ACTIVE

UpFresh

Financial year 2025 · closed on 31/12/2025
Net result
552,9 k €
+568.0% YoY
Revenue
138,6 M €
+21.9% YoY
Equity
9 M €
+6.5% YoY
Workforce
109,9 ETP
-8.3% YoY

What does UpFresh do?

UpFresh is a Public limited company incorporated in 1968. Its main activity is: Wholesale of meat and meat products. Its registered office is in Oostende. It employs on average 109,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.252.241
Incorporation
01/01/1968
Legal form
Public limited company
Registered office
Zandvoordestraat 370
8400 Oostende · FlandreSee on map
Contributed capital
63 666,82 €
Latest accounts
31/12/2025
Average workforce
109,9 ETP
Joint committees (3)
  • 119
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue138,6 M €113,7 M €113,4 M €115,1 M €114,4 M €81 M €73,2 M €67,4 M €62,5 M €61,6 M €57,4 M €55,3 M €51,4 M €48,2 M €42,7 M €38,5 M €36,6 M €28,6 M €25,7 M €22,7 M €
EBITDA2,6 M €1,3 M €1,3 M €1,8 M €4,7 M €3,3 M €1,6 M €1,7 M €1,7 M €2,2 M €2,8 M €2,4 M €2,5 M €2,3 M €2 M €1,9 M €1,8 M €1,5 M €1,4 M €1,1 M €
Operating result1,1 M €148,4 k €39,5 k €541 k €3,9 M €2,4 M €610,2 k €653,9 k €617 k €1,1 M €1,7 M €1,3 M €1,3 M €1,1 M €873,3 k €1 M €955,3 k €1 M €961,5 k €681,5 k €
Net result552,9 k €-118,1 k €-50 k €105,1 k €2,9 M €1,5 M €399,5 k €399,2 k €372,3 k €710,9 k €1,1 M €801,4 k €843,9 k €579,5 k €447 k €527,1 k €470,9 k €643,4 k €604,5 k €598,9 k €
Balance sheet
Equity9 M €8,5 M €8,6 M €8,6 M €8,5 M €7,5 M €6 M €5,6 M €5,4 M €5,2 M €4,6 M €4,1 M €3,7 M €3,3 M €3 M €2,9 M €2,4 M €1,9 M €1,4 M €1,3 M €
Total assets34,7 M €31,2 M €26,5 M €26,6 M €31,5 M €27,3 M €28,5 M €19,3 M €19,3 M €19,1 M €16,9 M €16,1 M €15,5 M €15 M €13,5 M €14,8 M €14,1 M €9,5 M €7,4 M €6,9 M €
Cash5,6 M €6,3 M €4,2 M €3,7 M €5,6 M €3,6 M €3,1 M €104,1 k €78,6 k €107,7 k €97,3 k €136,2 k €179 k €564,5 k €222,8 k €89,4 k €109,4 k €145,9 k €189,4 k €101 k €
Debts25,4 M €22,3 M €17,1 M €17,9 M €22,9 M €19,6 M €22,5 M €13,6 M €13,9 M €13,8 M €12,1 M €11,9 M €11,7 M €11,7 M €10,4 M €11,7 M €11,6 M €7,5 M €5,9 M €5,3 M €
Other
Workforce109,9 ETP119,8 ETP122,2 ETP116,5 ETP105,9 ETP78,2 ETP93,0 ETP91,0 ETP90,3 ETP86,5 ETP86,2 ETP83,1 ETP79,8 ETP79,4 ETP71,9 ETP69,2 ETP69,3 ETP54,3 ETP47,8 ETP43,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 44 ended

Active mandates

DEPUYDT FAMILY

Director · since 22 novembre 2023 · until 21 novembre 2029 · 0799.844.677

Represented by Kurt DEPUYDT

Active
DEROOSE PROJECTS

Director · since 22 novembre 2023 · until 21 novembre 2029 · 0880.450.291

Represented by Dirk Deroose

Active
ESSENSYS

Director · since 22 novembre 2023 · until 21 novembre 2026 · 0480.687.953

Represented by Dirk Van Lerberghe

Active
Veerle Naessens

Director · since 22 novembre 2023 · until 21 novembre 2029

Active

Ended mandates

DEPUYDT FAMILY

Director · since 22 novembre 2023 · until 25 juin 2029 · 0799.844.677

Represented by Kurt Depuydt

Ended
DEROOSE PROJECTS

Director · since 22 novembre 2023 · until 25 juin 2029 · 0880.450.291

Represented by Dirk Deroose

Ended
ESSENSYS

Director · since 22 novembre 2023 · until 22 juin 2026 · 0480.687.953

Represented by Dirk Van Lerberghe

Ended
Veerle Naessens

Director · since 22 novembre 2023 · until 25 juin 2029

Ended
At this address

Other companies at this address

CompanyCBE no.
DEPUYDT FAMILYActive
0799.844.677
UpActive
0778.293.752
UpLogActive
0644.488.388
UpREstateActive
0705.846.036
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/07/202627/06/202502/07/202431/07/202308/07/202226/07/2021
General meeting22/06/202623/06/202528/06/202430/06/202330/06/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202522/06/202613/07/2026DutchPDF
Full model31/12/202423/06/202527/06/2025DutchPDF
Full model31/12/202328/06/202402/07/2024DutchPDF
Full model31/12/202230/06/202331/07/2023DutchPDF
Full model31/12/202130/06/202208/07/2022DutchPDF
Full model31/12/202021/06/202126/07/2021DutchPDF
Full model31/12/201918/06/202028/07/2020DutchPDF
Full model31/12/201806/06/201917/06/2019DutchPDF
Full model31/12/201730/05/201831/05/2018DutchPDF
Full model31/12/201631/05/201701/06/2017DutchPDF
Full model31/12/201503/06/201607/06/2016DutchPDF
Full model31/12/201405/06/201522/06/2015DutchPDF
Full model31/12/201306/06/201410/06/2014DutchPDF
Full model31/12/201207/06/201313/06/2013DutchPDF
Full model31/12/201101/06/201205/06/2012DutchPDF
Full model31/12/201001/06/201107/06/2011DutchPDF
Full model31/12/200904/06/201010/06/2010DutchPDF
Full model31/12/200805/06/200910/06/2009DutchPDF
Full model31/12/200706/06/200816/06/2008DutchPDF
Full model31/12/200606/06/200713/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 44 ended

Active mandates

DEPUYDT FAMILY

Director · since 22 novembre 2023 · until 21 novembre 2029 · 0799.844.677

Represented by Kurt DEPUYDT

Active
DEROOSE PROJECTS

Director · since 22 novembre 2023 · until 21 novembre 2029 · 0880.450.291

Represented by Dirk Deroose

Active
ESSENSYS

Director · since 22 novembre 2023 · until 21 novembre 2026 · 0480.687.953

Represented by Dirk Van Lerberghe

Active
Veerle Naessens

Director · since 22 novembre 2023 · until 21 novembre 2029

Active

Ended mandates

DEPUYDT FAMILY

Director · since 22 novembre 2023 · until 25 juin 2029 · 0799.844.677

Represented by Kurt Depuydt

Ended
DEROOSE PROJECTS

Director · since 22 novembre 2023 · until 25 juin 2029 · 0880.450.291

Represented by Dirk Deroose

Ended
ESSENSYS

Director · since 22 novembre 2023 · until 22 juin 2026 · 0480.687.953

Represented by Dirk Van Lerberghe

Ended
Veerle Naessens

Director · since 22 novembre 2023 · until 25 juin 2029

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other27/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates19/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring25/01/2022
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring22/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/10/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/10/2021
    BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025552,9 k €
  2. 2024
    Annual accounts 2024-118,1 k €
  3. 2023
    Annual accounts 2023-50 k €
  4. 2022
    Annual accounts 2022105,1 k €
  5. 2021
    Annual accounts 20212,9 M €
  6. 2021
    Name changeUPFRESH
  7. 2020
    Annual accounts 20201,5 M €
  8. 2019
    Annual accounts 2019399,5 k €
  9. 2018
    Annual accounts 2018399,2 k €
  10. 2017
    Annual accounts 2017372,3 k €
  11. 2016
    Annual accounts 2016710,9 k €
  12. 2015
    Annual accounts 20151,1 M €
  13. 2014
    Annual accounts 2014801,4 k €
  14. 2013
    Annual accounts 2013843,9 k €
  15. 2012
    Annual accounts 2012579,5 k €
  16. 2011
    Annual accounts 2011447 k €
  17. 2010
    Annual accounts 2010527,1 k €
  18. 2009
    Annual accounts 2009470,9 k €
  19. 2008
    Annual accounts 2008643,4 k €
  20. 2007
    Annual accounts 2007604,5 k €
  21. 2006
    Annual accounts 2006598,9 k €
  22. 2006
    Name changeVleeswaren Depuydt
  23. 01/01/1968
    IncorporationPublic limited company