Upcore
ActiveSummary
Upcore has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,023 and a net result of €30,972. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 1460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Computer consultancy and computer facilities management
NACE 62200IT consultancy NACE 62020
1 site
How big
€1.1mturnover 2025
- Staff
- 8.6 FTE
- Equity
- €106,023
- Profit
- €30,972
Who decides
- Parent
- District01 · 100%
Accounts 4 d early0 of 13 deeds read
Why 61+ Lower-failure-rate sector+ Lower-risk legal form+ Annual accounts: healthy financial profile+ Long track record+ Growing equityLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-3
Solvency56▼-44
Growth65▲+29
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 7.63 in 2024; short-term debt: 67% and cash: 3% of total assets), and 69.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.7%
Return on assets
9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €106,023
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
26 d late
2023
20 d early
2022
32 d late
2021
4 d late
2020
19 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Equity above €100,000Eq €106,023 ▲41.3%
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Turnover €1.1mProfit €30,972Solvency 30.7%Liquidity 1.46
Turnover
€1.1m▲ 122%
2018 - 2025
Net result
€30,972▲ 357%
2018 - 2025
Equity
€106,023▲ 41.3%
2018 - 2025
Staff (FTE)
8.6▲ 2,767%
2018 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.4m▲ 91.1%€0.5m▲ 13.7%€0.5m▲ 2.4%€1.1m
Operating result-€0.006m€0.02m€0.02m▼ 15.2%€0.009m▼ 53.1%€0.07m▲ 627%
Net result-€0.007mbelow the sector's middle half€0.02mwithin the sector's middle half€0.4mabove the sector's middle half▲ 2,092%€0.007mwithin the sector's middle half▼ 98.3%€0.03mwithin the sector's middle half▲ 357%
EBIT margin-1.4%▼ 6.8pp5.0%▲ 6.4pp4.1%▼ 0.9pp6.4%
Equity€0.2mwithin the sector's middle half▼ 3.0%€0.2mwithin the sector's middle half▲ 8.6%€0.07mwithin the sector's middle half▼ 70.6%€0.08mwithin the sector's middle half▲ 9.9%€0.1mwithin the sector's middle half▲ 41.3%
Total assets€0.3mwithin the sector's middle half▲ 6.4%€0.3mwithin the sector's middle half▲ 21.0%€0.8mwithin the sector's middle half▲ 140%€0.09mbelow the sector's middle half▼ 89.7%€0.3mwithin the sector's middle half▲ 300%
Debt€0.07m▲ 48.0%€0.1m▲ 56.5%€0.8m▲ 563%€0.01m▼ 98.5%€0.2m▲ 2,018%
Working capital€0.1mwithin the sector's middle half▼ 40.1%€0.06mwithin the sector's middle half▼ 42.4%€0.07mwithin the sector's middle half▲ 15.7%€0.08mwithin the sector's middle half▲ 9.9%€0.1mwithin the sector's middle half▲ 42.5%
Solvency74.3%above the sector's middle half▼ 7.2pp66.7%within the sector's middle half▼ 7.6pp8.2%below the sector's middle half▼ 58.6pp86.9%above the sector's middle half▲ 78.7pp30.7%within the sector's middle half▼ 56.2pp
Current ratio2.38within the sector's middle half▼ 2.041.51within the sector's middle half▼ 0.871.09within the sector's middle half▼ 0.427.63above the sector's middle half▲ 6.551.46within the sector's middle half▼ 6.17
Return on assets (ROA)-2.3%below the sector's middle half▼ 5.8pp5.3%within the sector's middle half▲ 7.6pp48.4%above the sector's middle half▲ 43.1pp7.8%within the sector's middle half▼ 40.6pp9.0%within the sector's middle half▲ 1.1pp
Staff (FTE)8.6within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 627% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €345,877
Fixed assets
€7,307
Current assets
€338,570
Equity and liabilities €345,877
Equity
€106,023 ▲ 41.3%
Provisions
€244
Debt
€239,610 ▲ 2,018%
Debt's share of the balance-sheet total rises from 13.1% to 69.3%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€69,996
Cash flow
€32,589
Debt to equity
2.26▲
2024 · 0.15
ROE
29.2%▲
2024 · 9.0%
Interest coverage
3.43
Debt ≤ 1 year
€231,591▲
2024 · €11,313
Income taxes
€17,004▲
2024 · €2,531
Staff costs
€521,206
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0.4m | €0.5m | €0.5m | - | €1.1m | - |
| Non-recurring operating income76A | - | - | - | €444 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0.4m | €0.5m | €0.5m | €0.01m | €0.5m | ▲ 4,975% |
| Remuneration, social security and pensions62 | €0.006m | €368 | - | - | €0.5m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €0.002m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €244 | - |
| Other operating charges640/8 | €0.001m | €0.001m | €0.001m | €0.001m | €0.004m | ▲ 303% |
| Non-recurring operating charges66A | - | €2 | - | - | - | - |
| Gross operating margin9900 | €0.001m | €0.02m | €0.02m | €0.01m | €0.6m | ▲ 5,665% |
| Operating profit (loss)9901 | -€0.006m | €0.02m | €0.02m | €0.009m | €0.07m | ▲ 627% |
| Financial income75/76B | €102 | €125 | €0.4m | €489 | €0 | ▼ 100.0% |
| Recurring financial income75 | €102 | €125 | €0.001m | €489 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | €0.4m | - | - | - |
| Financial charges65/66B | €0.001m | €0.001m | €206 | €0.001m | €0.02m | ▲ 3,310% |
| Recurring financial charges65 | €0.001m | €0.001m | €206 | €0.001m | €0.02m | ▲ 3,310% |
| Profit (loss) for the period before taxes9903 | -€0.007m | €0.02m | €0.4m | €0.009m | €0.05m | ▲ 416% |
| Income taxes67/77 | -€21 | €0.005m | €0.006m | €0.003m | €0.02m | ▲ 572% |
| Profit (loss) for the period9904 | -€0.007m | €0.02m | €0.4m | €0.007m | €0.03m | ▲ 357% |
| Profit (loss) for the period to be appropriated9905 | -€0.007m | €0.02m | €0.4m | €0.007m | €0.03m | ▲ 357% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €288,223 | €348,608 | €837,745 | €86,364 | €345,877 | ▲ 300% |
| Fixed assets21/28 | €111,603 | €173,600 | - | - | €7,307 | - |
| Tangible fixed assets22/27 | - | - | - | - | €7,307 | - |
| Plant, machinery and equipment23 | - | - | - | - | €7,307 | - |
| Financial fixed assets28 | €111,603 | €173,600 | - | - | - | - |
| Current assets29/58 | €176,620 | €175,008 | €837,745 | €86,364 | €338,570 | ▲ 292% |
| Amounts receivable within one year40/41 | €163,469 | €165,840 | €832,662 | €81,317 | €320,943 | ▲ 295% |
| Trade receivables40 | €103,223 | €108,158 | €107,986 | €20,055 | €318,943 | ▲ 1,490% |
| Other amounts receivable41 | €60,246 | €57,682 | €724,676 | €61,262 | €2,000 | ▼ 96.7% |
| Cash at bank and in hand54/58 | €10,002 | €4,997 | €5,031 | €5,047 | €10,476 | ▲ 108% |
| Deferred charges and accrued income490/1 | €3,149 | €4,171 | €52 | - | €7,151 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €288,223 | €348,608 | €837,745 | €86,364 | €345,877 | ▲ 300% |
| Equity10/15 | €214,098 | €232,609 | €68,281 | €75,051 | €106,023 | ▲ 41.3% |
| Contributions10/11 | €148,600 | €148,600 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €65,498 | €83,498 | €6,200 | €12,200 | €43,200 | ▲ 254% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €63,638 | €81,638 | - | €6,000 | €37,000 | ▲ 517% |
| Profit (loss) carried forward14 | - | €511 | €81 | €851 | €823 | ▼ 3.3% |
| Provisions and deferred taxes16 | - | - | - | - | €244 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €244 | - |
| Pensions and similar obligations160 | - | - | - | - | €244 | - |
| Amounts payable17/49 | €74,125 | €115,999 | €769,465 | €11,313 | €239,610 | ▲ 2,018% |
| Amounts payable within one year42/48 | €74,125 | €115,999 | €769,465 | €11,313 | €231,591 | ▲ 1,947% |
| Trade debts44 | €70,939 | €105,725 | €188,617 | €3,188 | €119,394 | ▲ 3,645% |
| Suppliers440/4 | €70,939 | €105,725 | €188,617 | €3,188 | €119,394 | ▲ 3,645% |
| Taxes, remuneration and social security45 | €2,742 | €9,831 | €10,304 | €8,126 | €112,197 | ▲ 1,281% |
| Taxes450/3 | €2,742 | €9,831 | €10,304 | €8,126 | €59,502 | ▲ 632% |
| Remuneration and social security454/9 | - | - | - | - | €52,695 | - |
| Other amounts payable47/48 | €444 | €444 | €570,544 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,019 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,680 | €18,511 | €405,772 | €6,770 | €30,972 | ▲ 357% |
| + Depreciation and write-downs630 | - | - | - | - | €1,617 | - |
| Operating cash flow (approximation) | -€6,680 | €18,511 | €405,772 | €6,770 | €32,589 | ▲ 381% |
| Investment in fixed assets (approximation) | - | -€61,997 | - | - | - | - |
| Change in cash | - | -€5,005 | €34 | €16 | €5,429 | ▲ 34,042% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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POP IT !
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Victor Baelus BI
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LUMITEC
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Of 30,028 companies in this sector we hold annual accounts for 18,402. 15,556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent District01 · 100%
Directors
Directors
No directors read yet: 0 of 13 Gazette acts processed. See the function holders in the CBE →
Structure & network
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
- District01parent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Upcore and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 13 Gazette acts processed.
Timeline
16 eventsLatest 27-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €100,000Eq €106,023 ▲41.3%
4 profitable years in a row build equity to €106,023.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Liquidity times 7current ratio 7.63
Current ratio from 1.09 to 7.63; short-term debt falls from €769,465 to €11,313.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €405,772 ▲2,092%
Net result €405,772, the highest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Back to profitnet €18,511
Net result €18,511 after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet -€6,680
Net result drops to -€6,680, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €9,414
Net result €9,414 after one loss-making year.
Show earlier events
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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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Company details
Public limited company · founded 20-02-2014Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded20-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546743468
Also
9925:BE0546743468
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2014
Ground area
5,994 m²
Building footprint
1,445 m²
Volume, LiDAR
11,472 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Upcore
since 2014unit no. 2.227.851.458
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
| 11024B0130/00Y000 | Flanders | 2,661 m² | 1 · 512 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Nuclys · 450 companies How does this company compare with its sector?Sector benchmark
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