ACTIVE

Ashland Specialties Belgium

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Financial year 2025 · Closed on 30/09/2025

Net result2,4 M €-24,9 %over 1 year

Revenue19,6 M €+16,3 %over 1 year

Equity80,9 M €+3,0 %over 1 year

Workforce114,9 ETP-19,9 %over 1 year

Identity

Source · BCE/KBO

Ashland Specialties Belgium is a Private limited company incorporated in 1998. Its main activity is: Manufacture of plastics in primary forms. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 114,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.974.844
Incorporation: 24/12/1998
Legal form: Private limited company
Registered office: Geslecht(KAL) 2
9130 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital: 15 174 582,66 €
Latest accounts: 30/09/2025
Average workforce: 114,9 ETP

Activities (NACE)

20160Manufacture of plastics in primary forms· main 20160Manufacture of plastics in primary forms 20590Manufacture of other chemical products n.e.c.20590Manufacture of other chemical products n.e.c.24160Manufacture of basic iron and steel and of ferro-alloys 24660Manufacture of basic metals+4

Joint committees (4)

116
1160
207
2070

Signals

ProfitableSolid equityLow riskGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	19,6 M €	+16.3%	16,8 M €	+29.6%	13 M €	-29.1%	18,3 M €	+12.2%	16,3 M €
EBITDA	-6,1 M €	-122%	27,2 M €	+107%	13,1 M €	+190%	4,5 M €	+29.4%	3,5 M €
Operating result	2,2 M €	-15.4%	2,6 M €	-56.8%	6 M €	+276%	1,6 M €	+139%	-4,1 M €
Net result	2,4 M €	-24.9%	3,2 M €	-48.5%	6,2 M €	+195%	2,1 M €	+157%	-3,7 M €
Balance sheet
Equity	80,9 M €	+3.0%	78,6 M €	+4.2%	75,4 M €	+8.9%	69,3 M €	+3.1%	67,2 M €
Total assets	94,9 M €	-15.6%	112,4 M €	+16.4%	96,5 M €	+5.2%	91,7 M €	+3.9%	88,3 M €
Cash	36,1 k €	-44.4%	64,9 k €	-38.9%	106,1 k €	-51.1%	216,8 k €	-73.7%	823,1 k €
Debts	12,1 M €	-33.9%	18,3 M €	-3.7%	19 M €	-5.9%	20,1 M €	+33.7%	15,1 M €
Other
Workforce	114,9 ETP	-19.9%	143,5 ETP	-1.6%	145,8 ETP	+3.8%	140,4 ETP	-6.0%	149,3 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 30/09/2025

3 active · 16 ended

Active mandates

Dingeman Van Der Heiden

Director · since 01 décembre 2021 · until 01 mars 2027

Active

Kevin Daniel Higgins

Director · since 15 septembre 2016

Active

Erik Van Hove

Director · since 01 octobre 2011

Active

Ended mandates

Federica Bertola

Director · since 29 mars 2019 · until 01 décembre 2021

Ended

Federica Bertola

Director · since 29 mars 2019

Ended

Federica Bertola

Manager · since 29 mars 2019

Ended

Kevin Daniel Higgins

Manager · since 15 septembre 2016

Ended

Other companies at this address

Geslecht(KAL) 2 9130 Beveren-Kruibeke-Zwijndrecht

Company	CBE no.
Hercules Holding B.V.● Active	0466.326.906
PERSONEELSCLUB ASHLAND● Active	0466.852.783

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/04/2026	24/06/2025	05/04/2024	05/04/2023	04/04/2022	02/04/2021
General meeting	31/03/2026	10/06/2025	28/03/2024	28/03/2023	30/03/2022	30/03/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	31/03/2026	14/04/2026	Dutch	PDF
Full model	30/09/2024	10/06/2025	24/06/2025	Dutch	PDF
Full model	30/09/2023	28/03/2024	05/04/2024	Dutch	PDF
Full model	30/09/2022	28/03/2023	05/04/2023	Dutch	PDF
Full model	30/09/2021	30/03/2022	04/04/2022	Dutch	PDF
Full model	30/09/2020	30/03/2021	02/04/2021	Dutch	PDF
Full model	30/09/2019	10/04/2020	24/04/2020	Dutch	PDF
Full model	30/09/2018	29/03/2019	26/04/2019	Dutch	PDF
Full model	30/09/2017	30/03/2018	17/04/2018	Dutch	PDF
Full model	30/09/2016	31/03/2017	10/04/2017	Dutch	PDF
Full model	30/09/2015	31/03/2016	15/04/2016	Dutch	PDF
Full model	30/09/2014	31/03/2015	28/04/2015	Dutch	PDF
Full model	30/09/2013	28/03/2014	19/05/2014	Dutch	PDF
Full model	30/09/2012	29/03/2013	28/05/2013	Dutch	PDF
Full model	30/09/2011	05/03/2012	20/03/2012	Dutch	PDF
Full model	30/09/2010	31/03/2011	28/04/2011	Dutch	PDF
Full model	30/09/2009	31/03/2010	29/04/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	17/07/2009	Dutch	PDF
Full model	31/12/2007	11/06/2008	15/07/2008	Dutch	PDF
Full model	31/12/2006	11/06/2007	27/06/2007	Dutch	PDF

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 30/09/2025

3 active · 16 ended

Active mandates

Dingeman Van Der Heiden

Director · since 01 décembre 2021 · until 01 mars 2027

Active

Kevin Daniel Higgins

Director · since 15 septembre 2016

Active

Erik Van Hove

Director · since 01 octobre 2011

Active

Ended mandates

Federica Bertola

Director · since 29 mars 2019 · until 01 décembre 2021

Ended

Federica Bertola

Director · since 29 mars 2019

Ended

Federica Bertola

Manager · since 29 mars 2019

Ended

Kevin Daniel Higgins

Manager · since 15 septembre 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/04/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/10/2016
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

01/04/2026
nominationMark Morobé — bestuurder
2025
Annual accounts 20252,4 M €↓
2024
Annual accounts 20243,2 M €↓
30/05/2024
nominationEY Bedrijfsrevisoren BV — commissaris
2023
Annual accounts 20236,2 M €↑
2022
Annual accounts 20222,1 M €↑
2021
Annual accounts 2021-3,7 M €↓
2020
Annual accounts 20201,7 M €↑
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 2018-1,2 M €↓
2017
Annual accounts 20172,1 M €↑
2016
Annual accounts 20161,8 M €↓
2015
Annual accounts 20151,9 M €↓
2013
Annual accounts 20134,6 M €↑
2011
Annual accounts 20111,3 M €↑
2010
Annual accounts 2010834,4 k €↑
2009
Annual accounts 2009173,1 k €↓
2008
Annual accounts 20082,7 M €
24/12/1998
IncorporationPrivate limited company

Ashland Specialties 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