Financials
Financial year 2025
UPGRADE CONCEPT from Vorst, company number BE0807053163, closed financial year 2025 with a result of € 24,405 after tax. For that financial year UPGRADE CONCEPT recorded a gross margin of € 123,105 and equity of € 77,071. Compared with financial year 2024, the result moved from € 23,795 to € 24,405. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 77,071
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,405
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 56,704
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 20,000 paid out
82 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 456
▼ 55% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 929,095
▼ 7% vs 2024
€ 104,043 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 171,669
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,068
▼ 52% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 106,628 | € 141,996 | € 110,825 | € 123,105 | ▲ 11% |
| Profit after taxes | € 5,870 | € 1,782 | € 23,795 | € 24,405 | ▲ 3% |
| Equity | € 88,688 | € 90,470 | € 72,666 | € 77,071 | ▲ 6% |
| Total debts | € 1,030,636 | € 956,877 | € 1,255,610 | € 1,262,256 | ▲ 1% |
| Cash | € 50,700 | € 68,981 | € 96,813 | € 56,704 | ▼ 41% |
| Land & buildings | € 945,780 | € 883,188 | € 1,000,911 | € 1,034,710 | ▲ 3% |
| Retained profit | € 70,088 | € 71,870 | € 72,665 | € 77,070 | ▲ 6% |
| Dividend | € 0 | € 0 | € 23,000 | € 20,000 | ▼ 13% |
| Bank debt | € 860,725 | € 813,499 | € 996,047 | € 929,095 | ▼ 7% |
| Balance sheet total | € 1,119,324 | € 1,047,347 | € 1,328,276 | € 1,339,327 | ▲ 1% |
Key figures of UPGRADE CONCEPT, 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 CONCEPT?
What happened at UPGRADE CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,405 (▲ 3% vs 2024). filed late Source: NBB ↗
- ID CONCEPT & DEVELOPMENT SRL became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,870 profit in 2022 to € 24,405 profit in 2025.
Paid € 18,257 in corporate taxes since 2022.
Best year ever: 2025, with € 24,405 profit.
Paid out € 43,000 in dividends to the owners in total.
Management
Behind UPGRADE CONCEPT are ID CONCEPT & DEVELOPMENT SRL and IW CONSULT SRL.
Directors
According to the 2025 annual accounts
Director · represented by Bartje GHYSBRECHT
since 2016
Director · represented by Igor WYSZEGRODZKI
Establishments
Establishment units
Physical locations of this company
Van Volxemlaan 248
1190 Vorst
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
- 0807.053.163
- VAT number
- BE 0807.053.163
- Registered office
- Van Volxemlaan 248, 1190 Vorst
- Names & denominations
- UPGRADE CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 2008
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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