UPGRADED
UPGRADED has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186k and a net result of €3k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 41% of 264 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
| Equity | €186k |
| Net result | €3k |
| Staff (FTE) | 2.2 |
| Better than sector | 41% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.4% | 29.4% | |
| Net result | €3k | €30k | |
| Equity | €186k | €278k | |
| Gross operating margin | €135k | €210k | |
| Staff costs | €114k | €181k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €17k | €118k | €146k |
| Net profit | €3k | €85k | €132k |
| Cash flow | €5k | €86k | €143k |
| Staff costs | €114k | €69k | €50k |
| Income taxes | €6k | €24k | €10 |
| Dividends | €0 | €80k | - |
| Total assets | €761k | €1.07M | €580k |
| Equity | €186k | €183k | €178k |
| Debt | €575k | €887k | €402k |
| of which ≤ 1y | €114k | €207k | €158k |
| of which > 1y | €15k | €50k | €84k |
| Working capital | €633k | €849k | €412k |
| Employees (FTE) | 2.2 | - | - |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 6.57 | 5.09 | 3.61 |
| Quick ratio | 6.57 | 5.09 | 3.61 |
| Working capital ratio | 83.2% | 79.3% | 71.2% |
| Solvency | 24.4% | 17.1% | 30.7% |
| Debt / equity | 3.10 | 4.85 | 2.26 |
| Long-term debt ratio | 0.08 | 0.27 | 0.47 |
| Interest coverage | 2.59 | 8.99 | 9.50 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 0.4% | 8.0% | 22.8% |
| ROE | 1.5% | 46.5% | 74.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €761k | €1.07M | €580k |
| Fixed assets | 21/28 | €14k | €14k | €9k |
| Tangible fixed assets | 22/27 | €6k | €6k | €1k |
| Financial fixed assets | 28 | €8k | €8k | €8k |
| Current assets | 29/58 | €747k | €1.06M | €570k |
| Amounts receivable within one year | 40/41 | €140k | €372k | €357k |
| Investments | 50/53 | - | €0 | €50k |
| Cash & bank | 54/58 | €217k | €308k | €156k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €761k | €1.07M | €580k |
| Equity | 10/15 | €186k | €183k | €178k |
| Contributions / capital | 10/11 | €25k | €25k | €25k |
| Reserves | 13 | €161k | €158k | €153k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 |
| Amounts payable | 17/49 | €575k | €887k | €402k |
| Amounts payable after one year | 17 | €15k | €50k | €84k |
| Amounts payable within one year | 42/48 | €114k | €207k | €158k |
| Trade debts payable within one year | 44 | €48k | €75k | €113k |
| Income statement | ||||
| Gross operating margin | 9900 | €135k | €187k | €196k |
| Operating result | 9901 | €15k | €116k | €134k |
| Financial income | 75 | €95 | €5k | €13k |
| Financial charges | 65 | €7k | €13k | €15k |
| Result before taxes | 9903 | €8k | €109k | €132k |
| Income taxes | 67/77 | €6k | €24k | €10 |
| Net result for the period | 9904 | €3k | €85k | €132k |
| Result to be appropriated | 9905 | €3k | €85k | €132k |
Historic, not recently confirmed (2)
-
More A.I.Private limited companyDirector· perm. rep.: VANDEBROEK VanessaState Gazette act 20311806 (26-02-2020)Not recently confirmedlast confirmed in an act from 2020
-
QualiaPrivate limited companyDirector· perm. rep.: FRANCIS TomState Gazette act 20311806 (26-02-2020)Not recently confirmedlast confirmed in an act from 2020
Former directors (2)
-
Former- → 26-02-2020
-
Former- → 26-02-2020
| NACE primary | Travel agency activities(79110) |
| Legal form | Private limited company(610) |
| Incorporation | 24-06-2009 |
| Status | Active |
| Postal code | 2650 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0321/00V005 | Flanders | 3,323 m² | 1 · 1,041 m² | - |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
22-01-2026 Registered office moved within Edegem
- Mechelsesteenweg 146, 2650 Edegem → Zilverplein 2, 2650 Edegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Edegem",
"region": null,
"street": "Zilverplein",
"country": "BE",
"postcode": "2650",
"box_number": null,
"street_number": "2"
},
"old_address": {
"city": "Edegem",
"region": null,
"street": "Mechelsesteenweg",
"country": "BE",
"postcode": "2650",
"box_number": "12",
"street_number": "146"
},
"effective_date": "2025-12-24",
"evidence_quote": "Het bestuursorgaan van de vennootschap beslist om de zetel van de vennootschap te verplaatsen naar 2650 Edegem - Zilverplein 2 en dit met ingang van 24 december 2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0815.843.244",
"name_full": "UPGRADED",
"legal_form": "BV"
}
}26-02-2020 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": true,
"object_change": false,
"effective_date": "2020-01-01",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0815.843.244",
"name_full": "UPGRADED",
"legal_form": "BVBA"
},
"signature_regime": "solo",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}| Legal nameNL | UPGRADED |