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 57 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
HUGO WAFELS-GAUFRES HUGO from Tubize, company number BE0473743050, closed financial year 2025 with a result of € 506,367 after tax. For that financial year HUGO WAFELS-GAUFRES HUGO recorded a gross margin of € 1.8 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 789,236 to € 506,367. The company is profitable. The buffer shrank hard: equity is 85 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 1.1 million
▼ 85% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 506,367
▼ 36% vs 2024
Profit after tax over the fiscal year.
€ 184
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6.9 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
15
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 728,584
▼ 13% vs 2024
€ 48,600 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.
€ 1,962
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 563,256
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 146,127
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,403,303 | € 2,179,355 | € 2,228,544 | € 1,768,811 | ▼ 21% |
| Profit after taxes | € 161,033 | € 776,820 | € 789,236 | € 506,367 | ▼ 36% |
| Equity | € 6,053,647 | € 6,804,812 | € 7,568,392 | € 1,149,104 | ▼ 85% |
| Total debts | € 1,037,228 | € 1,063,799 | € 756,423 | € 2,610,925 | ▲ 245% |
| Cash | € 2,463 | € 7,383 | € 92 | € 184 | ▲ 99% |
| Land & buildings | € 1,941,959 | € 1,736,115 | € 1,551,425 | € 1,342,776 | ▼ 13% |
| Retained profit | € 5,702,017 | € 6,478,837 | € 7,268,073 | € 874,440 | ▼ 88% |
| Dividend | € 0 | € 0 | € 0 | € 6,900,000 | |
| Balance sheet total | € 7,090,875 | € 7,868,610 | € 8,324,815 | € 3,760,029 | ▼ 55% |
| Employees (FTE) | 15.5 | 15.6 | 17.8 | 15 | ▼ 2.8 |
Key figures of HUGO WAFELS-GAUFRES HUGO, 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 HUGO WAFELS-GAUFRES HUGO?
What happened at HUGO WAFELS-GAUFRES HUGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frans Castelein stepped down as director. NBB
- Antony Popelier stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- Patrick Reekmans Consulting SRL stepped down as director. NBB
- Frans Castelein became a director. NBB
- Antony Popelier became a director. NBB
- Patrick Reekmans Consulting SRL became a director. NBB
- New establishment in Tubize. KBO
In short
From € 161,033 profit in 2022 to € 506,367 profit in 2025.
Paid € 748,033 in corporate taxes since 2022.
Best year ever: 2024, with € 789,236 profit.
On average € 117,900 of value added per employee in 2025.
A new publication or filing at HUGO WAFELS-GAUFRES HUGO? 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 SOFARDI, POLCAF comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HUGO WAFELS-GAUFRES HUGOThe shares are held by SOFARDI (100%) and POLCAF (100%).
Directors
According to the 2025 annual accounts
Frans Castelein
Director
Also active at: Koekjesfabriek Bekaert, DE REZE BISCUIT-CHOCOLATE, POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, ECO BISCUITS, POPPIES BAKERIES COMINES, National International Trading Company, POPPIES BAKERIES ERTVELDE +12 more
since 2023 · until 2029
Antony Popelier
Director
Also active at: Westlandia VZW, Koekjesfabriek Bekaert, MILCAMPS, DE REZE BISCUIT-CHOCOLATE, POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, POPPIES BAKERIES COMINES, National International Trading Company +12 more
since 2023 · until 2029
Patrick Reekmans Consulting SRL
Director · represented by Patrick Reekmans
Also active at: POPPIES BAKERIES ZONNEBEKE, POPPIES BAKERIES, DEPRO PROFILES, POPPIES BAKERIES COMINES, POPPIES BAKERIES ERTVELDE, POLCAF, POPPIES BAKERIES D'HAUBRY, POPPIES BAKERIES SUPPLY +2 more
since 2023 · until 2026
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Atelier 6
1480 Tubize
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Mail.com
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0473.743.050
- VAT number
- BE 0473.743.050
- Registered office
- Rue de l'Atelier 6, 1480 Tubize
- Names & denominations
- HUGO WAFELS-GAUFRES HUGO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 January 2001
- Peppol
- Active · Active since 2 Feb 2026
- Activities · NACE
Vervaardiging van beschuit en biscuit en van ander houdbaar banketbakkerswerk
Vervaardiging van beschuit en koekjes en ander houdbaar banketbakkerswerk
Vervaardiging van cacao, chocolade en suikerwerk
Groothandel in suiker, chocolade en suikerwerk