Financials
Financial year 2025
EPPA from Elsene, company number BE0432128466, closed financial year 2025 with a result of € 371,975 after tax. For that financial year EPPA recorded a gross margin of € 1.7 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 513,010 to € 371,975. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 1.5 million
▲ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 371,975
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 507,331
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.3 million.
People and assets in 2025
13
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 930,595
▲ 8% vs 2024
€ 71,600 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.
€ 277,414
▲ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 97,271
▲ 39% vs 2024
€ 18,271 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.3 million
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 82,319
▼ 17% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,180,856 | € 1,810,616 | € 1,832,000 | € 1,711,888 | ▼ 7% |
| Profit after taxes | € 142,271 | € 515,314 | € 513,010 | € 371,975 | ▼ 27% |
| Equity | € 831,452 | € 1,346,765 | € 1,089,775 | € 1,461,750 | ▲ 34% |
| Total debts | € 3,068,389 | € 1,644,868 | € 2,425,365 | € 1,661,226 | ▼ 32% |
| Cash | € 569,652 | € 658,604 | € 1,114,333 | € 507,331 | ▼ 54% |
| Retained profit | € 681,452 | € 1,196,765 | € 939,775 | € 1,311,750 | ▲ 40% |
| Dividend | € 0 | € 0 | € 770,000 | € 0 | ▼ 100% |
| Bank debt | € 218,192 | € 133,578 | € 70,000 | € 97,271 | ▲ 39% |
| Balance sheet total | € 3,899,840 | € 2,991,633 | € 3,515,140 | € 3,122,976 | ▼ 11% |
| Employees (FTE) | 9.6 | 11.6 | 12.7 | 13 | ▲ 0.3 |
Key figures of EPPA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EPPA?
What happened at EPPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Meglena Mihova stepped down as director. NBB
- George Tice stepped down as director. NBB
- Vicky Marissen stepped down as director. NBB
- Ivelina Vasileva stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 371,975 (▼ 27% vs 2024). Source: NBB ↗
- Meglena Mihova became a director. NBB
- George Tice became a director. NBB
- Vicky Marissen became a director. NBB
In short
From € 142,271 profit in 2022 to € 371,975 profit in 2025.
Paid € 563,128 in corporate taxes since 2022.
Best year ever: 2023, with € 515,314 profit.
On average € 131,700 of value added per employee in 2025.
Management
The stake of EPPA Partners Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EPPAThe shares are held by EPPA Partners Holding (100%).
Directors
According to the 2025 annual accounts
Meglena Mihova
Chairman of the board
since 2025 · until 2028
George Tice
Director
since 2025 · until 2028
since 2025 · until 2028
Ivelina Vasileva
Director
since 2025 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luxemburgplein 2
1050 Elsene
Luxemburgplein 2 3
1050 Elsene
Active since 27 November 1987
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0432.128.466
- VAT number
- BE 0432.128.466
- Registered office
- Luxemburgplein 2, 1050 Elsene
- Names & denominations
- EPPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 1987
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- 027358230
- Activities · NACE
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