ACTIVE

UPA

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Financial year 2025 · closed on 31/12/2025

Net result

21,5 k €

+159.3% YoY

Gross margin

95,7 k €

+22.1% YoY

Equity

6 M €

+0.4% YoY

What does UPA do?

UPA is a Non-profit organization incorporated in 1951. Its registered office is in Gembloux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.781.862

Incorporation

01/01/1951

Legal form

Non-profit organization

Registered office

Chaussée de Namur 47
5030 Gembloux · WallonieSee on map

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	95,7 k €	+22.1%	78,4 k €	-16.8%	94,2 k €	-33.0%	140,5 k €	+29.9%	108,1 k €	+3.6%	104,4 k €	-24.3%	137,9 k €	+26.8%	108,8 k €	-38.4%	176,4 k €	+89.1%	93,3 k €	-10.3%	104,1 k €	-48.3%	201,1 k €	+13.6%	177,1 k €	+9.6%	161,5 k €	-3.5%	167,3 k €	-4.6%	175,3 k €	-42.3%	303,8 k €	+44.0%	210,9 k €
EBITDA	27,3 k €	+90.3%	14,4 k €	-50.5%	29 k €	-51.4%	59,7 k €	+149%	-123 k €	-478%	32,5 k €	-42.5%	56,6 k €	+456%	-15,9 k €	-158%	27,3 k €	-3.0%	28,1 k €	-30.5%	40,5 k €	-70.8%	138,6 k €	+21.6%	114 k €	+28.1%	89 k €	-20.4%	111,7 k €	+0.6%	111,1 k €	-52.7%	234,9 k €	+45.8%	161,1 k €
Operating result	-28,1 k €	+8.5%	-30,7 k €	-205%	-10,1 k €	-149%	20,6 k €	+113%	-162,1 k €	-935%	-15,7 k €	-172%	21,8 k €	+135%	-62 k €	-489%	-10,5 k €	-23.7%	-8,5 k €	-451%	2,4 k €	-97.7%	107 k €	+29.8%	82,4 k €	+36.9%	60,2 k €	-25.5%	80,9 k €	+8.9%	74,2 k €	-63.6%	204 k €	+85.3%	110,1 k €
Net result	21,5 k €	+159%	8,3 k €	-67.6%	25,5 k €	+313%	-12 k €	+92.0%	-150,5 k €	-900%	-15 k €	-161%	24,7 k €	+140%	-62,1 k €	-249%	41,7 k €	+4245%	960 €	-87.0%	7,4 k €	-95.8%	178,4 k €	-1.0%	180,3 k €	+77.3%	101,7 k €	-23.2%	132,3 k €	+2.7%	128,8 k €	-46.4%	240,5 k €	+39.6%	172,3 k €
Balance sheet
Equity	6 M €	+0.4%	6 M €	+0.1%	5,9 M €	+0.4%	5,9 M €	-0.2%	5,9 M €	-2.5%	6,1 M €	-0.2%	6,1 M €	+0.4%	6,1 M €	-1.0%	6,1 M €	+0.7%	6,1 M €	+0.0%	6,1 M €	+0.1%	6,1 M €	+3.0%	5,9 M €	+3.1%	5,7 M €	+1.8%	5,6 M €	+2.4%	5,5 M €	+2.4%	5,4 M €	+4.7%	5,1 M €
Total assets	6,5 M €	+4.9%	6,2 M €	-1.8%	6,3 M €	+0.9%	6,2 M €	-2.5%	6,4 M €	-3.0%	6,6 M €	+1.1%	6,5 M €	-0.1%	6,5 M €	+2.3%	6,4 M €	-2.4%	6,5 M €	-0.9%	6,6 M €	-1.5%	6,7 M €	+2.3%	6,6 M €	+0.3%	6,5 M €	+1.5%	6,4 M €	-6.1%	6,9 M €	+1.3%	6,8 M €	+13.1%	6 M €
Cash	1,2 M €	-16.3%	1,5 M €	-42.9%	2,6 M €	-6.0%	2,8 M €	-11.9%	3,1 M €	-22.9%	4,1 M €	-1.3%	4,1 M €	+1.2%	4,1 M €	-12.7%	4,7 M €	+3.2%	4,5 M €	-3.5%	4,7 M €	-1.6%	4,8 M €	+13.8%	4,2 M €	+9.1%	3,8 M €	+4.2%	3,7 M €	-8.8%	4 M €	+4.8%	3,9 M €	+10.1%	3,5 M €
Debts	510,6 k €	+125%	227,2 k €	-35.5%	352,4 k €	+9.2%	322,8 k €	-31.5%	471,4 k €	-8.7%	516,3 k €	+20.4%	428,9 k €	-6.1%	456,5 k €	+82.6%	250 k €	-44.4%	449,8 k €	-11.1%	505,6 k €	-17.7%	614,4 k €	-3.7%	638,1 k €	-19.7%	794,8 k €	-0.3%	797,2 k €	-40.9%	1,3 M €	-2.4%	1,4 M €	+62.2%	852,2 k €
Other
Workforce	–		–		–		0,5 ETP	-37.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 18 ended

Active mandates

Anne-Marie BIATOUR

Director · since 08 juin 2022

Active

Jean-Pierre CHAMPAGNE

Director · since 08 septembre 2020 · until 16 janvier 2025

Active

René LADOUCE

Managing director · since 08 septembre 2020

Active

Daniel COULONVAL

Director · since 21 juin 2017

Active

Joseph PONTHIER

Director · since 29 juin 2016

Active

Marianne STREEL

Director · since 27 juin 2013

Active

Ended mandates

Jean-Pierre CHAMPAGNE

Director · since 08 septembre 2020

Ended

Daniel COULONVAL

Director · since 27 juin 2013

Ended

Agnes TITS

Director · since 29 juin 2012 · until 27 juin 2023

Ended

ANNE MARIE BIATOUR

Director · since 11 mai 2006 · until 11 juin 2009

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2026	14/07/2025	26/08/2024	06/07/2023	22/08/2022	08/07/2021
General meeting	30/06/2026	27/06/2025	10/07/2024	27/06/2023	08/06/2022	23/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	14/07/2025	French	PDF
Abridged model	31/12/2023	10/07/2024	26/08/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	08/06/2022	22/08/2022	French	PDF
Abridged model	31/12/2020	23/06/2021	08/07/2021	French	PDF
Abridged model	31/12/2019	08/09/2020	14/09/2020	French	PDF
Abridged model	31/12/2018	26/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	20/06/2018	21/06/2018	French	PDF
Abridged model	31/12/2016	21/06/2017	10/07/2017	French	PDF
Abridged model	31/12/2015	29/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	22/06/2015	26/06/2015	French	PDF
Abridged model	31/12/2013	25/06/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	09/07/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	27/05/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	02/06/2010	French	PDF
Abridged model	31/12/2008	06/05/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	04/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 6 active · 18 ended

Active mandates

Anne-Marie BIATOUR

Director · since 08 juin 2022

Active

Jean-Pierre CHAMPAGNE

Director · since 08 septembre 2020 · until 16 janvier 2025

Active

René LADOUCE

Managing director · since 08 septembre 2020

Active

Daniel COULONVAL

Director · since 21 juin 2017

Active

Joseph PONTHIER

Director · since 29 juin 2016

Active

Marianne STREEL

Director · since 27 juin 2013

Active

Ended mandates

Jean-Pierre CHAMPAGNE

Director · since 08 septembre 2020

Ended

Daniel COULONVAL

Director · since 27 juin 2013

Ended

Agnes TITS

Director · since 29 juin 2012 · until 27 juin 2023

Ended

ANNE MARIE BIATOUR

Director · since 11 mai 2006 · until 11 juin 2009

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other16/02/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates30/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2018
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 202521,5 k €↑
2024
Annual accounts 20248,3 k €↓
2023
Annual accounts 202325,5 k €↑
2022
Annual accounts 2022-12 k €↑
2021
Annual accounts 2021-150,5 k €↓
2020
Annual accounts 2020-15 k €↓
2019
Annual accounts 201924,7 k €↑
2018
Annual accounts 2018-62,1 k €↓
2017
Annual accounts 201741,7 k €↑
2016
Annual accounts 2016960 €↓
2015
Annual accounts 20157,4 k €↓
2014
Annual accounts 2014178,4 k €↓
2013
Annual accounts 2013180,3 k €↑
2012
Annual accounts 2012101,7 k €↓
2011
Annual accounts 2011132,3 k €↑
2010
Annual accounts 2010128,8 k €↓
2009
Annual accounts 2009240,5 k €↑
2008
Annual accounts 2008172,3 k €
01/01/1951
IncorporationNon-profit organization

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

UPA

Overview

What does UPA do?

Trend over 18 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