ACTIVE

TC UPGRADE

Financial year 2024 · closed on 31/12/2024
Net result
193,1 k €
+62.6% YoY
Gross margin
2,3 k €
-79.0% YoY
Equity
931,8 k €
-0.7% YoY

What does TC UPGRADE do?

TC UPGRADE is a Public limited company incorporated in 1994. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0452.413.443
Incorporation
25/03/1994
Legal form
Public limited company
Registered office
Coupure 55
9000 Gent · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2024
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2024202320222021202020192018201720172016201520142013201220112010200920082007
Income statement
Gross margin2,3 k €10,8 k €22,4 k €7,2 k €-53,8 k €-73,7 k €-18,9 k €-6,9 k €1,2 k €13,5 k €145,5 k €149 k €452,8 k €58,5 k €42,2 k €146,8 k €-6,7 k €59,2 k €63,2 k €
EBITDA919 €9,6 k €21,3 k €6,1 k €-54,9 k €-74,7 k €-20,3 k €-8,1 k €206,4 €12,5 k €145 k €148,6 k €451,1 k €58 k €41,8 k €146,3 k €-7,2 k €58,6 k €62,5 k €
Operating result919 €9,6 k €21,3 k €6,1 k €-54,9 k €-74,7 k €-20,3 k €-8,1 k €206,4 €12,5 k €145 k €148,6 k €451,1 k €58 k €41,8 k €146,3 k €-7,2 k €58,6 k €62,5 k €
Net result193,1 k €118,8 k €100 k €105,1 k €65,5 k €120,9 k €313,7 k €-10,5 k €412,4 €13 k €102,6 k €104,7 k €302,2 k €42,3 k €30,7 k €97,9 k €-6,7 k €41 k €42,3 k €
Balance sheet
Equity931,8 k €938,7 k €939,9 k €940 k €876,9 k €876,4 k €828 k €514,3 k €865,2 k €864,8 k €851,7 k €749,1 k €644,5 k €342,2 k €299,9 k €269,2 k €171,4 k €178,1 k €137 k €
Total assets1,2 M €1,1 M €1,1 M €1,1 M €963,4 k €1,1 M €1 M €970,5 k €865,5 k €865,5 k €948,8 k €817,1 k €659,1 k €381,3 k €331,6 k €614,3 k €204,7 k €178,2 k €252,9 k €
Cash106,2 k €116,4 k €90,8 k €52,1 k €41 k €24,4 k €148 k €14,2 k €843,8 k €824,5 k €713,8 k €541,5 k €484 k €253,2 k €285,9 k €116,7 k €162,8 k €168,9 k €176,7 k €
Debts262,3 k €178,2 k €167,8 k €113,4 k €86,5 k €201,6 k €207,7 k €456,2 k €363 €726 €97 k €67,9 k €14,7 k €39,1 k €31,7 k €345,1 k €33,3 k €155,5 €115,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 16 ended

Active mandates

E.V.A. CONSULTING

Managing director · since 28 juin 2024 · until 28 juin 2030 · 0634.696.734

Represented by Sébastien Cools

Active
EFICAZ

Managing director · since 28 juin 2024 · until 28 juin 2030 · 0888.610.070

Represented by Ludy Modderie

Active
L.P.C.

Director · since 28 juin 2024 · until 28 juin 2030 · 0473.133.336

Represented by Leopold Cools

Active
VERSAVEL CONSULTING

Director · since 28 juin 2024 · until 28 juin 2030 · 0841.049.485

Represented by Philippe Versavel

Active

Ended mandates

E.V.A. CONSULTING

Managing director · since 13 juillet 2018 · until 28 juin 2024 · 0634.696.734

Represented by Sébastien Cools

Ended
EFICAZ

Managing director · since 13 juillet 2018 · until 28 juin 2024 · 0888.610.070

Represented by Ludy Modderie

Ended
L.P.C.

Director · since 13 juillet 2018 · until 28 juin 2024 · 0473.133.336

Represented by Leopold Cools

Ended
VERSAVEL CONSULTING

Director · since 13 juillet 2018 · until 28 juin 2024 · 0841.049.485

Represented by Philippe Versavel

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/07/202511/07/202427/07/202309/07/202210/07/202125/07/2020
General meeting27/06/202528/06/202423/06/202324/06/202225/06/202126/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202427/06/202510/07/2025DutchPDF
Abridged model31/12/202328/06/202411/07/2024DutchPDF
Abridged model31/12/202223/06/202327/07/2023DutchPDF
Abridged model31/12/202124/06/202209/07/2022DutchPDF
Abridged model31/12/202025/06/202110/07/2021DutchPDF
Abridged model31/12/201926/06/202025/07/2020DutchPDF
Abridged model31/12/201828/06/201912/07/2019DutchPDF
Abridged model31/12/201722/06/201828/06/2018DutchPDF
Abridged model31/03/201725/08/201726/09/2017DutchPDF
Abridged model31/03/201626/08/201606/10/2016DutchPDF
Abridged model31/03/201528/08/201522/09/2015DutchPDF
Abridged model31/03/201422/08/201408/09/2014DutchPDF
Abridged model31/03/201327/09/201323/10/2013DutchPDF
Abridged model31/03/201224/08/201216/10/2012DutchPDF
Abridged model31/03/201126/08/201131/10/2011DutchPDF
Abridged model31/03/201027/08/201004/11/2010DutchPDF
Abridged model31/03/200928/08/200928/10/2009DutchPDF
Abridged model31/03/200829/09/200824/10/2008DutchPDF
Abridged model31/03/200728/09/200724/10/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2024 · 4 active · 16 ended

Active mandates

E.V.A. CONSULTING

Managing director · since 28 juin 2024 · until 28 juin 2030 · 0634.696.734

Represented by Sébastien Cools

Active
EFICAZ

Managing director · since 28 juin 2024 · until 28 juin 2030 · 0888.610.070

Represented by Ludy Modderie

Active
L.P.C.

Director · since 28 juin 2024 · until 28 juin 2030 · 0473.133.336

Represented by Leopold Cools

Active
VERSAVEL CONSULTING

Director · since 28 juin 2024 · until 28 juin 2030 · 0841.049.485

Represented by Philippe Versavel

Active

Ended mandates

E.V.A. CONSULTING

Managing director · since 13 juillet 2018 · until 28 juin 2024 · 0634.696.734

Represented by Sébastien Cools

Ended
EFICAZ

Managing director · since 13 juillet 2018 · until 28 juin 2024 · 0888.610.070

Represented by Ludy Modderie

Ended
L.P.C.

Director · since 13 juillet 2018 · until 28 juin 2024 · 0473.133.336

Represented by Leopold Cools

Ended
VERSAVEL CONSULTING

Director · since 13 juillet 2018 · until 28 juin 2024 · 0841.049.485

Represented by Philippe Versavel

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/01/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares05/07/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares11/01/2018
    DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates17/02/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/09/2015
    MAATSCHAPPELIJKE ZETEL - 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

Timeline

  1. 2024
    Annual accounts 2024193,1 k €
  2. 2023
    Annual accounts 2023118,8 k €
  3. 2022
    Annual accounts 2022100 k €
  4. 2021
    Annual accounts 2021105,1 k €
  5. 2020
    Annual accounts 202065,5 k €
  6. 2019
    Annual accounts 2019120,9 k €
  7. 2018
    Annual accounts 2018313,7 k €
  8. 2017
    Annual accounts 2017-10,5 k €
  9. 2017
    Annual accounts 2017412,4 €
  10. 2016
    Annual accounts 201613 k €
  11. 2015
    Annual accounts 2015102,6 k €
  12. 2014
    Annual accounts 2014104,7 k €
  13. 2013
    Annual accounts 2013302,2 k €
  14. 2012
    Annual accounts 201242,3 k €
  15. 2011
    Annual accounts 201130,7 k €
  16. 2010
    Annual accounts 201097,9 k €
  17. 2009
    Annual accounts 2009-6,7 k €
  18. 2008
    Annual accounts 200841 k €
  19. 2007
    Annual accounts 200742,3 k €
  20. 25/03/1994
    IncorporationPublic limited company