UPSTREAM
ActiveThe computed 12-month bankruptcy probability of UPSTREAM is 1.5% (moderate). The 2024 annual accounts show equity of €72k and a net result of €-21k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 8967 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-41
Solvency80=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 2.2 against 2.21 in 2023; short-term debt: 45.5% and cash: 7.2% of total assets), and 45.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
54.5%
Return on assets
-16.4%
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 23-07-2025, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
62 d late
2022
39 d early
2021
207 d late
2020
90 d late
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€72k▼ 23.1%
2023 · €93k
2019: €20k
2020: €47k
2021: €70k
2022: €78k
2023: €93k
2019 → 2024
Total assets
€131k▼ 22.8%
2023 · €170k
2019: €111k
2020: €163k
2021: €169k
2022: €144k
2023: €170k
2019 → 2024
Net result
€-21k
2023 · €2k
2019: €45k
2020: €28k
2021: €23k
2022: €8k
2023: €2k
2019 → 2024
Working capital
€72k▼ 23.1%
2023 · €93k
2019: €49k
2020: €83k
2021: €120k
2022: €115k
2023: €93k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€47k-€70k▲ 48.7%€78k▲ 11.2%€93k▲ 18.9%€72k▼ 23.1%
Operating result€42k-€34k▼ 17.4%€15k▼ 55.6%€5k▼ 68.6%€-19k
Net result€28k-€23k▼ 16.2%€8k▼ 66.0%€2k▼ 69.9%€-21k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €19k after €5k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €131k
Equity
€72k▼ 23.1%
Debt
€60k▼ 22.5%
The debt ratio rises from 45.3% to 45.5%. Equity and debt are lower.
Key figures and ratios
Solvency
54.5%▼
2023 · 54.7%
Current ratio
2.20▼
2023 · 2.21
Quick ratio
2.20▼
2023 · 2.21
Debt / equity
0.83▲
2023 · 0.83
ROE
-30.0%▼
2023 · 2.5%
ROA
-16.4%▼
2023 · 1.4%
Debt
€60k▼
2023 · €77k
Debt ≤ 1 year
€60k▼
2023 · €77k
Income taxes
€0▼
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€170k€131k▼
Current assets29/58€170k€131k▼
Amounts receivable within one year40/41€117k€122k▲
Trade receivables40€6k€12k▲
Other amounts receivable41€112k€110k▼
Cash at bank and in hand54/58€29k€9k▼
Deferred charges and accrued income490/1€24k€0▼
Equity and liabilities
Total equity and liabilities10/49€170k€131k▼
Equity10/15€93k€72k▼
Contributions10/11€19k€19k=
Reserves13€74k€53k▼
Non-distributable reserves130/1€682€682=
Reserves not available under the articles1311€682€682=
Distributable reserves133€74k€52k▼
Amounts payable17/49€77k€60k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€77k€60k▼
Trade debts44€25k€10k▼
Suppliers440/4€25k€10k▼
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€15k€17k▲
Other amounts payable47/48€36k€33k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Other operating charges640/8€510€631▲
Non-recurring operating charges66A€0-
Gross operating margin9900€5k€-18k▼
Operating profit (loss)9901€5k€-19k▼
Financial income75/76B€5€6▲
Recurring financial income75€5€6▲
Financial charges65/66B€825€2k▲
Recurring financial charges65€825€2k▲
Profit (loss) for the period before taxes9903€4k€-21k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€2k€-21k▼
Profit (loss) for the period to be appropriated9905€2k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-21k▼
Transfer from equity791/2-€21k
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-21k ▼1009%
Net result drops to €-21k, the lowest in the series.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 207 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated 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, Hasselt · 1 establishment unit since 2018
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.
Kiezelstraat 563500 HasseltGround area
966 m²
Building footprint
234 m²
Volume, LiDAR
1,327 m³
Parcel 71323C0998/00L000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
UPSTREAM
since 20182.280.223.738
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0998/00L000 | Flanders | 966 m² | 1 · 234 m² | 9.5 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 7,230 EUR awarded · 7,230 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 7,230 EUR | 7,230 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,900. 5,593 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-10-2018
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.