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.
€ 898,258
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 73,833
▲ still € 8,175 loss in 2024
Profit after tax over the fiscal year.
€ 363,400
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 145,200 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
9.1
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 138,183
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 361,939
▼ 9% vs 2024
€ 36,491 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 290,626
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 132,112
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 719,054 | € 787,945 | € 823,174 | € 1,070,171 | ▲ 30% |
| Profit after taxes | € 109,153 | € 41,192 | € -8,175 | € 73,833 | ▲ € 82,008 |
| Equity | € 936,608 | € 977,800 | € 969,625 | € 898,258 | ▼ 7% |
| Total debts | € 625,075 | € 622,241 | € 764,585 | € 797,178 | ▲ 4% |
| Cash | € 179,245 | € 172,004 | € 269,950 | € 363,400 | ▲ 35% |
| Retained profit | € 750,608 | € 791,800 | € 783,625 | € 712,258 | ▼ 9% |
| Dividend | € 100,000 | € 0 | € 0 | € 145,200 | |
| Bank debt | € 138,832 | € 288,125 | € 395,994 | € 361,939 | ▼ 9% |
| Balance sheet total | € 1,561,682 | € 1,600,041 | € 1,734,210 | € 1,695,436 | ▼ 2% |
| Employees (FTE) | 8.8 | 9.3 | 9.1 | 9.1 |
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:
- UPDATE ORTHOPAEDICS BV stepped down as director. NBB
- ORTHOMEDICS BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 73,833. filed late Source: NBB ↗
- UPDATE ORTHOPAEDICS BV became a director. NBB
- ORTHOMEDICS BV became a director. NBB
- New establishment in Wetteren. KBO
- New establishment in Sint-Martens-Latem. KBO
- 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.
A new publication or filing at UPDATE ORTHOPAEDICS ASSOCIATES? 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
The stake of UPDATE ORTHOPAEDICS, ORTHOMEDICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
UPDATE ORTHOPAEDICS ASSOCIATESThe shares are held by UPDATE ORTHOPAEDICS (50%) and ORTHOMEDICS (50%).
Directors
According to the 2025 annual accounts
Managing director · represented by Koen VERSCHUERE
since 2026 · until 2032
Managing director · represented by TIM BRAECKMAN
since 2026 · until 2032
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nelemeersstraat 72
9830 Sint-Martens-Latem
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Website info
Features
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 3 Oct 2025
- Contact
- update-orthopedie.be
- Activities · NACE
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