ACTIVE

UPGRAID

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Financial year 2025 · closed on 31/12/2025

Net result

642,7 k €

-22.4% YoY

Gross margin

191,0 k €

-84.6% YoY

Equity

3,5 M €

-1.6% YoY

What does UPGRAID do?

UPGRAID is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.971.613

Incorporation

06/08/2003

Legal form

Private limited company

Registered office

Bosstraat 31
3012 Leuven · FlandreSee on map

Contributed capital

205 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	191,0 k €	-84.6%	1,2 M €	+44.1%	859,1 k €	+2.8%	835,7 k €	+59.6%	523,6 k €	-5.5%	554,0 k €	-3.5%	573,9 k €	+8.7%	527,8 k €	+334%	121,5 k €	-58.4%	292,3 k €	+65.9%	176,2 k €	+25.9%	139,9 k €	+147%	56,6 k €	-56.5%	130,2 k €	-49.3%	256,8 k €	+114%	119,8 k €	-29.8%	170,7 k €	+143%	70,1 k €	-51.1%	143,5 k €	-55.3%	321,4 k €
EBITDA	169,5 k €	-86.1%	1,2 M €	+44.3%	842,5 k €	+2.7%	820,3 k €	+61.3%	508,7 k €	-7.6%	550,4 k €	-2.2%	562,9 k €	+5.7%	532,5 k €	+363%	115,0 k €	-59.8%	286,4 k €	+69.8%	168,7 k €	+23.5%	136,6 k €	+165%	51,6 k €	-59.5%	127,4 k €	-49.9%	254,2 k €	+117%	117,3 k €	-29.7%	166,8 k €	+141%	69,2 k €	-51.1%	141,5 k €	-55.6%	318,5 k €
Operating result	146,6 k €	-87.6%	1,2 M €	+46.0%	810,2 k €	+2.8%	788,3 k €	+61.0%	489,7 k €	-9.5%	540,8 k €	-0.5%	543,3 k €	+5.3%	516,1 k €	+476%	89,6 k €	-64.5%	252,6 k €	+85.7%	136,0 k €	+31.5%	103,4 k €	+525%	16,5 k €	-82.3%	93,2 k €	-57.2%	217,8 k €	+174%	79,5 k €	-31.9%	116,8 k €	+1182%	9,1 k €	-91.6%	109,0 k €	-59.9%	271,6 k €
Net result	642,7 k €	-22.4%	827,9 k €	+40.9%	587,6 k €	+11.3%	528,1 k €	+54.3%	342,2 k €	-5.7%	363,0 k €	+5.7%	343,5 k €	+11.0%	309,3 k €	+440%	57,3 k €	-63.2%	155,8 k €	+143%	64,2 k €	+5.7%	60,8 k €	+960%	5,7 k €	-91.7%	69,4 k €	-46.6%	129,9 k €	+232%	39,1 k €	-51.5%	80,7 k €	+429%	15,3 k €	-95.9%	374,9 k €	+118%	171,6 k €
Balance sheet
Equity	3,5 M €	-1.6%	3,6 M €	+30.0%	2,8 M €	+27.0%	2,2 M €	+11.3%	2,0 M €	+21.3%	1,6 M €	+29.1%	1,2 M €	+38.0%	903,4 k €	+52.1%	594,0 k €	+8.4%	547,8 k €	+39.7%	392,0 k €	+19.6%	327,8 k €	+22.7%	267,1 k €	-8.7%	292,4 k €	+28.1%	228,2 k €	+28.0%	178,4 k €	-28.4%	249,3 k €	+43.5%	173,8 k €	-75.3%	703,5 k €	+111%	333,8 k €
Total assets	4,5 M €	+17.4%	3,8 M €	+27.1%	3,0 M €	+17.5%	2,5 M €	+12.8%	2,3 M €	+18.3%	1,9 M €	+26.2%	1,5 M €	+16.4%	1,3 M €	+32.3%	982,0 k €	+2.3%	959,4 k €	+38.6%	692,2 k €	+7.3%	644,9 k €	+15.8%	556,8 k €	+0.8%	552,4 k €	+4.5%	528,4 k €	-2.3%	541,0 k €	+5.6%	512,4 k €	-48.9%	1,0 M €	+14.5%	876,7 k €	+71.3%	511,8 k €
Cash	21,4 k €	-98.6%	1,6 M €	+1022%	138,4 k €	-81.4%	744,5 k €	+3.9%	716,9 k €	+7.0%	670,0 k €	+42.8%	469,2 k €	+1074%	40,0 k €	-81.1%	211,3 k €	-11.0%	237,4 k €	+8654%	2,7 k €	-92.7%	37,2 k €	-78.1%	169,6 k €	-24.3%	224,0 k €	+839%	23,9 k €	-36.8%	37,8 k €	+583%	5,5 k €	-98.9%	507,5 k €	+86.7%	271,8 k €	+92.4%	141,3 k €
Debts	930,4 k €	+336%	213,5 k €	-7.1%	229,7 k €	-38.4%	372,9 k €	+22.5%	304,4 k €	+2.2%	297,9 k €	+12.4%	265,1 k €	-33.0%	395,3 k €	+3.9%	380,4 k €	-7.0%	409,1 k €	+40.3%	291,7 k €	-7.0%	313,5 k €	+9.5%	286,2 k €	+10.2%	259,7 k €	-13.5%	300,2 k €	-17.2%	362,6 k €	+38.3%	262,2 k €	-68.4%	828,5 k €	+419%	159,5 k €	-9.2%	175,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Stef Brismoutier

Manager · since 25 juillet 2003

Active

Ended mandates

Stef Brismoutier

Director · since 25 juillet 2003

Ended

Stef BRISMOUTIER

Manager

Ended

Stefan Brismoutier

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Griet Helsen● Active	0560.844.793

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	30/07/2025	22/07/2024	24/07/2023	26/07/2022	30/07/2021
General meeting	30/06/2026	30/06/2025	20/06/2024	30/06/2023	27/05/2022	17/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	22/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	26/07/2022	Dutch	PDF
Micro model	31/12/2020	17/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	28/05/2020	23/06/2020	Dutch	PDF
Micro model	31/12/2018	14/06/2019	15/07/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	25/07/2018	Dutch	PDF
Micro model	30/06/2017	02/11/2017	20/12/2017	Dutch	PDF
Abridged model	30/06/2016	07/12/2016	16/01/2017	Dutch	PDF
Abridged model	30/06/2015	04/11/2015	12/01/2016	Dutch	PDF
Abridged model	30/06/2014	05/11/2014	17/12/2014	Dutch	PDF
Abridged model	30/06/2013	06/11/2013	16/12/2013	Dutch	PDF
Abridged model	30/06/2012	07/11/2012	26/02/2013	Dutch	PDF
Abridged model	30/06/2011	02/11/2011	28/12/2011	Dutch	PDF
Abridged model	30/06/2010	03/11/2010	09/01/2011	Dutch	PDF
Abridged model	30/06/2009	04/11/2009	06/01/2010	Dutch	PDF
Abridged model	30/06/2008	05/11/2008	31/01/2009	Dutch	PDF
Abridged model	30/06/2007	07/11/2007	22/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 1 active · 3 ended

Active mandates

Stef Brismoutier

Manager · since 25 juillet 2003

Active

Ended mandates

Stef Brismoutier

Director · since 25 juillet 2003

Ended

Stef BRISMOUTIER

Manager

Ended

Stefan Brismoutier

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/05/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other02/02/2018
BOEKJAAR
PDF
Capital / shares14/04/2014
KAPITAAL - AANDELEN
PDF
Capital / shares16/01/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other13/08/2003
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

2025
Annual accounts 2025642,7 k €↓
2024
Annual accounts 2024827,9 k €↑
2023
Annual accounts 2023587,6 k €↑
2022
Annual accounts 2022528,1 k €↑
2021
Annual accounts 2021342,2 k €↓
2020
Annual accounts 2020363,0 k €↑
2019
Annual accounts 2019343,5 k €↑
2018
Annual accounts 2018309,3 k €↑
2017
Annual accounts 201757,3 k €↓
2017
Annual accounts 2017155,8 k €↑
2016
Annual accounts 201664,2 k €↑
2015
Annual accounts 201560,8 k €↑
2014
Annual accounts 20145,7 k €↓
2013
Annual accounts 201369,4 k €↓
2012
Annual accounts 2012129,9 k €↑
2011
Annual accounts 201139,1 k €↓
2010
Annual accounts 201080,7 k €↑
2009
Annual accounts 200915,3 k €↓
2008
Annual accounts 2008374,9 k €↑
2007
Annual accounts 2007171,6 k €
06/08/2003
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

UPGRAID

Overview

What does UPGRAID do?

Trend over 20 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