Equity
€83.6m ▲ 10.5%
ANSUL paid out €12.1m in dividends. That is 60% of the 2025 profit.
ANSUL
Lifetime
19 annual accounts with figures on one time axis, 35 filings since 1991peak €39.6m (2025)
€39.6m▲ 7.9%
peak €22.9m (2007)
€20.0m▲ 6.1%
peak €83.6m (2025)
€83.6m▲ 10.5%
€18.4m▲ 4.0%
peak 204.2 FTE (2025)
204.2 FTE▲ 10.9%
Board9 names since 2018
4 directorsAFL Management SRL and 3 others
Owners2 names in the annual accounts
99.99%Fire protection Holdings LTD and 1 other
Documentsfilings and deeds
18-06-202643 days before the deadline
2025financial year
Staff from 184.2 FTE to 204.2 FTE4 directors reappointed 30-01Dividend €12.1m
Key points
from the 2025 annual accountsInvestments
€3.0m 2.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 30.2% higher than in 2024.
Staff
225 employees on 31-12-2025
In 2025, 61 people joined and 32 left. On top of that, 6.5 agency workers worked there on average.
At the same address
465 companies
Group
18 companies controlled
Heads a group. Known shareholders 100%.
Position in the sector
€20.0m
Higher net result than 95% of companies in machinery and equipment. Sector median €150,798 · 384 companies.
Checked score
97
Excellent
Financially stronger than 84% of medium-sized companies in machinery and equipment (NACE 28)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 101 companies (NACE 28, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.22, cash €3.0m
1 of the last 3 accounts late
lowers risk
Founded in 1990
Equity €83.6m (81.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, medium-sized). It does better than 95% of them on solvency, 77% on liquidity, 98% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €3,950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.22 (1.71 in 2024), above the usual 1.5. Short-term debt is 14.5% and cash 3% of total assets. 18.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
39 days late
2023
48 days early
2022
53 days early
2021
73 days early
2020
52 days early
2019
65 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AM
AFL Management SRL
Director, Xavier Mignolet
AK
Aman Kuderbux
Auditor
- Fire protection Holdings LTD 99.99%annual accounts 2025
- London Security PLC 0.01%annual accounts 2025
Shares in 14 companies, including AGENCE LUXEMBOURGEOISE DE PROTECTION INCENDIE and ANSUL BV
Board & ownershipRecent changes
3 statutory auditors appointed
Grant Thornton Bedrijfsrevisoren, Aman Kuderbux and Gregory Desmet · Permanent representative: Xavier MIGNOLET · General meeting of 19-08-2025 · Gazette deed
4 directors appointed
Permanent representative: Xavier Mignolet · Jean-Jacques Murray, AFL Management srl, Richard POLLARD and Martin Struyf · General meeting of 15-05-2025 · Gazette deed
4 directors reappointed
Jean-Jacques Murray, AFL Management srl, Richard POLLARD and Martin Struyf · Permanent representative: Xavier Mignolet · General meeting of 16-05-2024 · Gazette deed
Appointment: Grant Thornton Réviseurs D'entreprises (statutory auditor)
Permanent representative: Xavier MIGNOLET · General meeting of 08-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ANSUL Ixelles | €39.6m | 23.3% | 81.9% | 204.2 |
| Delta Engineering Geraardsbergen | €31.8m | 5.9% | 15.5% | 69.3 |
| PATTYN BELGIUM Bruges | €61.6m | -0.9% | 41.3% | 229.2 |
| D. Cloostermans-Huwaert Hamme (Vl.) | €67.0m | 7.7% | 73.2% | 176.6 |
| DELTRIAN INTERNATIONAL Fleurus | €24.5m | -4.2% | 17.1% | 70.7 |
| AUTOMATION & ROBOTICS Verviers | €24.4m | 9.2% | 55.3% | 116.2 |
| Ekopak Deinze | €17.7m | -87.3% | 26.5% | 121.5 |
Grey: the largest companies of the sector (machinery and equipment (NACE 28)), without their names. Blue: the sector peers from the table.
These companies have their main activity in the same NACE class as ANSUL: manufacture of machinery and equipment not elsewhere classified (NACE 2829). With exactly the same main activity (NACE 28293), too few companies are of comparable size. They are comparable in size and age: total assets between €21m and €114m, founded between 1969 and 2004.
Official details
Source: KBO- Status
- Active since 25-07-1990Normal situation
- Registered office
- 466 active companies are registered at this address30 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28293and 1 other
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.050.129.3451702 Dilbeek, since 30-08-1990
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €102.0m▲ 9.0%
- Employeeson 31-12-2025
- 225▲ 13.6%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Companies linked to ANSUL
Subsidiaries and holdings
- Braco100%
- BRANDBEVEILIGING MARLIER100%
- Le Chimiste100%
- ALL-PROTEC99.99%
- ANSUL BELGIUM99.99%
- IMPORTEX99.99%
Insights on ANSUL
ANSUL has existed since 1990. Turnover grew from €23.4m in 2007 to €39.6m in 2025 and staff from 156.4 to 204.2 full-time equivalents.
Fire protection Holdings LTD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ANSUL
- What is the company number of ANSUL?
- The company number of ANSUL is 0441.557.163. The VAT number is the same number with BE in front: BE 0441.557.163.
- Where is ANSUL based?
- The registered office is at Louizalaan 65, 1050 Ixelles.Company details
- What does ANSUL do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28293).
- What is the legal form of ANSUL?
- ANSUL is a public limited company (NV).
- When was ANSUL founded?
- ANSUL was founded on 25-07-1990.
- Is ANSUL still active?
- Yes, ANSUL is an active enterprise in the KBO register.
- How many employees does ANSUL have?
- ANSUL had an average of 204.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ANSUL fall under?
- In its 2025 annual accounts, ANSUL states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of ANSUL?
- The turnover of ANSUL was €39.6m in financial year 2025, according to the filed annual accounts.
- Is ANSUL profitable?
- In financial year 2025, ANSUL made a profit of €20.0m.
- Where can I find the annual accounts of ANSUL?
- ANSUL filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ANSUL due?
- ANSUL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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