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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FROMUNION from Elsene, company number BE0888881868, closed financial year 2025 with a result of € -773,286 after tax. For that financial year FROMUNION recorded revenue of € 36.3 million and equity of € 12.9 million. Compared with financial year 2024, the result moved from € -768,018 to € -773,286. 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 July 22, 2026.
€ 12.9 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -773,286
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 51,260
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.8 million.
People and assets in 2025
94.9
▼ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7 million
▲ 1% vs 2024
€ 74,000 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.
€ 43,467
▲ € 42,578 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.5 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 1.1 million
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 40,690,497 | € 34,088,535 | € 34,997,371 | € 36,266,558 | ▲ 4% |
| Profit after taxes | € 131,589 | € -3,395,777 | € -768,018 | € -773,286 | ▼ € 5,268 |
| Equity | € 17,789,222 | € 14,393,445 | € 13,625,428 | € 12,852,142 | ▼ 6% |
| Total debts | € 6,549,999 | € 5,926,012 | € 6,545,334 | € 7,763,655 | ▲ 19% |
| Cash | € 27,667 | € 32,079 | € 213,939 | € 51,260 | ▼ 76% |
| Land & buildings | € 4,506,163 | € 4,335,921 | € 4,043,241 | € 3,762,850 | ▼ 7% |
| Retained profit | € 7,745,722 | € 4,349,945 | € 3,581,928 | € 2,808,642 | ▼ 22% |
| Dividend | € 502,200 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 24,340,887 | € 20,319,458 | € 20,170,762 | € 20,615,797 | ▲ 2% |
| Employees (FTE) | 105.7 | 103.7 | 100.8 | 94.9 | ▼ 5.9 |
Key figures of FROMUNION, 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 FROMUNION?
What happened at FROMUNION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 773,286. Source: NBB ↗
- Eufipar SA stepped down as director. NBB
- Yves Barbier stepped down as director. NBB
- Olivier DELAMEA stepped down as director. NBB
- Alex BONGRAIN stepped down as director. NBB
- Emmanuel ALEXIS stepped down as director. NBB
- Eufipar SA became a director. NBB
- Yves Barbier became a director. NBB
In short
From € 131,589 profit in 2022 to € 773,286 loss in 2025.
Paid € 582,450 in corporate taxes since 2022.
Best year ever: 2022, with € 131,589 profit.
Paid out € 502,200 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 SAVENCIA Fromage & Dairy Benelux SA (100%) and SAVENCIA SA (0%).
Directors
According to the 2025 annual accounts
Alex BONGRAIN
Director
since 2007 · until 2025
Emmanuel ALEXIS
Director
since 2020 · until 2025
Director · represented by Pierre Ragnet
Also active at: S.B. MANAGEMENT AND SERVICES, COURONNE GESTION, S.B. International
since 2025 · until 2026
Yves Barbier
Director
since 2025 · until 2026
since 2022 · until 2026
Shareholders
SAVENCIA SA
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kroonlaan 6
1050 Elsene
Statiestraat 111
8980 Zonnebeke
Active since 29 June 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0888.881.868
- VAT number
- BE 0888.881.868
- Registered office
- Kroonlaan 6, 1050 Elsene
- Names & denominations
- FROMUNION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 2007
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van zuivelproducten
Zuivelfabrieken en kaasmakerijen
Groothandel in zuivelproducten, eieren, spijsoliën en -vetten
Detailhandel in zuivelproducten en eieren
Groothandel in zuivelproducten en eieren
Detailhandel in zuivelproducten en eieren in gespecialiseerde winkels