Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
King Upkot from Gent, company number BE0680956232, closed financial year 2025 with a result of € -460,271 after tax. For that financial year King Upkot recorded a gross margin of € 724,704 and equity of € 20.1 million. Compared with financial year 2024, the result moved from € -518,665 to € -460,271. The company made a loss. 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 February 27, 2026.
€ 20.1 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -460,271
▲ 11 % less loss than in 2024
Profit after tax over the fiscal year.
€ 80,149
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 72,004
▲ 161% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 573,968 | € 655,252 | € 693,759 | € 724,704 | ▲ 4% |
| Profit after taxes | € -495,969 | € -593,858 | € -518,665 | € -460,271 | ▲ € 58,394 |
| Equity | € 23,246,748 | € 22,154,140 | € 21,112,975 | € 20,106,455 | ▼ 5% |
| Total debts | € 666,934 | € 142,507 | € 50,164 | € 95,682 | ▲ 91% |
| Cash | € 588,046 | € 710,489 | € 722,188 | € 80,149 | ▼ 89% |
| Land & buildings | € 22,695,161 | € 21,557,668 | € 20,420,174 | € 19,282,681 | ▼ 6% |
| Retained profit | € -503,252 | € -1,097,110 | € -1,615,775 | € -2,076,045 | ▼ € 460,271 |
| Balance sheet total | € 23,913,683 | € 22,296,648 | € 21,163,140 | € 20,202,137 | ▼ 5% |
Key figures of King Upkot, 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 March 2027.
What happened to King Upkot?
What happened at King Upkot in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 460,271. Source: NBB ↗
- Romaric Croes became a director. NBB
- Frank Bouchier became a director. NBB
- Upgrade Estate NV became a director. NBB
- Growing-UP BV became a director. NBB
- 421 Concepts CommV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 495,969 loss in 2022 to € 460,271 loss in 2025.
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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 King Upkot are Upgrade Estate NV, Growing-UP BV, Romaric Croes, Frank Bouchier and 421 Concepts CommV. Upgrade Estate NV is also behind Timi UpKot, 10 Upkot, Upliving Ghent - Queen, M.G.D. Belgium and BACKSTAGE²UPKOT. Growing-UP BV is also behind Timi UpKot, 10 Upkot, Upliving Ghent - Queen, M.G.D. Belgium and BACKSTAGE²UPKOT. Romaric Croes is also behind CROES - BAILLEUL. Frank Bouchier is also behind ERBECO.
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Nele Van Damme
Also active at: Timi UpKot, 10 Upkot, Upliving Ghent - Queen, M.G.D. Belgium, BACKSTAGE²UPKOT, Wing Upkot, Field Upkot, Mia UpKot +19 more
since 2020
Managing director · represented by Koenraad Belsack
Also active at: Timi UpKot, 10 Upkot, Upliving Ghent - Queen, M.G.D. Belgium, BACKSTAGE²UPKOT, Wing Upkot, Field Upkot, Mia UpKot +18 more
since 2020
since 2023
since 2023
Director · represented by Nils Vanhauwaert
Also active at: Timi UpKot, Upliving Ghent - Queen, BACKSTAGE²UPKOT, Wing Upkot, Field Upkot, Mia UpKot, Upoffiz | Upliving Ghent – Loop5, Hey! Upkot +16 more
since 2020
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
All companies at this address →UPGRADE ESTATE GROUP
€ 3 million gross margin · 2025
WESTATE
€ 40,264 gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Gandia
€ 43,171 gross margin · 2025
+57 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.956.232
- VAT number
- BE 0680.956.232
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- King Upkot
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 September 2017
- Peppol
- Active · Active since 22 May 2025