Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2022; threshold 65 %.
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Late annual account NBB
Fiscal year 2022 was filed 896 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
EUROPA ROAD from Oostende, company number BE0413641652, closed financial year 2022 with a result of € 151,599 after tax. For that financial year EUROPA ROAD recorded revenue of € 24.6 million and equity of € 3.5 million. Compared with financial year 2021, the result moved from € 560,545 to € 151,599. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 12, 2026.
€ 3.5 million
▲ 5% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 151,599
▼ 73% vs 2021
Profit after tax over the fiscal year.
€ 362,082
▲ € 282,566 vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € 2.3 million.
People and assets in 2022
24.7
▲ 1.8 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 35% vs 2021
€ 58,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3.8 million
▲ 250% vs 2021
Of which on lease € 3.8 million.
Debts at end 2022
€ 3.8 million
▲ 210% vs 2021
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3.9 million
▼ 29% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 295,289
▲ € 257,825 vs 2021
Taxes, VAT and social contributions still to pay.
| 2020 | 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|---|
| Revenue | € 17,498,741 | € 19,502,152 | € 24,559,404 | ▲ 26% |
| Profit after taxes | € 26,323 | € 560,545 | € 151,599 | ▼ 73% |
| Equity | € 2,758,407 | € 3,318,952 | € 3,470,551 | ▲ 5% |
| Total debts | € 8,106,802 | € 10,356,431 | € 17,337,240 | ▲ 67% |
| Cash | € 452,047 | € 79,516 | € 362,082 | ▲ € 282,566 |
| Land & buildings | € 28,922 | € 24,591 | € 19,305 | ▼ 21% |
| Retained profit | € 1,557,364 | € 2,117,909 | € 2,269,508 | ▲ 7% |
| Bank debt | € 1,733,586 | € 1,225,928 | € 3,804,900 | ▲ 210% |
| Balance sheet total | € 10,865,209 | € 13,675,384 | € 20,807,791 | ▲ 52% |
| Employees (FTE) | 22.6 | 22.9 | 24.7 | ▲ 1.8 |
Key figures of EUROPA ROAD, fiscal years 2020 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to EUROPA ROAD?
What happened at EUROPA ROAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daniel Cook stepped down as director. NBB
- Jack Baxter stepped down as director. NBB
- New annual accounts for financial year 2022: profit of € 151,599 (▼ 73% vs 2021). filed late Source: NBB ↗
- Andrew Baxter stepped down as director. NBB
- Daniel Cook became a director. NBB
- Jack Baxter became a director. NBB
- Andrew Baxter became a director. NBB
- New establishment in Oostende. KBO
In short
From € 26,323 profit in 2020 to € 151,599 profit in 2022.
Paid € 90,420 in corporate taxes since 2020.
Best year ever: 2021, with € 560,545 profit.
Pays suppliers within 63 days on average.
Management
It owns 100% of Frictionless Trade Services itself.
Directors
According to the 2022 annual accounts
Daniel Cook
Director
since 2018 · until 2030
Jack Baxter
Director
since 2018 · until 2030
Andrew Baxter
Director
since 2018 · until 2024
Establishments
Establishment units
Physical locations of this company
Ijslandstraat 8/010
8400 Oostende
Vergunningenstraat 15
8400 Oostende
Active since 4 September 1983
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
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Website info
Features
Security
Network
Details
- Company number
- 0413.641.652
- VAT number
- BE 0413.641.652
- Registered office
- Ijslandstraat 8/010, 8400 Oostende
- Names & denominations
- EUROPA ROAD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 1973
- Peppol
- Active · Active since 12 Feb 2026
- Contact
- europa-worldwide.be
- Activities · NACE
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