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UpFresh

Active
Public limited companyfounded 1968active for 58 yearsZandvoordestraat 370, 8400 Oostende, BelgiumKBO/BCE: BE 0405.252.241
Summary

UpFresh has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of €552,916. Equity is growing by about 5.7% per year across the filed financial years. Its solvency ranks better than 29% of 6,142 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
UpFreshActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of meat and meat products, excluding game and poultry
NACE 46321
2nd largest employer in Ostend, Wholesale and retail trade sector5 sites
Size
€138.6mturnover 2025
Staff
109.9 FTE
Equity
€9.0m
Profit
€552,916
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
UPCO · 100%
Board
7 members
Holdings
1
  • YVENSADaily manager · permanent representative Yves Depuydt
Auditor: Figurad Bedrijfsrevisoren bv2025 accounts 18 days early5 of 27 deeds summarised
Why 93lowers riskFounded in 1968Size: turnover €138.6m, 109.9 FTE, total assets €34.7mLiquidity: current ratio 1.26, cash €5.6mLegal form: public limited companyShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 46, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 51-1
equity 26.0% of total assets
Liquidity 31-7
short-term debt 72.4% · cash 16.1%
Profitability 56+2
return on assets 1.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies, NACE 46, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.26, compared with 1.28 in 2024, below the usual 1.5; short-term debt: 72.4% and cash: 16.1% of total assets), and 74% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized): better than 33% on solvency, 37% on liquidity, 39% on profitability and 75% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1968
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €138.6m, 109.9 FTE, total assets €34.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.26, cash €5.6m
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
34 days early
2023
29 days early
2022
on the day
2021
23 days early
2020
5 days early
2019
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: NV ESSENSYS, BV DEPUYDT FAMILY…Permanent representatives: Dirk Van Lerberghe…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Back to profitnet €552,916

Key points

  • Positive: Back in profit in 2025after -€118,135 in 2024 €552,916 View
  • Positive: 2nd largest employer in Ostend, Wholesale and retail trade sectorin the Checked rankings No. 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by UPCOultimately: Koutermolen NV 100% View
  • New directorslatest change 22-06-2026 · 7 in office 2 joined View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Financial year
2025
Turnover
€138.6m
Profit
€552,916
Solvency
26.0%
Turnover▲ 21.9%
Net result
20182025
Go to Financials

Board & ownership

Board
7 members
Parent
UPCO · 100%
Auditor
Figurad Bedrijfsrevisoren bv
  • Depuydt Family BVDirector
  • Essensys NVDirector
  • NAESSENS Veerle Francisca MariaDirector
  • NV DEROOSE PROJECTSDirector
  • Veerle NaessensDirector

and 2 other directors

Go to Board & ownership

Timeline

Events
57
Since
1978
Next accounts
by 31-07-2027
  1. 27-06-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 02-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
5
Legal form
Public limited company
Activity
Wholesale of meat and meat products, excluding game…NACE 46321
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about UpFresh

What is the company number of UpFresh?
0405.252.241. In Belgium the VAT number is the company number with BE in front: BE 0405.252.241.
Where is UpFresh based?
The registered office is at Zandvoordestraat 370, 8400 Oostende.Company details
What does UpFresh do?
According to the KBO register, the main activity is wholesale of meat and meat products, excluding game and poultry (NACE 46321).
What is the legal form of UpFresh?
Public limited company (NV).
When was UpFresh founded?
On 01-01-1968.
Is UpFresh still active?
Yes, UpFresh is an active enterprise in the KBO register.
How many employees does UpFresh have?
On average 109.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of UpFresh?
€138.6m in financial year 2025, according to the filed annual accounts.
Is UpFresh profitable?
In financial year 2025, UpFresh made a profit of €552,916.
Where can I find the annual accounts of UpFresh?
UpFresh filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of UpFresh due?
By 31-07-2027, for financial year 2026.Timeline

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Subsidiaries and holdings

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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