What does UPDATE ORTHOPAEDICS ASSOCIATES do?

UPDATE ORTHOPAEDICS ASSOCIATES is a wholesaler in Sint-Martens-Latem. Public Limited, started on 14 February 2002, 2 establishments.

What is the address of UPDATE ORTHOPAEDICS ASSOCIATES?

The registered office of UPDATE ORTHOPAEDICS ASSOCIATES is located at Nelemeersstraat 72, 9830 Sint-Martens-Latem.

Is UPDATE ORTHOPAEDICS ASSOCIATES still active?

Yes. According to the CBE (31 October 2026) UPDATE ORTHOPAEDICS ASSOCIATES is active, legal situation “Normale toestand”, started on 14 February 2002.

Is UPDATE ORTHOPAEDICS ASSOCIATES registered on Peppol?

Yes, UPDATE ORTHOPAEDICS ASSOCIATES is registered on the Peppol network with ID 0208:0476874269.

What is the enterprise number of UPDATE ORTHOPAEDICS ASSOCIATES?

The enterprise number of UPDATE ORTHOPAEDICS ASSOCIATES is BE0476874269.

When was UPDATE ORTHOPAEDICS ASSOCIATES founded?

UPDATE ORTHOPAEDICS ASSOCIATES was founded on 14 February 2002.

Who are the directors of UPDATE ORTHOPAEDICS ASSOCIATES?

According to the 2025 annual accounts, the directors of UPDATE ORTHOPAEDICS ASSOCIATES are: UPDATE ORTHOPAEDICS BV, ORTHOMEDICS BV.

Is UPDATE ORTHOPAEDICS ASSOCIATES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 February 2002; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did UPDATE ORTHOPAEDICS ASSOCIATES make in 2025?

UPDATE ORTHOPAEDICS ASSOCIATES posted a profit after taxes of € 73,833 in financial year 2025.

What is the revenue of UPDATE ORTHOPAEDICS ASSOCIATES?

As a small company, UPDATE ORTHOPAEDICS ASSOCIATES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,070,171.

How much does an employee at UPDATE ORTHOPAEDICS ASSOCIATES earn?

The average wage cost per full-time employee at UPDATE ORTHOPAEDICS ASSOCIATES was € 88,500 in 2025: staff costs of € 805,151 for 9.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does UPDATE ORTHOPAEDICS ASSOCIATES have?

According to the 2025 annual accounts, UPDATE ORTHOPAEDICS ASSOCIATES has 9.1 full-time equivalents (FTE).

Does UPDATE ORTHOPAEDICS ASSOCIATES have a website?

Yes, UPDATE ORTHOPAEDICS ASSOCIATES has a website at update-orthopedie.be.

UPDATE ORTHOPAEDICS ASSOCIATES (Public Limited)

Dossier UPDATE ORTHOPAEDICS ASSOCIATES, printed on 1 November 2026 from databakkes.be/en/0476874269/update-orthopaedics-associates. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

UPDATE ORTHOPAEDICS ASSOCIATES from Sint-Martens-Latem, company number BE0476874269, closed financial year 2025 with a result of € 73,833 after tax. For that financial year UPDATE ORTHOPAEDICS ASSOCIATES recorded a gross margin of € 1.1 million and equity of € 898,258. Compared with financial year 2024, the result moved from € -8,175 to € 73,833. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.

What it is worth Healthy

€ 898,258

▼ 7% vs 2024

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

Profit Growing

€ 73,833

▲ still € 8,175 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 363,400

▲ 35% vs 2024

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

Where the profit goes Pays out

€ 145,200 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

9.1

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

Wage cost

€ 805,151

▲ 5% vs 2024

€ 88,500 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.

Vehicles and equipment

€ 138,183

▼ 24% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 361,939

▼ 9% vs 2024

€ 36,491 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 290,626

▲ 16% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 132,112

▲ 32% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 719,054 Gross margin 2022: € 719,054 First fiscal year in the series	€ 787,945 Gross margin 2023: € 787,945 ▲ 10% vs 2022 (€ 719,054) Favourable step	€ 823,174 Gross margin 2024: € 823,174 ▲ 4% vs 2023 (€ 787,945) Favourable step	€ 1,070,171 Gross margin 2025: € 1,070,171 ▲ 30% vs 2024 (€ 823,174) Favourable step	▲ 30%
Profit after taxes	€ 109,153 Profit after taxes 2022: € 109,153 First fiscal year in the series	€ 41,192 Profit after taxes 2023: € 41,192 ▼ 62% vs 2022 (€ 109,153) Unfavourable step	€ -8,175 Profit after taxes 2024: € -8,175 ▼ € 49,367 vs 2023 (€ 41,192) Unfavourable step	€ 73,833 Profit after taxes 2025: € 73,833 ▲ € 82,008 vs 2024 (€ -8,175) Favourable step	▲ € 82,008
Equity	€ 936,608 Equity 2022: € 936,608 First fiscal year in the series	€ 977,800 Equity 2023: € 977,800 ▲ 4% vs 2022 (€ 936,608) Favourable step	€ 969,625 Equity 2024: € 969,625 ▼ 1% vs 2023 (€ 977,800) Unfavourable step	€ 898,258 Equity 2025: € 898,258 ▼ 7% vs 2024 (€ 969,625) Unfavourable step	▼ 7%
Total debts	€ 625,075 Total debts 2022: € 625,075 First fiscal year in the series	€ 622,241 Total debts 2023: € 622,241 Unchanged (€ 625,075) Favourable step	€ 764,585 Total debts 2024: € 764,585 ▲ 23% vs 2023 (€ 622,241) Unfavourable step	€ 797,178 Total debts 2025: € 797,178 ▲ 4% vs 2024 (€ 764,585) Unfavourable step	▲ 4%
Cash	€ 179,245 Cash 2022: € 179,245 First fiscal year in the series	€ 172,004 Cash 2023: € 172,004 ▼ 4% vs 2022 (€ 179,245) Unfavourable step	€ 269,950 Cash 2024: € 269,950 ▲ 57% vs 2023 (€ 172,004) Favourable step	€ 363,400 Cash 2025: € 363,400 ▲ 35% vs 2024 (€ 269,950) Favourable step	▲ 35%
Retained profit	€ 750,608 Retained profit 2022: € 750,608 First fiscal year in the series	€ 791,800 Retained profit 2023: € 791,800 ▲ 5% vs 2022 (€ 750,608) Favourable step	€ 783,625 Retained profit 2024: € 783,625 ▼ 1% vs 2023 (€ 791,800) Unfavourable step	€ 712,258 Retained profit 2025: € 712,258 ▼ 9% vs 2024 (€ 783,625) Unfavourable step	▼ 9%
Dividend	€ 100,000 Dividend 2022: € 100,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 100,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 145,200 Dividend 2025: € 145,200 Unchanged (€ 0) Unchanged
Bank debt	€ 138,832 Bank debt 2022: € 138,832 First fiscal year in the series	€ 288,125 Bank debt 2023: € 288,125 ▲ 108% vs 2022 (€ 138,832) Unfavourable step	€ 395,994 Bank debt 2024: € 395,994 ▲ 37% vs 2023 (€ 288,125) Unfavourable step	€ 361,939 Bank debt 2025: € 361,939 ▼ 9% vs 2024 (€ 395,994) Favourable step	▼ 9%
Balance sheet total	€ 1,561,682 Balance sheet total 2022: € 1,561,682 First fiscal year in the series	€ 1,600,041 Balance sheet total 2023: € 1,600,041 ▲ 2% vs 2022 (€ 1,561,682) Unchanged	€ 1,734,210 Balance sheet total 2024: € 1,734,210 ▲ 8% vs 2023 (€ 1,600,041) Unchanged	€ 1,695,436 Balance sheet total 2025: € 1,695,436 ▼ 2% vs 2024 (€ 1,734,210) Unchanged	▼ 2%
Employees (FTE)	8.8 Employees (FTE) 2022: 8.8 First fiscal year in the series	9.3 Employees (FTE) 2023: 9.3 ▲ 0.5 vs 2022 (8.8) Unchanged	9.1 Employees (FTE) 2024: 9.1 ▼ 0.2 vs 2023 (9.3) Unchanged	9.1 Employees (FTE) 2025: 9.1 Unchanged (9.1) Unchanged

Key figures of UPDATE ORTHOPAEDICS ASSOCIATES, 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 UPDATE ORTHOPAEDICS ASSOCIATES?

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

2032 UPDATE ORTHOPAEDICS BV stepped down as director. NBB
2032 ORTHOMEDICS BV stepped down as director. NBB
Aug 25, 2026 New annual accounts for financial year 2025: profit of € 73,833. filed late Source: NBB ↗
2026 UPDATE ORTHOPAEDICS BV became a director. NBB
2026 ORTHOMEDICS BV became a director. NBB
Jan 1, 2020 New establishment in Wetteren. KBO
Mar 8, 2002 New establishment in Sint-Martens-Latem. KBO
Feb 14, 2002 Start of the company according to the CBE. KBO

In short

From € 109,153 profit in 2022 to € 73,833 profit in 2025.

Paid € 90,302 in corporate taxes since 2022.

Best year ever: 2022, with € 109,153 profit.

On average € 117,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

ORTHOMEDICS 50%

UPDATE ORTHOPAEDICS 50%

The stake of ORTHOMEDICS, UPDATE ORTHOPAEDICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

UPDATE ORTHOPAEDICS ASSOCIATES

The shares are held by ORTHOMEDICS (50%) and UPDATE ORTHOPAEDICS (50%).

Directors

According to the 2025 annual accounts

UPDATE ORTHOPAEDICS BV

Managing director · represented by Koen VERSCHUERE

since 2026 · until 2032

ORTHOMEDICS BV

Managing director · represented by TIM BRAECKMAN

since 2026 · until 2032

Shareholders

ORTHOMEDICS

50%

UPDATE ORTHOPAEDICS

50%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Nelemeersstraat 72

9830 Sint-Martens-Latem

2.300.949.272

Biezeweg 13

9230 Wetteren

Active since 1 January 2020

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 →

UPDATE ORTHOPAEDICS same network

€ -8,611 gross margin · 2025

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

Website

HTTPS update-orthopedie.be

Technologies

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Website info

HTTPS Ja

Languages ES

Features

Blog Contact page

Details

Company number

0476.874.269

VAT number

BE 0476.874.269

Registered office

Nelemeersstraat 72, 9830 Sint-Martens-Latem

Names & denominations

UPDATE ORTHOPAEDICS ASSOCIATES

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

14 February 2002

Peppol

Active · Active since 5 Oct 2026

Contact

update-orthopedie.be

Activities · NACE

Groothandel in farmaceutische en medische artikelen

Groothandel in farmaceutische producten

Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren

Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen

Handelsbemiddeling in meubels, huishoudelijke artikelen en ijzerwaren

Detailhandel in medische en orthopedische artikelen

Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels

View on CBE Public ↗ Annual accounts (NBB) ↗

UPDATE ORTHOPAEDICS ASSOCIATES

Financials

What happened to UPDATE ORTHOPAEDICS ASSOCIATES?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Website info

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Details

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