ACTIVE

U-PGRADE

Financial year 2025 · Closed on 31/12/2025

Net result-347,3 k €-1,1 %over 1 year

Gross margin1,1 M €+25,2 %over 1 year

Equity5,8 M €-11,4 %over 1 year

Identity

Source · BCE/KBO

U-PGRADE is a Public limited company incorporated in 1993. Its main activity is: Buying and selling of own real estate. Its registered office is in Antwerpen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.666.840
Incorporation: 09/12/1993
Legal form: Public limited company
Registered office: Bosmanslei 26
2018 Antwerpen · FlandreSee on map
Contributed capital: 4 660 022,01 €
Latest accounts: 31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70203Management consultancy activities 68201Rental and operating of own or leased real estate+3

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,1 M €	+25.2%	853,1 k €	+42.7%	597,7 k €	+10.7%	540,2 k €	-17.5%	655 k €
EBITDA	759,5 k €	+0.6%	754,7 k €	+158%	292,5 k €	-5.6%	309,7 k €	-23.4%	404,3 k €
Operating result	306,9 k €	-13.0%	352,8 k €	+490%	-90,5 k €	-16.7%	-77,6 k €	-555%	17,1 k €
Net result	-347,3 k €	-1.1%	-343,6 k €	+43.2%	-605,2 k €	-89.5%	-319,4 k €	-75.0%	-182,5 k €
Balance sheet
Equity	5,8 M €	-11.4%	6,5 M €	-5.0%	6,9 M €	-8.1%	7,5 M €	+24.2%	6 M €
Total assets	26,2 M €	+2.5%	25,6 M €	+17.7%	21,7 M €	+17.7%	18,4 M €	+5.5%	17,5 M €
Cash	55,9 k €	+25.9%	44,4 k €	+1189%	3,4 k €	-96.2%	90,8 k €	+51.2%	60,1 k €
Debts	20,3 M €	+6.9%	19 M €	+28.2%	14,8 M €	+35.5%	10,9 M €	-4.4%	11,4 M €
Other
Workforce	–		–		–		–		0,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EDGICA0474.484.309Represented by Eddy Van Arwegen	Directorsince 03/07/2012
FL KWADRAAT0480.213.346Represented by Kate Lancksweerd	Directorsince 17/03/2020Managing director03/07/2012 → 2012 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gina Kegelaers	Director03/07/2012 → 2012 accounts
Guy Mertens	Director03/07/2012 → 2012 accounts
Alex Heijens	Director20/05/2011 → 2011 accounts
Ingrid Heijens	Director20/05/2011 → 2011 accounts

Other companies at this address

Bosmanslei 26 2018 Antwerpen

Company	CBE no.
BCF INDUSTRIAL● Active	1037.226.344
DC INVEST BELGIUM● Active	1024.521.126
DNE Homes● Active	0684.646.487
EDGICA● Active	0474.484.309
EDGICA BEHEER● Active	0478.654.022
FRIGAST● Active	0438.724.961
GRIMBERGEN LAND DEVELOPMENT● Active	1031.898.173
IMMO BLARENBERG● Active	0844.740.633
KONTICH REAL ESTATE● Active	0407.942.903
LAMMEKEN● Active	0427.534.230
MALINAS PROJECT● Active	0556.769.310
RESOLVE● Active	0844.784.579
RESOLVE DEVELOPMENT● Active	0745.680.174
Stichting Caroline● Active	0872.258.444
Treft● Active	0418.513.428
VAKE● Liquidation	0871.299.926
Vandenbroeck Logistics● Active	0882.572.118

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	28/08/2026	31/08/2025	28/10/2024	30/08/2023	31/08/2022	31/08/2021
General meeting	15/05/2026	10/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	10/05/2025	31/08/2025	Dutch	PDF
Micro model	31/12/2023	17/05/2024	28/10/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	31/10/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	29/10/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	30/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	01/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/10/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	02/08/2007	Dutch	PDF

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.

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EDGICA0474.484.309Represented by Eddy Van Arwegen	Directorsince 03/07/2012
FL KWADRAAT0480.213.346Represented by Kate Lancksweerd	Directorsince 17/03/2020Managing director03/07/2012 → 2012 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gina Kegelaers	Director03/07/2012 → 2012 accounts
Guy Mertens	Director03/07/2012 → 2012 accounts
Alex Heijens	Director20/05/2011 → 2011 accounts
Ingrid Heijens	Director20/05/2011 → 2011 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares09/09/2026
KAPITAAL, AANDELEN
PDF
Mandates06/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/10/2022
KAPITAAL - AANDELEN
PDF
Capital / shares10/11/2020
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/04/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/10/2014
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/09/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

EDGICA

FL KWADRAAT

Guy Mertens

Gina Kegelaers

Ingrid Heijens

Luc Heijens

Alex Heijens

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

U-PGRADE

Bosmanslei 26, 2018 Antwerp-2018Bosmanslei 30, 2018 Antwerp-2018

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Bosmanslei 26, 2018 Antwerp-2018Current	accounts 2024 → 2025	Accounts 2025 · 2026-00443628
Bosmanslei 30, 2018 Antwerp-2018	accounts 2021 → 2023	Accounts 2023 · 2024-00515984

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
U-PGRADECurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00443628

Events

2025
Annual accounts 2025-347,3 k €↓
2024
Annual accounts 2024-343,6 k €↑
2023
Annual accounts 2023-605,2 k €↓
2022
Annual accounts 2022-319,4 k €↓
2021
Annual accounts 2021-182,5 k €↓
2020
Annual accounts 202062,7 k €↑
2019
Annual accounts 2019-58,4 k €↓
2018
Annual accounts 2018136,9 k €↑
2017
Annual accounts 2017-287,3 k €↓
2016
Annual accounts 2016-122,1 k €↓
2015
Annual accounts 2015-62,3 k €↑
2014
Annual accounts 2014-99,5 k €↓
2013
Annual accounts 2013-43,5 k €↓
2012
Annual accounts 201226,1 k €↓
2011
Annual accounts 201153,1 k €↓
2010
Annual accounts 201071 k €↓
2009
Annual accounts 200971,8 k €↑
2008
Annual accounts 200861,2 k €↑
2007
Annual accounts 200751 k €↑
2006
Annual accounts 200647,7 k €
09/12/1993
IncorporationPublic limited company

U-PGRADE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events