Financials
- Financial year
- 2026
- Total assets
- €131.1m
- Profit
- €4.3m
- Solvency
- 41.7%
Total assets▲ 35.7%
Net result
20192026
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. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 293 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Buying and selling of own real estate
NACE 68110Real estate agency activities NACE 68310
7th largest employer in Ghent, Real estate sector1 site
Size
≈ €3.5mturnover 2026, estimated
- Staff
- 41 FTE
- Equity
- €54.7m
- Profit
- €4.3m
Turnover estimated from the gross margin
Structure
- Board
- 6 members
- BELSACK Koenraad Renatus Agnes MarieManaging director
2026 accounts 36 days early4 of 14 deeds summarised
Why 89raises 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
Score 2026
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 41% of its sector peers (NACE 68, small)
Financial strength · tick = 2025
Weak
Solvency
67-10
equity 41.7% of total assets
Liquidity
23-5
short-term debt 57.1% · cash 1.7%
Profitability
23-21
return on assets 3.3%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025highest value
12-2025: 0.3%● unchanged vs 11-2025highest value
01-2026: 0.3%● unchanged vs 12-2025highest value
02-2026: 0.3%● unchanged vs 01-2026highest value
03-2026: 0.3%● unchanged vs 02-2026highest value
04-2026: 0.3%● unchanged vs 03-2026highest value
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €4,850,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.05, compared with 0.99 in 2025, below the usual 1.5; short-term debt: 57.1% and cash: 1.7% of total assets), and 58.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 61% on solvency, 17% on liquidity, 16% on profitability and 70% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
19212223242526
2019 to 2026 · latest year €54.7m
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 25-09-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
36 days early
2025
23 days early
2024
41 days early
2023
22 days early
2022
10 days early
2021
40 days early
2019
4 days early
← 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 25 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 8 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-03-2027 year end31-10-2027 deadline
- Annual accounts filedfinancial year 2026 · abbreviated…
- Appointment: Hilde Cloostermans-Huwaert (director)Gazette deed
- Annual accounts filedfinancial year 2025 · abbreviated…
Key points
- Positive: Result rose in 2026from €1.3m to €4.3m ▲ 222% View
- Positive: Among the best 5% on net resultsector median €13,550 · 291 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
- Active since 1955founded 29-09-1955 71 years View
- Merger with Upgrade Estate Group BVmerger on 31-10-2023 2023 View
By topic
Board & ownership
- Board
- 6 members
- BELSACK Koenraad Renatus Agnes MarieManaging director
- KOSSAATDirector
- Kurt VerweireDirector
- tweak itDirector
- VAN DAMME NeleManaging director
and 1 other director
Network & group
- Connected companies
- 5
- Mergers and asset contributions
- 1
Timeline
- Events
- 56
- Since
- 1979
- Next accounts
- by 31-10-2027
- 31-03-2025Equity above €50m
- 20-09-2024Annual accounts filed
- 30-04-2024Registered office
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 29-09-1955
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 12
- Annual meeting
- Second Friday of September at 12:00
Key facts about UPGRADE ESTATE GROUP
- What is the company number of UPGRADE ESTATE GROUP?
- 0400.927.922. In Belgium the VAT number is the company 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?
- Private limited company (BV).
- When was UPGRADE ESTATE GROUP 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?
- On average 41 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of UPGRADE ESTATE GROUP?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- 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?
- By 31-10-2027, for financial year 2027.Timeline
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