ACTIVE

UPCOM

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Financial year 2025 · closed on 31/12/2025

Net result

12,2 k €

-18.0% YoY

Revenue

324,2 k €

+12.9% YoY

Equity

84,6 k €

-62.0% YoY

Workforce

4,2 ETP

+50.0% YoY

What does UPCOM do?

UPCOM is a Private company with limited liability incorporated in 1997. Its main activity is: Computer programming activities. Its registered office is in Etterbeek. It employs on average 4,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.714.168

Incorporation

23/05/1997

Legal form

Private company with limited liability

Registered office

Boulevard Louis Schmidt 16
1040 Etterbeek · BruxellesSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

4,2 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	324,2 k €	+12.9%	287,2 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	78,6 k €	-4.0%	81,9 k €	+17.1%	69,9 k €	-23.4%	91,3 k €	+349%	20,3 k €	-73.5%	76,8 k €	+70.5%	45,1 k €	-3.6%	46,7 k €	+103%	23 k €	-43.1%	40,5 k €	-30.7%	58,5 k €	-13.8%	67,9 k €	+17.7%	57,7 k €	+393%	11,7 k €	-12.7%	13,4 k €	-41.0%	22,7 k €	-2.2%	23,2 k €	+703%	2,9 k €	+132%	-8,9 k €
Operating result	22,3 k €	-18.6%	27,4 k €	+42.7%	19,2 k €	-56.9%	44,5 k €	+150%	17,8 k €	-76.5%	75,9 k €	+517%	12,3 k €	-8.7%	13,5 k €	+223%	-10,9 k €	-3091%	-342 €	-101%	25,3 k €	-62.8%	67,9 k €	+17.7%	57,7 k €	+401%	11,5 k €	-12.8%	13,2 k €	-39.2%	21,7 k €	-6.4%	23,2 k €	+882%	2,4 k €	+124%	-9,8 k €
Net result	12,2 k €	-18.0%	14,9 k €	-21.3%	18,9 k €	-55.2%	42,2 k €	+177%	15,2 k €	-73.4%	57,2 k €	+1983%	2,7 k €	-75.2%	11,1 k €	+161%	-18,2 k €	-288%	9,7 k €	-25.3%	13 k €	-71.0%	44,7 k €	+11.1%	40,3 k €	+253%	11,4 k €	-10.1%	12,7 k €	-30.9%	18,3 k €	+1.0%	18,2 k €	+519%	2,9 k €	+133%	-8,9 k €
Balance sheet
Equity	84,6 k €	-62.0%	222,4 k €	+7.2%	207,5 k €	+10.0%	188,6 k €	+28.8%	146,4 k €	-36.7%	231,2 k €	+32.9%	173,9 k €	+1.6%	171,2 k €	+6.9%	160,1 k €	-10.2%	178,4 k €	+5.7%	168,7 k €	+8.3%	155,7 k €	+40.3%	111 k €	+56.9%	70,7 k €	+19.2%	59,3 k €	+27.2%	46,7 k €	+64.8%	28,3 k €	+179%	10,1 k €	+40.8%	7,2 k €
Total assets	571,6 k €	+58.9%	359,8 k €	-28.5%	503,2 k €	-9.9%	558,7 k €	-0.3%	560,5 k €	+45.8%	384,5 k €	+33.3%	288,4 k €	-55.0%	641,4 k €	-28.8%	901,1 k €	-18.0%	1,1 M €	+123%	492,8 k €	+20.8%	408 k €	-16.5%	488,9 k €	+99.4%	245,1 k €	+112%	115,4 k €	+44.4%	79,9 k €	-21.1%	101,3 k €	+329%	23,6 k €	-11.7%	26,7 k €
Cash	2 k €	-93.5%	30,4 k €	-66.9%	91,9 k €	+349%	20,5 k €	-87.5%	164,2 k €	+81.0%	90,7 k €	+5571%	1,6 k €		–		9 k €	-93.8%	144,4 k €	+244%	42 k €	-53.2%	89,6 k €	+206%	29,2 k €	+109%	14 k €	+549%	2,2 k €	-54.3%	4,7 k €	-57.8%	11,1 k €	+81.7%	6,1 k €	+8782%	69 €
Debts	180,6 k €	+85.2%	97,6 k €	-49.7%	193,9 k €	+35.7%	142,9 k €	-65.1%	409,6 k €	+175%	148,8 k €	+216%	47,1 k €	-85.6%	328,2 k €	-23.5%	428,9 k €	+562%	64,8 k €	-40.0%	107,9 k €	-56.6%	248,5 k €	-33.6%	374,1 k €	+121%	169,3 k €	+219%	53,1 k €	+278%	14 k €	-80.0%	70,1 k €	+420%	13,5 k €	-31.0%	19,5 k €
Other
Workforce	4,2 ETP	+50.0%	2,8 ETP	+21.7%	2,3 ETP		–		–		–		–		–		–		–		3,0 ETP	0.0%	3,0 ETP	+150%	1,2 ETP		–		–		–		0,5 ETP		–		–

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 31/12/2025 · 1 active · 4 ended

Active mandates

Kostas Flokos

Director

Active

Ended mandates

Konstantinos Flokos

Manager · since 20 mai 1997

Ended

Konstantinos Flokos

Director

Ended

Konstantinos Flokos

Manager

Ended

Kostas Flokos

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
B.C.L. fiducia● Active	0458.569.280
euCONSENT● Active	0800.678.976
SpecIT● Active	0763.836.101

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged 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	20/08/2026	07/10/2025	07/10/2024	16/10/2023	26/10/2022	27/10/2021
General meeting	08/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	14/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/06/2026	20/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	07/10/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	07/10/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	16/10/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	26/10/2022	Dutch	PDF
Micro model	31/12/2020	14/06/2021	27/10/2021	Dutch	PDF
Micro model	31/12/2019	08/06/2020	01/12/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	25/09/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	01/10/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	21/12/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	09/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	11/12/2014	12/12/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2011	16/04/2013	18/04/2013	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	29/09/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	15/10/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	13/10/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	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 31/12/2025 · 1 active · 4 ended

Active mandates

Kostas Flokos

Director

Active

Ended mandates

Konstantinos Flokos

Manager · since 20 mai 1997

Ended

Konstantinos Flokos

Director

Ended

Konstantinos Flokos

Manager

Ended

Kostas Flokos

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202512,2 k €↓
2024
Annual accounts 202414,9 k €↓
2023
Annual accounts 202318,9 k €↓
2022
Annual accounts 202242,2 k €↑
2021
Annual accounts 202115,2 k €↓
2020
Annual accounts 202057,2 k €↑
2019
Annual accounts 20192,7 k €↓
2018
Annual accounts 201811,1 k €↑
2017
Annual accounts 2017-18,2 k €↓
2016
Annual accounts 20169,7 k €↓
2015
Annual accounts 201513 k €↓
2014
Annual accounts 201444,7 k €↑
2013
Annual accounts 201340,3 k €↑
2012
Annual accounts 201211,4 k €↓
2011
Annual accounts 201112,7 k €↓
2010
Annual accounts 201018,3 k €↑
2009
Annual accounts 200918,2 k €↑
2008
Annual accounts 20082,9 k €↑
2007
Annual accounts 2007-8,9 k €
23/05/1997
IncorporationPrivate company with limited liability

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

UPCOM

Overview

What does UPCOM 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

Similar companies

Similar companies

Timeline