Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
UPM BRUXELLES from Tubize, company number BE0884995237, closed financial year 2025 with a result of € -350,663 after tax. For that financial year UPM BRUXELLES recorded a gross margin of € 1.4 million and equity of € 919,348. Compared with financial year 2024, the result moved from € 279,217 to € -350,663. 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 July 31, 2026.
€ 919,348
▼ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -350,663
▼ still € 279,217 profit in 2024
Profit after tax over the fiscal year.
€ 827,498
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 900,798.
People and assets in 2025
€ 1.2 million
▼ 11% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,797
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.1 million
▲ 25% vs 2024
€ 32,389 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.3 million
▲ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 161,158
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,065,873 | € 1,812,974 | € 2,151,096 | € 1,426,808 | ▼ 34% |
| Profit after taxes | € -178,566 | € 205,209 | € 279,217 | € -350,663 | ▼ € 629,880 |
| Equity | € 785,585 | € 990,794 | € 1,270,011 | € 919,348 | ▼ 28% |
| Total debts | € 3,241,587 | € 3,793,214 | € 3,726,882 | € 4,649,019 | ▲ 25% |
| Cash | € 356,888 | € 235,296 | € 571,349 | € 827,498 | ▲ 45% |
| Land & buildings | € 1,823,353 | € 1,757,217 | € 1,692,357 | € 1,619,962 | ▼ 4% |
| Retained profit | € 767,035 | € 972,244 | € 1,251,461 | € 900,798 | ▼ 28% |
| Bank debt | € 1,732,580 | € 1,772,069 | € 1,691,616 | € 2,117,791 | ▲ 25% |
| Balance sheet total | € 4,027,172 | € 4,784,008 | € 4,996,893 | € 5,568,367 | ▲ 11% |
| Employees (FTE) | 14.7 | - | - | - |
Key figures of UPM BRUXELLES, 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 UPM BRUXELLES?
What happened at UPM BRUXELLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 350,663 (▼ € 629,880 vs 2024). Source: NBB ↗
- Matteo SASSI MARAMOTTI became a director. NBB
- Marco FORTINO became a director. NBB
- Massimo PALIN became a director. NBB
- Upm Modena S.P.A became a director. NBB
- New establishment in Tubize. KBO
- Start of the company according to the CBE. KBO
In short
From € 178,566 loss in 2022 to € 350,663 loss in 2025.
Paid € 9,722 in corporate taxes since 2022.
Best year ever: 2024, with € 279,217 profit.
On average € 72,500 of value added per employee in 2022.
A new publication or filing at UPM BRUXELLES? We notify you, reason included.
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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 UPM BRUXELLES are Upm Modena S.P.A, Massimo PALIN, Matteo SASSI MARAMOTTI and Marco FORTINO.
Directors
According to the 2025 annual accounts
Director · represented by TURINI Giorgio
since 2020
Massimo PALIN
Managing director
since 2024
Matteo SASSI MARAMOTTI
Director
since 2026
Marco FORTINO
Director
since 2026
Establishments
Establishment units
Physical locations of this company
Avenue Landas 1
1480 Tubize
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TSNET, IT
Website info
Features
Security
Details
- Company number
- 0884.995.237
- VAT number
- BE 0884.995.237
- Registered office
- Avenue Landas 1, 1480 Tubize
- Names & denominations
- UPM BRUXELLES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 November 2006
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- tnc.be
- Activities · NACE
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