ACTIVE

Tereos Starch & Sweeteners Belgium

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Financial year 2025 · Closed on 31/03/2025

Net result16,6 M €-90,2 %over 1 year

Revenue1,1 Md €-30,6 %over 1 year

Equity99,5 M €-86,4 %over 1 year

Workforce331,8 ETP+0,1 %over 1 year

Identity

Source · BCE/KBO

Tereos Starch & Sweeteners Belgium is a Public limited company incorporated in 1925. Its main activity is: Manufacture of starches and starch products. Its registered office is in Aalst. It employs on average 331,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0405.716.158
Incorporation: 12/12/1925
Legal form: Public limited company
Registered office: Burchtstraat 10
9300 Aalst · FlandreSee on map
Contributed capital: 6 865 907,00 €
Latest accounts: 31/03/2025
Average workforce: 331,8 ETP

Activities (NACE)

10620Manufacture of starches and starch products· main 10620Manufacture of starches and starch products 15620Manufacture of leather and related products

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 28 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,1 Md €	-30.6%	1,6 Md €	+2.2%	1,6 Md €	+35.1%	1,2 Md €	+21.0%	983,2 M €
EBITDA	17,2 M €	-92.3%	224 M €	-26.2%	303,4 M €	+545%	47 M €	+449%	-13,5 M €
Operating result	3,2 M €	-98.5%	211,1 M €	-26.9%	288,7 M €	+838%	30,8 M €	+214%	-27 M €
Net result	16,6 M €	-90.2%	169,3 M €	-24.2%	223,2 M €	+1171%	17,6 M €	+130%	-59,3 M €
Balance sheet
Equity	99,5 M €	-86.4%	733 M €	+30.0%	564 M €	+65.5%	340,9 M €	+5.4%	323,4 M €
Total assets	361 M €	-66.4%	1,1 Md €	+15.7%	928,2 M €	+58.0%	587,5 M €	-2.0%	599,4 M €
Cash	1,3 M €	-17.9%	1,5 M €	-92.8%	21,2 M €	+207%	6,9 M €	+183%	2,4 M €
Debts	258,4 M €	-23.5%	337,6 M €	-6.2%	360,1 M €	+48.3%	242,8 M €	-11.3%	273,6 M €
Other
Workforce	331,8 ETP	+0.1%	331,5 ETP	+3.0%	321,8 ETP	+1.7%	316,5 ETP	-2.4%	324,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2023

3 active · 55 ended

Last known composition, from the accounts closed on 31/03/2023, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Christophe Lescroart	Director	01/03/2021 → 21/09/2023	000
Leo Paternot	Managing director	08/02/2020 → 21/09/2023
Marjolein De Bremme	Managing director	20/06/2018 → 21/09/2023	00

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Christophe Lescroart	Director	01/03/2021 → 15/09/2023	000
Leo Paternot	Director	08/02/2020 → 15/09/2023
Leo Paternot	Managing director	08/02/2020 → 15/09/2023
Leo Paternot	Director	06/02/2020 → 15/09/2023

Other companies at this address

Burchtstraat 10 9300 Aalst

Company	CBE no.
ECOM360● Active	0759.687.271
Eerstelijnszone Regio Aalst● Active	0746.722.331
ELFER● Bankrupt	0651.973.424
GamePlan● Active	1020.513.838
Heel de Huid● Active	1029.705.478
INNATIFY● Active	1010.073.272
Lavima fertility● Active	0792.320.447
Les Alchimistes● Active	1009.217.395
MARQUISOU● Active	0787.370.675
MOBERO● Bankrupt	0771.347.661
PARTHEAS● Active	0847.026.368
Solidtecs● Active	0787.455.304
ZORGTRAJECTEN AALST● Active	0888.492.185

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Consolidated accounts	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/01/2026	26/11/2024	21/11/2023	07/11/2022	15/10/2021	14/10/2020
General meeting	–	20/09/2024	21/09/2023	26/09/2022	15/09/2021	15/09/2020
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, 28 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	18/09/2025	09/12/2025	Dutch	PDF
Consolidated accounts	31/03/2025	—	27/01/2026	Dutch	PDF
Full model	31/03/2024	20/09/2024	26/11/2024	Dutch	PDF
Full model	31/03/2023	21/09/2023	21/11/2023	Dutch	PDF
Full model	31/03/2022	26/09/2022	07/11/2022	Dutch	PDF
Full model	31/03/2021	15/09/2021	15/10/2021	Dutch	PDF
Full model	31/03/2020	15/09/2020	14/10/2020	Dutch	PDF
Full model	31/03/2019	16/09/2019	25/10/2019	Dutch	PDF
Full model	31/03/2018	17/09/2018	11/10/2018	Dutch	PDF
Full model	31/03/2017	15/09/2017	27/09/2017	Dutch	PDF
Full model	31/03/2016	01/09/2016	20/09/2016	Dutch	PDF
Full model	31/03/2015	15/09/2015	25/09/2015	Dutch	PDF
Full model	31/03/2014	15/09/2014	16/09/2014	Dutch	PDF
Full model	31/03/2013	16/09/2013	26/09/2013	Dutch	PDF
Consolidated accounts	31/03/2013	01/01/9999	24/03/2014	Dutch	PDF
Full model	30/09/2012	15/03/2013	19/03/2013	Dutch	PDF
Consolidated accounts	30/09/2012	01/01/9999	25/04/2013	Dutch	PDF
Full model	30/09/2011	15/03/2012	29/03/2012	Dutch	PDF
Consolidated accounts	30/09/2011	01/01/9999	29/03/2012	Dutch	PDF
Full model	30/09/2010	15/03/2011	29/03/2011	Dutch	PDF
Consolidated accounts	30/09/2010	01/01/9999	28/03/2011	Dutch	PDF
Full model	30/09/2009	15/03/2010	22/03/2010	Dutch	PDF
Consolidated accounts	30/09/2009	01/01/9999	30/03/2010	Dutch	PDF
Full modelCorrection	30/09/2008	16/03/2009	10/08/2009	Dutch	PDF

View all 28 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 31/03/2023

3 active · 55 ended

Last known composition, from the accounts closed on 31/03/2023, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Christophe Lescroart	Director	01/03/2021 → 21/09/2023	000
Leo Paternot	Managing director	08/02/2020 → 21/09/2023
Marjolein De Bremme	Managing director	20/06/2018 → 21/09/2023	00

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Christophe Lescroart	Director	01/03/2021 → 15/09/2023	000
Leo Paternot	Director	08/02/2020 → 15/09/2023
Leo Paternot	Managing director	08/02/2020 → 15/09/2023
Leo Paternot	Director	06/02/2020 → 15/09/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring05/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other16/02/2026
DIVERSEN
PDF
Mandates22/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other17/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/03/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

31/03/2026
autre
01/01/2026
nominationKatlijn Linster · bestuurder
01/04/2025
nominationElien De Greef · vaste vertegenwoordiger commissaris
2025
Annual accounts 202516,6 M €↓
2024
Annual accounts 2024169,3 M €↓
21/09/2023
reconductionLieve Cornelis · commissaris
21/09/2023
reconductionChristophe Lescroart · bestuurder
21/09/2023
reconductionLeo Paternot · bestuurder
21/09/2023
reconductionMarjolein De Bremme · bestuurder
2023
Annual accounts 2023223,2 M €↑
2022
Annual accounts 202217,6 M €↑
2021
Annual accounts 2021-59,3 M €↓
2020
Annual accounts 2020178,9 M €↑
2019
Annual accounts 201932,1 M €↓
2018
Annual accounts 201833,1 M €↑
2017
Annual accounts 201731,3 M €↑
2017
Name changeTereos Starch & Sweeteners Belgium
2016
Annual accounts 201619,7 M €↑
2015
Annual accounts 201516,4 M €↑
2014
Annual accounts 201415,9 M €↑
2013
Annual accounts 20134 M €↓
2012
Annual accounts 201244,5 M €↑
2011
Annual accounts 201137,3 M €↑
2010
Annual accounts 201037 M €↓
2009
Annual accounts 200981,4 M €↑
2008
Annual accounts 200822,1 M €↑
2008
Annual accounts 2008-15,2 M €
12/12/1925
IncorporationPublic limited company

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Tereos Starch & Sweeteners BelgiumCurrent	accounts 2017 → 2025 · CBE, tracked since 27/09/2026	Accounts 2025 · 2025-00580972
SYRAL Belgium	accounts 2008 → 2016	Accounts 2016 · 2016-60400398

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.

Tereos Starch & Sweeteners 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

Company names