UPM is a wholesaler in Antwerpen. Public Limited, started on 1 January 1969, 1 establishment.

What is the address of UPM?

The registered office of UPM is located at Katwilgweg 2, 2050 Antwerpen.

Yes. According to the CBE (29 October 2026) UPM is active, legal situation “Normale toestand”, started on 1 January 1969.

Is UPM registered on Peppol?

Yes, UPM is registered on the Peppol network with ID 0208:0406082778.

What is the enterprise number of UPM?

The enterprise number of UPM is BE0406082778.

When was UPM founded?

UPM was founded on 1 January 1969.

Who are the directors of UPM?

According to the 2024 annual accounts, the directors of UPM are: Jarkko Mikko Airamaa, Jan Vollaard, Robertus Cornelis Post, Sanna-Mari Toivonen.

Is UPM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1969; 4 annual accounts filed, latest fiscal year 2024; 4 directors known from the annual account.

How much profit did UPM make in 2024?

UPM posted a profit after taxes of € 111,240 in financial year 2024.

What is the revenue of UPM?

In its most recent annual accounts (2024), UPM reported revenue of € 2,170,171.

How much does an employee at UPM earn?

The average wage cost per full-time employee at UPM was € 130,000 in 2024: staff costs of € 3.8 million for 29.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does UPM have?

According to the 2024 annual accounts, UPM has 29.3 full-time equivalents (FTE).

UPM (Public Limited) - Antwerpen - BE0406082778

Dossier UPM, printed on 29 October 2026 from databakkes.be/en/0406082778/upm. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

19 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2024

UPM from Antwerpen, company number BE0406082778, closed financial year 2024 with a result of € 111,240 after tax. For that financial year UPM recorded revenue of € 2.2 million and equity of € 1.6 million. Compared with financial year 2023, the result moved from € 168,565 to € 111,240. The company is profitable. 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 July 10, 2025.

What it is worth Growing

€ 1.6 million

▲ 7% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 111,240

▼ 34% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 2.1 million

▼ 7% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 1.6 million.

People and assets in 2024

Full-time equivalents

29.3

▲ 1.6 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 550,281 in 2024, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3.8 million

▲ 5% vs 2023

€ 130,000 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.

Debts at end 2024

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 143,902

▼ 85% vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 95 days on average.

Taxes and wages

€ 1.1 million

▲ 73% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 1,319,141 Revenue 2021: € 1,319,141 First fiscal year in the series	€ 1,465,755 Revenue 2022: € 1,465,755 ▲ 11% vs 2021 (€ 1,319,141) Favourable step	€ 2,469,737 Revenue 2023: € 2,469,737 ▲ 68% vs 2022 (€ 1,465,755) Favourable step	€ 2,170,171 Revenue 2024: € 2,170,171 ▼ 12% vs 2023 (€ 2,469,737) Unfavourable step	▼ 12%
Profit after taxes	€ 143,702 Profit after taxes 2021: € 143,702 First fiscal year in the series	€ 86,599 Profit after taxes 2022: € 86,599 ▼ 40% vs 2021 (€ 143,702) Unfavourable step	€ 168,565 Profit after taxes 2023: € 168,565 ▲ 95% vs 2022 (€ 86,599) Favourable step	€ 111,240 Profit after taxes 2024: € 111,240 ▼ 34% vs 2023 (€ 168,565) Unfavourable step	▼ 34%
Equity	€ 1,275,816 Equity 2021: € 1,275,816 First fiscal year in the series	€ 1,362,416 Equity 2022: € 1,362,416 ▲ 7% vs 2021 (€ 1,275,816) Favourable step	€ 1,530,981 Equity 2023: € 1,530,981 ▲ 12% vs 2022 (€ 1,362,416) Favourable step	€ 1,642,221 Equity 2024: € 1,642,221 ▲ 7% vs 2023 (€ 1,530,981) Favourable step	▲ 7%
Total debts	€ 812,308 Total debts 2021: € 812,308 First fiscal year in the series	€ 934,396 Total debts 2022: € 934,396 ▲ 15% vs 2021 (€ 812,308) Unfavourable step	€ 1,598,728 Total debts 2023: € 1,598,728 ▲ 71% vs 2022 (€ 934,396) Unfavourable step	€ 1,247,729 Total debts 2024: € 1,247,729 ▼ 22% vs 2023 (€ 1,598,728) Favourable step	▼ 22%
Cash	€ 1,711,270 Cash 2021: € 1,711,270 First fiscal year in the series	€ 967,404 Cash 2022: € 967,404 ▼ 43% vs 2021 (€ 1,711,270) Unfavourable step	€ 2,293,955 Cash 2023: € 2,293,955 ▲ 137% vs 2022 (€ 967,404) Favourable step	€ 2,133,775 Cash 2024: € 2,133,775 ▼ 7% vs 2023 (€ 2,293,955) Unfavourable step	▼ 7%
Retained profit	€ 1,213,816 Retained profit 2021: € 1,213,816 First fiscal year in the series	€ 1,300,416 Retained profit 2022: € 1,300,416 ▲ 7% vs 2021 (€ 1,213,816) Favourable step	€ 1,468,981 Retained profit 2023: € 1,468,981 ▲ 13% vs 2022 (€ 1,300,416) Favourable step	€ 1,580,221 Retained profit 2024: € 1,580,221 ▲ 8% vs 2023 (€ 1,468,981) Favourable step	▲ 8%
Balance sheet total	€ 2,088,125 Balance sheet total 2021: € 2,088,125 First fiscal year in the series	€ 2,296,811 Balance sheet total 2022: € 2,296,811 ▲ 10% vs 2021 (€ 2,088,125) Unchanged	€ 3,372,491 Balance sheet total 2023: € 3,372,491 ▲ 47% vs 2022 (€ 2,296,811) Unchanged	€ 2,899,950 Balance sheet total 2024: € 2,899,950 ▼ 14% vs 2023 (€ 3,372,491) Unchanged	▼ 14%
Employees (FTE)	29 Employees (FTE) 2021: 29 First fiscal year in the series	29.5 Employees (FTE) 2022: 29.5 ▲ 0.5 vs 2021 (29) Unchanged	27.7 Employees (FTE) 2023: 27.7 ▼ 1.8 vs 2022 (29.5) Unchanged	29.3 Employees (FTE) 2024: 29.3 ▲ 1.6 vs 2023 (27.7) Unchanged	▲ 1.6

Key figures of UPM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to UPM?

What happened at UPM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Jan Vollaard stepped down as director. NBB
2028 Sanna-Mari Toivonen stepped down as director. NBB
2026 Jarkko Mikko Airamaa stepped down as director. NBB
Jul 10, 2025 New annual accounts for financial year 2024: profit of € 111,240 (▼ 34% vs 2023). Source: NBB ↗
2025 Robertus Cornelis Post stepped down as director. NBB
2022 Jan Vollaard became a director. NBB
2022 Sanna-Mari Toivonen became a director. NBB
2020 Jarkko Mikko Airamaa became a director. NBB

In short

From € 143,702 profit in 2021 to € 111,240 profit in 2024.

Paid € 287,631 in corporate taxes since 2021.

Best year ever: 2023, with € 168,565 profit.

Pays suppliers within 95 days on average.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2024 annual accounts

Jarkko Mikko Airamaa

Director

since 2020 · until 2026

Jan Vollaard

Director

since 2022 · until 2028

Robertus Cornelis Post

Director

since 2019 · until 2025

Sanna-Mari Toivonen

Director

since 2022 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

Katwilgweg 2

2050 Antwerpen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.

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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0406.082.778

VAT number

BE 0406.082.778

Registered office

Katwilgweg 2, 2050 Antwerpen

Names & denominations

UPM

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1969

Peppol

Active · Active since 15 Apr 2026

Activities · NACE

Groothandel in papier- en kartonwaren

Groothandel in papierwaren, kantoor- en schoolbehoeften

View on CBE Public ↗ Annual accounts (NBB) ↗

UPM

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Financials

What happened to UPM?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions