Result
-€4.5m ▼ 223%
The result fell in 2025 from -€1.4m to -€4.5m.
Carpenter Engineered Foams Belgium
Part of the group
19 companies in 15 countries
Lifetime
4 annual accounts with figures on one time axispeak €77.8m (2023)
€59.1m▼ 10.2%
lowest -€4.5m (2025)
-€4.5m▼ €3.1m
peak €40.7m (2023)
€34.7m▼ 11.5%
€56.7m▼ 0.8%
peak 361.7 FTE (2022)
292.8 FTE▼ 13.6%
Board11 names since 2022
4 directors and 3 others
Owners3 names in the annual accounts
100% and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Loss of €4.5mStaff from 338.7 FTE to 292.8 FTE
Key points
from the 2025 annual accountsStaff
300 employees on 31-12-2025
In 2025, 6 people joined and 59 left. On top of that, 4.3 agency workers worked there on average.
Payment terms
38 days to suppliers
Carpenter Engineered Foams Belgium pays its suppliers 63 days earlier than in 2024. Customers pay 30 days earlier.
Filings
4 annual accounts 1 late
The 2024 accounts came 314 days late. The other three were filed on time.
At the same address
7 companies
Position in the sector
-€4.5m
Lower net result than 94% of companies in chemicals. Sector median €461,868 · 318 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 249 companies had the same profile as Carpenter Engineered Foams Belgium has now. Each dot is one company, two years later.
94.0%
were still trading
4.8%
stopped another way
0.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 249 companies, not a prediction for Carpenter Engineered Foams Belgium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 12-06-2023
Director, since 12-06-2023
Director, since 12-06-2023
Director, since 12-06-2023
Auditor,
- 100%equity €424.9m (2025) · annual accounts 2025
- consolidatesannual accounts 2025
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Slopen of verwijderen, Slopen van niet vrijstaande gebouwen of constructies and 1 more · Provincie Oost-Vlaanderen
Appointment: (statutory auditor)
Permanent representative: · General meeting of 13-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0780876031
General meeting of 11-03-2024
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Carpenter Engineered Foams Belgium Machelen (Brab.) | €59.1m | -4.6% | 36.8% | 292.8 |
| RAVAGO PRODUCTION Arendonk | €37.0m | 5.2% | 40.3% | 199.1 |
| Trinseo Belgium Tessenderlo-Ham | €28.0m | 2.8% | 76.5% | 61.8 |
| INEOS MANUFACTURING BELGIUM Antwerp | €106.2m | 2.3% | 82.7% | 279.4 |
| Kingspan Insulation Turnhout | €32.7m | -2.3% | 18.3% | 132.1 |
| INEOS STYROLUTION BELGIUM Antwerp | €209.5m | 5.6% | 42.0% | 341 |
| BOREALIS ANTWERPEN Beringen | €77.1m | 13.0% | 16.2% | 243.3 |
Grey: the largest companies of the sector (chemicals (NACE 20)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Carpenter Engineered Foams Belgium: manufacture of chemicals and chemical products (NACE 20160). They are comparable in size and age: total assets between €23m and €211m, founded between 2000 and 2009.
Official details
Source: KBO- Status
- Active since 25-01-2022Normal situation
- Registered office
- 46 active companies are registered at this address5 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Manufacture of chemicals and chemical productsNACE 20160and 5 others
- Joint committee
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment units
- 2.327.179.6569230 Wetteren, since 25-01-2022
- 2.328.619.4141831 Machelen (Brab.), since 25-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2025
Annual accounts 2025
- €94.4m▼ 5.2%
- Employeeson 31-12-2025
- 300▼ 15.0%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on Carpenter Engineered Foams Belgium
The 2025 annual accounts show equity of €34.7m and a net result of -€4.5m. Equity has been shrinking by about 4.1% per year since 2022.
Its solvency ranks better than 32% of 317 sector peers (NACE 20, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
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 Carpenter Engineered Foams Belgium
- What is the company number of Carpenter Engineered Foams Belgium?
- The company number of Carpenter Engineered Foams Belgium is 0780.876.031. The VAT number is the same number with BE in front: BE 0780.876.031.
- Where is Carpenter Engineered Foams Belgium based?
- The registered office is at Culliganlaan 2 F, 1831 Machelen (Brab.).Company details
- What does Carpenter Engineered Foams Belgium do?
- According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20160).
- What is the legal form of Carpenter Engineered Foams Belgium?
- Carpenter Engineered Foams Belgium is a private limited company (BV).
- When was Carpenter Engineered Foams Belgium founded?
- Carpenter Engineered Foams Belgium was founded on 25-01-2022.
- Is Carpenter Engineered Foams Belgium still active?
- Yes, Carpenter Engineered Foams Belgium is an active enterprise in the KBO register.
- How many employees does Carpenter Engineered Foams Belgium have?
- Carpenter Engineered Foams Belgium had an average of 292.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Carpenter Engineered Foams Belgium fall under?
- In its 2025 annual accounts, Carpenter Engineered Foams Belgium states joint committee 207 (White-collar workers in the chemical industry).
- What is the turnover of Carpenter Engineered Foams Belgium?
- The turnover of Carpenter Engineered Foams Belgium was €59.1m in financial year 2025, according to the filed annual accounts.
- Is Carpenter Engineered Foams Belgium profitable?
- In financial year 2025, Carpenter Engineered Foams Belgium made a loss of €4.5m.
- Where can I find the annual accounts of Carpenter Engineered Foams Belgium?
- Carpenter Engineered Foams Belgium filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Carpenter Engineered Foams Belgium due?
- Carpenter Engineered Foams Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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