Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
level-UP from Gent, company number BE0866482390, closed financial year 2025 with a result of € 96,662 after tax. For that financial year level-UP recorded a gross margin of € -9,218 and equity of € 19.9 million. Compared with financial year 2024, the result moved from € 78,411 to € 96,662. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 16, 2026.
€ 19.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,662
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 7,109
▲ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 19.5 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -10,838 | € -8,147 | € -9,112 | € -9,218 | ▼ € 107 |
| Profit after taxes | € 72,934 | € 79,043 | € 78,411 | € 96,662 | ▲ 23% |
| Equity | € 19,676,413 | € 19,755,456 | € 19,833,866 | € 19,930,528 | |
| Total debts | € 4,815,471 | € 4,091,757 | € 9,927,892 | € 34,265,099 | ▲ 245% |
| Cash | € 198,826 | € 9,152 | € 4,493 | € 7,109 | ▲ 58% |
| Retained profit | € 19,236,413 | € 19,315,456 | € 19,393,866 | € 19,490,528 | |
| Bank debt | € 3,050,000 | € 1,550,000 | € 0 | € 0 | |
| Balance sheet total | € 24,491,883 | € 23,847,213 | € 29,761,758 | € 54,195,627 | ▲ 82% |
Key figures of level-UP, 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 March 2027.
What happened to level-UP?
What happened at level-UP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hilde Cloostermans-Huwaert stepped down as director. NBB
- Tweak It BV stepped down as director. NBB
- Kurt Verweire BV stepped down as director. NBB
- Kossaat BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 96,662 (▲ 23% vs 2024). Source: NBB ↗
- Hilde Cloostermans-Huwaert became a director. NBB
- Tweak It BV became a director. NBB
- Kurt Verweire BV became a director. NBB
In short
From € 72,934 profit in 2022 to € 96,662 profit in 2025.
Best year ever: 2025, with € 96,662 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 level-UP are Nele Van Damme and Koenraad Belsack. The same people are also behind UPGRADE ESTATE GROUP, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot and Gandia. Nele Van Damme is also behind MOEDER LAMBIC, Nelstein and FUTUREDOME. Koenraad Belsack is also behind TER DOENAERT, WESTATE, VM Weggevoerdenlaan ComCo, VAN MARCKE PROPERTIES and VM Lijnwaad Comco.
Directors
According to the 2025 annual accounts
Nele Van Damme
Director
Also active at: UPGRADE ESTATE GROUP, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, MOEDER LAMBIC, Upliving Ghent - Queen, M.G.D. Belgium +38 more
since 2020
Koenraad Belsack
Director
Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, Upliving Ghent - Queen +45 more
since 2016
since 2025 · until 2027
since 2021 · until 2027
Director · represented by Kurt Verweire
Also active at: UPGRADE ESTATE GROUP, TREVI, Vlerick Partner
since 2021 · until 2027
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
All companies 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
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0866.482.390
- VAT number
- BE 0866.482.390
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- level-UP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 2004
- Peppol
- Active · Active since 22 May 2025