EUPEN FINANZ AG
0437.759.218 · rovalta.com · 27/09/2026
ACTIVE
EUPEN FINANZ AG
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
Overview
Identity
Source · BCE/KBOEUPEN 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
Activities (NACE)
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Financials
Source · NBB, 34 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| EBITDA | -84,6 k € | -22.2% | -69,3 k € | -9.7% | -63,1 k € | -2.9% | -61,4 k € | -35.6% | -45,3 k € |
| Operating result | -84,6 k € | -22.2% | -69,3 k € | -9.7% | -63,1 k € | -2.9% | -61,4 k € | -35.6% | -45,3 k € |
| Net result | 267,7 k € | -1.4% | 271,4 k € | -25.9% | 366,1 k € | +20.0% | 305,2 k € | +142% | -725,5 k € |
| Balance sheet | |||||||||
| Equity | 16,3 M € | +0.2% | 16,3 M € | +0.2% | 16,2 M € | +0.8% | 16,1 M € | +0.5% | 16 M € |
| Total assets | 16,6 M € | +0.3% | 16,5 M € | +0.3% | 16,5 M € | +0.8% | 16,3 M € | -0.9% | 16,5 M € |
| Cash | 158,5 k € | +40.4% | 112,9 k € | +966% | 10,6 k € | -98.6% | 747 k € | +6665% | 11 k € |
| Debts | 242,6 k € | +0.1% | 242,3 k € | +0.1% | 242,1 k € | -4.0% | 252,2 k € | -47.0% | 475,4 k € |
Valuation
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202511 active · 25 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Erich THÖNNES | Director | since 01/04/2026 | |
Alfred BOURSEAUX | Chairman of the board of directors | until 07/03/2026 | 0 |
| Director | 000 | ||
Bernhard ZEIMERS | Director | 000 | |
| Director | 000 | ||
Ernst BOURSEAUX | Director | 00 | |
| Director | until 01/04/2026 | 000 | |
Godefridus STARMANS | Director | until 08/09/2025 | 00 |
Hermann Josef BERNRATH | Director | 00 | |
Margrit OFFERGELD-KRANTZ | Director | 000 | |
Mike GOBLET | Director | 000 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Achim BOURSEAUX | Mandate | 000 | |
Achim BOURSEAUX | Director | 000 | |
Alfred BOURSEAUX | Chairman of the board of directors | 0 | |
Alfred BOURSEAUX | Managing director | 0 |
Other companies at this address
Rue de Malmedy 9 4700 Eupen| Company | CBE no. |
|---|---|
EUPEN ANLAGEN● Active | 0441.463.529 |
Kabelwerk Eupen AG● Active | 0437.768.918 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 03/06/2026 | 05/06/2025 | 24/07/2024 | 31/05/2023 | 08/06/2022 | 08/06/2021 |
| General meeting | 20/05/2026 | 21/05/2025 | 15/05/2024 | 17/05/2023 | 18/05/2022 | 19/05/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 34 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 20/05/2026 | 03/06/2026 | German | |
| Consolidated accounts | 31/12/2025 | 20/05/2026 | 03/06/2026 | German | |
| Full model | 31/12/2024 | 21/05/2025 | 05/06/2025 | German | |
| Consolidated accounts | 31/12/2024 | 21/05/2025 | 05/06/2025 | German | |
| Full model | 31/12/2023 | 15/05/2024 | 24/07/2024 | German | |
| Consolidated accounts | 31/12/2023 | 15/05/2024 | 24/07/2024 | German | |
| Full model | 31/12/2022 | 17/05/2023 | 31/05/2023 | German | |
| Consolidated accounts | 31/12/2022 | 17/05/2023 | 31/05/2023 | German | |
| Full model | 31/12/2021 | 18/05/2022 | 08/06/2022 | German | |
| Consolidated accounts | 31/12/2021 | 18/05/2022 | 08/06/2022 | German | |
| Full model | 31/12/2020 | 19/05/2021 | 08/06/2021 | German | |
| Consolidated accounts | 31/12/2020 | 19/05/2021 | 08/06/2021 | German | |
| Full model | 31/12/2019 | 20/05/2020 | 09/06/2020 | German | |
| Consolidated accounts | 31/12/2019 | 20/05/2020 | 09/06/2020 | German | |
| Full model | 31/12/2018 | 15/05/2019 | 16/05/2019 | German | |
| Consolidated accounts | 31/12/2018 | 15/05/2019 | 16/05/2019 | German | |
| Full model | 31/12/2017 | 16/05/2018 | 07/06/2018 | German | |
| Consolidated accounts | 31/12/2017 | 16/05/2018 | 07/06/2018 | German | |
| Full model | 31/12/2016 | 17/05/2017 | 30/05/2017 | German | |
| Consolidated accounts | 31/12/2016 | 17/05/2017 | 30/05/2017 | German | |
| Full model | 31/12/2015 | 18/05/2016 | 24/05/2016 | German | |
| Consolidated accounts | 31/12/2015 | 18/05/2016 | 24/05/2016 | German | |
| Full model | 31/12/2014 | 20/05/2015 | 17/06/2015 | German | |
| Consolidated accounts | 31/12/2014 | 20/05/2015 | 17/06/2015 | German | |
| Full model | 31/12/2013 | 21/05/2014 | 02/06/2014 | German | |
| Consolidated accounts | 31/12/2013 | 21/05/2014 | 02/06/2014 | German | |
| Full model | 31/12/2012 | 15/05/2013 | 04/06/2013 | German | |
| Consolidated accounts | 31/12/2012 | 15/05/2013 | 04/06/2013 | German | |
| Full model | 31/12/2011 | 16/05/2012 | 23/05/2012 | German | |
| Full model | 31/12/2010 | 18/05/2011 | 08/06/2011 | German | |
| Full model | 31/12/2009 | 19/05/2010 | 25/05/2010 | German | |
| Full model | 31/12/2008 | 20/05/2009 | 03/06/2009 | German | |
| Full model | 31/12/2007 | 21/05/2008 | 29/05/2008 | German | |
| Full model | 31/12/2006 | 16/05/2007 | 07/06/2007 | German |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202511 active · 25 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Erich THÖNNES | Director | since 01/04/2026 | |
Alfred BOURSEAUX | Chairman of the board of directors | until 07/03/2026 | 0 |
| Director | 000 | ||
Bernhard ZEIMERS | Director | 000 | |
| Director | 000 | ||
Ernst BOURSEAUX | Director | 00 | |
| Director | until 01/04/2026 | 000 | |
Godefridus STARMANS | Director | until 08/09/2025 | 00 |
Hermann Josef BERNRATH | Director | 00 | |
Margrit OFFERGELD-KRANTZ | Director | 000 | |
Mike GOBLET | Director | 000 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Achim BOURSEAUX | Mandate | 000 | |
Achim BOURSEAUX | Director | 000 | |
Alfred BOURSEAUX | Chairman of the board of directors | 0 | |
Alfred BOURSEAUX | Managing director | 0 |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates12/06/2026ENTLASSUNG - ERNENNUNG
- Mandates12/06/2026ENTLASSUNG - ERNENNUNG
- Mandates12/06/2026ENTLASSUNG - ERNENNUNG
- Mandates12/06/2026ENTLASSUNG - ERNENNUNG
- Mandates12/06/2026ENTLASSUNG - ERNENNUNG
- Mandates21/05/2026ENTLASSUNG - ERNENNUNG
- Mandates16/06/2025ENTLASSUNG - ERNENNUNG
- Mandates16/06/2025ENTLASSUNG - ERNENNUNG
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025267,7 k €↓
- 2024Annual accounts 2024271,4 k €↓
- 2023Annual accounts 2023366,1 k €↑
- 2022Annual accounts 2022305,2 k €↑
- 2021Annual accounts 2021-725,5 k €↓
- 2020Annual accounts 2020516,3 k €↑
- 2019Annual accounts 2019-670,6 k €↓
- 2018Annual accounts 2018529,9 k €↑
- 2017Annual accounts 2017529,6 k €↑
- 2016Annual accounts 2016470,1 k €↓
- 2015Annual accounts 2015504,5 k €↓
- 2014Annual accounts 2014531,8 k €↓
- 2013Annual accounts 20134,3 M €↑
- 2012Annual accounts 2012588,5 k €↑
- 2011Annual accounts 2011498,4 k €↑
- 2010Annual accounts 2010440,9 k €↓
- 2009Annual accounts 2009526,9 k €↑
- 2008Annual accounts 2008438,4 k €↑
- 2007Annual accounts 2007402,2 k €↑
- 2006Annual accounts 2006283,3 k €
- 30/06/1989IncorporationPublic limited company
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Rue de Malmedy 9, 4700 EupenCurrent | CBE, tracked since 27/09/2026 | CBE |
| Malmedyer Strasse 9, 4700 Eupen | accounts 2021 → 2025 | Accounts 2025 · 2026-00153548 |
Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.