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EPICURE

Active
Private limited companyfounded 199630 yrs activeDevant Chéneu, Hockai 50, 4970 Stavelot, BelgiumKBO/BCE: BE 0458.049.935
Summary

EPICURE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188,796 and a net result of €42,796. Equity is growing by ~17.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2023
Profitability93▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 6.62 against 10.68 in 2023; short-term debt: 15% and cash: 2.9% of total assets), and 15% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
85%
Return on assets
19.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2023
26 d late
2022
on the day
2021
17 d late
2020
52 d early
2019
31 d early
2018
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

EPICURE was incorporated on 13 May 1996.1 Total assets rose from EUR 115,326 in 2018 to EUR 222,170 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€0
Total assets
€222,170▲ 39.9%
2023 · €158,825
Net result
€42,796▲ 12.5%
2023 · €38,028
Working capital
€187,524▲ 31.8%
2023 · €142,314
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232025
Turnover€0
Operating result€31,095▼ 27.4%€58,218▲ 87.2%€41,280▼ 29.1%€49,924▲ 20.9%€54,617-
Net result€28,791▼ 13.0%€48,686▲ 69.1%€34,376▼ 29.4%€38,028▲ 10.6%€42,796-
Equity€77,580▲ 16.2%€108,266▲ 39.6%€124,642▲ 15.1%€144,120▲ 15.6%€188,796-
Total assets€116,727▼ 2.8%€166,144▲ 42.3%€176,086▲ 6.0%€158,825▼ 9.8%€222,170-
Debt€39,146▼ 26.5%€57,878▲ 47.9%€51,445▼ 11.1%€14,705▼ 71.4%€33,374-
Working capital€80,436▲ 23.2%€109,289▲ 35.9%€125,856▲ 15.2%€142,314▲ 13.1%€187,524-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2020: €31,095€31,095Net result 2020: €28,791€28,791Operating result 2021: €58,218€58,218Net result 2021: €48,686€48,686Operating result 2022: €41,280€41,280Net result 2022: €34,376€34,376Operating result 2023: €49,924€49,924Net result 2023: €38,028€38,028Operating result 2025: €54,617€54,617Net result 2025: €42,796€42,79620202021202220232025€0€20,000€40,000€60,000Operating result 2022: €41,280€41,300Net result 2022: €34,376€34,400Operating result 2023: €49,924€49,900Net result 2023: €38,028€38,000Operating result 2025: €54,617€54,600Net result 2025: €42,796€42,800202220232025
The operating result is €54,617 in 2025, compared with €49,924 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €222,170
Fixed assets €1,272 ▼ 29.6%
Current assets €220,898 ▲ 40.7%
Equity and liabilities €222,170
Equity €188,796 ▲ 31.0%
Debt €33,374 ▲ 127%
Debt's share of the balance-sheet total rises from 9.3% to 15.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2023
EBITDA
€55,399▲
2023 · €50,144
Cash flow
€43,577▲
2023 · €38,249
Current ratio
6.62▼
2023 · 10.68
Debt to equity
0.18▲
2023 · 0.10
ROE
22.7%▼
2023 · 26.4%
ROA
19.3%▼
2023 · 23.9%
Interest coverage
47.64▲
2023 · 32.13
Debt ≤ 1 year
€33,374▲
2023 · €14,705
Income taxes
€21,073▲
2023 · €18,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 50 lines
Balance sheet Code20232025
Assets
Total assets20/58€158,825€222,170▲
Formation expenses20€0-
Fixed assets21/28€1,806€1,272▼
Tangible fixed assets22/27€1,806€1,272▼
Furniture and vehicles24€1,806€1,272▼
Current assets29/58€157,019€220,898▲
Amounts receivable after more than one year29€156,330€211,483▲
Other amounts receivable291€156,330€211,483▲
Amounts receivable within one year40/41€0€1,371▲
Other amounts receivable41€0€1,371▲
Cash at bank and in hand54/58€503€6,505▲
Deferred charges and accrued income490/1€186€1,539▲
Equity and liabilities
Total equity and liabilities10/49€158,825€222,170▲
Equity10/15€144,120€188,796▲
Contributions10/11€0-
Reserves13€142,000€185,700▲
Distributable reserves133€142,000€185,700▲
Profit (loss) carried forward14€2,120€3,096▲
Amounts payable17/49€14,705€33,374▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€14,705€33,374▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€205-
Credit institutions430/8€205-
Trade debts44€1,415€736▼
Suppliers440/4€1,415€736▼
Taxes, remuneration and social security45€13,085€14,087▲
Taxes450/3€13,085€14,087▲
Other amounts payable47/48€0€18,550▲
Income statement Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€221€782▲
Other operating charges640/8€236-
Gross operating margin9900€50,380€55,399▲
Operating profit (loss)9901€49,924€54,617▲
Financial income75/76B€8,498€10,415▲
Recurring financial income75€8,498€10,415▲
Financial charges65/66B€1,561€1,163▼
Recurring financial charges65€1,561€1,163▼
Profit (loss) for the period before taxes9903€56,861€63,869▲
Income taxes67/77€18,833€21,073▲
Profit (loss) for the period9904€38,028€42,796▲
Profit (loss) for the period to be appropriated9905€38,028€42,796▲
Appropriation of the result
Profit (loss) to be appropriated9906€120,265€45,096▼
Profit (loss) brought forward from the previous period14P€82,237€2,300▼
Transfer from equity791/2-€26,500
Transfer to equity691/2€118,145€42,000▼
To contributions691€0-
To other reserves6921€118,145€42,000▼
Profit to be distributed694/7€0€26,500▲
Return on contributions (dividend)694€0€26,500▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232025Change
Turnover70--€0---
Goods, raw materials, services and sundry goods60/61--€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,371€2,899€5,379€221€782-
Other operating charges640/8-€1,535€691€236--
Gross operating margin9900€41,337€62,652€47,351€50,380€55,399-
Operating profit (loss)9901€31,095€58,218€41,280€49,924€54,617-
Financial income75/76B-€7,680€11,419€8,498€10,415-
Recurring financial income75€9,736€7,680€11,419€8,498€10,415-
Financial charges65/66B-€1,064€1,342€1,561€1,163-
Recurring financial charges65€1,038€1,064€1,342€1,561€1,163-
Non-recurring financial charges66B-€0----
Profit (loss) for the period before taxes9903€39,793€64,834€51,358€56,861€63,869-
Income taxes67/77€11,001€16,149€16,982€18,833€21,073-
Profit (loss) for the period9904€28,791€48,686€34,376€38,028€42,796-
Profit (loss) for the period to be appropriated9905€28,791€48,686€34,376€38,028€42,796-
Line20202021202220232025Change
Assets
Total assets20/58€116,727€166,144€176,086€158,825€222,170-
Formation expenses20€0--€0--
Fixed assets21/28€8,033€23,799€18,420€1,806€1,272-
Intangible fixed assets21€0-----
Tangible fixed assets22/27€8,033€23,799€18,420€1,806€1,272-
Furniture and vehicles24-€23,799€18,420€1,806€1,272-
Current assets29/58€108,694€142,345€157,667€157,019€220,898-
Amounts receivable after more than one year29-€137,001€156,584€156,330€211,483-
Other amounts receivable291-€137,001€156,584€156,330€211,483-
Amounts receivable within one year40/41€0€0€0€0€1,371-
Trade receivables40-€0----
Other amounts receivable41-€0€0€0€1,371-
Cash at bank and in hand54/58€1,362€5,344€478€503€6,505-
Deferred charges and accrued income490/1--€605€186€1,539-
Equity and liabilities
Total equity and liabilities10/49€116,727€166,144€176,086€158,825€222,170-
Equity10/15€77,580€108,266€124,642€144,120€188,796-
Contributions10/11€18,550€18,550€18,550€0--
Capital10-€18,550€18,550---
Issued capital100-€18,550€18,550---
Reserves13€1,855€1,855€23,855€142,000€185,700-
Non-distributable reserves130/1-€1,855€1,855---
Legal reserve130-€1,855€1,855---
Distributable reserves133--€22,000€142,000€185,700-
Profit (loss) carried forward14€57,175€87,861€82,237€2,120€3,096-
Amounts payable17/49€39,146€57,878€51,445€14,705€33,374-
Amounts payable after more than one year17€10,888€24,822€19,634€0--
Financial debts170/4-€24,822€19,634€0--
Amounts payable within one year42/48€28,258€33,055€31,810€14,705€33,374-
Current portion of amounts payable after more than one year42-€0€0€0--
Financial debts43-€2,386€2,356€205--
Credit institutions430/8-€2,386€2,356€205--
Trade debts44€567€1,019€723€1,415€736-
Suppliers440/4-€1,019€723€1,415€736-
Taxes, remuneration and social security45-€6,250€10,732€13,085€14,087-
Taxes450/3-€6,250€10,732€13,085€14,087-
Other amounts payable47/48-€23,400€18,000€0€18,550-
Line20202021202220232025Change
Profit (loss) for the period9904€28,791€48,686€34,376€38,028€42,796-
+ Depreciation and write-downs630€9,371€2,899€5,379€221€782-
Operating cash flow (approximation)€38,162€51,585€39,755€38,249€43,577-
Investment in fixed assets (approximation)--€18,666€0€16,393--
Change in cash-€3,982-€4,865€25--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial Equity above €150,000Eq €188,796 ▲31%
7 profitable years in a row build equity to €188,796.
2024
26-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial Liquidity doublescurrent ratio 10.68
Current ratio from 4.96 to 10.68; short-term debt falls from €31,810 to €14,705.
31-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
17-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial Highest result since 2018net €48,686 ▲69.1%
Operating result €58,218, net result €48,686, both a record.
31-12
Financial Equity above €100,000Eq €108,266 ▲39.6%
4 profitable years in a row build equity to €108,266.
09-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet €28,791 ▼13%
Net result drops to €28,791, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
05-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Stavelot
exact location from the address register On OpenStreetMap
Ground area
95 m²
Building footprint
125 m²
Volume, LiDAR
1,009 m³
Parcel 63027A1737/00H000, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63027A1737/00H000 Wallonia 95 m² 1 · 125 m² 11.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded13-05-1996
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.