ACTIVE

UP 38

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Financial year 2024 · Closed on 31/12/2024

Net result46 k €+31,1 %over 1 year
Revenue75,3 k €+17,9 %over 1 year
Equity293 k €+0,3 %over 1 year

Identity

Source · BCE/KBO

UP 38 is a Public limited company incorporated in 2011. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0833.845.751
Incorporation
15/02/2011
Legal form
Public limited company
Registered office
Voie Gisèle Halimi 10
4000 Liège · WallonieSee on map
Contributed capital
262 858,00 €
Latest accounts
31/12/2024
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 15 filings

Trend over 8 financial years

20242021202020192018
Income statement
Revenue75,3 k €63,9 k €63,5 k €63 k €61,7 k €
EBITDA59,4 k €49,3 k €47,2 k €58,5 k €57 k €
Operating result59,4 k €49,3 k €47,2 k €58,5 k €57 k €
Net result46 k €35,1 k €33,9 k €39,5 k €38 k €
Balance sheet
Equity293 k €292,2 k €292,1 k €290,3 k €292,8 k €
Total assets338,5 k €327,3 k €324,5 k €332,3 k €354,3 k €
Cash95 k €80,5 k €77,6 k €88,5 k €110,1 k €
Debts45,5 k €35 k €32,3 k €42 k €61,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Other companies at this address

Voie Gisèle Halimi 10 4000 Liège
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ANKARET INVEST● Active
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ARIANE REAL ESTATE● Active
0898.866.435
ETHIAS● Active
0404.484.654
EthiasCo● Active
0402.370.054
Ethias Group● Active
1012.346.240
ETHIAS PATRIMOINE● Active
0894.377.612
Ethias Pension Fund● Active
0644.695.949
Ethias Solution● Active
0825.876.113
Ethias Sustainable Investment Fund● Active
0865.127.063
ETHIAS VENTURES● Active
0793.497.216
IMMO HOFVELD● Active
0889.535.233
JAN DOCKX● Active
0458.920.757
KOALA● Active
0873.412.150
LOTHIAN DEVELOPMENTS IV● Active
0463.648.518
REAL GOED INVEST● Active
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SAGITTA● Active
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VIMINALIS III● Active
0841.657.320

Full financial information

Source · NBB
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 date26/03/202627/02/202521/03/202424/03/202315/03/202222/04/2021
General meeting04/03/202625/02/202523/02/202428/02/202308/03/202216/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/03/202626/03/2026FrenchPDF
Abridged model31/12/202425/02/202527/02/2025FrenchPDF
Abridged model31/12/202323/02/202421/03/2024FrenchPDF
Abridged model31/12/202228/02/202324/03/2023FrenchPDF
Abridged model31/12/202108/03/202215/03/2022FrenchPDF
Abridged model31/12/202016/03/202122/04/2021FrenchPDF
Full model31/12/201910/03/202014/04/2020FrenchPDF
Full model31/12/201818/03/201916/04/2019FrenchPDF
Full model31/12/201728/02/201820/03/2018FrenchPDF
Full model31/12/201613/03/201720/04/2017FrenchPDF
Full model31/12/201509/03/201605/04/2016FrenchPDF
Full model31/12/201412/03/201507/04/2015FrenchPDF
Full model31/12/201318/03/201408/04/2014FrenchPDF
Full model31/12/201201/03/201327/03/2013FrenchPDF
Full model31/12/201115/03/201207/05/2012FrenchPDF

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.

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/05/2026
    démission/nomination
    PDF
  • Registered office22/04/2025
    modification siege social
    PDF
  • Mandates16/05/2023
    Démission/Nomination
    PDF
  • Mandates06/12/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/08/2022
    Démissions/Nominations
    PDF
  • Mandates25/08/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/08/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES
    PDF
  • Other21/11/2019
    Modification composition du conseil d'administration et suppression de la
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings8 filings
2011201220132014201520162017201820192020202120222023202420252026
UP 38
No data
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Voie Gisèle Halimi 10, 4000 LiègeCurrent
CBE

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
UP 38Current
accounts 2014 → 2024
Accounts 2024 · 2025-00042532

Events

  1. 2024
    Annual accounts 202446 k €↑
  2. 2021
    Annual accounts 202135,1 k €↑
  3. 2020
    Annual accounts 202033,9 k €↓
  4. 2019
    Annual accounts 201939,5 k €↑
  5. 2018
    Annual accounts 201838 k €↑
  6. 2017
    Annual accounts 201735,7 k €↓
  7. 2015
    Annual accounts 201537,2 k €↓
  8. 2014
    Annual accounts 201439,1 k €
  9. 15/02/2011
    IncorporationPublic limited company