Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Lupa from Antwerpen, company number BE0825790791, closed financial year 2025 with a result of € -130,138 after tax. For that financial year Lupa recorded a gross margin of € -25,057 and equity of € 180,742. Compared with financial year 2024, the result moved from € 38,736 to € -130,138. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 21, 2026.
€ 180,742
▼ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -130,138
▼ still € 38,736 profit in 2024
Profit after tax over the fiscal year.
€ 50,000
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 179,742.
People and assets in 2025
€ 19,983
▲ 100% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 566,624
▲ 11% vs 2024
€ 61,697 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 5,120
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,345
▼ 90% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 172,117 | € 137,953 | € 144,824 | € -25,057 | ▼ € 169,882 |
| Profit after taxes | € 66,360 | € 46,615 | € 38,736 | € -130,138 | ▼ € 168,874 |
| Equity | € 225,528 | € 272,144 | € 310,880 | € 180,742 | ▼ 42% |
| Total debts | € 771,239 | € 778,722 | € 575,108 | € 668,648 | ▲ 16% |
| Cash | € 52,725 | € 50,008 | € 87,036 | € 50,000 | ▼ 43% |
| Land & buildings | € 572,678 | € 547,678 | € 522,678 | € 497,678 | ▼ 5% |
| Retained profit | € 224,528 | € 271,144 | € 309,880 | € 179,742 | ▼ 42% |
| Bank debt | € 632,029 | € 685,189 | € 512,553 | € 566,624 | ▲ 11% |
| Balance sheet total | € 996,768 | € 1,050,865 | € 885,988 | € 849,390 | ▼ 4% |
Key figures of Lupa, 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 Lupa?
What happened at Lupa in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 130,138 (▼ € 168,874 vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Thierry Broes became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 66,360 profit in 2022 to € 130,138 loss in 2025.
Paid € 85,607 in corporate taxes since 2022.
Best year ever: 2022, with € 66,360 profit.
Management
Behind Lupa is Thierry Broes. Thierry Broes is also behind BROES INGREDIENTS.
Directors
According to the 2025 annual accounts
since 2010
Establishments
Establishment units
Physical locations of this company
Lamorinièrestraat 125
2018 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0825.790.791
- VAT number
- BE 0825.790.791
- Registered office
- Lamorinièrestraat 125, 2018 Antwerpen
- Names & denominations
- Lupa
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 May 2010
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
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