NORMAL SITUATION

UPGRADE ESTATE GROUP

Financial year 2023 · closed on 31/03/2023
Net result
4,7 M €
-40.9% YoY
Gross margin
-144,4 k €
-99.9% YoY
Equity
43,5 M €
+12.1% YoY

Company — Normal situation.

What does UPGRADE ESTATE GROUP do?

UPGRADE ESTATE GROUP is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0666.960.023
Legal form
Private limited company
Contributed capital
24 082 537,51 €
Latest accounts
31/03/2023
Signals
ProfitableSolid equityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20232022
Income statement
Gross margin-144,4 k €-72,2 k €
EBITDA-145,1 k €-72,8 k €
Operating result-145,1 k €-72,8 k €
Net result4,7 M €7,9 M €
Balance sheet
Equity43,5 M €38,8 M €
Total assets86 M €120,4 M €
Cash121,8 k €13,5 k €
Debts42,5 M €81,6 M €
Governance

Board of directors

Seen on filing of 31/03/2023 · 5 active · 3 ended

Active mandates

KOSSAAT

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0438.774.946

Represented by Jan De Bondt

Active
Kurt Verweire

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0893.151.254

Represented by Kurt Verweire

Active
tweak it

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0677.600.725

Represented by Wim Wuyts

Active
Koenraad Belsack

Director · since 29 septembre 2020

Active
Nele Van Damme

Director · since 29 septembre 2020

Active

Ended mandates

KOSSAAT

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0438.774.946

Represented by Jan De Bondt

Ended
Kurt Verweire

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0893.151.254

Represented by Kurt Verweire

Ended
tweak it

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0677.600.725

Represented by Wim Wuyts

Ended
Annual accounts

Full financial information

202320222021
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202201/04/202101/10/2019
Closing of the financial year31/03/202331/03/202231/03/2021
Length of the financial year12 months12 months18 months
Filing date14/09/202313/10/202214/10/2021
General meeting12/09/202320/09/202221/09/2021
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202312/09/202314/09/2023DutchPDF
Abridged model31/03/202220/09/202213/10/2022DutchPDF
Abridged model31/03/202121/09/202114/10/2021DutchPDF
Estimate

Indicative valuation

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 31/03/2023 · 5 active · 3 ended

Active mandates

KOSSAAT

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0438.774.946

Represented by Jan De Bondt

Active
Kurt Verweire

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0893.151.254

Represented by Kurt Verweire

Active
tweak it

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0677.600.725

Represented by Wim Wuyts

Active
Koenraad Belsack

Director · since 29 septembre 2020

Active
Nele Van Damme

Director · since 29 septembre 2020

Active

Ended mandates

KOSSAAT

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0438.774.946

Represented by Jan De Bondt

Ended
Kurt Verweire

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0893.151.254

Represented by Kurt Verweire

Ended
tweak it

Director · since 07 septembre 2021 · until 07 septembre 2024 · 0677.600.725

Represented by Wim Wuyts

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring12/12/2023
    Buitengewone algemene vergadering - Fusie door overneming
    PDF
  • Restructuring19/09/2023
    VOORSTEL TOT FUSIE DOOR OVERNEMING
    PDF
  • Mandates24/12/2021
    BENOEMINGEN BESTUURDERS
    PDF
  • Other02/08/2021
    BENAMING, DIVERSEN, STATUTEN (VERTALING, COORDINATIE,
    PDF
  • Mandates09/11/2020
    BOEKJAAR, ONTSLAGEN, BENOEMINGEN, ALGEMENE
    PDF
  • Other08/09/2020
    STATUTENWIJZIGING
    PDF
  • Mandates15/01/2020
    ONTSLAG
    PDF
  • Mandates19/07/2018
    BENOEMING
    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. 2023
    Annual accounts 20234,7 M €
  2. 2022
    Annual accounts 20227,9 M €