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UPSTREAM

Active
Private limited company (pre-2019)founded 2018active for 8 yearsKiezelstraat 56, 3500 Hasselt, BelgiumKBO/BCE: BE 0707.698.835
Summary

UPSTREAM has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,498 and a net result of -€6,095. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 52% of 8,584 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Official details

Source: KBO
Status
Active since 03-10-2018 Normal situation
Activity
Public relations and communication consultancy NACE 73300and 1 other
Establishment unit
2.280.223.738 3500 Hasselt, since 03-10-2018
Financial year end
31 December
Peppol
Reachable since 28-11-2025

Board and ownership

Board
  • De Moortel KoenDirector

Financial position

64 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Annual accounts 2025
Gross margin
-€4,803
▲ 73.9%
Loss
€6,095
▼ 71.6%
Equity
€65,498
▼ 8.5%
Total assets
€118,230
▼ 9.9%
  • 2025 accounts filed 82 days after the deadline
Turnover not published (abbreviated or micro format)
Score breakdownraises riskLast filed accounts filed 82 days late; 2 of the last 3 accounts lateSize: total assets €118,230lowers riskSector: Advertising, market research and public relations activities (NACE 73)Equity €65,498 (55.4% of total assets)Show the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 32% of micro companies in advertising and market research (NACE 73)
Financial strength · tick: 2024
Average
Solvency 80=
equity 55.4% of total assets
Liquidity 37=
short-term debt 44.6% · cash 6.5%
Profitability 25+25
return on assets -5.2%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,227 companies, NACE 73, micro)
Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.7%▼ -0.1 percentage points vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025lowest value 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.2 percentage points vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 1.0%▲ +0.1 percentage points vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.5%▲ +0.5 percentage points vs 07-2026 09-2026: 1.9%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 1.3%▼ -0.6 percentage points vs 09-2026 11-2026: 1.3%● unchanged vs 10-2026
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.24 (2.2 in 2024), above the usual 1.5. Short-term debt is 44.6% and cash 6.5% of total assets. 44.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 54% of them on solvency, 21% on liquidity, 21% on profitability and 32% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 82 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
raises risk · Size: total assets €118,230
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €65,498 (55.4% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€6,095
raises risk · 2025 accounts filed 82 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-10-2026, 82 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filings
Deviation from the deadline
2025
82 days late
2024
8 days early
2023
62 days late
2022
39 days early
2021
207 days late
2020
90 days late
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 55 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 October (4 of the last 5 accounts filed within 102 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 82% of companies in advertising and market researchsector median €14,905 · 8,585 companies -€6,095 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€6,095 View

Recent changes

  1. · Gazette deed Incorporation
All 9 events

Comparable companies

These companies have the same main activity as UPSTREAM: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €95,900 and €141,000, founded between 2018 and 2019.

CompanyTotal assetsGross margin
UPSTREAM Hasselt€118,230-€4,803
STOOM Bilzen-Hoeselt€95,854-€13,840
Terra Firma Associates Elsene€117,817-€36,222
AIUS Nazareth-De Pinte€111,928-€25,062
COPILCO Nazareth-De Pinte€102,440-€22,135
CVANHOOF Mol€109,136-€3,389
ELLAN INVEST Neupré€140,507-€7,473
Full comparison

Key facts about UPSTREAM

What is the company number of UPSTREAM?
The company number of UPSTREAM is 0707.698.835. The VAT number is the same number with BE in front: BE 0707.698.835.
Where is UPSTREAM based?
The registered office is at Kiezelstraat 56, 3500 Hasselt.Company details
What does UPSTREAM do?
According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
What is the legal form of UPSTREAM?
The legal form of UPSTREAM is Private limited company (pre-2019) (BVBA).
When was UPSTREAM founded?
UPSTREAM was founded on 03-10-2018.
Is UPSTREAM still active?
Yes, UPSTREAM is an active enterprise in the KBO register.
How many employees does UPSTREAM have?
UPSTREAM had an average of 0.4 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of UPSTREAM?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
Is UPSTREAM profitable?
In financial year 2025, UPSTREAM made a loss of €6,095.
Where can I find the annual accounts of UPSTREAM?
UPSTREAM filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of UPSTREAM due?
UPSTREAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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