ACTIVE

UPSILON PROCESS

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Financial year 2025 · closed on 31/03/2025
Net result
35,1 k €
+636.2% YoY
Gross margin
841,2 k €
+40.7% YoY
Equity
51,6 k €
-34.3% YoY

What does UPSILON PROCESS do?

UPSILON PROCESS is a Private limited company incorporated in 2017. Its main activity is: Manufacture of central heating radiators and boilers. Its registered office is in Wavre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0672.693.416
Incorporation
15/03/2017
Legal form
Private limited company
Registered office
Boulevard de l'Europe 131 box A24
1300 Wavre · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/03/2025
Activities (NACE)
25210Manufacture of central heating radiators and boilers· main25300Manufacture of steam generators, except central heating hot water boilers70200Management consultancy activities70220Business and other management consultancy activities47730Dispensing chemist in specialised stores47730Dispensing chemist in specialised stores+2
Joint committees (2)
  • 111
  • 209
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin841,2 k €597,9 k €475,9 k €315,6 k €53,2 k €19,1 k €26,4 k €24,9 k €
EBITDA143,6 k €89,5 k €94,2 k €88,7 k €10,5 k €17,3 k €25,7 k €23,5 k €
Operating result84,2 k €22,5 k €37,3 k €55,3 k €6,9 k €15,0 k €23,4 k €21,7 k €
Net result35,1 k €4,8 k €22,4 k €37,8 k €167,0 €10,3 k €17,5 k €15,4 k €
Balance sheet
Equity51,6 k €78,5 k €81,8 k €79,5 k €60,5 k €60,3 k €37,6 k €20,1 k €
Total assets479,2 k €661,8 k €808,5 k €400,5 k €129,9 k €96,9 k €66,0 k €47,2 k €
Cash58,3 k €13,1 k €32,7 k €32,0 €41,3 k €71,7 k €38,7 k €17,3 k €
Debts427,6 k €583,2 k €726,7 k €321,0 k €69,4 k €36,6 k €28,4 k €27,1 k €
Other
Workforce–––4,1 ETP0,6 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 31/03/2025 · 1 active · 3 ended

Active mandates

Ulysse Borrini

Director · since 15 mars 2017

Active

Ended mandates

Ulysse Jean Borrini

Director · since 15 mars 2017

Ended
Ulysse Jean Borrini

Manager · since 15 mars 2017

Ended
ULYSSE BORRINI

Manager

Ended
At this address

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0456.976.304
MERCHIFY STUDIO● Active
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ORIZ BRUSSELS● Active
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POLDAK● Active
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SOLUTION ENERGIE BELGIQUE● Active
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SOLUTION INVEST WAVRE● Active
0778.978.690
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro 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 date31/10/202514/11/202409/11/202301/11/202202/11/202116/11/2020
General meeting24/09/202525/09/202427/09/202328/09/202229/09/202130/09/2020
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
Micro model31/03/202524/09/202531/10/2025FrenchPDF
Micro model31/03/202425/09/202414/11/2024FrenchPDF
Micro model31/03/202327/09/202309/11/2023FrenchPDF
Abridged model31/03/202228/09/202201/11/2022FrenchPDF
Abridged model31/03/202129/09/202102/11/2021FrenchPDF
Abridged model31/03/202030/09/202016/11/2020FrenchPDF
Abridged model31/03/201925/09/201915/06/2020FrenchPDF
Micro model31/03/201825/09/201830/11/2018FrenchPDF
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 31/03/2025 · 1 active · 3 ended

Active mandates

Ulysse Borrini

Director · since 15 mars 2017

Active

Ended mandates

Ulysse Jean Borrini

Director · since 15 mars 2017

Ended
Ulysse Jean Borrini

Manager · since 15 mars 2017

Ended
ULYSSE BORRINI

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/10/2023
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other17/03/2017
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202535,1 k €↑
  2. 2024
    Annual accounts 20244,8 k €↓
  3. 2023
    Annual accounts 202322,4 k €↓
  4. 2022
    Annual accounts 202237,8 k €↑
  5. 2021
    Annual accounts 2021167,0 €↓
  6. 2020
    Annual accounts 202010,3 k €↓
  7. 2019
    Annual accounts 201917,5 k €↑
  8. 2018
    Annual accounts 201815,4 k €
  9. 15/03/2017
    IncorporationPrivate limited company