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UPGRADE ESTATE GROUP

KBO 0400.927.922View in CBE → Annual accounts →

📍 Amelia Earhartlaan 2, 9051 Gent FlandersCBE start date: 29 Sept 1955

Rank #702
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10
Total HOAs
2
Regions
6
Municipalities
Flanders 8 Brussels 2 Wallonia 0

🏢 VMEs on the map

Portfolio filter
UPGRADE ESTATE GROUP

10 results on the map

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Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2007–2025). Amounts in euros.

View at NBB →
💶
€ 3.026.019
Gross margin · 2025
▲ 36,1% vs 2024
📈
€ 1.337.682
Net result · 2025
▼ 72% vs 2024
🏦
€ 50.387.851
Equity · 2025
▲ 2,6% vs 2024
👥
38.5
Avg FTE · 2025
▲ 13,9% vs 2024
Revenue (gross margin)
Year-on-year evolution
2007
€7k
2008
€-5k
2009
€-6k
2010
€38k
2011
€101k
2012
€157k
2013
€339k
2014
€251k
2015
€473k
2016
€771k
2017
€783k
2018
€1,2M
2019
€1,3M
2021
€2,8M
2022
€2,0M
2023
€2,2M
2024
€2,2M
2025
€3,0M
Net result
After tax
2007
€3k
2008
€-7k
2009
€-8k
2010
€23k
2011
€502
2012
€2k
2013
€79k
2014
€17k
2015
€20k
2016
€47k
2017
€31k
2018
€3,9M
2019
€112k
2021
€144k
2022
€73k
2023
€84k
2024
€4,8M
2025
€1,3M
Equity
At closing date
2007
€5k
2008
€-2k
2009
€-10k
2010
€13k
2011
€14k
2012
€16k
2013
€151k
2014
€168k
2015
€189k
2016
€833k
2017
€864k
2018
€1,1M
2019
€1,2M
2021
€1,3M
2022
€1,4M
2023
€863k
2024
€49,1M
2025
€50,4M
Average FTE
Full-time equivalents
2011
1.8
2012
2.4
2013
3.5
2014
3.3
2015
7.5
2016
11.9
2017
19.5
2018
19.6
2019
24.5
2021
27.5
2022
32.8
2023
33.1
2024
33.8
2025
38.5
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 12 Sept 2025
Line item202520242023202220212019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 3.026.019€ 2.223.780€ 2.173.748€ 2.045.734€ 2.831.469€ 1.301.285€ 1.222.883€ 783.025€ 770.765€ 473.178€ 251.120€ 339.432€ 156.648€ 100.767€ 38.094€ -5.548€ -5.120€ 7.422
Personnel costs€ -2.635.213€ -2.335.346€ -1.899.644€ -1.785.709€ -2.230.277€ -1.203.664€ -953.623€ -565.919€ -523.436€ -319.384€ -168.048€ -168.632€ -116.616€ -73.285————
Depreciation————€ -143.671€ -100.217€ -95.741€ -79.342€ -100.190€ -80.594€ -26.081€ -25.375€ -20.198€ -17.439€ -6.824€ -715€ -715€ -4.355
Operating result€ -69.413€ -209.696€ 156.443€ 149.375€ 255.562€ -10.098€ 169.128€ 117.748€ 139.404€ 69.681€ 54.643€ 143.890€ 18.628€ 8.814€ 24.603€ -7.438€ -6.876€ 2.685
Financial income————€ 12.329€ 226.392€ 107.796€ 258€ 403€ 117€ 30€ 397€ 21€ 359———€ 2
Financial charges————€ -39.294€ -28.971€ -50.083€ -57.645€ -56.723€ -36.891€ -26.202€ -19.015€ -13.504€ -6.580€ -834€ -914€ -222€ -96
Result before tax————€ 228.597€ 187.322€ 4.047.119€ 60.361€ 83.085€ 32.908€ 27.870€ 122.046€ 5.144€ 2.593€ 24.211€ -8.352€ -7.098€ 2.591
Income taxes————€ -84.566€ -75.642€ -110.143€ -29.800€ -35.673€ -12.485€ -10.427€ -43.490€ -3.139€ -2.091€ -932——€ 0
Net result€ 1.337.682€ 4.769.207€ 83.854€ 72.786€ 144.031€ 111.680€ 3.936.976€ 30.561€ 47.412€ 20.423€ 17.443€ 78.557€ 2.006€ 502€ 23.279€ -8.352€ -7.098€ 2.590
Balance sheet
Total assets€ 96.581.734€ 66.117.481€ 4.224.989€ 3.955.322€ 4.193.211€ 3.187.359€ 7.139.887€ 2.558.674€ 2.885.943€ 1.465.065€ 619.192€ 761.407€ 470.853€ 305.084€ 71.643€ 7.646€ 11.807€ 20.050
Receivables ≤ 1 year————€ 1.678.915€ 669.214€ 4.737.297€ 195.110€ 723.655€ 299.073€ 246.766€ 434.220€ 224.805€ 108.819€ 8.357€ 539€ 1.054€ 151
Cash & equivalents€ 385.516€ 651.512€ 1.156.612€ 182.001€ 193.744€ 315.928€ 146.095€ 287.153€ 48.261€ 64.313€ 28.727€ 44.247€ 12.472€ 9.429€ 35.989€ 33€ 33—
Equity€ 50.387.851€ 49.112.939€ 863.073€ 1.379.220€ 1.306.433€ 1.162.402€ 1.050.722€ 863.722€ 833.161€ 188.633€ 168.210€ 150.767€ 15.802€ 13.797€ 13.295€ -9.984€ -1.632€ 5.466
Amounts payable————€ 2.886.777€ 2.024.957€ 6.089.165€ 1.694.952€ 2.052.782€ 1.276.432€ 450.983€ 610.640€ 455.051€ 291.287€ 58.348€ 17.630€ 13.440€ 14.584
Workforce
Average FTE38.533.833.132.827.524.519.619.511.97.53.33.52.41.8————

HOA portfolio 10 HOAs

VME Address Municipality Region
Brussels
Brussels
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
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