Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 351.4 to 292.8.
Financials
Financial year 2025
Carpenter Engineered Foams Belgium from Machelen (Brab.), company number BE0780876031, closed financial year 2025 with a result of € -4.5 million after tax. For that financial year Carpenter Engineered Foams Belgium recorded revenue of € 59.1 million and equity of € 34.7 million. Compared with financial year 2024, the result moved from € -1.4 million to € -4.5 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 June 22, 2026.
€ 34.7 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.5 million
▼ 223 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.4 million.
People and assets in 2025
292.8
▼ 45.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 31.4 million
▼ 13% vs 2024
€ 107,200 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.
€ 462,288
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 44.4 million
▲ 38% vs 2024
Loans from banks and other lenders, long and short.
€ 5.6 million
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 5 million
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 77,823,899 | € 65,859,510 | € 59,128,572 | ▼ 10% |
| Profit after taxes | € 1,336,216 | € -1,401,373 | € -4,527,773 | ▼ € 3.1 million |
| Equity | € 40,670,179 | € 39,268,806 | € 34,741,033 | ▼ 12% |
| Total debts | € 81,509,373 | € 57,167,886 | € 56,693,079 | ▼ 1% |
| Cash | € 9,605,956 | - | - | |
| Land & buildings | € 43,461,585 | € 43,149,736 | € 42,357,713 | ▼ 2% |
| Retained profit | € 535,178 | € -866,195 | € -5,393,968 | ▼ € 4.5 million |
| Bank debt | € 57,072,568 | € 32,124,329 | € 44,405,852 | ▲ 38% |
| Balance sheet total | € 125,583,263 | € 99,497,173 | € 94,361,756 | ▼ 5% |
| Employees (FTE) | 351.4 | 338.7 | 292.8 | ▼ 45.9 |
Key figures of Carpenter Engineered Foams Belgium, fiscal years 2023 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 Carpenter Engineered Foams Belgium?
What happened at Carpenter Engineered Foams Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4.5 million. Source: NBB ↗
- Bradford Beauchamp became a director. NBB
- Frank Sander became a director. NBB
- Kurt Derieuw became a director. NBB
- Peter Muniz became a director. NBB
- New establishment in Machelen (Brab.). KBO
- New establishment in Wetteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.3 million profit in 2023 to € 4.5 million loss in 2025.
Paid € 1.8 million in corporate taxes since 2023.
Best year ever: 2023, with € 1.3 million profit.
Pays suppliers within 38 days on average.
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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 Carpenter Engineered Foams Belgium are Bradford Beauchamp, Frank Sander, Kurt Derieuw and Peter Muniz. The shares are held by Carpenter Europe BV (100%). It owns 0.1% of Carpenter Engineered Foams India Private Limited itself.
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023
Peter Muniz
Director
since 2023
Shareholders
100%
Participations
Carpenter Engineered Foams India Private Limited
0.1%
Establishments
Establishment units
Physical locations of this company
Culliganlaan 2 F
1831 Machelen (Brab.)
Culliganlaan 2F
1831 Machelen (Brab.)
Active since 25 January 2022
Damstraat 2
9230 Wetteren
Active since 25 January 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0780.876.031
- VAT number
- BE 0780.876.031
- Registered office
- Culliganlaan 2 F, 1831 Machelen (Brab.)
- Names & denominations
- Carpenter Engineered Foams Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2022
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- +3222820050
- Activities · NACE
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