Financials
Financial year 2025
Worth noting
- The team shrank two years in a row.
- Little cash and receivables against the short-term debts.
Revenue
€ 26 million
▼ 53% vs 2024
Profit
Healthy€ 9,165
▼ 97% vs 2024
Debts
Normal€ 16.7 million
▼ 4% vs 2024
UPGRADE ESTATE from Gent, company number BE0840066124, closed financial year 2025 with a result of € 9,165 after tax. For that financial year UPGRADE ESTATE recorded revenue of € 26 million and equity of € 6.8 million. Compared with financial year 2024, the result moved from € 273,775 to € 9,165. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 8, 2025.
What happened at UPGRADE ESTATE?
What happened at UPGRADE ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Upgrade Estate Group BV stepped down as director. NBB
- Koenraad Belsack stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9,165 (▼ 97% vs 2024). Source: NBB ↗
- Upgrade Estate Group BV became a director. NBB
- Koenraad Belsack became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 390,872 profit in 2022 to € 9,165 profit in 2025.
Paid € 812,737 in corporate taxes since 2022.
Best year ever: 2023, with € 493,915 profit.
Pays suppliers within 140 days on average.
A new publication or filing at UPGRADE ESTATE? We notify you, reason included.
Follow UPGRADE ESTATENeed more data?
History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
Then €29.99/mo excl. VAT, cancel monthly. No credit card to try; the AI assistant is not included, or only in a very limited form, during the trial month. Sign up now and you’ll be invited first.
Management
Directors
According to the 2025 annual accounts
Managing director · represented by Nele VAN DAMME
since 2023 · until 2026
Koenraad Belsack
Managing director
Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, WESTATE +50 more
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
UPGRADE ESTATE GROUP same network
€ 3 million gross margin · 2025
WESTATE same network
€ 40,264 gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Gandia same network
€ 43,171 gross margin · 2025
+57 more
Details
- Company number
- 0840.066.124
- VAT number
- BE 0840.066.124
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- UPGRADE ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2011
- Peppol
- Active · Active since 22 May 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Algemene bouw van andere niet-residentiële gebouwen