ACTIVE

Nippon Sanso Belgium

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Financial year 2026 · Closed on 31/03/2026

Net result14,6 M €+40,6 %over 1 year
Revenue174,1 M €-2,2 %over 1 year
Equity183,4 M €+8,6 %over 1 year
Workforce279,3 ETP+0,7 %over 1 year

Identity

Source · BCE/KBO

Nippon Sanso Belgium is a Public limited company incorporated in 1989. Its main activity is: Manufacture of industrial gases. Its registered office is in Olen. It employs on average 279,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.719.221
Incorporation
31/10/1989
Legal form
Public limited company
Registered office
Lammerdries-Oost 29
2250 Olen · FlandreSee on map
Contributed capital
154 019 014,59 €
Latest accounts
31/03/2026
Average workforce
279,3 ETP
Joint committees (2)
  • 116
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20262025202420232022
Income statement
Revenue174,1 M €178 M €184,9 M €166 M €134,2 M €
EBITDA41,6 M €34,6 M €32,3 M €23,7 M €24,7 M €
Operating result19,7 M €13,2 M €12,9 M €4,2 M €5,7 M €
Net result14,6 M €10,4 M €9,8 M €38 M €15,3 M €
Balance sheet
Equity183,4 M €168,8 M €178,4 M €181,9 M €260,9 M €
Total assets238,1 M €232,2 M €246,5 M €248,2 M €308 M €
Cash4,3 M €4,7 M €6 M €5,5 M €5 M €
Debts51,9 M €62 M €67 M €65,2 M €45,5 M €
Other
Workforce279,3 ETP277,3 ETP269,3 ETP22 150,0 ETP250,8 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 31/03/2026

4 active · 41 ended

Active mandates

WILLEM DE RAEDT

Director · since 01 juillet 2024 · until 17 juin 2027

Active
FRANS RUTTEN

Managing director · since 01 juillet 2022 · until 17 juin 2027

Active
JOHAN DESMET

Director · since 01 juillet 2022 · until 17 juin 2027

Active
STIJN GEUKENS

Director · since 01 juillet 2022 · until 17 juin 2027

Active

Ended mandates

FRANS RUTTEN

Managing director · since 01 juillet 2022 · until 16 septembre 2027

Ended
JOHAN DESMET

Director · since 01 juillet 2022 · until 16 septembre 2027

Ended
STIJN GEUKENS

Director · since 01 juillet 2022 · until 21 septembre 2023

Ended
STIJN GEUKENS

Director · since 01 juillet 2022 · until 16 septembre 2027

Ended

Other companies at this address

Lammerdries-Oost 29 2250 Olen
CompanyCBE no.
Antwerpse Chemische Bedrijven● Active
0403.707.862
NITRACO● Active
0450.334.376

Full financial information

Source · NBB
202620252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/07/202611/08/202509/07/202411/10/202327/09/202224/09/2021
General meeting25/06/202626/06/202527/06/202421/09/202315/09/202216/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202625/06/202607/07/2026DutchPDF
Full model31/03/202526/06/202511/08/2025DutchPDF
Full model31/03/202427/06/202409/07/2024DutchPDF
Full model31/03/202321/09/202311/10/2023DutchPDF
Full model31/03/202215/09/202227/09/2022DutchPDF
Full model31/03/202116/09/202124/09/2021DutchPDF
Full model31/03/202017/09/202008/10/2020DutchPDF
Full model31/03/201919/09/201914/10/2019DutchPDF
Full model31/12/201721/06/201806/07/2018DutchPDF
Full model31/12/201615/06/201728/06/2017DutchPDF
Full model31/12/201523/06/201611/07/2016DutchPDF
Full model31/12/201425/06/201501/07/2015DutchPDF
Full model31/12/201319/06/201427/06/2014DutchPDF
Full model31/12/201227/06/201303/07/2013DutchPDF
Full model31/12/201121/06/201210/07/2012DutchPDF
Full model31/12/201016/06/201111/07/2011DutchPDF
Full model31/12/200917/06/201022/06/2010DutchPDF
Full model31/12/200818/06/200923/06/2009DutchPDF
Full model31/12/200719/06/200825/06/2008DutchPDF
Full model31/12/200629/06/200710/07/2007DutchPDF

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 31/03/2026

4 active · 41 ended

Active mandates

WILLEM DE RAEDT

Director · since 01 juillet 2024 · until 17 juin 2027

Active
FRANS RUTTEN

Managing director · since 01 juillet 2022 · until 17 juin 2027

Active
JOHAN DESMET

Director · since 01 juillet 2022 · until 17 juin 2027

Active
STIJN GEUKENS

Director · since 01 juillet 2022 · until 17 juin 2027

Active

Ended mandates

FRANS RUTTEN

Managing director · since 01 juillet 2022 · until 16 septembre 2027

Ended
JOHAN DESMET

Director · since 01 juillet 2022 · until 16 septembre 2027

Ended
STIJN GEUKENS

Director · since 01 juillet 2022 · until 21 septembre 2023

Ended
STIJN GEUKENS

Director · since 01 juillet 2022 · until 16 septembre 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other20/03/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DIVERSEN
    PDF
  • Registered office29/09/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates21/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING
    PDF
  • Capital / shares26/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other02/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates04/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/02/2022
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2026
    Annual accounts 202614,6 M €↑
  2. 2026
    Name changeNIPPON SANSO BELGIUM
  3. 2025
    Annual accounts 202510,4 M €↑
  4. 01/07/2024
    nominationDe Raedt Willem — bestuurder
  5. 2024
    Annual accounts 20249,8 M €↓
  6. 2023
    Annual accounts 202338 M €↑
  7. 20/01/2023
    reduction_capital
  8. 01/07/2022
    nominationFrans Rutten — gedelegeerd bestuurder
  9. 01/07/2022
    nominationStijn Geukens — bestuurder
  10. 01/07/2022
    reconductionJohan Desmet — bestuurder
  11. 01/07/2022
    reconductionFrans Rutten — bestuurder
  12. 2022
    Annual accounts 202215,3 M €↑
  13. 2022
    Name changeNIPPON GASES BELGIUM
  14. 2021
    Annual accounts 20216,1 M €↑
  15. 2020
    Annual accounts 20203,6 M €↓
  16. 2019
    Annual accounts 201916,3 M €↑
  17. 2017
    Annual accounts 20173,1 M €↑
  18. 2016
    Annual accounts 20161,5 M €↓
  19. 2015
    Annual accounts 20154,5 M €↑
  20. 2014
    Annual accounts 20144,3 M €↑
  21. 2013
    Annual accounts 20133,8 M €↓
  22. 2012
    Annual accounts 20125,3 M €↓
  23. 2011
    Annual accounts 20116,6 M €↓
  24. 2010
    Annual accounts 20108,1 M €↑
  25. 2009
    Annual accounts 20096,4 M €↑
  26. 2008
    Annual accounts 20083,9 M €
  27. 31/10/1989
    IncorporationPublic limited company