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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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
U-PGRADE from Antwerpen, company number BE0451666840, closed financial year 2025 with a result of € -347,261 after tax. For that financial year U-PGRADE recorded a gross margin of € 1.1 million and equity of € 5.8 million. Compared with financial year 2024, the result moved from € -343,616 to € -347,261. 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 August 28, 2026.
€ 5.8 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -347,261
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 55,919
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2025
€ 39,749
▲ 16% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,216
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20.3 million
▲ 7% vs 2024
€ 92,074 is repaid this year. At this pace the long-term loan is gone in ≈ 220 years.
€ 16,708
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,922
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 540,153 | € 597,707 | € 853,090 | € 1,067,818 | ▲ 25% |
| Profit after taxes | € -319,390 | € -605,202 | € -343,616 | € -347,261 | ▼ € 3,645 |
| Equity | € 7,496,546 | € 6,891,344 | € 6,547,727 | € 5,800,467 | ▼ 11% |
| Total debts | € 10,952,281 | € 14,825,486 | € 19,006,275 | € 20,388,366 | ▲ 7% |
| Cash | € 90,816 | € 3,448 | € 44,424 | € 55,919 | ▲ 26% |
| Land & buildings | € 12,220,448 | € 15,299,384 | € 19,119,637 | € 20,404,292 | ▲ 7% |
| Retained profit | € -309,202 | € -820,451 | € -1,070,114 | € -1,723,422 | ▼ € 653,307 |
| Dividend | € 0 | € 0 | € 0 | € 400,000 | |
| Bank debt | € 10,876,253 | € 14,770,768 | € 18,974,585 | € 20,295,476 | ▲ 7% |
| Balance sheet total | € 18,448,827 | € 21,716,830 | € 25,554,003 | € 26,188,833 | ▲ 2% |
Key figures of U-PGRADE, 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 U-PGRADE?
What happened at U-PGRADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 347,261. filed late Source: NBB ↗
- EDGICA NV became a director. NBB
- FL KWADRAAT BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 319,390 loss in 2022 to € 347,261 loss in 2025.
Paid out € 400,000 in dividends to the owners in total.
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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
The stake of EDGICA, FL KWADRAAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
U-PGRADEBehind U-PGRADE are EDGICA NV and FL KWADRAAT BV. The shares are held by EDGICA (50%) and FL KWADRAAT (50%).
Directors
According to the 2025 annual accounts
Director · represented by Eddy Van Arwegen
Also active at: Treft, FRIGAST, IMMO BLOKHUIS, MALINAS PROJECT, NORTH BAY, GFE HOLDING, RESOLVE, Vandenbroeck Logistics
since 2026
since 2026
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bosmanslei 26
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →KONTICH REAL ESTATE
€ 2.2 million gross margin · 2025
Treft same network
€ 438,744 gross margin · 2025
LAMMEKEN
€ -2,940 gross margin · 2025
FRIGAST same network
€ 176,588 gross margin · 2025
EDGICA same network
€ 1 million gross margin · 2024
+12 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
- 0451.666.840
- VAT number
- BE 0451.666.840
- Registered office
- Bosmanslei 26, 2018 Antwerpen
- Names & denominations
- U-PGRADE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 1993
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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Handel in eigen onroerend goed
Verhuur van niet-residentiële gebouwen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen