Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EUROPAL from Mouscron, company number BE0467257413, closed financial year 2025 with a result of € 10,945 after tax. For that financial year EUROPAL recorded revenue of € 62.2 million and equity of € 13 million. Compared with financial year 2023, the result moved from € 1.9 million to € 10,945. 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 July 17, 2026.
€ 13 million
▲ 27% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,945
▼ 99% vs 2023
Profit after tax over the fiscal year.
€ 1.1 million
▲ 204% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5.6 million.
People and assets in 2025
137.7
▲ 22.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 9.8 million
▲ 26% vs 2023
€ 71,400 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.
€ 58.7 million
▲ 9% vs 2023
Of which on lease € 58.6 million.
Debts at end 2025
€ 44 million
▼ 3% vs 2023
€ 8.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 10.5 million
▲ 79% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 82 days on average.
€ 1.5 million
▼ 9% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 40,127,094 | € 58,095,757 | € 53,145,749 | € 62,203,194 | ▲ 17% |
| Profit after taxes | € -569,391 | € 1,216,409 | € 1,908,744 | € 10,945 | ▼ 99% |
| Equity | € 7,652,968 | € 8,614,206 | € 10,267,781 | € 13,018,841 | ▲ 27% |
| Total debts | € 86,182,863 | € 74,359,003 | € 71,840,152 | € 64,519,546 | ▼ 10% |
| Cash | € 628,050 | € 1,256,028 | € 348,222 | € 1,059,871 | ▲ 204% |
| Land & buildings | € 347,150 | € 403,541 | € 365,925 | € 298,289 | ▼ 18% |
| Retained profit | € 250,765 | € 1,467,173 | € 3,375,918 | € 5,578,711 | ▲ 65% |
| Bank debt | € 64,628,522 | € 52,348,976 | € 45,258,872 | € 44,037,988 | ▼ 3% |
| Balance sheet total | € 93,902,161 | € 83,031,409 | € 82,378,002 | € 77,822,376 | ▼ 6% |
| Employees (FTE) | 99 | 118 | 115.4 | 137.7 | ▲ 22.3 |
Key figures of EUROPAL, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 28 July 2027.
What happened to EUROPAL?
What happened at EUROPAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DEJAGER INVESTMENT GROUP SA stepped down as director. NBB
- EURO-INVEST stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 10,945 (▼ 99% vs 2023). Source: NBB ↗
- DEJAGER INVESTMENT GROUP SA became a director. NBB
- EURO-INVEST became a director. NBB
- New establishment in Tournai. KBO
- New establishment in Kortrijk. KBO
- New establishment in Mouscron. KBO
In short
From € 569,391 loss in 2021 to € 10,945 profit in 2025.
Paid € 115,806 in corporate taxes since 2021.
Best year ever: 2023, with € 1.9 million profit.
Pays suppliers within 82 days on average.
A new publication or filing at EUROPAL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DEJAGER INVESTMENT GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EUROPALThe shares are held by DEJAGER INVESTMENT GROUP (100%). It owns 95.6% of BEE Real itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Patrick Dejager
Also active at: BEElite
since 2024 · until 2028
since 2024 · until 2028
Shareholders
Participations
95.6%
Establishments
Establishment units
Physical locations of this company
Anne Francklaan 5
7700 Mouscron
Beneluxpark(Kor) 35
8500 Kortrijk
Active since 1 January 2008
Stationsstraat 103
8400 Oostende
Active since 12 November 1999
Rue du Petit Tilleul 3
7522 Tournai
Active since 1 October 2020
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.257.413
- VAT number
- BE 0467.257.413
- Registered office
- Anne Francklaan 5, 7700 Mouscron
- Names & denominations
- EUROPAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 November 1999
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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