What does Update Team do?

Update Team is an IT company in Gent. Private Limited, started on 26 June 2012, 1 establishment.

What is the address of Update Team?

The registered office of Update Team is located at Bellevue 1, 9050 Gent.

Is Update Team still active?

Yes. According to the CBE (29 October 2026) Update Team is active, legal situation “Normale toestand”, started on 26 June 2012.

Is Update Team registered on Peppol?

Yes, Update Team is registered on the Peppol network with ID 0208:0846854837.

What is the enterprise number of Update Team?

The enterprise number of Update Team is BE0846854837.

When was Update Team founded?

Update Team was founded on 26 June 2012.

Who are the directors of Update Team?

According to the 2024 annual accounts, the directors of Update Team are: MADDENS REMI Comm.V.

Is Update Team a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 June 2012; 4 annual accounts filed, latest fiscal year 2024; 1 directors known from the annual account.

How much profit did Update Team make in 2024?

Update Team recorded a loss after taxes of € 62,699 in financial year 2024.

What is the revenue of Update Team?

As a small company, Update Team is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 94,514.

How much does an employee at Update Team earn?

The average wage cost per full-time employee at Update Team was € 80,400 in 2024: staff costs of € 152,753 for 1.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Update Team have?

According to the 2024 annual accounts, Update Team has 1.9 full-time equivalents (FTE).

Does Update Team have a website?

Yes, Update Team has a website at crosscast.be.

Update Team (Private Limited) - Gent - BE0846854837

Dossier Update Team, printed on 29 October 2026 from databakkes.be/en/0846854837/update-team. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2024

Update Team from Gent, company number BE0846854837, closed financial year 2024 with a result of € -62,699 after tax. For that financial year Update Team recorded a gross margin of € 94,514 and equity of € 83,711. Compared with financial year 2023, the result moved from € 8,430 to € -62,699. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.

What it is worth Healthy

€ 83,711

▼ 43% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -62,699

▼ still € 8,430 profit in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 24,197

▼ 91% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 77,511.

People and assets in 2024

Full-time equivalents

1.9

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 152,753

▲ 42% vs 2023

€ 80,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 2,971

▲ 30% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 278,157

▼ 38% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 26,182

▲ 7% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 123,488 Gross margin 2021: € 123,488 First fiscal year in the series	€ 188,739 Gross margin 2022: € 188,739 ▲ 53% vs 2021 (€ 123,488) Favourable step	€ 124,810 Gross margin 2023: € 124,810 ▼ 34% vs 2022 (€ 188,739) Unfavourable step	€ 94,514 Gross margin 2024: € 94,514 ▼ 24% vs 2023 (€ 124,810) Unfavourable step	▼ 24%
Profit after taxes	€ 44,686 Profit after taxes 2021: € 44,686 First fiscal year in the series	€ 60,604 Profit after taxes 2022: € 60,604 ▲ 36% vs 2021 (€ 44,686) Favourable step	€ 8,430 Profit after taxes 2023: € 8,430 ▼ 86% vs 2022 (€ 60,604) Unfavourable step	€ -62,699 Profit after taxes 2024: € -62,699 ▼ € 71,129 vs 2023 (€ 8,430) Unfavourable step	▼ € 71,129
Equity	€ 77,376 Equity 2021: € 77,376 First fiscal year in the series	€ 137,980 Equity 2022: € 137,980 ▲ 78% vs 2021 (€ 77,376) Favourable step	€ 146,410 Equity 2023: € 146,410 ▲ 6% vs 2022 (€ 137,980) Favourable step	€ 83,711 Equity 2024: € 83,711 ▼ 43% vs 2023 (€ 146,410) Unfavourable step	▼ 43%
Total debts	€ 894,151 Total debts 2021: € 894,151 First fiscal year in the series	€ 809,590 Total debts 2022: € 809,590 ▼ 9% vs 2021 (€ 894,151) Favourable step	€ 503,634 Total debts 2023: € 503,634 ▼ 38% vs 2022 (€ 809,590) Favourable step	€ 305,481 Total debts 2024: € 305,481 ▼ 39% vs 2023 (€ 503,634) Favourable step	▼ 39%
Cash	€ 306,210 Cash 2021: € 306,210 First fiscal year in the series	€ 414,034 Cash 2022: € 414,034 ▲ 35% vs 2021 (€ 306,210) Favourable step	€ 279,378 Cash 2023: € 279,378 ▼ 33% vs 2022 (€ 414,034) Unfavourable step	€ 24,197 Cash 2024: € 24,197 ▼ 91% vs 2023 (€ 279,378) Unfavourable step	▼ 91%
Retained profit	€ 71,176 Retained profit 2021: € 71,176 First fiscal year in the series	€ 131,780 Retained profit 2022: € 131,780 ▲ 85% vs 2021 (€ 71,176) Favourable step	€ 140,210 Retained profit 2023: € 140,210 ▲ 6% vs 2022 (€ 131,780) Favourable step	€ 77,511 Retained profit 2024: € 77,511 ▼ 45% vs 2023 (€ 140,210) Unfavourable step	▼ 45%
Bank debt	€ 22,500 Bank debt 2021: € 22,500 First fiscal year in the series	€ 12,500 Bank debt 2022: € 12,500 ▼ 44% vs 2021 (€ 22,500) Favourable step	€ 2,500 Bank debt 2023: € 2,500 ▼ 80% vs 2022 (€ 12,500) Favourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 2,500) Favourable step	▼ 100%
Balance sheet total	€ 971,527 Balance sheet total 2021: € 971,527 First fiscal year in the series	€ 947,570 Balance sheet total 2022: € 947,570 ▼ 2% vs 2021 (€ 971,527) Unchanged	€ 650,044 Balance sheet total 2023: € 650,044 ▼ 31% vs 2022 (€ 947,570) Unchanged	€ 389,193 Balance sheet total 2024: € 389,193 ▼ 40% vs 2023 (€ 650,044) Unchanged	▼ 40%
Employees (FTE)	-	-	-	1.9 Employees (FTE) 2024: 1.9 First fiscal year in the series

Key figures of Update Team, 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 Update Team?

What happened at Update Team in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 29, 2025 New annual accounts for financial year 2024: loss of € 62,699 (▼ € 71,129 vs 2023). filed late Source: NBB ↗
2023 MADDENS REMI Comm.V became a director. NBB
Jun 26, 2012 Start of the company according to the CBE. KBO
Jun 20, 2012 New establishment in Schaarbeek. KBO

In short

From € 44,686 profit in 2021 to € 62,699 loss in 2024.

Paid € 57,836 in corporate taxes since 2021.

Best year ever: 2022, with € 60,604 profit.

On average € 49,700 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

Remi Maddens

Géraldine Bruyneel

Update Team

Behind Update Team is MADDENS REMI Comm.V. The shares are held by Remi Maddens and Géraldine Bruyneel.

Directors

According to the 2024 annual accounts

MADDENS REMI Comm.V

Director · represented by Remi MADDENS

since 2023

Shareholders

Remi Maddens

Géraldine Bruyneel

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Bellevue 1

9050 Gent

2.211.103.221

Paul Deschanellaan 30

1030 Schaarbeek

Active since 20 June 2012

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

INSURA

€ 530,367 gross margin · 2025

CYMO

€ 3.4 million revenue · 2025

EC-BROKER

€ 60,470 gross margin · 2025

Vereniging van mede-eigenaars CREPAIN GEBOUW te Gent-Ledeberg, Bellevue 1

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS crosscast.be

About

Technologies

Backbone.jsBootstrapCloudflare CDNJSCookie ConsentGSAPGoogle AnalyticsGoogle FontsGoogle Tag ManagerNginxPHPRuby on RailsSlickSwiperWPMLWordPressYoast SEOjQueryjsDelivr

Certifications & Partners

FEB/VBO

Hosting & Email

Email provider

Google Workspace

Hosting

COMBELL-AS, BE

DNS

Cloudflare DNS

Website info

HTTPS Ja

Languages NL

Features

Blog Jobs Ads Contact page

Security

✓ HTTPS

✓ SPF

✗ DMARC

Details

Company number

0846.854.837

VAT number

BE 0846.854.837

Registered office

Bellevue 1, 9050 Gent

Names & denominations

Update Team

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

26 June 2012

Peppol

Active · Active since 21 Oct 2026

Contact

crosscast.be [email protected]

Activities · NACE

Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten

Computerconsultancy-activiteiten

Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten

Productie van televisiefilms

Gegevensverwerking, webhosting en aanverwante activiteiten

View on CBE Public ↗ Annual accounts (NBB) ↗

Update Team

Financials

What happened to Update Team?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Certifications & Partners

Hosting & Email

Website info

Features

Security

Details

Frequently asked questions