What does INTERWAFFLES do?

INTERWAFFLES is a bakery in Courcelles. Public Limited, started on 27 December 1989, 1 establishment.

What is the address of INTERWAFFLES?

The registered office of INTERWAFFLES is located at Rue de Liège(CO) 39, 6180 Courcelles.

Is INTERWAFFLES still active?

Yes. According to the CBE (29 October 2026) INTERWAFFLES is active, legal situation “Normale toestand”, started on 27 December 1989.

Is INTERWAFFLES registered on Peppol?

Yes, INTERWAFFLES is registered on the Peppol network with ID 0208:0439312406.

What is the enterprise number of INTERWAFFLES?

The enterprise number of INTERWAFFLES is BE0439312406.

When was INTERWAFFLES founded?

INTERWAFFLES was founded on 27 December 1989.

Who are the directors of INTERWAFFLES?

According to the 2025 annual accounts, the directors of INTERWAFFLES are: Ignace Heyman, Pieter Grymonpré, Saskia De Paepe.

Is INTERWAFFLES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 December 1989; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did INTERWAFFLES make in 2025?

INTERWAFFLES recorded a loss after taxes of € 490,635 in financial year 2025.

What is the revenue of INTERWAFFLES?

In its most recent annual accounts (2025), INTERWAFFLES reported revenue of € 60,740,140.

How much does an employee at INTERWAFFLES earn?

The average wage cost per full-time employee at INTERWAFFLES was € 66,300 in 2025: staff costs of € 16.9 million for 255.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does INTERWAFFLES have?

According to the 2025 annual accounts, INTERWAFFLES has 255.1 full-time equivalents (FTE).

INTERWAFFLES (Public Limited) - Courcelles - BE0439312406

Dossier INTERWAFFLES, printed on 29 October 2026 from databakkes.be/en/0439312406/interwaffles. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

INTERWAFFLES from Courcelles, company number BE0439312406, closed financial year 2025 with a result of € -490,635 after tax. For that financial year INTERWAFFLES recorded revenue of € 60.7 million and equity of € 6.8 million. Compared with financial year 2024, the result moved from € -1.6 million to € -490,635. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.

What it is worth Healthy

€ 6.8 million

▼ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -490,635

▲ 70 % less loss than in 2024

Profit after tax over the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 6.6 million.

People and assets in 2025

Full-time equivalents

255.1

▲ 8.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 17.2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 16.9 million

▲ 7% vs 2024

€ 66,300 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.

Vehicles and equipment

€ 4,269

▼ 66% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 21 million

▼ 11% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 5.3 million

▲ 61% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.

Taxes and wages

€ 3.5 million

▲ 17% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 38,473,266 Revenue 2022: € 38,473,266 First fiscal year in the series	€ 52,043,532 Revenue 2023: € 52,043,532 ▲ 35% vs 2022 (€ 38,473,266) Favourable step	€ 57,118,595 Revenue 2024: € 57,118,595 ▲ 10% vs 2023 (€ 52,043,532) Favourable step	€ 60,740,140 Revenue 2025: € 60,740,140 ▲ 6% vs 2024 (€ 57,118,595) Favourable step	▲ 6%
Profit after taxes	€ 554,620 Profit after taxes 2022: € 554,620 First fiscal year in the series	€ -54,030 Profit after taxes 2023: € -54,030 ▼ € 608,650 vs 2022 (€ 554,620) Unfavourable step	€ -1,630,273 Profit after taxes 2024: € -1,630,273 ▼ € 1.6 million vs 2023 (€ -54,030) Unfavourable step	€ -490,635 Profit after taxes 2025: € -490,635 ▲ € 1.1 million vs 2024 (€ -1,630,273) Favourable step	▲ € 1.1 million
Equity	€ 14,023,237 Equity 2022: € 14,023,237 First fiscal year in the series	€ 8,968,796 Equity 2023: € 8,968,796 ▼ 36% vs 2022 (€ 14,023,237) Unfavourable step	€ 7,338,112 Equity 2024: € 7,338,112 ▼ 18% vs 2023 (€ 8,968,796) Unfavourable step	€ 6,847,286 Equity 2025: € 6,847,286 ▼ 7% vs 2024 (€ 7,338,112) Unfavourable step	▼ 7%
Total debts	€ 25,963,178 Total debts 2022: € 25,963,178 First fiscal year in the series	€ 30,490,644 Total debts 2023: € 30,490,644 ▲ 17% vs 2022 (€ 25,963,178) Unfavourable step	€ 29,997,324 Total debts 2024: € 29,997,324 ▼ 2% vs 2023 (€ 30,490,644) Favourable step	€ 29,844,494 Total debts 2025: € 29,844,494 ▼ 1% vs 2024 (€ 29,997,324) Favourable step	▼ 1%
Cash	€ 972 Cash 2022: € 972 First fiscal year in the series	€ 972 Cash 2023: € 972 Unchanged (€ 972) Unchanged	€ 972 Cash 2024: € 972 Unchanged (€ 972) Unchanged	-
Land & buildings	€ 4,877,343 Land & buildings 2022: € 4,877,343 First fiscal year in the series	€ 11,870,656 Land & buildings 2023: € 11,870,656 ▲ 143% vs 2022 (€ 4,877,343) Unchanged	€ 11,371,369 Land & buildings 2024: € 11,371,369 ▼ 4% vs 2023 (€ 11,870,656) Unchanged	€ 10,743,108 Land & buildings 2025: € 10,743,108 ▼ 6% vs 2024 (€ 11,371,369) Unchanged	▼ 6%
Retained profit	€ 13,772,224 Retained profit 2022: € 13,772,224 First fiscal year in the series	€ 8,718,194 Retained profit 2023: € 8,718,194 ▼ 37% vs 2022 (€ 13,772,224) Unfavourable step	€ 7,087,921 Retained profit 2024: € 7,087,921 ▼ 19% vs 2023 (€ 8,718,194) Unfavourable step	€ 6,597,286 Retained profit 2025: € 6,597,286 ▼ 7% vs 2024 (€ 7,087,921) Unfavourable step	▼ 7%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 5,000,000 Dividend 2023: € 5,000,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 5,000,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 13,633,586 Bank debt 2022: € 13,633,586 First fiscal year in the series	€ 16,097,223 Bank debt 2023: € 16,097,223 ▲ 18% vs 2022 (€ 13,633,586) Unfavourable step	€ 23,701,076 Bank debt 2024: € 23,701,076 ▲ 47% vs 2023 (€ 16,097,223) Unfavourable step	€ 21,038,975 Bank debt 2025: € 21,038,975 ▼ 11% vs 2024 (€ 23,701,076) Favourable step	▼ 11%
Balance sheet total	€ 39,987,396 Balance sheet total 2022: € 39,987,396 First fiscal year in the series	€ 39,459,440 Balance sheet total 2023: € 39,459,440 ▼ 1% vs 2022 (€ 39,987,396) Unchanged	€ 37,335,436 Balance sheet total 2024: € 37,335,436 ▼ 5% vs 2023 (€ 39,459,440) Unchanged	€ 36,691,780 Balance sheet total 2025: € 36,691,780 ▼ 2% vs 2024 (€ 37,335,436) Unchanged	▼ 2%
Employees (FTE)	217.8 Employees (FTE) 2022: 217.8 First fiscal year in the series	231.4 Employees (FTE) 2023: 231.4 ▲ 13.6 vs 2022 (217.8) Unchanged	247 Employees (FTE) 2024: 247 ▲ 15.6 vs 2023 (231.4) Unchanged	255.1 Employees (FTE) 2025: 255.1 ▲ 8.1 vs 2024 (247) Unchanged	▲ 8.1

Key figures of INTERWAFFLES, 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 INTERWAFFLES?

What happened at INTERWAFFLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Saskia De Paepe stepped down as director. NBB
2029 Ignace Heyman stepped down as director. NBB
2029 Pieter Grymonpré stepped down as director. NBB
May 18, 2026 New annual accounts for financial year 2025: loss of € 490,635. Source: NBB ↗
2024 Saskia De Paepe became a director. NBB
2023 Ignace Heyman became a director. NBB
2023 Pieter Grymonpré became a director. NBB
Feb 2, 2001 New establishment in Courcelles. KBO

In short

From € 554,620 profit in 2022 to € 490,635 loss in 2025.

Paid € 10,822 in corporate taxes since 2022.

Best year ever: 2022, with € 554,620 profit.

Paid out € 5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

LOTUS BAKERIES 100%

The stake of LOTUS BAKERIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

INTERWAFFLES

The shares are held by LOTUS BAKERIES (100%).

Directors

According to the 2025 annual accounts

Ignace Heyman

Director

Also active at: Biscuiterie Willems, Lotus Bakeries België, CREMERS - RIBERT

since 2023 · until 2029

Pieter Grymonpré

Director

Also active at: Biscuiterie Willems, Lotus Bakeries België, CREMERS - RIBERT

since 2023 · until 2029

Saskia De Paepe

Managing director

Also active at: Biscuiterie Willems, CREMERS - RIBERT

since 2024 · until 2030

Shareholders

LOTUS BAKERIES

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Liège(CO) 39

6180 Courcelles

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0439.312.406

VAT number

BE 0439.312.406

Registered office

Rue de Liège(CO) 39, 6180 Courcelles

Names & denominations

INTERWAFFLES

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

27 December 1989

Peppol

Active · Active since 7 Apr 2026

Activities · NACE

Industriële vervaardiging van brood en van vers banketbakkerswerk

Industriële bakkerijen

Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk

Groothandel in suiker, chocolade en suikerwerk

Artisanale brood- en banketbakkerijen

View on CBE Public ↗ Annual accounts (NBB) ↗

INTERWAFFLES

Warning lights

Financials

What happened to INTERWAFFLES?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions