ACTIVE

EPICURE

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Financial year 2025 · closed on 31/12/2025

Net result

42,8 k €

+12.5% YoY

Gross margin

55,4 k €

+10.0% YoY

Equity

188,8 k €

+31.0% YoY

What does EPICURE do?

EPICURE is a Private limited company incorporated in 1996. Its registered office is in Stavelot.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.049.935

Incorporation

13/05/1996

Legal form

Private limited company

Registered office

Devant Chéneu, Hockai 50
4970 Stavelot · WallonieSee on map

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	55,4 k €	+10.0%	50,4 k €	+6.4%	47,4 k €	-24.4%	62,7 k €	+51.6%	41,3 k €	-24.1%	54,4 k €	+1.3%	53,8 k €	+0.5%	53,5 k €	-22.3%	68,9 k €	-4.6%	72,2 k €	+35.9%	53,1 k €	+71.0%	31,1 k €	-31.6%	45,4 k €	+232%	13,7 k €	+14.6%	11,9 k €	-40.0%	19,9 k €	+15.7%	17,2 k €	-26.1%	23,2 k €	+16.4%	20 k €
EBITDA	55,4 k €	+10.5%	50,1 k €	+7.5%	46,7 k €	-23.7%	61,1 k €	+51.0%	40,5 k €	-24.3%	53,4 k €	+1.5%	52,7 k €	+7.3%	49,1 k €	-27.1%	67,3 k €	-4.2%	70,3 k €	+35.3%	52 k €	+77.4%	29,3 k €	-33.4%	44 k €	+238%	13 k €	+35.9%	9,6 k €	-50.5%	19,4 k €	+16.8%	16,6 k €	-26.7%	22,6 k €	+22.8%	18,4 k €
Operating result	54,6 k €	+9.4%	49,9 k €	+20.9%	41,3 k €	-29.1%	58,2 k €	+87.2%	31,1 k €	-27.4%	42,8 k €	+1.9%	42 k €	+5.8%	39,7 k €	-34.7%	60,9 k €	-4.8%	63,9 k €	+36.9%	46,7 k €	+94.4%	24 k €	-38.0%	38,7 k €	+402%	7,7 k €	+125%	3,4 k €	-71.6%	12,1 k €	+30.1%	9,3 k €	-43.3%	16,4 k €	+83.9%	8,9 k €
Net result	42,8 k €	+12.5%	38 k €	+10.6%	34,4 k €	-29.4%	48,7 k €	+69.1%	28,8 k €	-13.0%	33,1 k €	+6.0%	31,2 k €	+11.8%	27,9 k €	-35.2%	43,1 k €	-13.7%	50 k €	+49.6%	33,4 k €	+94.6%	17,2 k €	-28.5%	24 k €	+496%	4 k €	+670%	-708 €	-111%	6,3 k €	+26.1%	5 k €	-48.5%	9,8 k €	+121%	4,4 k €
Balance sheet
Equity	188,8 k €	+31.0%	144,1 k €	+15.6%	124,6 k €	+15.1%	108,3 k €	+39.6%	77,6 k €	+16.2%	66,8 k €	+13.8%	58,7 k €	+11.9%	52,5 k €	-5.5%	55,5 k €	+28.0%	43,4 k €	+78.0%	24,4 k €	+16.4%	21 k €	-38.0%	33,8 k €	+13.5%	29,7 k €	+15.7%	25,7 k €	-2.7%	26,4 k €	-12.1%	30,1 k €	+20.1%	25 k €	+64.1%	15,3 k €
Total assets	222,2 k €	+39.9%	158,8 k €	-9.8%	176,1 k €	+6.0%	166,1 k €	+42.3%	116,7 k €	-2.8%	120,1 k €	+4.1%	115,3 k €	-3.8%	119,9 k €	+19.2%	100,6 k €	+0.8%	99,8 k €	+63.2%	61,2 k €	-1.5%	62,1 k €	-10.8%	69,6 k €	+12.8%	61,7 k €	-16.0%	73,5 k €	+29.7%	56,7 k €	-12.1%	64,4 k €	+8.5%	59,4 k €	+4.3%	57 k €
Cash	6,5 k €	+1193%	503,1 €	+5.2%	478,3 €	-91.0%	5,3 k €	+292%	1,4 k €	-81.0%	7,2 k €	-57.9%	17 k €	+3460%	477 €	-76.2%	2 k €	-82.9%	11,8 k €	-4.6%	12,3 k €	-4.6%	12,9 k €	-18.4%	15,8 k €	+3681%	419 €	-70.7%	1,4 k €	-67.7%	4,4 k €	+137%	1,9 k €	+102%	927 €	-49.1%	1,8 k €
Debts	33,4 k €	+127%	14,7 k €	-71.4%	51,4 k €	-11.1%	57,9 k €	+47.9%	39,1 k €	-26.5%	53,3 k €	-5.9%	56,6 k €	-16.0%	67,4 k €	+49.6%	45,1 k €	-20.2%	56,4 k €	+53.4%	36,8 k €	-10.6%	41,2 k €	+21.0%	34 k €	+7.2%	31,7 k €	-28.4%	44,3 k €	+62.9%	27,2 k €	-20.0%	34 k €	+0.9%	33,7 k €	-17.2%	40,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Thierry GRISAR

Director

Active

Ended mandates

Thierry GRISAR

Administrator - manager

Ended

THIERRY GRISAR

Manager

Ended

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	26/08/2024	31/07/2023	17/08/2022	09/06/2021	30/06/2020
General meeting	30/06/2026	30/06/2024	30/06/2023	30/06/2022	21/05/2021	24/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	31/08/2026	French	PDF
Micro model	31/12/2023	30/06/2024	26/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	17/08/2022	French	PDF
Micro model	31/12/2020	21/05/2021	09/06/2021	French	PDF
Micro model	31/12/2019	24/05/2020	30/06/2020	French	PDF
Micro model	31/12/2018	24/05/2019	03/07/2019	French	PDF
Micro model	31/12/2017	25/05/2018	05/07/2018	French	PDF
Micro model	31/12/2016	26/05/2017	06/07/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	17/06/2016	French	PDF
Abridged model	31/12/2014	22/05/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	29/03/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	25/03/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	25/08/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	31/10/2009	21/12/2009	French	PDF
Abridged model	31/12/2007	31/07/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	22/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 2 ended

Active mandates

Thierry GRISAR

Director

Active

Ended mandates

Thierry GRISAR

Administrator - manager

Ended

THIERRY GRISAR

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202542,8 k €↑
2023
Annual accounts 202338 k €↑
2022
Annual accounts 202234,4 k €↓
2021
Annual accounts 202148,7 k €↑
2020
Annual accounts 202028,8 k €↓
2019
Annual accounts 201933,1 k €↑
2018
Annual accounts 201831,2 k €↑
2017
Annual accounts 201727,9 k €↓
2016
Annual accounts 201643,1 k €↓
2015
Annual accounts 201550 k €↑
2014
Annual accounts 201433,4 k €↑
2013
Annual accounts 201317,2 k €↓
2012
Annual accounts 201224 k €↑
2011
Annual accounts 20114 k €↑
2010
Annual accounts 2010-708 €↓
2009
Annual accounts 20096,3 k €↑
2008
Annual accounts 20085 k €↓
2007
Annual accounts 20079,8 k €↑
2006
Annual accounts 20064,4 k €
13/05/1996
IncorporationPrivate 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

EPICURE

Overview

What does EPICURE do?

Trend over 19 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

Similar companies

Similar companies

Timeline