EPUR
ActiveSummary
EPUR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €381,064. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 119 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+70
Solvency99▲+18
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 4.5 against 2.3 in 2024; short-term debt: 20.3% of total assets), and 26.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 37
Relative position
BE, all sectors
reference
Sewerage (NACE 37)
about 47% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
73.7%
Return on assets
13.2%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
13 d early
2023
12 d early
2022
60 d late
2021
26 d early
2020
143 d late
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed 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 18 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Kingspan Group plc · 15 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€5.0m
EBIT margin
8.8%
Net result
€381,064
2024 · -€489,364
Working capital
€2.1m▲ 34.3%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 37, Sewerage, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€436,831▼ 3.5%-€7,559€422,258-€390,806€436,518
Net result€296,177within the sector's middle half▼ 10.9%-€112,690below the sector's middle half€343,616within the sector's middle half-€489,364below the sector's middle half€381,064
EBIT margin
Equity€2.0mwithin the sector's middle half▲ 17.3%€1.9mwithin the sector's middle half▼ 5.6%€2.2mwithin the sector's middle half▲ 18.1%€1.8mwithin the sector's middle half▼ 21.8%€2.1m▲ 21.7%
Total assets€3.0mwithin the sector's middle half▲ 7.9%€2.9mwithin the sector's middle half▼ 2.9%€3.7mwithin the sector's middle half▲ 24.9%€3.2mwithin the sector's middle half▼ 13.8%€2.9m▼ 8.2%
Debt€957,576▼ 7.3%€982,882▲ 2.6%€1.2m▲ 24.0%€1.2m▼ 1.2%€603,992▼ 49.8%
Working capital€1.5mwithin the sector's middle half▲ 31.1%€1.4mwithin the sector's middle half▼ 6.3%€1.9mwithin the sector's middle half▲ 33.5%€1.5mabove the sector's middle half▼ 20.7%€2.1m▲ 34.3%
Solvency66.7%above the sector's middle half▲ 5.3pp64.9%above the sector's middle half▼ 1.9pp61.3%within the sector's middle half▼ 3.5pp55.6%within the sector's middle half▼ 5.7pp73.7%▲ 18.1pp
Current ratio2.61within the sector's middle half▲ 0.472.51above the sector's middle half▼ 0.102.60above the sector's middle half▲ 0.092.30above the sector's middle half▼ 0.304.50▲ 2.20
Return on assets (ROA)9.8%above the sector's middle half▼ 2.1pp-3.9%below the sector's middle half▼ 13.7pp9.4%within the sector's middle half▲ 13.2pp-15.5%below the sector's middle half▼ 24.9pp13.2%▲ 28.7pp
Staff (FTE)20.8▲ 15.6%20.8=22.8▲ 9.6%20.5within the sector's middle half▼ 10.1%18.1▼ 11.7%
above
within
below
the middle half (P25 to P75) of NACE 37, Sewerage, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €436,518 after a loss of €390,806 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€244,854 ▼ 44.4%
Current assets
€2.6m ▼ 2.3%
Equity and liabilities €2.9m
Equity
€2.1m ▲ 21.7%
Provisions
€155,910 ▼ 20.1%
Debt
€603,992 ▼ 49.8%
Debt's share of the balance-sheet total falls from 38.2% to 20.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€516,149▲
2024 · -€240,122
Cash flow
€460,695▲
2024 · -€338,679
Quick ratio
2.89▲
2024 · 1.08
Debt to equity
0.28▼
2024 · 0.69
ROE
17.9%▲
2024 · -27.9%
Interest coverage
-56.40▼
2024 · -3.93
Debt ≤ 1 year
€588,675▼
2024 · €1.2m
Income taxes
€64,606▲
2024 · €37,531
Staff costs
€1.1m▲
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 20,129 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €212,461 | €11,973 | €0 | - | €125,983 | - |
| Remuneration, social security and pensions62 | €1.1m | €1.1m | €1.2m | €1.0m | €1.1m | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €195,419 | €157,672 | €185,223 | €150,685 | €79,631 | ▼ 47.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €95,000 | -€9,110 | -€10,236 | €21,398 | -€8,355 | ▼ 139% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | €150,000 | €0 | -€39,228 | - |
| Other operating charges640/8 | €12,682 | €15,925 | €22,943 | €23,176 | €32,211 | ▲ 39.0% |
| Non-recurring operating charges66A | - | €3,400 | €0 | €57,417 | €2,197 | ▼ 96.2% |
| Gross operating margin9900 | €1.8m | €1.3m | €1.9m | €908,168 | €1.6m | ▲ 75.7% |
| Operating profit (loss)9901 | €436,831 | -€7,559 | €422,258 | -€390,806 | €436,518 | ▲ 212% |
| Financial income75/76B | €14 | €0 | - | - | - | - |
| Recurring financial income75 | €14 | €0 | - | - | - | - |
| Financial charges65/66B | €1,487 | €2,056 | €3,063 | €61,027 | -€9,152 | ▼ 115% |
| Recurring financial charges65 | €1,487 | €2,056 | €3,063 | €61,027 | -€9,152 | ▼ 115% |
| Profit (loss) for the period before taxes9903 | €435,358 | -€9,615 | €419,194 | -€451,833 | €445,669 | ▲ 199% |
| Income taxes67/77 | €139,181 | €103,075 | €75,578 | €37,531 | €64,606 | ▲ 72.1% |
| Profit (loss) for the period9904 | €296,177 | -€112,690 | €343,616 | -€489,364 | €381,064 | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €296,177 | -€112,690 | €343,616 | -€489,364 | €381,064 | ▲ 178% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.9m | €3.7m | €3.2m | €2.9m | ▼ 8.2% |
| Fixed assets21/28 | €510,689 | €520,370 | €513,713 | €440,460 | €244,854 | ▼ 44.4% |
| Intangible fixed assets21 | €69,690 | €108,221 | €82,022 | €56,091 | €30,160 | ▼ 46.2% |
| Tangible fixed assets22/27 | €427,102 | €391,898 | €411,441 | €364,118 | €214,695 | ▼ 41.0% |
| Land and buildings22 | €142,591 | €124,641 | €164,852 | €142,051 | €121,001 | ▼ 14.8% |
| Plant, machinery and equipment23 | €193,786 | €209,382 | €215,602 | €141,178 | €92,414 | ▼ 34.5% |
| Furniture and vehicles24 | €90,725 | €57,874 | €30,986 | €3,459 | €1,280 | ▼ 63.0% |
| Assets under construction and advance payments27 | - | - | - | €77,431 | €0 | ▼ 100% |
| Financial fixed assets28 | €13,898 | €20,251 | €20,251 | €20,251 | €0 | ▼ 100% |
| Current assets29/58 | €2.5m | €2.4m | €3.1m | €2.7m | €2.6m | ▼ 2.3% |
| Stocks and contracts in progress3 | €852,342 | €867,750 | €981,984 | €1.4m | €949,844 | ▼ 34.1% |
| Stocks30/36 | €852,342 | €867,750 | €981,984 | €1.4m | €949,844 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €1.6m | €1.5m | €2.1m | €1.3m | €1.7m | ▲ 34.0% |
| Trade receivables40 | €927,606 | €685,463 | €642,437 | €359,938 | €415,572 | ▲ 15.5% |
| Other amounts receivable41 | €716,728 | €825,311 | €1.5m | €902,177 | €1.3m | ▲ 41.4% |
| Cash at bank and in hand54/58 | €125 | €1,677 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | €6,445 | €25,981 | €45,807 | €8,444 | €8,148 | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.9m | €3.7m | €3.2m | €2.9m | ▼ 8.2% |
| Equity10/15 | €2.0m | €1.9m | €2.2m | €1.8m | €2.1m | ▲ 21.7% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €1.7m | €1.6m | €2.0m | €1.5m | €1.9m | ▲ 25.8% |
| Provisions and deferred taxes16 | €45,138 | €45,138 | €195,138 | €195,138 | €155,910 | ▼ 20.1% |
| Provisions for liabilities and charges160/5 | €45,138 | €45,138 | €195,138 | €195,138 | €155,910 | ▼ 20.1% |
| Environmental obligations163 | - | - | €45,138 | €45,138 | €5,910 | ▼ 86.9% |
| Other liabilities and charges164/5 | €45,138 | €45,138 | €150,000 | €150,000 | €150,000 | = |
| Amounts payable17/49 | €957,576 | €982,882 | €1.2m | €1.2m | €603,992 | ▼ 49.8% |
| Amounts payable within one year42/48 | €957,576 | €957,324 | €1.2m | €1.2m | €588,675 | ▼ 50.0% |
| Trade debts44 | €796,613 | €729,625 | €963,698 | €953,998 | €311,660 | ▼ 67.3% |
| Suppliers440/4 | €796,613 | €729,625 | €963,698 | €953,998 | €311,660 | ▼ 67.3% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €160,787 | €227,699 | €244,797 | €223,574 | €277,015 | ▲ 23.9% |
| Taxes450/3 | €35,608 | €44,493 | €44,981 | €47,557 | €93,119 | ▲ 95.8% |
| Remuneration and social security454/9 | €125,179 | €183,207 | €199,816 | €176,017 | €183,896 | ▲ 4.5% |
| Other amounts payable47/48 | €175 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €25,558 | €10,125 | €26,335 | €15,317 | ▼ 41.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €296,177 | -€112,690 | €343,616 | -€489,364 | €381,064 | ▲ 178% |
| + Depreciation and write-downs630 | €195,419 | €157,672 | €185,223 | €150,685 | €79,631 | ▼ 47.2% |
| Operating cash flow (approximation) | €491,596 | €44,982 | €528,840 | -€338,679 | €460,695 | ▲ 236% |
| Investment in fixed assets (approximation) | - | -€167,353 | -€178,567 | -€77,431 | €115,975 | ▲ 250% |
| Change in cash | - | €1,552 | -€1,677 | - | - | - |
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
07-08
State Gazette act
Appointment: Sébastien Atlan (daily management delegate)Power of attorney7 facts ▸
State Gazette act
Appointment: Sébastien Atlan (daily management delegate)
Power of attorney7 facts ▸
- Board meeting, 23-06-2026
- Director appointment, Sébastien Atlan (daily management delegate)
- Power of attorney, Sébastien Atlan
- Power of attorney, Thomas De Clerck
- Power of attorney, Louis-Maxim Desmadryl
- Power of attorney, Jente Depestel
- Power of attorney, Emile Desmet
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €381,064
Net result €381,064 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.1m ▲21.7%
Equity rises from €1.8m to €2.1m.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€489,364
Net result drops to -€489,364, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €343,616
Net result €343,616 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.2m ▲18.1%
Equity rises from €1.9m to €2.2m.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2mEq €2.0m ▲17.3%
4 profitable years in a row build equity to €2.0m.
Show earlier events
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 143 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not 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
1 office holder, last change in 2026
Day-to-day management 1
Sébastien Atlan
CurrentDaily management delegate · since 24-06-2026
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 →
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Grâce-Hollogne · 2 establishment units since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Bureautique 14460 Grâce-Hollogne2 establishment units
Rue de la Bureautique 1, 4460 Grâce-Hollogne
since 19972.076.414.167
Rue Vieille Fosse 60, 4400 Flémalle
since 20192.288.492.096
Mandate history
1 person since 2026, 1 in office
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Sébastien Atlan |
|
Structure & network
Part of the group
Kingspan Group plc
15 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Ever2479GB
- JORIS IDE
- EPUR
Highest known parent: Ever2479 (United Kingdom). The sources do not say who stands above it.
Owners 1
- JORIS IDEparentSourceaccounts JORIS IDE 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
VIDANGE RARY
BE 0645.702.967
Thuin · Eq €2,133,399
DE RUYTE MILIEU
BE 0813.226.323
Puurs-Sint-Amands · Eq €2,252,708
DRANCO
BE 0443.823.401
Gent · Eq €2,312,865
VANHOVE CLEANING
BE 0458.941.741
Torhout · Eq €2,323,343
AQUA JET VLERICK
BE 0435.808.429
Nazareth-De Pinte · Eq €1,915,824
Of 362 companies in sector 37000 we hold annual accounts for 205. 103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
28295Manufacture of machinery and equipment not elsewhere classified
37000Sewerage
42919Civil engineering
43221Plumbing work
71111Activities of building architects
Contact
Phone
04/2205230Grâce-Hollogne
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457385880
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.