ACTIVE

Upgrade Energy Holding

Export PDF

Financial year 2025 · Closed on 28/02/2025

Net result3,4 M €+468,7 %over 1 year
Gross margin3,5 M €+308,9 %over 1 year
Equity6,3 M €+278,8 %over 1 year

Identity

Source · BCE/KBO

Upgrade Energy Holding is a Public limited company incorporated in 2012. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0844.561.083
Incorporation
16/03/2012
Legal form
Public limited company
Registered office
Rue du Cirque 23
1000 Bruxelles · BruxellesSee on map
Contributed capital
3 819 607,50 €
Latest accounts
28/02/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 12 filings

Trend over 10 financial years

20252024202320212018
Income statement
Gross margin3,5 M €846,4 k €-433,4 k €-95,1 k €–
EBITDA3,5 M €814,9 k €-489,7 k €-101,9 k €44,1 k €
Operating result3,5 M €814,9 k €-489,7 k €-101,9 k €44,1 k €
Net result3,4 M €603,5 k €-498,9 k €816,2 k €65,4 k €
Balance sheet
Equity6,3 M €1,7 M €1,1 M €1,5 M €1,9 M €
Total assets8,3 M €3,8 M €2,6 M €1,6 M €2,9 M €
Cash15,8 k €482,9 k €16,2 k €76,8 k €3,4 k €
Debts2 M €1,9 M €1,5 M €46,8 k €1 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 28/02/2025

2 active · 11 ended

Active mandates

Vermeire Consulting

Managing director · since 16 mars 2021 · 0465.058.778

Represented by Raf VERMEIRE

Active
Liesbeth Van Schoubroeck

Director · since 03 juillet 2020

Active

Ended mandates

Vermeire Consulting

Managing director · since 22 octobre 2020 · until 22 octobre 2026 · 0465.058.778

Represented by Raf Vermeire

Ended
Elisabeth Van Schoubroeck

Director · since 03 juillet 2020 · until 03 juillet 2026

Ended
De Roover SP. Z O.O. Cunsult SP. K

Director · since 18 décembre 2018 · until 18 décembre 2024 · 0715.909.191

Represented by Piet De Roover

Ended
De Roover SP.Z.O.O Consult SP.K.

Mandate · since 18 décembre 2018 · until 18 décembre 2024

Represented by Piet De Roover

Ended

Other companies at this address

Rue du Cirque 23 1000 Bruxelles
CompanyCBE no.
VAN SCHOUBROECK ADVOCATENKANTOOR● Active
0547.901.134
Vermeire Consulting● Active
0465.058.778

Full financial information

Source · NBB
202520242023202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/03/202401/03/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year28/02/202529/02/202428/02/202331/12/202131/12/202031/12/2019
Length of the financial year12 months12 months14 months12 months12 months12 months
Filing date25/07/202521/10/202415/09/202328/07/202209/09/202109/03/2021
General meeting30/06/202506/06/202431/08/202330/06/202230/06/202130/10/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 12 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model28/02/202530/06/202525/07/2025DutchPDF
Micro model29/02/202406/06/202421/10/2024DutchPDF
Micro model28/02/202331/08/202315/09/2023DutchPDF
Micro model31/12/202130/06/202228/07/2022DutchPDF
Micro model31/12/202030/06/202109/09/2021DutchPDF
Abridged model31/12/201930/10/202009/03/2021DutchPDF
Full model31/12/201812/06/201928/06/2019DutchPDF
Abridged model31/12/201731/05/201805/07/2018DutchPDF
Abridged model31/12/201615/06/201714/07/2017DutchPDF
Abridged model31/12/201531/08/201624/11/2016DutchPDF
Abridged model31/12/201431/08/201524/11/2016DutchPDF
Abridged model31/12/201330/05/201424/07/2014DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 28/02/2025

2 active · 11 ended

Active mandates

Vermeire Consulting

Managing director · since 16 mars 2021 · 0465.058.778

Represented by Raf VERMEIRE

Active
Liesbeth Van Schoubroeck

Director · since 03 juillet 2020

Active

Ended mandates

Vermeire Consulting

Managing director · since 22 octobre 2020 · until 22 octobre 2026 · 0465.058.778

Represented by Raf Vermeire

Ended
Elisabeth Van Schoubroeck

Director · since 03 juillet 2020 · until 03 juillet 2026

Ended
De Roover SP. Z O.O. Cunsult SP. K

Director · since 18 décembre 2018 · until 18 décembre 2024 · 0715.909.191

Represented by Piet De Roover

Ended
De Roover SP.Z.O.O Consult SP.K.

Mandate · since 18 décembre 2018 · until 18 décembre 2024

Represented by Piet De Roover

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office18/10/2024
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Mandates17/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares05/08/2024
    KAPITAAL - AANDELEN
    PDF
  • Other30/12/2022
    BENAMING - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office24/09/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Mandates23/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring11/08/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring10/03/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

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 20253,4 M €↑
  2. 2024
    Annual accounts 2024603,5 k €↑
  3. 2023
    Annual accounts 2023-498,9 k €↓
  4. 2023
    Name changeUpgrade Energy Holding
  5. 2021
    Annual accounts 2021816,2 k €↑
  6. 2021
    Name changeEC2
  7. 2018
    Annual accounts 201865,4 k €↑
  8. 2017
    Annual accounts 201740,4 k €↑
  9. 2016
    Annual accounts 2016-1,8 k €↓
  10. 2015
    Annual accounts 201551,2 k €↑
  11. 2014
    Annual accounts 20141,2 k €↑
  12. 2013
    Annual accounts 2013-2,1 k €
  13. 2013
    Name changeEnergy and Cleantech Kwadraat
  14. 16/03/2012
    IncorporationPublic limited company