Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
UPGRACE from Menen, company number BE0747538715, closed financial year 2025 with a result of € -4,814 after tax. For that financial year UPGRACE recorded a gross margin of € -3,463 and equity of € -72,227. Compared with financial year 2024, the result moved from € -15,481 to € -4,814. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 22, 2025.
€ -72,227
▼ € 4,814 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,814
▲ 69 % less loss than in 2024
Profit after tax over the fiscal year.
€ 80,759
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -78,227.
Debts at end 2025
€ 2,625
▼ 70% vs 2024
Loans from banks and other lenders, long and short.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -18,399 | € 17,136 | € -14,217 | € -3,463 | ▲ € 10,754 |
| Profit after taxes | € -35,673 | € -2,684 | € -15,481 | € -4,814 | ▲ € 10,666 |
| Equity | € -49,248 | € -51,932 | € -67,412 | € -72,227 | ▼ € 4,814 |
| Total debts | € 119,259 | € 140,906 | € 151,718 | € 153,957 | ▲ 1% |
| Cash | € 19,056 | € 84,030 | € 82,029 | € 80,759 | ▼ 2% |
| Retained profit | € -55,248 | € -57,932 | € -73,412 | € -78,227 | ▼ € 4,814 |
| Bank debt | € 20,848 | € 14,904 | € 8,831 | € 2,625 | ▼ 70% |
| Balance sheet total | € 70,011 | € 88,974 | € 84,306 | € 81,730 | ▼ 3% |
Key figures of UPGRACE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to UPGRACE?
What happened at UPGRACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,814. Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,673 loss in 2022 to € 4,814 loss in 2025.
Establishments
Establishment units
Physical locations of this company
Spoorwegstraat 7A
8930 Menen
Spoorwegstraat 7 A
8930 Menen
Active since 29 May 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0747.538.715
- VAT number
- BE 0747.538.715
- Registered office
- Spoorwegstraat 7A, 8930 Menen
- Names & denominations
- UPGRACE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2020
- Peppol
- Not registered
- Activities · NACE
Detailhandel in andere tweedehandsgoederen, muv tweedehandskleding
Handelsbemiddeling in de groothandel in andere specifieke goederen
Personenvervoer over de weg zonder dienstregeling
Vlieg- en vaaronderricht
Overig personenvervoer te land, n.e.g.