Financials
Financial year 2025
UPGRADE WORKS from Ukkel, company number BE0785389105, closed financial year 2025 with a result of € 35,206 after tax. For that financial year UPGRADE WORKS recorded a gross margin of € 173,083 and equity of € 191,598. Compared with financial year 2024, the result moved from € 62,761 to € 35,206. 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 May 19, 2026.
€ 191,598
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,206
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 125,914
▲ 148% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 176,198.
People and assets in 2025
€ 76,815
▼ 47% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,383
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 32,775
▼ 24% vs 2024
€ 10,319 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 24,327
▲ € 21,642 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,247
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 35,556 | € 160,075 | € 270,304 | € 173,083 | ▼ 36% |
| Profit after taxes | € 13,100 | € 65,131 | € 62,761 | € 35,206 | ▼ 44% |
| Equity | € 23,100 | € 88,231 | € 150,992 | € 191,598 | ▲ 27% |
| Total debts | € 93,990 | € 102,497 | € 81,472 | € 107,669 | ▲ 32% |
| Cash | € 13,911 | € 73,614 | € 50,677 | € 125,914 | ▲ 148% |
| Land & buildings | € 7,358 | € 5,677 | € 3,995 | € 2,313 | ▼ 42% |
| Retained profit | € 13,100 | € 78,231 | € 140,992 | € 176,198 | ▲ 25% |
| Bank debt | € 62,272 | € 57,890 | € 43,215 | € 32,775 | ▼ 24% |
| Balance sheet total | € 117,090 | € 190,728 | € 232,464 | € 299,267 | ▲ 29% |
Key figures of UPGRADE WORKS, 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 UPGRADE WORKS?
What happened at UPGRADE WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 35,206 (▼ 44% vs 2024). Source: NBB ↗
- New establishment in Oudergem. KBO
- New establishment in Drogenbos. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,100 profit in 2022 to € 35,206 profit in 2025.
Paid € 59,475 in corporate taxes since 2022.
Best year ever: 2023, with € 65,131 profit.
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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
Establishments
Establishment units
Physical locations of this company
Guillaume Herinckxlaan 32 box 1
1180 Ukkel
Groot-Bijgaardenstraat 126
1620 Drogenbos
Active since 28 April 2022
Gustave Jean Leclercqstraat 23
1160 Oudergem
Active since 14 July 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0785.389.105
- VAT number
- BE 0785.389.105
- Registered office
- Guillaume Herinckxlaan 32 bus 1, 1180 Ukkel
- Names & denominations
- UPGRADE WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2022
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Schrijnwerk
Dakwerkzaamheden
Stukadoorswerk
Glaszetten
Algemene bouw van residentiële gebouwen
Algemene elektrotechnische installatiewerken
Chapewerken
Plaatsen van vloer- en wandtegels
+2