Financials
Financial year 2025
UPON RENOVATIE from Zwevegem, company number BE0588988651, closed financial year 2025 with a result of € 3,167 after tax. For that financial year UPON RENOVATIE recorded a gross margin of € 23,571 and equity of € 82,198. Compared with financial year 2024, the result moved from € 5,980 to € 3,167. 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 March 16, 2026.
€ 82,198
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,167
▼ 47% vs 2024
Profit after tax over the fiscal year.
€ 14,079
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 930 paid out
29 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 1,838
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,770
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 80,488
▼ 11% vs 2024
€ 10,183 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 4,035
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 333
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,537 | € 26,483 | € 25,294 | € 23,571 | ▼ 7% |
| Profit after taxes | € 2,021 | € 7,892 | € 5,980 | € 3,167 | ▼ 47% |
| Equity | € 67,949 | € 74,911 | € 79,961 | € 82,198 | ▲ 3% |
| Total debts | € 121,772 | € 106,603 | € 106,835 | € 91,451 | ▼ 14% |
| Cash | € 17,738 | € 26,124 | € 15,805 | € 14,079 | ▼ 11% |
| Land & buildings | € 118,277 | € 112,486 | € 107,233 | € 101,383 | ▼ 5% |
| Retained profit | € 61,749 | € 68,711 | € 73,761 | € 75,998 | ▲ 3% |
| Dividend | € 0 | € 930 | € 930 | € 930 | |
| Bank debt | € 116,878 | € 103,047 | € 90,564 | € 80,488 | ▼ 11% |
| Balance sheet total | € 189,720 | € 181,514 | € 186,796 | € 173,649 | ▼ 7% |
Key figures of UPON RENOVATIE, 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 UPON RENOVATIE?
What happened at UPON RENOVATIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,167 (▼ 47% vs 2024). Source: NBB ↗
- New establishment in Zwevegem. KBO
- Ilya Vanmeerhaeghe became a director. NBB
- Freddy Vannieuwenborgh became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,021 profit in 2022 to € 3,167 profit in 2025.
Paid € 9,747 in corporate taxes since 2022.
Best year ever: 2023, with € 7,892 profit.
Paid out € 2,790 in dividends to the owners in total.
Management
Behind UPON RENOVATIE are Ilya Vanmeerhaeghe and Freddy Vannieuwenborgh.
Directors
According to the 2025 annual accounts
Ilya Vanmeerhaeghe
Director
since 2015
Freddy Vannieuwenborgh
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Ellestraat(Z) 126
8550 Zwevegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0588.988.651
- VAT number
- BE 0588.988.651
- Registered office
- Ellestraat(Z) 126, 8550 Zwevegem
- Names & denominations
- UPON RENOVATIE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 2015
- Peppol
- Active · Active since 2 Feb 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken
Installatie van isolatie
Isolatiewerkzaamheden