UPGRADE
0440.171.449 · rovalta.com · 21/09/2026
ACTIVE
UPGRADE
Financial year 2025 · closed on 31/12/2025
Net result
15,4 k €
+144.0% YoY
Gross margin
21 k €
+117.1% YoY
Equity
154,4 k €
+11.0% YoY
Overview
What does UPGRADE do?
UPGRADE is a Private limited company incorporated in 1990. Its main activity is: Advertising agencies. Its registered office is in Koekelberg.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0440.171.449
Incorporation
27/03/1990
Legal form
Private limited company
Registered office
Avenue des Gloires Nationales 3
1081 Koekelberg · BruxellesSee on map
1081 Koekelberg · BruxellesSee on map
Contributed capital
18 592,01 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 21 k € | +117% | 9,7 k € | -78.1% | 44,3 k € | +3395% | 1,3 k € | -87.8% | 10,4 k € | +176% | -13,7 k € | -112% | 117,4 k € | +13.7% | 103,3 k € | -41.2% | 175,7 k € | +72.9% | 101,6 k € | +69074% | 146,9 € | +401% | -48,8 € | +55.3% | -109,3 € | -101% | 20,5 k € | +150% | -41,4 k € | -241% | 29,3 k € | -83.2% | 174,2 k € | -42.8% | 304,5 k € | -43.1% | 534,6 k € | -3.1% | 551,6 k € |
| EBITDA | 20,6 k € | +122% | 9,3 k € | -78.7% | 43,7 k € | +9495% | 455,2 € | -95.5% | 10 k € | +171% | -14,1 k € | +80.1% | -71 k € | -295% | 36,4 k € | -56.4% | 83,5 k € | +46.6% | 57 k € | +17747% | -322,7 € | +80.0% | -1,6 k € | +67.8% | -5 k € | -125% | 20,1 k € | +147% | -42,8 k € | -344% | 17,6 k € | -67.7% | 54,5 k € | +169% | 20,2 k € | -87.9% | 167,5 k € | -35.4% | 259,4 k € |
| Operating result | 17,2 k € | +130% | 7,5 k € | -79.3% | 36,1 k € | +587% | -7,4 k € | -400% | 2,5 k € | +117% | -14,8 k € | +88.5% | -128,8 k € | -6941% | -1,8 k € | +97.3% | -67,4 k € | -218% | 57 k € | +17747% | -322,7 € | +80.0% | -1,6 k € | +72.8% | -5,9 k € | -136% | 16,4 k € | +131% | -53 k € | -4594% | 1,2 k € | -96.7% | 36 k € | +524% | -8,5 k € | -111% | 74 k € | -25.1% | 98,8 k € |
| Net result | 15,4 k € | +144% | 6,3 k € | -80.6% | 32,4 k € | +509% | -7,9 k € | -507% | 1,9 k € | +118% | -11 k € | +95.6% | -252,1 k € | -3499% | 7,4 k € | +113% | -55,3 k € | -223% | 44,9 k € | +342% | 10,2 k € | +188% | 3,5 k € | +2452% | -150 € | -100% | 65,5 k € | +332% | 15,2 k € | +161% | -24,7 k € | -213% | 21,9 k € | +145% | -49,1 k € | -245% | 33,9 k € | -3.2% | 35 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 154,4 k € | +11.0% | 139,1 k € | +4.7% | 132,8 k € | +32.3% | 100,4 k € | -7.3% | 108,3 k € | +1.8% | 106,4 k € | -9.4% | 117,4 k € | -68.2% | 369,5 k € | +2.0% | 362,1 k € | -13.2% | 417,3 k € | +12.1% | 372,4 k € | +2.8% | 362,2 k € | +1.0% | 358,7 k € | -0.0% | 358,8 k € | +14.5% | 313,3 k € | +5.1% | 298,2 k € | -7.7% | 322,9 k € | +7.3% | 301 k € | -14.0% | 350,1 k € | +4.1% | 336,2 k € |
| Total assets | 185 k € | +15.4% | 160,3 k € | +2.6% | 156,3 k € | +30.9% | 119,4 k € | -5.9% | 126,8 k € | +2.7% | 123,5 k € | -55.1% | 275 k € | -44.5% | 495,2 k € | -1.1% | 500,9 k € | -6.2% | 534 k € | -6.8% | 572,8 k € | +13.6% | 504 k € | -9.0% | 554,1 k € | -15.5% | 655,9 k € | -8.8% | 719,5 k € | -7.2% | 775,1 k € | -15.6% | 918,2 k € | -15.3% | 1,1 M € | -37.6% | 1,7 M € | +3.1% | 1,7 M € |
| Cash | 395,1 € | -31.4% | 575,9 € | -93.0% | 8,2 k € | +241% | 2,4 k € | -89.0% | 21,8 k € | -48.5% | 42,3 k € | -66.6% | 126,7 k € | +46942522% | 0,3 € | 0.0% | 0,3 € | -100.0% | 3,1 k € | +546300% | 0,6 € | -20.8% | 0,7 € | – | 1,3 € | 0.0% | 1,3 € | 0.0% | 1,3 € | 0.0% | 1,3 € | -100.0% | 8,3 k € | +632364% | 1,3 € | -100.0% | 134,3 k € | ||
| Debts | 30,4 k € | +43.5% | 21,2 k € | -9.7% | 23,5 k € | +26.1% | 18,6 k € | +0.5% | 18,5 k € | +8.1% | 17,1 k € | -88.8% | 152,8 k € | +21.5% | 125,7 k € | -9.4% | 138,9 k € | +20.3% | 115,5 k € | -42.4% | 200,4 k € | +42.1% | 141,1 k € | -27.8% | 195,4 k € | -33.7% | 294,8 k € | -25.6% | 396,5 k € | -16.3% | 473,8 k € | -20.4% | 595,3 k € | -21.3% | 756,7 k € | -42.7% | 1,3 M € | -2.1% | 1,3 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,3 ETP | -87.0% | 2,3 ETP | -60.3% | 5,8 ETP | -20.5% | 7,3 ETP | +25.9% | 5,8 ETP | |||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
Jacques OST
ActiveEnded mandates
Jacques OST
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
ACCADISS● Active | 0896.643.947 |
ACTIVE CLUB● Active | 0468.567.408 |
ADMINISTRATION AND TAX SERVICES● Active | 0438.519.578 |
ALETHICO● Active | 0798.720.467 |
ATS-ACCOUNTING● Active | 0898.854.656 |
BELGOFINA● Active | 0876.643.339 |
Chack Consult● Active | 0839.407.910 |
COUPEPA● Active | 0478.449.431 |
DAYDREAM NATION● Active | 0810.917.921 |
ETUDES - MARKETING - CONSEILS● Active | 0416.943.315 |
EUROPEAN FINANCE et INVESTMENTS● Active | 0438.549.767 |
FUZYO BELGIUM● Active | 0711.856.175 |
GECO CONSULTING● Active | 0863.577.142 |
Jean Levage Belgium● Active | 0578.903.720 |
JURIN● Active | 0543.446.656 |
KAYS MANAGEMENT● Active | 0899.105.470 |
Lolinta● Active | 1036.847.054 |
| 0432.512.805 | |
PALATIN● Active | 0837.437.325 |
PALMYRE● Active | 0473.128.584 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 31/08/2026 | 08/10/2025 | 30/11/2024 | 03/10/2023 | 25/11/2022 | 31/08/2021 |
| General meeting | 04/05/2026 | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 04/05/2026 | 31/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 08/10/2025 | Dutch | |
| Micro model | 31/12/2023 | 30/06/2024 | 30/11/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 03/10/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/06/2022 | 25/11/2022 | Dutch | |
| Micro model | 31/12/2020 | 30/06/2021 | 31/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 30/09/2020 | 29/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 21/02/2020 | 23/04/2020 | Dutch | |
| Micro model | 31/12/2017 | 21/02/2020 | 23/04/2020 | Dutch | |
| Micro model | 31/12/2016 | 07/03/2018 | 04/05/2018 | Dutch | |
| Abridged model | 31/12/2015 | 30/09/2016 | 04/05/2018 | Dutch | |
| Abridged model | 31/12/2014 | 04/05/2015 | 06/10/2015 | Dutch | |
| Abridged model | 31/12/2013 | 05/05/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 28/06/2013 | 26/09/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/06/2012 | 28/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 02/05/2011 | 30/12/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 12/10/2010 | Dutch | |
| Abridged model | 31/12/2008 | 31/08/2009 | 31/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 28/11/2008 | 28/08/2009 | Dutch | |
| Abridged model | 31/12/2006 | 31/07/2007 | 28/09/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
Jacques OST
ActiveEnded mandates
Jacques OST
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202515,4 k €↑
- 2024Annual accounts 20246,3 k €↓
- 2023Annual accounts 202332,4 k €↑
- 2022Annual accounts 2022-7,9 k €↓
- 2021Annual accounts 20211,9 k €↑
- 2020Annual accounts 2020-11 k €↑
- 2019Annual accounts 2019-252,1 k €↓
- 2018Annual accounts 20187,4 k €↑
- 2017Annual accounts 2017-55,3 k €↓
- 2016Annual accounts 201644,9 k €↑
- 2015Annual accounts 201510,2 k €↑
- 2014Annual accounts 20143,5 k €↑
- 2013Annual accounts 2013-150 €↓
- 2012Annual accounts 201265,5 k €↑
- 2011Annual accounts 201115,2 k €↑
- 2010Annual accounts 2010-24,7 k €↓
- 2009Annual accounts 200921,9 k €↑
- 2008Annual accounts 2008-49,1 k €↓
- 2007Annual accounts 200733,9 k €↓
- 2006Annual accounts 200635 k €
- 27/03/1990IncorporationPrivate limited company