What does EPSILON do?

EPSILON is registered with the CBE as active in: Vervaardiging van verlichtingsapparaten. Public Limited, started on 31 July 1991, 1 establishment.

What is the address of EPSILON?

The registered office of EPSILON is located at Industrieterrein Kanaal-Noord 1159, 3960 Bree.

Is EPSILON still active?

Yes. According to the CBE (29 October 2026) EPSILON is active, legal situation “Normale toestand”, started on 31 July 1991.

Is EPSILON registered on Peppol?

Yes, EPSILON is registered on the Peppol network with ID 0208:0444856351.

What is the enterprise number of EPSILON?

The enterprise number of EPSILON is BE0444856351.

When was EPSILON founded?

EPSILON was founded on 31 July 1991.

Who are the directors of EPSILON?

According to the 2025 annual accounts, the directors of EPSILON are: EPSILON CITIES NV, TJ Consulting bv, Velmo bv, Danielle Vandormael.

Is EPSILON a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 31 July 1991; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did EPSILON make in 2025?

EPSILON posted a profit after taxes of € 1,384,935 in financial year 2025.

What is the revenue of EPSILON?

In its most recent annual accounts (2025), EPSILON reported revenue of € 21,565,817.

How much does an employee at EPSILON earn?

The average wage cost per full-time employee at EPSILON was € 74,700 in 2025: staff costs of € 4.9 million for 65.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does EPSILON have?

According to the 2025 annual accounts, EPSILON has 65.3 full-time equivalents (FTE).

EPSILON (Public Limited) - Bree - BE0444856351

Dossier EPSILON, printed on 29 October 2026 from databakkes.be/en/0444856351/epsilon. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

EPSILON from Bree, company number BE0444856351, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year EPSILON recorded revenue of € 21.6 million and equity of € 15 million. Compared with financial year 2024, the result moved from € 66.7 million to € 1.4 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 July 14, 2026.

What it is worth Growing

€ 15 million

▲ 10% vs 2024

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

Profit Healthy

€ 1.4 million

▼ 98% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 4.2 million

▲ 71% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 14.9 million.

People and assets in 2025

Full-time equivalents

65.3

▼ 2.4 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: € 4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.9 million

▼ 1% vs 2024

€ 74,700 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

€ 652,586

▲ 30% vs 2024

Of which on lease € 51,708.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.4 million

▼ 58% vs 2024

€ 576,597 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 1.7 million

▼ 1% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.

Taxes and wages

€ 1.1 million

▲ 38% 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	€ 15,734,720 Revenue 2022: € 15,734,720 First fiscal year in the series	€ 18,302,944 Revenue 2023: € 18,302,944 ▲ 16% vs 2022 (€ 15,734,720) Favourable step	€ 18,122,701 Revenue 2024: € 18,122,701 ▼ 1% vs 2023 (€ 18,302,944) Unfavourable step	€ 21,565,817 Revenue 2025: € 21,565,817 ▲ 19% vs 2024 (€ 18,122,701) Favourable step	▲ 19%
Profit after taxes	€ 1,024,644 Profit after taxes 2022: € 1,024,644 First fiscal year in the series	€ 1,843,869 Profit after taxes 2023: € 1,843,869 ▲ 80% vs 2022 (€ 1,024,644) Favourable step	€ 66,655,212 Profit after taxes 2024: € 66,655,212 ▲ € 64.8 million vs 2023 (€ 1,843,869) Favourable step	€ 1,384,935 Profit after taxes 2025: € 1,384,935 ▼ 98% vs 2024 (€ 66,655,212) Unfavourable step	▼ 98%
Equity	€ 12,305,963 Equity 2022: € 12,305,963 First fiscal year in the series	€ 12,340,780 Equity 2023: € 12,340,780 Unchanged (€ 12,305,963) Favourable step	€ 13,666,390 Equity 2024: € 13,666,390 ▲ 11% vs 2023 (€ 12,340,780) Favourable step	€ 15,045,599 Equity 2025: € 15,045,599 ▲ 10% vs 2024 (€ 13,666,390) Favourable step	▲ 10%
Total debts	€ 6,553,921 Total debts 2022: € 6,553,921 First fiscal year in the series	€ 7,537,811 Total debts 2023: € 7,537,811 ▲ 15% vs 2022 (€ 6,553,921) Unfavourable step	€ 73,700,872 Total debts 2024: € 73,700,872 ▲ € 66.2 million vs 2023 (€ 7,537,811) Unfavourable step	€ 4,847,901 Total debts 2025: € 4,847,901 ▼ 93% vs 2024 (€ 73,700,872) Favourable step	▼ 93%
Cash	€ 1,030,018 Cash 2022: € 1,030,018 First fiscal year in the series	€ 425,530 Cash 2023: € 425,530 ▼ 59% vs 2022 (€ 1,030,018) Unfavourable step	€ 2,428,490 Cash 2024: € 2,428,490 ▲ € 2 million vs 2023 (€ 425,530) Favourable step	€ 4,160,996 Cash 2025: € 4,160,996 ▲ 71% vs 2024 (€ 2,428,490) Favourable step	▲ 71%
Land & buildings	€ 950,832 Land & buildings 2022: € 950,832 First fiscal year in the series	€ 866,179 Land & buildings 2023: € 866,179 ▼ 9% vs 2022 (€ 950,832) Unchanged	€ 670,209 Land & buildings 2024: € 670,209 ▼ 23% vs 2023 (€ 866,179) Unchanged	€ 723,766 Land & buildings 2025: € 723,766 ▲ 8% vs 2024 (€ 670,209) Unchanged	▲ 8%
Retained profit	€ 12,119,500 Retained profit 2022: € 12,119,500 First fiscal year in the series	€ 12,163,369 Retained profit 2023: € 12,163,369 Unchanged (€ 12,119,500) Favourable step	€ 13,496,172 Retained profit 2024: € 13,496,172 ▲ 11% vs 2023 (€ 12,163,369) Favourable step	€ 14,881,107 Retained profit 2025: € 14,881,107 ▲ 10% vs 2024 (€ 13,496,172) Favourable step	▲ 10%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 1,800,000 Dividend 2023: € 1,800,000 Unchanged (€ 0) Unchanged	€ 65,000,000 Dividend 2024: € 65,000,000 ▲ € 63.2 million vs 2023 (€ 1,800,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 65,000,000) Unchanged	▼ 100%
Bank debt	€ 2,045,429 Bank debt 2022: € 2,045,429 First fiscal year in the series	€ 1,481,657 Bank debt 2023: € 1,481,657 ▼ 28% vs 2022 (€ 2,045,429) Favourable step	€ 3,315,878 Bank debt 2024: € 3,315,878 ▲ 124% vs 2023 (€ 1,481,657) Unfavourable step	€ 1,395,981 Bank debt 2025: € 1,395,981 ▼ 58% vs 2024 (€ 3,315,878) Favourable step	▼ 58%
Balance sheet total	€ 18,867,336 Balance sheet total 2022: € 18,867,336 First fiscal year in the series	€ 19,884,475 Balance sheet total 2023: € 19,884,475 ▲ 5% vs 2022 (€ 18,867,336) Unchanged	€ 87,372,198 Balance sheet total 2024: € 87,372,198 ▲ € 67.5 million vs 2023 (€ 19,884,475) Unchanged	€ 19,897,755 Balance sheet total 2025: € 19,897,755 ▼ 77% vs 2024 (€ 87,372,198) Unchanged	▼ 77%
Employees (FTE)	65.9 Employees (FTE) 2022: 65.9 First fiscal year in the series	61.4 Employees (FTE) 2023: 61.4 ▼ 4.5 vs 2022 (65.9) Unchanged	67.7 Employees (FTE) 2024: 67.7 ▲ 6.3 vs 2023 (61.4) Unchanged	65.3 Employees (FTE) 2025: 65.3 ▼ 2.4 vs 2024 (67.7) Unchanged	▼ 2.4

Key figures of EPSILON, 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 EPSILON?

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

2028 EPSILON CITIES NV stepped down as director. NBB
2028 TJ Consulting bv stepped down as director. NBB
2028 Velmo bv stepped down as director. NBB
2028 Danielle Vandormael stepped down as director. NBB
Jul 14, 2026 New annual accounts for financial year 2025: profit of € 1.4 million (▼ 98% vs 2024). Source: NBB ↗
2023 TJ Consulting bv became a director. NBB
2023 Velmo bv became a director. NBB
2022 EPSILON CITIES NV became a director. NBB

In short

From € 1 million profit in 2022 to € 1.4 million profit in 2025.

Paid € 2 million in corporate taxes since 2022.

Best year ever: 2024, with € 66.7 million profit.

Paid out € 66.8 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Epsilon Cities 99.9%

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

EPSILON

Epsilon Norway 100%

Epsilon Cities Germany Gmbh 100%

Epsilon Cities B.V. 80%

Conwee GmbH 25%

The shares are held by Epsilon Cities (99.9%). It owns 100% of Epsilon Norway, 100% of Epsilon Cities Germany Gmbh, 80% of Epsilon Cities B.V. and 25% of Conwee GmbH itself.

Directors

According to the 2025 annual accounts

EPSILON CITIES NV

Managing director · represented by Gorre Dirk

since 2022 · until 2028

TJ Consulting bv

Director · represented by Theunissen Joris

since 2023 · until 2028

Velmo bv

Director · represented by Verheyen Dennis

since 2023 · until 2028

Danielle Vandormael

Director

Also active at: Epsilon Cities

since 2022 · until 2028

Shareholders

Epsilon Cities

99.9%

Participations

Epsilon Norway

100%

Epsilon Cities Germany Gmbh

100%

Epsilon Cities B.V.

80%

Conwee GmbH

25%

Establishments

Establishment units

Physical locations of this company

Registered office

Industrieterrein Kanaal-Noord 1159

3960 Bree

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 →

SWITCHPOINT

€ -43,359 gross margin · 2025

Epsilon Cities same network

€ 431,446 gross margin · 2025

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

Details

Company number

0444.856.351

VAT number

BE 0444.856.351

Registered office

Industrieterrein Kanaal-Noord 1159, 3960 Bree

Names & denominations

EPSILON

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

31 July 1991

Peppol

Active · Active since 23 Sept 2025

Activities · NACE

Vervaardiging van verlichtingsapparaten

Overige bouwinstallatie

Vervaardiging van metalen constructiewerken en delen daarvan

Overige gespecialiseerde bouwactiviteiten, neg

Overige bouwinstallatie, n.e.g.

Overige gespecialiseerde bouwwerkzaamheden

View on CBE Public ↗ Annual accounts (NBB) ↗

EPSILON

Financials

What happened to EPSILON?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions