UPEO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of UPEO is 0.8% (low). The 2025 annual accounts show equity of €148k and a net result of €43k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 2749 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	27-10-2025	4 d early	2025-00552817
31-03-2024	31-10-2024	19-09-2024	42 d early	2024-00466575
31-03-2023	31-10-2023	22-08-2023	70 d early	2023-00346878
31-03-2022	31-10-2022	02-11-2022	2 d late	2022-20483602

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€43k

Working capital€-31k+31.1%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-10-2025 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~14.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	20.6%	62.2%	better than 25% of 2749 sector peers
Net result	€43k	€40k	better than 53% of 2751 sector peers
Equity	€148k	€62k	better than 81% of 2750 sector peers
Gross operating margin	€503k	€63k	better than 95% of 2751 sector peers
Staff costs	€388k	€17k	higher than 95% of 362 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P25

Weakening position over 2022-2025 · n=2749-7336

Net result P53

Improving position over 2022-2025 · n=2751-7333

Equity P81

Stable position over 2022-2025 · n=2750-7338

Gross operating margin P95

Improving position over 2022-2025 · n=2751-7327

Describes the position versus peers, not a forecast.

EBITDA

€109k

+971.3% 22-25

Net profit

€43k

- 22-25

Cash flow

€64k

- 22-25

Total assets

€720k

-8.7% 22-25

Equity

€148k

+13.8% 22-25

Working capital

€-31k

+31.1% 22-25

Employees (FTE)

6

+3.7% 22-25

Staff costs

€388k

+7.9% 22-25

Income taxes

€25k

+1067.9% 22-25

Dividends

€23k

-73.4% 22-25

Debt

€572k

-13.2% 22-25

Debt ≤ 1y

€196k

-24.6% 22-25

Debt > 1y

€376k

-5.7% 22-25

Current ratio

0.84

+1.8% 22-25

Quick ratio

0.84

+1.8% 22-25

Solvency

20.6%

+24.7% 22-25

Debt / equity

3.86

-23.7% 22-25

ROE

28.8%

- 22-25

ROA

5.9%

- 22-25

Interest coverage

4.89

+657.3% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€109k
Net profit	€43k
Cash flow	€64k
Staff costs	€388k
Income taxes	€25k
Dividends	€23k
Total assets	€720k
Equity	€148k
Debt	€572k
of which ≤ 1y	€196k
of which > 1y	€376k
Working capital	€-31k
Employees (FTE)	5.6

Ratios (computed)

	2025
Current ratio	0.84
Quick ratio	0.84
Working capital ratio	-4.3%
Solvency	20.6%
Debt / equity	3.86
Long-term debt ratio	2.54
Interest coverage	4.89
Gross margin	-
Net margin	-
ROA	5.9%
ROE	28.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €555k · 77.1% Current assets €165k · 22.9%

Equity & liabilities

Equity €148k · 20.6% Debt €572k · 79.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€720k
Fixed assets	21/28	€555k
Tangible fixed assets	22/27	€555k
Financial fixed assets	28	€185
Current assets	29/58	€165k
Amounts receivable within one year	40/41	€107k
Cash & bank	54/58	€24k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€720k
Equity	10/15	€148k
Contributions / capital	10/11	€100k
Accumulated profits (losses)	14	€646
Amounts payable	17/49	€572k
Amounts payable after one year	17	€376k
Amounts payable within one year	42/48	€196k
Trade debts payable within one year	44	€66k
Income statement
Gross operating margin	9900	€503k
Operating result	9901	€88k
Financial income	75	€2k
Financial charges	65	€22k
Result before taxes	9903	€68k
Income taxes	67/77	€25k
Net result for the period	9904	€43k
Result to be appropriated	9905	€43k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

56 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Ninoofsesteenweg 1351080 Sint-Jans-Molenbeek

Establishment units

1 location

Ninoofsesteenweg 135, 1080 Sint-Jans-Molenbeek

Computerconsultancy-activiteiten

since 20212.322.443.383

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area154 m²

Buildings1

Building footprint150 m²

Volume (LiDAR)1,479 m³

Tallest building16.5 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21523B0937/00D070	Brussels	154 m²	1 · 150 m²	16.5 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

27-10-2023

Registered-office move

All acts · 1 updated 2 years ago

2023

27-10-2023 Registered office moved from Anderlecht to Molenbeek-Saint-Jean Registered-office change·Katrien Van Kriekinge

Quai Fernand Demets 23 : 1070 Anderlecht → Chaussée de Ninove 135, 1080 Molenbeek-Saint-Jean

Notary: Katrien Van Kriekinge · Beersel

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

70 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 56

Profitability 100

Solvency 23

Growth 78

Stability 94

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