Financials
Financial year 2025
UPGRADE PROJECTS from Kortrijk, company number BE0897128749, closed financial year 2025 with a result of € 180,407 after tax. For that financial year UPGRADE PROJECTS recorded a gross margin of € 499,928 and equity of € 6,789. Compared with financial year 2024, the result moved from € -117,689 to € 180,407. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 6,789
▲ € 180,407 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 180,407
▲ still € 117,689 loss in 2024
Profit after tax over the fiscal year.
€ 24,931
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5,789.
People and assets in 2025
3.8
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 280,249
▲ 18% vs 2024
€ 73,700 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.
€ 2,884
▲ 166% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 114,473
▼ 33% vs 2024
€ 44,636 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 148,064
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 52,115
▼ 50% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 374,860 | € 159,778 | € 152,734 | € 499,928 | ▲ 227% |
| Profit after taxes | € 61,861 | € -175,904 | € -117,689 | € 180,407 | ▲ € 298,096 |
| Equity | € 119,974 | € -55,929 | € -173,618 | € 6,789 | ▲ € 180,407 |
| Total debts | € 437,890 | € 464,678 | € 476,994 | € 315,434 | ▼ 34% |
| Cash | € 33,558 | € 15,603 | € 0 | € 24,931 | |
| Retained profit | € 118,974 | € -56,929 | € -174,618 | € 5,789 | ▲ € 180,407 |
| Bank debt | € 182,245 | € 322,510 | € 170,583 | € 114,473 | ▼ 33% |
| Balance sheet total | € 557,865 | € 408,749 | € 303,376 | € 322,223 | ▲ 6% |
| Employees (FTE) | 4 | 4 | 3.3 | 3.8 | ▲ 0.5 |
Key figures of UPGRADE PROJECTS, 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 UPGRADE PROJECTS?
What happened at UPGRADE PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 180,407. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 61,861 profit in 2022 to € 180,407 profit in 2025.
Paid € 4,114 in corporate taxes since 2022.
Best year ever: 2025, with € 180,407 profit.
On average € 131,600 of value added per employee in 2025.
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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 PROJECTS are Anna Semashko and Dominique Vanhout. Dominique Vanhout is also behind UPGRADE INVEST.
Directors
According to the 2025 annual accounts
Anna Semashko
Director
Establishments
Establishment units
Physical locations of this company
Zusters Lovelingstraat(Mar) 25
8510 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0897.128.749
- VAT number
- BE 0897.128.749
- Registered office
- Zusters Lovelingstraat(Mar) 25, 8510 Kortrijk
- Names & denominations
- UPGRADE PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 2008
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- upgradeprojects.be
- Activities · NACE
Metselwerk
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