ACTIVE

Novo Nordisk Production Belgium SA

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Financial year 2025 · Closed on 31/12/2025

Net result11,9 M €+257,9 %over 1 year
Revenue258,6 M €+92,2 %over 1 year
Equity74,2 M €+19,0 %over 1 year
Workforce587,2 ETP+5,2 %over 1 year

Identity

Source · BCE/KBO

Novo Nordisk Production Belgium SA is a Public limited company incorporated in 1999. Its main activity is: Manufacture of pharmaceutical preparations. Its registered office is in Bruxelles. It employs on average 587,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0465.935.738
Incorporation
22/04/1999
Legal form
Public limited company
Registered office
Font Saint Landry 10
1120 Bruxelles · BruxellesSee on map
Contributed capital
117 036 123,45 €
Latest accounts
31/12/2025
Average workforce
587,2 ETP
Joint committees (3)
  • 116
  • 207
  • 217
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 15 financial years

20252024202320222018
Income statement
Revenue258,6 M €134,6 M €57 M €52,3 M €76,9 M €
EBITDA35,5 M €3 M €20,4 M €-35,3 M €11 M €
Operating result14,9 M €-6,6 M €8,2 M €-45,5 M €5,1 M €
Net result11,9 M €-7,5 M €5,6 M €-46,7 M €3,8 M €
Balance sheet
Equity74,2 M €62,4 M €69,9 M €64,2 M €8,1 M €
Total assets153,5 M €138,2 M €115,3 M €138,8 M €91,6 M €
Cash6,5 M €6,9 M €1,3 M €42,3 M €2,9 M €
Debts65,4 M €52,2 M €21,1 M €62,1 M €72,7 M €
Other
Workforce587,2 ETP558,2 ETP540,6 ETP515,6 ETP367,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 37 ended

Active mandates

Dzenana CENGIC

Managing director · since 01 septembre 2025 · until 10 juin 2031

Active
Geoffroy BECKERS

Managing director · since 25 juin 2025 · until 10 juin 2031

Active
Sabine CARLINO

Director · since 25 juin 2025 · until 10 juin 2031

Active
Andrew FINNEGAN

Director · since 18 décembre 2024 · until 10 juin 2031

Active
Erik, Lorin RASMUSSEN

Director · since 18 décembre 2024 · until 10 juin 2031

Active
John KUCKELMAN

Director · since 18 décembre 2024 · until 10 juin 2031

Active
Bruno STUTZMANN

Managing director · since 17 décembre 2024 · until 01 octobre 2025

Active
Ramon CERON

Director · since 17 décembre 2024 · until 18 décembre 2024

Active

Ended mandates

Bruno STUTZMANN

Managing director · since 17 décembre 2024 · until 18 novembre 2025

Ended
Ramon CERON

Director · since 17 décembre 2024 · until 18 novembre 2025

Ended
Ramon CERON

Director · since 13 septembre 2023 · until 19 novembre 2024

Ended
Ricardo ZAYAS RIVERA

Director · since 28 avril 2023 · until 30 juin 2024

Ended

Other companies at this address

Font Saint Landry 10 1120 Bruxelles
CompanyCBE no.
Novo Nordisk Belgium Manufacturing Holding SA● Active
0455.204.073

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year18 months12 months12 months12 months12 months12 months
Filing date31/07/202619/12/202414/12/202302/12/202205/01/202223/12/2020
General meeting01/07/202617/12/202412/12/202301/12/202221/12/202124/11/2020
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, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/12/202501/07/202631/07/2026FrenchPDF
Full model31/12/202501/07/202603/07/2026FrenchPDF
Full model30/06/202417/12/202419/12/2024FrenchPDF
Full model30/06/202312/12/202314/12/2023FrenchPDF
Full model30/06/202201/12/202202/12/2022FrenchPDF
Full model30/06/202121/12/202105/01/2022FrenchPDF
Full model30/06/202024/11/202023/12/2020FrenchPDF
Full model30/06/201919/11/201920/12/2019FrenchPDF
Full modelCorrection30/06/201820/11/201829/01/2019FrenchPDF
Full model30/06/201820/11/201805/12/2018FrenchPDF
Full model30/06/201721/11/201714/12/2017FrenchPDF
Full modelCorrection30/06/201615/11/201622/02/2017FrenchPDF
Full model30/06/201615/11/201628/12/2016FrenchPDF
Full model30/06/201524/11/201503/02/2016FrenchPDF
Full model30/06/201418/11/201417/12/2014FrenchPDF
Full model30/06/201319/11/201309/01/2014FrenchPDF
Full model30/06/201226/02/201327/02/2013FrenchPDF
Full model30/06/201115/11/201120/12/2011FrenchPDF
Full model30/06/201016/11/201026/01/2011FrenchPDF
Full model30/06/200917/11/200918/12/2009FrenchPDF
Full model30/06/200818/11/200812/12/2008FrenchPDF
Full model30/06/200731/01/200812/12/2008FrenchPDF
Full model30/06/200621/12/200628/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

8 active · 37 ended

Active mandates

Dzenana CENGIC

Managing director · since 01 septembre 2025 · until 10 juin 2031

Active
Geoffroy BECKERS

Managing director · since 25 juin 2025 · until 10 juin 2031

Active
Sabine CARLINO

Director · since 25 juin 2025 · until 10 juin 2031

Active
Andrew FINNEGAN

Director · since 18 décembre 2024 · until 10 juin 2031

Active
Erik, Lorin RASMUSSEN

Director · since 18 décembre 2024 · until 10 juin 2031

Active
John KUCKELMAN

Director · since 18 décembre 2024 · until 10 juin 2031

Active
Bruno STUTZMANN

Managing director · since 17 décembre 2024 · until 01 octobre 2025

Active
Ramon CERON

Director · since 17 décembre 2024 · until 18 décembre 2024

Active

Ended mandates

Bruno STUTZMANN

Managing director · since 17 décembre 2024 · until 18 novembre 2025

Ended
Ramon CERON

Director · since 17 décembre 2024 · until 18 novembre 2025

Ended
Ramon CERON

Director · since 13 septembre 2023 · until 19 novembre 2024

Ended
Ricardo ZAYAS RIVERA

Director · since 28 avril 2023 · until 30 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/09/2026
    Démission et nomination d'un administrateur et du commissaire
    PDF
  • Mandates10/12/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION
    PDF
  • Mandates15/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/08/2025
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Other07/07/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates21/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/03/2025
    DEMISSIONS, NOMINATIONS
    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 202511,9 M €↑
  2. 01/09/2025
    nominationDzenana Cengic — administrateur
  3. 31/08/2025
    nominationDzenana Cengic — administrateur délégué
  4. 25/06/2025
    nominationGeoffroy Beckers — administrateur
  5. 25/06/2025
    nominationSabine Carlino — administrateur
  6. 28/01/2025
    nominationBruno Stutzmann — administrateur
  7. 28/01/2025
    nominationRamon Ceron — administrateur
  8. 28/01/2025
    nominationGrant Thornton Réviseurs d’ Entreprises — commissaire
  9. 2025
    Name changeNovo Nordisk Production Belgium SA
  10. 18/12/2024
    nominationErik Lorin Rasmussen — administrateur
  11. 18/12/2024
    nominationJohn Kuckelman — administrateur
  12. 18/12/2024
    nominationJonas Emil Kongshoj — administrateur
  13. 18/12/2024
    nominationAndrew Finnegan — administrateur
  14. 2024
    Annual accounts 2024-7,5 M €↓
  15. 12/12/2023
    demissionCeron Ramon — administrateur
  16. 12/12/2023
    nominationRamon Javier Ceron — administrateur
  17. 2023
    Annual accounts 20235,6 M €↑
  18. 28/04/2023
    nominationSteven Fasman — administrateur
  19. 28/04/2023
    nominationRicardo Zayas Rivera — administrateur
  20. 01/12/2022
    nominationBruno Stutzmann — administrateur
  21. 01/12/2022
    nominationThomas MEURICE — représentant du commissaire
  22. 28/11/2022
    nominationGeoffroy Beckers — délégué à la gestion journalière
  23. 2022
    Annual accounts 2022-46,7 M €↓
  24. 29/06/2022
    augmentation_capital
  25. 2018
    Annual accounts 20183,8 M €↑
  26. 2016
    Annual accounts 2016-5,6 M €↑
  27. 2015
    Annual accounts 2015-7,4 M €↓
  28. 2014
    Annual accounts 2014-1,4 M €↑
  29. 2013
    Annual accounts 2013-10,4 M €↓
  30. 2012
    Annual accounts 2012-7,5 M €↓
  31. 2011
    Annual accounts 20114,8 M €↓
  32. 2010
    Annual accounts 20105,4 M €↑
  33. 2009
    Annual accounts 2009-2,8 M €↓
  34. 2008
    Annual accounts 2008-1,1 M €↑
  35. 2007
    Annual accounts 2007-13,6 M €
  36. 2007
    Name changeCATALENT BELGIUM
  37. 22/04/1999
    IncorporationPublic limited company