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 3 of the last 4 fiscal years.
Financials
Financial year 2025
The Cookware Company Europe from Gent, company number BE0635907452, closed financial year 2025 with a result of € 3.5 million after tax. For that financial year The Cookware Company Europe recorded revenue of € 46.4 million and equity of € -23.4 million. Compared with financial year 2023, the result moved from € -20.1 million to € 3.5 million. Profitable, and profit is growing. 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 June 24, 2026.
€ -23.4 million
▼ € 3 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.5 million
▲ still € 20.1 million loss in 2023
Profit after tax over the fiscal year.
€ 1.8 million
▼ 62% 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 € -24.4 million.
People and assets in 2025
73
▲ 5.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 6.8 million
▲ 19% vs 2023
€ 93,500 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.
€ 160,029
▼ 55% vs 2023
Of which on lease € 6,452.
Debts at end 2025
€ 42.1 million
▲ 4% vs 2023
Loans from banks and other lenders, long and short.
€ 57.1 million
▼ 3% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 489 days on average.
€ 2.9 million
▼ 1% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 73,546,591 | € 64,361,441 | € 49,304,782 | € 46,391,763 | ▼ 6% |
| Profit after taxes | € 1,607,867 | € -13,898,547 | € -20,140,091 | € 3,462,707 | ▲ € 23.6 million |
| Equity | € 13,593,056 | € -305,491 | € -20,445,582 | € -23,406,354 | ▼ € 3 million |
| Total debts | € 154,188,424 | € 125,019,696 | € 118,864,708 | € 114,455,834 | ▼ 4% |
| Cash | € 12,452,722 | € 5,516,812 | € 4,643,953 | € 1,757,568 | ▼ 62% |
| Retained profit | € 12,574,506 | € -1,324,041 | € -21,464,132 | € -24,424,904 | ▼ € 3 million |
| Bank debt | € 73,670,906 | € 8,970,557 | € 40,377,804 | € 42,106,544 | ▲ 4% |
| Balance sheet total | € 167,781,481 | € 124,714,206 | € 98,419,127 | € 91,049,480 | ▼ 7% |
| Employees (FTE) | 85.2 | 87 | 67.5 | 73 | ▲ 5.5 |
Key figures of The Cookware Company Europe, fiscal years 2021 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 The Cookware Company Europe?
What happened at The Cookware Company Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.5 million. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Jan Helskens became a director. NBB
- Wim De Veirman became a director. NBB
In short
From € 1.6 million profit in 2021 to € 3.5 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2021.
Best year ever: 2025, with € 3.5 million profit.
Management
Behind The Cookware Company Europe are Jan Helskens and Wim De Veirman. The shares are held by Cookware Company Holding America BV (100%). It owns 100% of Lumenflon S.P.A., 100% of The Cookware Company BV, 100% of BV Koninklijke Van Kempen & Begeer, 100% of Umformtechnik Merten & Storck GmbH and 99.9% of The Cookware Company France itself.
Directors
According to the 2025 annual accounts
Jan Helskens
Director
Also active at: FACTORY 1938, FRIZINI, Apollo Topco, Apollo Finco, Apollo Bidco, Apollo Midco, Jan Helskens Consulting, SOJA Investments +6 more
since 2015
Wim De Veirman
Director
Also active at: FRIZINI, Apollo Topco, Apollo Finco, Apollo Bidco, Apollo Midco, DV Investment Group, Plattoo Construct, Compagnie Des Nations +5 more
since 2015
Shareholders
Participations
Lumenflon S.P.A.
100%
The Cookware Company BV
100%
BV Koninklijke Van Kempen & Begeer
100%
Umformtechnik Merten & Storck GmbH
100%
The Cookware Company France
99.9%
Establishments
Establishment units
Physical locations of this company
Antoon Catriestraat 12
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Apollo Topco same network
€ 1.5 million revenue · 2025
Apollo Finco same network
€ 1.7 million revenue · 2025
Apollo Bidco same network
€ 6.3 million revenue · 2025
Apollo Midco same network
APOLLO BTW-EENHEID
+2 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
- 0635.907.452
- VAT number
- BE 0635.907.452
- Registered office
- Antoon Catriestraat 12, 9031 Gent
- Names & denominations
- The Cookware Company Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2015
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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