ACTIVE

Kabelwerk Eupen AG

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Financial year 2025 · Closed on 31/12/2025

Net result3,5 M €-81,6 %over 1 year

Revenue392 M €-0,4 %over 1 year

Equity100,8 M €+2,4 %over 1 year

Workforce803,5 ETP-0,8 %over 1 year

Identity

Source · BCE/KBO

Kabelwerk Eupen AG is a Public limited company incorporated in 1989. Its main activity is: Manufacture of other electronic and electric wires and cables. Its registered office is in Eupen. It employs on average 803,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0437.768.918
Incorporation: 30/06/1989
Legal form: Public limited company
Registered office: Rue de Malmedy 9
4700 Eupen · WallonieSee on map
Contributed capital: 50 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 803,5 ETP

Activities (NACE)

27320Manufacture of other electronic and electric wires and cables· main 27320Manufacture of other electronic and electric wires and cables 31300Manufacture of furniture 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51872Air transport

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 40 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	392 M €	-0.4%	393,4 M €	+3.7%	379,4 M €	+32.0%	287,5 M €	+2.5%	280,6 M €
EBITDA	17,6 M €	-40.9%	29,8 M €	-8.1%	32,4 M €	+193%	11,1 M €	+132%	-34,3 M €
Operating result	7,6 M €	-64.2%	21,3 M €	-16.8%	25,7 M €	+429%	4,8 M €	+112%	-40 M €
Net result	3,5 M €	-81.6%	19,2 M €	-13.7%	22,2 M €	+471%	3,9 M €	+110%	-40 M €
Balance sheet
Equity	100,8 M €	+2.4%	98,5 M €	+22.4%	80,4 M €	+38.2%	58,2 M €	+7.2%	54,3 M €
Total assets	231,9 M €	+4.1%	222,7 M €	+11.0%	200,6 M €	-7.7%	217,5 M €	+48.4%	146,6 M €
Cash	6,7 M €	+7.9%	6,2 M €	+226%	1,9 M €	-45.7%	3,5 M €	+161%	1,3 M €
Debts	107,8 M €	+11.6%	96,6 M €	+16.4%	82,9 M €	-20.9%	104,9 M €	+150%	41,9 M €
Other
Workforce	803,5 ETP	-0.8%	810,3 ETP	+0.2%	808,7 ETP	+2.0%	792,8 ETP	-2.6%	814,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

10 active · 13 ended

Active mandates

Mike Goblet

Director · since 22 octobre 2025

Active

Alfred Bourseaux

Chairman of the board of directors · until 07 mars 2026

Active

ASTINVEST

Director · 0462.967.043

Represented by Alexandre BOURSEAUX

Active

Bernhard Zeimers

Director

Active

C.A.P.A. CONSULTING

Director · 0437.193.252

Represented by Frédéric-Charles Bourseaux

Active

Erich Thönnes

Director

Active

Ernst Bourseaux

Director

Active

Godefridus Starmans

Director · until 08 septembre 2025

Active

Hermann Josef Bernrath

Director

Active

Margrit Offergeld-Krantz

Director

Active

Ended mandates

Bernhard Zeimers

Director · since 15 avril 2020

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

Company	CBE no.
EUPEN ANLAGEN● Active	0441.463.529
EUPEN FINANZ AG● Active	0437.759.218

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	28/04/2026	05/05/2025	02/05/2024	03/05/2023	04/05/2022	05/05/2021
General meeting	15/04/2026	16/04/2025	17/04/2024	19/04/2023	20/04/2022	21/04/2021
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 · NBB

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Annual accounts filings

Source · NBB, 40 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/04/2026	28/04/2026	German	PDF
Consolidated accounts	31/12/2025	15/04/2026	28/04/2026	German	PDF
Full model	31/12/2024	16/04/2025	05/05/2025	German	PDF
Consolidated accounts	31/12/2024	16/04/2025	05/05/2025	German	PDF
Full model	31/12/2023	17/04/2024	02/05/2024	German	PDF
Consolidated accounts	31/12/2023	17/04/2024	02/05/2024	German	PDF
Full model	31/12/2022	19/04/2023	03/05/2023	German	PDF
Consolidated accounts	31/12/2022	19/04/2023	03/05/2023	German	PDF
Full model	31/12/2021	20/04/2022	04/05/2022	German	PDF
Consolidated accounts	31/12/2021	20/04/2022	04/05/2022	German	PDF
Full model	31/12/2020	21/04/2021	05/05/2021	German	PDF
Consolidated accounts	31/12/2020	21/04/2021	05/05/2021	German	PDF
Full model	31/12/2019	15/04/2020	12/05/2020	German	PDF
Consolidated accounts	31/12/2019	15/04/2020	12/05/2020	German	PDF
Full model	31/12/2018	17/04/2019	16/05/2019	German	PDF
Consolidated accounts	31/12/2018	17/04/2019	16/05/2019	German	PDF
Full model	31/12/2017	18/04/2018	15/05/2018	German	PDF
Consolidated accounts	31/12/2017	18/04/2018	15/05/2018	German	PDF
Full model	31/12/2016	19/04/2017	30/05/2017	German	PDF
Consolidated accounts	31/12/2016	19/04/2017	30/05/2017	German	PDF
Full model	31/12/2015	20/04/2016	24/05/2016	German	PDF
Consolidated accounts	31/12/2015	20/04/2016	24/05/2016	German	PDF
Full model	31/12/2014	15/04/2015	04/05/2015	German	PDF
Consolidated accounts	31/12/2014	15/04/2015	04/05/2015	German	PDF

View all 40 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

10 active · 13 ended

Active mandates

Mike Goblet

Director · since 22 octobre 2025

Active

Alfred Bourseaux

Chairman of the board of directors · until 07 mars 2026

Active

ASTINVEST

Director · 0462.967.043

Represented by Alexandre BOURSEAUX

Active

Bernhard Zeimers

Director

Active

C.A.P.A. CONSULTING

Director · 0437.193.252

Represented by Frédéric-Charles Bourseaux

Active

Erich Thönnes

Director

Active

Ernst Bourseaux

Director

Active

Godefridus Starmans

Director · until 08 septembre 2025

Active

Hermann Josef Bernrath

Director

Active

Margrit Offergeld-Krantz

Director

Active

Ended mandates

Bernhard Zeimers

Director · since 15 avril 2020

Ended

Achim Bourseaux

Director

Ended

Alfred Bourseaux

Chairman of the board of directors

Ended

Alfred Bourseaux

Managing director

Ended

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/06/2026
ENTLASSUNG - ERNENNUNG
PDF
Mandates21/05/2026
ENTLASSUNG - ERNENNUNG
PDF
Mandates21/05/2026
ENTLASSUNG - ERNENNUNG
PDF
Mandates21/05/2026
ENTLASSUNG - ERNENNUNG
PDF
Mandates21/05/2026
ENTLASSUNG - ERNENNUNG
PDF
Mandates13/05/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates13/05/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates30/05/2024
ENTLASSUNG - ERNENNUNG
PDF

Similar companies

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

See the Business plan

Timeline

15/04/2026
reconductionErich Thönnes — Verwaltungsratsmitglied
15/04/2026
reconductionBernhard Zeimers — Verwaltungsratsmitglied
15/04/2026
nominationMike Goblet — Verwaltungsratsmitglied
08/04/2026
nominationErich Thönnes — Präsidenten des Verwaltungsrates
08/04/2026
nominationFréderic Charles Bourseaux — Vize-Präsidenten des Verwaltungsrates
2025
Annual accounts 20253,5 M €↓
16/04/2025
nominationCallens, Vandelanotte & Theunissen BV — Kommissar
16/04/2025
reconductionGodefridus Starmans — Verwaltungsratsmitglied
16/04/2025
reconductionHermann Josef Bernrath — Verwaltungsratsmitglied
2024
Annual accounts 202419,2 M €↓
17/04/2024
reconductionC.A.P.A. Consulting AG — Verwaltungsratsmitglied
17/04/2024
reconductionASTINVEST AG — Verwaltungsratsmitglied
2023
Annual accounts 202322,2 M €↑
2022
Annual accounts 20223,9 M €↑
20/04/2022
reconductionAlfred Bourseaux — Verwaltungsratsmitglied
20/04/2022
reconductionEmst Bourseaux — Verwaltungsratsmitglied
20/04/2022
reconductionMargrit Offergeld geb. Krantz — Verwaltungsratsmitglied
20/04/2022
nominationBurgerlijke Cooperatieve Vennootschap CALLENS, PIRENNE & Co. — Kommissar
2021
Annual accounts 2021-40 M €↓
2020
Annual accounts 20201,1 M €↓
2019
Annual accounts 20192,7 M €↑
2018
Annual accounts 20182,6 M €↓
2017
Annual accounts 20172,9 M €↓
2016
Annual accounts 20164,6 M €↑
2015
Annual accounts 20153,7 M €↑
2014
Annual accounts 20143,5 M €↑
2013
Annual accounts 20133,5 M €↓
2012
Annual accounts 20123,7 M €↓
2011
Annual accounts 20116,8 M €↑
2010
Annual accounts 20105,5 M €↓
2009
Annual accounts 20098,5 M €↓
2008
Annual accounts 200815,1 M €↑
2007
Annual accounts 20079,3 M €
30/06/1989
IncorporationPublic limited company

Kabelwerk Eupen AG

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline