Financials
Financial year 2024
UPDATE ORTHOPAEDICS from Sint-Martens-Latem, company number BE0453484797, closed financial year 2024 with a result of € 61,655 after tax. For that financial year UPDATE ORTHOPAEDICS recorded a gross margin of € 120,170 and equity of € 348,102. Compared with financial year 2023, the result moved from € 53,733 to € 61,655. 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 August 23, 2025.
€ 348,102
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 61,655
▲ 15% vs 2023
Profit after tax over the fiscal year.
€ 45,646
▼ 44% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 60,000 paid out
97 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 157,812
▲ 140% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 112,666
▲ 81% vs 2023
€ 22,557 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 11,459
▲ 67% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 34,804
▲ 294% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 117,744 | € 116,252 | € 92,671 | € 120,170 | ▲ 30% |
| Profit after taxes | € 33,697 | € 17,609 | € 53,733 | € 61,655 | ▲ 15% |
| Equity | € 390,105 | € 352,714 | € 346,447 | € 348,102 | |
| Total debts | € 154,247 | € 126,098 | € 83,634 | € 158,929 | ▲ 90% |
| Cash | € 139,658 | € 153,755 | € 80,901 | € 45,646 | ▼ 44% |
| Land & buildings | € 148,202 | € 124,322 | € 174,193 | € 182,360 | ▲ 5% |
| Retained profit | € 327,605 | € 290,214 | € 283,947 | € 285,602 | ▲ 1% |
| Dividend | € 30,000 | € 55,000 | € 60,000 | € 60,000 | |
| Bank debt | € 119,775 | € 96,228 | € 62,403 | € 112,666 | ▲ 81% |
| Balance sheet total | € 544,352 | € 478,812 | € 430,080 | € 507,031 | ▲ 18% |
Key figures of UPDATE ORTHOPAEDICS, 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 UPDATE ORTHOPAEDICS?
What happened at UPDATE ORTHOPAEDICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 61,655 (▲ 15% vs 2023). filed late Source: NBB ↗
- Arnaud VERSCHUERE became a director. NBB
- Koen VERSCHUERE became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,697 profit in 2021 to € 61,655 profit in 2024.
Paid € 96,789 in corporate taxes since 2021.
Best year ever: 2024, with € 61,655 profit.
Paid out € 205,000 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
Behind UPDATE ORTHOPAEDICS are Arnaud VERSCHUERE and Koen VERSCHUERE. It owns 50% of Update Orthopaedics Associates NV itself.
Directors
According to the 2024 annual accounts
Arnaud VERSCHUERE
Director
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Nelemeersstraat 72
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.484.797
- VAT number
- BE 0453.484.797
- Registered office
- Nelemeersstraat 72, 9830 Sint-Martens-Latem
- Names & denominations
- UPDATE ORTHOPAEDICS · UDO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 September 1994
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Detailhandel in medische en orthopedische artikelen
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