Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Gandia from Gent, company number BE0427657459, closed financial year 2025 with a result of € -114,895 after tax. For that financial year Gandia recorded a gross margin of € 43,171 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -299,746 to € -114,895. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 1.4 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -114,895
▲ 62 % less loss than in 2024
Profit after tax over the fiscal year.
€ 30,161
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -542,652.
Debts at end 2025
€ 3.6 million
Loans from banks and other lenders, long and short.
€ 6,509
▲ € 5,066 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 40,316 | € 28,093 | € 4,335 | € 43,171 | ▲ € 38,836 |
| Profit after taxes | € -79,826 | € -154,661 | € -299,746 | € -114,895 | ▲ € 184,852 |
| Equity | € 113,413 | € 1,765,357 | € 1,465,610 | € 1,350,716 | ▼ 8% |
| Total debts | € 1,347,191 | € 4,473,729 | € 3,642,160 | € 3,624,786 | |
| Cash | € 73,494 | € 25,688 | € 39,632 | € 30,161 | ▼ 24% |
| Land & buildings | € 1,363,299 | € 3,134,205 | € 3,098,713 | € 3,063,222 | ▼ 1% |
| Retained profit | € 26,650 | € -128,011 | € -427,758 | € -542,652 | ▼ € 114,895 |
| Bank debt | € 0 | € 4,450,100 | € 3,613,475 | € 3,614,675 | |
| Balance sheet total | € 1,460,604 | € 6,239,085 | € 5,107,770 | € 4,975,502 | ▼ 3% |
Key figures of Gandia, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Gandia?
What happened at Gandia in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- UPscale BV stepped down as director. NBB
- Koenraad Belsack stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 114,895. Source: NBB ↗
- UPscale BV became a director. NBB
- Koenraad Belsack became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 79,826 loss in 2022 to € 114,895 loss in 2025.
A new publication or filing at Gandia? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Managing director · represented by Nele Van Damme
Also active at: VDB-CONCEPT, TAPAZZ, ALICE IMMO, IMMO BERTRAND
since 2024 · until 2030
Koenraad Belsack
Managing director
Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Upliving Ghent - Queen, M.G.D. Belgium +45 more
since 2024 · until 2030
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 62 companies are registered at this address.
All companies at this address →UPGRADE ESTATE GROUP same network
€ 3 million gross margin · 2025
WESTATE same network
€ 40,264 gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Upliving Ghent - Queen same network
€ 323,989 gross margin · 2025
+57 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.657.459
- VAT number
- BE 0427.657.459
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- Gandia
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1984
- Peppol
- Active · Active since 22 May 2025