ACTIVE

IKEA BELGIUM

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Financial year 2025 · closed on 31/08/2025

Net result

72,9 M €

-8.4% YoY

Revenue

1,1 Md €

-1.4% YoY

Equity

27 M €

-0.0% YoY

Workforce

3 338,7 ETP

+2.1% YoY

What does IKEA BELGIUM do?

IKEA BELGIUM is a Public limited company incorporated in 1983. Its registered office is in Zaventem. It employs on average 3 338,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.258.688

Incorporation

28/12/1983

Legal form

Public limited company

Registered office

Weiveldlaan 19
1930 Zaventem · FlandreSee on map

Contributed capital

24 500 388,30 €

Latest accounts

31/08/2025

Average workforce

3 338,7 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	1,1 Md €	-1.4%	1,2 Md €	-1.0%	1,2 Md €	+16.7%	1 Md €	+3.0%	978,8 M €	+5.2%	930,5 M €	-4.8%	977,5 M €	+7.0%	913,2 M €	+1.2%	902,8 M €	+7.9%	836,4 M €	+11.2%	752 M €	+2.5%	733,5 M €	+4.1%	705 M €	+4.3%	676,2 M €	+4.9%	644,4 M €	+3.2%	624,3 M €	+6.4%	587 M €	+6.0%	553,6 M €	+4.6%	529,2 M €
EBITDA	120,8 M €	-8.0%	131,4 M €	-1.4%	133,2 M €	+57.8%	84,4 M €	-11.3%	95,2 M €	-0.5%	95,6 M €	+34.8%	70,9 M €	-10.3%	79 M €	+7.3%	73,7 M €	+98.5%	37,1 M €	-36.8%	58,7 M €	+10.2%	53,2 M €	-21.0%	67,4 M €	+22.6%	54,9 M €	-33.5%	82,6 M €	+12.1%	73,7 M €	+31.8%	56 M €	-16.9%	67,4 M €	-3.5%	69,8 M €
Operating result	98 M €	-10.5%	109,4 M €	-1.9%	111,5 M €	+76.7%	63,1 M €	-11.0%	70,9 M €	+2.3%	69,4 M €	+69.3%	41 M €	-12.9%	47 M €	-19.2%	58,2 M €	+142%	24 M €	-49.6%	47,7 M €	+10.9%	43 M €	-23.2%	56 M €	+21.8%	46 M €	-37.8%	73,9 M €	+11.0%	66,6 M €	+33.4%	49,9 M €	-20.6%	62,9 M €	-0.7%	63,3 M €
Net result	72,9 M €	-8.4%	79,7 M €	-2.3%	81,5 M €	+80.5%	45,2 M €	-15.0%	53,2 M €	+13.4%	46,9 M €	+0.5%	46,7 M €	+43.1%	32,6 M €	-28.9%	45,8 M €	+61.6%	28,4 M €	-33.8%	42,8 M €	+3.8%	41,3 M €	-11.6%	46,7 M €	+24.4%	37,5 M €	-33.6%	56,5 M €	+21.4%	46,5 M €	+22.5%	38 M €	-18.5%	46,6 M €	+6.4%	43,8 M €
Balance sheet
Equity	27 M €	-0.0%	27 M €	+0.0%	27 M €	+0.0%	27 M €	-0.0%	27 M €	-0.0%	27 M €	+0.0%	27 M €	+0.0%	27 M €	-0.7%	27,2 M €	-1.0%	27,4 M €	-1.1%	27,7 M €	-1.0%	28 M €	-1.0%	28,3 M €	-1.0%	28,6 M €	+315%	6,9 M €	-4.8%	7,2 M €	-3.9%	7,5 M €	-3.1%	7,8 M €	-4.2%	8,1 M €
Total assets	326,4 M €	+0.1%	326 M €	-5.2%	343,8 M €	+21.8%	282,2 M €	-8.6%	308,6 M €	-3.9%	321,1 M €	+5.2%	305,4 M €	-7.4%	330 M €	+53.8%	214,6 M €	-2.0%	219,1 M €	+18.4%	185,1 M €	-33.2%	277,2 M €	+1.8%	272,4 M €	-3.3%	281,6 M €	-0.1%	281,9 M €	+13.9%	247,5 M €	+1.4%	244,1 M €	+7.4%	227,3 M €	-6.3%	242,5 M €
Cash	17,2 M €	+25.2%	13,7 M €	+133%	5,9 M €	-7.8%	6,4 M €	-13.0%	7,3 M €	+1.9%	7,2 M €	-47.5%	13,7 M €	+74.1%	7,9 M €	+18.5%	6,6 M €	+0.7%	6,6 M €	+64.1%	4 M €	-59.8%	10 M €	-7.9%	10,9 M €	+71.4%	6,3 M €	-24.9%	8,4 M €	+85.5%	4,5 M €	-54.7%	10 M €	-30.0%	14,3 M €	+41.8%	10,1 M €
Debts	296,6 M €	+0.3%	295,6 M €	-5.6%	313,1 M €	+24.4%	251,8 M €	-9.4%	278 M €	-2.1%	284,1 M €	+4.6%	271,6 M €	-9.2%	299 M €	+61.6%	185,1 M €	-2.4%	189,7 M €	+22.1%	155,4 M €	-36.4%	244,3 M €	+2.1%	239,2 M €	-3.0%	246,5 M €	-8.1%	268,1 M €	+16.2%	230,7 M €	-1.4%	233,9 M €	+8.5%	215,6 M €	-6.5%	230,6 M €
Other
Workforce	3 338,7 ETP	+2.1%	3 269,8 ETP	+1.1%	3 232,8 ETP	-2.6%	3 319,7 ETP	+1.9%	3 258,2 ETP	+5.7%	3 082,6 ETP	-0.7%	3 104,4 ETP	-0.7%	3 125,0 ETP	+3.7%	3 014,6 ETP	+6.3%	2 836,2 ETP	+17.3%	2 417,5 ETP	+5.2%	2 297,0 ETP	+4.7%	2 193,2 ETP	+6.4%	2 061,2 ETP	+7.0%	1 926,4 ETP	+1.3%	1 901,3 ETP	-0.4%	1 908,0 ETP	+8.8%	1 754,3 ETP	+5.4%	1 664,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/08/2025 · 4 active · 62 ended

Active mandates

Valentina Cirell

Lid van toezichtsraad · since 01 avril 2025 · until 17 novembre 2025

Active

Stefan Vanoverbeke

Lid van toezichtsraad · since 01 janvier 2024 · until 17 novembre 2025

Active

Maria Nilsson Karnell

Lid van toezichtsraad · since 14 octobre 2023 · until 17 novembre 2025

Active

Martina Parker-Norton

Lid van toezichtsraad · since 14 octobre 2023 · until 01 avril 2025

Active

Ended mandates

Stefan Vanoverbeke

Lid van toezichtsraad · since 01 janvier 2024 · until 15 novembre 2024

Ended

Maria Nilsson Karnell

Lid van toezichtsraad · since 14 octobre 2023 · until 15 novembre 2023

Ended

Maria Nilsson Karnell

Lid van toezichtsraad · since 14 octobre 2023 · until 15 novembre 2024

Ended

Martina Parker-Norton

Lid van toezichtsraad · since 14 octobre 2023 · until 15 novembre 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	m121-f-p	m121-f-p
Start of the financial year	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/11/2025	21/11/2024	03/01/2024	15/12/2022	14/02/2022	20/12/2021
General meeting	17/11/2025	15/11/2024	15/11/2023	15/11/2022	25/11/2021	19/11/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

34 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/08/2025	17/11/2025	19/11/2025	Dutch	PDF
m121-f-p	31/08/2025	04/11/2025	23/03/2026	English	PDF
Full model	31/08/2024	15/11/2024	21/11/2024	Dutch	PDF
m121-f-p	31/08/2024	19/11/2024	23/03/2026	English	PDF
Full model	31/08/2023	15/11/2023	03/01/2024	Dutch	PDF
m121-f-p	31/08/2023	22/11/2023	28/03/2024	English	PDF
Full model	31/08/2022	15/11/2022	15/12/2022	Dutch	PDF
m121-f-p	31/08/2022	23/11/2022	26/06/2023	English	PDF
Full model	31/08/2021	15/11/2021	10/12/2021	Dutch	PDF
m121-f-p	31/08/2021	25/11/2021	14/02/2022	English	PDF
Full model	31/08/2020	16/11/2020	17/11/2020	Dutch	PDF
m121-f-p	31/08/2020	19/11/2020	20/12/2021	Dutch	PDF
Full model	31/08/2019	15/11/2019	04/12/2019	Dutch	PDF
m121-f-p	31/08/2019	01/01/9999	20/12/2021	Dutch	PDF
Full model	31/08/2018	15/11/2018	24/12/2018	Dutch	PDF
m121-f-p	31/08/2018	19/11/2018	23/04/2019	Dutch	PDF
Full model	31/08/2017	15/11/2017	22/12/2017	Dutch	PDF
m121-f-p	31/08/2017	31/01/2018	09/04/2018	Dutch	PDF
Full model	31/08/2016	15/11/2016	14/12/2016	Dutch	PDF
m121-f-p	31/08/2016	29/11/2016	27/02/2017	Dutch	PDF
Full model	31/08/2015	16/11/2015	24/12/2015	Dutch	PDF
m121-f-p	31/08/2015	01/12/2015	22/08/2016	Dutch	PDF
Full model	31/08/2014	17/11/2014	12/12/2014	Dutch	PDF
m121-f-p	31/08/2014	15/01/2015	26/06/2015	Dutch	PDF

View all 34 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 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.

Governance

Board of directors

Seen on filing of 31/08/2025 · 4 active · 62 ended

Active mandates

Valentina Cirell

Lid van toezichtsraad · since 01 avril 2025 · until 17 novembre 2025

Active

Stefan Vanoverbeke

Lid van toezichtsraad · since 01 janvier 2024 · until 17 novembre 2025

Active

Maria Nilsson Karnell

Lid van toezichtsraad · since 14 octobre 2023 · until 17 novembre 2025

Active

Martina Parker-Norton

Lid van toezichtsraad · since 14 octobre 2023 · until 01 avril 2025

Active

Ended mandates

Stefan Vanoverbeke

Lid van toezichtsraad · since 01 janvier 2024 · until 15 novembre 2024

Ended

Maria Nilsson Karnell

Lid van toezichtsraad · since 14 octobre 2023 · until 15 novembre 2023

Ended

Maria Nilsson Karnell

Lid van toezichtsraad · since 14 octobre 2023 · until 15 novembre 2024

Ended

Martina Parker-Norton

Lid van toezichtsraad · since 14 octobre 2023 · until 15 novembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2022
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 202572,9 M €↓
01/04/2025
nominationValentina Cirella — lid van de Raad Van Toezicht
2024
Annual accounts 202479,7 M €↓
01/01/2024
nominationStefan Vanoverbeke — lid van de Raad van Toezicht
14/10/2023
nominationMaria Therese Nilsson Karnell — bestuurdersleden van de Raad van Toezicht
14/10/2023
nominationMartina Parker-Norton — bestuurdersleden van de Raad van Toezicht
14/10/2023
demissionRob Werkman — bestuursleden van de Raad van Toezicht
14/10/2023
demissionAnna Louise Bergstrand — bestuursleden van de Raad van Toezicht
2023
Annual accounts 202381,5 M €↑
2022
Annual accounts 202245,2 M €↓
2021
Annual accounts 202153,2 M €↑
2020
Annual accounts 202046,9 M €↑
2019
Annual accounts 201946,7 M €↑
2018
Annual accounts 201832,6 M €↓
2017
Annual accounts 201745,8 M €↑
2016
Annual accounts 201628,4 M €↓
2015
Annual accounts 201542,8 M €↑
2014
Annual accounts 201441,3 M €↓
2013
Annual accounts 201346,7 M €↑
2012
Annual accounts 201237,5 M €↓
2011
Annual accounts 201156,5 M €↑
2010
Annual accounts 201046,5 M €↑
2009
Annual accounts 200938 M €↓
2008
Annual accounts 200846,6 M €↑
2007
Annual accounts 200743,8 M €
28/12/1983
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

IKEA BELGIUM

Overview

What does IKEA BELGIUM do?

Trend over 19 financial years

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