ACTIVE

UPGRADE CONCEPT

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Financial year 2024 · closed on 31/12/2024

Net result

23,8 k €

+1235.1% YoY

Gross margin

110,8 k €

-22.0% YoY

Equity

72,7 k €

-19.7% YoY

What does UPGRADE CONCEPT do?

UPGRADE CONCEPT is a Private limited company incorporated in 2008. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.053.163

Incorporation

13/10/2008

Legal form

Private limited company

Registered office

Avenue Van Volxem 248
1190 Forest · BruxellesSee on map

Contributed capital

1,00 €

Latest accounts

31/12/2024

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43995Other specialised construction activities n.e.c.43341Painting and glazing 43341Painting and glazing 74105Specialised design activities 74140Specialised design activities

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	110,8 k €	-22.0%	142 k €	+33.2%	106,6 k €	-13.5%	123,3 k €	-2.9%	126,9 k €	-3.8%	131,9 k €	+68.6%	78,2 k €	-56.6%	180,3 k €	+44.3%	125 k €	+3.2%	121,1 k €	+89.2%	64 k €	-15.5%	75,7 k €	+82.5%	41,5 k €	+13.1%	36,7 k €	+28.6%	28,5 k €	+105%	13,9 k €
EBITDA	96,7 k €	-2.5%	99,2 k €	-1.6%	100,8 k €	-15.0%	118,6 k €	+2.1%	116,2 k €	-4.1%	121,1 k €	+85.3%	65,3 k €	-62.3%	173,4 k €	+50.6%	115,2 k €	+22.0%	94,4 k €	+55.7%	60,6 k €	-9.2%	66,8 k €	+105%	32,6 k €	+0.7%	32,4 k €	+41.9%	22,8 k €	+73.5%	13,2 k €
Operating result	58,3 k €	+78.1%	32,8 k €	-1.0%	33,1 k €	-10.1%	36,8 k €	+4.3%	35,3 k €	-12.1%	40,2 k €	+141%	16,7 k €	-87.4%	131,6 k €	+384%	27,2 k €	-57.5%	63,9 k €	-2.4%	65,5 k €	+56.7%	41,8 k €	+433%	7,8 k €	-48.4%	15,2 k €	+8.6%	14 k €	+15.3%	12,1 k €
Net result	23,8 k €	+1235%	1,8 k €	-69.6%	5,9 k €	-33.4%	8,8 k €	+16.4%	7,6 k €	-32.0%	11,1 k €	+8970%	122,8 €	-99.9%	98,8 k €	+844%	10,5 k €	-72.3%	37,8 k €	+5.6%	35,8 k €	+108%	17,3 k €	+1374%	1,2 k €	-81.2%	6,2 k €	-43.6%	11 k €	+34.9%	8,2 k €
Balance sheet
Equity	72,7 k €	-19.7%	90,5 k €	+2.0%	88,7 k €	+7.1%	82,8 k €	+11.9%	74 k €	+11.4%	66,4 k €	-5.5%	70,3 k €	+0.2%	70,2 k €	+228%	21,4 k €	-6.7%	22,9 k €	-12.5%	26,2 k €	-13.8%	30,4 k €	-32.7%	45,2 k €	+2.7%	44 k €	+16.4%	37,8 k €	+108%	18,2 k €
Total assets	1,3 M €	+26.8%	1 M €	-6.4%	1,1 M €	-10.5%	1,3 M €	-4.1%	1,3 M €	-15.1%	1,5 M €	+71.2%	897,3 k €	+13.8%	788,8 k €	-15.9%	937,7 k €	+152%	371,8 k €	+22.1%	304,4 k €	+23.3%	246,9 k €	+49.0%	165,7 k €	+30.0%	127,5 k €	+26.3%	101 k €	+17.9%	85,6 k €
Cash	96,8 k €	+40.3%	69 k €	+36.1%	50,7 k €	+588%	7,4 k €	-33.4%	11,1 k €	-94.5%	200,6 k €	+1138%	16,2 k €	-31.6%	23,7 k €	-82.5%	135,6 k €	+150%	54,2 k €	-69.5%	177,7 k €	+433%	33,3 k €	-2.6%	34,2 k €	+46.2%	23,4 k €	-47.5%	44,6 k €	-31.3%	64,9 k €
Debts	1,3 M €	+31.2%	956,9 k €	-7.0%	1 M €	-11.9%	1,2 M €	-5.1%	1,2 M €	-16.3%	1,5 M €	+77.7%	826,6 k €	+20.2%	687,5 k €	-21.7%	877,7 k €	+152%	348,1 k €	+46.4%	237,9 k €	+24.2%	191,5 k €	+125%	85,2 k €	+2.0%	83,5 k €	+32.2%	63,2 k €	-6.3%	67,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,4 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 11 ended

Active mandates

ID CONCEPT & DEVELOPMENT

Director · since 01 janvier 2016 · 0644.693.672

Represented by Bartje GHYSBRECHT

Active

IW Consult

Director · since 01 janvier 2016 · 0464.102.339

Represented by Igor WYSZEGRODSKI

Active

Ended mandates

ID CONCEPT & DEVELOPMENT

Manager · since 01 janvier 2016 · 0644.693.672

Represented by Bartje Ghysbrecht

Ended

ID CONCEPT & DEVELOPMENT

Director · since 01 janvier 2016 · 0644.693.672

Represented by Bartje Ghysbrecht

Ended

IW Consult

Manager · since 01 janvier 2016 · 0464.102.339

Represented by Igor Wyszegrodski

Ended

IW Consult

Director · since 01 janvier 2016 · 0464.102.339

Represented by Igor Wyszegrodski

Ended

At this address

Other companies at this address

Company	CBE no.
Equipements Vivac● Liquidation	0403.478.626
M&A● Active	0775.335.252

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2025	19/11/2024	29/09/2023	07/12/2022	15/07/2021	30/11/2020
General meeting	25/07/2025	14/11/2024	18/09/2023	06/12/2022	29/06/2021	25/11/2020
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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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	25/07/2025	18/08/2025	French	PDF
Abridged model	31/12/2023	14/11/2024	19/11/2024	French	PDF
Abridged model	31/12/2022	18/09/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	06/12/2022	07/12/2022	French	PDF
Abridged model	31/12/2020	29/06/2021	15/07/2021	French	PDF
Abridged model	31/12/2019	25/11/2020	30/11/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	12/08/2019	French	PDF
Abridged model	31/12/2017	24/09/2018	26/09/2018	French	PDF
Abridged model	31/12/2016	11/09/2017	21/09/2017	French	PDF
Abridged model	31/12/2015	23/09/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	26/08/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	12/06/2014	09/07/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	23/07/2013	French	PDF
Abridged model	31/12/2011	16/07/2012	17/08/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	02/08/2011	French	PDF
Abridged model	31/12/2009	28/06/2010	19/07/2010	French	PDF

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.

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 31/12/2024 · 2 active · 11 ended

Active mandates

ID CONCEPT & DEVELOPMENT

Director · since 01 janvier 2016 · 0644.693.672

Represented by Bartje GHYSBRECHT

Active

IW Consult

Director · since 01 janvier 2016 · 0464.102.339

Represented by Igor WYSZEGRODSKI

Active

Ended mandates

ID CONCEPT & DEVELOPMENT

Manager · since 01 janvier 2016 · 0644.693.672

Represented by Bartje Ghysbrecht

Ended

ID CONCEPT & DEVELOPMENT

Director · since 01 janvier 2016 · 0644.693.672

Represented by Bartje Ghysbrecht

Ended

IW Consult

Manager · since 01 janvier 2016 · 0464.102.339

Represented by Igor Wyszegrodski

Ended

IW Consult

Director · since 01 janvier 2016 · 0464.102.339

Represented by Igor Wyszegrodski

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office24/08/2017
SIEGE SOCIAL
PDF
Mandates03/03/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office08/08/2011
SIEGE SOCIAL
PDF
Registered office19/11/2009
SIEGE SOCIAL
PDF
Other21/10/2008
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

2024
Annual accounts 202423,8 k €↑
2023
Annual accounts 20231,8 k €↓
2022
Annual accounts 20225,9 k €↓
2021
Annual accounts 20218,8 k €↑
2020
Annual accounts 20207,6 k €↓
2019
Annual accounts 201911,1 k €↑
2018
Annual accounts 2018122,8 €↓
2017
Annual accounts 201798,8 k €↑
2016
Annual accounts 201610,5 k €↓
2015
Annual accounts 201537,8 k €↑
2014
Annual accounts 201435,8 k €↑
2013
Annual accounts 201317,3 k €↑
2012
Annual accounts 20121,2 k €↓
2011
Annual accounts 20116,2 k €↓
2010
Annual accounts 201011 k €↑
2009
Annual accounts 20098,2 k €
13/10/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

UPGRADE CONCEPT

Overview

What does UPGRADE CONCEPT do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline