Financials
Financial year 2025
EPCO from Tournai, company number BE0656915969, closed financial year 2025 with a result of € 8.4 million after tax. For that financial year EPCO recorded revenue of € 48.1 million and equity of € 56.7 million. Compared with financial year 2024, the result moved from € 7.1 million to € 8.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 56.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.4 million
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 5.7 million
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 7 million paid out
83 % of the profit went to the shareholders, mostly to RE PANELS 3 (100 % of the shares). That is where the money ends up.
People and assets in 2025
56.4
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▲ 6% vs 2024
€ 68,300 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.
€ 158,359
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 28 million
Loans from banks and other lenders, long and short.
€ 8.4 million
▲ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 7 million
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 69,983,789 | € 58,337,091 | € 58,145,763 | € 48,079,652 | ▼ 17% |
| Profit after taxes | € 3,502,924 | € 4,901,333 | € 7,114,882 | € 8,390,319 | ▲ 18% |
| Equity | € 47,916,685 | € 48,250,220 | € 55,357,358 | € 56,740,116 | ▲ 2% |
| Total debts | € 53,236,148 | € 53,927,570 | € 47,685,464 | € 55,931,991 | ▲ 17% |
| Cash | € 10,998,568 | € 12,856,992 | € 18,056,394 | € 5,653,750 | ▼ 69% |
| Land & buildings | € 1,932,568 | € 1,732,704 | € 1,518,866 | € 1,433,037 | ▼ 6% |
| Retained profit | € 1,991,067 | € 2,325,678 | € 9,440,560 | € 10,830,879 | ▲ 15% |
| Dividend | € 8,118,094 | € 4,566,723 | € 0 | € 7,000,000 | |
| Bank debt | € 28,000,000 | € 28,000,000 | € 28,000,000 | € 28,000,000 | |
| Balance sheet total | € 101,152,833 | € 102,177,790 | € 103,042,822 | € 112,672,106 | ▲ 9% |
| Employees (FTE) | 48.8 | 52.6 | 55.6 | 56.4 | ▲ 0.8 |
Key figures of EPCO, 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 EPCO?
What happened at EPCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nicolas LOUVEAUX stepped down as director. NBB
- Luc DE DEYGERE stepped down as director. NBB
- François GLASSET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8.4 million (▲ 18% vs 2024). filed late Source: NBB ↗
- Massimo CASSINARI stepped down as director. NBB
- Nicolas LOUVEAUX became a director. NBB
- Massimo CASSINARI became a director. NBB
- Luc DE DEYGERE became a director. NBB
In short
From € 3.5 million profit in 2022 to € 8.4 million profit in 2025.
Paid € 11.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 8.4 million profit.
Paid out € 19.7 million in dividends to the owners in total.
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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 shares are held by RE PANELS 3 (100%). It owns 100% of TECSEDO S.A. and 100% of POMAREZ SP ZOO itself.
Directors
According to the 2025 annual accounts
since 2021 · until 2026
since 2021 · until 2027
François GLASSET
Administrateur
since 2021 · until 2027
Nicolas LOUVEAUX
Administrateur
since 2026 · until 2031
Shareholders
100%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Rue du Bois des Hospices(BL) 3
7522 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0656.915.969
- VAT number
- BE 0656.915.969
- Registered office
- Rue du Bois des Hospices(BL) 3, 7522 Tournai
- Names & denominations
- EPCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2016
- Peppol
- Active · Active since 10 Nov 2025
- Contact
- epco.be
- Activities · NACE
Vervaardiging van metalen deuren en vensters