ACTIVE

Upcore

Financial year 2025 · closed on 31/12/2025
Net result
31 k €
+357.5% YoY
Revenue
1,1 M €
Equity
106 k €
+41.3% YoY
Workforce
8,6 ETP

What does Upcore do?

Upcore is a Public limited company incorporated in 2014. Its main activity is: Computer consultancy activities. Its registered office is in Kontich. It employs on average 8,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0546.743.468
Incorporation
20/02/2014
Legal form
Public limited company
Registered office
Veldkant 35 box C
2550 Kontich · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
8,6 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Revenue1,1 M €483,4 k €472,2 k €415,4 k €217,4 k €242,7 k €423,6 k €
EBITDA70,2 k €9,4 k €20,1 k €23,6 k €-6 k €11,7 k €-2,4 k €27 k €54,9 k €90,1 k €67,4 k €
Operating result68,4 k €9,4 k €20,1 k €23,6 k €-6 k €11,7 k €-2,4 k €27 k €54,9 k €90,1 k €65,6 k €
Net result31 k €6,8 k €405,8 k €18,5 k €-6,7 k €9,4 k €-2,7 k €17 k €35,3 k €84,4 k €63,7 k €
Balance sheet
Equity106 k €75,1 k €68,3 k €232,6 k €214,1 k €220,8 k €211,4 k €214 k €54,6 k €19,3 k €9,9 k €
Total assets345,9 k €86,4 k €837,7 k €348,6 k €288,2 k €270,9 k €261,5 k €350,6 k €199,5 k €199,1 k €146,9 k €
Cash10,5 k €5 k €5 k €5 k €10 k €10 k €10,2 k €11,3 k €102,5 k €51,7 k €60,3 k €
Debts231,6 k €11,3 k €769,5 k €116 k €74,1 k €50,1 k €50,1 k €136,6 k €143,6 k €179,8 k €137 k €
Other
Workforce8,6 ETP0,3 ETP1,8 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 18 ended

Active mandates

District01

Director · since 06 décembre 2024 · until 18 mai 2029 · 0479.639.957

Represented by Koen Bruers

Active
De Cronos Groep

Director · since 26 décembre 2023 · until 18 mai 2029 · 0467.132.994

Represented by Dirk Deroost

Active
HYPERION GROUP

Director · since 26 décembre 2023 · until 18 mai 2029 · 0675.561.448

Represented by Marc Verlinde

Active
Josephus De Wit

Director · since 26 décembre 2023 · until 18 mai 2029

Active

Ended mandates

De Cronos Groep

Director · since 20 juillet 2018 · 0467.132.994

Represented by Dirk Deroost

Ended
De Cronos Groep

Manager · since 20 juillet 2018 · 0467.132.994

Represented by Dirk Deroost

Ended
Dirk Deroost

Manager · since 20 juillet 2018

Ended
HYPERION GROUP

Director · since 20 juillet 2018 · 0675.561.448

Represented by Marc Verlinde

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202626/08/202511/07/202401/09/202304/08/202212/07/2021
General meeting24/06/202631/07/202517/05/202419/05/202317/06/202221/05/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/06/202627/07/2026DutchPDF
Abridged model31/12/202431/07/202526/08/2025DutchPDF
Abridged model31/12/202317/05/202411/07/2024DutchPDF
Abridged model31/12/202219/05/202301/09/2023DutchPDF
Abridged model31/12/202117/06/202204/08/2022DutchPDF
Abridged model31/12/202021/05/202112/07/2021DutchPDF
Full model31/12/201915/05/202013/07/2020DutchPDF
Full model31/12/201817/05/201920/06/2019DutchPDF
Micro model31/12/201730/06/201831/07/2018DutchPDF
Micro model31/12/201630/06/201728/07/2017DutchPDF
Abridged model31/12/201530/06/201631/08/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 4 active · 18 ended

Active mandates

District01

Director · since 06 décembre 2024 · until 18 mai 2029 · 0479.639.957

Represented by Koen Bruers

Active
De Cronos Groep

Director · since 26 décembre 2023 · until 18 mai 2029 · 0467.132.994

Represented by Dirk Deroost

Active
HYPERION GROUP

Director · since 26 décembre 2023 · until 18 mai 2029 · 0675.561.448

Represented by Marc Verlinde

Active
Josephus De Wit

Director · since 26 décembre 2023 · until 18 mai 2029

Active

Ended mandates

De Cronos Groep

Director · since 20 juillet 2018 · 0467.132.994

Represented by Dirk Deroost

Ended
De Cronos Groep

Manager · since 20 juillet 2018 · 0467.132.994

Represented by Dirk Deroost

Ended
Dirk Deroost

Manager · since 20 juillet 2018

Ended
HYPERION GROUP

Director · since 20 juillet 2018 · 0675.561.448

Represented by Marc Verlinde

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/12/2020
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates08/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/03/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares11/10/2018
    BENAMING - KAPITAAL - AANDELEN
    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 202531 k €
  2. 2024
    Annual accounts 20246,8 k €
  3. 2024
    Name changeUpcore
  4. 2023
    Annual accounts 2023405,8 k €
  5. 2022
    Annual accounts 202218,5 k €
  6. 2021
    Annual accounts 2021-6,7 k €
  7. 2021
    Name changeHomeland Group
  8. 2020
    Annual accounts 20209,4 k €
  9. 2019
    Annual accounts 2019-2,7 k €
  10. 2018
    Annual accounts 201817 k €
  11. 2017
    Annual accounts 201735,3 k €
  12. 2016
    Annual accounts 201684,4 k €
  13. 2015
    Annual accounts 201563,7 k €
  14. 20/02/2014
    IncorporationPublic limited company