ACTIVE

INEOS Aromatics Belgium

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Financial year 2024 · Closed on 31/12/2024

Net result8 M €+96,8 %over 1 year

Revenue162,9 M €+25,5 %over 1 year

Equity262,8 M €+3,1 %over 1 year

Workforce303,7 ETP-5,3 %over 1 year

Identity

Source · BCE/KBO

INEOS Aromatics Belgium is a Public limited company incorporated in 1967. Its registered office is in Geel. It employs on average 303,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.137.533
Incorporation: 16/03/1967
Legal form: Public limited company
Registered office: Amocolaan 2
2440 Geel · FlandreSee on map
Contributed capital: 232 150 518,39 €
Latest accounts: 31/12/2024
Average workforce: 303,7 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2024		2023		2022		2021		2020
Income statement
Revenue	162,9 M €	+25.5%	129,8 M €	-40.0%	216,5 M €	+21.0%	178,9 M €	+15.9%	154,4 M €
EBITDA	38,9 M €	-5.6%	41,2 M €	+1.0%	40,8 M €	+6.7%	38,3 M €	+10.9%	34,5 M €
Operating result	7,7 M €	+303%	1,9 M €	-69.6%	6,3 M €	-4.9%	6,6 M €	-7.6%	7,2 M €
Net result	8 M €	+96.8%	4,1 M €	-30.0%	5,8 M €	-7.5%	6,3 M €	+8.6%	5,8 M €
Balance sheet
Equity	262,8 M €	+3.1%	254,8 M €	+1.6%	250,8 M €	-4.6%	263 M €	+2.4%	256,7 M €
Total assets	303,3 M €	-0.6%	305,1 M €	-4.9%	320,8 M €	-5.2%	338,4 M €	+13.9%	297,1 M €
Cash	2,6 M €	+56.0%	1,7 M €	-47.9%	3,2 M €	-40.3%	5,3 M €	+91844%	5,8 k €
Debts	36,7 M €	-17.4%	44,5 M €	-35.3%	68,7 M €	-5.9%	73 M €	+86.7%	39,1 M €
Other
Workforce	303,7 ETP	-5.3%	320,6 ETP	-4.6%	336,2 ETP	-2.3%	344,0 ETP	-2.0%	351,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 48 ended

Active mandates

Hugo Piot

Managing director · since 19 février 2024 · until 25 juin 2029

Active

Bart Van den Broeck

Managing director · since 01 janvier 2023 · until 25 juin 2029

Active

Wouter Van engelandt

Managing director · since 01 janvier 2023 · until 25 juin 2029

Active

Ended mandates

Sven Luytens

Managing director · since 27 juin 2022 · until 31 décembre 2021

Ended

Graham Michael Knights

Managing director · since 04 janvier 2021 · until 05 janvier 2023

Ended

Graham Michael Knights

Managing director · since 04 janvier 2021 · until 29 juin 2026

Ended

Bart Van den Driessche

Managing director · since 25 mai 2020 · until 26 juin 2023

Ended

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2025	23/07/2025	27/06/2023	04/07/2022	01/07/2021	23/06/2020
General meeting	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021	25/05/2020
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2024	30/06/2025	23/07/2025	Dutch	PDF
Full model	31/12/2024	30/06/2025	02/07/2025	Dutch	PDF
Full modelCorrection	31/12/2023	24/06/2024	23/07/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	26/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	27/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	15/06/2018	Dutch	PDF
Full model	31/12/2016	29/05/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	25/05/2015	14/07/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	15/07/2014	Dutch	PDF
Full model	31/12/2012	27/05/2013	15/07/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	30/05/2011	25/07/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	25/05/2009	11/06/2009	Dutch	PDF
Full model	31/12/2007	26/05/2008	31/07/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	04/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 31/12/2024

3 active · 48 ended

Active mandates

Hugo Piot

Managing director · since 19 février 2024 · until 25 juin 2029

Active

Bart Van den Broeck

Managing director · since 01 janvier 2023 · until 25 juin 2029

Active

Wouter Van engelandt

Managing director · since 01 janvier 2023 · until 25 juin 2029

Active

Ended mandates

Sven Luytens

Managing director · since 27 juin 2022 · until 31 décembre 2021

Ended

Graham Michael Knights

Managing director · since 04 janvier 2021 · until 05 janvier 2023

Ended

Graham Michael Knights

Managing director · since 04 janvier 2021 · until 29 juin 2026

Ended

Bart Van den Driessche

Managing director · since 25 mai 2020 · until 26 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2024
Annual accounts 20248 M €↑
19/02/2024
nominationHugo Piot — bestuurder
2023
Annual accounts 20234,1 M €↓
26/06/2023
reconductionBart Van den Driessche — bestuurder
05/01/2023
demissionGraham Knights — gedelegeerd bestuurder
01/01/2023
demissionMark Winkelmans — gedelegeerd bestuurder
01/01/2023
nominationBart Van den Broeck — bestuurder
01/01/2023
nominationWouter Van Engelandt — bestuurder
2022
Annual accounts 20225,8 M €↓
27/06/2022
reconductionMark Winkelmans — bestuurder
2021
Annual accounts 20216,3 M €↑
2020
Annual accounts 20205,8 M €↓
2020
Name changeINEOS Aromatics Belgium
2019
Annual accounts 20196,3 M €↓
2018
Annual accounts 20188,6 M €↑
2017
Annual accounts 20177,9 M €↓
2016
Annual accounts 20168,5 M €↑
2015
Annual accounts 20158,2 M €↓
2014
Annual accounts 20148,8 M €↑
2013
Annual accounts 20137,1 M €↓
2012
Annual accounts 20128,6 M €↓
2011
Annual accounts 201115,7 M €↑
2010
Annual accounts 2010-5,8 M €↓
2009
Annual accounts 200915,5 M €↓
2008
Annual accounts 200818,7 M €↑
2007
Annual accounts 200717,6 M €↓
2006
Annual accounts 200623,4 M €
2006
Name changeBP CHEMBEL
16/03/1967
IncorporationPublic limited company

INEOS Aromatics Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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