ACTIVE

NSE PRODUCTS EUROPE

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Financial year 2025 · Closed on 31/12/2025

Net result1,4 M €-42,1 %over 1 year
Revenue123,1 M €-12,0 %over 1 year
Equity10,1 M €+15,8 %over 1 year
Workforce64,1 ETP-14,4 %over 1 year

Identity

Source · BCE/KBO

NSE PRODUCTS EUROPE is a Private limited company incorporated in 2015. Its main activity is: Wholesale of perfume and cosmetics. Its registered office is in Zaventem. It employs on average 64,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0642.635.688
Incorporation
04/11/2015
Legal form
Private limited company
Registered office
Da Vincilaan 9
1930 Zaventem · FlandreSee on map
Contributed capital
40 000,00 €
Latest accounts
31/12/2025
Average workforce
64,1 ETP
Joint committees (1)
  • 207
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 11 filings

Trend over 10 financial years

20252024202320222021
Income statement
Revenue123,1 M €139,8 M €162,5 M €174,8 M €214,7 M €
EBITDA1,9 M €3,4 M €5,3 M €5,2 M €13,8 M €
Operating result1,7 M €3,2 M €5,1 M €5 M €13,7 M €
Net result1,4 M €2,4 M €3,4 M €3,7 M €9,9 M €
Balance sheet
Equity10,1 M €8,7 M €6,3 M €2,9 M €2,7 M €
Total assets33,6 M €32,4 M €42,2 M €44,9 M €44,8 M €
Cash8,2 M €1,3 M €6,2 M €11,9 M €16,2 M €
Debts11,3 M €8,4 M €19 M €23,3 M €22,1 M €
Other
Workforce64,1 ETP74,9 ETP81,5 ETP68,0 ETP68,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 26 ended

Active mandates

Michiel Sinot

Director

Active
Ryan Napierski

Director

Active

Ended mandates

James Devitt Thomas

Director · since 31 juillet 2024

Ended
Connie Mang Yee Tang

Director · since 20 décembre 2021

Ended
Michiel Sinot

Director · since 20 décembre 2021

Ended
Mark H. Lawrence

Director · since 11 septembre 2017 · until 30 juin 2023

Ended

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1032.159.875
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BDO BELGIUM● Active
0407.716.932
BDO EXPERTS COMPTABLES & CONSEILLERS FISCAUX● Active
0438.475.137
BDO INNOVATION GARDEN● Active
0692.549.712
BDO Legal● Active
1027.819.522
BELON CONSULTING● Active
0838.137.111
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0691.667.507
BRUSSELS WORLDWIDE SERVICES● Active
0820.820.829
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0471.715.948
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Minebea Intec Belgium● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202604/07/202508/07/202412/07/202311/07/202214/07/2021
General meeting15/06/202630/06/202528/06/202422/06/202324/06/202225/06/2021
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, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/06/202623/06/2026DutchPDF
Full model31/12/202430/06/202504/07/2025DutchPDF
Full model31/12/202328/06/202408/07/2024DutchPDF
Full model31/12/202222/06/202312/07/2023DutchPDF
Full model31/12/202124/06/202211/07/2022DutchPDF
Full model31/12/202025/06/202114/07/2021DutchPDF
Full model31/12/201926/06/202028/07/2020DutchPDF
Full model31/12/201828/06/201918/07/2019DutchPDF
Full model31/12/201729/06/201824/07/2018DutchPDF
Full modelCorrection31/12/201630/06/201711/08/2017DutchPDF
Full model31/12/201630/06/201725/07/2017DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

2 active · 26 ended

Active mandates

Michiel Sinot

Director

Active
Ryan Napierski

Director

Active

Ended mandates

James Devitt Thomas

Director · since 31 juillet 2024

Ended
Connie Mang Yee Tang

Director · since 20 décembre 2021

Ended
Michiel Sinot

Director · since 20 décembre 2021

Ended
Mark H. Lawrence

Director · since 11 septembre 2017 · until 30 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other23/09/2026
    —
    PDF
  • Mandates24/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/12/2025
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates17/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/03/2024
    ONTSLAGEN - BENOEMINGEN
    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 20251,4 M €↓
  2. 2024
    Annual accounts 20242,4 M €↓
  3. 2023
    Annual accounts 20233,4 M €↓
  4. 2022
    Annual accounts 20223,7 M €↓
  5. 2021
    Annual accounts 20219,9 M €↑
  6. 2020
    Annual accounts 20203,9 M €↑
  7. 2019
    Annual accounts 20191,7 M €↑
  8. 2018
    Annual accounts 20181,4 M €↑
  9. 2017
    Annual accounts 20171,2 M €↑
  10. 2016
    Annual accounts 2016274,6 k €
  11. 04/11/2015
    IncorporationPrivate limited company