Skip to content

UPGRADING

Active Private limited companyfounded 2008active for 18 yearsRue Ernest-Solvay 267, 4000 LiègeKBO/BCE: BE 0806.880.246
UPGRADING
Financial year 2025
Follow ReportCompare

Annual accounts 2025

micro format, filed on 20-08-2026, 20 days late
-€5,445
▼ €7,726
-€6,902
▼ €7,690
-€7,209
▼ €7,655
-€1,733
▼ €7,873
-950.1%
▼ 421.3 percentage points
0.74
▼ 2.33

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €6,111 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-950.1%

Lower than 95% of 41,211 companies in 2025.

0.74

Higher than 17% of 39,782 companies in 2025.

-118.0%

Lower than 95% of 40,303 companies in 2025.

UPGRADING Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
20/58 6,1119,61778,64426,22414,60931,87954,80422,04523,42925,99923,40828,65231,52932,52342,48442,30547,729
20 ---------------294685
21/28 1,1755111,1491545911,8012,8558612,9066,2898,29411,25813,60717,95223,23429,23234,587
21 ----0--------7501,7502,7503,750
22/27 1,1755111,1491545911,3222,3768612,9066,1098,11411,07813,42717,02221,30426,00829,972
23 2555111,149----02,0724,8347,59610,35813,08216,73720,39124,04626,961
24 920--1545911,3222,3768618341,2755187203452859131,9623,011
28 ----0479479--180180180180180180180180
29/58 4,9369,10677,49526,07014,01830,07851,94921,18420,52319,71015,11417,39417,92214,57119,25013,07313,142
3 -----3,3952,3864,8436,5156,6165,7326,2238,0847,5508,3958,84310,030
30/36 -----3,3952,3864,8436,5156,6165,7326,2238,0847,5508,3958,84310,030
40/41 1,089-62,53317,09713,2347,9899,07713,5227,6596,4396,5509,2115,7955,49810,6576782,042
40 1,089-62,53317,09713,2347,9899,07712,0347,2806,3966,4139,2115,7955,49810,657-1,390
41 -------1,48837943137----678652
54/58 3,3288,65414,3288,42341918,14339,9402,4045,8396,3992,8321,9602,95629619859355
490/1 519452634550365551546415510256--1,0871,227-2,9591,015
Balance sheet: equity and liabilities
10/49 6,1119,61778,64426,22414,60931,87954,80422,04523,42925,99923,40828,65231,52932,52342,48442,30547,729
10/15 -58,058-50,849-51,296-80,955-86,531-74,476-39,836-78,116-64,528-57,762-98,159-110,506-123,444-153,053-185,296-165,178-79,522
10/11 50,00050,00050,00050,00050,00050,00075,00075,00075,00075,00050,00050,00050,00050,00050,00050,00050,000
100 -----50,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000
101 ------25,00025,00025,00025,00050,00050,00050,00050,00050,00050,00050,000
14 -108,058-100,849-101,296-130,955-136,531-124,476-114,836-153,116-139,528-132,762-148,159-160,506-173,444-203,053-235,296-215,178-129,522
17/49 64,16960,466129,941107,179101,140106,35594,640100,16187,95783,761121,567139,158154,973185,576227,780207,483127,251
17 57,50057,50085,00085,00085,000-------9,51621,73733,95864,49570,376
170/4 ------------9,51621,73733,95864,49570,376
178/9 57,50057,50085,00085,00085,000------------
42/48 6,6692,96644,94122,17916,140106,35594,640100,16187,95783,761121,567139,158145,457163,839189,763142,98856,875
42 -----------8,62312,80712,22111,6435,8815,425
43 -----1201204082,2232,8113,5214,5012,6468,66512,51412,4042,927
430/8 -----1201204082,2232,8113,5214,5012,6468,66512,51412,4042,927
44 2,76432025,37712,9254,9841,3212,3483,5774,2191,7044,2796,0952,3748,01816,85215,26711,708
440/4 2,76432025,37712,9254,9841,3212,3483,5774,2191,7044,2796,0952,3748,01816,85215,26711,708
45 5101,51817,3344,3641,0298902,702--1,0885271,7971,1143,4555,69625,13112,054
450/3 5101,51817,3344,3641,0298902,702----1613861,1591456,0333,405
454/9 ---------1,0885271,6367282,2965,55119,0988,649
47/48 3,3951,1282,2304,89010,127104,02489,47096,17681,51578,158113,240118,142126,516131,480143,05884,30524,761
492/3 --------------4,059--
Income statement
9900 -5,4452,28131,2257,066-203-6,72041,791-1,50011,01235,20128,97720,03345,77472,46038,71018,612-58,745
62 ------2428,14313,11115,70711,3412,1262,75228,29948,16392,33459,492
630 4246392824376322,0631,8812,6173,2033,2032,9642,9254,7765,2825,9986,0967,435
631/4 ----10,055------------
640/8 1,0338551,1028639906951,2591,3651,3077341,7051,6995,8173,4552,1742,1031,398
9901 -6,90278729,8415,766-11,880-9,47838,409-13,625-6,60915,55712,96713,28332,42935,424-17,625-81,921-127,070
75/76B 4983--130--166195643322111321,025
75 4983--130--166195643322111321,025
65/66B 2142841821912051621291291582556843783,0413,1822,5063,7373,477
65 2142841821912051621291291582556843783,0413,1822,5063,7373,477
9903 -7,06858629,6585,576-11,955-9,64038,280-13,588-6,76615,39712,34712,93829,60932,243-20,118-85,656-129,522
67/77 141140---------------
9904 -7,20944729,6585,576-11,955-9,64038,280-13,588-6,76615,39712,34712,93829,60932,243-20,118-85,656-129,522
9905 -7,20944729,6585,576-11,955-9,64038,280-13,588-6,76615,39712,34712,93829,60932,243-20,118-85,656-129,522
Appropriation of the result
9906 -108,058-100,849-101,296-130,955-136,531-124,476-114,836-153,116-139,528-132,762-148,159-160,506-173,444-203,053-235,296-215,178-129,522
14P -100,849-101,296-130,955-136,531-124,576------------
Social balance sheet
9087 --------------1.42.73
Hours worked1013 --------------2,1604,3863,629
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 20 days after the deadline. Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408617.

Financial year Type Filed Reference Document
31-12-2025 micro format 20-08-2026 2026-00408617 PDF
31-12-2024 micro format 23-08-2025 2025-00394974 PDF
31-12-2023 micro format 05-08-2024 2024-00326698 PDF
31-12-2022 micro format 29-08-2023 2023-00376030 PDF
31-12-2021 micro format 29-08-2022 2022-20336655 PDF
31-12-2020 micro format 30-08-2021 2021-59800442 PDF
31-12-2019 micro format 31-08-2020 2020-48900089 PDF
31-12-2018 micro format 27-08-2019 2019-52500538 PDF
31-12-2017 micro format 24-08-2018 2018-51900345 PDF
31-12-2016 full format 28-08-2017 2017-51000356 PDF
31-12-2015 full format 25-08-2016 2016-49800374 PDF
31-12-2014 full format 28-08-2015 2015-53200536 PDF
31-12-2013 full format 09-09-2014 2014-58300361 PDF
31-12-2012 full format 27-08-2013 2013-49200530 PDF
31-12-2011 full format 27-08-2012 2012-53500007 PDF
31-12-2010 full format 26-10-2011 2011-58500550 PDF
31-12-2009 full format 24-09-2010 2010-55600061 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
-6,4781,42630,1236,203-11,248-7,41540,290-11,008-3,40618,76015,93116,20837,20540,706-11,627-75,825-119,635
-6,7841,08529,9406,013-11,323-7,57740,161-10,971-3,56318,60015,31115,86334,38537,525-14,120-79,560-122,087
1,08901,2770-5781,0093,875572-1801,19805764310074040,847
-5,326-5,6745,9058,004-17,724-21,79737,536-3,435-5603,567872-9962,66098-395538-
-1,7336,14032,5543,891-2,122-76,277-42,691-78,977-67,434-64,051-106,453-121,764-127,535-149,268-170,513-129,915-43,733
-950.1%-528.7%-65.2%-308.7%-592.3%-233.6%-72.7%-354.3%-275.4%-222.2%-419.3%-385.7%-391.5%-470.6%-436.2%-390.4%-166.6%
0.743.071.721.180.870.280.550.210.230.240.120.120.120.090.100.090.23
0.743.071.721.180.870.250.520.160.160.160.080.080.070.040.060.030.05
-118.0%4.6%37.7%21.3%-81.8%-30.2%69.8%-61.6%-28.9%59.2%52.7%45.2%93.9%99.1%-47.4%-202.5%-271.4%
-30.255.03over 10032.56-54.99------------

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,089-€1,277--
€424€639€282€437€632

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on UPGRADING

The operating result for 2025 is a loss of €6,902, after a profit of €787 in 2024. It is the lowest result since 2021.

Equity is negative. Debt (€64,169) exceeds the balance-sheet total (€6,111).

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

We would like to set cookies. That happens only with your consent. What we measure