ACTIVE

UPM

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Financial year 2024 · closed on 31/12/2024

Net result

111,2 k €

-34.0% YoY

Revenue

2,2 M €

-12.1% YoY

Equity

1,6 M €

+7.3% YoY

Workforce

29,3 ETP

+5.8% YoY

What does UPM do?

UPM is a Public limited company incorporated in 1969. Its main activity is: Wholesale of other household goods. Its registered office is in Antwerpen. It employs on average 29,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.082.778

Incorporation

01/01/1969

Legal form

Public limited company

Registered office

Katwilgweg 2
2050 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

29,3 ETP

Activities (NACE)

46493Wholesale of other household goods· main 46493Wholesale of other household goods 51475Air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2020		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	2,2 M €	-12.1%	2,5 M €	+68.5%	1,5 M €	+11.1%	1,3 M €	+3.6%	1,3 M €	-18.8%	1,6 M €	-22.7%	2 M €	+49.7%	1,4 M €	+6.9%	1,3 M €	+7.6%	1,2 M €	-47.1%	2,2 M €	-76.3%	9,4 M €	+17.6%	8 M €	-17.8%	9,7 M €	-22.7%	12,6 M €	-0.1%	12,6 M €
EBITDA	-133,5 k €	-131%	433,1 k €	+242%	126,6 k €	+333%	-54,3 k €	-116%	338,2 k €	+37.8%	245,4 k €	-31.0%	355,7 k €	+14.3%	311,3 k €	+42.1%	219,1 k €	-11.0%	246,1 k €	-61.3%	635,7 k €	+2381%	25,6 k €	-74.3%	99,9 k €	-77.8%	449,7 k €	-62.3%	1,2 M €	+98.7%	600,9 k €
Operating result	99,3 k €	-47.8%	190,3 k €	+50.3%	126,6 k €	-49.5%	250,7 k €	-25.9%	338,2 k €	+37.8%	245,4 k €	-31.0%	355,7 k €	+16.9%	304,2 k €	+38.8%	219,1 k €	-11.0%	246,1 k €	-61.2%	633,9 k €	+2583%	23,6 k €	-72.6%	86,3 k €	-79.6%	422,7 k €	-62.8%	1,1 M €	+118%	522,4 k €
Net result	111,2 k €	-34.0%	168,6 k €	+94.6%	86,6 k €	-39.7%	143,7 k €	-35.0%	221 k €	+59.2%	138,8 k €	-28.3%	193,7 k €	+14.7%	168,9 k €	+67.0%	101,1 k €	-35.2%	156,2 k €	-41.5%	266,9 k €	+9884%	2,7 k €	-85.1%	17,9 k €	-92.5%	238,1 k €	-68.8%	763,8 k €	+83.7%	415,8 k €
Balance sheet
Equity	1,6 M €	+7.3%	1,5 M €	+12.4%	1,4 M €	+6.8%	1,3 M €	+12.7%	1,1 M €	+53.2%	738,8 k €	+23.1%	600 k €	+47.7%	406,2 k €	+123%	182,1 k €	-74.6%	718 k €	+27.8%	561,8 k €	+90.5%	294,9 k €	-77.2%	1,3 M €	+1.4%	1,3 M €	+23.0%	1 M €	-68.3%	3,3 M €
Total assets	2,9 M €	-14.0%	3,4 M €	+46.8%	2,3 M €	+10.0%	2,1 M €	+2.6%	2 M €	+27.4%	1,6 M €	-31.9%	2,3 M €	+45.0%	1,6 M €	+80.4%	896,6 k €	-42.2%	1,6 M €	-6.6%	1,7 M €	-32.9%	2,5 M €	-35.7%	3,8 M €	+16.4%	3,3 M €	-8.0%	3,6 M €	-39.2%	5,9 M €
Cash	2,1 M €	-7.0%	2,3 M €	+137%	967,4 k €	-43.5%	1,7 M €	+2.4%	1,7 M €	+30.3%	1,3 M €	-12.7%	1,5 M €	+151%	584,9 k €	+17.3%	498,5 k €	-50.5%	1 M €	+542%	156,8 k €	-78.8%	739,9 k €	-60.9%	1,9 M €	+445%	347,4 k €	-62.6%	929,4 k €	-65.6%	2,7 M €
Debts	1,2 M €	-22.0%	1,6 M €	+71.1%	934,4 k €	+15.0%	812,3 k €	+35.6%	599 k €	-30.3%	859,2 k €	-50.8%	1,7 M €	+44.7%	1,2 M €	+71.4%	703,5 k €	-15.5%	832,9 k €	-24.2%	1,1 M €	-44.2%	2 M €	-16.1%	2,3 M €	+30.1%	1,8 M €	-21.9%	2,3 M €	-1.4%	2,3 M €
Other
Workforce	29,3 ETP	+5.8%	27,7 ETP	-6.1%	29,5 ETP	+1.7%	29,0 ETP	-8.8%	31,8 ETP	-3.6%	33,0 ETP	-3.8%	34,3 ETP	+2.1%	33,6 ETP	+12.0%	30,0 ETP	-9.1%	33,0 ETP	-8.3%	36,0 ETP	+5.9%	34,0 ETP	+30.8%	26,0 ETP	-3.7%	27,0 ETP	-12.9%	31,0 ETP	-18.4%	38,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 13 ended

Active mandates

Jan Vollaard

Director · since 01 novembre 2022 · until 16 juin 2028

Active

Sanna-Mari Toivonen

Director · since 01 novembre 2022 · until 16 juin 2028

Active

Jarkko Mikko Airamaa

Director · since 30 juin 2020 · until 19 juin 2026

Active

Robertus Cornelis Post

Director · since 01 juin 2019 · until 20 juin 2025

Active

Ended mandates

Saara-Maria Helminen

Director · since 01 juin 2019 · until 30 juin 2020

Ended

Saara-Maria Helminen

Director · since 01 juin 2019 · until 20 juin 2025

Ended

Mirja Salmelin

Director · since 28 avril 2018 · until 28 avril 2023

Ended

Jean-Pierre Deregnieaux

Director · since 01 octobre 2014 · until 01 octobre 2020

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2025	09/07/2024	11/07/2023	25/08/2022	23/07/2021	31/07/2020
General meeting	30/06/2025	28/06/2024	26/06/2023	30/06/2022	29/06/2021	30/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	09/07/2024	Dutch	PDF
Full model	31/12/2022	26/06/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	25/08/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	23/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	31/07/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	04/07/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	05/07/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	17/07/2015	Dutch	PDF
Full model	31/12/2013	26/06/2014	22/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	12/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	13/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	22/07/2010	French	PDF
Full model	31/12/2008	12/06/2009	19/06/2009	French	PDF
Full model	31/12/2007	23/05/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	27/04/2007	21/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2024 · 4 active · 13 ended

Active mandates

Jan Vollaard

Director · since 01 novembre 2022 · until 16 juin 2028

Active

Sanna-Mari Toivonen

Director · since 01 novembre 2022 · until 16 juin 2028

Active

Jarkko Mikko Airamaa

Director · since 30 juin 2020 · until 19 juin 2026

Active

Robertus Cornelis Post

Director · since 01 juin 2019 · until 20 juin 2025

Active

Ended mandates

Saara-Maria Helminen

Director · since 01 juin 2019 · until 30 juin 2020

Ended

Saara-Maria Helminen

Director · since 01 juin 2019 · until 20 juin 2025

Ended

Mirja Salmelin

Director · since 28 avril 2018 · until 28 avril 2023

Ended

Jean-Pierre Deregnieaux

Director · since 01 octobre 2014 · until 01 octobre 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other05/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2019
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024111,2 k €↓
2023
Annual accounts 2023168,6 k €↑
2022
Annual accounts 202286,6 k €↓
2021
Annual accounts 2021143,7 k €↓
2020
Annual accounts 2020221 k €↑
2018
Annual accounts 2018138,8 k €↓
2017
Annual accounts 2017193,7 k €↑
2016
Annual accounts 2016168,9 k €↑
2014
Annual accounts 2014101,1 k €↓
2013
Annual accounts 2013156,2 k €↓
2012
Annual accounts 2012266,9 k €↑
2011
Annual accounts 20112,7 k €↓
2011
Name changeUPM
2010
Annual accounts 201017,9 k €↓
2009
Annual accounts 2009238,1 k €↓
2008
Annual accounts 2008763,8 k €↑
2007
Annual accounts 2007415,8 k €
2007
Name changeUPM-Kymmene
01/01/1969
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

UPM

Overview

What does UPM do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline