UPGRADE ESTATE GROUP
ActiveSummary
UPGRADE ESTATE GROUP has been active since 1955 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €54.7m and a net result of €4.3m. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 52% of 341 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 29-09-1955 Normal situation
- Registered office
- 72 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Buying and selling of own real estate NACE 68110and 1 other
- Joint committee
- 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 31-03-2026
- Establishment unit
- 2.003.523.716 9051 Gent, since 01-10-1955
- Financial year end
- 31 March
- Peppol
- Reachable since 22-05-2025
Board and ownership
- BELSACK Koenraad Renatus Agnes MarieManaging director
- VAN DAMME NeleManaging director
- KOSSAATDirector · since 31-10-2023 · permanent representative DE BONDT Jan Hendrik Maria
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €2.7m
- ▼ 10.8%
- Turnover
- ≈ €3.5m
- estimated
- Profit
- €4.3m
- ▲ 222%
- Equity
- €54.7m
- ▲ 8.5%
- Total assets
- €131.1m
- ▲ 35.7%
- Employees on 31-03-2026
- 47
- ▲ 6.8%
Score breakdownraises riskLiquidity: current ratio 1.05, cash €2.2mlowers riskSize: 41 FTE, total assets €131.1mFounded in 1955Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 61% of them on solvency, 17% on liquidity, 16% on profitability and 70% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Result rose in 2026from €1.3m to €4.3m ▲ 222% View
- Positive: Higher net result than 95% of companies in real estatesector median €13,302 · 339 companies €4.3m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 7 profitable years in a rowprofit 2026: €4.3m 7 years View
Recent changes
- · Gazette deed Appointment: Hilde Cloostermans-Huwaert (director)
- · Gazette deed Registered office moved within GentNew seat: Ameha Earhartlaan 2 bus 201 te 9051 Gent (Sint-Denijs-Westrem) · Previous seat: BURGGRAVENLAAN 31 BUS 301 -9000 GENT
- · Gazette deed Merger proposal: UPGRADE SERVICE takes over Upgrade Estate GroupAppointments: BELSACK Koenraad Renatus Agnes Marie, VAN DAMME Nele and 3 others · Permanent representatives: DE BONDT Jan Hendrik Maria, VERWEIRE Kurt and WUYTS Wim Aloïs Virginie
Comparable companies
These companies have the same main activity as UPGRADE ESTATE GROUP: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €30m and €220m, founded between 1928 and 1988.
| Company | Total assets | Gross margin |
|---|---|---|
| UPGRADE ESTATE GROUP Gent | €131.1m | €2.7m |
| D'IETEREN IMMO Elsene | €219.6m | - |
| Tuinwijk Lokeren | €141.4m | - |
| MABEMO Destelbergen | €30.4m | €1.8m |
| Altrad Logistics Benelux Beveren-Kruibeke-Zwijndrecht | €47.0m | - |
| BBR PLUS Sint-Gillis (bij-Brussel) | €58.4m | €4.0m |
| RENOMA Sint-Lambrechts-Woluwe | €35.1m | €1.6m |
Key facts about UPGRADE ESTATE GROUP
- What is the company number of UPGRADE ESTATE GROUP?
- The company number of UPGRADE ESTATE GROUP is 0400.927.922. The VAT number is the same number with BE in front: BE 0400.927.922.
- Where is UPGRADE ESTATE GROUP based?
- The registered office is at Amelia Earhartlaan 2, 9051 Gent.Company details
- What does UPGRADE ESTATE GROUP do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of UPGRADE ESTATE GROUP?
- The legal form of UPGRADE ESTATE GROUP is Private limited company (BV).
- When was UPGRADE ESTATE GROUP founded?
- UPGRADE ESTATE GROUP was founded on 29-09-1955.
- Is UPGRADE ESTATE GROUP still active?
- Yes, UPGRADE ESTATE GROUP is an active enterprise in the KBO register.
- How many employees does UPGRADE ESTATE GROUP have?
- UPGRADE ESTATE GROUP had an average of 41 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does UPGRADE ESTATE GROUP fall under?
- In its 31-03-2026 annual accounts, UPGRADE ESTATE GROUP states joint committee 323 (Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden).
- What is the turnover of UPGRADE ESTATE GROUP?
- The turnover in financial year 2026 is ≈ €3.5m. This figure is estimated from the gross margin of €2.7m and 39 comparable companies (NACE 681). It probably lies between €2.7m and €7.9m.
- Is UPGRADE ESTATE GROUP profitable?
- In financial year 2026, UPGRADE ESTATE GROUP made a profit of €4.3m.
- Where can I find the annual accounts of UPGRADE ESTATE GROUP?
- UPGRADE ESTATE GROUP filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of UPGRADE ESTATE GROUP due?
- UPGRADE ESTATE GROUP must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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