Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 30.3 to 24.1.
Financials
Financial year 2025
UPIGNAC from Eghezée, company number BE0427769010, closed financial year 2025 with a result of € -5,796 after tax. For that financial year UPIGNAC recorded revenue of € 16.1 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 327,035 to € -5,796. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 2.5 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,796
▼ still € 327,035 profit in 2024
Profit after tax over the fiscal year.
€ 142,957
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 115,885.
People and assets in 2025
24.1
▼ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 28% vs 2024
€ 79,000 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.
€ 122,745
▲ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.5 million
▼ 4% vs 2024
€ 430,736 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.2 million
▲ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 177,096
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,690,941 | € 14,558,755 | € 14,721,585 | € 16,143,244 | ▲ 10% |
| Profit after taxes | € -1,597,662 | € 414,016 | € 327,035 | € -5,796 | ▼ € 332,831 |
| Equity | € 1,747,261 | € 2,138,800 | € 2,486,014 | € 2,520,942 | ▲ 1% |
| Total debts | € 8,974,897 | € 6,793,720 | € 7,353,190 | € 7,937,647 | ▲ 8% |
| Cash | € 746,811 | € 172,019 | € 311,830 | € 142,957 | ▼ 54% |
| Land & buildings | € 2,846,532 | € 2,734,947 | € 2,515,230 | € 2,328,780 | ▼ 7% |
| Retained profit | € -619,370 | € -205,354 | € 121,681 | € 115,885 | ▼ 5% |
| Bank debt | € 6,234,835 | € 5,130,861 | € 5,771,483 | € 5,528,991 | ▼ 4% |
| Balance sheet total | € 10,773,406 | € 8,979,893 | € 9,882,702 | € 10,496,274 | ▲ 6% |
| Employees (FTE) | 41.6 | 30.3 | 27.5 | 24.1 | ▼ 3.4 |
Key figures of UPIGNAC, 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 April 2027.
What happened to UPIGNAC?
What happened at UPIGNAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thibaut Petit stepped down as director. NBB
- Tanguy Petit stepped down as director. NBB
- Maximilien Petit stepped down as director. NBB
- Gourmet Food Collection SA stepped down as director. NBB
- Anne Petit stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5,796 (▼ € 332,831 vs 2024). filed late Source: NBB ↗
- Tanguy Petit became a director. NBB
- Thibaut Petit became a director. NBB
In short
From € 1.6 million loss in 2022 to € 5,796 loss in 2025.
Paid € 10,270 in corporate taxes since 2022.
Best year ever: 2023, with € 414,016 profit.
Pays suppliers within 57 days on average.
Management
The stake of Upignac Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
UPIGNACThe shares are held by Upignac Group (100%).
Directors
According to the 2025 annual accounts
Thibaut Petit
Managing director
since 2023 · until 2029
Tanguy Petit
Director
since 2024 · until 2029
Maximilien Petit
Director
Also active at: EXPLOITATION DE VERGERS HESBIGNONS, TCO Service, ARDENNE VOLAILLE, LA CUISINE DES CHAMPS, PHALSU, COQARDENNE, GOURMET FOOD COLLECTION, Upignac Group +1 more
since 2023 · until 2029
Chairman of the board · represented by Michel Petit
since 2023 · until 2029
Anne Petit
Director
Also active at: FERME D'ASSONLEVILLE, LA TABLE D'UPIGNAC, GOURMET FOOD COLLECTION
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Frise,Upigny SN
5310 Eghezée
Rue de Frise,Upigny .
5310 Eghezée
Active since 1 January 1994
Wolfshaegen 2
3040 Huldenberg
Active since 25 March 2010
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
- 0427.769.010
- VAT number
- BE 0427.769.010
- Registered office
- Rue de Frise,Upigny SN, 5310 Eghezée
- Names & denominations
- UPIGNAC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1985
- Peppol
- Active · Active since 14 Jul 2025
- Activities · NACE
Vervaardiging van producten van vlees of van vlees van gevogelte
Vervaardiging van verse vleeswaren en van vleesconserven
Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen, dranken en genotmiddelen
Detailhandel in groenten en fruit
Detailhandel in vlees van wild en van gevogelte
Detailhandel in dranken, algemeen assortiment
Groothandel in vis en schaal- en weekdieren
Detailhandel in vlees en vleeswaren
+1