ACTIVE

Cargill R&D Centre Europe

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Financial year 2025 · closed on 31/05/2025

Net result

-7,2 M €

-967.4% YoY

Revenue

62,7 M €

+32.7% YoY

Equity

74,3 M €

-8.8% YoY

Workforce

186,9 ETP

-1.6% YoY

What does Cargill R&D Centre Europe do?

Cargill R&D Centre Europe is a Private limited company incorporated in 2003. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Vilvoorde. It employs on average 186,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.775.163

Incorporation

13/03/2003

Legal form

Private limited company

Registered office

Havenstraat 84
1800 Vilvoorde · FlandreSee on map

Contributed capital

1 100 000,00 €

Latest accounts

31/05/2025

Average workforce

186,9 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 93053Sports activities and amusement and recreation activities 96099Other personal service activities n.e.c.96999Other personal service activities

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	62,7 M €	+32.7%	47,3 M €	-16.5%	56,6 M €	+3.4%	54,7 M €	+7.9%	50,7 M €	+9.6%	46,3 M €	+2.1%	45,3 M €	-2.4%	46,5 M €	-22.1%	59,6 M €	-66.5%	178,2 M €	-46.9%	335,5 M €	+4.4%	321,5 M €	+28.4%	250,3 M €	+17.4%	213,2 M €	-2.1%	217,7 M €	+25.4%	173,7 M €	-11.9%	197,1 M €
EBITDA	39,7 M €	+9.7%	36,2 M €	+2.6%	35,3 M €	-0.7%	35,5 M €	-1.4%	36 M €	+5.2%	34,3 M €	+3.8%	33 M €	-10.2%	36,7 M €	+3.3%	35,6 M €	+301%	8,9 M €	+214%	2,8 M €	-64.3%	7,9 M €	+19.1%	6,7 M €	+306%	1,6 M €	-73.0%	6,1 M €	-0.1%	6,1 M €	-12.0%	6,9 M €
Operating result	-6 M €	-2393%	261,2 k €	-94.5%	4,7 M €	+2.1%	4,7 M €	-9.9%	5,2 M €	+24.9%	4,1 M €	-41.7%	7,1 M €	-58.6%	17,1 M €	-4.8%	18 M €	+145%	7,3 M €	+181%	2,6 M €	-66.1%	7,7 M €	+20.6%	6,4 M €	+392%	1,3 M €	-77.4%	5,7 M €	+4.1%	5,5 M €	-12.8%	6,3 M €
Net result	-7,2 M €	-967%	827,9 k €	-81.2%	4,4 M €	+1.0%	4,4 M €	-9.0%	4,8 M €	+35.7%	3,5 M €	-37.5%	5,7 M €	-29.8%	8,1 M €	-40.1%	13,4 M €	+130%	5,8 M €	+72.5%	3,4 M €	-26.0%	4,6 M €	+35.4%	3,4 M €	+403%	-1,1 M €	-130%	3,7 M €	-11.6%	4,2 M €	+98.1%	2,1 M €
Balance sheet
Equity	74,3 M €	-8.8%	81,5 M €	+1.0%	80,7 M €	+5.8%	76,3 M €	+6.1%	71,9 M €	+7.1%	67,1 M €	+5.6%	63,6 M €	+9.8%	57,9 M €	+16.1%	49,9 M €	+36.9%	36,4 M €	+19.1%	30,6 M €	+12.4%	27,2 M €	+20.2%	22,6 M €	+17.5%	19,3 M €	-5.5%	20,4 M €	+22.2%	16,7 M €	+33.5%	12,5 M €
Total assets	99,2 M €	-13.4%	114,6 M €	+19.6%	95,8 M €	+2.0%	93,9 M €	+7.6%	87,3 M €	+7.5%	81,2 M €	+7.0%	75,9 M €	-9.2%	83,6 M €	+19.1%	70,2 M €	-40.5%	117,9 M €	-7.0%	126,8 M €	+17.6%	107,8 M €	+22.5%	88,1 M €	+43.9%	61,2 M €	-8.4%	66,8 M €	+24.0%	53,9 M €	-9.5%	59,5 M €
Cash	–		–		12,7 M €	+26.4%	10,1 M €	-56.6%	23,2 M €	+1772202%	1,3 k €	-100.0%	14,2 M €	-21.0%	17,9 M €	+2490303%	719,6 €	-17.7%	874,7 €	-83.4%	5,3 k €	-55.2%	11,8 k €	-99.8%	5,1 M €	+757%	590 k €	-88.4%	5,1 M €	+28.8%	3,9 M €	+11.7%	3,5 M €
Debts	20,2 M €	-37.4%	32,3 M €	+123%	14,5 M €	-16.9%	17,4 M €	+14.5%	15,2 M €	+8.0%	14,1 M €	+14.2%	12,3 M €	-51.6%	25,4 M €	+27.0%	20 M €	-75.3%	81,2 M €	-10.1%	90,3 M €	+27.0%	71,1 M €	+15.4%	61,7 M €	+54.7%	39,9 M €	-1.2%	40,4 M €	+12.1%	36 M €	-16.6%	43,2 M €
Other
Workforce	186,9 ETP	-1.6%	189,9 ETP	+5.0%	180,9 ETP	+2.6%	176,3 ETP	+0.5%	175,5 ETP	+0.1%	175,3 ETP	+2.8%	170,5 ETP	+7.6%	158,5 ETP	-2.7%	162,9 ETP	-24.1%	214,6 ETP	-25.5%	288,1 ETP	+1.1%	285,1 ETP	+7.3%	265,6 ETP	+2.7%	258,6 ETP	+5.7%	244,7 ETP	+0.7%	243,0 ETP	+1.8%	238,6 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 31/05/2025 · 3 active · 36 ended

Active mandates

Joachim Van Praet

Administrator - manager · since 28 février 2024

Active

Elisa Meheus

Director · since 09 décembre 2022

Active

Geert Maesmans

Administrator - manager · since 14 octobre 2019

Active

Ended mandates

Douwina Bosscher

Administrator - manager · since 30 octobre 2020 · until 09 décembre 2022

Ended

Douwina Bosscher

Administrator - manager · since 30 octobre 2020

Ended

Daan Van Doorslaer

Administrator - manager · since 14 octobre 2019 · until 28 février 2024

Ended

Daan Van Doorslaer

Administrator - manager · since 14 octobre 2019

Ended

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	01/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020	01/06/2019
Closing of the financial year	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021	31/05/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/12/2025	12/12/2024	12/12/2023	20/12/2022	02/12/2021	09/11/2020
General meeting	27/11/2025	28/11/2024	09/11/2023	05/12/2022	12/11/2021	12/10/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/05/2025	27/11/2025	04/12/2025	Dutch	PDF
Full model	31/05/2024	28/11/2024	12/12/2024	Dutch	PDF
Full model	31/05/2023	09/11/2023	12/12/2023	Dutch	PDF
Full model	31/05/2022	05/12/2022	20/12/2022	Dutch	PDF
Full model	31/05/2021	12/11/2021	02/12/2021	Dutch	PDF
Full model	31/05/2020	12/10/2020	09/11/2020	Dutch	PDF
Full model	31/05/2019	14/10/2019	28/11/2019	Dutch	PDF
Full model	31/05/2018	29/11/2018	29/01/2019	Dutch	PDF
Full model	31/05/2017	30/10/2017	24/11/2017	Dutch	PDF
Full model	31/05/2016	10/10/2016	18/11/2016	Dutch	PDF
Full model	31/05/2015	12/10/2015	23/11/2015	Dutch	PDF
Full model	31/05/2014	03/11/2014	21/11/2014	Dutch	PDF
Full model	31/05/2013	31/10/2013	20/11/2013	Dutch	PDF
Full model	31/05/2012	08/10/2012	24/10/2012	Dutch	PDF
Full model	31/05/2011	10/10/2011	09/11/2011	Dutch	PDF
Full model	31/05/2010	24/11/2010	24/11/2010	Dutch	PDF
Full model	31/05/2009	12/10/2009	24/11/2009	Dutch	PDF
Full model	31/05/2008	28/11/2008	10/12/2008	Dutch	PDF
Full model	31/05/2007	08/10/2007	24/12/2007	Dutch	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 31/05/2025 · 3 active · 36 ended

Active mandates

Joachim Van Praet

Administrator - manager · since 28 février 2024

Active

Elisa Meheus

Director · since 09 décembre 2022

Active

Geert Maesmans

Administrator - manager · since 14 octobre 2019

Active

Ended mandates

Douwina Bosscher

Administrator - manager · since 30 octobre 2020 · until 09 décembre 2022

Ended

Douwina Bosscher

Administrator - manager · since 30 octobre 2020

Ended

Daan Van Doorslaer

Administrator - manager · since 14 octobre 2019 · until 28 février 2024

Ended

Daan Van Doorslaer

Administrator - manager · since 14 octobre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other07/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other19/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ALGEMENE VERGADERING
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 2025-7,2 M €↓
28/11/2024
reconductionKPMG Bedrijfsrevisoren BV — Commissaris
2024
Annual accounts 2024827,9 k €↓
28/02/2024
nominationVAN PRAET Joachim — bestuurder
2023
Annual accounts 20234,4 M €↑
09/12/2022
nominationElisa Meheus — bestuurder
2022
Annual accounts 20224,4 M €↓
12/11/2021
nominationOlivier Declerq — vaste vertegenwoordiger van de commissaris
2021
Annual accounts 20214,8 M €↑
2020
Annual accounts 20203,5 M €↓
2019
Annual accounts 20195,7 M €↓
2018
Annual accounts 20188,1 M €↓
2017
Annual accounts 201713,4 M €↑
2016
Annual accounts 20165,8 M €↑
2015
Annual accounts 20153,4 M €↓
2014
Annual accounts 20144,6 M €↑
2013
Annual accounts 20133,4 M €↑
2012
Annual accounts 2012-1,1 M €↓
2011
Annual accounts 20113,7 M €↓
2010
Annual accounts 20104,2 M €↑
2009
Annual accounts 20092,1 M €
13/03/2003
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

Cargill R&D Centre Europe

Overview

What does Cargill R&D Centre Europe do?

Trend over 17 financial years

Indicative valuation

Board of directors

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