Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
UPSTATE from Verviers, company number BE0729811469, closed financial year 2025 with a result of € 11,209 after tax. For that financial year UPSTATE recorded a gross margin of € 105,143 and equity of € -100,773. Compared with financial year 2024, the result moved from € -39,586 to € 11,209. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -100,773
▲ € 11,209 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,209
▲ still € 39,586 loss in 2024
Profit after tax over the fiscal year.
€ 31,434
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -116,773.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 74,980
▲ 6% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,214
▲ € 11,828 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4,873
▲ 85% vs 2024
Loans from banks and other lenders, long and short.
€ 46,415
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,285
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -25,232 | € 56,655 | € 50,345 | € 105,143 | ▲ 109% |
| Profit after taxes | € -48,348 | € -3,263 | € -39,586 | € 11,209 | ▲ € 50,795 |
| Equity | € -69,133 | € -72,397 | € -111,983 | € -100,773 | ▲ € 11,209 |
| Total debts | € 126,841 | € 215,912 | € 227,272 | € 243,564 | ▲ 7% |
| Cash | € 7,925 | € 2,965 | € 26,088 | € 31,434 | ▲ 20% |
| Retained profit | € -85,133 | € -88,397 | € -127,983 | € -116,773 | ▲ € 11,209 |
| Bank debt | € 12,867 | € 7,811 | € 2,634 | € 4,873 | ▲ 85% |
| Balance sheet total | € 57,707 | € 143,515 | € 115,289 | € 142,791 | ▲ 24% |
Key figures of UPSTATE, 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 UPSTATE?
What happened at UPSTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,209. Source: NBB ↗
- New establishment in Liège. KBO
- New establishment in Verviers. KBO
- Guillaume HARDY became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 48,348 loss in 2022 to € 11,209 profit in 2025.
Paid € 817 in corporate taxes since 2022.
Best year ever: 2025, with € 11,209 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind UPSTATE is Guillaume HARDY. Guillaume HARDY is also behind OGH.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Avenue du Chêne 134 box A
4802 Verviers
Rue Forgeur 6 box 8
4000 Liège
Active since 1 June 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0729.811.469
- VAT number
- BE 0729.811.469
- Registered office
- Avenue du Chêne 134 bus A, 4802 Verviers
- Names & denominations
- UPSTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2019
- Peppol
- Active · Active since 16 Oct 2025
- Contact
- [email protected] +3287353591
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van syndici van onroerend goed
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Diverse administratieve activiteiten ten behoeve van kantoren
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