ACTIVE

UPGRADE

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Financial year 2025 · closed on 30/06/2025

Net result

77,9 k €

-77.8% YoY

Gross margin

144,6 k €

-48.2% YoY

Equity

55,4 k €

+345.8% YoY

What does UPGRADE do?

UPGRADE is a Private limited company incorporated in 1987. Its main activity is: Management consultancy activities. Its registered office is in Boechout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.610.397

Incorporation

25/11/1987

Legal form

Private limited company

Registered office

Hovesesteenweg 44
2530 Boechout · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	144,6 k €	-48.2%	279,1 k €	+262%	-172,1 k €	-174%	232,2 k €	+264%	-141,6 k €	-1495%	10,1 k €	-89.0%	92 k €	-18.9%	113,5 k €	+633%	-21,3 k €	-122%	95,8 k €	+1346%	6,6 k €	+12.8%	5,9 k €	+108%	-75 k €	-235%	-22,4 k €	-142%	53,6 k €	-57.7%	126,6 k €	+59.6%	79,3 k €	+7.3%	73,9 k €
EBITDA	129,1 k €	-52.8%	273,4 k €	+247%	-186,3 k €	-186%	217,3 k €	+248%	-147,3 k €	-528%	-23,5 k €	-127%	88 k €	-19.7%	109,6 k €	+543%	-24,7 k €	-126%	93,8 k €	+2378%	3,8 k €	+172%	-5,2 k €	+64.6%	-14,8 k €	+43.6%	-26,2 k €	-140%	65,9 k €	+21.9%	54 k €	-13.7%	62,6 k €	+12.9%	55,5 k €
Operating result	109,5 k €	-67.9%	341,5 k €	+236%	-251,9 k €	-267%	151,1 k €	+156%	-271,2 k €	-191%	-93,3 k €	-356%	36,4 k €	-49.8%	72,5 k €	+210%	-66 k €	-202%	64,6 k €	+53938%	119,5 €	+102%	-7,6 k €	+93.0%	-108,4 k €	-48.8%	-72,8 k €	-1928%	4 k €	-70.9%	13,7 k €	-35.8%	21,3 k €	+32.8%	16 k €
Net result	77,9 k €	-77.8%	350,5 k €	+296%	-179,2 k €	-1598%	-10,6 k €	+96.3%	-285,1 k €	-165%	-107,4 k €	-891%	13,6 k €	-76.0%	56,6 k €	+170%	-81,1 k €	-561%	-12,3 k €	-131%	40 k €	+145%	-89 k €	-264%	-24,5 k €	+58.4%	-58,8 k €	-728%	-7,1 k €	-289%	3,7 k €	+60.2%	2,3 k €	-61.3%	6 k €
Balance sheet
Equity	55,4 k €	+346%	-22,5 k €	+94.0%	-373 k €	-92.5%	-193,8 k €	-5.8%	-183,3 k €	-280%	101,9 k €	-51.3%	209,3 k €	+6.9%	195,7 k €	+40.7%	139,1 k €	-42.4%	241,5 k €	-4.8%	253,8 k €	-73.7%	963,8 k €	-8.5%	1,1 M €	-2.3%	1,1 M €	-5.2%	1,1 M €	-0.6%	1,1 M €	+0.3%	1,1 M €	+0.2%	1,1 M €
Total assets	262,6 k €	+576%	38,8 k €	-96.5%	1,1 M €	-19.5%	1,4 M €	-44.6%	2,5 M €	+3.5%	2,4 M €	+16.9%	2,1 M €	+59.4%	1,3 M €	+4.4%	1,2 M €	-20.5%	1,6 M €	-28.6%	2,2 M €	+69.5%	1,3 M €	-29.3%	1,8 M €	-0.8%	1,8 M €	-1.0%	1,9 M €	+8.7%	1,7 M €	+1.0%	1,7 M €	-2.4%	1,7 M €
Cash	235,4 €	-93.7%	3,8 k €	+1480%	238,2 €	-99.9%	181,7 k €	+52969%	342,4 €	-98.2%	18,7 k €	-66.8%	56,2 k €		–		2,1 k €		–		29,3 k €	+28.7%	22,8 k €	+151%	9,1 k €	-57.8%	21,5 k €	-64.4%	60,4 k €	-79.1%	289 k €	+7.5%	268,9 k €	-23.4%	351 k €
Debts	207,2 k €	+238%	61,3 k €	-95.3%	1,3 M €	-11.6%	1,5 M €	-42.8%	2,6 M €	+16.7%	2,2 M €	+26.0%	1,8 M €	+75.9%	1 M €	-0.0%	1 M €	-15.8%	1,2 M €	-34.3%	1,8 M €	+702%	226,8 k €	-68.0%	709,3 k €	+13.4%	625,4 k €	+6.8%	585,4 k €	+43.5%	407,9 k €	-10.9%	457,8 k €	-7.3%	494 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 4 ended

Active mandates

BERT DE HAES

Director

Active

Ended mandates

Bert De Haes

Director · since 21 décembre 2009

Ended

Bert De Haes

Manager · since 21 décembre 2009

Ended

Ann Meynckens

Manager

Ended

Bert De Haes

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Loverijk● Active	0536.167.894
Moja Solutions● Active	0757.654.528
Mona● Active	0899.483.077
MUUN● Active	0658.916.248

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/11/2025	16/01/2025	30/01/2024	07/02/2023	28/01/2022	29/01/2021
General meeting	17/11/2025	12/12/2024	29/12/2023	08/12/2022	09/12/2021	10/12/2020
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
Micro model	30/06/2025	17/11/2025	17/11/2025	Dutch	PDF
Abridged model	30/06/2024	12/12/2024	16/01/2025	Dutch	PDF
Micro model	30/06/2023	29/12/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	08/12/2022	07/02/2023	Dutch	PDF
Abridged model	30/06/2021	09/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	10/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	12/12/2019	15/01/2020	Dutch	PDF
Abridged model	30/06/2018	13/12/2018	11/01/2019	Dutch	PDF
Abridged model	30/06/2017	14/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	25/01/2017	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	10/12/2015	23/08/2016	Dutch	PDF
Abridged model	30/06/2014	05/02/2015	16/02/2015	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	31/01/2014	Dutch	PDF
Abridged model	30/06/2012	01/02/2013	15/02/2013	Dutch	PDF
Abridged model	30/06/2011	26/01/2012	15/02/2012	Dutch	PDF
Abridged model	30/06/2010	31/01/2011	21/02/2011	Dutch	PDF
Abridged model	31/12/2008	29/09/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/07/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 1 active · 4 ended

Active mandates

BERT DE HAES

Director

Active

Ended mandates

Bert De Haes

Director · since 21 décembre 2009

Ended

Bert De Haes

Manager · since 21 décembre 2009

Ended

Ann Meynckens

Manager

Ended

Bert De Haes

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/04/2013
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/01/2010
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares04/08/2004
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202577,9 k €↓
2024
Annual accounts 2024350,5 k €↑
2023
Annual accounts 2023-179,2 k €↓
2022
Annual accounts 2022-10,6 k €↑
2021
Annual accounts 2021-285,1 k €↓
2020
Annual accounts 2020-107,4 k €↓
2019
Annual accounts 201913,6 k €↓
2018
Annual accounts 201856,6 k €↑
2017
Annual accounts 2017-81,1 k €↓
2015
Annual accounts 2015-12,3 k €↓
2014
Annual accounts 201440 k €↑
2013
Annual accounts 2013-89 k €↓
2012
Annual accounts 2012-24,5 k €↑
2011
Annual accounts 2011-58,8 k €↓
2010
Annual accounts 2010-7,1 k €↓
2008
Annual accounts 20083,7 k €↑
2007
Annual accounts 20072,3 k €↓
2006
Annual accounts 20066 k €
25/11/1987
IncorporationPrivate 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

UPGRADE

Overview

What does UPGRADE 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