Financials
Financial year 2025
UpcircleS from Namur, company number BE0734410259, closed financial year 2025 with a result of € 4.5 million after tax. For that financial year UpcircleS recorded a gross margin of € 12,245 and equity of € 5.6 million. Compared with financial year 2024, the result moved from € 1.3 million to € 4.5 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 5.6 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.5 million
▲ 258% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 1.7 million
▼ 27% vs 2024
€ 969,993 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,818
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 33,889 | € 75,972 | € 68,639 | € 12,245 | ▼ 82% |
| Profit after taxes | € 991,393 | € 1,097,512 | € 1,271,640 | € 4,548,389 | ▲ 258% |
| Equity | € 5,726,919 | € 6,824,431 | € 7,096,070 | € 5,644,459 | ▼ 20% |
| Total debts | € 4,233,564 | € 3,420,580 | € 5,447,560 | € 11,901,889 | ▲ 118% |
| Cash | € 62,851 | € 250,698 | € 1,552,884 | € 1,297,574 | ▼ 16% |
| Retained profit | € 4,226,919 | € 5,324,431 | € 5,596,070 | € 4,144,459 | ▼ 26% |
| Dividend | € 0 | € 0 | € 1,000,000 | € 6,000,000 | ▲ € 5 million |
| Bank debt | € 4,198,665 | € 3,281,910 | € 2,356,042 | € 1,719,910 | ▼ 27% |
| Balance sheet total | € 9,960,483 | € 10,245,010 | € 12,543,631 | € 17,546,348 | ▲ 40% |
Key figures of UpcircleS, 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 UpcircleS?
What happened at UpcircleS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.5 million (▲ 258% vs 2024). Source: NBB ↗
- Carabi became a director. NBB
- Srl Cali Evolution became a director. NBB
- Howard became a director. NBB
- Srl Riverside Management became a director. NBB
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 991,393 profit in 2022 to € 4.5 million profit in 2025.
Best year ever: 2025, with € 4.5 million profit.
Paid out € 7 million in dividends to the owners in total.
Management
The stake of Riverside Management, CARABI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
UpcircleSBehind UpcircleS are Carabi, Srl Cali Evolution, Howard and Srl Riverside Management. The shares are held by Riverside Management (40%) and CARABI (22.2%).
Directors
According to the 2025 annual accounts
Director · represented by Emmanuel Schellekens
Also active at: Peltzer & Fils SA, PRECISION BALL GROUP, Exploitations Forestières Georges HUET, KANNUNIKEN HOEVE, IMMO de ROYE de WICHEM, CITY CASH ONE, HUSIBO, TIVATOME +5 more
since 2022
Director · represented by Denis Knoops
Also active at: MESTDAGH, NOMICS, MH SNACKS, 1D OPPORTUNITIES OPERATIONS
since 2022
since 2022
Managing director · represented by Benoit Ghiot
Also active at: EUROPE LABELS
since 2022
Shareholders
22.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Parc d'Amée(DV) 275
5100 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0734.410.259
- VAT number
- BE 0734.410.259
- Registered office
- Avenue Parc d'Amée(DV) 275, 5100 Namur
- Names & denominations
- UpcircleS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2019
- Peppol
- Active · Active since 5 Aug 2025
- Activities · NACE
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