EPIFIN
ActiveSummary
EPIFIN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €304.3m and a net result of €55.5m. Equity is growing by ~4.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.36 in 2024; short-term debt: 20.8% and cash: 4.1% of total assets), and 20.8% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.2%
Return on assets
14.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
51 d early
2023
68 d early
2022
66 d early
2021
62 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 55 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% 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. Usually files around 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€55.5m▲ 11.1%
2024 · €50.0m
Working capital
-€64.3m▼ 185%
2024 · -€22.6m
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
Line20212022202320242025
Operating result-€35,509▼ 9.1%-€41,796▼ 17.7%-€107,937▼ 158%-€76,260▲ 29.3%-€43,295▲ 43.2%
Net result€47.0m▲ 793%€88.8m▲ 88.7%€86.4m▼ 2.7%€50.0m▼ 42.2%€55.5m▲ 11.1%
Equity€218.8m▼ 7.6%€247.5m▲ 13.1%€313.8m▲ 26.8%€328.8m▲ 4.8%€304.3m▼ 7.5%
Total assets€283.9m▲ 2.5%€319.6m▲ 12.6%€336.4m▲ 5.3%€363.8m▲ 8.1%€384.3m▲ 5.6%
Debt€65.1m▲ 62.5%€72.1m▲ 10.7%€22.6m▼ 68.7%€35.0m▲ 55.0%€80.0m▲ 128%
Working capital-€56.8m▼ 97.8%-€68.3m▼ 20.3%-€22.2m▲ 67.6%-€22.6m▼ 1.9%-€64.3m▼ 185%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,295 in 2025 against €76,260 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €384.3m
Fixed assets
€368.6m ▲ 4.9%
Current assets
€15.7m ▲ 26.3%
Equity and liabilities €384.3m
Equity
€304.3m ▼ 7.5%
Debt
€80.0m ▲ 128%
Debt's share of the balance-sheet total rises from 9.6% to 20.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.20▼
2024 · 0.36
Debt to equity
0.26▲
2024 · 0.11
ROE
18.2%▲
2024 · 15.2%
ROA
14.4%▲
2024 · 13.7%
Debt ≤ 1 year
€80.0m▲
2024 · €35.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €35,509 | €41,796 | €107,937 | €76,260 | €43,295 | ▼ 43.2% |
| Services and other goods61 | €33,700 | €39,951 | €105,483 | €74,708 | €40,593 | ▼ 45.7% |
| Other operating charges640/8 | €1,810 | €1,846 | €2,455 | €1,552 | €2,702 | ▲ 74.1% |
| Operating profit (loss)9901 | -€35,509 | -€41,796 | -€107,937 | -€76,260 | -€43,295 | ▲ 43.2% |
| Financial income75/76B | €47.1m | €88.8m | €86.7m | €50.1m | €55.5m | ▲ 10.9% |
| Recurring financial income75 | €39.6m | €78.9m | €79.8m | €40.0m | €39.9m | ▼ 0.3% |
| Income from financial fixed assets750 | €39.5m | €78.9m | €79.8m | €39.9m | €39.7m | ▼ 0.3% |
| Income from current assets751 | €133 | €12,881 | €529 | €131,314 | €122,325 | ▼ 6.8% |
| Other financial income752/9 | €37,438 | €0 | €0 | €0 | - | - |
| Non-recurring financial income76B | €7.5m | €9.9m | €6.9m | €10.1m | €15.7m | ▲ 55.2% |
| Financial charges65/66B | €12,262 | €12,595 | €168,514 | €48,366 | €262 | ▼ 99.5% |
| Recurring financial charges65 | €12,262 | €12,595 | €168,514 | €48,366 | €262 | ▼ 99.5% |
| Debt charges650 | - | €8,679 | €168,252 | €48,100 | €0 | ▼ 100% |
| Other financial charges652/9 | €12,262 | €3,915 | €262 | €266 | €262 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | €47.0m | €88.8m | €86.4m | €50.0m | €55.5m | ▲ 11.1% |
| Profit (loss) for the period9904 | €47.0m | €88.8m | €86.4m | €50.0m | €55.5m | ▲ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €47.0m | €88.8m | €86.4m | €50.0m | €55.5m | ▲ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283.9m | €319.6m | €336.4m | €363.8m | €384.3m | ▲ 5.6% |
| Fixed assets21/28 | €275.7m | €315.9m | €336.0m | €351.4m | €368.6m | ▲ 4.9% |
| Financial fixed assets28 | €275.7m | €315.9m | €336.0m | €351.4m | €368.6m | ▲ 4.9% |
| Affiliated companies280/1 | €275.7m | €315.9m | €336.0m | €351.4m | €368.6m | ▲ 4.9% |
| Participating interests280 | €275.7m | €315.9m | €336.0m | €351.4m | €368.6m | ▲ 4.9% |
| Current assets29/58 | €8.3m | €3.8m | €412,752 | €12.4m | €15.7m | ▲ 26.3% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €59,500 | €30,387 | €3,689 | €45,401 | €81,940 | ▲ 80.5% |
| Other amounts receivable41 | €59,500 | €30,387 | €3,689 | €45,401 | €81,940 | ▲ 80.5% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Other investments51/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €8.0m | €3.7m | €409,063 | €12.4m | €15.6m | ▲ 26.1% |
| Deferred charges and accrued income490/1 | €218,940 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283.9m | €319.6m | €336.4m | €363.8m | €384.3m | ▲ 5.6% |
| Equity10/15 | €218.8m | €247.5m | €313.8m | €328.8m | €304.3m | ▼ 7.5% |
| Contributions10/11 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Capital10 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Issued capital100 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Reserves13 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Non-distributable reserves130/1 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Legal reserve130 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | €215.5m | €244.2m | €310.5m | €325.5m | €301.0m | ▼ 7.5% |
| Amounts payable17/49 | €65.1m | €72.1m | €22.6m | €35.0m | €80.0m | ▲ 128% |
| Amounts payable within one year42/48 | €65.1m | €72.1m | €22.6m | €35.0m | €80.0m | ▲ 128% |
| Financial debts43 | - | €12.0m | €2.5m | €0 | - | - |
| Other loans439 | - | €12.0m | €2.5m | €0 | - | - |
| Trade debts44 | - | - | €1,026 | €0 | - | - |
| Suppliers440/4 | - | - | €1,026 | €0 | - | - |
| Taxes, remuneration and social security45 | €19.5m | €18.0m | €6.0m | €10.5m | €24.0m | ▲ 129% |
| Taxes450/3 | €19.5m | €18.0m | €6.0m | €10.5m | €24.0m | ▲ 129% |
| Other amounts payable47/48 | €45.6m | €42.1m | €14.1m | €24.5m | €56.0m | ▲ 128% |
| Accrued charges and deferred income492/3 | €3,326 | €8,679 | €25,934 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47.0m | €88.8m | €86.4m | €50.0m | €55.5m | ▲ 11.1% |
| Operating cash flow (approximation) | €47.0m | €88.8m | €86.4m | €50.0m | €55.5m | ▲ 11.1% |
| Investment in fixed assets (approximation) | - | -€40.2m | -€20.2m | -€15.4m | -€17.2m | ▼ 12.0% |
| Change in cash | - | -€4.3m | -€3.3m | €12.0m | €3.2m | ▼ 73.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Reappointment: PwC Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Kurt Cappoen3 facts ▸
State Gazette act
Reappointment: PwC Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Kurt Cappoen3 facts ▸
- General meeting, 02-06-2026
- Auditor reappointment, PwC Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Kurt Cappoen (permanent representative)
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €250mEq €313.8m ▲26.8%
6 profitable years in a row build equity to €313.8m.
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €88.8m ▲88.7%
Net result €88.8m, the highest in the series.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
Show earlier events
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
31-12
Financial
Weakest financial yearnet €5.3m ▼88.2%
Net result drops to €5.3m, the lowest in the series; recovery starts the following year.
2019
31-12
Financial
Liquidity times 14325current ratio 717.73
Current ratio from 0.05 to 717.73; short-term debt falls from €41.1m to €12,681.
31-12
Financial
Equity above €250mEq €271.7m ▲19.6%
2 profitable years in a row build equity to €271.7m.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 20 acts read
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 1 has been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
BV PwC Bedrijfsrevisoren
CurrentStatutory auditor · since 11-08-2026 · perm. rep.: Kurt Cappoen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2004
Ground area
1,898 m²
Building footprint
1,898 m²
Volume, LiDAR
15,087 m³
Parcel 11808H1130/00L008, Flanders · tallest building 16.8 m, ±3 floors. Linked by address, not a title deed.
46
companies at this address
See who is registered here
1 establishment unit
EPIFIN
since 20042.137.842.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1130/00L008 | Flanders | 1,898 m² | 1 · 1,898 m² | 16.8 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BV PwC Bedrijfsrevisoren |
|
Structure & network
Heads the group
EPIFIN
8 companies
Group, risk and exposure
Owners and holdings
1 holding · 8 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.07%
All subsidiaries, including indirect ones 8+
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
DPG Media Group 99.07%7 subsidiaries
DPG Media 100%5 subsidiaries
- BRANDY 100%
- Independer.be 100%
- TvBastards 100%
- DPG Media (geconsolideerd)NL 83.68%
The tree shows 8 companies up to 4 levels deep; there are more. Open a subsidiary's dossier to look further.
According to the 2025 annual accounts of EPIFIN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded20-02-2004
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.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
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