Upgrade Energy Holding
Upgrade Energy Holding has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.33M and a net result of €3.43M. The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €6.33M |
| Net result | €3.43M |
| Active | 14 yrs |
| Board | 2 |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €3.43M |
| Cash flow | - |
| Staff costs | €0 |
| Income taxes | - |
| Dividends | - |
| Total assets | €8.32M |
| Equity | €6.33M |
| Debt | €1.99M |
| of which ≤ 1y | €1.32M |
| of which > 1y | €655k |
| Working capital | €5.39M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 5.07 |
| Quick ratio | 5.07 |
| Working capital ratio | 64.8% |
| Solvency | 76.1% |
| Debt / equity | 0.31 |
| Long-term debt ratio | 0.10 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 41.3% |
| ROE | 54.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8.32M |
| Fixed assets | 21/28 | €1.60M |
| Tangible fixed assets | 22/27 | €41k |
| Financial fixed assets | 28 | €1.56M |
| Current assets | 29/58 | €6.71M |
| Amounts receivable within one year | 40/41 | €6.70M |
| Cash & bank | 54/58 | €16k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.32M |
| Equity | 10/15 | €6.33M |
| Contributions / capital | 10/11 | €3.82M |
| Reserves | 13 | €2.51M |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €1.99M |
| Amounts payable after one year | 17 | €655k |
| Amounts payable within one year | 42/48 | €1.32M |
| Trade debts payable within one year | 44 | €92k |
| Income statement | ||
| Gross operating margin | 9900 | €3.46M |
| Operating result | 9901 | €3.46M |
| Financial income | 75 | €49k |
| Financial charges | 65 | €75k |
| Result before taxes | 9903 | €3.43M |
| Net result for the period | 9904 | €3.43M |
| Result to be appropriated | 9905 | €3.43M |
-
Elisabeth Van SchoubroeckDirectorState Gazette act 21049763 (23-04-2021)Current23-04-2021 → present
-
Vermeire Consulting BVLegal entityManaging directorState Gazette act 21049763 (23-04-2021)Current23-04-2021 → present
Historic, not recently confirmed (2)
-
Piet Paul Rosa De RooverDirectorState Gazette act 19004565 (09-01-2019)Not recently confirmedlast confirmed in an act from 2019
-
VERMEIRE CONSULTINGDirectorState Gazette act 19004565 (09-01-2019)Not recently confirmedlast confirmed in an act from 2019
2 events
- 09-01-2019 Appointed· Director
- 09-01-2019 Resigned· Manager
Permanent representatives (1)
-
Peter VerscheldenVertegenwoordiger commissarisState Gazette act 18179907 (17-12-2018)Permanent representative17-12-2018 → present
Former directors (2)
-
Piet De RooverDirectorState Gazette act 21049763 (23-04-2021)Former- → 23-04-2021
-
Raf VermeireDirectorState Gazette act 19004565 (09-01-2019)Former09-01-2019 → 23-04-2021
2 events
- 23-04-2021 Resigned· Director
- 09-01-2019 Appointed· Director
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Peter WeyersCurrent Statutory auditor |
- | 17-10-2024 → present |
Show 1 earlier auditors
| Moore Stephens Audit Statutory auditor succeeded by Peter Weyers in 2024 |
- | 17-12-2018 → 17-10-2024 |
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 16-03-2012 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0732/00F002 | Brussels | 277 m² | 1 · 181 m² | 18.6 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
18-10-2024 Capital increase of €494,619.14 to €3,819,607.50
- €3.324.988,36 → €3.819.607,50
- Inbreng in natura · Apport en nature
Technical details
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"schema": "v3.2",
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}17-10-2024 Peter Weyers appointed as statutory auditor
- Peter Weyers, Commissaris
Technical details
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}05-08-2024 Capital increase of €732,238.36 to €3,324,988.36
- €2.592.750 → €3.324.988,36
- Inbreng in natura · Apport en nature
Technical details
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}30-12-2022 Articles of association amended
Technical details
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"new": "naamloze vennootschap",
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"changed": false
}
}24-09-2021 Capital increase of €750,000 to €2,592,750
- €1.842.750 → €2.592.750
- Inbreng in geld · Apport en numéraire
Technical details
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}23-04-2021 2 directors appointed, 2 resigning
- Elisabeth Van Schoubroeck, Bestuurder
- Vermeire Consulting BV, Gedelegeerd bestuurder
- Raf Vermeire, Bestuurder
- Piet De Roover, Bestuurder
Technical details
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"name": "Raf Vermeire",
"address": null,
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},
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"kind": "director_out",
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"person": {
"rrn": null,
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"address": null,
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{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
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"address": null,
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}11-08-2020 Articles of association amended
Technical details
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"new": "naamloze vennootschap",
"old": "naamloze vennootschap",
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}10-03-2020 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "proposal",
"notary": {
"name": "Raf Vermeire",
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2020-03-10",
"filing_date": null,
"act_kind_objet": "Neerlegging fusievoorstel"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2019-12-19",
"unanimous": null
},
"conversion": null,
"detected_kind": "merger_absorption",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0834.430.622",
"name": "VICA",
"role": "absorbed",
"address": "Circusstraat 23, 1000 Brussel",
"is_foreign": false,
"legal_form": "bv",
"is_new_company": false,
"jurisdiction_country": null
},
{
"kbo": "0844.561.083",
"name": "ENERGY AND CLEANTECH KWADRAAT",
"role": "acquiring",
"address": "Deinsesteenweg 114, 9031 Drongen",
"is_foreign": false,
"legal_form": "NV",
"is_new_company": false,
"jurisdiction_country": null
}
],
"exchange_ratio": null,
"legal_articles": [
"12:7",
"12:50"
],
"is_cross_border": false,
"is_silent_merger": true,
"balance_basis_date": "2018-12-31",
"exchange_ratio_text": null,
"new_shares_issued_n": 0,
"real_estate_included": false,
"patrimony_description": "De totale activa, rechten en verplichtingen van de besloten vennootschap VICA worden overgenomen door de naamloze vennootschap EC\u00B2 zonder uitgifte van nieuwe aandelen en zonder kapitaalverhoging.",
"equity_transferred_eur": 18600.0,
"accounting_effective_date": "2019-01-01"
},
"subject_company": {
"kbo": "0844.561.083",
"name_full": "ENERGY AND CLEANTECH KWADRAAT",
"legal_form": "NV"
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"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Raf Vermeire",
"org_rep_person_name": null
},
"summary_narrative": "Het fusievoorstel betreft een met fusie door overneming gelijkgestelde verrichting (geruisloze fusie) tussen de besloten vennootschap VICA en de naamloze vennootschap ENERGY AND CLEANTECH KWADRAAT (EC\u00B2). Het gehele vermogen, rechten en verplichtingen van VICA worden overgenomen door EC\u00B2 zonder uitgifte van nieuwe aandelen en zonder kapitaalverhoging. De fusie is ingegeven door de vereenvoudiging van de vennootschapsstructuur. De handelingen van VICA worden boekhoudkundig geacht te zijn verricht voor rekening van EC\u00B2 met ingang van 1 januari 2019.",
"co_filed_documents": [
"Illustratieve fusiebalans per 31/12/2018"
],
"detected_real_type": "fusion_proposal",
"referenced_correction": null,
"should_reroute_to_category": null
}09-01-2019 Articles of association amended
Technical details
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}17-12-2018 2 directors appointed
- Moore Stephens Audit, Commissaris
- Peter Verschelden, Vertegenwoordiger commissaris
Technical details
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}| Legal nameNL | Upgrade Energy Holding |