ACTIVE

AKZO NOBEL PAINTS BELGIUM

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Financial year 2025 · closed on 31/12/2025

Net result

8,1 M €

+62.0% YoY

Revenue

145,1 M €

+5.9% YoY

Equity

46,9 M €

+7.1% YoY

Workforce

300,3 ETP

-1.3% YoY

What does AKZO NOBEL PAINTS BELGIUM do?

AKZO NOBEL PAINTS BELGIUM is a Public limited company incorporated in 1904. Its registered office is in Vilvoorde. It employs on average 300,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.746.050

Incorporation

16/03/1904

Legal form

Public limited company

Registered office

Leuvensesteenweg 248 box B
1800 Vilvoorde · FlandreSee on map

Contributed capital

29 124 610,48 €

Latest accounts

31/12/2025

Average workforce

300,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2008		2006
Income statement
Revenue	145,1 M €	+5.9%	136,9 M €	-3.5%	141,9 M €	-4.2%	148,1 M €	-5.9%	157,3 M €	+0.5%	156,5 M €	+11.0%	141,1 M €	-0.9%	142,3 M €	-4.5%	149,0 M €	+2.7%	145,1 M €	-10.5%	162,2 M €	-28.6%	227,2 M €	+11.1%	204,5 M €	-6.8%	219,3 M €	+8.8%	201,6 M €	+12.4%	179,4 M €	+12.6%	159,4 M €
EBITDA	31,3 M €	+643%	4,2 M €	-56.9%	9,8 M €	+32.5%	7,4 M €	-66.4%	22,0 M €	+90.7%	11,5 M €	+22.6%	9,4 M €	-52.9%	19,9 M €	+8.9%	18,3 M €	-38.3%	29,7 M €	+36.5%	21,7 M €	+2.9%	21,1 M €	-13.8%	24,5 M €	+167%	9,2 M €	-67.3%	28,0 M €	+40.4%	19,9 M €	+26.3%	15,8 M €
Operating result	9,0 M €	+69.9%	5,3 M €	-42.2%	9,1 M €	+55.8%	5,9 M €	-71.6%	20,6 M €	+127%	9,1 M €	+38.8%	6,5 M €	-60.6%	16,6 M €	+19.4%	13,9 M €	-44.3%	24,9 M €	+48.8%	16,7 M €	+3.9%	16,1 M €	-21.0%	20,4 M €	+337%	4,7 M €	-79.6%	22,8 M €	+30.1%	17,5 M €	+26.7%	13,9 M €
Net result	8,1 M €	+62.0%	5,0 M €	-42.8%	8,7 M €	+146%	3,6 M €	-75.4%	14,4 M €	+148%	5,8 M €	+45.0%	4,0 M €	-59.3%	9,9 M €	+17.7%	8,4 M €	-52.3%	17,5 M €	+75.8%	10,0 M €	-23.8%	13,1 M €	+9.3%	12,0 M €	+137%	5,1 M €	-75.2%	20,4 M €	+31.8%	15,5 M €	+118%	7,1 M €
Balance sheet
Equity	46,9 M €	+7.1%	43,8 M €	+0.0%	43,8 M €	-48.8%	85,6 M €	+0.1%	85,5 M €	-69.5%	280,1 M €	+2.1%	274,2 M €	+1.5%	270,2 M €	+3.8%	260,4 M €	+3.3%	252,0 M €	+7.5%	234,5 M €	+4.4%	224,5 M €	+14.7%	195,7 M €	+6.5%	183,7 M €	+2.8%	178,6 M €	+28.3%	139,2 M €	+7965%	1,7 M €
Total assets	145,2 M €	+59.1%	91,3 M €	-14.0%	106,1 M €	-24.0%	139,6 M €	-9.4%	154,1 M €	-53.0%	328,1 M €	+4.7%	313,3 M €	+0.2%	312,6 M €	+3.0%	303,4 M €	+2.6%	295,7 M €	+2.1%	289,6 M €	-1.9%	295,3 M €	+11.2%	265,6 M €	-0.9%	268,0 M €	+7.5%	249,3 M €	+17.1%	212,8 M €	+123%	95,6 M €
Cash	50,0 k €	+168%	18,6 k €	-93.6%	292,9 k €	+2662%	10,6 k €	+79.0%	5,9 k €	-99.7%	2,2 M €	+2702%	79,5 k €	+173%	29,2 k €	-34.6%	44,6 k €	+26.6%	35,2 k €	+504%	5,8 k €	-99.3%	872,1 k €	-48.6%	1,7 M €	+2198%	73,9 k €	+907%	7,3 k €	-99.8%	3,8 M €	+14095%	26,9 k €
Debts	72,4 M €	+68.2%	43,0 M €	-23.9%	56,6 M €	+24.1%	45,6 M €	-24.9%	60,7 M €	+53.3%	39,6 M €	+34.4%	29,4 M €	-7.7%	31,9 M €	-2.7%	32,7 M €	+1.0%	32,4 M €	-1.5%	32,9 M €	-31.4%	48,0 M €	+1.1%	47,5 M €	-4.3%	49,6 M €	-0.5%	49,8 M €	-4.3%	52,1 M €	-40.4%	87,4 M €
Other
Workforce	300,3 ETP	-1.3%	304,2 ETP	-0.8%	306,5 ETP	-8.4%	334,6 ETP	-3.8%	347,8 ETP	+2.8%	338,2 ETP	-3.0%	348,6 ETP	-6.7%	373,7 ETP	-11.9%	424,0 ETP	+0.7%	421,1 ETP	-0.6%	423,6 ETP	-0.9%	427,6 ETP	-2.9%	440,3 ETP	-9.5%	486,5 ETP	+1.5%	479,4 ETP	+8.4%	442,2 ETP	+1.4%	435,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 73 ended

Active mandates

Elke Ceuppens

Director · since 11 juin 2025 · until 14 juin 2028

Active

Kris Smolders

Director · since 11 juin 2025 · until 14 juin 2028

Active

Sjoerd Hendriks

Director · since 11 juin 2025 · until 14 juin 2028

Active

Stefaan De Block

Director · since 11 juin 2025 · until 14 juin 2028

Active

Ended mandates

Sjoerd Hendriks

Director · since 12 octobre 2023 · until 11 juin 2025

Ended

Alain Bernhad

Director · since 08 juin 2022 · until 01 mai 2023

Ended

Alain Bernhad

Director · since 08 juin 2022 · until 11 juin 2025

Ended

Elke Ceuppens

Director · since 08 juin 2022 · until 11 juin 2025

Ended

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Annual accounts

Full financial information

	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	14/07/2026	03/07/2025	18/07/2024	12/07/2023	30/09/2022	19/08/2021
General meeting	24/06/2026	11/06/2025	12/06/2024	14/06/2023	28/09/2022	22/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

49 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	11/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	12/06/2024	18/07/2024	Dutch	PDF
Full model	31/12/2022	14/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	28/09/2022	30/09/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	19/08/2021	Dutch	PDF
Full model	31/12/2019	03/08/2020	02/09/2020	Dutch	PDF
Full model	31/12/2018	12/06/2019	22/08/2019	Dutch	PDF
Full model	31/12/2017	13/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	19/09/2017	12/10/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	10/06/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	04/07/2014	Dutch	PDF
Full model	31/12/2012	12/06/2013	10/07/2013	Dutch	PDF
Full model	31/12/2011	13/06/2012	04/07/2012	Dutch	PDF
Full model	31/12/2010	08/06/2011	19/08/2011	Dutch	PDF
Full model	31/12/2009	09/06/2010	21/06/2010	Dutch	PDF
Full model	31/12/2008	10/06/2009	15/06/2009	Dutch	PDF
Full model	31/12/2007	11/06/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	13/06/2007	25/06/2007	Dutch	PDF
Full model	31/12/2005	14/06/2006	19/06/2006	Dutch	PDF
Full model	31/12/2004	08/06/2005	23/06/2005	Dutch	PDF
Full model	31/12/2003	09/06/2004	17/06/2004	Dutch	PDF
Full model	31/12/2002	11/06/2003	19/06/2003	Dutch	PDF

View all 49 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 73 ended

Active mandates

Elke Ceuppens

Director · since 11 juin 2025 · until 14 juin 2028

Active

Kris Smolders

Director · since 11 juin 2025 · until 14 juin 2028

Active

Sjoerd Hendriks

Director · since 11 juin 2025 · until 14 juin 2028

Active

Stefaan De Block

Director · since 11 juin 2025 · until 14 juin 2028

Active

Ended mandates

Sjoerd Hendriks

Director · since 12 octobre 2023 · until 11 juin 2025

Ended

Alain Bernhad

Director · since 08 juin 2022 · until 01 mai 2023

Ended

Alain Bernhad

Director · since 08 juin 2022 · until 11 juin 2025

Ended

Elke Ceuppens

Director · since 08 juin 2022 · until 11 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Mandates14/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20258,1 M €↑
11/06/2025
reconductionStefaan De Block — bestuurder
11/06/2025
reconductionEike Ceuppens — bestuurder
11/06/2025
reconductionKris Smolders — bestuurder
11/06/2025
reconductionSjoerd Hendriks — bestuurder
2024
Annual accounts 20245,0 M €↓
2023
Annual accounts 20238,7 M €↑
12/09/2023
reduction_capital
2022
Annual accounts 20223,6 M €↓
08/06/2022
reconductionFilip Lozie — commissaris
08/06/2022
nominationKris Smolders — bestuurder
2021
Annual accounts 202114,4 M €↑
22/06/2021
nominationElke Ceuppens — bestuurder
2020
Annual accounts 20205,8 M €↑
2019
Annual accounts 20194,0 M €↓
2018
Annual accounts 20189,9 M €↑
2017
Annual accounts 20178,4 M €↓
2016
Annual accounts 201617,5 M €↑
2015
Annual accounts 201510,0 M €↓
2014
Annual accounts 201413,1 M €↑
2012
Annual accounts 201212,0 M €↑
2011
Annual accounts 20115,1 M €↓
2010
Annual accounts 201020,4 M €↑
2008
Annual accounts 200815,5 M €↑
2006
Annual accounts 20067,1 M €
16/03/1904
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AKZO NOBEL PAINTS BELGIUM

Overview

What does AKZO NOBEL PAINTS BELGIUM do?

Trend over 17 financial years

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