ACTIVE

EUPEN FINANZ AG

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Financial year 2025 · Closed on 31/12/2025

Net result267,7 k €-1,4 %over 1 year
Equity16,3 M €+0,2 %over 1 year

Identity

Source · BCE/KBO

EUPEN FINANZ AG is a Public limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Eupen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.759.218
Incorporation
30/06/1989
Legal form
Public limited company
Registered office
Rue de Malmedy 9
4700 Eupen · WallonieSee on map
Contributed capital
5 000 000,00 €
Latest accounts
31/12/2025
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 34 filings

Trend over 20 financial years

20252024202320222021
Income statement
EBITDA-84,6 k €-69,3 k €-63,1 k €-61,4 k €-45,3 k €
Operating result-84,6 k €-69,3 k €-63,1 k €-61,4 k €-45,3 k €
Net result267,7 k €271,4 k €366,1 k €305,2 k €-725,5 k €
Balance sheet
Equity16,3 M €16,3 M €16,2 M €16,1 M €16 M €
Total assets16,6 M €16,5 M €16,5 M €16,3 M €16,5 M €
Cash158,5 k €112,9 k €10,6 k €747 k €11 k €
Debts242,6 k €242,3 k €242,1 k €252,2 k €475,4 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 25 ended

Active mandates

Erich THÖNNES

Director · since 01 avril 2026

Active
Alfred BOURSEAUX

Chairman of the board of directors · until 07 mars 2026

Active
ASTINVEST

Director · 0462.967.043

Represented by Alexander BOURSEAUX

Active
Bernhard ZEIMERS

Director

Active
C.A.P.A. CONSULTING

Director · 0437.193.252

Represented by Frédéric-Charles BOURSEAUX

Active
Ernst BOURSEAUX

Director

Active
ETMA AG

Director · until 01 avril 2026 · 0437.102.190

Represented by Erich THÖNNES

Active
Godefridus STARMANS

Director · until 08 septembre 2025

Active
Hermann Josef BERNRATH

Director

Active
Margrit OFFERGELD-KRANTZ

Director

Active
Mike GOBLET

Director

Active

Ended mandates

Achim BOURSEAUX

Mandate

Ended
Achim BOURSEAUX

Director

Ended
Alfred BOURSEAUX

Chairman of the board of directors

Ended
Alfred BOURSEAUX

Managing director

Ended

Other companies at this address

Rue de Malmedy 9 4700 Eupen
CompanyCBE no.
EUPEN ANLAGEN● Active
0441.463.529
Kabelwerk Eupen AG● Active
0437.768.918

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/06/202605/06/202524/07/202431/05/202308/06/202208/06/2021
General meeting20/05/202621/05/202515/05/202417/05/202318/05/202219/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 34 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/05/202603/06/2026GermanPDF
Consolidated accounts31/12/202520/05/202603/06/2026GermanPDF
Full model31/12/202421/05/202505/06/2025GermanPDF
Consolidated accounts31/12/202421/05/202505/06/2025GermanPDF
Full model31/12/202315/05/202424/07/2024GermanPDF
Consolidated accounts31/12/202315/05/202424/07/2024GermanPDF
Full model31/12/202217/05/202331/05/2023GermanPDF
Consolidated accounts31/12/202217/05/202331/05/2023GermanPDF
Full model31/12/202118/05/202208/06/2022GermanPDF
Consolidated accounts31/12/202118/05/202208/06/2022GermanPDF
Full model31/12/202019/05/202108/06/2021GermanPDF
Consolidated accounts31/12/202019/05/202108/06/2021GermanPDF
Full model31/12/201920/05/202009/06/2020GermanPDF
Consolidated accounts31/12/201920/05/202009/06/2020GermanPDF
Full model31/12/201815/05/201916/05/2019GermanPDF
Consolidated accounts31/12/201815/05/201916/05/2019GermanPDF
Full model31/12/201716/05/201807/06/2018GermanPDF
Consolidated accounts31/12/201716/05/201807/06/2018GermanPDF
Full model31/12/201617/05/201730/05/2017GermanPDF
Consolidated accounts31/12/201617/05/201730/05/2017GermanPDF
Full model31/12/201518/05/201624/05/2016GermanPDF
Consolidated accounts31/12/201518/05/201624/05/2016GermanPDF
Full model31/12/201420/05/201517/06/2015GermanPDF
Consolidated accounts31/12/201420/05/201517/06/2015GermanPDF

View all 34 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 25 ended

Active mandates

Erich THÖNNES

Director · since 01 avril 2026

Active
Alfred BOURSEAUX

Chairman of the board of directors · until 07 mars 2026

Active
ASTINVEST

Director · 0462.967.043

Represented by Alexander BOURSEAUX

Active
Bernhard ZEIMERS

Director

Active
C.A.P.A. CONSULTING

Director · 0437.193.252

Represented by Frédéric-Charles BOURSEAUX

Active
Ernst BOURSEAUX

Director

Active
ETMA AG

Director · until 01 avril 2026 · 0437.102.190

Represented by Erich THÖNNES

Active
Godefridus STARMANS

Director · until 08 septembre 2025

Active
Hermann Josef BERNRATH

Director

Active
Margrit OFFERGELD-KRANTZ

Director

Active
Mike GOBLET

Director

Active

Ended mandates

Achim BOURSEAUX

Mandate

Ended
Achim BOURSEAUX

Director

Ended
Alfred BOURSEAUX

Chairman of the board of directors

Ended
Alfred BOURSEAUX

Managing director

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/06/2026
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates12/06/2026
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates12/06/2026
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates12/06/2026
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates12/06/2026
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates21/05/2026
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates16/06/2025
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates16/06/2025
    ENTLASSUNG - ERNENNUNG
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025267,7 k €↓
  2. 2024
    Annual accounts 2024271,4 k €↓
  3. 2023
    Annual accounts 2023366,1 k €↑
  4. 2022
    Annual accounts 2022305,2 k €↑
  5. 2021
    Annual accounts 2021-725,5 k €↓
  6. 2020
    Annual accounts 2020516,3 k €↑
  7. 2019
    Annual accounts 2019-670,6 k €↓
  8. 2018
    Annual accounts 2018529,9 k €↑
  9. 2017
    Annual accounts 2017529,6 k €↑
  10. 2016
    Annual accounts 2016470,1 k €↓
  11. 2015
    Annual accounts 2015504,5 k €↓
  12. 2014
    Annual accounts 2014531,8 k €↓
  13. 2013
    Annual accounts 20134,3 M €↑
  14. 2012
    Annual accounts 2012588,5 k €↑
  15. 2011
    Annual accounts 2011498,4 k €↑
  16. 2010
    Annual accounts 2010440,9 k €↓
  17. 2009
    Annual accounts 2009526,9 k €↑
  18. 2008
    Annual accounts 2008438,4 k €↑
  19. 2007
    Annual accounts 2007402,2 k €↑
  20. 2006
    Annual accounts 2006283,3 k €
  21. 30/06/1989
    IncorporationPublic limited company