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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
47 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MOULIN D'EPRAVE from Elsene, company number BE0461039119, closed financial year 2025 with a result of € -90,711 after tax. For that financial year MOULIN D'EPRAVE recorded a gross margin of € 21,529 and equity of € -1.4 million. Compared with financial year 2024, the result moved from € -134,487 to € -90,711. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 31, 2026.
€ -1.4 million
▼ € 90,711 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -90,711
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 60,274
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.4 million.
Debts at end 2025
€ 1.9 million
Loans from banks and other lenders, long and short.
€ 862
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,889
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,653 | € 60,393 | € 23,648 | € 21,529 | ▼ 9% |
| Profit after taxes | € -162,661 | € -97,835 | € -134,487 | € -90,711 | ▲ € 43,776 |
| Equity | € -1,117,032 | € -1,214,867 | € -1,349,354 | € -1,440,065 | ▼ € 90,711 |
| Total debts | € 1,986,316 | € 1,957,122 | € 1,944,704 | € 1,943,751 | |
| Cash | € 43,948 | € 60,951 | € 54,634 | € 60,274 | ▲ 10% |
| Land & buildings | € 290,465 | € 221,716 | € 152,968 | € 130,405 | ▼ 15% |
| Retained profit | € -3,117,032 | € -3,214,867 | € -3,349,354 | € -3,440,065 | ▼ € 90,711 |
| Bank debt | € 1,940,000 | € 1,940,000 | € 1,940,000 | € 1,940,000 | |
| Balance sheet total | € 869,284 | € 742,256 | € 595,350 | € 503,687 | ▼ 15% |
Key figures of MOULIN D'EPRAVE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MOULIN D'EPRAVE?
What happened at MOULIN D'EPRAVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ALBATROSS ASSOCIATES SRL stepped down as director. NBB
- HORINVEST & SERVICES SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 90,711. filed late Source: NBB ↗
- HORAS SA stepped down as director. NBB
- ALBATROSS ASSOCIATES SRL became a director. NBB
- HORINVEST & SERVICES SA became a director. NBB
- HORAS SA became a director. NBB
- New establishment in Rochefort. KBO
In short
From € 162,661 loss in 2022 to € 90,711 loss in 2025.
Management
The stake of Horas, HORINVEST et SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MOULIN D'EPRAVEThe shares are held by Horas (75.8%) and HORINVEST et SERVICES (23.1%).
Directors
According to the 2025 annual accounts
Director · represented by François VERMER
Also active at: INTER DISTRIBUTION CORPORATION, BEVEST, SOPARBUS
since 2023 · until 2029
Director · represented by Claude BELLOMO
since 2004 · until 2025
since 2023 · until 2029
Shareholders
75.8%
23.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 486 box 15
1050 Elsene
Rue de l'Aujoûle,Eprave 51
5580 Rochefort
Active since 17 August 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 47 companies are registered at this address.
All companies at this address →Aviasales
€ 41,808 gross margin · 2025
Antalis
€ 30.3 million revenue · 2024
Horas same network
€ -38,942 gross margin · 2025
Produits chimiques Protebel
€ 10,028 gross margin · 2025
Old Inn
+42 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.039.119
- VAT number
- BE 0461.039.119
- Registered office
- Louizalaan 486 bus 15, 1050 Elsene
- Names & denominations
- MOULIN D'EPRAVE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 1997
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
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