ACTIVE

UPGRADE PROJECTS

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Financial year 2025 · closed on 31/12/2025
Net result
180,4 k €
+253.3% YoY
Gross margin
499,9 k €
+227.3% YoY
Equity
6,8 k €
+103.9% YoY
Workforce
3,8 ETP
+15.2% YoY

What does UPGRADE PROJECTS do?

UPGRADE PROJECTS is a Private limited company incorporated in 2008. Its main activity is: Construction of buildings. Its registered office is in Kortrijk. It employs on average 3,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0897.128.749
Incorporation
28/03/2008
Legal form
Private limited company
Registered office
Zusters Lovelingstraat(Mar) 25
8510 Kortrijk · FlandreSee on map
Contributed capital
1 000,00 €
Latest accounts
31/12/2025
Average workforce
3,8 ETP
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings43910Roofing activities43994Other specialised construction activities n.e.c.41003Construction of buildings41203Construction of residential and non-residential buildings
Joint committees (2)
  • 124
  • 12400
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin499,9 k €152,7 k €159,8 k €374,9 k €306,0 k €25,9 k €335,8 k €289,2 k €268,8 k €208,1 k €110,2 k €19,3 k €-6,5 k €39,3 k €2,5 k €-12,8 k €-6,8 k €
EBITDA193,9 k €-100,9 k €-139,9 k €95,6 k €38,0 k €-152,2 k €115,6 k €46,8 k €103,5 k €110,0 k €109,6 k €18,2 k €-6,9 k €37,9 k €963,6 €-13,7 k €-8,2 k €
Operating result191,5 k €-103,5 k €-162,3 k €74,1 k €12,7 k €-181,7 k €85,9 k €37,7 k €92,3 k €102,2 k €106,2 k €14,9 k €-10,3 k €37,9 k €8,7 k €-13,7 k €-15,9 k €
Net result180,4 k €-117,7 k €-175,9 k €61,9 k €8,8 k €-165,7 k €70,4 k €29,0 k €32,7 k €41,9 k €66,9 k €9,4 k €-10,2 k €37,9 k €7,3 k €-26,1 k €-30,1 k €
Balance sheet
Equity6,8 k €-173,6 k €-55,9 k €120,0 k €75,7 k €67,0 k €232,6 k €168,2 k €148,2 k €115,4 k €73,5 k €6,7 k €-2,7 k €7,5 k €-30,4 k €-37,7 k €-11,5 k €
Total assets322,2 k €303,4 k €408,7 k €557,9 k €537,3 k €469,6 k €500,8 k €341,5 k €317,0 k €690,9 k €569,4 k €632,9 k €371,9 k €339,4 k €712,2 €205,6 k €197,7 k €
Cash24,9 k €0,0 €15,6 k €33,6 k €21,9 k €38,1 k €39,1 k €14,8 k €84,1 k €19,4 k €5,5 k €304,6 €126,3 €23,3 €94,4 €–1,6 k €
Debts314,7 k €476,7 k €464,3 k €437,3 k €460,8 k €401,1 k €186,9 k €167,7 k €162,2 k €573,3 k €467,1 k €624,4 k €374,7 k €331,9 k €31,1 k €243,3 k €209,2 k €
Other
Workforce3,8 ETP3,3 ETP4,0 ETP4,0 ETP4,3 ETP4,3 ETP4,5 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 31/12/2025 · 2 active · 4 ended

Active mandates

Anna Semashko

Director

Active
Dominique Vanhout

Director

Active

Ended mandates

Anna Semashko

Director · since 01 juillet 2023

Ended
Dominique Vanhout

Manager · since 28 mars 2008

Ended
Dominique Vanhout

Manager

Ended
Henk Vanhoutte

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
UPGRADE INVEST● Active
0726.495.851
Annual accounts

Full financial information

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 date20/07/202630/07/202528/06/202420/06/202314/07/202219/07/2021
General meeting30/06/202630/06/202524/06/202410/06/202330/06/202230/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202620/07/2026DutchPDF
Abridged model31/12/202430/06/202530/07/2025DutchPDF
Abridged model31/12/202324/06/202428/06/2024DutchPDF
Abridged model31/12/202210/06/202320/06/2023DutchPDF
Abridged model31/12/202130/06/202214/07/2022DutchPDF
Abridged model31/12/202030/06/202119/07/2021DutchPDF
Abridged model31/12/201930/06/202007/07/2020DutchPDF
Micro model31/12/201831/07/201929/08/2019DutchPDF
Micro model31/12/201730/06/201827/07/2018DutchPDF
Micro model31/12/201610/06/201730/08/2017DutchPDF
Abridged model31/12/201522/07/201601/08/2016DutchPDF
Abridged model31/12/201411/07/201519/08/2015DutchPDF
Abridged model31/12/201314/06/201422/07/2014DutchPDF
Abridged model31/12/201208/06/201330/08/2013DutchPDF
Abridged model31/12/201118/08/201228/08/2012DutchPDF
Abridged model31/12/201022/09/201123/09/2011DutchPDF
Abridged model31/12/200912/06/201025/08/2010DutchPDF
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 31/12/2025 · 2 active · 4 ended

Active mandates

Anna Semashko

Director

Active
Dominique Vanhout

Director

Active

Ended mandates

Anna Semashko

Director · since 01 juillet 2023

Ended
Dominique Vanhout

Manager · since 28 mars 2008

Ended
Dominique Vanhout

Manager

Ended
Henk Vanhoutte

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/04/2022
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office25/04/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/07/2011
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/04/2008
    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. 2025
    Annual accounts 2025180,4 k €↑
  2. 2024
    Annual accounts 2024-117,7 k €↑
  3. 2023
    Annual accounts 2023-175,9 k €↓
  4. 2022
    Annual accounts 202261,9 k €↑
  5. 2021
    Annual accounts 20218,8 k €↑
  6. 2020
    Annual accounts 2020-165,7 k €↓
  7. 2019
    Annual accounts 201970,4 k €↑
  8. 2018
    Annual accounts 201829,0 k €↓
  9. 2017
    Annual accounts 201732,7 k €↓
  10. 2016
    Annual accounts 201641,9 k €↓
  11. 2015
    Annual accounts 201566,9 k €↑
  12. 2014
    Annual accounts 20149,4 k €↑
  13. 2013
    Annual accounts 2013-10,2 k €↓
  14. 2012
    Annual accounts 201237,9 k €↑
  15. 2011
    Annual accounts 20117,3 k €↑
  16. 2010
    Annual accounts 2010-26,1 k €↑
  17. 2009
    Annual accounts 2009-30,1 k €
  18. 28/03/2008
    IncorporationPrivate limited company