What does FAGNES PELLETS do?

FAGNES PELLETS is a woodworking business in Couvin. Private Limited, started on 19 June 2014, 1 establishment.

What is the address of FAGNES PELLETS?

The registered office of FAGNES PELLETS is located at Rue du Karting 29, 5660 Couvin.

Is FAGNES PELLETS still active?

Yes. According to the CBE (30 October 2026) FAGNES PELLETS is active, legal situation “Normale toestand”, started on 19 June 2014.

Is FAGNES PELLETS registered on Peppol?

Yes, FAGNES PELLETS is registered on the Peppol network with ID 0208:0554697666.

What is the enterprise number of FAGNES PELLETS?

The enterprise number of FAGNES PELLETS is BE0554697666.

When was FAGNES PELLETS founded?

FAGNES PELLETS was founded on 19 June 2014.

Who are the directors of FAGNES PELLETS?

According to the 2025 annual accounts, the directors of FAGNES PELLETS are: VINCENT LEBEC, AFIPRET, PIERRE VANDENABEELE, MICHEL JOSZT, JOOS WEMEL, BRUNO HUBERT.

Is FAGNES PELLETS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 June 2014; 4 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did FAGNES PELLETS make in 2025?

FAGNES PELLETS posted a profit after taxes of € 298,378 in financial year 2025.

What is the revenue of FAGNES PELLETS?

As a small company, FAGNES PELLETS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,232,525.

How much does an employee at FAGNES PELLETS earn?

The average wage cost per full-time employee at FAGNES PELLETS was € 58,500 in 2025: staff costs of € 661,044 for 11.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does FAGNES PELLETS have?

According to the 2025 annual accounts, FAGNES PELLETS has 11.3 full-time equivalents (FTE).

Does FAGNES PELLETS have a website?

Yes, FAGNES PELLETS has a website at fagnespellets.eu.

FAGNES PELLETS (Private Limited) - Couvin - BE0554697666

Dossier FAGNES PELLETS, printed on 30 October 2026 from databakkes.be/en/0554697666/fagnes-pellets. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 36 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

FAGNES PELLETS from Couvin, company number BE0554697666, closed financial year 2025 with a result of € 298,378 after tax. For that financial year FAGNES PELLETS recorded a gross margin of € 1.2 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 1.2 million to € 298,378. The company is profitable. 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 January 29, 2026.

What it is worth Healthy

€ 4 million

▼ 15% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 298,378

▼ 75% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 131,126

▼ 94% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

11.3

▼ 0.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 661,044

▼ 3% vs 2024

€ 58,500 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.

Vehicles and equipment

€ 100,912

▼ 24% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 626,067

▲ 217% vs 2024

€ 76,799 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 518,997

▼ 6% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 123,811

▼ 7% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,547,915 Gross margin 2022: € 1,547,915 First fiscal year in the series	€ 3,903,565 Gross margin 2023: € 3,903,565 ▲ 152% vs 2022 (€ 1,547,915) Favourable step	€ 2,554,026 Gross margin 2024: € 2,554,026 ▼ 35% vs 2023 (€ 3,903,565) Unfavourable step	€ 1,232,525 Gross margin 2025: € 1,232,525 ▼ 52% vs 2024 (€ 2,554,026) Unfavourable step	▼ 52%
Profit after taxes	€ 475,699 Profit after taxes 2022: € 475,699 First fiscal year in the series	€ 2,193,118 Profit after taxes 2023: € 2,193,118 ▲ € 1.7 million vs 2022 (€ 475,699) Favourable step	€ 1,188,123 Profit after taxes 2024: € 1,188,123 ▼ 46% vs 2023 (€ 2,193,118) Unfavourable step	€ 298,378 Profit after taxes 2025: € 298,378 ▼ 75% vs 2024 (€ 1,188,123) Unfavourable step	▼ 75%
Equity	€ 1,810,652 Equity 2022: € 1,810,652 First fiscal year in the series	€ 4,003,770 Equity 2023: € 4,003,770 ▲ 121% vs 2022 (€ 1,810,652) Favourable step	€ 4,688,143 Equity 2024: € 4,688,143 ▲ 17% vs 2023 (€ 4,003,770) Favourable step	€ 3,986,522 Equity 2025: € 3,986,522 ▼ 15% vs 2024 (€ 4,688,143) Unfavourable step	▼ 15%
Total debts	€ 1,740,973 Total debts 2022: € 1,740,973 First fiscal year in the series	€ 3,319,589 Total debts 2023: € 3,319,589 ▲ 91% vs 2022 (€ 1,740,973) Unfavourable step	€ 889,009 Total debts 2024: € 889,009 ▼ 73% vs 2023 (€ 3,319,589) Favourable step	€ 2,399,007 Total debts 2025: € 2,399,007 ▲ 170% vs 2024 (€ 889,009) Unfavourable step	▲ 170%
Cash	€ 1,078,866 Cash 2022: € 1,078,866 First fiscal year in the series	€ 421,272 Cash 2023: € 421,272 ▼ 61% vs 2022 (€ 1,078,866) Unfavourable step	€ 2,140,239 Cash 2024: € 2,140,239 ▲ € 1.7 million vs 2023 (€ 421,272) Favourable step	€ 131,126 Cash 2025: € 131,126 ▼ 94% vs 2024 (€ 2,140,239) Unfavourable step	▼ 94%
Land & buildings	€ 607,671 Land & buildings 2022: € 607,671 First fiscal year in the series	€ 549,018 Land & buildings 2023: € 549,018 ▼ 10% vs 2022 (€ 607,671) Unchanged	€ 491,490 Land & buildings 2024: € 491,490 ▼ 10% vs 2023 (€ 549,018) Unchanged	€ 459,045 Land & buildings 2025: € 459,045 ▼ 7% vs 2024 (€ 491,490) Unchanged	▼ 7%
Retained profit	€ 510,652 Retained profit 2022: € 510,652 First fiscal year in the series	€ 2,703,770 Retained profit 2023: € 2,703,770 ▲ € 2.2 million vs 2022 (€ 510,652) Favourable step	€ 3,216,893 Retained profit 2024: € 3,216,893 ▲ 19% vs 2023 (€ 2,703,770) Favourable step	€ 2,515,272 Retained profit 2025: € 2,515,272 ▼ 22% vs 2024 (€ 3,216,893) Unfavourable step	▼ 22%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 1,000,000 Dividend 2025: € 1,000,000 Unchanged (€ 0) Unchanged
Bank debt	€ 1,131,579 Bank debt 2022: € 1,131,579 First fiscal year in the series	€ 429,436 Bank debt 2023: € 429,436 ▼ 62% vs 2022 (€ 1,131,579) Favourable step	€ 197,325 Bank debt 2024: € 197,325 ▼ 54% vs 2023 (€ 429,436) Favourable step	€ 626,067 Bank debt 2025: € 626,067 ▲ 217% vs 2024 (€ 197,325) Unfavourable step	▲ 217%
Balance sheet total	€ 3,551,625 Balance sheet total 2022: € 3,551,625 First fiscal year in the series	€ 7,323,359 Balance sheet total 2023: € 7,323,359 ▲ 106% vs 2022 (€ 3,551,625) Unchanged	€ 5,577,152 Balance sheet total 2024: € 5,577,152 ▼ 24% vs 2023 (€ 7,323,359) Unchanged	€ 6,385,529 Balance sheet total 2025: € 6,385,529 ▲ 14% vs 2024 (€ 5,577,152) Unchanged	▲ 14%
Employees (FTE)	10.7 Employees (FTE) 2022: 10.7 First fiscal year in the series	11.6 Employees (FTE) 2023: 11.6 ▲ 0.9 vs 2022 (10.7) Unchanged	11.6 Employees (FTE) 2024: 11.6 Unchanged (11.6) Unchanged	11.3 Employees (FTE) 2025: 11.3 ▼ 0.3 vs 2024 (11.6) Unchanged	▼ 0.3

Key figures of FAGNES PELLETS, 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 FAGNES PELLETS?

What happened at FAGNES PELLETS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jan 29, 2026 New annual accounts for financial year 2025: profit of € 298,378 (▼ 75% vs 2024). Source: NBB ↗
2024 VINCENT LEBEC became a director. NBB
2024 AFIPRET became a director. NBB
2024 PIERRE VANDENABEELE became a director. NBB
2024 MICHEL JOSZT became a director. NBB
2024 BRUNO HUBERT became a director. NBB
2019 JOOS WEMEL became a director. NBB
Jul 1, 2014 New establishment in Couvin. KBO

In short

From € 475,699 profit in 2022 to € 298,378 profit in 2025.

Paid € 1.5 million in corporate taxes since 2022.

Best year ever: 2023, with € 2.2 million profit.

On average € 109,100 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

VINCENT LEBEC AFIPRET PIERRE VANDENABEELE MICHEL JOSZT +2

FAGNES PELLETS

Behind FAGNES PELLETS are VINCENT LEBEC, AFIPRET, PIERRE VANDENABEELE, MICHEL JOSZT, JOOS WEMEL and BRUNO HUBERT.

Directors

According to the 2025 annual accounts

VINCENT LEBEC

Director

since 2024

AFIPRET

Managing director

since 2024

PIERRE VANDENABEELE

Director

since 2024

MICHEL JOSZT

Director

since 2024

JOOS WEMEL

Director

since 2019

BRUNO HUBERT

Director

since 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Karting 29

5660 Couvin

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS fagnespellets.eu

Technologies

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Hosting & Email

Email provider

one.com Mail

Hosting

ONECOM, DK

Domain

fagnespellets.eu

Registrar

One.com A/S

Website info

HTTPS Ja

Indexable pages 12

Features

Ads Contact page

Security

✓ HTTPS

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✗ DMARC

Network

✓ IPv6

Details

Company number

0554.697.666

VAT number

BE 0554.697.666

Registered office

Rue du Karting 29, 5660 Couvin

Names & denominations

FAGNES PELLETS

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

19 June 2014

Peppol

Active · Active since 18 Dec 2025

Contact

fagnespellets.eu

Activities · NACE

Zagen en schaven van hout

Vervaardiging van andere artikelen van hout

Exploitatie van bossen

View on CBE Public ↗ Annual accounts (NBB) ↗

FAGNES PELLETS

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Financials

What happened to FAGNES PELLETS?

Management

Directors

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Network

Details

Frequently asked questions