COUPLET SUGARS

Active

Public limited companyfounded 193393 yrs activeRue de la Sucrerie(W-V) 30, 7620 Brunehaut, BelgiumKBO/BCE: BE 0405.859.975

Summary

COUPLET SUGARS has been active since 1933 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27.3m and a net result of €2.8m. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 89% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

COUPLET SUGARSActiveChecked score 83/100

Risk analysis Report Compare

Checked score

Score 2025

83 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability72▲+4

Solvency100=

Growth57▼-17

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2,000,000 at 30 days acceptable

Liquidity ample (current ratio 3.23 against 3.95 in 2024; short-term debt: 17.4% and cash: 11.2% of total assets), and 18.7% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

81.3%

Return on assets

8.4%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Manufacture of food products (NACE 10)

about 60% more bankruptcies

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

52 d early

2024

34 d early

2023

33 d early

2022

52 d early

2021

59 d early

2020

54 d early

2019

36 d early

← 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 46 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)

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 9 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

29-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 18 July 1933, COUPLET SUGARS was incorporated.¹ In 2006 the capital was increased by EUR 71.² The name was changed to COUPLET SUGARS in 2018.³ Of the 11 current board members, COUPLET Grégoire has served longest, since 2011.⁴ Revenue went from EUR 26 million in 2018 to EUR 40 million in 2025 and headcount from 64.8 to 74.1 full-time equivalents.⁵

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Financials · fiscal year 2025, full schema

In the rankings #1 oldest company in Hainaut, Food products sector #1 employer in Brunehaut #1 company by total assets in Brunehaut

Turnover

€39.6m▼ 13.4%

2024 · €45.7m

EBIT margin

2.7%▲ 0.7pp

2024 · 2.1%

Net result

€2.8m▲ 53.2%

2024 · €1.8m

Working capital

€13.0m▼ 20.4%

2024 · €16.3m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover€31.1m▲ 27.3%€35.7m▲ 14.8%€46.4m▲ 30.0%€45.7m▼ 1.5%€39.6m▼ 13.4%

Operating result€177,378€1.1m▲ 539%€802,075▼ 29.3%€944,090▲ 17.7%€1.1m▲ 14.3%

Net result€683,866€1.0m▲ 48.2%€1.2m▲ 14.2%€1.8m▲ 58.3%€2.8m▲ 53.2%

EBIT margin0.6%▲ 3.7pp3.2%▲ 2.6pp1.7%▼ 1.5pp2.1%▲ 0.3pp2.7%▲ 0.7pp

Equity€30.6m▼ 1.1%€30.6m=€30.8m▲ 1.0%€31.6m▲ 2.5%€27.3m▼ 13.7%

Total assets€36.5m▼ 1.5%€37.2m▲ 1.8%€37.6m▲ 0.9%€37.6m▲ 0.1%€33.6m▼ 10.7%

Debt€5.6m▼ 4.1%€6.3m▲ 12.2%€6.4m▲ 0.9%€5.7m▼ 11.1%€6.0m▲ 5.9%

Working capital€12.8m▲ 1.9%€14.9m▲ 16.6%€15.9m▲ 6.9%€16.3m▲ 2.6%€13.0m▼ 20.4%

Solvency83.6%▲ 0.4pp82.1%▼ 1.5pp82.1%=84.1%▲ 2.0pp81.3%▼ 2.8pp

Current ratio3.40▼ 0.333.42▲ 0.023.55▲ 0.133.95▲ 0.413.23▼ 0.73

Return on assets (ROA)1.9%▲ 2.1pp2.7%▲ 0.9pp3.1%▲ 0.4pp4.9%▲ 1.8pp8.4%▲ 3.5pp

Staff (FTE)70.7▲ 2.0%74.9▲ 5.9%74.1▼ 1.1%72.1▼ 2.7%74.1▲ 2.8%

above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €33.6m

43.9%

56.1%

Fixed assets €14.7m ▼ 6.3%

Current assets €18.8m ▼ 13.8%

Equity and liabilities €33.6m

81.3%

17.9%

Equity €27.3m ▼ 13.7%

Provisions €285,330 ▼ 10.5%

Debt €6.0m ▲ 5.9%

Debt's share of the balance-sheet total rises from 15.1% to 17.9%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€3.7m▼

2024 · €3.8m

Cash flow

€5.4m▲

2024 · €4.6m

Quick ratio

2.71▼

2024 · 3.39

Debt to equity

0.22▲

2024 · 0.18

ROE

10.3%▲

2024 · 5.8%

Interest coverage

19.42▼

2024 · 34.23

Debt ≤ 1 year

€5.8m▲

2024 · €5.5m

Income taxes

€756,416▲

2024 · €276,952

Staff costs

€6.3m▼

2024 · €6.4m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

Medium-sized
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

0.1% went bankrupt

3.1% stopped otherwise

97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	1.0%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.9%
9	3.0%	3.1%
10	5.6%	6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 99 lines

Balance sheet Code20242025

Assets

Total assets20/58€37.6m€33.6m▼

Fixed assets21/28€15.7m€14.7m▼

Tangible fixed assets22/27€15.7m€14.7m▼

Land and buildings22€6.9m€6.2m▼

Plant, machinery and equipment23€7.2m€6.8m▼

Furniture and vehicles24€1.6m€1.7m▲

Other tangible fixed assets26€0-

Financial fixed assets28€4,026€3,902▼

Affiliated companies280/1-€602

Participating interests280-€602

Participating interests282€0-

Amounts receivable283€0-

Other financial fixed assets284/8€4,026€3,300▼

Shares284€602-

Amounts receivable and cash guarantees285/8€3,424€3,300▼

Current assets29/58€21.9m€18.8m▼

Stocks and contracts in progress3€3.1m€3.0m▼

Stocks30/36€3.1m€3.0m▼

Raw materials and consumables30/31€1.2m€1.1m▼

Finished goods33€1.8m€1.7m▼

Goods purchased for resale34€126,970€120,912▼

Amounts receivable within one year40/41€4.0m€4.1m▲

Trade receivables40€3.6m€3.8m▲

Other amounts receivable41€433,535€370,510▼

Current investments50/53€11.1m€7.7m▼

Other investments51/53€11.1m€7.7m▼

Cash at bank and in hand54/58€3.3m€3.8m▲

Deferred charges and accrued income490/1€444,209€209,597▼

Equity and liabilities

Total equity and liabilities10/49€37.6m€33.6m▼

Equity10/15€31.6m€27.3m▼

Contributions10/11€1.9m€1.9m=

Capital10€1.9m€1.9m=

Issued capital100€1.9m€1.9m=

Revaluation surpluses12€13,757€13,757=

Reserves13€23.0m€16.4m▼

Non-distributable reserves130/1€523,312€523,312=

Legal reserve130€434,493€434,493=

Reserves not available under the articles1311-€88,819

Other1319€88,819-

Tax-exempt reserves132€2.1m€2.1m▼

Distributable reserves133€20.4m€13.8m▼

Profit (loss) carried forward14€5.5m€7.4m▲

Investment grants15€1.2m€1.6m▲

Provisions and deferred taxes16€318,705€285,330▼

Provisions for liabilities and charges160/5€274,389€244,389▼

Major repairs and maintenance162€274,389€244,389▼

Deferred taxes168€44,317€40,942▼

Amounts payable17/49€5.7m€6.0m▲

Amounts payable within one year42/48€5.5m€5.8m▲

Trade debts44€3.2m€3.1m▼

Suppliers440/4€3.2m€3.1m▼

Advances received on contracts in progress46€114,697€64,041▼

Taxes, remuneration and social security45€1.4m€1.7m▲

Taxes450/3€204,749€582,586▲

Remuneration and social security454/9€1.2m€1.1m▼

Other amounts payable47/48€833,043€953,126▲

Accrued charges and deferred income492/3€128,865€158,918▲

Income statement Code20242025

Operating income70/76A€46.1m€40.3m▼

Turnover70€45.7m€39.6m▼

Change in stocks of work in progress, finished goods and contracts in progress71-€215,579-€3,538▲

Own construction capitalised72€243,907€307,663▲

Other operating income74€352,107€375,192▲

Operating charges60/66A€45.1m€39.2m▼

Goods for resale, raw materials and consumables60€29.9m€23.6m▼

Purchases600/8€29.7m€23.5m▼

Change in stocks: decrease (increase)609€182,129€79,072▼

Services and other goods61€5.9m€6.5m▲

Remuneration, social security and pensions62€6.4m€6.3m▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.8m€2.6m▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€7,147

Provisions for liabilities and charges: additions (uses and reversals)635/8-€24,790-€30,000▼

Other operating charges640/8€181,839€206,476▲

Operating profit (loss)9901€944,090€1.1m▲

Financial income75/76B€1.3m€2.7m▲

Recurring financial income75€1.3m€2.7m▲

Income from financial fixed assets750€101,124€157,010▲

Other financial income752/9€1.2m€2.5m▲

Financial charges65/66B€110,694€192,800▲

Recurring financial charges65€109,651€188,914▲

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€3,694€23,877▲

Other financial charges652/9€113,344€165,037▲

Non-recurring financial charges66B€1,044€3,886▲

Profit (loss) for the period before taxes9903€2.1m€3.6m▲

Transfer from deferred taxes780€3,375€3,375=

Income taxes67/77€276,952€756,416▲

Taxes670/3€279,767€778,740▲

Tax adjustments and reversals of tax provisions77€2,816€22,324▲

Profit (loss) for the period9904€1.8m€2.8m▲

Transfer from tax-exempt reserves789€10,125€10,125=

Profit (loss) for the period to be appropriated9905€1.8m€2.8m▲

Appropriation of the result

Profit (loss) to be appropriated9906€6.4m€8.3m▲

Profit (loss) brought forward from the previous period14P€4.6m€5.5m▲

Transfer from equity791/2-€6.6m

From reserves792-€6.6m

Transfer to equity691/2-€0

Shareholders' contribution to the loss794-€0

Profit to be distributed694/7€912,230€7.5m▲

Return on contributions (dividend)694€912,230€7.5m▲

Social balance

Average headcount (FTE)908772.174.1▲

The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Operating income70/76A	€31.2m	€37.1m	€47.0m	€46.1m	€40.3m	▼ 12.6%
Turnover70	€31.1m	€35.7m	€46.4m	€45.7m	€39.6m	▼ 13.4%
Change in stocks of work in progress, finished goods and contracts in progress71	-€413,051	€965,352	€14,361	-€215,579	-€3,538	▲ 98.4%
Own construction capitalised72	€114,675	€127,689	€228,161	€243,907	€307,663	▲ 26.1%
Other operating income74	€408,249	€356,216	€337,407	€352,107	€375,192	▲ 6.6%
Non-recurring operating income76A	€8,054	-	-	-	-	-
Operating charges60/66A	€31.0m	€36.0m	€46.2m	€45.1m	€39.2m	▼ 13.2%
Goods for resale, raw materials and consumables60	€17.0m	€21.6m	€31.5m	€29.9m	€23.6m	▼ 21.2%
Purchases600/8	€16.8m	€22.1m	€31.5m	€29.7m	€23.5m	▼ 21.0%
Change in stocks: decrease (increase)609	€137,617	-€495,185	-€72,466	€182,129	€79,072	▼ 56.6%
Services and other goods61	€5.1m	€6.0m	€5.4m	€5.9m	€6.5m	▲ 11.4%
Remuneration, social security and pensions62	€5.3m	€5.1m	€6.2m	€6.4m	€6.3m	▼ 1.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€3.6m	€3.3m	€2.9m	€2.8m	€2.6m	▼ 7.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	-	-	-€7,147	-
Provisions for liabilities and charges: additions (uses and reversals)635/8	€15,285	€2,574	-	-€24,790	-€30,000	▼ 21.0%
Other operating charges640/8	€72,293	€104,516	€134,944	€181,839	€206,476	▲ 13.5%
Operating profit (loss)9901	€177,378	€1.1m	€802,075	€944,090	€1.1m	▲ 14.3%
Financial income75/76B	€606,906	€492,271	€726,760	€1.3m	€2.7m	▲ 110%
Recurring financial income75	€606,906	€487,603	€724,660	€1.3m	€2.7m	▲ 110%
Income from financial fixed assets750	€49,541	€75,111	€72,687	€101,124	€157,010	▲ 55.3%
Other financial income752/9	€557,365	€412,492	€651,973	€1.2m	€2.5m	▲ 115%
Non-recurring financial income76B	-	€4,668	€2,100	-	-	-
Financial charges65/66B	€101,612	€263,463	€77,205	€110,694	€192,800	▲ 74.2%
Recurring financial charges65	€101,612	€163,422	€75,591	€109,651	€188,914	▲ 72.3%
Debt charges650	€6,233	€2,583	€77	-	-	-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651	€8,084	€61,847	-€65,832	-€3,694	€23,877	▲ 746%
Other financial charges652/9	€87,295	€98,991	€141,346	€113,344	€165,037	▲ 45.6%
Non-recurring financial charges66B	-	€100,041	€1,614	€1,044	€3,886	▲ 272%
Profit (loss) for the period before taxes9903	€682,671	€1.4m	€1.5m	€2.1m	€3.6m	▲ 69.0%
Transfer from deferred taxes780	€3,375	€3,375	€3,375	€3,375	€3,375	=
Income taxes67/77	€2,180	€353,071	€298,159	€276,952	€756,416	▲ 173%
Taxes670/3	€5,494	€353,090	€298,159	€279,767	€778,740	▲ 178%
Tax adjustments and reversals of tax provisions77	€3,314	€19	-	€2,816	€22,324	▲ 693%
Profit (loss) for the period9904	€683,866	€1.0m	€1.2m	€1.8m	€2.8m	▲ 53.2%
Transfer from tax-exempt reserves789	€10,125	€10,125	€10,125	€10,125	€10,125	=
Profit (loss) for the period to be appropriated9905	€693,991	€1.0m	€1.2m	€1.8m	€2.8m	▲ 52.9%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€36.5m	€37.2m	€37.6m	€37.6m	€33.6m	▼ 10.7%
Fixed assets21/28	€18.4m	€16.2m	€15.4m	€15.7m	€14.7m	▼ 6.3%
Tangible fixed assets22/27	€18.3m	€16.1m	€15.4m	€15.7m	€14.7m	▼ 6.3%
Land and buildings22	€9.0m	€8.2m	€7.5m	€6.9m	€6.2m	▼ 10.0%
Plant, machinery and equipment23	€7.9m	€6.6m	€6.5m	€7.2m	€6.8m	▼ 5.0%
Furniture and vehicles24	€1.5m	€1.3m	€1.4m	€1.6m	€1.7m	▲ 3.6%
Other tangible fixed assets26	€241	€89	€0	€0	-	-
Financial fixed assets28	€104,068	€4,026	€4,026	€4,026	€3,902	▼ 3.1%
Affiliated companies280/1	-	-	-	-	€602	-
Participating interests280	-	-	-	-	€602	-
Companies linked by participating interests282/3	€100,041	€0	-	-	-	-
Participating interests282	€75,041	€0	€0	€0	-	-
Amounts receivable283	€25,000	€0	€0	€0	-	-
Other financial fixed assets284/8	€4,026	€4,026	€4,026	€4,026	€3,300	▼ 18.0%
Shares284	€602	€602	€602	€602	-	-
Amounts receivable and cash guarantees285/8	€3,424	€3,424	€3,424	€3,424	€3,300	▼ 3.6%
Current assets29/58	€18.1m	€21.1m	€22.2m	€21.9m	€18.8m	▼ 13.8%
Stocks and contracts in progress3	€1.9m	€3.4m	€3.5m	€3.1m	€3.0m	▼ 2.7%
Stocks30/36	€1.9m	€3.4m	€3.5m	€3.1m	€3.0m	▼ 2.7%
Raw materials and consumables30/31	€904,198	€1.4m	€1.4m	€1.2m	€1.1m	▼ 6.0%
Finished goods33	€986,123	€2.0m	€2.0m	€1.8m	€1.7m	▼ 0.2%
Goods purchased for resale34	€58,301	€12,329	€143,325	€126,970	€120,912	▼ 4.8%
Amounts receivable within one year40/41	€4.0m	€4.7m	€4.7m	€4.0m	€4.1m	▲ 3.4%
Trade receivables40	€3.7m	€4.4m	€4.4m	€3.6m	€3.8m	▲ 5.6%
Other amounts receivable41	€293,915	€266,358	€287,588	€433,535	€370,510	▼ 14.5%
Current investments50/53	€6.9m	€10.9m	€12.0m	€11.1m	€7.7m	▼ 30.1%
Other investments51/53	€6.9m	€10.9m	€12.0m	€11.1m	€7.7m	▼ 30.1%
Cash at bank and in hand54/58	€4.9m	€1.7m	€1.5m	€3.3m	€3.8m	▲ 14.6%
Deferred charges and accrued income490/1	€297,927	€381,114	€452,890	€444,209	€209,597	▼ 52.8%
Equity and liabilities
Total equity and liabilities10/49	€36.5m	€37.2m	€37.6m	€37.6m	€33.6m	▼ 10.7%
Equity10/15	€30.6m	€30.6m	€30.8m	€31.6m	€27.3m	▼ 13.7%
Contributions10/11	€1.9m	€1.9m	€1.9m	€1.9m	€1.9m	=
Capital10	€1.9m	€1.9m	€1.9m	€1.9m	€1.9m	=
Issued capital100	€1.9m	€1.9m	€1.9m	€1.9m	€1.9m	=
Revaluation surpluses12	€13,757	€13,757	€13,757	€13,757	€13,757	=
Reserves13	€23.0m	€23.0m	€23.0m	€23.0m	€16.4m	▼ 28.6%
Non-distributable reserves130/1	€523,312	€523,312	€523,312	€523,312	€523,312	=
Legal reserve130	€434,493	€434,493	€434,493	€434,493	€434,493	=
Reserves not available under the articles1311	-	-	-	-	€88,819	-
Other1319	€88,819	€88,819	€88,819	€88,819	-	-
Tax-exempt reserves132	€2.1m	€2.1m	€2.1m	€2.1m	€2.1m	▼ 0.5%
Distributable reserves133	€20.4m	€20.4m	€20.4m	€20.4m	€13.8m	▼ 32.3%
Profit (loss) carried forward14	€3.8m	€4.1m	€4.6m	€5.5m	€7.4m	▲ 34.7%
Investment grants15	€1.9m	€1.5m	€1.4m	€1.2m	€1.6m	▲ 29.4%
Provisions and deferred taxes16	€351,046	€350,245	€346,870	€318,705	€285,330	▼ 10.5%
Provisions for liabilities and charges160/5	€296,605	€299,179	€299,179	€274,389	€244,389	▼ 10.9%
Pensions and similar obligations160	€1,070	-	-	-	-	-
Major repairs and maintenance162	€295,534	€299,179	€299,179	€274,389	€244,389	▼ 10.9%
Deferred taxes168	€54,442	€51,067	€47,692	€44,317	€40,942	▼ 7.6%
Amounts payable17/49	€5.6m	€6.3m	€6.4m	€5.7m	€6.0m	▲ 5.9%
Amounts payable after more than one year17	€166,667	-	-	-	-	-
Financial debts170/4	€166,667	-	-	-	-	-
Credit institutions173	€166,667	-	-	-	-	-
Amounts payable within one year42/48	€5.3m	€6.2m	€6.3m	€5.5m	€5.8m	▲ 5.5%
Current portion of amounts payable after more than one year42	€1,000,000	€166,667	-	-	-	-
Trade debts44	€2.7m	€3.7m	€4.0m	€3.2m	€3.1m	▼ 2.0%
Suppliers440/4	€2.7m	€3.7m	€4.0m	€3.2m	€3.1m	▼ 2.0%
Advances received on contracts in progress46	€30,199	€83,942	€39,033	€114,697	€64,041	▼ 44.2%
Taxes, remuneration and social security45	€1.0m	€1.6m	€1.5m	€1.4m	€1.7m	▲ 22.0%
Taxes450/3	€174,043	€665,893	€524,279	€204,749	€582,586	▲ 185%
Remuneration and social security454/9	€854,130	€915,066	€1.0m	€1.2m	€1.1m	▼ 6.5%
Other amounts payable47/48	€575,442	€595,876	€663,515	€833,043	€953,126	▲ 14.4%
Accrued charges and deferred income492/3	€128,265	€151,257	€115,648	€128,865	€158,918	▲ 23.3%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€683,866	€1.0m	€1.2m	€1.8m	€2.8m	▲ 53.2%
+ Depreciation and write-downs630	€3.6m	€3.3m	€2.9m	€2.8m	€2.6m	▼ 7.8%
Operating cash flow (approximation)	€4.3m	€4.3m	€4.1m	€4.6m	€5.4m	▲ 16.2%
Investment in fixed assets (approximation)	-	-€983,056	-€2.2m	-€3.2m	-€1.6m	▲ 49.4%
Change in cash	-	-€3.2m	-€181,376	€1.8m	€477,870	▼ 73.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 36Financial 3Gazette 23Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

09-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Highest result since 2018net €2.8m ▲53.2%

Net result €2.8m, the highest in the series.

04-12

State Gazette act Reappointments: SRL Claes Wagner (director) and COUPLET Nicolas (director)

Appointment: SRL Impala Management (director) · Resignation: SRL CDV Consulting (director) · Mandate expiration6 facts ▸

General meeting, 09-05-2025
Director reappointment, SRL Claes Wagner (director)
Director reappointment, COUPLET Nicolas (director)
Director appointment, SRL Impala Management (director)
Director resignation, SRL CDV Consulting (director)
Mandate expiration, au terme de l'Assemblée Générale statuant sur les comptes de l'année 2027

27-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

06-12

State Gazette act Reappointments: Ignace Couplet (director and managing director) and SRL 2C&B (statutory auditor)

3 facts ▸

General meeting, 17-05-2024
Director reappointment, Ignace Couplet (director and managing director)
Auditor reappointment, SRL 2C&B (statutory auditor)

28-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

19-04

State Gazette act Reappointments: Benoît DEWAS, Grégoire COUPLET and 2 others

Permanent representative: Michaël GERARD6 facts ▸

General meeting, 12-05-2023
Director reappointment, Benoît DEWAS (director)
Director reappointment, Grégoire COUPLET (director)
Director reappointment, Vincent COUPLET (director)
Director reappointment, Gelili SRL (director)
Permanent representative, Michaël GERARD

2023

09-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

20-04

State Gazette act Statutes amendment

Capital · Company website · Email address7 facts ▸

General meeting, 13-05-2022
Statutes amendment
Capital, €1.907.521,44
Statutes amendment
Company website, www.coupletsugars.com
Email address, info.actionnaires@coupletsugars.com
Officer contact

14-04

State Gazette act Reappointments: SPRL CDV Consulting (director) and SPRL Claes Wagner (director)

Permanent representatives: DEVRIENDT Chantal and STROINOVSKY Serge · Appointment: COUPLET Nicolas (director) · Mandate expiration9 facts ▸

General meeting, 13-05-2022
Director reappointment, SPRL CDV Consulting (director)
Permanent representative, DEVRIENDT Chantal
Director reappointment, SPRL Claes Wagner (director)
Permanent representative, STROINOVSKY Serge
Director appointment, COUPLET Nicolas (director)
Mandate expiration, au terme de l'Assemblée Générale statuant sur les comptes de l'année 2024
Mandate expiration, au terme de l'Assemblée Générale statuant sur les comptes de l'année 2024
Mandate expiration, au terme de l'Assemblée Générale statuant sur les comptes de l'année 2024

2022

02-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €683,866

Net result €683,866 after one loss-making year.

Show earlier events

05-07

State Gazette act Reappointments: Ignace Couplet (director and managing director) and SRL 2C&B (statutory auditor)

3 facts ▸

General meeting, 21-05-2021
Director reappointment, Ignace Couplet (director and managing director)
Auditor reappointment, SRL 2C&B (statutory auditor)

07-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

01-04

State Gazette act Reappointments: Grégoire COUPLET, Vincent COUPLET and Benoît DEWAS

Appointment: Geli Management (director) · Permanent representative: Michaël GERARD · Mandate expiration7 facts ▸

General meeting, 08-05-2020
Director reappointment, Grégoire COUPLET (director)
Director reappointment, Vincent COUPLET (director)
Director reappointment, Benoît DEWAS (director)
Director appointment, Geli Management (director)
Permanent representative, Michaël GERARD
Mandate expiration, au terme de l'Assemblée Générale statuant sur les comptes de l'année 2022

2020

31-12

Financial Weakest financial yearnet -€67,393

Net result drops to -€67,393, the lowest in the series; recovery starts the following year.

25-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

19-07

State Gazette act Reappointments: Jean-Claude Devaux, SPRL CDV Consulting and SPRL Claes Wagner

4 facts ▸

General meeting, 10-05-2019
Director reappointment, Jean-Claude Devaux (director)
Director reappointment, SPRL CDV Consulting (director)
Director reappointment, SPRL Claes Wagner (director)

28-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

21-03

State Gazette act Reappointments: Ignace Couplet (director and managing director) and ScPRL DCB Collin et Desablens (statutory auditor)

3 facts ▸

General meeting, 18-05-2018
Director reappointment, Ignace Couplet (director and managing director)
Auditor reappointment, ScPRL DCB Collin et Desablens (statutory auditor)

2018

12-06

State Gazette act Resignations & appointments

Name change · Statutes amendment3 facts ▸

General meeting, 18-05-2018
Name change, COUPLET SUGARS
Statutes amendment

04-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

14-06

State Gazette act Reappointments: Gérard Michaël (director) and Grégoire Couplet (director)

Mandate expiration5 facts ▸

General meeting, 12-05-2017
Director reappointment, Gérard Michaël (director)
Director reappointment, Grégoire Couplet (director)
Mandate expiration, au terme de l'Assemblée Générale statuant sur les comptes de l'année 2019
Mandate expiration, au terme de l'Assemblée Générale statuant sur les comptes de l'année 2019

12-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

04-07

State Gazette act Reappointment: Jean-Claude Devaux (director)

Appointments: SPRL CDV Consulting (director) and SPRL Claes Wagner (director) · Permanent representatives: Chantal Devriendt and Serge Stroïnovsky · Resignations: Jean-François Gosse (director) and Pierre Noel (director)8 facts ▸

General meeting, 13-05-2016
Director reappointment, Jean-Claude Devaux (director)
Director appointment, SPRL CDV Consulting (director)
Permanent representative, Chantal Devriendt
Director appointment, SPRL Claes Wagner (director)
Permanent representative, Serge Stroïnovsky
Director resignation, Jean-François Gosse (director)
Director resignation, Pierre Noel (director)

2015

09-07

State Gazette act Reappointments: Pierre Noel, Jean-François Gosse and S.Civ.P.R.L. DCB Collin et Desablens

4 facts ▸

General meeting, 08-05-2015
Director reappointment, Pierre Noel (director)
Director reappointment, Jean-François Gosse (director)
Auditor reappointment, S.Civ.P.R.L. DCB Collin et Desablens (statutory auditor)

2014

01-07

State Gazette act Reappointment: Vincent Couplet (director)

Appointment: Benoît Dewas (director)3 facts ▸

General meeting, 09-05-2014
Director reappointment, Vincent Couplet (director)
Director appointment, Benoît Dewas (director)

2012

06-07

State Gazette act Reappointments: Ignace Couplet (director and managing director) and SCPRL DCB Collin et Desablens (statutory auditor)

3 facts ▸

General meeting, 11-05-2012
Director reappointment, Ignace Couplet (director and managing director)
Auditor reappointment, SCPRL DCB Collin et Desablens (statutory auditor)

2011

31-08

State Gazette act Reappointment: Pierre Masson (director)

Appointments: Michaël GERARD (director) and Grégoire COUPLET (director)4 facts ▸

General meeting, 13/05/2011
Director reappointment, Pierre Masson (director)
Director appointment, Michaël GERARD (director)
Director appointment, Grégoire COUPLET (director)

30-05

State Gazette act Capital & shares · Statutes amendment

Share cancellation · Capital decrease · Share count change6 facts ▸

General meeting, 13-05-2011
Share cancellation, Annulation sans réduction de capital des actions propres, 15442
Capital decrease, €2.437.478,56
Statutes amendment
Share count change, 364892, 380334
Per share reimbursement, 6.68, 364892

13-04

State Gazette act Statutes amendment

Share cancellation3 facts ▸

General meeting, 30-03-2011
Share cancellation, sans réduire le capital, 88266
Statutes amendment

17-03

State Gazette act Statutes amendment

Power of attorney5 facts ▸

General meeting, 04-03-2011
Statutes amendment
Power of attorney, Conseil d'administration
Power of attorney, Conseil d'administration
Statutes amendment

2010

20-10

State Gazette act Reappointment: Jean-Claude Devaux (director)

2 facts ▸

General meeting, 18-06-2010
Director reappointment, Jean-Claude Devaux (director)

2006

10-07

State Gazette act Reappointments: Ignace COUPLET (director) and SCPRL P. DELWARDE & Cie (statutory auditor)

Permanent representative: Pierre DELWARDE4 facts ▸

General meeting, 19-05-2006
Director reappointment, Ignace COUPLET (director)
Auditor reappointment, SCPRL P. DELWARDE & Cie (statutory auditor)
Permanent representative, Pierre DELWARDE

16-06

State Gazette act Capital & shares · Statutes amendment

Capital · Capital increase4 facts ▸

General meeting, 19-05-2006
Capital, €4.345.000
Statutes amendment
Capital increase, €71,03

2003

24-06

State Gazette act Reappointments: Jacques GERARD (director) and SCPRL Pierre DELWARDE & C° (statutory auditor)

Appointment: Jean-François GOSSE (director) · Mandate compensation5 facts ▸

General meeting, 16-05-2003
Director reappointment, Jacques GERARD (director)
Director appointment, Jean-François GOSSE (director)
Auditor reappointment, SCPRL Pierre DELWARDE & C°
Mandate compensation, SUCRERIE COUPLET

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

23 of 23 acts read

Directors · office · real estate

Directors

11 directors, 1 in day-to-day management, no change since 2025

Board 11

COUPLET Grégoire

Director · since 13-05-2011

Current

DEWAS Benoît

Director · since 09-05-2014

Current

COUPLET Vincent

Director · since 20-06-2014

Current

SPRL CDV Consulting

Director · since 13-05-2016 · Legal entity · perm. rep.: Chantal Devriendt

Current

SPRL Claes Wagner

Director · since 13-05-2016 · Legal entity · perm. rep.: Serge Stroïnovsky

Current

Geli Management

Director · since 08-05-2020 · Legal entity · perm. rep.: Michaël GERARD

Current

COUPLET Nicolas

Director · since 13-05-2022

Current

SRL Impala Management

Director · since 09-05-2025 · Legal entity

Current

Show all 11 directors

Gelili SRL

Director · Legal entity · perm. rep.: Michaël GERARD

Current

Ignace Couplet

Director and managing director

Current

SRL Claes Wagner

Director · Legal entity

Current

4 not recently confirmed

Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.

GERARD Michaël

Director · since 13-05-2011

Not recently confirmed

MASSON Pierre

Director · since 13-05-2011

Not recently confirmed

Jean-Claude Devaux

Director · since 13-05-2016

Not recently confirmed

Jacques GERARD

Director

Not recently confirmed

Day-to-day management 1

Ignace Couplet

Director and managing director

Current

Permanent representatives 3

Chantal Devriendt

Permanent representative · since 13-05-2016 · for SPRL CDV Consulting

Current

Serge Stroïnovsky

Permanent representative · since 13-05-2016 · for SPRL Claes Wagner

Current

Michaël GERARD

Permanent representative · since 08-05-2020 · for Geli Management

Current

Statutory auditor 1

SRL 2C&B

Statutory auditor · since 21-05-2021

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Location & real-estate footprint

Registered office, Brunehaut · 1 establishment unit since 1933

seat establishment The establishment unit on the map

Ground area

6.8 ha

Building footprint

2,385 m²

Volume, LiDAR

22,579 m³

Parcel 57089A0256/00S003, Wallonia · tallest building 24.4 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Rue de la Sucrerie(W-V) 30, 7620 Brunehaut

Growing of cereals (except rice), leguminous crops and oil seeds

since 19332.004.335.645

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57089A0256/00S003	Wallonia	6.8 ha	1 · 2,385 m²	24.4 m · 3 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Mandate history

22 people since 2003, 16 in office

All 22 In office 16 Ended 6

Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Ignace Couplet	Director, already before 10-07-2006 to date Director and managing director, already before 06-07-2012 to date
COUPLET Grégoire	Director, from 13-05-2011 to date
DEWAS Benoît	Director, from 09-05-2014 to date
COUPLET Vincent	Director, already before 20-06-2014 to date
SPRL CDV Consulting	Director, from 13-05-2016 to date
SPRL Claes Wagner	Director, from 13-05-2016 to date
Geli Management	Director, from 08-05-2020 to date
COUPLET Nicolas	Director, from 13-05-2022 to date
Gelili SRL	Director, already before 19-04-2024 to date
SRL Impala Management	Director, from 09-05-2025 to date
SRL Claes Wagner	Director, already before 04-12-2025 to date
SRL 2C&B	Statutory auditor, from 21-05-2021 to date
Jacques GERARD	Director, already before 24-06-2003 not ended, last confirmed 24-06-2003
Jean-Claude Devaux	Director, already before 20-10-2010 not ended, last confirmed 19-07-2019
GERARD Michaël	Director, from 13-05-2011 not ended, last confirmed 14-06-2017
MASSON Pierre	Director, already before 13-05-2011 not ended, last confirmed 31-08-2011
SRL CDV Consulting	Director, until 09-05-2025
ScPRL DCB Collin et Desablens	Statutory auditor, from 11-05-2012 to 21-05-2021
Pierre Noël	Director, already before 09-07-2015 to 08-05-2016
Jean-François GOSSE	Director, from 16-05-2003 to 01-09-2015
SCPRL P. DELWARDE & Cie	Statutory auditor, from 19-05-2006 to 11-05-2012
SCPRL Pierre DELWARDE & C°	Auditor, from 16-05-2003 to 19-05-2006

Show all 22 people Show the first 12See the board, name and seat on a given date →

Articles of association

Purpose

La fabrication et le commerce de sucre et de ses dérivés et sous-produits, la fabrication et la vente d'engrais ; toutes exploitations agricoles, industrielles et commerciales se…

Full purpose

La fabrication et le commerce de sucre et de ses dérivés et sous-produits, la fabrication et la vente d'engrais ; toutes exploitations agricoles, industrielles et commerciales se rattachant au secteur agro-alimentaire et agro-industriel; la construction mécanique, la briqueterie, l'entreprise de travaux et transport.

according to the deed of 20-04-2023

Structure & network

Owners and holdings

1 owner

Chain of control

Couplet Holding 100%
COUPLET SUGARS

Highest known parent: Couplet Holding. The sources do not say who stands above it.

Owners 1

Couplet Holdingparent

Sourceaccounts Couplet Holding 2025

100%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

6 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

AgroPELLETS

Shared director

→

EPSYLON

Shared director

→

EPSYMMO

Shared director

→

Féderation des Professions Libérales

Shared director

→

Show 2 more companies with a shared director

ISERA & SCALDIS SUGAR

Shared director

→

ékla, Centre scénique de Wallonie pour l'enfance et la jeunesse

Shared director

→

Capital and shareholders

Capital over the years

20-04-2023 Capital stated in the act · 1,907,521.44 EUR · 364,892 shares
30-05-2011 Capital reduction of 2,437,478.56 EUR · to 1,907,521.44 EUR · repaid to the shareholders
16-06-2006 Capital increase of 71.03 EUR · from reserves