ACTIVE

UPDATE ORTHOPAEDICS

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Financial year 2024 · closed on 31/12/2024

Net result

61,7 k €

+14.7% YoY

Gross margin

120,2 k €

+29.7% YoY

Equity

348,1 k €

+0.5% YoY

What does UPDATE ORTHOPAEDICS do?

UPDATE ORTHOPAEDICS is a Private limited company incorporated in 1994. Its main activity is: Retail sale of medical and orthopaedic goods in specialised stores. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.484.797

Incorporation

23/09/1994

Legal form

Private limited company

Registered office

Nelemeersstraat 72
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

62 500,01 €

Latest accounts

31/12/2024

Activities (NACE)

47740Retail sale of medical and orthopaedic goods in specialised stores· main 47741Retail sale of medical and orthopaedic goods in specialised stores 52320Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	120,2 k €	+29.7%	92,7 k €	-20.3%	116,3 k €	-1.3%	117,7 k €	-20.0%	147,1 k €	+28.0%	115 k €	+23.5%	93,1 k €	-9.7%	103,1 k €	-9.3%	113,7 k €	-9.1%	125 k €	+17.7%	106,3 k €	-21.2%	134,9 k €	-1.0%	136,2 k €	+108%	65,5 k €	-28.0%	90,9 k €	+43.1%	63,5 k €	-26.6%	86,6 k €	+63.8%	52,9 k €	+214%	16,8 k €
EBITDA	112 k €	+34.6%	83,2 k €	-22.8%	107,8 k €	-1.7%	109,7 k €	-21.6%	139,8 k €	+29.5%	108 k €	+26.9%	85,1 k €	-11.8%	96,5 k €	-7.2%	104 k €	-12.2%	118,5 k €	+21.6%	97,4 k €	-23.8%	127,8 k €	+1.4%	126,1 k €	+131%	54,6 k €	-33.6%	82,3 k €	+62.4%	50,7 k €	-36.7%	80,1 k €	+69.5%	47,2 k €	+422%	9 k €
Operating result	94,3 k €	+88.4%	50,1 k €	+11.8%	44,8 k €	-19.4%	55,6 k €	-46.0%	103 k €	+46.3%	70,4 k €	+180%	25,2 k €	-43.7%	44,7 k €	-10.6%	50 k €	-12.2%	57 k €	+44.2%	39,5 k €	-57.0%	92 k €	+0.8%	91,2 k €	+317%	21,9 k €	-29.6%	31,1 k €	+299%	-15,7 k €	-197%	16,1 k €	+207%	-15 k €	+72.1%	-53,8 k €
Net result	61,7 k €	+14.7%	53,7 k €	+205%	17,6 k €	-47.7%	33,7 k €	-57.3%	78,9 k €	+89.4%	41,7 k €	+184%	14,7 k €	-19.9%	18,3 k €	-10.5%	20,5 k €	+230%	-15,7 k €	-141%	37,9 k €	-46.0%	70,3 k €	+46.7%	47,9 k €	+86.0%	25,8 k €	+214%	8,2 k €	+121%	-39,1 k €	-288%	-10,1 k €	+70.2%	-33,9 k €	-85.5%	-18,3 k €
Balance sheet
Equity	348,1 k €	+0.5%	346,4 k €	-1.8%	352,7 k €	-9.6%	390,1 k €	+1.0%	386,4 k €	+5.1%	367,5 k €	-4.8%	385,9 k €	-2.6%	396,2 k €	-7.4%	427,9 k €	+5.0%	407,4 k €	-3.7%	423,1 k €	+9.9%	385,2 k €	+22.3%	314,8 k €	+18.0%	266,9 k €	+10.7%	241,1 k €	+3.5%	232,9 k €	-14.4%	272,1 k €	-3.6%	282,2 k €	-10.7%	316 k €
Total assets	507 k €	+17.9%	430,1 k €	-10.2%	478,8 k €	-12.0%	544,4 k €	+27.3%	427,7 k €	-0.4%	429,6 k €	-13.1%	494,1 k €	-3.0%	509,3 k €	-3.0%	524,9 k €	-11.2%	591,1 k €	-12.4%	674,9 k €	+10.1%	613,1 k €	-1.7%	623,4 k €	+2.6%	607,8 k €	-6.5%	650,1 k €	-3.1%	670,9 k €	+10.3%	608,5 k €	-18.5%	746,5 k €	-15.5%	883,6 k €
Cash	45,6 k €	-43.6%	80,9 k €	-47.4%	153,8 k €	+10.1%	139,7 k €	+17.8%	118,5 k €	+78.2%	66,5 k €	-12.9%	76,3 k €	+4.1%	73,3 k €	+51.9%	48,3 k €	-43.1%	84,8 k €	+35.9%	62,4 k €	+37.3%	45,5 k €	+93.3%	23,5 k €	+45.4%	16,2 k €	-43.2%	28,5 k €	-2.7%	29,3 k €	+719%	3,6 k €	-82.5%	20,4 k €	+13.1%	18,1 k €
Debts	158,9 k €	+90.0%	83,6 k €	-33.7%	126,1 k €	-18.2%	154,2 k €	+274%	41,3 k €	-33.5%	62,1 k €	-42.7%	108,3 k €	-4.3%	113,1 k €	+18.3%	95,6 k €	-47.0%	180,6 k €	-28.3%	251,8 k €	+10.5%	227,9 k €	-23.2%	296,6 k €	-9.6%	327,9 k €	-19.8%	409 k €	-5.5%	432,6 k €	+28.6%	336,4 k €	-27.5%	464,3 k €	-16.4%	555 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 10 ended

Active mandates

Arnaud VERSCHUERE

Director · since 23 décembre 2023

Active

Koen VERSCHUERE

Director · since 22 décembre 2023

Active

Ended mandates

Benedicte LAUREYS

Manager · since 23 décembre 2009

Ended

Koen VERSCHUERE

Manager · since 23 décembre 2009

Ended

Koen VESRCHUERE

Manager · since 23 décembre 2009

Ended

Benedicte LAUREYS

Director · since 25 mai 2006 · until 25 mai 2012

Ended

At this address

Other companies at this address

Company	CBE no.
UPDATE ORTHOPAEDICS ASSOCIATES● Active	0476.874.269

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/08/2025	26/08/2024	29/08/2023	09/08/2022	26/08/2021	29/10/2020
General meeting	29/05/2025	30/05/2024	30/06/2023	27/05/2022	27/05/2021	28/05/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	29/05/2025	23/08/2025	Dutch	PDF
Micro model	31/12/2023	30/05/2024	26/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	09/08/2022	Dutch	PDF
Micro model	31/12/2020	27/05/2021	26/08/2021	Dutch	PDF
Micro model	31/12/2019	28/05/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	20/09/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	17/09/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	25/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	11/07/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	30/06/2011	11/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	11/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 2 active · 10 ended

Active mandates

Arnaud VERSCHUERE

Director · since 23 décembre 2023

Active

Koen VERSCHUERE

Director · since 22 décembre 2023

Active

Ended mandates

Benedicte LAUREYS

Manager · since 23 décembre 2009

Ended

Koen VERSCHUERE

Manager · since 23 décembre 2009

Ended

Koen VESRCHUERE

Manager · since 23 décembre 2009

Ended

Benedicte LAUREYS

Director · since 25 mai 2006 · until 25 mai 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates20/11/2006
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

2024
Annual accounts 202461,7 k €↑
2023
Annual accounts 202353,7 k €↑
2022
Annual accounts 202217,6 k €↓
2021
Annual accounts 202133,7 k €↓
2020
Annual accounts 202078,9 k €↑
2019
Annual accounts 201941,7 k €↑
2018
Annual accounts 201814,7 k €↓
2017
Annual accounts 201718,3 k €↓
2016
Annual accounts 201620,5 k €↑
2015
Annual accounts 2015-15,7 k €↓
2014
Annual accounts 201437,9 k €↓
2013
Annual accounts 201370,3 k €↑
2012
Annual accounts 201247,9 k €↑
2011
Annual accounts 201125,8 k €↑
2010
Annual accounts 20108,2 k €↑
2009
Annual accounts 2009-39,1 k €↓
2008
Annual accounts 2008-10,1 k €↑
2007
Annual accounts 2007-33,9 k €↓
2006
Annual accounts 2006-18,3 k €
23/09/1994
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

UPDATE ORTHOPAEDICS

Overview

What does UPDATE ORTHOPAEDICS do?

Trend over 19 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