Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 34.6 to 25.2.
Financials
Financial year 2025
CNUDDE from Waregem, company number BE0424841192, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year CNUDDE recorded revenue of € 8.6 million and equity of € 17.1 million. Compared with financial year 2024, the result moved from € 4.7 million to € -1.6 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 17.1 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ still € 4.7 million profit in 2024
Profit after tax over the fiscal year.
€ 563,638
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 17.1 million.
People and assets in 2025
25.2
▼ 7.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 12% vs 2024
€ 66,500 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.
€ 674,270
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 679,186
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 30 days on average.
€ 221,784
▼ 50% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 35,055,912 | € 31,306,262 | € 14,988,012 | € 8,611,194 | ▼ 43% |
| Profit after taxes | € 4,246,922 | € 5,554,287 | € 4,719,030 | € -1,550,861 | ▼ € 6.3 million |
| Equity | € 17,162,627 | € 19,516,914 | € 18,698,888 | € 17,148,027 | ▼ 8% |
| Total debts | € 4,047,315 | € 6,029,710 | € 3,828,260 | € 919,844 | ▼ 76% |
| Cash | € 11,632,001 | € 6,556,302 | € 3,420,542 | € 563,638 | ▼ 84% |
| Land & buildings | € 3,431,139 | € 4,129,827 | € 5,313,163 | € 5,430,127 | ▲ 2% |
| Retained profit | € 17,095,417 | € 19,449,704 | € 18,640,762 | € 17,089,901 | ▼ 8% |
| Dividend | € 2,500,000 | € 3,200,000 | € 2,700,000 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 0 | € 47,235 | € 0 | ▼ 100% |
| Balance sheet total | € 21,209,942 | € 25,546,624 | € 22,527,148 | € 18,067,872 | ▼ 20% |
| Employees (FTE) | 35.3 | 34.6 | 32.8 | 25.2 | ▼ 7.6 |
Key figures of CNUDDE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CNUDDE?
What happened at CNUDDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- RIELAN CONSULT BV stepped down as director. NBB
- JAPEC NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.6 million (▼ € 6.3 million vs 2024). Source: NBB ↗
- RIELAN CONSULT BV became a director. NBB
- JAPEC NV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.2 million profit in 2022 to € 1.6 million loss in 2025.
Paid € 2.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 5.6 million profit.
Paid out € 8.4 million in dividends to the owners in total.
Management
The stake of JAPEC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CNUDDEThe shares are held by JAPEC (99.8%).
Directors
According to the 2025 annual accounts
Managing director · represented by CNUDDE Peter
Also active at: CNUDDE INVEST, Vorwerk BENELUX
since 2023 · until 2029
Director · represented by DE PRETRE Nicole
Also active at: CONVENIENCE INNOVATIONS, Vorwerk BENELUX
since 2023 · until 2029
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pontstraat 4
8791 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0424.841.192
- VAT number
- BE 0424.841.192
- Registered office
- Pontstraat 4, 8791 Waregem
- Names & denominations
- CNUDDE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 1983
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen, dranken en genotmiddelen
Overige niet-gespecialiseerde groothandel in voedings- en genotmiddelen
Groothandel in suiker, chocolade en suikerwerk
Detailhandel in elektrische huishoudapparaten