Financials
Financial year 2025
Worth noting
- Little cash and receivables against the short-term debts.
Gross margin
€ 3.6 million
▼ 58% vs 2024
Profit
Healthy€ 2 million
▼ 61% vs 2024
Debts
Low€ 95.7 million
▲ 57% vs 2024
UPscale from Gent, company number BE0544749822, closed financial year 2025 with a result of € 2 million after tax. For that financial year UPscale recorded a gross margin of € 3.6 million and equity of € 75.6 million. Compared with financial year 2024, the result moved from € 5.2 million to € 2 million. The company is profitable. 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 October 8, 2025.
What happened at UPscale?
What happened at UPscale in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2 million (▼ 61% vs 2024). Source: NBB ↗
- Nele Van Damme became a director. NBB
- Koenraad Belsack became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Gent. KBO
In short
From € 9.4 million profit in 2022 to € 2 million profit in 2025.
Best year ever: 2022, with € 9.4 million profit.
Paid out € 18.9 million in dividends to the owners in total.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
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Management
Behind UPscale are Nele Van Damme and Koenraad Belsack. The same people are also behind UPGRADE ESTATE GROUP, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot and Gandia.
Directors
According to the 2025 annual accounts
Nele Van Damme
Director
Also active at: UPGRADE ESTATE GROUP, HOTEL SAINT - SAUVEUR, Timi UpKot +43 more
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered 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
Gandia same network
€ 43,171 gross margin · 2025
+57 more
Details
- Company number
- 0544.749.822
- VAT number
- BE 0544.749.822
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- UPscale
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 2014
- Peppol
- Active · Active since 22 May 2025