ACTIVE

SES-EUPEN

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Financial year 2025 · closed on 31/12/2025

Net result

95,1 k €

+22.5% YoY

Gross margin

654 k €

-4.1% YoY

Equity

761,5 k €

+2.0% YoY

Workforce

6,5 ETP

-4.4% YoY

What does SES-EUPEN do?

SES-EUPEN is a Public limited company incorporated in 1993. Its registered office is in Eupen. It employs on average 6,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.720.803

Incorporation

09/04/1993

Legal form

Public limited company

Registered office

Textilstrasse 1
4700 Eupen · WallonieSee on map

Contributed capital

300 000,00 €

Latest accounts

31/12/2025

Average workforce

6,5 ETP

Joint committees (5)

14901
149010
200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	654 k €	-4.1%	682,3 k €	+7.4%	635,4 k €	-3.7%	660 k €	+23.6%	533,9 k €	-0.6%	537,1 k €	-6.5%	574,7 k €	+0.3%	573,2 k €	-4.6%	601,1 k €	-5.6%	637,1 k €	+1.4%	628,5 k €	+0.3%	626,6 k €	-0.5%	629,9 k €	-1.6%	640,4 k €	-5.8%	680 k €	+14.2%	595,4 k €	+16.6%	510,8 k €	-28.7%	715,9 k €	+3.2%	693,9 k €	+6.9%	649,2 k €
EBITDA	157,6 k €	+15.1%	136,8 k €	-1.9%	139,4 k €	-18.9%	171,9 k €	+144%	70,4 k €	-24.6%	93,3 k €	+2.1%	91,4 k €	+11.3%	82,1 k €	-30.2%	117,6 k €	-13.4%	135,9 k €	-24.0%	178,7 k €	+41.5%	126,3 k €	-7.1%	136 k €	-14.9%	159,9 k €	-4.3%	167,2 k €	+47.9%	113,1 k €	+99.7%	56,6 k €	-75.9%	234,7 k €	+8.1%	217,1 k €	+17.3%	185,2 k €
Operating result	132,7 k €	+17.9%	112,5 k €	-2.5%	115,4 k €	-26.0%	155,9 k €	+215%	49,5 k €	-8.6%	54,2 k €	+36.9%	39,6 k €	+42.7%	27,7 k €	-55.1%	61,8 k €	-26.5%	84,1 k €	-35.2%	129,7 k €	+88.7%	68,8 k €	-15.9%	81,7 k €	-18.9%	100,8 k €	-1.3%	102,1 k €	+118%	46,8 k €	+532%	-10,8 k €	-107%	165 k €	+16.9%	141,1 k €	+48.8%	94,8 k €
Net result	95,1 k €	+22.5%	77,6 k €	-5.1%	81,8 k €	-26.1%	110,6 k €	+192%	37,9 k €	+7.5%	35,2 k €	+32.5%	26,6 k €	+98.9%	13,4 k €	-63.4%	36,5 k €	-32.8%	54,3 k €	-35.8%	84,6 k €	+85.5%	45,6 k €	-10.5%	50,9 k €	-20.0%	63,6 k €	-4.2%	66,5 k €	+106%	32,3 k €	+224%	-26 k €	-124%	110,2 k €	+19.7%	92,1 k €	+63.3%	56,4 k €
Balance sheet
Equity	761,5 k €	+2.0%	746,4 k €	+2.4%	728,8 k €	+3.1%	707 k €	+7.7%	656,4 k €	-3.3%	678,5 k €	+5.5%	643,2 k €	-4.9%	676,6 k €	-6.4%	723,3 k €	-3.1%	746,8 k €	-0.8%	752,5 k €	+3.4%	727,9 k €	+0.8%	722,3 k €	+1.5%	711,4 k €	+2.0%	697,8 k €	+2.4%	681,3 k €	+5.0%	649 k €	-3.9%	675,1 k €	+8.0%	624,8 k €	+8.2%	577,7 k €
Total assets	1,2 M €	-3.2%	1,3 M €	+0.7%	1,3 M €	+3.4%	1,2 M €	+12.4%	1,1 M €	+6.1%	1 M €	-0.4%	1 M €	-4.3%	1,1 M €	-2.5%	1,1 M €	-5.7%	1,2 M €	-12.1%	1,3 M €	+7.1%	1,3 M €	-10.0%	1,4 M €	-0.9%	1,4 M €	-6.2%	1,5 M €	-0.1%	1,5 M €	-2.9%	1,6 M €	-10.7%	1,7 M €	-5.7%	1,8 M €	+7.2%	1,7 M €
Cash	424,3 k €	-0.7%	427,5 k €	+15.7%	369,5 k €	+32.7%	278,4 k €	-2.7%	286,3 k €	+3.6%	276,3 k €	-2.7%	283,9 k €	+40.2%	202,4 k €	+24.9%	162,1 k €	+26.7%	128 k €	+19.8%	106,8 k €	-21.0%	135,2 k €	-30.2%	193,7 k €	+6.3%	182,3 k €	+1.6%	179,4 k €	+25.9%	142,5 k €	+6.2%	134,1 k €	-27.0%	183,9 k €	+7.9%	170,4 k €	+81.8%	93,7 k €
Debts	483,7 k €	-10.3%	539,2 k €	-1.0%	544,5 k €	+4.4%	521,6 k €	+19.4%	436,8 k €	+24.4%	351,2 k €	-10.8%	393,6 k €	-1.7%	400,5 k €	+3.2%	388 k €	-8.4%	423,5 k €	-27.6%	584,5 k €	+12.8%	518 k €	-22.2%	665,4 k €	-3.0%	686,2 k €	-13.3%	791,7 k €	-2.1%	808,7 k €	-8.8%	886,6 k €	-14.8%	1 M €	-12.8%	1,2 M €	+7.0%	1,1 M €
Other
Workforce	6,5 ETP	-4.4%	6,8 ETP	+6.2%	6,4 ETP	-11.1%	7,2 ETP	+4.3%	6,9 ETP	-2.8%	7,1 ETP	-2.7%	7,3 ETP	-5.2%	7,7 ETP	-3.7%	8,0 ETP	0.0%	8,0 ETP	+8.1%	7,4 ETP	-9.8%	8,2 ETP	0.0%	8,2 ETP	+3.8%	7,9 ETP	-6.0%	8,4 ETP	-5.6%	8,9 ETP	+6.0%	8,4 ETP	-3.4%	8,7 ETP	-4.4%	9,1 ETP	0.0%	9,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 24 ended

Active mandates

Didier LAURYSSENS

Managing director · since 27 mars 2026 · until 27 mars 2032

Active

Nadine SAUGY

Director · since 27 mars 2026 · until 27 mars 2032

Active

Christine RAUW

Director · since 20 décembre 2023 · until 20 décembre 2029

Active

Daniel ROLLIER

Director · since 20 décembre 2023 · until 20 décembre 2029

Active

SES Sterling Industrie Holding AUTRE

Director · since 20 décembre 2023 · until 20 décembre 2029

Represented by ROLLIER Daniel

Active

Ended mandates

DANIEL ROLLIER

Director · since 04 juin 2021 · until 04 juin 2027

Ended

SES STERLING INDUSTRIE HOLDING SA

Director · since 04 juin 2021 · until 04 juin 2027

Represented by Fimbel DANIEL ROLLIER

Ended

CHRISTEL RAUW

Managing director · since 20 juillet 2020 · until 20 juillet 2026

Ended

SES STERLING SA SA

Director · since 01 juin 2018 · until 01 juin 2024

Represented by Patrick Egea

Ended

Annual accounts

Full financial information

	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	22/06/2026	11/06/2025	13/06/2024	31/07/2023	14/06/2022	15/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	22/06/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	11/06/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	13/06/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	14/06/2022	French	PDF
Abridged model	31/12/2020	04/06/2021	15/07/2021	French	PDF
Abridged model	31/12/2019	20/07/2020	14/08/2020	French	PDF
Abridged model	31/12/2018	07/06/2019	24/07/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	21/06/2018	French	PDF
Abridged model	31/12/2016	02/06/2017	07/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	12/08/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	02/07/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	13/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	12/06/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	14/06/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	10/06/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	11/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 24 ended

Active mandates

Didier LAURYSSENS

Managing director · since 27 mars 2026 · until 27 mars 2032

Active

Nadine SAUGY

Director · since 27 mars 2026 · until 27 mars 2032

Active

Christine RAUW

Director · since 20 décembre 2023 · until 20 décembre 2029

Active

Daniel ROLLIER

Director · since 20 décembre 2023 · until 20 décembre 2029

Active

SES Sterling Industrie Holding AUTRE

Director · since 20 décembre 2023 · until 20 décembre 2029

Represented by ROLLIER Daniel

Active

Ended mandates

DANIEL ROLLIER

Director · since 04 juin 2021 · until 04 juin 2027

Ended

SES STERLING INDUSTRIE HOLDING SA

Director · since 04 juin 2021 · until 04 juin 2027

Represented by Fimbel DANIEL ROLLIER

Ended

CHRISTEL RAUW

Managing director · since 20 juillet 2020 · until 20 juillet 2026

Ended

SES STERLING SA SA

Director · since 01 juin 2018 · until 01 juin 2024

Represented by Patrick Egea

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2026
DEMISSION
PDF
Mandates08/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2024
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - VERSCHIEDENES - ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG
PDF
Mandates02/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates21/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2015
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202595,1 k €↑
2024
Annual accounts 202477,6 k €↓
2023
Annual accounts 202381,8 k €↓
2022
Annual accounts 2022110,6 k €↑
2021
Annual accounts 202137,9 k €↑
2020
Annual accounts 202035,2 k €↑
2019
Annual accounts 201926,6 k €↑
2018
Annual accounts 201813,4 k €↓
2017
Annual accounts 201736,5 k €↓
2016
Annual accounts 201654,3 k €↓
2015
Annual accounts 201584,6 k €↑
2014
Annual accounts 201445,6 k €↓
2013
Annual accounts 201350,9 k €↓
2012
Annual accounts 201263,6 k €↓
2011
Annual accounts 201166,5 k €↑
2010
Annual accounts 201032,3 k €↑
2009
Annual accounts 2009-26 k €↓
2008
Annual accounts 2008110,2 k €↑
2007
Annual accounts 200792,1 k €↑
2006
Annual accounts 200656,4 k €
09/04/1993
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SES-EUPEN

Overview

What does SES-EUPEN do?

Trend over 20 financial years

Indicative valuation

Board of directors

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