ACTIVE

UPGRADE ESTATE GROUP

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Financial year 2026 · Closed on 31/03/2026

Net result4,3 M €+221,8 %over 1 year
Gross margin2,7 M €-10,8 %over 1 year
Equity54,7 M €+8,5 %over 1 year
Workforce41,0 ETP+6,5 %over 1 year

Identity

Source · BCE/KBO

UPGRADE ESTATE GROUP is a Private limited company incorporated in 1955. Its main activity is: Buying and selling of own real estate. Its registered office is in Gent. It employs on average 41,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0400.927.922
Incorporation
29/09/1955
Legal form
Private limited company
Registered office
Amelia Earhartlaan 2 box 201
9051 Gent · FlandreSee on map
Contributed capital
24 327 537,51 €
Latest accounts
31/03/2026
Average workforce
41,0 ETP
Joint committees (3)
  • 323
  • 3230
  • 32300
Signals
ProfitableSolid equityLow riskPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20262025202420232022
Income statement
Gross margin2,7 M €3 M €2,2 M €2,2 M €2 M €
EBITDA-233,9 k €371,4 k €-127,2 k €243,4 k €245,6 k €
Operating result-753,9 k €-69,4 k €-209,7 k €156,4 k €149,4 k €
Net result4,3 M €1,3 M €4,8 M €83,9 k €72,8 k €
Balance sheet
Equity54,7 M €50,4 M €49,1 M €863,1 k €1,4 M €
Total assets131,1 M €96,6 M €66,1 M €4,2 M €4 M €
Cash2,2 M €385,5 k €651,5 k €1,2 M €182 k €
Debts74,9 M €44 M €15,8 M €2,4 M €1,7 M €
Other
Workforce41,0 ETP38,5 ETP33,8 ETP33,1 ETP32,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

6 active · 4 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Hilde Cloostermans-Huwaert
Director07/09/2025 → 07/09/2027
Koenraad Belsack
Managing directorsince 31/10/2023Director01/07/2011 → 2019 accountsendedManager01/07/2011 → 2011 accountsended
KOSSAAT0438.774.946Represented by Jan De Bondt
Directorsince 31/10/2023
Kurt Verweire0893.151.254Represented by Kurt VERWEIRE
Directorsince 31/10/2023
Nele Van Damme
Managing directorsince 31/10/2023Manager2010 accountsended
tweak it0677.600.725Represented by Wim WUYTS
Directorsince 31/10/2023

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Diederik Van Neste
Director10/03/2021 → 31/10/2023
UPGRADE ESTATE GROUP0666.960.023Represented by Nele Van Damme
Director29/06/2020 → 2022 accounts

Other companies at this address

Amelia Earhartlaan 2 9051 Gent
CompanyCBE no.
100● Active
0743.478.472
101● Active
0743.479.561
102● Active
0743.480.353
10 Upkot● Active
0423.791.614
85● Active
0819.492.820
93● Active
0711.912.197
94● Active
0724.877.238
97● Active
0737.858.214
98● Active
0737.863.657
99● Active
0743.475.207
Andreas BidCo● Active
1016.654.327
ARE P0108● Active
0793.510.676
ART UPKOT● Active
0891.055.460
BACKSTAGE²UPKOT● Active
0454.973.748
BAUDELO UPKOT● Active
0545.801.677
BIOTECH ENGINEERING● Active
0460.320.725
BRO Upkot● Active
0662.477.930
Buzz Upkot● Active
0729.978.151
Campus Upkot● Active
0680.956.727
Constelaris● Active
1019.186.027

Full financial information

Source · NBB
202620252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/09/2019
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months19 months
Filing date25/09/202608/10/202520/09/202409/10/202321/10/202221/09/2021
General meeting11/09/202612/09/202513/09/202408/09/202309/09/202210/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202611/09/202625/09/2026DutchPDF
Abridged model31/03/202512/09/202508/10/2025DutchPDF
Abridged model31/03/202413/09/202420/09/2024DutchPDF
Abridged model31/03/202308/09/202309/10/2023DutchPDF
Abridged model31/03/202209/09/202221/10/2022DutchPDF
Abridged model31/03/202110/09/202121/09/2021DutchPDF
Abridged model31/08/201928/02/202027/03/2020DutchPDF
Abridged model31/08/201828/03/201929/03/2019DutchPDF
Abridged model31/08/201723/02/201804/04/2018DutchPDF
Abridged model30/09/201631/03/201728/04/2017DutchPDF
Abridged model30/09/201525/03/201631/03/2016DutchPDF
Abridged model30/09/201427/03/201531/03/2015DutchPDF
Abridged model30/09/201325/04/201430/04/2014DutchPDF
Abridged model30/09/201229/03/201303/04/2013DutchPDF
Abridged model30/09/201130/03/201202/04/2012DutchPDF
Abridged model30/09/201025/03/201131/03/2011DutchPDF
Abridged model30/09/200918/12/200931/03/2010DutchPDF
Abridged model30/09/200819/12/200816/02/2009DutchPDF
Abridged model30/09/200725/01/200814/02/2008DutchPDF
Abridged model30/09/200609/02/200722/02/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/03/2026

6 active · 4 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Hilde Cloostermans-Huwaert
Director07/09/2025 → 07/09/2027
Koenraad Belsack
Managing directorsince 31/10/2023Director01/07/2011 → 2019 accountsendedManager01/07/2011 → 2011 accountsended
KOSSAAT0438.774.946Represented by Jan De Bondt
Directorsince 31/10/2023
Kurt Verweire0893.151.254Represented by Kurt VERWEIRE
Directorsince 31/10/2023
Nele Van Damme
Managing directorsince 31/10/2023Manager2010 accountsended
tweak it0677.600.725Represented by Wim WUYTS
Directorsince 31/10/2023

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Diederik Van Neste
Director10/03/2021 → 31/10/2023
UPGRADE ESTATE GROUP0666.960.023Represented by Nele Van Damme
Director29/06/2020 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office30/04/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring12/12/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN - DOEL - BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring19/09/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates13/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/07/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates19/07/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares16/03/2018
    KAPITAAL - AANDELEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation1955
Name
Registered office
Annual accounts
Filings18 filings
Mandates
Hilde Cloostermans-Huwaert
KOSSAAT
tweak it
Kurt Verweire
Koenraad Belsack
Nele Van Damme
Diederik Van Neste
UPGRADE ESTATE GROUP
Nelstein
Anne Godelieve Arnauts
19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027
UPGRADE ESTATE GROUPUpgrade Service
Amelia Earhartlaan 2 bte 201, 9051 Sint-Denijs-WestremBurggravenlaan 31/101, 9000 Gent
Director
Director
Director
Director
Managing directorDirector
Managing director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Amelia Earhartlaan 2 bte 201, 9051 Sint-Denijs-WestremCurrent
accounts 2025 → 2026
Accounts 2026 · 2026-00526944
Amelia Earhartlaan 2/201, 9051 Sint-Denijs-Westrem
accounts 2024
Accounts 2024 · 2024-00466356
Burggravenlaan 31/101, 9000 Gent
accounts 2022 → 2023
Accounts 2023 · 2023-00480197

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
UPGRADE ESTATE GROUPCurrent
accounts 2024 → 2026
Accounts 2026 · 2026-00526944
Upgrade Service
accounts 2022 → 2023
Accounts 2023 · 2023-00480197

Events

  1. 2026
    Annual accounts 20264,3 M €↑
  2. 07/09/2025
    nominationHilde Cloostermans-Huwaert · niet-statutaire bestuurder
  3. 2025
    Annual accounts 20251,3 M €↓
  4. 2024
    Annual accounts 20244,8 M €↑
  5. 2024
    Name changeUPGRADE ESTATE GROUP
  6. 2023
    Annual accounts 202383,9 k €↑
  7. 2022
    Annual accounts 202272,8 k €↓
  8. 2019
    Annual accounts 2019111,7 k €↓
  9. 2018
    Annual accounts 20183,9 M €↑
  10. 2017
    Annual accounts 201730,6 k €↓
  11. 2016
    Annual accounts 201647,4 k €↑
  12. 2015
    Annual accounts 201520,4 k €↑
  13. 2014
    Annual accounts 201417,4 k €↓
  14. 2013
    Annual accounts 201378,6 k €↑
  15. 2012
    Annual accounts 20122 k €↑
  16. 2011
    Annual accounts 2011501,9 €↓
  17. 2010
    Annual accounts 201023,3 k €↑
  18. 2009
    Annual accounts 2009-8,4 k €↓
  19. 2008
    Annual accounts 2008-7,1 k €↓
  20. 2007
    Annual accounts 20072,6 k €
  21. 29/09/1955
    IncorporationPrivate limited company