Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
EPICURE from Stavelot, company number BE0458049935, closed financial year 2025 with a result of € 42,796 after tax. For that financial year EPICURE recorded a gross margin of € 55,399 and equity of € 188,796. Compared with financial year 2023, the result moved from € 38,028 to € 42,796. 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 August 31, 2026.
€ 188,796
▲ 31% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,796
▲ 13% vs 2023
Profit after tax over the fiscal year.
€ 6,505
▲ € 6,002 vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 26,500 paid out
62 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,272
▼ 30% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 736
▼ 48% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 14,087
▲ 8% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 62,652 | € 47,351 | € 50,380 | € 55,399 | ▲ 10% |
| Profit after taxes | € 48,686 | € 34,376 | € 38,028 | € 42,796 | ▲ 13% |
| Equity | € 108,266 | € 124,642 | € 144,120 | € 188,796 | ▲ 31% |
| Total debts | € 57,878 | € 51,445 | € 14,705 | € 33,374 | ▲ 127% |
| Cash | € 5,344 | € 478 | € 503 | € 6,505 | ▲ € 6,002 |
| Retained profit | € 89,716 | € 106,092 | € 144,120 | € 188,796 | ▲ 31% |
| Dividend | € 18,000 | € 18,000 | € 0 | € 26,500 | |
| Bank debt | € 27,209 | € 21,990 | € 205 | € 0 | ▼ 100% |
| Balance sheet total | € 166,144 | € 176,086 | € 158,825 | € 222,170 | ▲ 40% |
Key figures of EPICURE, fiscal years 2021 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 EPICURE?
What happened at EPICURE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 42,796 (▲ 13% vs 2023). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 48,686 profit in 2021 to € 42,796 profit in 2025.
Paid € 73,038 in corporate taxes since 2021.
Best year ever: 2021, with € 48,686 profit.
Paid out € 62,500 in dividends to the owners in total.
Management
Behind EPICURE is Thierry GRISAR.
Directors
According to the 2025 annual accounts
Thierry GRISAR
Director
Establishments
Establishment units
Physical locations of this company
Devant Chéneu, Hockai 50
4970 Stavelot
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.049.935
- VAT number
- BE 0458.049.935
- Registered office
- Devant Chéneu, Hockai 50, 4970 Stavelot
- Names & denominations
- EPICURE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 1996
- Peppol
- Not registered