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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).

Checked score

Score 2026
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
raises risk · 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 →
lowers risk · 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
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · 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
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · 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 →
neutral · 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)
neutral · 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
neutral · 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

History

UPGRADE ESTATE was incorporated on 29 September 2011.1 Revenue fell from EUR 36 million in 2022 to EUR 27 million in 2026 and headcount from 22.1 full-time equivalents in 2019 to 39.1 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2022 and 2026

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Financials · fiscal year 2026, full schema

Turnover
€26.5m▲ 2.2%
2025 · €26.0m
EBIT margin
1.4%▲ 1.0pp
2025 · 0.4%
Net result
€193,774▲ 2,014%
2025 · €9,165
Working capital
€6.3m▼ 9.3%
2025 · €6.9m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Turnover€36.3m€41.1m▲ 13.2%€55.5m▲ 35.1%€26.0m▼ 53.2%€26.5m▲ 2.2%
Operating result€647,864€770,697▲ 19.0%€451,986▼ 41.4%€111,699▼ 75.3%€380,710▲ 241%
Net result€390,872above the sector's middle half▲ 25.0%€493,915above the sector's middle half▲ 26.4%€273,775above the sector's middle half▼ 44.6%€9,165within the sector's middle half▼ 96.7%€193,774▲ 2,014%
EBIT margin1.8%1.9%▲ 0.1pp0.8%▼ 1.1pp0.4%▼ 0.4pp1.4%▲ 1.0pp
Equity€6.0mabove the sector's middle half▲ 6.9%€6.5mabove the sector's middle half▲ 8.2%€6.8mabove the sector's middle half▲ 4.2%€6.8mabove the sector's middle half▲ 0.1%€7.0m▲ 2.8%
Total assets€26.0mabove the sector's middle half▲ 31.0%€35.2mabove the sector's middle half▲ 35.7%€26.5mabove the sector's middle half▼ 24.8%€25.0mabove the sector's middle half▼ 5.6%€27.6m▲ 10.3%
Debt€16.5m▲ 16.7%€25.6m▲ 55.2%€17.5m▼ 31.9%€16.7m▼ 4.5%€19.7m▲ 18.1%
Working capital€8.2mabove the sector's middle half▲ 81.0%€8.5mabove the sector's middle half▲ 3.8%€7.5mabove the sector's middle half▼ 11.5%€6.9mabove the sector's middle half▼ 8.1%€6.3m▼ 9.3%
Solvency23.3%within the sector's middle half▼ 5.3pp18.6%within the sector's middle half▼ 4.7pp25.7%within the sector's middle half▲ 7.2pp27.3%within the sector's middle half▲ 1.5pp25.4%▼ 1.8pp
Current ratio1.50within the sector's middle half▲ 0.181.33within the sector's middle half▼ 0.171.43within the sector's middle half▲ 0.101.42within the sector's middle half▼ 0.011.32▼ 0.10
Return on assets (ROA)1.5%within the sector's middle half▼ 0.1pp1.4%within the sector's middle half▼ 0.1pp1.0%within the sector's middle half▼ 0.4pp0.0%within the sector's middle half▼ 1.0pp0.7%▲ 0.7pp
Staff (FTE)39.1above the sector's middle half▲ 3.4%43.6above the sector's middle half▲ 11.5%39.6above the sector's middle half▼ 9.2%35.2within the sector's middle half▼ 11.1%39.1▲ 11.1%
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000€600,000€800,000Operating result 2022: €647,864€647,864Net result 2022: €390,872€390,872Operating result 2023: €770,697€770,697Net result 2023: €493,915€493,915Operating result 2024: €451,986€451,986Net result 2024: €273,775€273,775Operating result 2025: €111,699€111,699Net result 2025: €9,165€9,165Operating result 2026: €380,710€380,710Net result 2026: €193,774€193,77420222023202420252026€0€200,000€400,000Operating result 2024: €451,986€452,000Net result 2024: €273,775€274,000Operating result 2025: €111,699€112,000Net result 2025: €9,165€9,170Operating result 2026: €380,710€381,000Net result 2026: €193,774€194,000202420252026
The operating result recovers in 2026; 2026 is 241% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €27.6m
Fixed assets €1.7m ▲ 10.0%
Current assets €25.9m ▲ 10.3%
Equity and liabilities €27.6m
Equity €7.0m ▲ 2.8%
Provisions €856,423 ▼ 43.0%
Debt €19.7m ▲ 18.1%
Debt's share of the balance-sheet total rises from 66.7% to 71.5%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€659,489▲
2025 · €284,267
Cash flow
€472,553▲
2025 · €181,733
Quick ratio
0.06▼
2025 · 0.25
Debt to equity
2.81▲
2025 · 2.45
ROE
2.8%▲
2025 · 0.1%
Interest coverage
99.83▲
2025 · 29.92
Debt ≤ 1 year
€19.6m▲
2025 · €16.6m
Income taxes
€205,101▲
2025 · €90,736
Staff costs
€3.5m▲
2025 · €3.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.9% stopped otherwise
98% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 76 lines
Balance sheet Code20252026
Assets
Total assets20/58€25.0m€27.6m▲
Fixed assets21/28€1.5m€1.7m▲
Intangible fixed assets21€196,277€154,242▼
Tangible fixed assets22/27€1.3m€1.5m▲
Land and buildings22€210,624€190,568▼
Plant, machinery and equipment23€115,515€105,470▼
Furniture and vehicles24€262,176€565,713▲
Other tangible fixed assets26€699,516€634,528▼
Assets under construction and advance payments27€0-
Financial fixed assets28€21,375€5,000▼
Other financial fixed assets284/8€21,375€5,000▼
Shares284€5,000€5,000=
Amounts receivable and cash guarantees285/8€16,375€0▼
Current assets29/58€23.5m€25.9m▲
Stocks and contracts in progress3€19.4m€24.8m▲
Contracts in progress37€19.4m€24.8m▲
Amounts receivable within one year40/41€3.4m€534,380▼
Trade receivables40€3.1m€290,443▼
Other amounts receivable41€290,320€243,936▼
Cash at bank and in hand54/58€336,914€218,110▼
Deferred charges and accrued income490/1€434,387€394,316▼
Equity and liabilities
Total equity and liabilities10/49€25.0m€27.6m▲
Equity10/15€6.8m€7.0m▲
Contributions10/11€194,100€194,100=
Capital10€194,100€194,100=
Issued capital100€194,100€194,100=
Reserves13€6.6m€6.8m▲
Non-distributable reserves130/1€19,410€19,410=
Legal reserve130€19,410€19,410=
Distributable reserves133€6.6m€6.8m▲
Provisions and deferred taxes16€1.5m€856,423▼
Provisions for liabilities and charges160/5€1.5m€856,423▼
Other liabilities and charges164/5€1.5m€856,423▼
Amounts payable17/49€16.7m€19.7m▲
Amounts payable within one year42/48€16.6m€19.6m▲
Trade debts44€8.2m€8.1m▼
Suppliers440/4€8.2m€8.1m▼
Advances received on contracts in progress46-€0
Taxes, remuneration and social security45€402,977€525,394▲
Taxes450/3€634€74,255▲
Remuneration and social security454/9€402,343€451,139▲
Other amounts payable47/48€8.0m€11.0m▲
Accrued charges and deferred income492/3€125,271€79,797▼
Income statement Code20252026
Operating income70/76A€24.0m€32.4m▲
Turnover70€26.0m€26.5m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€2.7m€5.4m▲
Own construction capitalised72€102,758€0▼
Other operating income74€575,123€423,562▼
Operating charges60/66A€23.9m€32.0m▲
Goods for resale, raw materials and consumables60€15.1m€22.3m▲
Purchases600/8€15.1m€22.3m▲
Services and other goods61€6.3m€6.5m▲
Remuneration, social security and pensions62€3.0m€3.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€172,568€278,779▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10,742-€62▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€698,495-€645,484▲
Other operating charges640/8€15,999€122,104▲
Non-recurring operating charges66A€3,071€0▼
Operating profit (loss)9901€111,699€380,710▲
Financial income75/76B€1,170€31,252▲
Recurring financial income75€1,170€31,252▲
Income from current assets751€351€717▲
Other financial income752/9€819€30,535▲
Financial charges65/66B€12,967€13,087▲
Recurring financial charges65€12,967€13,087▲
Debt charges650€9,501€6,606▼
Other financial charges652/9€3,466€6,481▲
Profit (loss) for the period before taxes9903€99,901€398,875▲
Income taxes67/77€90,736€205,101▲
Taxes670/3€90,736€205,101▲
Profit (loss) for the period9904€9,165€193,774▲
Profit (loss) for the period to be appropriated9905€9,165€193,774▲
Appropriation of the result
Profit (loss) to be appropriated9906€9,165€193,774▲
Transfer to equity691/2€9,165€193,774▲
To other reserves6921€9,165€193,774▲
Social balance
Average headcount (FTE)908735.239.1▲

The notes to these accounts (68 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Operating income70/76A€36.7m€44.6m€54.6m€24.0m€32.4m▲ 35.0%
Turnover70€36.3m€41.1m€55.5m€26.0m€26.5m▲ 2.2%
Change in stocks of work in progress, finished goods and contracts in progress71-€2,243€3.2m-€1.9m-€2.7m€5.4m▲ 303%
Own construction capitalised72€270,229€0€476,326€102,758€0▼ 100%
Other operating income74€143,221€256,235€513,799€575,123€423,562▼ 26.4%
Non-recurring operating income76A€587€8,500€0---
Operating charges60/66A€36.1m€43.8m€54.1m€23.9m€32.0m▲ 34.0%
Goods for resale, raw materials and consumables60€27.1m€34.1m€46.0m€15.1m€22.3m▲ 47.1%
Purchases600/8€46.5m€34.1m€46.0m€15.1m€22.3m▲ 47.1%
Change in stocks: decrease (increase)609-€19.4m€0----
Services and other goods61€6.2m€6.5m€5.4m€6.3m€6.5m▲ 3.7%
Remuneration, social security and pensions62€2.5m€3.3m€3.3m€3.0m€3.5m▲ 16.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€265,697€268,738€237,164€172,568€278,779▲ 61.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€120-€212-€135€10,742-€62▼ 101%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€20,926-€359,055-€835,522-€698,495-€645,484▲ 7.6%
Other operating charges640/8€38,537€34,607€27,291€15,999€122,104▲ 663%
Non-recurring operating charges66A€0€2,000€3,403€3,071€0▼ 100%
Operating profit (loss)9901€647,864€770,697€451,986€111,699€380,710▲ 241%
Financial income75/76B€10,025€3,376€9,183€1,170€31,252▲ 2,572%
Recurring financial income75€10,025€3,376€9,183€1,170€31,252▲ 2,572%
Income from financial fixed assets750€104€0----
Income from current assets751-€175€242€351€717▲ 104%
Other financial income752/9€9,921€3,201€8,940€819€30,535▲ 3,629%
Financial charges65/66B€1,332€1,134€10,103€12,967€13,087▲ 0.9%
Recurring financial charges65€1,332€1,134€10,103€12,967€13,087▲ 0.9%
Debt charges650€32€224€8,740€9,501€6,606▼ 30.5%
Other financial charges652/9€1,300€910€1,363€3,466€6,481▲ 87.0%
Profit (loss) for the period before taxes9903€656,557€772,939€451,066€99,901€398,875▲ 299%
Income taxes67/77€265,685€279,025€177,291€90,736€205,101▲ 126%
Taxes670/3€265,685€279,314€177,291€90,736€205,101▲ 126%
Tax adjustments and reversals of tax provisions77-€290€0---
Profit (loss) for the period9904€390,872€493,915€273,775€9,165€193,774▲ 2,014%
Transfer from tax-exempt reserves789€3,639€0----
Profit (loss) for the period to be appropriated9905€394,511€493,915€273,775€9,165€193,774▲ 2,014%
Line20222023202420252026Change
Assets
Total assets20/58€26.0m€35.2m€26.5m€25.0m€27.6m▲ 10.3%
Fixed assets21/28€1.3m€1.1m€1.5m€1.5m€1.7m▲ 10.0%
Intangible fixed assets21€9,204€686€0€196,277€154,242▼ 21.4%
Tangible fixed assets22/27€1.3m€1.1m€1.5m€1.3m€1.5m▲ 16.2%
Land and buildings22€270,793€250,737€230,681€210,624€190,568▼ 9.5%
Plant, machinery and equipment23€160,637€143,797€127,006€115,515€105,470▼ 8.7%
Furniture and vehicles24€250,577€237,749€204,216€262,176€565,713▲ 116%
Other tangible fixed assets26€571,014€454,933€338,853€699,516€634,528▼ 9.3%
Assets under construction and advance payments27-€13,950€616,148€0--
Financial fixed assets28€21,375€21,375€21,375€21,375€5,000▼ 76.6%
Other financial fixed assets284/8€21,375€21,375€21,375€21,375€5,000▼ 76.6%
Shares284€5,000€5,000€5,000€5,000€5,000=
Amounts receivable and cash guarantees285/8€16,375€16,375€16,375€16,375€0▼ 100%
Current assets29/58€24.7m€34.1m€24.9m€23.5m€25.9m▲ 10.3%
Stocks and contracts in progress3€20.7m€23.9m€22.0m€19.4m€24.8m▲ 27.9%
Contracts in progress37€20.7m€23.9m€22.0m€19.4m€24.8m▲ 27.9%
Amounts receivable within one year40/41€3.4m€9.7m€2.5m€3.4m€534,380▼ 84.1%
Trade receivables40€66,838€9.3m€1.6m€3.1m€290,443▼ 90.5%
Other amounts receivable41€3.4m€441,929€945,605€290,320€243,936▼ 16.0%
Cash at bank and in hand54/58€147,900€71,177€149,350€336,914€218,110▼ 35.3%
Deferred charges and accrued income490/1€377,420€323,757€251,546€434,387€394,316▼ 9.2%
Equity and liabilities
Total equity and liabilities10/49€26.0m€35.2m€26.5m€25.0m€27.6m▲ 10.3%
Equity10/15€6.0m€6.5m€6.8m€6.8m€7.0m▲ 2.8%
Contributions10/11€194,100€194,100€194,100€194,100€194,100=
Capital10€194,100€194,100€194,100€194,100€194,100=
Issued capital100€194,100€194,100€194,100€194,100€194,100=
Reserves13€5.8m€6.3m€6.6m€6.6m€6.8m▲ 2.9%
Non-distributable reserves130/1€19,410€19,410€19,410€19,410€19,410=
Legal reserve130€19,410€19,410€19,410€19,410€19,410=
Tax-exempt reserves132€0-----
Distributable reserves133€5.8m€6.3m€6.6m€6.6m€6.8m▲ 2.9%
Provisions and deferred taxes16€3.4m€3.0m€2.2m€1.5m€856,423▼ 43.0%
Provisions for liabilities and charges160/5€3.4m€3.0m€2.2m€1.5m€856,423▼ 43.0%
Other liabilities and charges164/5€3.4m€3.0m€2.2m€1.5m€856,423▼ 43.0%
Amounts payable17/49€16.5m€25.6m€17.5m€16.7m€19.7m▲ 18.1%
Amounts payable within one year42/48€16.5m€25.6m€17.4m€16.6m€19.6m▲ 18.5%
Trade debts44€2.5m€7.4m€8.8m€8.2m€8.1m▼ 1.2%
Suppliers440/4€2.5m€7.4m€8.8m€8.2m€8.1m▼ 1.2%
Advances received on contracts in progress46€0---€0-
Taxes, remuneration and social security45€401,377€567,364€391,134€402,977€525,394▲ 30.4%
Taxes450/3€55,783€73,910€1,743€634€74,255▲ 11,621%
Remuneration and social security454/9€345,594€493,454€389,391€402,343€451,139▲ 12.1%
Other amounts payable47/48€13.5m€17.6m€8.2m€8.0m€11.0m▲ 38.2%
Accrued charges and deferred income492/3€60,378€78,251€76,595€125,271€79,797▼ 36.3%
Line20222023202420252026Change
Profit (loss) for the period9904€390,872€493,915€273,775€9,165€193,774▲ 2,014%
+ Depreciation and write-downs630€265,697€268,738€237,164€172,568€278,779▲ 61.5%
Operating cash flow (approximation)€656,569€762,653€510,938€181,733€472,553▲ 160%
Investment in fixed assets (approximation)--€108,365-€652,214-€139,773-€428,817▼ 207%
Change in cash--€76,723€78,173€187,564-€118,803▼ 163%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
28-09
NBB filing Annual accounts filed
fiscal year 2026 · full schema
16-07
State Gazette act General meeting · Capital decrease
Other statement · Auditor report
2025
08-10
NBB filing Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial Weakest financial yearnet €9,165 ▼96.7%
Net result drops to €9,165, the lowest in the series; recovery starts the following year.
2024
09-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2023
11-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial Highest result since 2019net €493,915 ▲26.4%
Operating result €770,697, net result €493,915, both a record.
2022
27-10
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
14-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 11 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
5,962 m²
Volume, LiDAR
226 m³
Parcel 44062A0312/00C000, Flanders · tallest building 1.8 m. Linked by address, not a title deed.
72 companies at this address See who is registered here
1 establishment unit
Upgrade Estate
Amelia Earhartlaan 2, 9051 GentGeneral construction of buildings
since 20112.205.195.228
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062A0312/00C000 Flanders 1.5 ha 1 · 5,962 m² 1.8 m
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-03-2026 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-03-2026 of UPGRADE ESTATE 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

No current directors or connected companies found in the register.

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 41,771 EUR awarded · 8,280 EUR paid
Year Entries awardedpaid
2025 2 35,102 EUR1,611 EUR
2024 1 1,565 EUR1,565 EUR
2023 1 2,498 EUR2,498 EUR
2022 1 2,606 EUR2,606 EUR
Schemes
1 entry · 33,491 EUR · Onroerend Erfgoed
4 entries · 8,280 EUR · 8,280 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

894500FYB3AVC6SSJ792
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 2,453 companies in this sector we hold annual accounts for 1,059. 249 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded29-09-2011
Fiscal year end31-03
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0840066124
Registered 22-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.