Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 212 days after the legal deadline.
Financials
Financial year 2024
UPSTREAM SOLUTIONS from Damme, company number BE0885317119, closed financial year 2024 with a result of € -152,984 after tax. For that financial year UPSTREAM SOLUTIONS recorded a gross margin of € 119,021 and equity of € 220,731. Compared with financial year 2023, the result moved from € 505,023 to € -152,984. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 28, 2026.
€ 220,731
▼ 41% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -152,984
▼ still € 505,023 profit in 2023
Profit after tax over the fiscal year.
€ 113,251
▼ 46% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -257,793.
People and assets in 2024
€ 22,692
▼ 11% vs 2023
Of which on lease € 7,948.
Debts at end 2024
€ 2.6 million
▼ 6% vs 2023
€ 172,615 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 478,060
▲ 1% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 2,628
▼ 96% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 144,744 | € 343,579 | € 743,892 | € 119,021 | ▼ 84% |
| Profit after taxes | € -158,778 | € 51,205 | € 505,023 | € -152,984 | ▼ € 658,007 |
| Equity | € -182,513 | € -131,308 | € 373,715 | € 220,731 | ▼ 41% |
| Total debts | € 4,406,663 | € 4,304,628 | € 3,453,854 | € 3,449,146 | |
| Cash | € 191,553 | € 41,503 | € 209,969 | € 113,251 | ▼ 46% |
| Land & buildings | € 4,171,003 | € 4,227,170 | € 3,502,917 | € 3,403,326 | ▼ 3% |
| Retained profit | € -770,913 | € -719,708 | € -130,317 | € -257,793 | ▼ € 127,476 |
| Bank debt | € 4,129,609 | € 4,080,349 | € 2,724,969 | € 2,557,264 | ▼ 6% |
| Balance sheet total | € 5,131,160 | € 5,086,190 | € 4,745,998 | € 4,593,433 | ▼ 3% |
Key figures of UPSTREAM SOLUTIONS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to UPSTREAM SOLUTIONS?
What happened at UPSTREAM SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 152,984 (▼ € 658,007 vs 2023). filed late Source: NBB ↗
- New establishment in Damme. KBO
- Start of the company according to the CBE. KBO
In short
From € 158,778 loss in 2021 to € 152,984 loss in 2024.
Paid € 6,962 in corporate taxes since 2021.
Best year ever: 2023, with € 505,023 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 UPSTREAM SOLUTIONS is Frank Lehouck. It owns 50% of Maca itself.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Legeweg 12
8340 Damme
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
- 0885.317.119
- VAT number
- BE 0885.317.119
- Registered office
- Legeweg 12, 8340 Damme
- Names & denominations
- UPSTREAM SOLUTIONS · UPSOL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 2006
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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