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EPCO

Active
Public limited companyfounded 201610 years activeRue du Bois des Hospices(BL) 3, 7522 Tournai, BelgiumKBO/BCE: BE 0656.915.969
Summary

EPCO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56.7m and a net result of €8.4m. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 55% of 818 sector peers (NACE 25, fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25120
#1 company by equity in Hainaut, Fabricated metal products sector1 site
Size
€48.1mturnover 2025
Staff
56.4 FTE
Equity
€56.7m
Profit
€8.4m
Financial health
92 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.2%
Structure
Parent
RE Panels 3 · 100%
Board
2 members
Holdings
2
Accounts filed 29 days late2 of 19 deeds read
Why 92- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)- Liquidity: current ratio 2.56, cash €5.7m, halved+ Size: turnover €48.1m, 56.4 FTE, total assets €112.7m+ Figures for FY 2025 (filed 29-08-2026)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 25, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 75-4
equity 50.4% of total assets
Liquidity 51-19
short-term debt 18.6% · cash 5.0%
Profitability 85=
return on assets 7.4%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (134 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: < 0.1%▼ -0.1 percentage points vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%▲ +0.1 percentage points vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit up to €4,800,000 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.99 in 2024; short-term debt: 18.6% and cash: 5% of total assets), and 49.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, medium-sized): better than 67% on solvency, 76% on liquidity, 86% on profitability and 30% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €48.1m, 56.4 FTE, total assets €112.7m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · Liquidity: current ratio 2.56, cash €5.7m, halved
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 29-08-2026)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €56.7m
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filings
Deviation from the deadline
2025
29 days late
2024
13 days early
2023
23 days early
2022
27 days early
2021
18 days early
2020
10 days early
2019
68 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: LBA Advisory BV (director)Appointment: LBA Advisory BV (director)…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Resignation: Massimo Cassinari (director)Appointment: Nicolas Louveaux (director) ·…

Key points

  • Positive: Company by equity in Hainaut, Fabricated metal products…in the Checked rankings #1 View
  • Board changedlatest change 07-10-2026 · 2 in office 2 joined · 1 left View
  • Controlled by RE Panels 3known shareholders 100% 100% View
  • Positive: 6 profitable years in a rowprofit 2025: €8.4m 6 years View

By topic

Financials

Fiscal year
2025
Turnover
€48.1m
Profit
€8.4m
Solvency
50.4%
Turnover▼ 17.3%
Net result
20182025
Go to Financials

Timeline

Events
17
Since
2019
Next accounts
by 31-07-2027
  1. 18-07-2025Annual accounts filed
  2. 31-12-2024Equity above €50m
  3. 08-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25120
Founded
23-06-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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