Equity
-€256,296
Debts exceed assets in financial year 2025.
Upgrado
Lifetime
5 annual accounts with figures on one time axispeak €52,655 (2024)
-€11,703▼ €64,357
lowest -€91,683 (2022)
-€71,734▼ €39,901
peak -€21,778 (2021)
-€256,296▼ €71,734
€264,931▲ 33.3%
peak 1 FTE (2022)
1 FTEunchanged
Board1 name since 2020
1 director
Documentsfilings and deeds
12-10-202673 days late
2025abbreviated format
Gross margin from €52,655 to -€11,703Loss of €71,734Equity from -€184,562 to -€256,296Debts from €198,775 to €264,931Cash from €5,474 to €1,828
Key points
from the 2025 annual accountsLosses
-€257,296 in five years
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€264,931 3,068% of the balance sheet
Suppliers 4%Taxes and wages 9%Other 87%
Filings
5 annual accounts 73 days
Latest accounts filed late: after the legal deadline.
Starting capital
€1,000 100 shares
At the same address
85 companies
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,007 companies had the same profile as Upgrado has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,007 companies, not a prediction for Upgrado. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, , since 20-11-2020
- founderdeed of 24-11-2020
- founderdeed of 24-11-2020
- founderdeed of 24-11-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758630367
Incorporation
Founding capital of €1,000, 100 shares · Founders: , ., . and 1 other · Appointment: (director) · published on 24-11-2020 · Gazette deed
First establishment
Kapelsesteenweg 292, Brasschaat
Official details
Source: KBO- Status
- Active since 20-11-2020Normal situation
- Registered office
- 86 active companies are registered at this addressSource: KBO register, as of 12 November 2026.
- Activity
- “Het bouwen en laten bouwen d.m.v. projectontwikkeling,het verwerven,beheren,exploiteren,huren en verhuren,vervreemden van onroerende goederen en…” (deed in Dutch)From the articles, 5 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.309.890.4942930 Brasschaat, since 20-11-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Insights on Upgrado
Upgrado files the abbreviated format. That format states no turnover. The gross margin rose from -€18,163 in 2021 to -€11,703 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Upgrado
- What is the company number of Upgrado?
- The company number of Upgrado is 0758.630.367. The VAT number is the same number with BE in front: BE 0758.630.367.
- Where is Upgrado based?
- The registered office is at Kapelsesteenweg 292, 2930 Brasschaat.Company details
- What is the legal form of Upgrado?
- Upgrado is a private limited company (BV).
- When was Upgrado founded?
- Upgrado was founded on 20-11-2020.
- Is Upgrado still active?
- Yes, Upgrado is an active enterprise in the KBO register.
- How many employees does Upgrado have?
- Upgrado had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Upgrado?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is Upgrado profitable?
- In financial year 2025, Upgrado made a loss of €71,734.
- Where can I find the annual accounts of Upgrado?
- Upgrado filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Upgrado due?
- Upgrado must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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