Upthrust
0628.496.751 · rovalta.com · 21/09/2026
ACTIVE
Upthrust
Financial year 2025 · closed on 31/12/2025
Net result
-4,7 M €
-174.0% YoY
Revenue
6,1 M €
-48.3% YoY
Equity
3,3 M €
-59.0% YoY
Workforce
20,0 ETP
-44.4% YoY
Overview
What does Upthrust do?
Upthrust is a Private limited company incorporated in 2015. Its main activity is: Public relations and communication activities. Its registered office is in Antwerpen. It employs on average 20,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0628.496.751
Incorporation
10/04/2015
Legal form
Private limited company
Registered office
Frans Buyensstraat 9 box 1
2000 Antwerpen · FlandreSee on map
2000 Antwerpen · FlandreSee on map
Contributed capital
7 930 839,25 €
Latest accounts
31/12/2025
Average workforce
20,0 ETP
Activities (NACE)
Joint committees (1)
- 200
Signals
Healthy social debtsHigh revenue
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Financials
Trend over 10 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||
| Revenue | 6,1 M € | -48.3% | 11,8 M € | -10.9% | 13,2 M € | -10.9% | 14,8 M € | +32.9% | 11,2 M € | +58.7% | 7,0 M € | +107% | 3,4 M € | – | – | – | |||
| EBITDA | -106,3 k € | -105% | 2,2 M € | +730% | -349,5 k € | -180% | 439,3 k € | -72.4% | 1,6 M € | +37.5% | 1,2 M € | +202% | 382,8 k € | +389% | 78,4 k € | +68.1% | 46,6 k € | +16900% | -277,5 € |
| Operating result | -559,0 k € | -132% | 1,7 M € | +296% | -879,0 k € | -407% | 286,6 k € | -80.1% | 1,4 M € | +36.9% | 1,1 M € | +250% | 300,8 k € | +1586% | 17,8 k € | -47.9% | 34,3 k € | +718% | -5,5 k € |
| Net result | -4,7 M € | -174% | 6,3 M € | +297% | -3,2 M € | -368% | 1,2 M € | +61.3% | 740,3 k € | +44.1% | 513,7 k € | +230% | 155,8 k € | +5999% | 2,6 k € | +101% | -201,7 k € | -3656% | -5,4 k € |
| Balance sheet | |||||||||||||||||||
| Equity | 3,3 M € | -59.0% | 7,9 M € | +11.8% | 7,1 M € | -31.1% | 10,3 M € | +13.1% | 9,1 M € | +8.6% | 8,4 M € | +6.3% | 7,9 M € | +10917% | 71,5 k € | +3.7% | 69,0 k € | -64.6% | 194,6 k € |
| Total assets | 53,6 M € | -7.3% | 57,8 M € | +7.0% | 54,0 M € | +0.8% | 53,6 M € | +63.7% | 32,7 M € | +41.6% | 23,1 M € | +16.3% | 19,9 M € | +1723% | 1,1 M € | +73.4% | 628,2 k € | +157% | 244,7 k € |
| Cash | 5,3 M € | -16.2% | 6,3 M € | +646% | 846,1 k € | -7.1% | 911,0 k € | +380% | 189,9 k € | -45.0% | 345,0 k € | +58.9% | 217,2 k € | +831% | 23,3 k € | +364% | 5,0 k € | +217% | 1,6 k € |
| Debts | 49,8 M € | +1.0% | 49,3 M € | +7.2% | 46,0 M € | +7.1% | 43,0 M € | +82.8% | 23,5 M € | +60.6% | 14,6 M € | +22.7% | 11,9 M € | +1113% | 983,0 k € | +76.1% | 558,2 k € | +1014% | 50,1 k € |
| Other | |||||||||||||||||||
| Workforce | 20,0 ETP | -44.4% | 36,0 ETP | -12.0% | 40,9 ETP | +0.2% | 40,8 ETP | +37.8% | 29,6 ETP | +51.0% | 19,6 ETP | +66.1% | 11,8 ETP | +237% | 3,5 ETP | – | – | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 9 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Immo Scheldehof● Active | 0518.903.478 |
IMMO SCHELDEHOF II● Active | 0523.975.093 |
Kilfrost Europe● Active | 0713.774.302 |
SOLVENTIS● Active | 0478.290.568 |
Solventis Europe● Active | 0713.774.696 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 09/06/2026 | 25/06/2025 | 20/06/2024 | 28/12/2023 | 27/09/2022 | 29/07/2021 |
| General meeting | 29/05/2026 | 30/05/2025 | 31/05/2024 | 07/07/2023 | 27/05/2022 | 28/05/2021 |
| 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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Annual accounts filings
12 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 29/05/2026 | 09/06/2026 | Dutch | |
| Full model | 31/12/2024 | 30/05/2025 | 25/06/2025 | Dutch | |
| Full model | 31/12/2023 | 31/05/2024 | 20/06/2024 | Dutch | |
| Full modelCorrection | 31/12/2022 | 07/07/2023 | 28/12/2023 | Dutch | |
| Full model | 31/12/2022 | 07/07/2023 | 18/07/2023 | Dutch | |
| Full modelCorrection | 31/12/2021 | 27/05/2022 | 27/09/2022 | Dutch | |
| Full model | 31/12/2021 | 27/05/2022 | 30/06/2022 | Dutch | |
| Full model | 31/12/2020 | 28/05/2021 | 29/07/2021 | Dutch | |
| Full model | 31/12/2019 | 29/05/2020 | 27/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 31/05/2019 | 05/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 25/05/2018 | 06/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 26/05/2017 | 28/07/2017 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 9 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates05/09/2025ONTSLAGEN - BENOEMINGEN
- Mandates29/08/2025MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates28/03/2024ONTSLAGEN - BENOEMINGEN
- Mandates13/03/2024ONTSLAGEN - BENOEMINGEN
- Mandates27/11/2023ONTSLAGEN - BENOEMINGEN
- Restructuring12/09/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring16/06/2023RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates08/05/2023ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-4,7 M €↓
- 27/06/2025nominationAugmenta Consulting BV — bestuurder
- 30/05/2025reconductionForvis Mazars Bedrijfsrevisoren — commissaris
- 2024Annual accounts 20246,3 M €↑
- 31/01/2024nominationDignify Consulting BV — bestuurder
- 2023Annual accounts 2023-3,2 M €↓
- 02/08/2023split
- 2022Annual accounts 20221,2 M €↑
- 05/12/2022nominationEmanuel Nuyts — bestuurder (vaste vertegenwoordiger van Ediforce BV)
- 27/05/2022nominationMazars Bedrijfsrevisoren — Réviseurs d'Entreprises BV — commissaris
- 2021Annual accounts 2021740,3 k €↑
- 2020Annual accounts 2020513,7 k €↑
- 2019Annual accounts 2019155,8 k €↑
- 2018Annual accounts 20182,6 k €↑
- 2017Annual accounts 2017-201,7 k €↓
- 2016Annual accounts 2016-5,4 k €
- 10/04/2015IncorporationPrivate limited company