ACTIVE

B.S.A. INTERNATIONAL

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Financial year 2025 · Closed on 31/12/2025

Net result23,1 M €+110,6 %over 1 year

Revenue161,4 M €-3,7 %over 1 year

Equity2,9 Md €+0,8 %over 1 year

Workforce22,5 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

B.S.A. INTERNATIONAL is a Public limited company incorporated in 1990. Its main activity is: Activities of holding companies. Its registered office is in Anderlecht. It employs on average 22,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0443.205.173
Incorporation: 23/11/1990
Legal form: Public limited company
Registered office: Rue des Vétérinaires 42F
1070 Anderlecht · BruxellesSee on map
Contributed capital: 1 787 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 22,5 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74131Specialised design activities 74855Other professional, scientific and technical activities 82100Office administrative and support activities 82110Combined office administrative service activities+2

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 47 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	161,4 M €	-3.7%	167,6 M €	-3.8%	174,2 M €	+3.6%	168,3 M €	+10.5%	152,3 M €
EBITDA	6,5 M €	+52.2%	4,3 M €	-63.5%	11,7 M €	-23.8%	15,3 M €	+189%	-17,3 M €
Operating result	-3,5 M €	+25.8%	-4,7 M €	-707%	-578 k €	-110%	6,1 M €	+130%	-20 M €
Net result	23,1 M €	+111%	-218,7 M €	-517%	-35,5 M €	-111%	335,8 M €	+2283%	14,1 M €
Balance sheet
Equity	2,9 Md €	+0.8%	2,8 Md €	-7.1%	3,1 Md €	-1.1%	3,1 Md €	+12.2%	2,8 Md €
Total assets	3,4 Md €	-1.4%	3,5 Md €	-8.0%	3,8 Md €	-0.9%	3,8 Md €	-12.1%	4,3 Md €
Cash	455,2 k €	+14.9%	396,1 k €	+205%	129,7 k €	+6.6%	121,6 k €	+1363%	8,3 k €
Debts	544,3 M €	-11.4%	614,7 M €	-10.4%	686,1 M €	-5.5%	725,6 M €	-54.2%	1,6 Md €
Other
Workforce	22,5 ETP	0.0%	22,5 ETP	+7.7%	20,9 ETP	+14.2%	18,3 ETP	+7.6%	17,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 32 ended

Active mandates

OLIVIER SAVARY

Director · since 21 juin 2023 · until 29 mai 2028

Active

EMMANUEL BESNIER

Managing director · since 10 juin 2022 · until 29 mai 2028

Active

FRANCOIS DETANDT

Director · since 10 juin 2022 · until 29 mai 2028

Active

JEAN-MICHEL BESNIER

Director · since 24 juin 2021 · until 31 mai 2027

Active

Ended mandates

MICHEL PESLIER

Director · since 21 juin 2019 · until 26 mai 2025

Ended

OLIVIER SAVARY

Director · since 22 juin 2017 · until 22 juin 2023

Ended

Jean-Michel Besnier

Director · since 13 mars 2015 · until 05 juin 2021

Ended

Jean-Michel Besnier

Director · since 13 mars 2015 · until 18 juin 2021

Ended

Other companies at this address

Rue des Vétérinaires 42F 1070 Anderlecht

Company	CBE no.
LACTALIS Belgique● Active	0443.872.394
LACTALIS NESTLE PRODUITS FRAIS● Active	0884.211.418
PARMALAT BELGIUM● Active	0463.897.154
SANULAC NUTRITION● Active	0713.506.066
SOMALAC● Active	0713.505.967
TRANSCITERNE BENELUX● Active	0416.750.503

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	16/06/2026	05/12/2025	24/06/2024	29/06/2023	16/06/2022	07/07/2021
General meeting	12/06/2026	20/06/2025	21/06/2024	21/06/2023	10/06/2022	24/06/2021
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, 47 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/06/2026	16/06/2026	French	PDF
Consolidated accounts	31/12/2025	12/06/2026	12/06/2026	French	PDF
Full model	31/12/2024	20/06/2025	05/12/2025	French	PDF
Consolidated accounts	31/12/2024	20/06/2025	08/12/2025	French	PDF
Full model	31/12/2023	21/06/2024	24/06/2024	French	PDF
Consolidated accounts	31/12/2023	21/06/2024	27/06/2024	French	PDF
Full model	31/12/2022	21/06/2023	29/06/2023	French	PDF
Consolidated accountsCorrection	31/12/2022	21/06/2023	16/05/2024	French	PDF
Consolidated accounts	31/12/2022	21/06/2023	26/06/2023	French	PDF
Full model	31/12/2021	10/06/2022	16/06/2022	French	PDF
Consolidated accounts	31/12/2021	10/06/2022	16/06/2022	French	PDF
Full model	31/12/2020	24/06/2021	07/07/2021	French	PDF
Consolidated accounts	31/12/2020	24/06/2021	06/07/2021	French	PDF
Full model	31/12/2019	25/06/2020	14/07/2020	French	PDF
Consolidated accounts	31/12/2019	25/06/2020	14/07/2020	French	PDF
Full model	31/12/2018	20/06/2019	04/07/2019	French	PDF
Consolidated accounts	31/12/2018	20/06/2019	04/07/2019	French	PDF
Full model	31/12/2017	20/06/2018	03/07/2018	French	PDF
Consolidated accounts	31/12/2017	20/06/2018	09/07/2018	French	PDF
Full model	31/12/2016	22/06/2017	08/12/2017	French	PDF
Consolidated accounts	31/12/2016	07/12/2017	08/12/2017	French	PDF
Full model	31/12/2015	02/06/2016	16/06/2016	French	PDF
Full modelCorrection	31/12/2014	18/06/2015	22/10/2015	French	PDF
Full model	31/12/2014	18/06/2015	31/07/2015	French	PDF

View all 47 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 32 ended

Active mandates

OLIVIER SAVARY

Director · since 21 juin 2023 · until 29 mai 2028

Active

EMMANUEL BESNIER

Managing director · since 10 juin 2022 · until 29 mai 2028

Active

FRANCOIS DETANDT

Director · since 10 juin 2022 · until 29 mai 2028

Active

JEAN-MICHEL BESNIER

Director · since 24 juin 2021 · until 31 mai 2027

Active

Ended mandates

MICHEL PESLIER

Director · since 21 juin 2019 · until 26 mai 2025

Ended

OLIVIER SAVARY

Director · since 22 juin 2017 · until 22 juin 2023

Ended

Jean-Michel Besnier

Director · since 13 mars 2015 · until 05 juin 2021

Ended

Jean-Michel Besnier

Director · since 13 mars 2015 · until 18 juin 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares24/02/2025
CAPITAL, ACTIONS
PDF
Mandates17/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other11/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates19/04/2022
DEMISSIONS, NOMINATIONS
PDF
Restructuring29/06/2021
DIVERS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring19/04/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202523,1 M €↑
2024
Annual accounts 2024-218,7 M €↓
24/12/2024
cession
21/06/2024
reconductionErnst & Young Réviseurs d'entreprises SCRL — commissaire
2023
Annual accounts 2023-35,5 M €↓
21/06/2023
reconductionOlivier SAVARY — administrateur
2022
Annual accounts 2022335,8 M €↑
10/06/2022
reconductionEmmanuel BESNIER — administrateur
10/06/2022
reconductionFrançois DETANDT — administrateur
2021
Annual accounts 202114,1 M €↓
24/06/2021
reconductionJean-Michel BESNIER — administrateur
24/06/2021
reconductionErnst & Young Réviseurs d'entreprises SCRL — commissaire
2021
Name changeBSA INTERNATIONAL
2020
Annual accounts 2020128 M €↓
2019
Annual accounts 2019275,4 M €↑
2018
Annual accounts 201870,7 M €↓
2017
Annual accounts 201791,3 M €↑
2016
Annual accounts 201626,4 M €↓
2015
Annual accounts 201597,6 M €↑
2014
Annual accounts 201456 M €↑
2014
Name changeB.S.A. INTERNATIONAL
2013
Annual accounts 201335,2 M €↑
2011
Annual accounts 20117,3 M €
23/11/1990
IncorporationPublic limited company

B.S.A. INTERNATIONAL

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