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 33 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 9.1 to 6.6.
Financials
Financial year 2025
GUPAFA from Brugge, company number BE0435802192, closed financial year 2025 with a result of € -15,207 after tax. For that financial year GUPAFA recorded a gross margin of € 791,887 and equity of € 4 million. Compared with financial year 2024, the result moved from € 56,297 to € -15,207. 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 October 31, 2025.
€ 4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,207
▼ still € 56,297 profit in 2024
Profit after tax over the fiscal year.
€ 197,864
▲ € 165,286 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 974,628.
People and assets in 2025
6.6
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 250,953
▼ 22% vs 2024
€ 38,000 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.
€ 339,424
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.2 million
▼ 10% vs 2024
€ 534,642 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 231,659
▲ 198% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,043
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,032,361 | € 1,052,731 | € 977,892 | € 791,887 | ▼ 19% |
| Profit after taxes | € 28,888 | € 106,699 | € 56,297 | € -15,207 | ▼ € 71,505 |
| Equity | € 3,826,839 | € 3,933,538 | € 3,989,835 | € 3,974,628 | |
| Total debts | € 4,764,619 | € 4,686,320 | € 4,110,974 | € 4,045,036 | ▼ 2% |
| Cash | € 63,220 | € 73,662 | € 32,578 | € 197,864 | ▲ € 165,286 |
| Land & buildings | € 5,816,009 | € 5,652,765 | € 5,535,756 | € 5,427,132 | ▼ 2% |
| Retained profit | € 826,839 | € 933,538 | € 989,835 | € 974,628 | ▼ 2% |
| Bank debt | € 2,469,818 | € 3,405,350 | € 3,598,806 | € 3,225,653 | ▼ 10% |
| Balance sheet total | € 8,591,458 | € 8,619,858 | € 8,100,809 | € 8,034,664 | ▼ 1% |
| Employees (FTE) | 9.9 | 9.1 | 8.3 | 6.6 | ▼ 1.7 |
Key figures of GUPAFA, 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 October 2026.
What happened to GUPAFA?
What happened at GUPAFA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mercuralia BV stepped down as director. NBB
- Boisseilles BV stepped down as director. NBB
- Rover BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 15,207 (▼ € 71,505 vs 2024). Source: NBB ↗
- Mercuralia BV became a director. NBB
- Boisseilles BV became a director. NBB
- Rover BV became a director. NBB
- New establishment in Asse. KBO
In short
From € 28,888 profit in 2022 to € 15,207 loss in 2025.
Best year ever: 2023, with € 106,699 profit.
On average € 120,000 of value added per employee in 2025.
A new publication or filing at GUPAFA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BOISSEILLES, MERCURALIA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GUPAFAThe shares are held by BOISSEILLES (33.3%) and MERCURALIA (33.3%). It owns 100% of Vilvordit New itself.
Directors
According to the 2025 annual accounts
Director · represented by Royaux FABIENNE
Also active at: SPEEDEXSA, TYLES, TRAMARCO, VILVORDIT NEW
since 2023 · until 2029
Director · represented by Royaux GUY
Also active at: SPEEDEXSA, TYLES, TRAMARCO, VILVORDIT NEW
since 2023 · until 2029
Director · represented by Royaux PAUL
Also active at: SPEEDEXSA, TYLES, TRAMARCO, VILVORDIT NEW
since 2023 · until 2029
Shareholders
33.3%
33.3%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Pathoekeweg 148
8000 Brugge
Zuiderlaan 12
1731 Asse
Active since 13 October 2005
Zuiderlaan 14
1731 Asse
Active since 1 January 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.802.192
- VAT number
- BE 0435.802.192
- Registered office
- Pathoekeweg 148, 8000 Brugge
- Names & denominations
- GUPAFA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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