Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8.5 to 7.4.
Financials
Financial year 2024
CPF EUROPE from Waterloo, company number BE0477926324, closed financial year 2024 with a result of € -1.1 million after tax. For that financial year CPF EUROPE recorded revenue of € 30.6 million and equity of € 82 million. Compared with financial year 2023, the result moved from € 2.9 million to € -1.1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 18, 2025.
€ 82 million
▼ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ still € 2.9 million profit in 2023
Profit after tax over the fiscal year.
€ 5.5 million
▼ 51% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13.6 million.
People and assets in 2024
7.4
▼ 0.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 10% vs 2023
€ 135,900 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.
€ 134,242
▼ 3% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 12.5 million
▼ 34% vs 2023
Loans from banks and other lenders, long and short.
€ 3.8 million
▼ 33% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 1.6 million
▲ 2% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 17,981,296 | € 30,549,415 | € 31,699,552 | € 30,649,731 | ▼ 3% |
| Profit after taxes | € 1,129,109 | € 9,836,823 | € 2,869,396 | € -1,093,577 | ▼ € 4 million |
| Equity | € 70,365,799 | € 80,202,622 | € 83,072,018 | € 81,978,441 | ▼ 1% |
| Total debts | € 28,172,667 | € 36,851,766 | € 26,617,623 | € 18,182,977 | ▼ 32% |
| Cash | € 2,173,982 | € 4,606,555 | € 11,223,975 | € 5,497,902 | ▼ 51% |
| Retained profit | € -25,229,201 | € -15,392,378 | € -12,522,982 | € -13,616,559 | ▼ € 1.1 million |
| Bank debt | € 23,314,946 | € 26,346,900 | € 19,022,981 | € 12,534,597 | ▼ 34% |
| Balance sheet total | € 98,619,975 | € 117,151,783 | € 109,792,491 | € 100,274,951 | ▼ 9% |
| Employees (FTE) | 8.7 | 8.5 | 8 | 7.4 | ▼ 0.6 |
Key figures of CPF EUROPE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CPF EUROPE?
What happened at CPF EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ekpiya UA-WUTTHIKRERK stepped down as director. NBB
- Sujarit MAYALARP stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.1 million (▼ € 4 million vs 2023). filed late Source: NBB ↗
- Ekpiya UA-WUTTHIKRERK became a director. NBB
- Sujarit MAYALARP became a director. NBB
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2021 to € 1.1 million loss in 2024.
Paid € 7,844 in corporate taxes since 2021.
Best year ever: 2022, with € 9.8 million profit.
Pays suppliers within 45 days on average.
A new publication or filing at CPF EUROPE? 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
Behind CPF EUROPE are De-YI SHIH and Parinya KAARUNAYADHORN. It owns 100% of Westbridge Food Group Limited, 100% of CP Foods (UK) Limited and 95% of Paulsen Food GmbH itself.
Directors
According to the 2024 annual accounts
De-YI SHIH
Managing director
Parinya KAARUNAYADHORN
Director
Ekpiya UA-WUTTHIKRERK
Director
since 2023 · until 2029
Sujarit MAYALARP
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Avenue Belle Vue 17
1410 Waterloo
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
- 0477.926.324
- VAT number
- BE 0477.926.324
- Registered office
- Avenue Belle Vue 17, 1410 Waterloo
- Names & denominations
- CPF EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 2002
- Peppol
- Active · Active since 22 Oct 2025
- Activities · NACE
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