ACTIVE

EUPEN ANLAGEN

Financial year 2025 · Closed on 31/12/2025

Net result-19,4 k €+70,2 %over 1 year

Gross margin-128,5 k €-912,1 %over 1 year

Equity9,4 M €-0,2 %over 1 year

Identity

Source · BCE/KBO

EUPEN ANLAGEN is a Public limited company incorporated in 1990. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Eupen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.463.529
Incorporation: 12/07/1990
Legal form: Public limited company
Registered office: Rue de Malmedy 9
4700 Eupen · WallonieSee on map
Contributed capital: 4 000 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 52100Warehousing and storage 52100Warehousing and storage

Signals

Solid equityLow riskPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-128,5 k €	-912%	15,8 k €	+117%	-94,1 k €	-50.2%	-62,6 k €	-475%	16,7 k €
EBITDA	-136,6 k €	-1790%	8,1 k €	+108%	-102 k €	-46.5%	-69,6 k €	-1472%	5,1 k €
Operating result	-160,1 k €	-955%	-15,2 k €	+88.2%	-129,2 k €	+4.2%	-134,8 k €	-641%	-18,2 k €
Net result	-19,4 k €	+70.2%	-64,9 k €	+60.7%	-165,4 k €	-5.9%	-156,1 k €	+9.8%	-173 k €
Balance sheet
Equity	9,4 M €	-0.2%	9,4 M €	-1.8%	9,6 M €	-1.7%	9,8 M €	-2.6%	10 M €
Total assets	12 M €	+1.9%	11,7 M €	-1.4%	11,9 M €	+1.2%	11,8 M €	-5.8%	12,5 M €
Cash	228,7 k €	+126%	101 k €	+12.3%	90 k €	+543%	14 k €	-93.2%	205,8 k €
Debts	2,5 M €	+11.8%	2,2 M €	+3.9%	2,2 M €	+15.7%	1,9 M €	-15.7%	2,2 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 17 ended

Active mandates

Erich Thönnes

Director · since 28 avril 2026 · until 27 avril 2032

Active

Hermann Bernrath

Director · since 28 avril 2026 · until 27 avril 2032

Active

Alfred Bourseaux

Managing director · since 24 avril 2020 · until 07 mars 2026

Active

Godefridus Starmans

Director · since 24 avril 2020 · until 08 septembre 2025

Active

Ended mandates

ETMA AG

Director · since 28 avril 2020 · until 28 avril 2026 · 0437.102.190

Represented by Erich Thönnes

Ended

Godefridus Starmans

Director · since 28 avril 2020 · until 28 avril 2026

Ended

Alfred Bourseaux

Managing director · since 24 avril 2020 · until 28 avril 2026

Ended

Alfred Bourseaux

Managing director · since 22 avril 2014 · until 28 avril 2020

Ended

Other companies at this address

Rue de Malmedy 9 4700 Eupen

Company	CBE no.
EUPEN FINANZ AG● Active	0437.759.218
Kabelwerk Eupen AG● Active	0437.768.918

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	27/08/2026	03/07/2025	08/05/2024	07/06/2023	25/05/2022	03/05/2021
General meeting	28/04/2026	22/04/2025	23/04/2024	26/04/2023	26/04/2022	27/04/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/04/2026	27/08/2026	German	PDF
Abridged model	31/12/2024	22/04/2025	03/07/2025	German	PDF
Abridged model	31/12/2023	23/04/2024	08/05/2024	German	PDF
Abridged model	31/12/2022	26/04/2023	07/06/2023	German	PDF
Abridged model	31/12/2021	26/04/2022	25/05/2022	German	PDF
Abridged model	31/12/2020	27/04/2021	03/05/2021	German	PDF
Abridged model	31/12/2019	28/04/2020	14/05/2020	German	PDF
Abridged model	31/12/2018	23/04/2019	17/05/2019	German	PDF
Abridged model	31/12/2017	24/04/2018	25/05/2018	German	PDF
Abridged model	31/12/2016	25/04/2017	22/06/2017	German	PDF
Full model	31/12/2015	26/04/2016	02/06/2016	German	PDF
Full model	31/12/2014	28/04/2015	21/05/2015	German	PDF
Full model	31/12/2013	22/04/2014	15/05/2014	German	PDF
Full model	31/12/2012	23/04/2013	13/06/2013	German	PDF
Full model	31/12/2011	24/04/2012	31/05/2012	German	PDF
Full model	31/12/2010	26/04/2011	05/05/2011	German	PDF
Abridged model	31/12/2009	27/04/2010	03/06/2010	German	PDF
Abridged model	31/12/2008	28/04/2009	18/05/2009	German	PDF
Abridged model	31/12/2007	22/04/2008	14/05/2008	German	PDF
Abridged model	31/12/2006	24/04/2007	16/05/2007	German	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

4 active · 17 ended

Active mandates

Erich Thönnes

Director · since 28 avril 2026 · until 27 avril 2032

Active

Hermann Bernrath

Director · since 28 avril 2026 · until 27 avril 2032

Active

Alfred Bourseaux

Managing director · since 24 avril 2020 · until 07 mars 2026

Active

Godefridus Starmans

Director · since 24 avril 2020 · until 08 septembre 2025

Active

Ended mandates

ETMA AG

Director · since 28 avril 2020 · until 28 avril 2026 · 0437.102.190

Represented by Erich Thönnes

Ended

Godefridus Starmans

Director · since 28 avril 2020 · until 28 avril 2026

Ended

Alfred Bourseaux

Managing director · since 24 avril 2020 · until 28 avril 2026

Ended

Alfred Bourseaux

Managing director · since 22 avril 2014 · until 28 avril 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/07/2026
ENTLASSUNG - ERNENNUNG
PDF
Other28/11/2023
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates25/05/2022
ENTLASSUNG - ERNENNUNG
PDF
Mandates10/06/2020
ENTLASSUNG - ERNENNUNG
PDF
Mandates15/05/2019
ENTLASSUNG - ERNENNUNG
PDF
Mandates18/05/2016
ENTLASSUNG - ERNENNUNG
PDF
Mandates09/05/2014
ENTLASSUNG - ERNENNUNG
PDF
Mandates22/05/2008
ENTLASSUNG - ERNENNUNG
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025-19,4 k €↑
2024
Annual accounts 2024-64,9 k €↑
2023
Annual accounts 2023-165,4 k €↓
2022
Annual accounts 2022-156,1 k €↑
2021
Annual accounts 2021-173 k €↓
2020
Annual accounts 2020372 k €↑
2019
Annual accounts 2019-623,2 k €↓
2018
Annual accounts 2018302 k €↑
2017
Annual accounts 2017285,4 k €↑
2016
Annual accounts 2016236,6 k €↓
2015
Annual accounts 2015261,3 k €↓
2014
Annual accounts 2014276,7 k €↓
2013
Annual accounts 20132,3 M €↓
2012
Annual accounts 20122,6 M €↑
2011
Annual accounts 2011285,6 k €↑
2010
Annual accounts 2010261,7 k €↑
2009
Annual accounts 2009208 k €↑
2008
Annual accounts 2008157,9 k €↑
2007
Annual accounts 2007157,2 k €
12/07/1990
IncorporationPublic limited company

EUPEN ANLAGEN

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