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.
Financials
Financial year 2025
UPGRADING from Liège, company number BE0806880246, closed financial year 2025 with a result of € -7,209 after tax. For that financial year UPGRADING recorded a gross margin of € -5,445 and equity of € -58,058. Compared with financial year 2024, the result moved from € 447 to € -7,209. 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 August 20, 2026.
€ -58,058
▼ € 7,209 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,209
▼ still € 447 profit in 2024
Profit after tax over the fiscal year.
€ 3,328
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -108,058.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 920
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,764
▲ € 2,444 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 510
▼ 66% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 7,066 | € 31,225 | € 2,281 | € -5,445 | ▼ € 7,726 |
| Profit after taxes | € 5,576 | € 29,658 | € 447 | € -7,209 | ▼ € 7,655 |
| Equity | € -80,955 | € -51,296 | € -50,849 | € -58,058 | ▼ € 7,209 |
| Total debts | € 107,179 | € 129,941 | € 60,466 | € 64,169 | ▲ 6% |
| Cash | € 8,423 | € 14,328 | € 8,654 | € 3,328 | ▼ 62% |
| Retained profit | € -130,955 | € -101,296 | € -100,849 | € -108,058 | ▼ € 7,209 |
| Balance sheet total | € 26,224 | € 78,644 | € 9,617 | € 6,111 | ▼ 36% |
Key figures of UPGRADING, 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 UPGRADING?
What happened at UPGRADING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,209 (▼ € 7,655 vs 2024). filed late Source: NBB ↗
- Jean-Michel BRUYERE became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,576 profit in 2022 to € 7,209 loss in 2025.
Paid € 280 in corporate taxes since 2022.
Best year ever: 2023, with € 29,658 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
Management
Behind UPGRADING is Jean-Michel BRUYERE.
Directors
According to the 2025 annual accounts
Jean-Michel BRUYERE
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Rue Ernest-Solvay 267
4000 Liège
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0806.880.246
- VAT number
- BE 0806.880.246
- Registered office
- Rue Ernest-Solvay 267, 4000 Liège
- Names & denominations
- UPGRADING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2008
- Peppol
- Active · Active since 2 Oct 2024
- Activities · NACE
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