ACTIVE

PPG Coatings Belgium

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Financial year 2023 · Closed on 31/12/2023

Net result4,4 M €-17,8 %over 1 year

Revenue376,5 M €+20,4 %over 1 year

Equity109,4 M €+7,2 %over 1 year

Workforce232,8 ETP+2,6 %over 1 year

Identity

Source · BCE/KBO

PPG Coatings Belgium is a Private limited company incorporated in 1967. Its registered office is in Bruxelles. It employs on average 232,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0403.103.789
Incorporation: 30/05/1967
Legal form: Private limited company
Registered office: Chaussée de Haecht 1465
1130 Bruxelles · BruxellesSee on map
Contributed capital: 134 054 018,00 €
Latest accounts: 31/12/2023
Average workforce: 232,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 24 filings

Trend over 15 financial years

	2023		2021		2020		2019		2018
Income statement
Revenue	376,5 M €	+20.4%	312,7 M €	+10.7%	282,6 M €	-4.4%	295,7 M €	+5.5%	280,4 M €
EBITDA	6,8 M €	+6.5%	6,4 M €	+107%	3,1 M €	+9048%	33,6 k €	+103%	-1,1 M €
Operating result	6,1 M €	-19.7%	7,6 M €	+60.0%	4,7 M €	+554%	722,2 k €	+292%	-376,2 k €
Net result	4,4 M €	-17.8%	5,3 M €	+62.9%	3,3 M €	+104%	-78,4 M €	-3049%	-2,5 M €
Balance sheet
Equity	109,4 M €	+7.2%	102 M €	+5.5%	96,7 M €	+413%	18,8 M €	-80.6%	97,3 M €
Total assets	211,2 M €	+13.5%	186,2 M €	+11.8%	166,6 M €	-1.8%	169,6 M €	-31.3%	246,8 M €
Cash	3,5 M €	-14.3%	4,1 M €	-2.0%	4,2 M €	+124%	1,9 M €	-72.4%	6,7 M €
Debts	100,4 M €	+21.1%	82,9 M €	+22.8%	67,5 M €	-54.4%	148 M €	+0.8%	146,9 M €
Other
Workforce	232,8 ETP	+2.6%	227,0 ETP	-3.8%	236,0 ETP	-4.0%	245,9 ETP	-3.1%	253,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2017

5 active · 16 ended

Last known composition, from the accounts closed on 31/12/2017, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Justus Quintus Tichelman

Administrator - manager · since 10 juillet 2017 · until 31 mai 2023

Active

Elmer Jon Abraham Bruijnooge

Administrator - manager · since 22 avril 2016 · until 31 mai 2022

Active

Augustinus Johannes Duray

Administrator - manager · since 30 juillet 2013 · until 10 juillet 2017

Active

Ivan Vanhoutte

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Active

Jan Willem Tegelaar

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Active

Ended mandates

Augustinus Johannes Duray

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Ended

Benjamin Blaine Frey

Administrator - manager · since 30 juillet 2013 · until 22 avril 2016

Ended

Benjamin Blaine Frey

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Ended

Cornelis Rijnsburger

Manager · since 01 février 2013 · until 26 mai 2016

Ended

Other companies at this address

Chaussée de Haecht 1465 1130 Bruxelles

Company	CBE no.
CROMBE● Active	0423.159.926

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	18/06/2025	23/05/2024	09/10/2023	02/06/2022	08/06/2021
General meeting	28/05/2026	22/05/2025	23/05/2024	25/05/2023	26/05/2022	27/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 24 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/05/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	22/05/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	23/05/2024	23/05/2024	Dutch	PDF
Full modelCorrection	31/12/2022	25/05/2023	09/10/2023	Dutch	PDF
Full model	31/12/2022	25/05/2023	16/06/2023	Dutch	PDF
Full model	31/12/2021	26/05/2022	02/06/2022	Dutch	PDF
Full model	31/12/2020	27/05/2021	08/06/2021	Dutch	PDF
Full modelCorrection	31/12/2019	09/07/2020	30/09/2020	Dutch	PDF
Full model	31/12/2019	09/07/2020	26/08/2020	Dutch	PDF
Full model	31/12/2018	23/05/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	24/05/2018	06/06/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	07/06/2017	Dutch	PDF
Full model	31/12/2015	26/05/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	28/05/2015	23/06/2015	Dutch	PDF
Full modelCorrection	31/12/2013	22/05/2014	25/08/2014	Dutch	PDF
Full model	31/12/2013	22/05/2014	27/05/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	16/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	28/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	28/05/2009	08/06/2009	French	PDF
Full model	31/12/2007	22/05/2008	19/06/2008	French	PDF
Full modelCorrection	31/12/2006	24/05/2007	26/10/2007	French	PDF
Full model	31/12/2006	24/05/2007	30/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2017

5 active · 16 ended

Last known composition, from the accounts closed on 31/12/2017, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Justus Quintus Tichelman

Administrator - manager · since 10 juillet 2017 · until 31 mai 2023

Active

Elmer Jon Abraham Bruijnooge

Administrator - manager · since 22 avril 2016 · until 31 mai 2022

Active

Augustinus Johannes Duray

Administrator - manager · since 30 juillet 2013 · until 10 juillet 2017

Active

Ivan Vanhoutte

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Active

Jan Willem Tegelaar

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Active

Ended mandates

Augustinus Johannes Duray

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Ended

Benjamin Blaine Frey

Administrator - manager · since 30 juillet 2013 · until 22 avril 2016

Ended

Benjamin Blaine Frey

Administrator - manager · since 30 juillet 2013 · until 23 mai 2019

Ended

Cornelis Rijnsburger

Manager · since 01 février 2013 · until 26 mai 2016

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other19/09/2024
DIVERSEN
PDF
Mandates23/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

17/04/2026
nominationBart Maes — bestuurder
17/04/2026
nominationRobert Mendel — bestuurder
06/11/2025
nominationPwC Bedrijfsrevisoren BV - PwC Réviseurs d'Entreprises SRL — commissaris
06/11/2025
nominationGriet Helsen — vertegenwoordiger van de commissaris
09/04/2025
nominationAthanasios MADESSIS — bestuurder
2023
Annual accounts 20234,4 M €↓
13/03/2023
nominationPwC Bedrijfsrevisoren BV - PwC Réviseurs d'Entreprises SRL — commissaris
13/03/2023
nominationGriet Helsen — vertegenwoordiger van de commissaris
06/12/2022
nominationPwC Bedrijfsrevisoren BV - PwC Réviseurs d'Entreprises SRL — commissaris
2021
Annual accounts 20215,3 M €↑
2020
Annual accounts 20203,3 M €↑
2019
Annual accounts 2019-78,4 M €↓
2019
Name changePPG Coatings Belgium
2018
Annual accounts 2018-2,5 M €↑
2017
Annual accounts 2017-3,5 M €↓
2016
Annual accounts 20163,4 M €↑
2015
Annual accounts 2015-1,7 M €↓
2014
Annual accounts 201411 M €↑
2013
Annual accounts 20132,9 M €↓
2012
Annual accounts 201211,9 M €↑
2011
Annual accounts 20113,9 M €↓
2010
Annual accounts 201016,9 M €↑
2009
Annual accounts 2009-4 M €↓
2007
Annual accounts 200710,3 M €
2007
Name changePPG COATINGS
30/05/1967
IncorporationPrivate limited company

PPG Coatings Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline