ACTIVE

ANSUL

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Financial year 2025 · Closed on 31/12/2025

Net result20 M €+6,1 %over 1 year
Revenue39,6 M €+7,9 %over 1 year
Equity83,6 M €+10,5 %over 1 year
Workforce204,2 ETP+10,9 %over 1 year

Identity

Source · BCE/KBO

ANSUL is a Public limited company incorporated in 1990. Its registered office is in Ixelles. It employs on average 204,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0441.557.163
Incorporation
25/07/1990
Legal form
Public limited company
Registered office
Avenue Louise 65 box 11
1050 Ixelles · BruxellesSee on map
Contributed capital
6 213 000,00 €
Latest accounts
31/12/2025
Average workforce
204,2 ETP
Joint committees (2)
  • 111
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 48 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue39,6 M €36,7 M €36,7 M €32,9 M €30,6 M €
EBITDA10,3 M €10,8 M €11,3 M €9,5 M €9,2 M €
Operating result9,2 M €9,7 M €10,2 M €8,6 M €8,3 M €
Net result20 M €18,9 M €19,6 M €14,6 M €16,2 M €
Balance sheet
Equity83,6 M €75,6 M €74,2 M €70,4 M €66,8 M €
Total assets102 M €93,6 M €91 M €86,8 M €83,9 M €
Cash3 M €4 M €3,8 M €4,8 M €6,4 M €
Debts14,8 M €14,2 M €13,2 M €12,8 M €14 M €
Other
Workforce204,2 ETP184,2 ETP182,6 ETP176,0 ETP169,9 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 · 19 ended

Active mandates

AFL MANAGEMENT

Managing director · 0887.973.830

Represented by Xavier Mignolet

Active
Jean-Jacques Murray

Director

Active
Martin Struyf

Director

Active
Richard Pollard

Director

Active

Ended mandates

Martin Struyf

Director · since 16 mai 2019 · until 22 mai 2020

Ended
Richard Pollard

Director · since 13 août 2018 · until 16 mai 2019

Ended
Xavier Hinck

Director · since 18 mai 2017 · until 13 août 2018

Ended
Jean Christophe Pillois

Director · since 19 mai 2011 · until 21 décembre 2011

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/06/202608/09/202513/06/202410/08/202328/06/202209/06/2021
General meeting21/05/202615/05/202516/05/202418/05/202319/05/202220/05/2021
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, 48 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202521/05/202618/06/2026FrenchPDF
Full model31/12/202521/05/202618/06/2026DutchPDF
Full modelCorrection31/12/202415/05/202508/09/2025DutchPDF
Full modelCorrection31/12/202415/05/202508/09/2025FrenchPDF
Full model31/12/202415/05/202512/06/2025DutchPDF
Full model31/12/202415/05/202512/06/2025FrenchPDF
Full model31/12/202316/05/202413/06/2024DutchPDF
Full model31/12/202316/05/202413/06/2024FrenchPDF
Full modelCorrection31/12/202218/05/202310/08/2023DutchPDF
Full modelCorrection31/12/202218/05/202310/08/2023FrenchPDF
Full model31/12/202218/05/202308/06/2023FrenchPDF
Full model31/12/202218/05/202308/06/2023DutchPDF
Full modelCorrection31/12/202119/05/202228/06/2022DutchPDF
Full modelCorrection31/12/202119/05/202228/06/2022FrenchPDF
Full model31/12/202119/05/202219/05/2022DutchPDF
Full model31/12/202119/05/202219/05/2022FrenchPDF
Full model31/12/202020/05/202109/06/2021FrenchPDF
Full model31/12/202020/05/202109/06/2021DutchPDF
Full modelCorrection31/12/201922/05/202024/07/2020DutchPDF
Full modelCorrection31/12/201922/05/202024/07/2020FrenchPDF
Full model31/12/201922/05/202027/05/2020FrenchPDF
Full model31/12/201922/05/202027/05/2020DutchPDF
Full model31/12/201816/05/201905/06/2019FrenchPDF
Full model31/12/201816/05/201905/06/2019DutchPDF
Full model31/12/201717/05/201804/06/2018FrenchPDF
Full model31/12/201717/05/201804/06/2018DutchPDF
Full model31/12/201618/05/201716/06/2017DutchPDF
Full model31/12/201618/05/201716/06/2017FrenchPDF
Full model31/12/201519/05/201614/06/2016DutchPDF
Full model31/12/201519/05/201614/06/2016FrenchPDF
Full model31/12/201421/05/201504/06/2015DutchPDF
Full model31/12/201421/05/201504/06/2015FrenchPDF
Full model31/12/201315/05/201404/06/2014DutchPDF
Full model31/12/201315/05/201404/06/2014FrenchPDF
Full model31/12/201216/05/201330/05/2013DutchPDF
Full model31/12/201216/05/201330/05/2013FrenchPDF
Full model31/12/201118/05/201229/05/2012DutchPDF
Full model31/12/201118/05/201229/05/2012FrenchPDF
Full model31/12/201019/05/201130/06/2011DutchPDF
Full model31/12/201019/05/201130/06/2011FrenchPDF
Full model31/12/200920/05/201025/05/2010DutchPDF
Full model31/12/200920/05/201025/05/2010FrenchPDF
Full model31/12/200822/05/200916/06/2009DutchPDF
Full model31/12/200822/05/200916/06/2009FrenchPDF
Full model31/12/200730/04/200805/05/2008DutchPDF
Full model31/12/200730/04/200805/05/2008FrenchPDF
Full model31/12/200618/05/200703/07/2007FrenchPDF
Full model31/12/200618/05/200703/07/2007DutchPDF

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 31/12/2025

4 active · 19 ended

Active mandates

AFL MANAGEMENT

Managing director · 0887.973.830

Represented by Xavier Mignolet

Active
Jean-Jacques Murray

Director

Active
Martin Struyf

Director

Active
Richard Pollard

Director

Active

Ended mandates

Martin Struyf

Director · since 16 mai 2019 · until 22 mai 2020

Ended
Richard Pollard

Director · since 13 août 2018 · until 16 mai 2019

Ended
Xavier Hinck

Director · since 18 mai 2017 · until 13 août 2018

Ended
Jean Christophe Pillois

Director · since 19 mai 2011 · until 21 décembre 2011

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/01/2023
    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. 2025
    Annual accounts 202520 M €↑
  2. 19/08/2025
    nominationBV Grant Thornton Bedrijfsrevisoren — commissaris
  3. 19/08/2025
    nominationSRL Grant Thornton Réviseurs d'Entreprises — commissaire
  4. 15/05/2025
    nominationJean-Jacques Murray — administrateur
  5. 15/05/2025
    nominationAFL Management srl — administrateur
  6. 15/05/2025
    nominationRichard POLLARD — administrateur
  7. 15/05/2025
    nominationMartin Struyf — administrateur
  8. 15/05/2025
    nominationJean-Jacques Murray — Bestuurder
  9. 15/05/2025
    nominationAFL Management sr — Bestuurder
  10. 15/05/2025
    nominationRichard POLLARD — Bestuurder
  11. 15/05/2025
    nominationMartin Struyf — Bestuurder
  12. 2024
    Annual accounts 202418,9 M €↓
  13. 16/05/2024
    nominationJean-Jacques Murray — administrateur
  14. 16/05/2024
    nominationAFL Management srl — administrateur
  15. 16/05/2024
    nominationRichard POLLARD — administrateur
  16. 16/05/2024
    nominationMartin Struyf — administrateur
  17. 16/05/2024
    nominationRichard POLLARD — Bestuurder
  18. 16/05/2024
    nominationJean-Jacques Murray — Bestuurder
  19. 16/05/2024
    nominationAFL Management srl — Bestuurder
  20. 16/05/2024
    nominationMartin Struyf — Bestuurder
  21. 2023
    Annual accounts 202319,6 M €↑
  22. 2022
    Annual accounts 202214,6 M €↓
  23. 08/09/2022
    nominationCVBA Grant Thornton Bedrijfsrevisoren — commissaris
  24. 08/09/2022
    nominationSCRL Grant Thornton Réviseurs D'entreprises — commissaire
  25. 19/05/2022
    nominationJacques Gaston Murray — administrateur
  26. 19/05/2022
    nominationJean-Jacques Murray — administrateur
  27. 19/05/2022
    nominationRichard POLLARD — administrateur
  28. 19/05/2022
    nominationMartin Struyf — administrateur
  29. 19/05/2022
    nominationJacques Gaston Murray — Bestuurder
  30. 19/05/2022
    nominationJean-Jacques Murray — Bestuurder
  31. 19/05/2022
    nominationRichard POLLARD — Bestuurder
  32. 19/05/2022
    nominationMartin Struyf — Bestuurder
  33. 2021
    Annual accounts 202116,2 M €↑
  34. 2020
    Annual accounts 202015,7 M €↑
  35. 2019
    Annual accounts 201913,8 M €↓
  36. 2018
    Annual accounts 201814 M €↑
  37. 2017
    Annual accounts 201712 M €↓
  38. 2016
    Annual accounts 201612,4 M €↑
  39. 2015
    Annual accounts 201512,1 M €↑
  40. 2014
    Annual accounts 201411,4 M €↓
  41. 2013
    Annual accounts 201313,9 M €↓
  42. 2012
    Annual accounts 201217,4 M €↑
  43. 2011
    Annual accounts 20119,1 M €↓
  44. 2010
    Annual accounts 201012,8 M €↑
  45. 2009
    Annual accounts 20098,4 M €↑
  46. 2008
    Annual accounts 20088,1 M €↓
  47. 2007
    Annual accounts 200722,9 M €
  48. 25/07/1990
    IncorporationPublic limited company