WE ARE UP
ActiveSummary
The computed 12-month bankruptcy probability of WE ARE UP is 11.2% (high). The 2024 annual accounts show negative equity (€-221k) and a net result of €-81k. Equity is shrinking by ~78.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 397 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
11.2%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.21 in 2023; short-term debt: 195.6% and cash: 8.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-95.6%
Return on assets
-35.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-221k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
59 d late
2021
121 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-221k▼ 58.2%
2023 · €-139k
2021: €7khighest in 4 years
2022: €-60k▼ -992% vs 2021
2023: €-139k▼ -134% vs 2022
2024: €-221k▼ -58.2% vs 2023lowest in 4 years
2021 → 2024
Total assets
€231k▼ 0.3%
2023 · €231k
2021: €18klowest in 4 years
2022: €185k▲ +946% vs 2021
2023: €231k▲ +24.8% vs 2022highest in 4 years
2024: €231k▼ -0.3% vs 2023
2021 → 2024
Net result
€-81k▼ 1.7%
2023 · €-80k
2021: €4khighest in 4 years
2022: €-66k▼ -1897% vs 2021
2023: €-80k▼ -20.2% vs 2022
2024: €-81k▼ -1.7% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-371k▼ 26.8%
2023 · €-293k
2021: €7khighest in 4 years
2022: €-183k▼ -2837% vs 2021
2023: €-293k▼ -59.7% vs 2022
2024: €-371k▼ -26.8% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€7k-€-60k€-139k▼ 134%€-221k▼ 58.2%
2021: €7khighest in 4 years
2022: €-60k▼ -992% vs 2021
2023: €-139k▼ -134% vs 2022
2024: €-221k▼ -58.2% vs 2023lowest in 4 years
Operating result€5k-€-62k€-66k▼ 6.8%€-55k▲ 16.1%
2021: €5khighest in 4 years
2022: €-62k▼ -1376% vs 2021
2023: €-66k▼ -6.8% vs 2022lowest in 4 years
2024: €-55k▲ +16.1% vs 2023
Net result€4k-€-66k€-80k▼ 20.2%€-81k▼ 1.7%
2021: €4khighest in 4 years
2022: €-66k▼ -1897% vs 2021
2023: €-80k▼ -20.2% vs 2022
2024: €-81k▼ -1.7% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €55k in 2024 against €66k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231k
Fixed assets
€151k ▼ 1.7%
Current assets
€80k ▲ 2.4%
Key figures and ratios
EBITDA
€-22k▲
2023 · €-39k
Cash flow
€-48k▲
2023 · €-53k
Solvency
-95.6%▼
2023 · -60.3%
Current ratio
0.18▼
2023 · 0.21
Quick ratio
0.11▼
2023 · 0.13
Debt to equity
-2.05▲
2023 · -2.66
ROA
-35.2%▼
2023 · -34.5%
Interest coverage
-0.86▲
2023 · -2.84
Debt
€451k▲
2023 · €371k
Debt ≤ 1 year
€451k▲
2023 · €371k
Income taxes
€263
Staff costs
€500k▼
2023 · €556k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€231k€231k▼
Fixed assets21/28€153k€151k▼
Tangible fixed assets22/27€153k€151k▼
Land and buildings22€64k€58k▼
Plant, machinery and equipment23€73k€60k▼
Furniture and vehicles24€16k€22k▲
Other tangible fixed assets26-€11k
Current assets29/58€78k€80k▲
Stocks and contracts in progress3€30k€31k▲
Stocks30/36€30k€31k▲
Amounts receivable within one year40/41€22k€28k▲
Trade receivables40€11k€11k▼
Other amounts receivable41€10k€17k▲
Current investments50/53€0-
Cash at bank and in hand54/58€27k€19k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€231k€231k▼
Equity10/15€-139k€-221k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-142k€-224k▼
Amounts payable17/49€371k€451k▲
Amounts payable within one year42/48€371k€451k▲
Financial debts43€149€400▲
Credit institutions430/8€149€400▲
Trade debts44€266k€67k▼
Suppliers440/4€266k€67k▼
Taxes, remuneration and social security45€72k€341k▲
Taxes450/3€33k€165k▲
Remuneration and social security454/9€39k€175k▲
Other amounts payable47/48€33k€44k▲
Income statement
Code20232024
Remuneration, social security and pensions62€556k€500k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€33k▲
Other operating charges640/8€17k€19k▲
Non-recurring operating charges66A€168€1k▲
Gross operating margin9900€534k€498k▼
Operating profit (loss)9901€-66k€-55k▲
Financial income75/76B€110€23▼
Recurring financial income75€110€23▼
Financial charges65/66B€14k€25k▲
Recurring financial charges65€14k€25k▲
Profit (loss) for the period before taxes9903€-80k€-81k▼
Income taxes67/77-€263
Profit (loss) for the period9904€-80k€-81k▼
Profit (loss) for the period to be appropriated9905€-80k€-81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-142k€-224k▼
Profit (loss) brought forward from the previous period14P€-63k€-142k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1k | €258k | €556k | €500k | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3k | €27k | €33k | ▲ 26.1% |
| Other operating charges640/8 | €505 | €6k | €17k | €19k | ▲ 9.3% |
| Non-recurring operating charges66A | - | - | €168 | €1k | ▲ 702% |
| Gross operating margin9900 | €7k | €205k | €534k | €498k | ▼ 6.8% |
| Operating profit (loss)9901 | €5k | €-62k | €-66k | €-55k | ▲ 16.1% |
| Financial income75/76B | - | €56 | €110 | €23 | ▼ 79.3% |
| Recurring financial income75 | - | €56 | €110 | €23 | ▼ 79.3% |
| Financial charges65/66B | €8 | €5k | €14k | €25k | ▲ 83.2% |
| Recurring financial charges65 | €8 | €5k | €14k | €25k | ▲ 83.2% |
| Profit (loss) for the period before taxes9903 | €5k | €-66k | €-80k | €-81k | ▼ 1.3% |
| Income taxes67/77 | €1k | - | - | €263 | - |
| Profit (loss) for the period9904 | €4k | €-66k | €-80k | €-81k | ▼ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-66k | €-80k | €-81k | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €18k | €185k | €231k | €231k | ▼ 0.3% |
| Fixed assets21/28 | - | €124k | €153k | €151k | ▼ 1.7% |
| Tangible fixed assets22/27 | - | €124k | €153k | €151k | ▼ 1.7% |
| Land and buildings22 | - | €60k | €64k | €58k | ▼ 9.7% |
| Plant, machinery and equipment23 | - | €64k | €73k | €60k | ▼ 18.9% |
| Furniture and vehicles24 | - | - | €16k | €22k | ▲ 41.2% |
| Other tangible fixed assets26 | - | - | - | €11k | - |
| Current assets29/58 | €18k | €62k | €78k | €80k | ▲ 2.4% |
| Stocks and contracts in progress3 | - | €4k | €30k | €31k | ▲ 2.6% |
| Stocks30/36 | - | €4k | €30k | €31k | ▲ 2.6% |
| Amounts receivable within one year40/41 | €15k | €42k | €22k | €28k | ▲ 29.6% |
| Trade receivables40 | €14k | €14k | €11k | €11k | ▼ 0.5% |
| Other amounts receivable41 | €566 | €28k | €10k | €17k | ▲ 63.5% |
| Current investments50/53 | - | - | €0 | - | - |
| Cash at bank and in hand54/58 | €3k | €16k | €27k | €19k | ▼ 29.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €18k | €185k | €231k | €231k | ▼ 0.3% |
| Equity10/15 | €7k | €-60k | €-139k | €-221k | ▼ 58.2% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €4k | €-63k | €-142k | €-224k | ▼ 56.9% |
| Amounts payable17/49 | €11k | €245k | €371k | €451k | ▲ 21.7% |
| Amounts payable within one year42/48 | €11k | €245k | €371k | €451k | ▲ 21.7% |
| Financial debts43 | - | - | €149 | €400 | ▲ 169% |
| Credit institutions430/8 | - | - | €149 | €400 | ▲ 169% |
| Trade debts44 | €1k | €200k | €266k | €67k | ▼ 74.9% |
| Suppliers440/4 | €1k | €200k | €266k | €67k | ▼ 74.9% |
| Taxes, remuneration and social security45 | €9k | €43k | €72k | €341k | ▲ 370% |
| Taxes450/3 | €6k | €26k | €33k | €165k | ▲ 401% |
| Remuneration and social security454/9 | €4k | €18k | €39k | €175k | ▲ 345% |
| Other amounts payable47/48 | €586 | €1k | €33k | €44k | ▲ 33.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-66k | €-80k | €-81k | ▼ 1.7% |
| + Depreciation and write-downs630 | - | €3k | €27k | €33k | ▲ 26.1% |
| Operating cash flow (approximation) | €4k | €-64k | €-53k | €-48k | ▲ 10.5% |
| Investment in fixed assets (approximation) | - | - | €-56k | €-31k | ▲ 45.0% |
| Change in cash | - | €13k | €11k | €-8k | ▼ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 2021
Ground area
382 m²
Building footprint
153 m²
Volume, LiDAR
1,656 m³
Parcel 21362B0278/00P008, Brussels · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Sint-Michielslaan 17, 1040 Etterbeek
since 20212.323.442.978
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0278/00P008 | Brussels | 382 m² | 1 · 153 m² | 17.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtterbeek2.323.442.978
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Of 2,164 companies in sector 61200 we hold annual accounts for 695. 230 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
61200Telecommunications resale and intermediation services
56301Cafés and bars
62900Other information technology and computer services
73300Public relations and communication consultancy
74120Graphic design and visual communication
74991Agents and managers of artists, athletes and other public figures
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.