ACTIVE

Update Team

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Financial year 2024 · closed on 31/12/2024
Net result
-62,7 k €
-843.8% YoY
Gross margin
94,5 k €
-24.3% YoY
Equity
83,7 k €
-42.8% YoY
Workforce
1,9 ETP

What does Update Team do?

Update Team is a Private limited company incorporated in 2012. Its main activity is: Computer consultancy activities. Its registered office is in Gent. It employs on average 1,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0846.854.837
Incorporation
26/06/2012
Legal form
Private limited company
Registered office
Bellevue 1
9050 Gent · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2024
Average workforce
1,9 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities59112Motion picture, video and television programme production activities59112Motion picture, video and television programme production activities63100Data processing, hosting and related activities; web portals63110Data processing, hosting and related activities
Joint committees (1)
  • 2000
Contacts
2 public details availableLog in to view
Signals
Good liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202420232022202120202019201820172016201520142013
Income statement
Gross margin94,5 k €124,8 k €188,7 k €123,5 k €81,9 k €124,6 k €139,9 k €73,7 k €90,4 k €152,6 k €99,6 k €15 k €
EBITDA-58,4 k €15,6 k €96,1 k €71,5 k €40,2 k €33,6 k €64,5 k €-41,4 k €-34,3 k €78,6 k €35,8 k €13,9 k €
Operating result-59,7 k €15 k €90,4 k €69,3 k €32,6 k €25,9 k €57,5 k €-50,1 k €-56 k €75,8 k €35,3 k €13,9 k €
Net result-62,7 k €8,4 k €60,6 k €44,7 k €23,9 k €12,4 k €52,2 k €-53,6 k €-52,5 k €55,1 k €29,9 k €12,3 k €
Balance sheet
Equity83,7 k €146,4 k €138 k €77,4 k €32,7 k €18,8 k €6,4 k €-45,8 k €7,9 k €60,4 k €15,3 k €8 k €
Total assets389,2 k €650 k €947,6 k €971,5 k €505,1 k €513,2 k €458,1 k €240,9 k €189,2 k €306,2 k €268,1 k €100,6 k €
Cash24,2 k €279,4 k €414 k €306,2 k €160,1 k €61 k €68,5 k €11,5 k €45 k €126,1 k €8,9 k €28 k €
Debts304,3 k €479 k €558,8 k €673,4 k €355,1 k €446,8 k €430,2 k €286,7 k €180,6 k €241,8 k €252,8 k €92,1 k €
Other
Workforce1,9 ETP–––––––3,0 ETP2,5 ETP1,7 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 · 1 active · 2 ended

Active mandates

MADDENS REMI

Director · since 07 juin 2023 · 0479.513.758

Represented by Remi MADDENS

Active

Ended mandates

MADDENS REMI

Director · 0479.513.758

Represented by Remi Maddens

Ended
MADDENS REMI

Manager · 0479.513.758

Represented by Remi Maddens

Ended
At this address

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0475.487.367
Vereniging van mede-eigenaars CREPAIN GEBOUW te Gent-Ledeberg, Bellevue 1● Active
0883.420.075
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/08/202531/08/202417/11/202331/08/202230/09/202103/09/2020
General meeting13/06/202521/06/202429/09/202324/06/202225/06/202126/06/2020
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202413/06/202529/08/2025DutchPDF
Micro model31/12/202321/06/202431/08/2024DutchPDF
Micro model31/12/202229/09/202317/11/2023DutchPDF
Micro model31/12/202124/06/202231/08/2022DutchPDF
Micro model31/12/202025/06/202130/09/2021DutchPDF
Micro model31/12/201926/06/202003/09/2020DutchPDF
Micro model31/12/201828/06/201926/08/2019DutchPDF
Micro model31/12/201729/06/201823/08/2018DutchPDF
Abridged model31/12/201630/06/201724/08/2017DutchPDF
Abridged model31/12/201524/06/201631/08/2016DutchPDF
Abridged model31/12/201426/06/201528/08/2015DutchPDF
Abridged model31/12/201320/06/201429/08/2014DutchPDF
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 · 1 active · 2 ended

Active mandates

MADDENS REMI

Director · since 07 juin 2023 · 0479.513.758

Represented by Remi MADDENS

Active

Ended mandates

MADDENS REMI

Director · 0479.513.758

Represented by Remi Maddens

Ended
MADDENS REMI

Manager · 0479.513.758

Represented by Remi Maddens

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/05/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/12/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office04/11/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office16/12/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office28/03/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other05/07/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2024
    Annual accounts 2024-62,7 k €↓
  2. 2023
    Annual accounts 20238,4 k €↓
  3. 2022
    Annual accounts 202260,6 k €↑
  4. 2021
    Annual accounts 202144,7 k €↑
  5. 2020
    Annual accounts 202023,9 k €↑
  6. 2019
    Annual accounts 201912,4 k €↓
  7. 2018
    Annual accounts 201852,2 k €↑
  8. 2017
    Annual accounts 2017-53,6 k €↓
  9. 2016
    Annual accounts 2016-52,5 k €↓
  10. 2015
    Annual accounts 201555,1 k €↑
  11. 2014
    Annual accounts 201429,9 k €↑
  12. 2013
    Annual accounts 201312,3 k €
  13. 26/06/2012
    IncorporationPrivate limited company