Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Upstairs from Mortsel, company number BE0439004281, closed financial year 2025 with a result of € -1,609 after tax. For that financial year Upstairs recorded a gross margin of € 38,877 and equity of € 212,150. Compared with financial year 2024, the result moved from € -1,107 to € -1,609. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 212,150
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,609
▼ 45 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,108
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 193,550.
People and assets in 2025
€ 1,079
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 288,286
▼ 4% vs 2024
€ 11,557 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 2,076
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 606
▼ 43% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 42,573 | € 31,779 | € 39,752 | € 38,877 | ▼ 2% |
| Profit after taxes | € 170 | € -8,969 | € -1,107 | € -1,609 | ▼ € 501 |
| Equity | € 223,835 | € 214,866 | € 213,759 | € 212,150 | ▼ 1% |
| Total debts | € 350,122 | € 340,205 | € 329,776 | € 301,264 | ▼ 9% |
| Cash | € 3,793 | € 6,434 | € 16,879 | € 4,108 | ▼ 76% |
| Land & buildings | € 611,227 | € 587,995 | € 564,763 | € 542,541 | ▼ 4% |
| Retained profit | € 205,235 | € 194,406 | € 193,299 | € 193,550 | |
| Bank debt | € 320,000 | € 310,759 | € 299,335 | € 288,286 | ▼ 4% |
| Balance sheet total | € 616,917 | € 595,987 | € 582,404 | € 550,238 | ▼ 6% |
Key figures of Upstairs, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Upstairs?
What happened at Upstairs in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,609. Source: NBB ↗
- ELKE BERNAERTS became a director. NBB
- New establishment in Edegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 170 profit in 2022 to € 1,609 loss in 2025.
Paid € 4,232 in corporate taxes since 2022.
Best year ever: 2022, with € 170 profit.
Management
Behind Upstairs is ELKE BERNAERTS. ELKE BERNAERTS is also behind AQUOS.
Directors
According to the 2025 annual accounts
since 2011
Establishments
Establishment units
Physical locations of this company
Kapellelei 12
2640 Mortsel
Mechelsesteenweg 340
2650 Edegem
Active since 15 December 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.004.281
- VAT number
- BE 0439.004.281
- Registered office
- Kapellelei 12, 2640 Mortsel
- Names & denominations
- Upstairs
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1989
- Peppol
- Active · Active since 5 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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