Financials
Financial year 2025
Kabelwerk Eupen AG from Eupen, company number BE0437768918, closed financial year 2025 with a result of € 3.5 million after tax. For that financial year Kabelwerk Eupen AG recorded revenue of € 392 million and equity of € 100.8 million. Compared with financial year 2024, the result moved from € 19.2 million to € 3.5 million. 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 April 28, 2026.
€ 100.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.5 million
▼ 82% vs 2024
Profit after tax over the fiscal year.
€ 6.7 million
▲ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
33 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
803.5
▼ 6.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 70.7 million
▲ 2% vs 2024
€ 88,100 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.
€ 883,973
▲ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 69 million
▲ 16% vs 2024
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 16.2 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 19 days on average.
€ 18.8 million
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 287,523,421 | € 379,439,631 | € 393,411,216 | € 391,977,220 | |
| Profit after taxes | € 3,894,977 | € 22,232,551 | € 19,194,463 | € 3,528,149 | ▼ 82% |
| Equity | € 58,183,817 | € 80,416,368 | € 98,455,220 | € 100,827,758 | ▲ 2% |
| Total debts | € 121,446,840 | € 86,007,915 | € 99,429,323 | € 109,979,648 | ▲ 11% |
| Cash | € 3,479,047 | € 1,889,599 | € 6,164,128 | € 6,654,148 | ▲ 8% |
| Land & buildings | € 15,219,965 | € 14,938,196 | € 15,073,934 | € 15,732,979 | ▲ 4% |
| Retained profit | € 8,183,817 | € 30,416,368 | € 48,455,220 | € 50,827,758 | ▲ 5% |
| Dividend | € 0 | € 0 | € 1,155,611 | € 1,155,611 | |
| Bank debt | € 66,420,861 | € 46,167,658 | € 59,461,465 | € 69,029,729 | ▲ 16% |
| Balance sheet total | € 217,484,481 | € 200,642,764 | € 222,731,228 | € 231,864,939 | ▲ 4% |
| Employees (FTE) | 792.8 | 808.7 | 810.3 | 803.5 | ▼ 6.8 |
Key figures of Kabelwerk Eupen AG, 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 Kabelwerk Eupen AG?
What happened at Kabelwerk Eupen AG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.5 million (▼ 82% vs 2024). Source: NBB ↗
- Alfred Bourseaux stepped down as director. NBB
- Mike Goblet became a director. NBB
- Godefridus Starmans stepped down as director. NBB
- New establishment in Eupen. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.9 million profit in 2022 to € 3.5 million profit in 2025.
Paid € 3.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 22.2 million profit.
Paid out € 2.3 million in dividends to the owners in total.
Management
The stake of EUPEN ANLAGEN, FINAB, EUPEN FINANZ AG, C.A.P.A. CONSULTING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Kabelwerk Eupen AGBehind Kabelwerk Eupen AG are Ernst Bourseaux, C.A.P.A. Consulting AG, Mike Goblet, Hermann Josef Bernrath, Bernhard Zeimers and Erich Thönnes. The shares are held by EUPEN ANLAGEN (18.6%), FINAB (17.9%), EUPEN FINANZ AG (10.9%) and C.A.P.A. CONSULTING. It owns 100% of Eupen Cable USA Inc., 100% of Kabelwerk RHENANIA GmbH and 100% of Eupen Câbles France SAS itself.
Directors
According to the 2025 annual accounts
Director · represented by Frédéric-Charles BOURSEAUX
Also active at: EUPEN FINANZ AG, Eupendis
Mike Goblet
Director
since 2025
· until 2025
· until 2026
Shareholders
Participations
Eupen Cable USA Inc.
100%
Kabelwerk RHENANIA GmbH
100%
Eupen Câbles France SAS
100%
Establishments
Establishment units
Physical locations of this company
Rue de Malmedy 9
4700 Eupen
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
- 0437.768.918
- VAT number
- BE 0437.768.918
- Registered office
- Rue de Malmedy 9, 4700 Eupen
- Names & denominations
- Kabelwerk Eupen AG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1989
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected]
- Activities · NACE
Vervaardiging van andere elektrische en elektronische draden en kabels
Vervaardiging van geïsoleerde kabels en draad
Groothandel in andere machines en werktuigen, neg
Groothandel in vervoermiddelen met uitzondering van auto's, motorrijwielen en rijwielen, in meetapparaten en -instrumenten, in navigatieapparatuur en andere diverse machines en uitrusting voor de nijv
Groothandel in andere machines en werktuigen, n.e.g.