ACTIVE

AKZO NOBEL PAINTS BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result8,1 M €+62,0 %over 1 year

Revenue145,1 M €+5,9 %over 1 year

Equity46,9 M €+7,1 %over 1 year

Workforce300,3 ETP-1,3 %over 1 year

Identity

Source · BCE/KBO

AKZO NOBEL PAINTS BELGIUM is a Public limited company incorporated in 1904. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. 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

Activities (NACE)

20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main 20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics 24300Manufacture of other products of first processing of steel 46731Wholesale of wood, construction materials and sanitary equipment 46831Wholesale trade, except of motor vehicles and motorcycles 51532Air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 49 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	31,3 M €	+643%	4,2 M €	-56.9%	9,8 M €	+32.5%	7,4 M €	-66.4%	22 M €
Operating result	9 M €	+69.9%	5,3 M €	-42.2%	9,1 M €	+55.8%	5,9 M €	-71.6%	20,6 M €
Net result	8,1 M €	+62.0%	5 M €	-42.8%	8,7 M €	+146%	3,6 M €	-75.4%	14,4 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 €
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 €
Cash	50 k €	+168%	18,6 k €	-93.6%	292,9 k €	+2662%	10,6 k €	+79.0%	5,9 k €
Debts	72,4 M €	+68.2%	43 M €	-23.9%	56,6 M €	+24.1%	45,6 M €	-24.9%	60,7 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

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 28 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elke Ceuppens	Director22/06/2021 → 14/06/2028
Kris Smolders	Director08/06/2022 → 14/06/2028
Sjoerd Hendriks	Director12/10/2023 → 14/06/2028
Stefaan De Block	Director19/09/2017 → 14/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alain Bernhad	Director08/06/2022 → 11/06/2025
Maxime Hubert	Director08/06/2022 → 11/06/2025

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Leuvensesteenweg 248 1800 Vilvoorde

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LIVEPOWER● Active	0677.431.073
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V.T.S. INVESTMENT● Active	0442.556.461

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	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 49 filings

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
Full model	31/12/2001	12/06/2002	27/06/2002	Dutch	PDF
Full model	31/12/2000	13/06/2001	18/06/2001	Dutch	PDF
Full model	31/12/1999	14/06/2000	16/06/2000	Dutch	PDF
Full model	31/12/1998	09/06/1999	02/07/1999	Dutch	PDF
Full model	31/12/1997	10/06/1998	19/06/1998	Dutch	—
Full model	31/12/1996	27/06/1997	27/06/1997	Dutch	—
Full model	31/12/1995	12/06/1996	27/06/1996	Dutch	—
Full model	31/12/1994	14/06/1995	31/07/1995	Dutch	—
Full model	31/12/1993	23/03/1994	25/03/1994	Dutch	—
Full model	31/12/1992	24/03/1993	31/08/1993	Dutch	—
Full model	31/12/1991	25/03/1992	24/04/1992	Dutch	—
Full model	31/12/1990	27/03/1991	06/06/1991	Dutch	—
Full model	31/12/1989	28/03/1990	26/04/1990	Dutch	—
Full model	31/12/1988	22/03/1989	21/04/1989	Dutch	—
Full model	31/12/1987	23/03/1988	19/04/1988	Dutch	—
Full model	31/12/1986	25/03/1987	03/04/1987	Dutch	—
Full model	31/12/1985	26/03/1986	10/04/1986	Dutch	—
Full model	31/12/1984	27/03/1985	04/04/1985	English	—
m903-p	31/12/1983	28/03/1984	30/03/1984	English	—
m903-p	31/12/1982	23/03/1983	31/03/1983	English	—
m903-p	31/12/1981	24/03/1982	30/03/1982	English	—
m903-p	31/12/1980	01/01/9999	01/04/1981	English	—
m903-p	31/12/1979	01/01/9999	08/04/1980	English	—
m903-p	31/12/1978	01/01/9999	09/04/1979	Dutch	—
m903-p	31/12/1977	01/01/9999	22/06/1978	English	—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2025

4 active · 28 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elke Ceuppens	Director22/06/2021 → 14/06/2028
Kris Smolders	Director08/06/2022 → 14/06/2028
Sjoerd Hendriks	Director12/10/2023 → 14/06/2028
Stefaan De Block	Director19/09/2017 → 14/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alain Bernhad	Director08/06/2022 → 11/06/2025
Maxime Hubert	Director08/06/2022 → 11/06/2025

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/07/2026
Benoemingen - Ontslagen
PDF
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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1904

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Stefaan De Block

Kris Smolders

Sjoerd Hendriks

Elke Ceuppens

Maxime Hubert

Alain Bernhad

Sander Knip

Pieter Casier

Patrick Van Den Bosch

Guy Magera

Rogier van Vlijmen

Ann Van Dessel

and 20 more mandates

196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

AKZO NOBEL PAINTS BELGIUM

Leuvensesteenweg 248 bte B, 1800 Vilvoorde

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Leuvensesteenweg 248 bte B, 1800 VilvoordeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00302436

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AKZO NOBEL PAINTS BELGIUMCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00302436

Events

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 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 M €↓
2018
Annual accounts 20189,9 M €↑
2017
Annual accounts 20178,4 M €↓
2016
Annual accounts 201617,5 M €↑
2015
Annual accounts 201510 M €↓
2014
Annual accounts 201413,1 M €↑
2012
Annual accounts 201212 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

AKZO NOBEL PAINTS 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

Registered offices

Company names

Events