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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Shrinking team NBB
FTE fell two years in a row, from 8.6 to 7.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
CUVELIER PHILIPPE from Marchin, company number BE0464397594, closed financial year 2025 with a result of € 302,608 after tax. For that financial year CUVELIER PHILIPPE recorded a gross margin of € 1.2 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 248,987 to € 302,608. 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 June 29, 2026.
€ 1.2 million
▲ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 302,608
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 835,499
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 704,533.
People and assets in 2025
7
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 445,489
▼ 12% vs 2024
€ 63,600 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.
€ 753,290
▲ 52% vs 2024
Of which on lease € 665,839.
Debts at end 2025
€ 662,357
▲ 72% vs 2024
€ 200,836 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 797,416
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 78,580
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 885,057 | € 802,896 | € 1,127,418 | € 1,183,192 | ▲ 5% |
| Profit after taxes | € 274,890 | € 91,235 | € 248,987 | € 302,608 | ▲ 22% |
| Equity | € 559,546 | € 650,781 | € 899,767 | € 1,202,376 | ▲ 34% |
| Total debts | € 1,442,434 | € 1,890,819 | € 1,423,353 | € 1,538,353 | ▲ 8% |
| Cash | € 467,500 | € 397,155 | € 678,644 | € 835,499 | ▲ 23% |
| Retained profit | € 61,703 | € 152,938 | € 401,924 | € 704,533 | ▲ 75% |
| Bank debt | € 136,259 | € 380,731 | € 384,828 | € 662,357 | ▲ 72% |
| Balance sheet total | € 2,001,980 | € 2,541,600 | € 2,323,121 | € 2,740,729 | ▲ 18% |
| Employees (FTE) | 8.6 | 8.6 | 7.2 | 7 | ▼ 0.2 |
Key figures of CUVELIER PHILIPPE, 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 CUVELIER PHILIPPE?
What happened at CUVELIER PHILIPPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Antonio Passarello stepped down as director. NBB
- JURISCO SRL stepped down as director. NBB
- AMECI SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 302,608 (▲ 22% vs 2024). Source: NBB ↗
- Antonio Passarello became a director. NBB
- JURISCO SRL became a director. NBB
- AMECI SRL became a director. NBB
- New establishment in Braine-le-Château. KBO
In short
From € 274,890 profit in 2022 to € 302,608 profit in 2025.
Paid € 278,850 in corporate taxes since 2022.
Best year ever: 2025, with € 302,608 profit.
On average € 169,000 of value added per employee in 2025.
Management
The shares are held by Stone Holding Company SA (100%).
Directors
According to the 2025 annual accounts
Antonio Passarello
Director
Also active at: CARRIERES DU HAINAUT, West Region SRC, STONE HOLDING COMPANY, Stone Service Center
since 2025 · until 2031
Director · represented by Christiaan Vermorken
Also active at: CARRIERES DU HAINAUT, West Region SRC, STONE HOLDING COMPANY, Granulats du Hainaut, Stone Service Center
since 2025 · until 2031
Managing director · represented by Christophe Huyghebaert
Also active at: CARRIERES DU HAINAUT, West Region SRC, STONE HOLDING COMPANY, Granulats du Hainaut, Stone Service Center
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Sous-Beaufays 1
4570 Marchin
Grand'Place 9 box 1
1440 Braine-le-Château
Active since 7 January 2013
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.397.594
- VAT number
- BE 0464.397.594
- Registered office
- Rue Sous-Beaufays 1, 4570 Marchin
- Names & denominations
- CUVELIER PHILIPPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 1998
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
Winning van kalksteen, gips, leisteen en andere steen
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