UPCON
Annual accounts 2025
micro format, filed on 09-07-2026, 22 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €100,000 and €150,000.
Balance sheet
balance sheet total €176,756 on 31-12-2025in euro
in euro
Position in the sector
81.5%
Higher than 77% of 21,206 companies in 2025.
10.51
Higher than 89% of 20,569 companies in 2025.
23.0%
Higher than 57% of 20,744 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
176,756 | 121,788 | 133,579 | 107,240 | 89,914 | 59,314 | 39,552 | 30,554 | |
21/28 |
6,707 | 6,534 | 14,461 | 5,920 | 8,652 | 985 | 1,970 | - | |
22/27 |
6,707 | 6,534 | 14,461 | 5,920 | 8,652 | 985 | 1,970 | - | |
23 |
- | 908 | 2,756 | 4,604 | 6,452 | - | - | - | |
24 |
6,707 | 5,626 | 11,704 | 1,315 | 2,200 | 985 | 1,970 | - | |
29/58 |
170,049 | 115,254 | 119,118 | 101,321 | 81,262 | 58,329 | 37,582 | 30,554 | |
40/41 |
75,954 | 43,584 | 35,616 | 34,918 | 43,449 | 30,003 | 19,982 | 10,626 | |
40 |
65,216 | 32,670 | 28,859 | 32,646 | 43,449 | 29,565 | 15,929 | - | |
41 |
10,739 | 10,914 | 6,758 | 2,273 | - | 438 | 4,054 | 10,626 | |
54/58 |
94,095 | 71,669 | 83,502 | 66,402 | 37,813 | 27,306 | 8,420 | 12,888 | |
490/1 |
- | - | - | - | - | 1,020 | 9,180 | 7,040 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
176,756 | 121,788 | 133,579 | 107,240 | 89,914 | 59,314 | 39,552 | 30,554 | |
10/15 |
144,089 | 103,422 | 98,848 | 68,261 | 48,530 | 38,622 | 5,064 | 6,755 | |
10/11 |
3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | - | 3,500 | |
100 |
- | - | - | - | - | - | - | 3,500 | |
11 |
- | - | - | - | - | - | 3,500 | - | |
1100/10 |
- | - | - | - | - | - | 3,500 | - | |
13 |
140,589 | 99,922 | 95,348 | 64,761 | 45,030 | 20,836 | 1,564 | 3,255 | |
130/1 |
1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | - | |
130 |
- | - | - | - | - | - | - | 1,564 | |
1311 |
1,564 | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | - | - | |
1319 |
- | - | - | - | - | - | 1,564 | - | |
133 |
139,025 | 98,358 | 93,784 | 63,197 | 43,466 | 19,273 | - | 1,691 | |
14 |
- | - | - | - | - | 14,286 | - | - | |
17/49 |
32,667 | 18,366 | 34,731 | 38,979 | 41,384 | 20,692 | 34,489 | 23,799 | |
17 |
- | - | - | - | - | - | 5,000 | - | |
170/4 |
- | - | - | - | - | - | 5,000 | - | |
42/48 |
16,174 | 17,331 | 30,447 | 35,762 | 37,806 | 20,149 | 26,141 | 23,048 | |
44 |
101 | 6,715 | 6,675 | 6,601 | 416 | 4,380 | 7,329 | 11,756 | |
440/4 |
101 | 6,715 | 6,675 | 6,601 | 416 | 4,380 | 7,329 | 11,756 | |
45 |
16,073 | 10,549 | 23,196 | 28,472 | 27,390 | 12,447 | 9,908 | 11,292 | |
450/3 |
16,073 | 10,549 | 20,204 | 27,019 | 26,964 | 12,447 | 8,299 | 11,292 | |
454/9 |
- | - | 2,992 | 1,453 | 426 | - | 1,608 | - | |
47/48 |
- | 67 | 577 | 690 | 10,000 | 3,322 | 8,903 | - | |
492/3 |
16,493 | 1,035 | 4,283 | 3,218 | 3,578 | 543 | 3,348 | 751 | |
| Income statement | |||||||||
76A |
4,825 | - | - | - | - | - | - | - | |
9900 |
59,852 | 37,442 | 84,076 | 52,202 | 63,098 | 48,596 | 21,542 | 12,598 | |
630 |
6,512 | 10,438 | 7,249 | 2,732 | 2,121 | 985 | 985 | 959 | |
640/8 |
13 | 247 | 3,568 | 781 | 2,127 | 639 | 1,087 | 1,488 | |
66A |
- | - | 1,380 | - | - | - | - | - | |
9901 |
53,326 | 26,756 | 71,879 | 48,688 | 58,850 | 46,971 | 19,470 | 10,151 | |
75/76B |
224 | 515 | 29 | 31 | 30 | 3 | 0 | 1 | |
75 |
224 | 515 | 29 | 31 | 30 | 3 | 0 | 1 | |
65/66B |
1,537 | 1,140 | 1,117 | 1,261 | 802 | 969 | 257 | 622 | |
65 |
1,537 | 1,140 | 1,117 | 1,261 | 802 | 969 | 257 | 622 | |
9903 |
52,014 | 26,132 | 70,791 | 47,459 | 58,079 | 46,006 | 19,213 | 9,531 | |
67/77 |
11,347 | 6,358 | 16,675 | 12,727 | 15,624 | 12,447 | 4,971 | 3,276 | |
9904 |
40,667 | 19,774 | 54,117 | 34,731 | 42,455 | 33,559 | 14,242 | 6,255 | |
9905 |
40,667 | 19,774 | 54,117 | 34,731 | 42,455 | 33,559 | 14,242 | 6,255 | |
| Appropriation of the result | |||||||||
9906 |
40,667 | 19,774 | 54,117 | 34,731 | 56,741 | 33,559 | 14,242 | 6,255 | |
14P |
- | - | - | - | 14,286 | - | - | - | |
791/2 |
- | - | - | - | - | - | 1,691 | - | |
691/2 |
40,667 | 4,574 | 30,587 | 19,731 | 24,193 | 19,273 | - | 3,255 | |
6920 |
- | - | - | - | - | - | - | 1,564 | |
6921 |
40,667 | 4,574 | 30,587 | 19,731 | 24,193 | 19,273 | - | 1,691 | |
694/7 |
- | 15,200 | 23,529 | 15,000 | 32,548 | - | 15,933 | 3,000 | |
694 |
- | 15,200 | 23,529 | 15,000 | 32,548 | - | 15,933 | - | |
695 |
- | - | - | - | - | - | - | 3,000 | |
| Document | |||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00277006 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00339310 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00439172 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00161964 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20143148 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36400189 | |
| 31-12-2019 | micro format | 11-08-2020 | 2020-40600044 | |
| 31-12-2018 | micro format | 06-08-2019 | 2019-44800138 |
Subsidies and aid
Flemish government 2025, 1 entry, €227 awarded, €227 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 59,839 | 37,194 | 79,128 | 51,421 | 60,971 | 47,956 | 20,455 | 11,110 | ||
| 47,179 | 30,212 | 61,366 | 37,464 | 44,576 | 34,544 | 15,227 | 7,214 | ||
| 6,819 | 2,512 | 15,790 | 0 | 9,788 | 0 | 2,955 | - | ||
| 22,426 | -11,833 | 17,099 | 28,590 | 10,507 | 18,886 | -4,468 | - | ||
| 153,875 | 97,923 | 88,670 | 65,559 | 43,456 | 38,180 | 11,442 | 7,506 | ||
| 81.5% | 84.9% | 74.0% | 63.7% | 54.0% | 65.1% | 12.8% | 22.1% | ||
| 10.51 | 6.65 | 3.91 | 2.83 | 2.15 | 2.89 | 1.44 | 1.33 | ||
| 0.23 | 0.18 | 0.35 | 0.57 | 0.85 | 0.54 | 6.81 | 3.52 | ||
| 28.2% | 19.1% | 54.7% | 50.9% | 87.5% | 86.9% | 281.3% | 92.6% | ||
| 23.0% | 16.2% | 40.5% | 32.4% | 47.2% | 56.6% | 36.0% | 20.5% | ||
| 38.94 | 32.63 | 70.83 | 40.79 | 76.06 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,819 | €2,512 | €15,790 | - | €9,788 |
| €6,512 | €10,438 | €7,249 | €2,732 | €2,121 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on UPCON
The operating result for 2025 is 99% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 15.1% to 18.5%. Equity and debt are higher.