EPCO
Annual accounts 2020
full format, filed on 21-07-2021, 10 days before the deadline€45.9m
▼ 4.4%
€9.4m
▼ 23.0%
€9.9m
▼ 21.3%
€7.6m
▼ 16.5%
56.7%
▼ 4.2 percentage points
3.59
▲ 1.54
Money flows
of every €100 of turnover, €15.33 remains as profit in 2020Balance sheet
balance sheet total €40.1m on 31-12-2020What the company ownsHow it is paid for
in €m
in €m
Staff
Men and women8% women
42.8 men and 3.9 women in full-time equivalents in 2020.
€55,372
Men €55,853, women €50,089 per full-time equivalent. Jobs differ, so this is not a pay gap.
-1 person
people who joined
people who left
In 2020, 10 people joined and 11 left. Training hours in 2020: 4,520. Agency workers: 5.2 on average.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
40.1m | 50.4m | 41.8m | 31.7m | 22.3m | 12.6m | 10.9m | 10.1m | 7.8m | 6.3m | 9.1m | 8.0m | |
21/28 |
2.9m | 10.1m | 4.3m | 3.9m | 4.0m | 5.0m | 6.3m | 7.3m | 3.7m | 2.5m | 3.3m | 4.3m | |
21 |
345 | 2,037 | 3,729 | 9,030 | 15,287 | 12,742 | 17,308 | 21,874 | 352 | 418 | 484 | 550 | |
22/27 |
2.8m | 3.0m | 2.7m | 3.0m | 3.7m | 4.9m | 6.2m | 7.2m | 3.7m | 2.5m | 3.3m | 4.3m | |
22 |
2.1m | 2.4m | 2.5m | 2.8m | 3.0m | 3.3m | 3.6m | 3.3m | 2.3m | 2.4m | 2.5m | 2.7m | |
23 |
638,031 | 565,367 | 99,566 | 187,389 | 621,210 | 1.6m | 2.6m | 3.9m | 1.4m | 118,112 | 777,334 | 1.6m | |
24 |
17,250 | 34,785 | 24,969 | 29,942 | 24,221 | 28,881 | 56,377 | 68,061 | 35,686 | 11,749 | 11,727 | 14,061 | |
28 |
100,886 | 7.1m | 1.7m | 903,525 | 335,525 | 44,815 | 44,745 | 48,864 | 31,548 | 28,605 | 12,439 | 8,572 | |
280/1 |
95,361 | 7.1m | 1.6m | 895,000 | 335,000 | - | - | - | - | - | - | - | |
281 |
95,361 | 7.1m | 1.6m | 895,000 | 335,000 | - | - | - | - | - | - | - | |
284/8 |
5,525 | 8,525 | 8,525 | 8,525 | 525 | 44,815 | 44,745 | 48,864 | 31,548 | 28,605 | - | - | |
285/8 |
5,525 | 8,525 | 8,525 | 8,525 | 525 | 44,815 | 44,745 | 48,864 | 31,548 | 28,605 | - | - | |
29/58 |
37.2m | 40.3m | 37.5m | 27.8m | 18.3m | 7.6m | 4.7m | 2.8m | 4.1m | 3.8m | 5.9m | 3.8m | |
3 |
3.8m | 5.9m | 6.0m | 5.4m | 4.2m | 2.4m | 2.3m | 1.8m | 1.8m | 1.8m | 2.6m | 873,062 | |
30/36 |
3.8m | 5.9m | 6.0m | 5.4m | 4.2m | 2.3m | 2.1m | 1.5m | 1.7m | 1.7m | 2.3m | 807,967 | |
33 |
298,718 | 740,274 | 559,874 | 565,889 | 316,583 | - | - | - | - | - | - | - | |
34 |
3.5m | 5.1m | 5.4m | 4.8m | 3.9m | 2.3m | 2.1m | 1.5m | 1.7m | 1.7m | - | - | |
37 |
- | - | - | - | - | 102,193 | 175,829 | 228,650 | 54,708 | 141,326 | 269,330 | 65,095 | |
40/41 |
28.2m | 32.2m | 28.2m | 15.4m | 2.9m | 1.8m | 1.2m | 825,234 | 1.5m | 788,441 | 3.1m | 2.5m | |
40 |
4.2m | 8.0m | 6.5m | 3.2m | 1.8m | 1.8m | 881,828 | 794,002 | 996,951 | 724,090 | 789,121 | 202,422 | |
41 |
24.1m | 24.2m | 21.7m | 12.2m | 1.1m | 2,261 | 324,734 | 31,232 | 504,329 | 64,351 | 2.3m | 2.3m | |
54/58 |
5.1m | 2.3m | 3.3m | 7.0m | 11.2m | 3.4m | 1.2m | 194,974 | 819,737 | 1.2m | 210,217 | 389,233 | |
490/1 |
15,386 | - | 4,172 | 10,455 | - | - | 6,361 | 5,849 | - | 8,970 | 4,233 | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
40.1m | 50.4m | 41.8m | 31.7m | 22.3m | 12.6m | 10.9m | 10.1m | 7.8m | 6.3m | 9.1m | 8.0m | |
10/15 |
22.7m | 30.7m | 22.0m | 13.5m | 9.2m | 8.9m | 4.8m | 2.2m | 3.7m | 1.7m | 1.5m | 77,924 | |
10/11 |
62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 1.5m | 1.5m | 1.5m | 1.5m | |
100 |
62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 62,400 | 1.5m | 1.5m | 1.5m | 1.5m | |
13 |
151,440 | 151,440 | 151,440 | 151,440 | 151,440 | 151,440 | 151,440 | 151,440 | 151,440 | 150,000 | - | - | |
130/1 |
150,000 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | - | - | |
133 |
1,440 | 1,440 | 1,440 | 1,440 | 1,440 | 1,440 | 1,440 | 1,440 | 1,440 | - | - | - | |
14 |
22.4m | 30.4m | 21.7m | 13.2m | 8.9m | 8.7m | 4.6m | 2.0m | 2.0m | 59,349 | -33,136 | -1.4m | |
15 |
62,598 | 69,770 | 79,780 | 93,992 | 138,904 | - | - | - | - | - | - | - | |
17/49 |
17.4m | 19.7m | 19.8m | 18.3m | 13.1m | 3.7m | 6.1m | 7.9m | 4.1m | 4.6m | 7.7m | 8.0m | |
17 |
7.0m | - | 8.7m | 7.2m | 6.3m | - | - | - | - | 1.3m | 3.7m | 4.3m | |
170/4 |
- | - | 8.7m | 7.2m | 6.3m | - | - | - | - | 1.3m | 3.7m | 4.3m | |
173 |
- | - | 8.7m | 7.2m | 6.3m | - | - | - | - | 1.3m | - | - | |
178/9 |
7.0m | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
10.4m | 19.7m | 11.0m | 11.0m | 6.7m | 3.7m | 6.1m | 7.9m | 4.1m | 3.3m | 4.0m | 3.7m | |
42 |
- | - | - | 1.5m | - | - | - | - | - | 86,088 | 1.4m | 2.2m | |
43 |
- | - | - | - | - | - | 1.8m | 1.6m | - | - | 900,000 | 400,000 | |
430/8 |
- | - | - | - | - | - | 1.8m | 1.6m | - | - | 900,000 | 400,000 | |
44 |
3.5m | 4.2m | 2.9m | 2.5m | 1.0m | 1.4m | 753,335 | 943,282 | 1.2m | 823,046 | 1.5m | 1.1m | |
440/4 |
3.5m | 4.2m | 2.9m | 2.5m | 1.0m | 1.4m | 753,335 | 943,282 | 1.2m | 823,046 | 1.5m | 1.1m | |
46 |
- | - | 392,545 | - | - | - | - | 103,498 | - | - | - | - | |
45 |
6.4m | 8.1m | 7.7m | 7.0m | 5.6m | 2.3m | 1.5m | 904,551 | 1.4m | 209,852 | 48,031 | 5,613 | |
450/3 |
6.2m | 7.9m | 7.5m | 6.7m | 5.3m | 2.1m | 1.4m | 734,061 | 1.2m | 146,820 | 9,330 | - | |
454/9 |
228,738 | 244,149 | 223,662 | 254,597 | 291,678 | 112,458 | 111,663 | 170,490 | 159,900 | 63,032 | 38,701 | 5,613 | |
47/48 |
459,018 | 7.3m | - | - | - | - | 2.0m | 4.3m | 1.6m | 2.1m | 121,908 | 3,561 | |
492/3 |
- | - | 68,188 | 70,009 | 58,434 | 4,520 | - | 11 | - | 14,756 | - | - | |
| Income statement | |||||||||||||
70/76A |
46.5m | 49.5m | 54.8m | 46.5m | 37.2m | 29.0m | 26.7m | 23.6m | 21.5m | 19.6m | - | - | |
70 |
45.9m | 48.0m | 53.9m | 45.5m | 36.8m | 29.1m | 26.8m | 23.3m | 21.6m | 19.6m | - | - | |
71 |
-441,556 | 180,400 | -6,015 | 249,306 | 214,390 | -73,637 | -52,821 | 173,943 | -86,618 | -128,004 | - | - | |
76A |
- | 85,150 | - | 7,892 | - | - | - | - | 1 | - | - | - | |
9900 |
- | - | - | - | - | - | - | - | - | - | 3.5m | 308,438 | |
60/66A |
37.1m | 37.4m | 42.2m | 36.1m | 27.7m | 22.6m | 22.5m | 20.1m | 18.4m | 16.6m | - | - | |
60 |
30.5m | 31.5m | 36.5m | 30.5m | 22.9m | 18.1m | 17.4m | 15.9m | 15.5m | 13.5m | - | - | |
600/8 |
28.9m | 31.2m | 37.0m | 31.5m | 24.5m | 18.3m | 17.9m | 15.8m | 15.5m | 12.8m | - | - | |
609 |
1.6m | 272,424 | -558,974 | -965,412 | -1.6m | -201,978 | -532,379 | 153,982 | -40,722 | 641,882 | - | - | |
61 |
3.5m | 3.0m | 2.8m | 2.5m | 1.6m | 1.4m | 1.6m | 1.3m | 1.3m | 1.3m | - | - | |
62 |
2.6m | 2.5m | 2.4m | 2.3m | 1.8m | 1.7m | 1.6m | 1.4m | 1.2m | 913,442 | 623,652 | 130,326 | |
630 |
514,989 | 393,545 | 369,970 | 777,457 | 1.4m | 1.5m | 2.0m | 1.4m | 374,240 | 939,922 | 1.3m | 3.7m | |
631/4 |
7,549 | - | - | -1,538 | - | - | 31,066 | - | - | 16,705 | - | - | |
640/8 |
43,317 | 31,045 | 30,619 | 29,826 | 55,049 | 23,662 | 2,056 | 9,694 | 28,357 | 4,721 | 4,909 | 2,322 | |
66A |
- | - | 5,000 | 902 | 250 | - | 311 | - | 7,079 | - | - | - | |
9901 |
9.4m | 12.1m | 12.7m | 10.3m | 9.5m | 6.4m | 4.2m | 3.5m | 3.1m | 2.9m | 1.5m | -3.6m | |
75/76B |
693,068 | 1.0m | 409,195 | 274,226 | 555,469 | 89,153 | 129,021 | 103,430 | 91,839 | 27,291 | 43,648 | 2.3m | |
75 |
693,068 | 1.0m | 409,195 | 274,226 | 555,469 | 89,153 | 129,021 | 103,430 | 91,839 | 27,291 | 43,648 | 2.3m | |
751 |
502,180 | 897,508 | 239,199 | 81,340 | 5 | 533 | 13,961 | 2,364 | 2,673 | 927 | - | - | |
752/9 |
190,888 | 129,989 | 169,996 | 192,886 | 555,464 | 88,620 | 115,060 | 101,066 | 89,166 | 26,364 | - | - | |
65/66B |
762,526 | 588,459 | 560,241 | 464,664 | 314,270 | 323,868 | 320,196 | 258,871 | 203,731 | 208,901 | 192,845 | 118,442 | |
65 |
762,526 | 588,459 | 555,241 | 464,174 | 314,020 | 323,868 | 320,196 | 258,871 | 203,731 | 208,901 | 192,845 | 118,442 | |
650 |
460,746 | 275,012 | 163,693 | 164,942 | 59,857 | 86,656 | 123,452 | 101,791 | 90,404 | 121,778 | - | - | |
652/9 |
301,780 | 313,447 | 391,548 | 299,232 | 254,163 | 237,212 | 196,744 | 157,079 | 113,327 | 87,123 | - | - | |
66B |
- | - | 5,000 | 490 | 250 | - | - | - | - | - | - | - | |
9903 |
9.3m | 12.6m | 12.5m | 10.2m | 9.7m | 6.2m | 4.0m | 3.3m | 3.0m | 2.7m | 1.4m | -1.4m | |
67/77 |
2.2m | 3.9m | 4.0m | 3.5m | 3.2m | 2.1m | 1.4m | 1.1m | 1.0m | 146,933 | 26 | - | |
670/3 |
2.2m | 3.9m | 4.0m | 3.5m | 3.2m | 2.1m | 1.4m | 1.1m | 1.0m | 146,959 | - | - | |
77 |
- | 7,466 | 15,604 | 23,440 | 14,772 | 18,973 | - | - | 8,142 | 26 | - | - | |
9904 |
7.0m | 8.7m | 8.6m | 6.6m | 6.5m | 4.1m | 2.6m | 2.2m | 2.0m | 2.6m | 1.4m | -1.4m | |
9905 |
7.0m | 8.7m | 8.6m | 6.6m | 6.5m | 4.1m | 2.6m | 2.2m | 2.0m | 2.6m | 1.4m | -1.4m | |
| Appropriation of the result | |||||||||||||
9906 |
37.4m | 30.4m | 21.7m | 15.5m | 15.2m | 8.7m | 4.6m | 4.2m | 2.0m | 2.6m | -33,136 | -1.4m | |
691/2 |
- | - | - | - | - | - | - | - | - | 150,000 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 150,000 | - | - | |
694/7 |
15.0m | - | - | 2.3m | 6.3m | - | - | 2.2m | - | 2.4m | - | - | |
694 |
15.0m | - | - | 2.3m | 6.3m | - | - | 2.2m | - | 2.4m | - | - | |
| Social balance sheet | |||||||||||||
9087 |
46.7 | 47.2 | 45.3 | 43.6 | 37.9 | 38.9 | 36.3 | 31.2 | 30.1 | 23.3 | 17.7 | 4.8 | |
Men (FTE)1003 |
42.8 | 42.9 | 41.6 | 39.8 | 33.5 | 35.2 | 32.6 | 27.7 | 27.1 | - | - | - | |
Women (FTE)1003 |
3.9 | 4.3 | 3.7 | 3.8 | 4.4 | 3.7 | 3.7 | 3.5 | 3 | - | - | - | |
Agency workers1501 |
5.2 | 4.3 | 6.9 | 2.5 | 6.5 | - | 2 | 0.5 | 0.1 | 25 | - | - | |
Hours worked1013 |
68,968 | 75,805 | 74,888 | 72,150 | 62,411 | 62,135 | 61,016 | 51,964 | 50,435 | 37,449 | 30,365 | 8,302 | |
| Document | |||||||||||||
Source: Annual accounts 2020 (PDF), filed on 21-07-2021.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | full format | 21-07-2021 | 2021-38200379 | |
| 31-12-2019 | full format | 07-10-2020 | 2020-59900205 | |
| 31-12-2018 | full format | 18-08-2019 | 2019-47200500 | |
| 31-12-2017 | full format | 25-06-2018 | 2018-23200122 | |
| 31-12-2016 | full format | 17-08-2017 | 2017-44700065 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-57900555 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-57000216 | |
| 31-12-2013 | full format | 31-07-2014 | 2014-37500200 | |
| 31-12-2012 | full format | 09-07-2013 | 2013-29100445 | |
| 31-12-2011 | full format | 29-08-2012 | 2012-49300145 | |
| 31-12-2010 | full format | 11-07-2011 | 2011-27700262 | |
| 31-12-2009 | full format | 20-07-2010 | 2010-32900385 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.9m | 12.5m | 13.1m | 11.1m | 10.8m | 7.9m | 6.2m | 4.9m | 3.5m | 3.9m | 2.8m | 175,790 | ||
| 7.6m | 9.0m | 9.0m | 7.4m | 7.9m | 5.6m | 4.6m | 3.6m | 2.3m | 3.5m | 2.7m | 2.3m | ||
| 344,582 | 695,266 | 28,260 | 117,106 | 95,725 | 235,922 | 898,992 | 5.0m | 1.6m | 173,403 | 286,512 | 8.0m | ||
| 2.8m | -1.1m | -3.7m | -4.1m | 7.7m | 2.2m | 990,166 | -624,764 | -377,112 | 986,632 | -179,016 | - | ||
| 26.8m | 20.6m | 26.5m | 16.8m | 11.6m | 3.9m | -1.4m | -5.1m | -55,216 | 534,972 | 1.9m | 53,126 | ||
| 20.4% | 25.3% | 23.5% | 22.8% | 25.7% | 22.0% | 15.7% | 15.0% | 14.5% | 14.9% | - | - | ||
| 56.7% | 60.9% | 52.7% | 42.4% | 41.4% | 70.6% | 44.4% | 22.2% | 47.1% | 27.0% | 16.0% | 1.0% | ||
| 3.59 | 2.05 | 3.40 | 2.53 | 2.75 | 2.06 | 0.77 | 0.36 | 0.99 | 1.16 | 1.48 | 1.01 | ||
| 3.22 | 1.75 | 2.86 | 2.04 | 2.12 | 1.42 | 0.40 | 0.13 | 0.56 | 0.61 | 0.83 | 0.78 | ||
| 0.76 | 0.64 | 0.90 | 1.36 | 1.42 | 0.42 | 1.25 | 3.51 | 1.12 | 2.70 | 5.23 | - | ||
| 31.0% | 28.2% | 38.9% | 49.3% | 70.7% | 45.6% | 53.7% | 98.7% | 53.5% | 151.7% | 94.7% | - | ||
| 17.6% | 17.2% | 20.5% | 20.9% | 29.3% | 32.2% | 23.9% | 21.9% | 25.2% | 41.0% | 15.2% | -17.7% | ||
| 21.41 | 45.60 | 79.77 | 67.44 | over 100 | 91.29 | 49.84 | 48.39 | 38.64 | 31.70 | - | - | ||
| 33 days | 61 days | 44 days | 25 days | 18 days | 23 days | 12 days | 12 days | 17 days | 13 days | - | - | ||
| 37 days | 45 days | 27 days | 28 days | 15 days | 27 days | 14 days | 20 days | 25 days | 20 days | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Revenue breakdown
By activity 2020
- Ventes panneaux €45,920,789100.0%
Source: 2020 accounts, page 19, filing 2021-38200379
Insights on EPCO
The operating result for 2020 is 23% lower than in 2019 and the lowest since 2015. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 39.1% to 43.3%. Equity and debt are lower.