UPGRADE ESTATE

Active

Public limited companyfounded 201115 yrs activeAmelia Earhartlaan 2, 9051 Gent, BelgiumKBO/BCE: BE 0840.066.124

Summary

UPGRADE ESTATE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €7.0m and a net result of €193,774. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 21% of 175 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch Report Compare

UPGRADE ESTATEActiveChecked score 54/100

Risk analysis Report Compare

What they do

General construction of other non-residential buildings

NACE 41003Real estate development NACE 41101NACE 41203

1 site

How big

€26.5mturnover 2026

Staff: 39.1 FTE
Equity: €7.0m
Profit: €193,774

Financially healthy?

54 Fair Checked score 2026

Bankruptcy chance 12 m: 0.5%

Who decides

Holdings: 1

Accounts 33 d early0 of 11 deeds read

Why 54- Higher-failure-rate sector- Weak solvency vs sector+ Annual accounts: healthy financial profile+ Lower-risk legal form+ Long track recordLatest accounts filed on timeShow the evidence

Checked score

Score 2026

54 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2025

Profitability56▲+2

Solvency50▼-2

Growth54▲+19

Track record100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €370,000 at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.42 in 2025; short-term debt: 71.2% and cash: 0.8% of total assets), and 74.6% of the assets are financed with debt.

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Construction of residential and non-residential buildings (NACE 41)

about 67% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2026

Solvency, return and age of the figures

Solvency

25.4%

Return on assets

0.7%

Age of the figures

6 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 175 sector peers (2026).

NBB · sector comparison

Position among 175 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-09-2026, 33 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

33 d early

2025

23 d early

2024

22 d early

2023

50 d early

2022

4 d early

2021

17 d early

2019

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 8 October (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

01-10-2026 today31-03-2027 close31-10-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

28-09-26 Annual accounts filedfiscal year 2026 · full…
16-07-26 General meeting · Capital decreaseOther statement · Auditor report
08-10-25 Annual accounts filedfiscal year 2025 · full…

Key points

Positive: Result rose in 2026from €9,165 to €193,774 ▲ 2,014% View
Positive: Among the best 5% on equitysector median €57,447 · 176 companies €7.0m View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2026: €193,774 7 years View