UpCo
InactiveInactive since 21-08-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
34 d early
2023
20 d early
2022
on the day
2021
23 d early
2020
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Director track record Who ran this company, and where was it based, on a date before the end?Company as of a date How is this company connected to another party?Network investigator How is the Activities of holding companies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€13.6m▼ 0.6%
2024 · €13.7m
Net result
-€83,456▼ 22.1%
2024 · -€68,354
Total assets
€23.9m▼ 0.4%
2024 · €24.0m
Solvency
57.2%▼ 0.1pp
2024 · 57.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.6m▲ 21.8%€1.5m▼ 4.9%€0
Operating result€169,196€232,709▲ 37.5%€449,452▲ 93.1%€80,819▼ 82.0%-€14,270
Net result€43,814▼ 99.5%€40,279▼ 8.1%€28,116▼ 30.2%-€68,354-€83,456▼ 22.1%
Equity€13.7m▲ 0.3%€13.8m▲ 0.3%€13.8m▲ 0.2%€13.7m▼ 0.5%€13.6m▼ 0.6%
Total assets€24.3m▲ 14.1%€23.9m▼ 1.4%€24.1m▲ 0.8%€24.0m▼ 0.7%€23.9m▼ 0.4%
Debt€10.5m▲ 38.8%€10.2m▼ 3.6%€10.3m▲ 1.7%€10.2m▼ 0.9%€10.2m▼ 0.1%
Working capital-€4.4m-€5.0m▼ 14.4%-€7.2m▼ 44.0%-€617,149▲ 91.4%-€966,879▼ 56.7%
Solvency56.6%▼ 7.7pp57.5%▲ 1.0pp57.2%▼ 0.4pp57.3%▲ 0.1pp57.2%▼ 0.1pp
Why a figure moved sharply
- 2021 Net result -100% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14,270 after €80,819 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.9m
Fixed assets
€23.8m =
Current assets
€50,098 ▼ 64.9%
Equity and liabilities €23.9m
Equity
€13.6m ▼ 0.6%
Debt
€10.2m ▼ 0.1%
Debt's share of the balance-sheet total rises from 42.7% to 42.8%. Equity and debt are lower.
Key figures and ratios
ROE
-0.6%▼
2024 · -0.5%
ROA
-0.3%▼
2024 · -0.3%
Debt ≤ 1 year
€1.0m▲
2024 · €759,850
Debt > 1 year
€9.2m▼
2024 · €9.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €93,904 | €0 | ▼ 100% |
| Turnover70 | €1.6m | €1.5m | - | €0 | - | - |
| Non-recurring operating income76A | - | - | - | €93,904 | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €13,085 | €14,270 | ▲ 9.1% |
| Goods, raw materials, services and sundry goods60/61 | €1.4m | €1.3m | - | - | - | - |
| Services and other goods61 | - | - | - | €11,992 | €13,144 | ▲ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,904 | €37,500 | €37,500 | €0 | - | - |
| Other operating charges640/8 | €459 | €980 | €1,075 | €1,094 | €1,126 | ▲ 3.0% |
| Gross operating margin9900 | €188,558 | €271,189 | €488,028 | - | - | - |
| Operating profit (loss)9901 | €169,196 | €232,709 | €449,452 | €80,819 | -€14,270 | ▼ 118% |
| Financial income75/76B | €11,212 | €0 | - | - | - | - |
| Recurring financial income75 | €11,212 | €0 | - | - | - | - |
| Financial charges65/66B | €136,593 | €192,431 | €421,336 | €149,173 | €69,186 | ▼ 53.6% |
| Recurring financial charges65 | €136,593 | €192,431 | €421,336 | €149,173 | €69,186 | ▼ 53.6% |
| Debt charges650 | - | - | - | €148,574 | €68,693 | ▼ 53.8% |
| Other financial charges652/9 | - | - | - | €599 | €494 | ▼ 17.5% |
| Profit (loss) for the period before taxes9903 | €43,814 | €40,279 | €28,116 | -€68,354 | -€83,456 | ▼ 22.1% |
| Profit (loss) for the period9904 | €43,814 | €40,279 | €28,116 | -€68,354 | -€83,456 | ▼ 22.1% |
| Profit (loss) for the period to be appropriated9905 | €43,814 | €40,279 | €28,116 | -€68,354 | -€83,456 | ▼ 22.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.3m | €23.9m | €24.1m | €24.0m | €23.9m | ▼ 0.4% |
| Fixed assets21/28 | €23.9m | €23.9m | €23.8m | €23.8m | €23.8m | = |
| Intangible fixed assets21 | €93,596 | €56,096 | €18,596 | €0 | - | - |
| Financial fixed assets28 | €23.8m | €23.8m | €23.8m | €23.8m | €23.8m | = |
| Affiliated companies280/1 | - | - | - | €23.8m | €23.8m | = |
| Participating interests280 | - | - | - | €23.8m | €23.8m | = |
| Current assets29/58 | €357,000 | €54,216 | €289,024 | €142,701 | €50,098 | ▼ 64.9% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €98,115 | €33,507 | €120,000 | €112,950 | €487 | ▼ 99.6% |
| Trade receivables40 | €60,000 | €0 | €120,000 | €112,500 | €0 | ▼ 100% |
| Other amounts receivable41 | €38,115 | €33,507 | - | €450 | €487 | ▲ 8.2% |
| Cash at bank and in hand54/58 | €246,079 | €19,114 | €167,311 | €28,039 | €49,612 | ▲ 76.9% |
| Deferred charges and accrued income490/1 | €12,807 | €1,595 | €1,712 | €1,712 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.3m | €23.9m | €24.1m | €24.0m | €23.9m | ▼ 0.4% |
| Equity10/15 | €13.7m | €13.8m | €13.8m | €13.7m | €13.6m | ▼ 0.6% |
| Contributions10/11 | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Capital10 | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Issued capital100 | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Reserves13 | €9.2m | €9.2m | €9.3m | €9.2m | €9.1m | ▼ 0.9% |
| Non-distributable reserves130/1 | - | - | €454,500 | €454,500 | €454,500 | = |
| Legal reserve130 | - | - | €454,500 | €454,500 | €454,500 | = |
| Distributable reserves133 | €9.2m | €9.2m | €8.8m | €8.7m | €8.6m | ▼ 1.0% |
| Amounts payable17/49 | €10.5m | €10.2m | €10.3m | €10.2m | €10.2m | ▼ 0.1% |
| Amounts payable after more than one year17 | €5.8m | €5.1m | €2.8m | €9.5m | €9.2m | ▼ 2.7% |
| Financial debts170/4 | €5.8m | €5.1m | €2.8m | €2.1m | €1.3m | ▼ 36.6% |
| Credit institutions173 | - | - | - | €2.1m | €1.3m | ▼ 36.6% |
| Other amounts payable178/9 | - | - | - | €7.4m | €7.9m | ▲ 6.8% |
| Amounts payable within one year42/48 | €4.7m | €5.1m | €7.5m | €759,850 | €1.0m | ▲ 33.8% |
| Current portion of amounts payable after more than one year42 | €781,250 | €757,143 | €757,143 | €757,143 | €757,143 | = |
| Trade debts44 | €251,500 | €170,497 | €215,039 | €2,707 | €2,804 | ▲ 3.6% |
| Suppliers440/4 | €251,500 | €170,497 | €215,039 | €2,707 | €2,804 | ▲ 3.6% |
| Other amounts payable47/48 | €3.7m | €4.1m | €6.5m | €0 | €257,030 | - |
| Accrued charges and deferred income492/3 | €16,641 | €20,549 | €13,963 | €13,963 | €4,832 | ▼ 65.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,814 | €40,279 | €28,116 | -€68,354 | -€83,456 | ▼ 22.1% |
| + Depreciation and write-downs630 | €18,904 | €37,500 | €37,500 | €0 | - | - |
| Operating cash flow (approximation) | €62,718 | €77,779 | €65,616 | -€68,354 | -€83,456 | ▼ 22.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €18,596 | €0 | ▼ 100% |
| Change in cash | - | -€226,964 | €148,197 | -€139,272 | €21,572 | ▲ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
State Gazette act
Restructuring · End & cessationMerger · Power of attorney3 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Power of attorney3 facts ▸
- General meeting, 31-07-2026
- Merger, verrichting gelijkgesteld met fusie door overneming, algemene vergadering van de Overnemende Vennootschap tot eenzelfde besluit komt
- Power of attorney
31-08
State Gazette act
Reappointments: NV ESSENSYS, BV DEPUYDT FAMILY and 4 othersPermanent representatives: Dirk Van Lerberghe, Kurt Depuydt and Dirk Deroose10 facts ▸
State Gazette act
Reappointments: NV ESSENSYS, BV DEPUYDT FAMILY and 4 others
Permanent representatives: Dirk Van Lerberghe, Kurt Depuydt and Dirk Deroose10 facts ▸
- General meeting, 22-06-2026
- Director reappointment, NV ESSENSYS (non-statutory director)
- Permanent representative, Dirk Van Lerberghe (permanent representative)
- Director reappointment, BV DEPUYDT FAMILY (non-statutory director)
- Permanent representative, Kurt Depuydt (permanent representative)
- Director reappointment, NV DEROOSE PROJECTS (non-statutory director)
- Permanent representative, Dirk Deroose (permanent representative)
- Director reappointment, Veerle Naessens (non-statutory director)
- Auditor reappointment, BV FIGURAD BEDRIJFSREVISOREN (statutory auditor)
- Director reappointment, Erik Bauwelinck (wettelijk vertegenwoordiger)
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€83,456
Net result drops to -€83,456, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 2 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26109717). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Depuydt Family BV
CurrentNon-statutory director · since 22-06-2026 · Legal entity · perm. rep.: Kurt Depuydt
Essensys NV
CurrentNon-statutory director · since 22-06-2026 · Legal entity · perm. rep.: Dirk Van Lerberghe
NV DEROOSE PROJECTS
CurrentNon-statutory director · since 22-06-2026 · Legal entity · perm. rep.: Dirk Deroose
Veerle Naessens
CurrentNon-statutory director · since 22-06-2026
Permanent representatives 3
Dirk Deroose
CurrentPermanent representative · since 22-06-2026 · for NV DEROOSE PROJECTS
Dirk Van Lerberghe
CurrentPermanent representative · since 22-06-2026 · for Essensys NV
Kurt Depuydt
CurrentPermanent representative · since 22-06-2026 · for Depuydt Family BV
Statutory auditor 1
Figurad Bedrijfsrevisoren bv
CurrentStatutory auditor · since 22-06-2026
Other functions 1
Erik Bauwelinck
CurrentWettelijk vertegenwoordiger · since 22-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende
Ground area
2.2 ha
Building footprint
4,642 m²
Volume, LiDAR
42,612 m³
Parcel 35026A0404/00R000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026A0404/00R000 | Flanders | 2.2 ha | 1 · 4,641 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
6 people since 2026, 6 in office
- Board
- Statutory auditor
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Depuydt Family BV |
|
| Essensys NV |
|
| NV DEROOSE PROJECTS |
|
| Veerle Naessens |
|
| Figurad Bedrijfsrevisoren bv |
|
| Erik Bauwelinck |
|
Articles of association
Accounting effect
01-01-2026
Structure & network
Owners and holdings
3 owners · 2 holdings · 3 subsidiaries in the treeChain of control
- Fresh Food Group
- UpCo
Highest known parent: Fresh Food Group. The sources do not say who stands above it.
Owners 3
- Fresh Food Groupparent100%
-
10%
- Sourceaccounts LYPO 31-08-202210%
Holdings 2
-
100%
-
100%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- UpREstate 100%
According to the 2025 annual accounts of UpCo and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
FIGURAD BEDRIJFSREVISOREN
via Erik Bauwelinck · Permanent representative
→
VLAAMSE SCHERMBOND
via Erik Bauwelinck · Director
former→
Acquisitions and mergers
1 transactionTaken over by:Fresh Food Group
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Identification & contact
Identification
Legal formPublic limited company
Founded24-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.