Kabelwerk Eupen AG
0437.768.918 · rovalta.com · 27/09/2026
ACTIVE
Kabelwerk Eupen AG
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
Overview
Identity
Source · BCE/KBOKabelwerk 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· main27320Manufacture of other electronic and electric wires and cables31300Manufacture of furniture46649Wholesale of machinery for the textile industry and of sewing and knitting machines46699Wholesale of other machinery and equipment51872Air transport
Joint committees (2)
- 111
- 209
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 40 filingsTrend 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 valuationBoard of directors
Source · NBB, accounts to 31/12/202510 active · 13 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Mike Goblet | Director | since 22/10/2025 | 000 |
Alfred Bourseaux | Chairman of the board of directors | until 07/03/2026 | 0 |
| Director | 000 | ||
Bernhard Zeimers | Director | 000 | |
| Director | 000 | ||
Erich Thönnes | Director | ||
Ernst Bourseaux | Director | 00 | |
Godefridus Starmans | Director | until 08/09/2025 | 00 |
Hermann Josef Bernrath | Director | 00 | |
Margrit Offergeld-Krantz | Director | 000 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Bernhard Zeimers | Director | since 15/04/2020 | 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 |
EUPEN FINANZ AG● Active | 0437.759.218 |
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 | 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 · NBBLooking for more information about this company?
Try for freeAnnual 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 | |
| Consolidated accounts | 31/12/2025 | 15/04/2026 | 28/04/2026 | German | |
| Full model | 31/12/2024 | 16/04/2025 | 05/05/2025 | German | |
| Consolidated accounts | 31/12/2024 | 16/04/2025 | 05/05/2025 | German | |
| Full model | 31/12/2023 | 17/04/2024 | 02/05/2024 | German | |
| Consolidated accounts | 31/12/2023 | 17/04/2024 | 02/05/2024 | German | |
| Full model | 31/12/2022 | 19/04/2023 | 03/05/2023 | German | |
| Consolidated accounts | 31/12/2022 | 19/04/2023 | 03/05/2023 | German | |
| Full model | 31/12/2021 | 20/04/2022 | 04/05/2022 | German | |
| Consolidated accounts | 31/12/2021 | 20/04/2022 | 04/05/2022 | German | |
| Full model | 31/12/2020 | 21/04/2021 | 05/05/2021 | German | |
| Consolidated accounts | 31/12/2020 | 21/04/2021 | 05/05/2021 | German | |
| Full model | 31/12/2019 | 15/04/2020 | 12/05/2020 | German | |
| Consolidated accounts | 31/12/2019 | 15/04/2020 | 12/05/2020 | German | |
| Full model | 31/12/2018 | 17/04/2019 | 16/05/2019 | German | |
| Consolidated accounts | 31/12/2018 | 17/04/2019 | 16/05/2019 | German | |
| Full model | 31/12/2017 | 18/04/2018 | 15/05/2018 | German | |
| Consolidated accounts | 31/12/2017 | 18/04/2018 | 15/05/2018 | German | |
| Full model | 31/12/2016 | 19/04/2017 | 30/05/2017 | German | |
| Consolidated accounts | 31/12/2016 | 19/04/2017 | 30/05/2017 | German | |
| Full model | 31/12/2015 | 20/04/2016 | 24/05/2016 | German | |
| Consolidated accounts | 31/12/2015 | 20/04/2016 | 24/05/2016 | German | |
| Full model | 31/12/2014 | 15/04/2015 | 04/05/2015 | German | |
| Consolidated accounts | 31/12/2014 | 15/04/2015 | 04/05/2015 | German | |
| Full model | 31/12/2013 | 16/04/2014 | 14/05/2014 | German | |
| Consolidated accounts | 31/12/2013 | 16/04/2014 | 14/05/2014 | German | |
| Full model | 31/12/2012 | 17/04/2013 | 04/06/2013 | German | |
| Consolidated accounts | 31/12/2012 | 17/04/2013 | 04/06/2013 | German | |
| Full model | 31/12/2011 | 18/04/2012 | 23/05/2012 | German | |
| Consolidated accounts | 31/12/2011 | 18/04/2012 | 05/06/2012 | German | |
| Full model | 31/12/2010 | 20/04/2011 | 10/05/2011 | German | |
| Consolidated accounts | 31/12/2010 | 20/04/2011 | 11/05/2011 | German | |
| Full model | 31/12/2009 | 21/04/2010 | 29/04/2010 | German | |
| Consolidated accounts | 31/12/2009 | 21/04/2010 | 04/05/2010 | German | |
| Full model | 31/12/2008 | 15/04/2009 | 29/04/2009 | German | |
| Consolidated accounts | 31/12/2008 | 15/04/2009 | 30/04/2009 | German | |
| Full model | 31/12/2007 | 16/04/2008 | 08/05/2008 | German | |
| Consolidated accounts | 31/12/2007 | 16/04/2008 | 22/04/2008 | German | |
| Full model | 31/12/2006 | 18/04/2007 | 15/05/2007 | Dutch | |
| Consolidated accounts | 31/12/2006 | 18/04/2007 | 08/05/2007 | German |
Valuation
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.
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 31/12/202510 active · 13 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Mike Goblet | Director | since 22/10/2025 | 000 |
Alfred Bourseaux | Chairman of the board of directors | until 07/03/2026 | 0 |
| Director | 000 | ||
Bernhard Zeimers | Director | 000 | |
| Director | 000 | ||
Erich Thönnes | Director | ||
Ernst Bourseaux | Director | 00 | |
Godefridus Starmans | Director | until 08/09/2025 | 00 |
Hermann Josef Bernrath | Director | 00 | |
Margrit Offergeld-Krantz | Director | 000 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Bernhard Zeimers | Director | since 15/04/2020 | 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- Mandates10/06/2026ENTLASSUNG - ERNENNUNG
- Mandates21/05/2026ENTLASSUNG - ERNENNUNG
- Mandates21/05/2026ENTLASSUNG - ERNENNUNG
- Mandates21/05/2026ENTLASSUNG - ERNENNUNG
- Mandates21/05/2026ENTLASSUNG - ERNENNUNG
- Mandates13/05/2025ENTLASSUNG - ERNENNUNG
- Mandates13/05/2025ENTLASSUNG - ERNENNUNG
- Mandates30/05/2024ENTLASSUNG - ERNENNUNG
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 15/04/2026reconductionErich Thönnes · Verwaltungsratsmitglied
- 15/04/2026reconductionBernhard Zeimers · Verwaltungsratsmitglied
- 15/04/2026nominationMike Goblet · Verwaltungsratsmitglied
- 08/04/2026nominationErich Thönnes · Präsidenten des Verwaltungsrates
- 08/04/2026nominationFréderic Charles Bourseaux · Vize-Präsidenten des Verwaltungsrates
- 2025Annual accounts 20253,5 M €↓
- 16/04/2025nominationCallens, Vandelanotte & Theunissen BV · Kommissar
- 16/04/2025reconductionGodefridus Starmans · Verwaltungsratsmitglied
- 16/04/2025reconductionHermann Josef Bernrath · Verwaltungsratsmitglied
- 2024Annual accounts 202419,2 M €↓
- 17/04/2024reconductionC.A.P.A. Consulting AG · Verwaltungsratsmitglied
- 17/04/2024reconductionASTINVEST AG · Verwaltungsratsmitglied
- 2023Annual accounts 202322,2 M €↑
- 2022Annual accounts 20223,9 M €↑
- 20/04/2022reconductionAlfred Bourseaux · Verwaltungsratsmitglied
- 20/04/2022reconductionEmst Bourseaux · Verwaltungsratsmitglied
- 20/04/2022reconductionMargrit Offergeld geb. Krantz · Verwaltungsratsmitglied
- 20/04/2022nominationBurgerlijke Cooperatieve Vennootschap CALLENS, PIRENNE & Co. · Kommissar
- 2021Annual accounts 2021-40 M €↓
- 2020Annual accounts 20201,1 M €↓
- 2019Annual accounts 20192,7 M €↑
- 2018Annual accounts 20182,6 M €↓
- 2017Annual accounts 20172,9 M €↓
- 2016Annual accounts 20164,6 M €↑
- 2015Annual accounts 20153,7 M €↑
- 2014Annual accounts 20143,5 M €↑
- 2013Annual accounts 20133,5 M €↓
- 2012Annual accounts 20123,7 M €↓
- 2011Annual accounts 20116,8 M €↑
- 2010Annual accounts 20105,5 M €↓
- 2009Annual accounts 20098,5 M €↓
- 2008Annual accounts 200815,1 M €↑
- 2007Annual accounts 20079,3 M €
- 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 · 2026-00098791 |
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.