What does NEW VEPELI do?

NEW VEPELI is a meat processor in Mouscron. Public Limited, started on 6 September 1991, 1 establishment.

What is the address of NEW VEPELI?

The registered office of NEW VEPELI is located at Slachthuisstraat 32-34, 7700 Mouscron.

Is NEW VEPELI still active?

Yes. According to the CBE (29 October 2026) NEW VEPELI is active, legal situation “Normale toestand”, started on 6 September 1991.

Is NEW VEPELI registered on Peppol?

Yes, NEW VEPELI is registered on the Peppol network with ID 0208:0444953549.

What is the enterprise number of NEW VEPELI?

The enterprise number of NEW VEPELI is BE0444953549.

When was NEW VEPELI founded?

NEW VEPELI was founded on 6 September 1991.

Who are the directors of NEW VEPELI?

According to the 2025 annual accounts, the directors of NEW VEPELI are: Miguel CORNILLE.

Is NEW VEPELI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 6 September 1991; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did NEW VEPELI make in 2025?

NEW VEPELI posted a profit after taxes of € 8,848,234 in financial year 2025.

What is the revenue of NEW VEPELI?

In its most recent annual accounts (2025), NEW VEPELI reported revenue of € 36,476,464.

How much does an employee at NEW VEPELI earn?

The average wage cost per full-time employee at NEW VEPELI was € 58,900 in 2025: staff costs of € 1.1 million for 19.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does NEW VEPELI have?

According to the 2025 annual accounts, NEW VEPELI has 19.5 full-time equivalents (FTE).

NEW VEPELI (Public Limited) - Mouscron - BE0444953549

Dossier NEW VEPELI, printed on 29 October 2026 from databakkes.be/en/0444953549/new-vepeli. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

NEW VEPELI from Mouscron, company number BE0444953549, closed financial year 2025 with a result of € 8.8 million after tax. For that financial year NEW VEPELI recorded revenue of € 36.5 million and equity of € 14.4 million. Compared with financial year 2024, the result moved from € 8.8 million to € 8.8 million. Profitable, and profit is growing. 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 30, 2026.

What it is worth Growing

€ 14.4 million

▲ 59% vs 2024

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

Profit Growing

€ 8.8 million

▲ 1% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.5 million

▲ 102% vs 2024

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

Where the profit goes Pays out

€ 3.5 million paid out

40 % of the profit went to the shareholders, mostly to FLOMIG (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

19.5

▼ 1.1 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: € 6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 1.1 million

▲ 8% vs 2024

€ 58,900 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

€ 285,029

▲ 17% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 4.4 million

▲ 67% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.

Taxes and wages

€ 1.9 million

▼ 7% 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	€ 30,455,720 Revenue 2022: € 30,455,720 First fiscal year in the series	€ 35,450,732 Revenue 2023: € 35,450,732 ▲ 16% vs 2022 (€ 30,455,720) Favourable step	€ 37,104,685 Revenue 2024: € 37,104,685 ▲ 5% vs 2023 (€ 35,450,732) Favourable step	€ 36,476,464 Revenue 2025: € 36,476,464 ▼ 2% vs 2024 (€ 37,104,685) Unfavourable step	▼ 2%
Profit after taxes	€ 6,401,914 Profit after taxes 2022: € 6,401,914 First fiscal year in the series	€ 8,196,301 Profit after taxes 2023: € 8,196,301 ▲ 28% vs 2022 (€ 6,401,914) Favourable step	€ 8,769,285 Profit after taxes 2024: € 8,769,285 ▲ 7% vs 2023 (€ 8,196,301) Favourable step	€ 8,848,234 Profit after taxes 2025: € 8,848,234 ▲ 1% vs 2024 (€ 8,769,285) Favourable step	▲ 1%
Equity	€ 17,618,074 Equity 2022: € 17,618,074 First fiscal year in the series	€ 18,324,375 Equity 2023: € 18,324,375 ▲ 4% vs 2022 (€ 17,618,074) Favourable step	€ 9,093,660 Equity 2024: € 9,093,660 ▼ 50% vs 2023 (€ 18,324,375) Unfavourable step	€ 14,441,893 Equity 2025: € 14,441,893 ▲ 59% vs 2024 (€ 9,093,660) Favourable step	▲ 59%
Total debts	€ 6,587,688 Total debts 2022: € 6,587,688 First fiscal year in the series	€ 12,413,068 Total debts 2023: € 12,413,068 ▲ 88% vs 2022 (€ 6,587,688) Unfavourable step	€ 22,729,982 Total debts 2024: € 22,729,982 ▲ 83% vs 2023 (€ 12,413,068) Unfavourable step	€ 9,850,907 Total debts 2025: € 9,850,907 ▼ 57% vs 2024 (€ 22,729,982) Favourable step	▼ 57%
Cash	€ 4,137,213 Cash 2022: € 4,137,213 First fiscal year in the series	€ 2,472,116 Cash 2023: € 2,472,116 ▼ 40% vs 2022 (€ 4,137,213) Unfavourable step	€ 1,230,277 Cash 2024: € 1,230,277 ▼ 50% vs 2023 (€ 2,472,116) Unfavourable step	€ 2,482,444 Cash 2025: € 2,482,444 ▲ 102% vs 2024 (€ 1,230,277) Favourable step	▲ 102%
Land & buildings	€ 1,191,138 Land & buildings 2022: € 1,191,138 First fiscal year in the series	€ 1,063,046 Land & buildings 2023: € 1,063,046 ▼ 11% vs 2022 (€ 1,191,138) Unchanged	€ 957,225 Land & buildings 2024: € 957,225 ▼ 10% vs 2023 (€ 1,063,046) Unchanged	€ 854,490 Land & buildings 2025: € 854,490 ▼ 11% vs 2024 (€ 957,225) Unchanged	▼ 11%
Retained profit	€ 17,289,615 Retained profit 2022: € 17,289,615 First fiscal year in the series	€ 17,995,916 Retained profit 2023: € 17,995,916 ▲ 4% vs 2022 (€ 17,289,615) Favourable step	€ 8,765,201 Retained profit 2024: € 8,765,201 ▼ 51% vs 2023 (€ 17,995,916) Unfavourable step	€ 14,113,434 Retained profit 2025: € 14,113,434 ▲ 61% vs 2024 (€ 8,765,201) Favourable step	▲ 61%
Dividend	€ 4,500,000 Dividend 2022: € 4,500,000 First fiscal year in the series	€ 7,490,000 Dividend 2023: € 7,490,000 ▲ 66% vs 2022 (€ 4,500,000) Unchanged	€ 18,000,000 Dividend 2024: € 18,000,000 ▲ 140% vs 2023 (€ 7,490,000) Unchanged	€ 3,500,000 Dividend 2025: € 3,500,000 ▼ 81% vs 2024 (€ 18,000,000) Unchanged	▼ 81%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 98 Bank debt 2024: € 98 Unchanged (€ 0) Unfavourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 98) Favourable step	▼ 100%
Balance sheet total	€ 24,240,308 Balance sheet total 2022: € 24,240,308 First fiscal year in the series	€ 31,007,332 Balance sheet total 2023: € 31,007,332 ▲ 28% vs 2022 (€ 24,240,308) Unchanged	€ 32,163,306 Balance sheet total 2024: € 32,163,306 ▲ 4% vs 2023 (€ 31,007,332) Unchanged	€ 24,683,993 Balance sheet total 2025: € 24,683,993 ▼ 23% vs 2024 (€ 32,163,306) Unchanged	▼ 23%
Employees (FTE)	16.9 Employees (FTE) 2022: 16.9 First fiscal year in the series	19.6 Employees (FTE) 2023: 19.6 ▲ 2.7 vs 2022 (16.9) Unchanged	20.6 Employees (FTE) 2024: 20.6 ▲ 1 vs 2023 (19.6) Unchanged	19.5 Employees (FTE) 2025: 19.5 ▼ 1.1 vs 2024 (20.6) Unchanged	▼ 1.1

Key figures of NEW VEPELI, 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 NEW VEPELI?

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

2027 Miguel CORNILLE stepped down as director. NBB
Jul 30, 2026 New annual accounts for financial year 2025: profit of € 8.8 million (▲ 1% vs 2024). Source: NBB ↗
2024 Miguel CORNILLE became a director. NBB
Sep 25, 1991 New establishment in Mouscron. KBO
Sep 6, 1991 Start of the company according to the CBE. KBO

In short

From € 6.4 million profit in 2022 to € 8.8 million profit in 2025.

Paid € 10.6 million in corporate taxes since 2022.

Best year ever: 2025, with € 8.8 million profit.

Paid out € 33.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

FLOMIG 100%

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

NEW VEPELI

PERFECT BEEF 49.4%

The shares are held by FLOMIG (100%). It owns 49.4% of PERFECT BEEF itself.

Directors

According to the 2025 annual accounts

Miguel CORNILLE

Managing director

Also active at: PERFECT BEEF, FLOMIG

since 2024 · until 2027

Shareholders

FLOMIG

100%

Participations

PERFECT BEEF

49.4%

Establishments

Establishment units

Physical locations of this company

Registered office

Slachthuisstraat 32-34

7700 Mouscron

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

Details

Company number

0444.953.549

VAT number

BE 0444.953.549

Registered office

Slachthuisstraat 32-34, 7700 Mouscron

Names & denominations

NEW VEPELI

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

6 September 1991

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Vervaardiging van producten van vlees of van vlees van gevogelte

Vervaardiging van verse vleeswaren en van vleesconserven

Vervaardiging van andere voedingsmiddelen, neg

Vervaardiging van overige voedingsmiddelen, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

NEW VEPELI

Financials

What happened to NEW VEPELI?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions