Short-term debt falls from €73,238 to €41,038.
Annual accounts 2020 filed PDFmicro format · 32 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 39 days before the deadline
2019
Back to profit net €13,571 The net result is €13,571, after one loss-making year.
Annual accounts 2018 filed PDFmicro format · 35 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 11 days before the deadline
2017
Back to profit net €35,280 The net result is €35,280, after one loss-making year.
Annual accounts 2016 filed PDFabbreviated format · 39 days before the deadline
2016
Liquidity more than triples current ratio 16.70 The current ratio rises from 4.78 to 16.70. Short-term debt falls from €26,506 to €6,711.
Annual accounts 2015 filed PDFabbreviated format · 37 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 24 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 31 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 33 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 34 days before the deadline
2011
Liquidity more than 5 times current ratio 29.93 The current ratio rises from 5.04 to 29.93. Short-term debt falls from €19,871 to €3,418.
Annual accounts 2010 filed PDFabbreviated format · 31 days before the deadline
2010
Back to profit net €23,927 The net result is €23,927, after 2 loss-making years.
Annual accounts 2009 filed PDFabbreviated format · 33 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 27 days late
2008
Weakest financial year net -€58,401 The net result drops to -€58,401, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2007 filed PDFabbreviated format · 18 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 21 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed NBBabbreviated format
1997
Annual accounts 1996 filed NBBabbreviated format
1996
Annual accounts 1995 filed NBBabbreviated format
1995
Annual accounts 1994 filed NBBabbreviated format
1994
Annual accounts 1993 filed NBBabbreviated format
1993
Annual accounts 1992 filed NBBabbreviated format
1992
Annual accounts 1991 filed NBBabbreviated format
1990
First establishment UPSTREAM BVBA, Jachthoornlaan 10, Bonheiden
Incorporation published on 27-04-1990
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0440.189.166
- VAT number
- BE 0440.189.166
- Peppol ID
- 0208:0440189166
- Other Peppol ID
- 9925:BE0440189166
- LEI code
- 699400WOT2OZKA707Y68 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 04-04-1990
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of May at 16:00deed of 25-01-2024 (in Dutch)
- Peppol
- Reachable since 29-08-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- UPSTREAM in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 25-01-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 25-01-2024 (in Dutch)
Activities
NACEBEL 202559113
Video and film production, excluding cinema and television films main activity
73110
Advertising agencies
Codes under NACEBEL 2008
59113
Motion picture, video and television programme production, sound recording and music publishing activities main activity
59120
Post-production of films, video and television programmes
73110
Advertising, market research and public relations activities
74201
Photography, excluding press photography
Codes under NACEBEL 2003
92113
main activity
74401
74811
92114
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Publiciteitsonderneming; De productie en verdeling van films; Werkplaats voor fotografie; Onderneming voor geluidsopname; Synchronisatie…”deed of 25-01-2024 (in Dutch)
7 activities
- Publiciteitsonderneming
- De productie en verdeling van films
- Werkplaats voor fotografie
- Onderneming voor geluidsopname
- Synchronisatie
- Muzikale decors
- Montage en realisatie van magneetbanden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| UPSTREAM BVBA registered office Jachthoornlaan 10, 2820 Bonheiden 921 Gambling and betting activities | 11-06-1990 | 2.048.563.487 |
Buildings and parcels at the address
- Ground area
- 1,425 m²
- Buildings
- 214 m²
- Volume, LiDAR
- 1,269 m³
- Tallest building
- 17.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12031C0238/00N000 | 1,425 m² | 1 · 214 m² | 17.1 m · 2 |