What does NEW EURAC do?

NEW EURAC is a plastics manufacturer in Tielt. Private Limited, started on 4 July 1994, 1 establishment.

What is the address of NEW EURAC?

The registered office of NEW EURAC is located at Tenhovestraat 11, 8700 Tielt.

Is NEW EURAC still active?

Yes. According to the CBE (30 October 2026) NEW EURAC is active, legal situation “Normale toestand”, started on 4 July 1994.

Is NEW EURAC registered on Peppol?

Yes, NEW EURAC is registered on the Peppol network with ID 0208:0452935560.

What is the enterprise number of NEW EURAC?

The enterprise number of NEW EURAC is BE0452935560.

When was NEW EURAC founded?

NEW EURAC was founded on 4 July 1994.

Who are the directors of NEW EURAC?

According to the 2025 annual accounts, the directors of NEW EURAC are: Michael Vandevoorde, Nikita Vandevoorde.

Is NEW EURAC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 4 July 1994; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did NEW EURAC make in 2025?

NEW EURAC posted a profit after taxes of € 26,312 in financial year 2025.

What is the revenue of NEW EURAC?

As a small company, NEW EURAC is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 589,043.

How much does an employee at NEW EURAC earn?

The average wage cost per full-time employee at NEW EURAC was € 51,700 in 2023: staff costs of € 470,712 for 9.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

NEW EURAC (Private Limited) - Tielt - BE0452935560

Dossier NEW EURAC, printed on 30 October 2026 from databakkes.be/en/0452935560/new-eurac. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

NEW EURAC from Tielt, company number BE0452935560, closed financial year 2025 with a result of € 26,312 after tax. For that financial year NEW EURAC recorded a gross margin of € 589,043 and equity of € 354,156. Compared with financial year 2024, the result moved from € 28,230 to € 26,312. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.

What it is worth Growing

€ 354,156

▲ 8% vs 2024

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

Profit Healthy

€ 26,312

▼ 7% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 62,500

▼ 45% 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 € 149,156.

People and assets in 2025

Wage cost

€ 418,619

▼ 9% vs 2024

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

€ 8,005

▲ € 6,621 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 1 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.

€ 681,756

▲ 4% vs 2024

€ 52,765 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 213,242

▲ 6% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 35,107

▲ 18% 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
Gross margin	€ 661,917 Gross margin 2022: € 661,917 First fiscal year in the series	€ 708,693 Gross margin 2023: € 708,693 ▲ 7% vs 2022 (€ 661,917) Favourable step	€ 747,879 Gross margin 2024: € 747,879 ▲ 6% vs 2023 (€ 708,693) Favourable step	€ 589,043 Gross margin 2025: € 589,043 ▼ 21% vs 2024 (€ 747,879) Unfavourable step	▼ 21%
Profit after taxes	€ 18,343 Profit after taxes 2022: € 18,343 First fiscal year in the series	€ 25,551 Profit after taxes 2023: € 25,551 ▲ 39% vs 2022 (€ 18,343) Favourable step	€ 28,230 Profit after taxes 2024: € 28,230 ▲ 10% vs 2023 (€ 25,551) Favourable step	€ 26,312 Profit after taxes 2025: € 26,312 ▼ 7% vs 2024 (€ 28,230) Unfavourable step	▼ 7%
Equity	€ 274,063 Equity 2022: € 274,063 First fiscal year in the series	€ 299,614 Equity 2023: € 299,614 ▲ 9% vs 2022 (€ 274,063) Favourable step	€ 327,844 Equity 2024: € 327,844 ▲ 9% vs 2023 (€ 299,614) Favourable step	€ 354,156 Equity 2025: € 354,156 ▲ 8% vs 2024 (€ 327,844) Favourable step	▲ 8%
Total debts	€ 1,296,842 Total debts 2022: € 1,296,842 First fiscal year in the series	€ 969,232 Total debts 2023: € 969,232 ▼ 25% vs 2022 (€ 1,296,842) Favourable step	€ 940,177 Total debts 2024: € 940,177 ▼ 3% vs 2023 (€ 969,232) Favourable step	€ 959,549 Total debts 2025: € 959,549 ▲ 2% vs 2024 (€ 940,177) Unfavourable step	▲ 2%
Cash	€ 42,699 Cash 2022: € 42,699 First fiscal year in the series	€ 76,209 Cash 2023: € 76,209 ▲ 78% vs 2022 (€ 42,699) Favourable step	€ 112,785 Cash 2024: € 112,785 ▲ 48% vs 2023 (€ 76,209) Favourable step	€ 62,500 Cash 2025: € 62,500 ▼ 45% vs 2024 (€ 112,785) Unfavourable step	▼ 45%
Land & buildings	€ 188,578 Land & buildings 2022: € 188,578 First fiscal year in the series	€ 139,070 Land & buildings 2023: € 139,070 ▼ 26% vs 2022 (€ 188,578) Unchanged	€ 139,070 Land & buildings 2024: € 139,070 Unchanged (€ 139,070) Unchanged	€ 157,847 Land & buildings 2025: € 157,847 ▲ 14% vs 2024 (€ 139,070) Unchanged	▲ 14%
Retained profit	€ 69,063 Retained profit 2022: € 69,063 First fiscal year in the series	€ 94,614 Retained profit 2023: € 94,614 ▲ 37% vs 2022 (€ 69,063) Favourable step	€ 122,844 Retained profit 2024: € 122,844 ▲ 30% vs 2023 (€ 94,614) Favourable step	€ 149,156 Retained profit 2025: € 149,156 ▲ 21% vs 2024 (€ 122,844) Favourable step	▲ 21%
Bank debt	€ 891,746 Bank debt 2022: € 891,746 First fiscal year in the series	€ 745,368 Bank debt 2023: € 745,368 ▼ 16% vs 2022 (€ 891,746) Favourable step	€ 658,474 Bank debt 2024: € 658,474 ▼ 12% vs 2023 (€ 745,368) Favourable step	€ 681,756 Bank debt 2025: € 681,756 ▲ 4% vs 2024 (€ 658,474) Unfavourable step	▲ 4%
Balance sheet total	€ 1,570,906 Balance sheet total 2022: € 1,570,906 First fiscal year in the series	€ 1,268,845 Balance sheet total 2023: € 1,268,845 ▼ 19% vs 2022 (€ 1,570,906) Unchanged	€ 1,268,020 Balance sheet total 2024: € 1,268,020 Unchanged (€ 1,268,845) Unchanged	€ 1,313,705 Balance sheet total 2025: € 1,313,705 ▲ 4% vs 2024 (€ 1,268,020) Unchanged	▲ 4%
Employees (FTE)	11.4 Employees (FTE) 2022: 11.4 First fiscal year in the series	9.1 Employees (FTE) 2023: 9.1 ▼ 2.3 vs 2022 (11.4) Unchanged	-	-

Key figures of NEW EURAC, 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 EURAC?

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

Jun 23, 2026 New annual accounts for financial year 2025: profit of € 26,312 (▼ 7% vs 2024). Source: NBB ↗
2020 Michael Vandevoorde became a director. NBB
2019 Nikita Vandevoorde became a director. NBB
May 3, 1996 New establishment in Tielt. KBO
Jul 4, 1994 Start of the company according to the CBE. KBO

In short

From € 18,343 profit in 2022 to € 26,312 profit in 2025.

Paid € 76,159 in corporate taxes since 2022.

Best year ever: 2024, with € 28,230 profit.

On average € 77,900 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

SOGN-O-PUS 100%

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

NEW EURAC

Behind NEW EURAC are Michael Vandevoorde and Nikita Vandevoorde. The shares are held by SOGN-O-PUS (100%).

Directors

According to the 2025 annual accounts

Michael Vandevoorde

Director

Also active at: SOGN-O-PUS

since 2020

Nikita Vandevoorde

Director

Also active at: SOGN-O-PUS

since 2019

Shareholders

SOGN-O-PUS

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Tenhovestraat 11

8700 Tielt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

SOGN-O-PUS same network

€ -1,346 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

0452.935.560

VAT number

BE 0452.935.560

Registered office

Tenhovestraat 11, 8700 Tielt

Names & denominations

NEW EURAC

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

4 July 1994

Peppol

Active · Active since 9 Dec 2025

Activities · NACE

Vervaardiging van platen, vellen, buizen en profielen van kunststof

Vervaardiging van synthetische en kunstmatige vezels

View on CBE Public ↗ Annual accounts (NBB) ↗

NEW EURAC

Financials

What happened to NEW EURAC?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions