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Busy address KBO
63 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
UPGRADE ESTATE GROUP from Gent, company number BE0400927922, closed financial year 2026 with a result of € 4.3 million after tax. For that financial year UPGRADE ESTATE GROUP recorded a gross margin of € 2.7 million and equity of € 54.7 million. Compared with financial year 2025, the result moved from € 1.3 million to € 4.3 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2026.
€ 54.7 million
▲ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.3 million
▲ 222% vs 2025
Profit after tax over the fiscal year.
€ 2.2 million
▲ € 1.8 million vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 30 million.
People and assets in 2026
41
▲ 2.5 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 10% vs 2025
€ 70,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 497,716
▲ 63% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 250,161
▼ 45% vs 2025
€ 142,989 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 206,312
▼ 6% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 389,125
▲ 12% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 2,173,748 | € 2,223,780 | € 3,026,019 | € 2,698,658 | ▼ 11% |
| Profit after taxes | € 83,854 | € 4,769,207 | € 1,337,682 | € 4,305,137 | ▲ 222% |
| Equity | € 863,073 | € 49,112,939 | € 50,387,851 | € 54,692,988 | ▲ 9% |
| Total debts | € 3,361,915 | € 17,004,542 | € 46,193,883 | € 76,360,854 | ▲ 65% |
| Cash | € 1,156,612 | € 651,512 | € 385,516 | € 2,174,316 | ▲ € 1.8 million |
| Land & buildings | € 1,764,975 | € 1,718,274 | € 1,476,499 | € 1,326,125 | ▼ 10% |
| Retained profit | € 120,624 | € 24,301,398 | € 25,650,862 | € 29,967,780 | ▲ 17% |
| Dividend | € 600,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 902,672 | € 670,519 | € 452,753 | € 250,161 | ▼ 45% |
| Balance sheet total | € 4,224,989 | € 66,117,481 | € 96,581,734 | € 131,053,842 | ▲ 36% |
| Employees (FTE) | 33.1 | 33.8 | 38.5 | 41 | ▲ 2.5 |
Key figures of UPGRADE ESTATE GROUP, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to UPGRADE ESTATE GROUP?
What happened at UPGRADE ESTATE GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hilde Cloostermans-Huwaert stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 4.3 million (▲ 222% vs 2025). Source: NBB ↗
- Hilde Cloostermans-Huwaert became a director. NBB
- Tweak It BV became a director. NBB
- Kurt Verweire BV became a director. NBB
- Nele Van Damme became a director. NBB
- Koenraad Belsack became a director. NBB
- Kossaat BV became a director. NBB
In short
From € 83,854 profit in 2023 to € 4.3 million profit in 2026.
Paid € 94,579 in corporate taxes since 2023.
Best year ever: 2024, with € 4.8 million profit.
On average € 65,800 of value added per employee in 2026.
Management
Behind UPGRADE ESTATE GROUP are Tweak It BV, Kurt Verweire BV, Nele Van Damme, Koenraad Belsack and Kossaat BV. The same people are also behind level-UP. Kurt Verweire BV is also behind TREVI and Vlerick Partner. Nele Van Damme is also behind HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia and MOEDER LAMBIC. Koenraad Belsack is also behind TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR, Timi UpKot and 10 Upkot.
Directors
According to the 2026 annual accounts
since 2023
Director · represented by Kurt Verweire
Also active at: TREVI, Vlerick Partner, level-UP
since 2023
Nele Van Damme
Managing director
Also active at: HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, MOEDER LAMBIC, Upliving Ghent - Queen, M.G.D. Belgium, FEGEPRO +38 more
since 2023
Koenraad Belsack
Managing director
Also active at: TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, Upliving Ghent - Queen, M.G.D. Belgium +45 more
since 2023
since 2023
Hilde Cloostermans-Huwaert
Director
Also active at: TRY DENDERMONDE, DEBOTREND, TERDI, B.V.N.C., level-UP
since 2025 · until 2027
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.
All companies at this address →WESTATE same network
€ 40,264 gross margin · 2025
Immostal
€ -50,350 gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Gandia same network
€ 43,171 gross margin · 2025
+58 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0400.927.922
- VAT number
- BE 0400.927.922
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- UPGRADE ESTATE GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 1955
- Peppol
- Active · Active since 22 May 2025
- Contact
- upgrade-estate.be
- Activities · NACE
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