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Epsilon Cities

Active
Public limited companyfounded 1999active for 27 yearsIndustrieterrein Kanaal-Noord 1159, 3960 Bree, BelgiumKBO/BCE: BE 0465.582.182
Summary

Epsilon Cities has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84.4m and a net result of €66.4m. Equity has been growing by about 9.8% per year since 2018. Its solvency ranks better than 95% of 3,863 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 04-03-1999 Normal situation
Activity
Business and other management consultancy NACE 70200
Establishment unit
2.092.088.377 3960 Bree, since 03-09-1999
Financial year end
31 December
Peppol
Reachable since 23-09-2025

Board and ownership

Board
and 1 other
Auditor
BV MOORE AUDIT
Holdings
Shares in 2 companies EPSILON and Berlichingen Immobilienverwaltungs Gmbh

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€431,446
▼ 34.8%
Turnover
≈ €650,000
estimated
Profit
€66.4m
▲ 27×
Equity
€84.4m
▲ 370%
Total assets
€84.5m
▲ 315%
Staff
≈ 0 FTE
estimated
  • 2025 accounts filed 13 days after the deadline
Net result +2,558%: other schema
Score breakdownraises riskLiquidity: current ratio 451.31, cash €2.5mlowers riskSize: total assets €84.5mSector: Activities of head offices; management consultancy activities (NACE 70)Equity €84.4m (99.8% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 88% of large companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 99.8% of total assets
Liquidity 54-22
short-term debt 0.2% · cash 2.9%
Profitability 87+42
return on assets 78.6%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (204 companies, NACE 70, large)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.3 percentage points 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%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged 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: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €8,250,000 on 30-day terms is acceptable
Short-term debt is 0.2% and cash 2.9% of total assets. 0.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 70, large). It does better than 75% of them on solvency, 86% on liquidity, 96% on profitability and 95% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €84.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 451.31, cash €2.5m
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Equity €84.4m (99.8% of total assets)
NBB · annual accounts
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
13 days late
2024
14 days early
2023
16 days early
2022
11 days early
2021
16 days early
2020
15 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025different schema filed ▲ 27× View
  • Positive: Largest company by equity in Breein the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €66.4m 8 years View
  • Heads a groupcompanies controlled 4 View

Recent changes

  1. · Gazette deed Appointment: Moore Audit BV (statutory auditor)
  2. · Gazette deed Reappointments: Daniëlle Vandormael (director) and Dirk Gorré (director)
  3. · Gazette deed Company renamed from D.G. INVEST to Epsilon CitiesRegistered office moved from Peer to Bree · Appointments: VANDORMAEL Danielle Rosalia (class A director) and GORRÉ Dirk Jan Maurits (class B director)
All 17 events

Comparable companies

These companies have the same main activity as Epsilon Cities: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €52m and €115m, founded between 1992 and 2004.

CompanyTotal assetsGross margin
Epsilon Cities Bree€84.5m€0.4m
EXCELLENCE CONSULTING Sint-Martens-Latem€79.2m€0.6m
DE POPULIER Zoersel€112.4m€0.4m
TENSOR CAPITAL MANAGEMENT Sint-Lambrechts-Woluwe€96.4m€0.5m
S P R I N G Schoten€111.7m€0.3m
VEHO Izegem€114.9m€0.3m
OPCO Sint-Niklaas€52.3m€0.3m
Full comparison

Key facts about Epsilon Cities

What is the company number of Epsilon Cities?
The company number of Epsilon Cities is 0465.582.182. The VAT number is the same number with BE in front: BE 0465.582.182.
Where is Epsilon Cities based?
The registered office is at Industrieterrein Kanaal-Noord 1159, 3960 Bree.Company details
What does Epsilon Cities do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of Epsilon Cities?
The legal form of Epsilon Cities is Public limited company (NV).
When was Epsilon Cities founded?
Epsilon Cities was founded on 04-03-1999.
Is Epsilon Cities still active?
Yes, Epsilon Cities is an active enterprise in the KBO register.
What is the turnover of Epsilon Cities?
The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €431,446 and 74 comparable companies (NACE 70200). It probably lies between €510,000 and €1.2m. In financial year 2019 turnover was €546,406.Financials
Is Epsilon Cities profitable?
In financial year 2025, Epsilon Cities made a profit of €66.4m.
Where can I find the annual accounts of Epsilon Cities?
Epsilon Cities filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Epsilon Cities due?
Epsilon Cities must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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