ACTIVE

KNAUF INSULATION

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

14,5 M €

-37.7% YoY

Revenue

186,2 M €

-1.5% YoY

Equity

177,4 M €

-4.7% YoY

Workforce

445,3 ETP

+1.7% YoY

What does KNAUF INSULATION do?

KNAUF INSULATION is a Private limited company incorporated in 1999. Its main activity is: Manufacture of glass fibres. Its registered office is in Visé. It employs on average 445,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.601.069

Incorporation

24/11/1999

Legal form

Private limited company

Registered office

Rue de Maestricht(VIS) 95
4600 Visé · WallonieSee on map

Contributed capital

44 897 983,81 €

Latest accounts

31/12/2025

Average workforce

445,3 ETP

Activities (NACE)

23140Manufacture of glass fibres· main 23140Manufacture of glass fibres 26140Manufacture of electronic components and boards 70210Public relations and communication activities 73300Advertising and market research 82100Office administrative and support activities+1

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	186,2 M €	-1.5%	189,1 M €	-2.3%	193,6 M €	+9.2%	177,3 M €	-4.3%	185,2 M €	+13.9%	162,6 M €	+5.1%	154,8 M €	+19.8%	129,2 M €	+16.6%	110,8 M €	+36.8%	81 M €	+0.6%	80,4 M €	-16.3%	96,1 M €	+20.5%	79,7 M €	-6.3%	85 M €	-18.9%	104,9 M €	+1.5%	103,3 M €	-0.4%	103,7 M €	-23.6%	135,7 M €	+34.6%	100,9 M €
EBITDA	34 M €	-17.6%	41,3 M €	+1.2%	40,8 M €	+2.0%	40 M €	-21.0%	50,7 M €	-0.2%	50,8 M €	+41.0%	36 M €	+43.1%	25,2 M €	+8.7%	23,2 M €	+55.9%	14,9 M €	-2.1%	15,2 M €	+5.5%	14,4 M €	+61.0%	8,9 M €	-43.5%	15,8 M €	-11.0%	17,7 M €	+10.7%	16 M €	-1.5%	16,3 M €	+4.0%	15,6 M €	+10.7%	14,1 M €
Operating result	23 M €	-24.1%	30,3 M €	+4.0%	29,1 M €	-7.9%	31,6 M €	-26.8%	43,2 M €	+9.4%	39,5 M €	+70.2%	23,2 M €	+99.7%	11,6 M €	+12.7%	10,3 M €	+116%	4,8 M €	+423%	-1,5 M €	-221%	1,2 M €	+144%	-2,8 M €	-164%	4,4 M €	-59.0%	10,6 M €	+19.9%	8,9 M €	-10.6%	9,9 M €	+3.2%	9,6 M €	+8.6%	8,8 M €
Net result	14,5 M €	-37.7%	23,3 M €	+12.1%	20,8 M €	+244%	6,1 M €	-81.8%	33,2 M €	+6.7%	31,1 M €	+71.5%	18,1 M €	+79.8%	10,1 M €	+5.5%	9,6 M €	+87.1%	5,1 M €	+446%	-1,5 M €	-203%	1,4 M €	+208%	-1,3 M €	-136%	3,7 M €	-52.4%	7,8 M €	+15.9%	6,7 M €	-5.4%	7,1 M €	+7.3%	6,6 M €	-61.1%	17 M €
Balance sheet
Equity	177,4 M €	-4.7%	186,3 M €	+14.1%	163,2 M €	-2.6%	167,6 M €	+3.5%	161,9 M €	+25.4%	129,2 M €	+0.4%	128,7 M €	-2.0%	131,3 M €	+7.7%	121,9 M €	+8.5%	112,3 M €	-9.3%	123,7 M €	-1.6%	125,8 M €	+6.5%	118,1 M €	-1.2%	119,5 M €	+57.5%	75,9 M €	+11.3%	68,2 M €	+2.5%	66,5 M €	+6.4%	62,5 M €	+5.0%	59,5 M €
Total assets	244,6 M €	-5.0%	257,4 M €	-8.7%	282,1 M €	+15.1%	245,1 M €	+10.3%	222,1 M €	+33.3%	166,6 M €	+0.1%	166,4 M €	-2.1%	169,9 M €	+9.8%	154,8 M €	+11.7%	138,6 M €	-8.1%	150,8 M €	-17.5%	182,7 M €	+2.9%	177,6 M €	+19.4%	148,7 M €	+20.7%	123,2 M €	+11.2%	110,8 M €	+2.9%	107,7 M €	-5.4%	113,9 M €	+13.4%	100,5 M €
Cash	36,9 M €	+10.5%	33,4 M €	-7.2%	36 M €	-38.3%	58,3 M €	-21.5%	74,3 M €	+70.1%	43,6 M €	+50.5%	29 M €	-34.3%	44,2 M €	+46.5%	30,2 M €	+190%	10,4 M €	+34253%	30,3 k €	-71.3%	105,5 k €	+18482%	567,7 €	-100.0%	8,3 M €	+91.7%	4,3 M €	-4.8%	4,6 M €	+213%	1,5 M €	+75535%	1,9 k €	-99.9%	3,3 M €
Debts	65,1 M €	-4.7%	68,3 M €	-41.7%	117,2 M €	+53.9%	76,2 M €	+29.1%	59 M €	+68.8%	35 M €	-2.4%	35,8 M €	-4.6%	37,6 M €	+16.8%	32,2 M €	+43.7%	22,4 M €	-2.9%	23,1 M €	-58.5%	55,5 M €	-5.0%	58,5 M €	+109%	28 M €	-37.4%	44,8 M €	+7.9%	41,5 M €	+4.2%	39,8 M €	-19.5%	49,4 M €	+24.0%	39,9 M €
Other
Workforce	445,3 ETP	+1.7%	437,8 ETP	+7.0%	409,3 ETP	+5.5%	387,9 ETP	+1.6%	381,9 ETP	+2.5%	372,7 ETP	-0.6%	374,9 ETP	+4.9%	357,5 ETP	+9.4%	326,9 ETP	-0.6%	329,0 ETP	-0.5%	330,6 ETP	0.0%	330,6 ETP	+1.0%	327,2 ETP	+3.7%	315,4 ETP	+2.6%	307,5 ETP	+4.9%	293,1 ETP	-0.9%	295,8 ETP	+0.7%	293,7 ETP	-1.3%	297,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Dominique Bossan

Director · since 12 février 2024

Active

David Ducarme

Director · since 13 décembre 2023

Active

Jean-Paul Defrance

Director · since 13 décembre 2023

Active

Mark Andrew Leverton

Director · since 13 décembre 2023

Active

Ended mandates

Carl Rudolf Thies Knauf

Manager · since 22 décembre 2015 · until 22 mai 2018

Ended

Carl Rudolf Thies Knauf

Manager · since 22 décembre 2015

Ended

David Ducarme

Director · since 24 février 2012

Ended

David Ducarme

Manager · since 24 février 2012

Ended

At this address

Other companies at this address

Company	CBE no.
Association Solidarité-Contact● Active	0425.446.453
Cavity Wall Warranty Fund● Liquidation	0642.991.422
Resulation Belgium● Active	0783.381.502

Annual accounts

Full financial information

	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	19/08/2026	19/08/2025	20/08/2024	23/08/2023	29/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	19/08/2026	French	PDF
Full model	31/12/2024	30/06/2025	19/08/2025	French	PDF
Full model	31/12/2023	30/06/2024	20/08/2024	French	PDF
Full model	31/12/2022	30/06/2023	23/08/2023	French	PDF
Full model	31/12/2021	30/06/2022	29/08/2022	French	PDF
Full model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Full model	31/12/2019	30/06/2020	18/08/2020	French	PDF
Full model	31/12/2018	28/06/2019	19/08/2019	French	PDF
Full model	31/12/2017	30/06/2018	22/08/2018	French	PDF
Full model	31/12/2016	30/06/2017	28/08/2017	French	PDF
Full model	31/12/2015	30/06/2016	23/08/2016	French	PDF
Full model	31/12/2014	30/06/2015	24/08/2015	French	PDF
Full model	31/12/2013	30/06/2014	25/08/2014	French	PDF
Full model	31/12/2012	28/06/2013	10/09/2013	French	PDF
Full model	31/12/2011	30/06/2012	29/08/2012	French	PDF
Full model	31/12/2010	28/06/2011	22/08/2011	French	PDF
Full model	31/12/2009	29/06/2010	12/08/2010	French	PDF
Full model	31/12/2008	30/06/2009	10/08/2009	French	PDF
Full model	31/12/2007	24/06/2008	18/11/2008	French	PDF
Full model	31/12/2006	26/06/2007	03/07/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Dominique Bossan

Director · since 12 février 2024

Active

David Ducarme

Director · since 13 décembre 2023

Active

Jean-Paul Defrance

Director · since 13 décembre 2023

Active

Mark Andrew Leverton

Director · since 13 décembre 2023

Active

Ended mandates

Carl Rudolf Thies Knauf

Manager · since 22 décembre 2015 · until 22 mai 2018

Ended

Carl Rudolf Thies Knauf

Manager · since 22 décembre 2015

Ended

David Ducarme

Director · since 24 février 2012

Ended

David Ducarme

Manager · since 24 février 2012

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/08/2026
NOMINATION COMMISSAIRE
PDF
Mandates17/12/2025
OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates28/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates27/09/2018
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202514,5 M €↓
16/10/2025
nominationJean-Paul DEFRANCE — administrateur
16/10/2025
nominationMark LEVERTON — administrateur
2024
Annual accounts 202423,3 M €↑
18/09/2024
nominationJean-Paul DEFRANCE — administrateur
18/09/2024
nominationMark LEVERTON — administrateur
12/02/2024
nominationDominique BOSSAN — administrateur
2023
Annual accounts 202320,8 M €↑
13/12/2023
nominationPwC Reviseurs d'Entreprises — commissaire
2022
Annual accounts 20226,1 M €↓
2021
Annual accounts 202133,2 M €↑
2020
Annual accounts 202031,1 M €↑
2019
Annual accounts 201918,1 M €↑
2018
Annual accounts 201810,1 M €↑
2017
Annual accounts 20179,6 M €↑
2015
Annual accounts 20155,1 M €↑
2014
Annual accounts 2014-1,5 M €↓
2013
Annual accounts 20131,4 M €↑
2012
Annual accounts 2012-1,3 M €↓
2011
Annual accounts 20113,7 M €↓
2010
Annual accounts 20107,8 M €↑
2009
Annual accounts 20096,7 M €↓
2008
Annual accounts 20087,1 M €↑
2007
Annual accounts 20076,6 M €↓
2006
Annual accounts 200617 M €
24/11/1999
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KNAUF INSULATION

Overview

What does KNAUF INSULATION do?

Trend over 19 financial years

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