EPIPHRON
ActiveSummary
EPIPHRON has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34.9m and a net result of €38,068. Equity is growing by ~2.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-14
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 5.69 against 7.5 in 2024; short-term debt: 3.1% and cash: 3.9% of total assets), and 6% 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
94%
Return on assets
0.1%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
9 d early
2022
27 d early
2021
6 d early
2020
11 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€78,752
EBIT margin
-439.2%
Net result
€38,068▼ 98.6%
2024 · €2.6m
Working capital
€5.3m▼ 14.6%
2024 · €6.2m
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
Turnover€78,752
Operating result-€228,967▼ 1.5%-€322,768▼ 41.0%-€335,457▼ 3.9%-€319,765▲ 4.7%-€345,901▼ 8.2%
Net result-€41,516▲ 93.7%€4.4m€3.6m▼ 16.7%€2.6m▼ 27.3%€38,068▼ 98.6%
EBIT margin-439.2%
Equity€30.6m▼ 0.1%€35.0m▲ 14.3%€35.2m▲ 0.4%€37.1m▲ 5.4%€34.9m▼ 5.8%
Total assets€37.7m▲ 17.3%€42.3m▲ 12.3%€38.4m▼ 9.1%€39.2m▲ 2.1%€37.1m▼ 5.4%
Debt€7.0m▲ 393%€7.3m▲ 3.6%€3.3m▼ 55.0%€2.2m▼ 33.9%€2.2m▲ 2.6%
Working capital€8.1m▼ 64.5%€9.2m▲ 13.6%€4.7m▼ 48.5%€6.2m▲ 31.9%€5.3m▼ 14.6%
Staff (FTE)0
Why a figure moved sharply
- 2025 Net result -99% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2021 Net result +94% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €345,901 in 2025 against €319,765 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37.1m
Fixed assets
€30.7m ▼ 4.3%
Current assets
€6.4m ▼ 10.2%
Equity and liabilities €37.1m
Equity
€34.9m ▼ 5.8%
Debt
€2.2m ▲ 2.6%
Debt's share of the balance-sheet total rises from 5.5% to 6.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€295,351▼
2024 · -€269,214
Cash flow
€88,618▼
2024 · €2.7m
Current ratio
5.69▼
2024 · 7.50
Debt to equity
0.06▲
2024 · 0.06
ROE
0.1%▼
2024 · 7.1%
ROA
0.1%▼
2024 · 6.8%
Interest coverage
-19.97▼
2024 · -17.72
Debt ≤ 1 year
€1.1m▲
2024 · €957,326
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€36▼
2024 · €9,165
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 income70/76A | - | - | - | - | €78,752 | - |
| Turnover70 | - | - | - | - | €78,752 | - |
| Operating charges60/66A | - | - | - | - | €424,653 | - |
| Services and other goods61 | - | - | - | - | €368,018 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,414 | €49,269 | €50,488 | €50,550 | €50,550 | = |
| Other operating charges640/8 | €3,449 | €3,808 | €5,872 | €6,927 | €6,085 | ▼ 12.2% |
| Gross operating margin9900 | -€210,104 | -€269,690 | -€279,097 | -€262,288 | - | - |
| Operating profit (loss)9901 | -€228,967 | -€322,768 | -€335,457 | -€319,765 | -€345,901 | ▼ 8.2% |
| Financial income75/76B | €409,125 | €5.4m | €4.2m | €3.4m | €1.0m | ▼ 69.9% |
| Recurring financial income75 | €409,125 | €5.4m | €4.2m | €3.4m | €1.0m | ▼ 69.9% |
| Income from financial fixed assets750 | - | - | - | - | €847,954 | - |
| Income from current assets751 | - | - | - | - | €171,591 | - |
| Other financial income752/9 | - | - | - | - | €12,388 | - |
| Financial charges65/66B | €219,084 | €215,421 | €200,315 | €456,265 | €647,928 | ▲ 42.0% |
| Recurring financial charges65 | €219,084 | €215,421 | €200,315 | €15,190 | €264,853 | ▲ 1,644% |
| Debt charges650 | - | - | - | - | €14,786 | - |
| Other financial charges652/9 | - | - | - | - | €250,067 | - |
| Non-recurring financial charges66B | - | - | - | €441,075 | €383,075 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | -€38,926 | €4.9m | €3.6m | €2.7m | €38,104 | ▼ 98.6% |
| Income taxes67/77 | €2,590 | €493,997 | €0 | €9,165 | €36 | ▼ 99.6% |
| Taxes670/3 | - | - | - | - | €36 | - |
| Profit (loss) for the period9904 | -€41,516 | €4.4m | €3.6m | €2.6m | €38,068 | ▼ 98.6% |
| Profit (loss) for the period to be appropriated9905 | -€41,516 | €4.4m | €3.6m | €2.6m | €38,068 | ▼ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37.7m | €42.3m | €38.4m | €39.2m | €37.1m | ▼ 5.4% |
| Fixed assets21/28 | €29.5m | €30.9m | €31.8m | €32.0m | €30.7m | ▼ 4.3% |
| Tangible fixed assets22/27 | €2.3m | €2.3m | €2.3m | €2.2m | €2.2m | ▼ 2.3% |
| Land and buildings22 | €1.9m | €1.8m | €1.8m | €1.7m | €1.7m | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €3,271 | €3,596 | €2,613 | €1,629 | ▼ 37.7% |
| Furniture and vehicles24 | - | - | €2,542 | €1,919 | €1,297 | ▼ 32.4% |
| Assets under construction and advance payments27 | €465,217 | €465,217 | €497,257 | €497,257 | €497,257 | = |
| Financial fixed assets28 | €27.2m | €28.6m | €29.5m | €29.8m | €28.5m | ▼ 4.4% |
| Affiliated companies280/1 | - | - | - | - | €18.8m | - |
| Participating interests280 | - | - | - | - | €18.5m | - |
| Amounts receivable281 | - | - | - | - | €270,000 | - |
| Companies linked by participating interests282/3 | - | - | - | - | €297,844 | - |
| Participating interests282 | - | - | - | - | €6,294 | - |
| Amounts receivable283 | - | - | - | - | €291,550 | - |
| Other financial fixed assets284/8 | - | - | - | - | €9.4m | - |
| Shares284 | - | - | - | - | €9.2m | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €195,000 | - |
| Current assets29/58 | €8.2m | €11.4m | €6.7m | €7.2m | €6.4m | ▼ 10.2% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €202,632 | €736,632 | €674,436 | €1.7m | €1.0m | ▼ 40.9% |
| Other amounts receivable41 | €202,632 | €736,632 | €674,436 | €1.7m | €1.0m | ▼ 40.9% |
| Current investments50/53 | €797,282 | €128,930 | €212,309 | €212,309 | €3.9m | ▲ 1,729% |
| Other investments51/53 | - | - | - | - | €3.9m | - |
| Cash at bank and in hand54/58 | €7.1m | €10.4m | €5.6m | €5.1m | €1.5m | ▼ 71.1% |
| Deferred charges and accrued income490/1 | €56,601 | €84,017 | €164,761 | €150,306 | €64,405 | ▼ 57.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37.7m | €42.3m | €38.4m | €39.2m | €37.1m | ▼ 5.4% |
| Equity10/15 | €30.6m | €35.0m | €35.2m | €37.1m | €34.9m | ▼ 5.8% |
| Contributions10/11 | €20.5m | €20.5m | €20.5m | €20.5m | €20.5m | = |
| Capital10 | €20.5m | €20.5m | €20.5m | €20.5m | €20.5m | = |
| Issued capital100 | €20.5m | €20.5m | €20.5m | €20.5m | €20.5m | = |
| Reserves13 | €10.1m | €14.5m | €14.7m | €16.5m | €14.4m | ▼ 13.1% |
| Non-distributable reserves130/1 | €603,776 | €822,450 | €1.0m | €1.1m | €1.1m | ▲ 0.2% |
| Legal reserve130 | €603,776 | €822,450 | €1.0m | €1.1m | €1.1m | ▲ 0.2% |
| Distributable reserves133 | €9.5m | €13.7m | €13.6m | €15.4m | €13.2m | ▼ 14.0% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | - | - |
| Amounts payable17/49 | €7.0m | €7.3m | €3.3m | €2.2m | €2.2m | ▲ 2.6% |
| Amounts payable after more than one year17 | €6.9m | €5.0m | €1.3m | €1.2m | €1.1m | ▼ 9.6% |
| Financial debts170/4 | €6.9m | €5.0m | €1.3m | €1.2m | €1.1m | ▼ 9.6% |
| Credit institutions173 | - | - | - | - | €1.1m | - |
| Amounts payable within one year42/48 | €116,946 | €2.2m | €1.9m | €957,326 | €1.1m | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | €114,190 | €1.9m | €114,190 | €114,190 | €114,190 | = |
| Financial debts43 | - | €1,291 | €0 | - | - | - |
| Credit institutions430/8 | - | €1,291 | €0 | - | - | - |
| Trade debts44 | €124 | €34,940 | €24,578 | €17,357 | €16,997 | ▼ 2.1% |
| Suppliers440/4 | €124 | €34,940 | €24,578 | €17,357 | €16,997 | ▼ 2.1% |
| Taxes, remuneration and social security45 | - | €293,689 | €293,689 | €0 | - | - |
| Taxes450/3 | - | €293,689 | €293,689 | €0 | - | - |
| Other amounts payable47/48 | €2,632 | €2,695 | €1.5m | €825,779 | €1.0m | ▲ 21.2% |
| Accrued charges and deferred income492/3 | €16,775 | €52,221 | €25,555 | €8,789 | €4,542 | ▼ 48.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,516 | €4.4m | €3.6m | €2.6m | €38,068 | ▼ 98.6% |
| + Depreciation and write-downs630 | €15,414 | €49,269 | €50,488 | €50,550 | €50,550 | = |
| Operating cash flow (approximation) | -€26,102 | €4.4m | €3.7m | €2.7m | €88,618 | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | -€1.5m | -€930,956 | -€312,628 | €1.3m | ▲ 522% |
| Change in cash | - | €3.3m | -€4.8m | -€534,684 | -€3.6m | ▼ 574% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 7.50
Current ratio from 3.44 to 7.50; short-term debt falls from €1.9m to €957,326.
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €4.4m
Net result €4.4m after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€661,071
Net result drops to -€661,071, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 295current ratio 4249.08
Current ratio from 14.38 to 4249.08; short-term debt falls from €590,211 to €6,178.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Huldenberg · 1 establishment unit since 2010
Ground area
2,395 m²
Building footprint
959 m²
Volume, LiDAR
7,222 m³
Parcel 24045B0546/00F000, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Epiphron
since 20102.195.433.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24045B0546/00F000 | Flanders | 2,395 m² | 1 · 959 m² | 13.2 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.
Structure & network
Owners and holdings
1 owner · 5 holdings · 5 subsidiaries in the treeChain of control
- Fremara
- EPIPHRON
Highest known parent: Fremara. The sources do not say who stands above it.
Owners 1
- FremaraparentSourceown accounts 2025100%
Holdings 5
-
98.95%
-
98%
-
20.89%
-
13.04%
-
10%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
According to the 2025 annual accounts of EPIPHRON 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.
Recognitions · licences · registrations
Legal Entity Identifier
96760048FKBRU1N9P812
Identification & contact
Identification
Legal formPublic limited company
Founded17-12-2010
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831988992
Also
9925:BE0831988992
Registered
21-11-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.