ACTIVE

UPscale

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Financial year 2025 · closed on 31/03/2025
Net result
2 M €
-60.8% YoY
Gross margin
3,6 M €
-57.7% YoY
Equity
75,6 M €
+0.7% YoY
Workforce
0,0 ETP

What does UPscale do?

UPscale is a Private limited company incorporated in 2014. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0544.749.822
Incorporation
27/01/2014
Legal form
Private limited company
Registered office
Amelia Earhartlaan 2 box 201
9051 Gent · FlandreSee on map
Contributed capital
18 578 142,83 €
Latest accounts
31/03/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202020192018
Income statement
Gross margin3,6 M €8,4 M €5,1 M €5,8 M €-76,9 k €-73,6 k €5,2 M €
EBITDA3,6 M €8,4 M €5,1 M €5,8 M €-77,6 k €-74,2 k €5,2 M €
Operating result3,6 M €8,4 M €5,1 M €5,8 M €-77,6 k €-74,2 k €5,2 M €
Net result2 M €5,2 M €4,5 M €9,4 M €34,8 M €10,7 M €5,3 M €
Balance sheet
Equity75,6 M €75 M €74,7 M €74,7 M €67,1 M €68,2 M €60 M €
Total assets171,2 M €135,9 M €198,9 M €205 M €90 M €109,5 M €62,3 M €
Cash1,2 M €481 k €6,9 M €70,6 k €28,2 k €174,3 k €2,5 M €
Debts95,6 M €60,9 M €124,1 M €130,2 M €22,9 M €41,3 M €2,3 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 10 ended

Active mandates

Koenraad Belsack

Director · since 29 juin 2021

Active
Nele Van Damme

Director · since 29 juin 2021

Active

Ended mandates

421 Concepts

Mandate · since 27 mars 2018 · 0823.359.952

Represented by Nils Vanhauwaert

Ended
421 Concepts

Director · since 27 mars 2018 · until 29 juin 2021 · 0823.359.952

Represented by Nils Vanhauwaert

Ended
421 Concepts

Director · since 27 mars 2018 · 0823.359.952

Represented by Nils Vanhauwaert

Ended
Nelstein

Director · since 27 mars 2018 · until 29 juin 2021 · 0636.810.047

Represented by Nele Van Damme

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/10/202516/09/202425/09/202313/10/202205/10/202125/11/2020
General meeting13/09/202514/09/202409/09/202310/09/202211/09/202112/11/2020
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202513/09/202508/10/2025DutchPDF
Abridged model31/03/202414/09/202416/09/2024DutchPDF
Abridged model31/03/202309/09/202325/09/2023DutchPDF
Abridged model31/03/202210/09/202213/10/2022DutchPDF
Abridged model31/03/202111/09/202105/10/2021DutchPDF
Abridged model31/03/202012/11/202025/11/2020DutchPDF
Abridged model31/03/201930/09/201930/10/2019DutchPDF
Abridged model31/03/201808/09/201831/10/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/03/2025 · 2 active · 10 ended

Active mandates

Koenraad Belsack

Director · since 29 juin 2021

Active
Nele Van Damme

Director · since 29 juin 2021

Active

Ended mandates

421 Concepts

Mandate · since 27 mars 2018 · 0823.359.952

Represented by Nils Vanhauwaert

Ended
421 Concepts

Director · since 27 mars 2018 · until 29 juin 2021 · 0823.359.952

Represented by Nils Vanhauwaert

Ended
421 Concepts

Director · since 27 mars 2018 · 0823.359.952

Represented by Nils Vanhauwaert

Ended
Nelstein

Director · since 27 mars 2018 · until 29 juin 2021 · 0636.810.047

Represented by Nele Van Damme

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office25/04/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/08/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring26/04/2018
    BENAMING - MAATSCHAPPELIJKE ZETEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring01/12/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates24/03/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares03/03/2014
    KAPITAAL - AANDELEN
    PDF
  • Other05/02/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2025
    Annual accounts 20252 M €↓
  2. 2024
    Annual accounts 20245,2 M €↑
  3. 2023
    Annual accounts 20234,5 M €↓
  4. 2022
    Annual accounts 20229,4 M €↓
  5. 2020
    Annual accounts 202034,8 M €↑
  6. 2019
    Annual accounts 201910,7 M €↑
  7. 2018
    Annual accounts 20185,3 M €
  8. 27/01/2014
    IncorporationPrivate limited company