Financials
Financial year 2024
UPGRADE CONCEPT from Vorst, company number BE0807053163, closed financial year 2024 with a result of € 23,795 after tax. For that financial year UPGRADE CONCEPT recorded a gross margin of € 110,825 and equity of € 72,666. Compared with financial year 2023, the result moved from € 1,782 to € 23,795. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2025.
€ 72,666
▼ 20% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,795
▲ € 22,013 vs 2023
Profit after tax over the fiscal year.
€ 96,813
▲ 40% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 23,000 paid out
97 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 1,019
▼ 43% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 996,047
▲ 22% vs 2023
€ 72,168 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 208,457
▲ 77% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 14,636
▼ 1% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 123,292 | € 106,628 | € 141,996 | € 110,825 | ▼ 22% |
| Profit after taxes | € 8,814 | € 5,870 | € 1,782 | € 23,795 | ▲ € 22,013 |
| Equity | € 82,819 | € 88,688 | € 90,470 | € 72,666 | ▼ 20% |
| Total debts | € 1,167,348 | € 1,030,636 | € 956,877 | € 1,255,610 | ▲ 31% |
| Cash | € 7,374 | € 50,700 | € 68,981 | € 96,813 | ▲ 40% |
| Land & buildings | € 1,008,739 | € 945,780 | € 883,188 | € 1,000,911 | ▲ 13% |
| Retained profit | € 64,219 | € 70,088 | € 71,870 | € 72,665 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 23,000 | |
| Bank debt | € 971,929 | € 860,725 | € 813,499 | € 996,047 | ▲ 22% |
| Balance sheet total | € 1,250,167 | € 1,119,324 | € 1,047,347 | € 1,328,276 | ▲ 27% |
Key figures of UPGRADE CONCEPT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: profit of € 23,795 (▲ € 22,013 vs 2023). filed late Source: NBB ↗
- ID CONCEPT & DEVELOPMENT SRL became a director. NBB
- IW CONSULT SRL became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,814 profit in 2021 to € 23,795 profit in 2024.
Paid € 14,928 in corporate taxes since 2021.
Best year ever: 2024, with € 23,795 profit.
Paid out € 23,000 in dividends to the owners in total.
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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 UPGRADE CONCEPT are ID CONCEPT & DEVELOPMENT SRL and IW CONSULT SRL.
Directors
According to the 2024 annual accounts
Director · represented by Bartje GHYSBRECHT
since 2016
Director · represented by Igor WYSZEGRODZKI
since 2016
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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