Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EPIMEDE from Liège, company number BE0634750380, closed financial year 2025 with a result of € -6.6 million after tax. Compared with financial year 2024, the result moved from € -7.2 million to € -6.6 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 11, 2025.
€ -6.4 million
▼ € 6.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.6 million
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 947,645
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16.8 million.
Debts at end 2025
€ 22.1 million
Loans from banks and other lenders, long and short.
€ 109,731
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 440
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 4,747,628 | € -1,647,788 | € -7,185,883 | € -6,588,410 | ▲ € 597,473 |
| Equity | € 9,009,365 | € 7,361,577 | € 175,694 | € -6,412,716 | ▼ € 6.6 million |
| Total debts | € 22,589,801 | € 23,222,557 | € 24,442,669 | € 25,522,475 | ▲ 4% |
| Cash | € 3,899,547 | € 2,182,503 | € 1,378,894 | € 947,645 | ▼ 31% |
| Retained profit | € -1,400,635 | € -3,048,423 | € -10,234,306 | € -16,822,716 | ▼ € 6.6 million |
| Bank debt | € 22,127,578 | € 22,127,578 | € 22,127,578 | € 22,127,578 | |
| Balance sheet total | € 31,599,166 | € 30,584,134 | € 24,618,363 | € 19,109,759 | ▼ 22% |
Key figures of EPIMEDE, 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 EPIMEDE?
What happened at EPIMEDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6.6 million. Source: NBB ↗
- NOSHAQ PARTNERS SRL stepped down as director. NBB
- Albert CORHAY stepped down as director. NBB
- ETHIAS SA stepped down as director. NBB
- SFPI SA stepped down as director. NBB
- BNP PARIBAS FORTIS PRIVATE EQUITY MANAGEMENT SA stepped down as director. NBB
- MMLB MANAGEMENT SRL stepped down as director. NBB
- MONUMENT ASSURANCE BELGIUM SA stepped down as director. NBB
In short
From € 4.7 million profit in 2022 to € 6.6 million loss in 2025.
Paid € 2 in corporate taxes since 2022.
Best year ever: 2022, with € 4.7 million profit.
Pays suppliers within 100 days on average.
A new publication or filing at EPIMEDE? 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 SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT, NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EPIMEDEThe shares are held by SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (20%) and NOSHAQ (19.7%). It owns 80% of HI TECH INVEST, 22.8% of WISHBONE, 16.5% of LASER ENGINEERING APPLICATIONS and 13.2% of ENDO TOOLS THERAPEUTICS itself.
Directors
According to the 2025 annual accounts
Director · represented by Eric BRANDT
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2020 · until 2025
Albert CORHAY
Director
since 2020 · until 2025
Director · represented by Effrosyni LEFKA
Also active at: ECETIA FINANCES, BEDRIJVENCENTRUM DE PUNT, DATASSUR, BEDRIJVENCENTRUM REGIO GERAARDSBERGEN, AQUALIS, ASSURCARD, UKOT Liège, ONDERNEMERSCENTRUM RONSE +1 more
since 2020 · until 2025
Director · represented by François FONTAINE
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +57 more
since 2020 · until 2025
BNP PARIBAS FORTIS PRIVATE EQUITY MANAGEMENT SA
Director · represented by Anne WAUTIER
Also active at: Finex, HET ANKER, A.M.B., Haco, PCSI, QUALITY ASSISTANCE, Stûv, GEMMA FRISIUS-FONDS KU LEUVEN +15 more
since 2020 · until 2025
Chairman of the board · represented by Marc MOLES LE BAILLY
since 2020 · until 2025
Director · represented by Stéphanie WILMOTTE
Also active at: INTEGROWN INVEST, ANATIS
since 2021 · until 2025
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Rue Lambert-Lombard 3
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →CAUTION MUTUELLE DES METIERS ET NEGOCES same network
SOGECOM same network
€ -151,456 gross margin · 2025
NOSHAQ same network
€ 9 million revenue · 2025
NOSHAQ IMMO
€ 2.6 million revenue · 2025
NOSHAQ VENTURE same network
€ 89,352 revenue · 2025
+30 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0634.750.380
- VAT number
- BE 0634.750.380
- Registered office
- Rue Lambert-Lombard 3, 4000 Liège
- Names & denominations
- EPIMEDE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 2015
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- [email protected] +3242216211