Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
UP-nxt from Gent, company number BE0842217841, closed financial year 2025 with a result of € -19.3 million after tax. For that financial year UP-nxt recorded revenue of € 13.3 million and equity of € -48.4 million. Compared with financial year 2021, the result moved from € -2.4 million to € -19.3 million. The company made a loss. 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 June 11, 2026.
€ -48.4 million
▼ € 40.9 million vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19.3 million
▼ 712 % more loss than in 2021
Profit after tax over the fiscal year.
€ 5,235
▼ 83% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -64 million.
People and assets in 2025
35.2
▼ 56.3 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 3.4 million
▼ 52% vs 2021
€ 97,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 320,124
▼ 49% vs 2021
Loans from banks and other lenders, long and short.
€ 12.8 million
▲ 259% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 178 days on average.
€ 1.2 million
▼ 54% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2025 | Change 2021 → 2025 | |
|---|---|---|---|
| Revenue | - | € 13,280,759 | |
| Gross margin | € 6,251,306 | - | |
| Profit after taxes | € -2,379,233 | € -19,322,154 | ▼ € 16.9 million |
| Equity | € -7,533,560 | € -48,429,455 | ▼ € 40.9 million |
| Total debts | € 20,019,940 | € 89,007,910 | ▲ € 69 million |
| Cash | € 31,478 | € 5,235 | ▼ 83% |
| Retained profit | € -8,900,560 | € -64,038,275 | ▼ € 55.1 million |
| Bank debt | € 629,774 | € 320,124 | ▼ 49% |
| Balance sheet total | € 12,486,380 | € 40,578,455 | ▲ 225% |
| Employees (FTE) | 91.5 | 35.2 | ▼ 56.3 |
Key figures of UP-nxt, fiscal years 2021 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 UP-nxt?
What happened at UP-nxt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Banqup Group NV stepped down as director. NBB
- Beco Global Consulting LLC stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 19.3 million. Source: NBB ↗
- Banqup Group NV became a director. NBB
- Beco Global Consulting LLC became a director. NBB
- New establishment in La Hulpe. KBO
- New establishment in Kontich. KBO
- New establishment in Gent. KBO
In short
From € 2.4 million loss in 2021 to € 19.3 million loss in 2025.
Paid € 42,661 in corporate taxes since 2021.
On average € 68,300 of value added per employee in 2021.
Pays suppliers within 178 days on average.
Management
The shares are held by Banqup Group (64.8%) and Banqup Solutions SA (35.2%).
Directors
According to the 2025 annual accounts
Director · represented by Koen De Brabander
Owns 35.2% via Banqup Solutions SA
Also active at: DRUKKERIJ LELEU, Banqup Solutions, Leleu Document Services
since 2025 · until 2031
Beco Global Consulting LLC
Director · represented by Nicolas de Beco
Also active at: Banqup Solutions
since 2025 · until 2031
Shareholders
64.8%
Banqup Solutions SA · holding of Banqup Group NV
35.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1146
9051 Gent
Prins Boudewijnlaan 7 gebouw B box 101
2550 Kontich
Active since 1 January 2020
Avenue Reine Astrid 92A
1310 La Hulpe
Active since 1 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0842.217.841
- VAT number
- BE 0842.217.841
- Registered office
- Kortrijksesteenweg 1146, 9051 Gent
- Names & denominations
- UP-nxt
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2011
- Peppol
- Active · Active since 28 Jan 2026
- Activities · NACE
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