Danone Belux

Active

Public limited companyfounded 196066 yrs activeWerkhuizenkaai 159-160, 1000 Brussel, BelgiumKBO/BCE: BE 0400.774.801

Danone Belux has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.44M and a net result of €1.34M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability55▼-4

Solvency35▼-3

Growth55▼-17

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €700k at 30 days acceptable

Liquidity tight (current ratio 1.18 against 1.13 in 2023; short-term debt: 82.3% and cash: 44.6% of total assets), and 89.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

10.1%

Return on assets

1.1%

Age of the figures

20 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5988 sector peers (2024).

NBB · sector comparison

Position among 5988 sector peers

Solvency

better than 14%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

42 d early

2023

41 d early

2022

34 d early

2021

31 d early

2020

47 d early

2019

35 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€315.07M▲ 2.4%

2023 · €307.78M

2018: €75.15M 2019: €71.73M 2020: €71.58M 2021: €68.72M 2022: €120.31M 2023: €307.78M

2018 → 2024

EBIT margin

0.6%▼ 1.8pp

2023 · 2.4%

2018: 4.3% 2019: -1.2% 2020: 6.3% 2021: 1.4% 2022: -0.4% 2023: 2.4%

2018 → 2024

Net result

€1.34M▼ 77.7%

2023 · €6.00M

2018: €2.56M 2019: €134k 2020: €3.42M 2021: €1.20M 2022: €479k 2023: €6.00M

2018 → 2024

Working capital

€18.14M▲ 9.2%

2023 · €16.62M

2018: €26.08M 2019: €29.22M 2020: €9.43M 2021: €14.54M 2022: €15.46M 2023: €16.62M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€71.58M-€68.72M▼ 4.0%€120.31M▲ 75.1%€307.78M▲ 156%€315.07M▲ 2.4%

Equity€10.90M-€10.50M▼ 3.6%€12.67M▲ 20.7%€18.67M▲ 47.4%€12.44M▼ 33.4%

Operating result€4.52M-€928k▼ 79.4%€-524k€7.35M€1.97M▼ 73.2%

Net result€3.42M-€1.20M▼ 64.8%€479k▼ 60.2%€6.00M▲ 1,153%€1.34M▼ 77.7%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 73% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €123.57M

97.0%

Fixed assets €3.74M▼ 12.7%

Current assets €119.82M▼ 16.4%

Equity and liabilities €123.57M

10%

82.3%

Equity €12.44M▼ 33.4%

Provisions €9.44M▲ 322%

Debt €101.68M▼ 19.8%

The debt ratio falls from 85.8% to 82.3%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€2.62M▼

2023 · €7.85M

Cash flow

€1.99M▼

2023 · €6.50M

Solvency

10.1%▼

2023 · 12.6%

Current ratio

1.18▲

2023 · 1.13

Quick ratio

1.10▲

2023 · 1.07

Debt / equity

8.17▲

2023 · 6.79

ROE

10.7%▼

2023 · 32.2%

ROA

1.1%▼

2023 · 4.1%

Interest coverage

133.79▲

2023 · 104.98

Debt

€101.68M▼

2023 · €126.74M

Debt ≤ 1 year

€101.68M▼

2023 · €126.74M

Income taxes

€2.96M▼

2023 · €3.12M

Staff costs

€55.03M▲

2023 · €51.82M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€147.65M€123.57M▼

Fixed assets21/28€4.29M€3.74M▼

Intangible fixed assets21€1.13M€996k▼

Tangible fixed assets22/27€1.05M€1.04M▼

Land and buildings22€214k€137k▼

Furniture and vehicles24€835k€752k▼

Assets under construction and advance payments27-€147k

Financial fixed assets28€2.11M€1.71M▼

Affiliated companies280/1€1.71M€1.71M=

Participating interests280€1.71M€1.71M=

Other financial fixed assets284/8€397k-

Amounts receivable and cash guarantees285/8€397k-

Current assets29/58€143.36M€119.82M▼

Stocks and contracts in progress3€8.10M€7.61M▼

Stocks30/36€8.10M€7.61M▼

Raw materials and consumables30/31€298k€389k▲

Goods purchased for resale34€7.81M€7.22M▼

Amounts receivable within one year40/41€76.94M€55.80M▼

Trade receivables40€65.27M€45.56M▼

Other amounts receivable41€11.66M€10.23M▼

Cash at bank and in hand54/58€54.21M€55.06M▲

Deferred charges and accrued income490/1€4.11M€1.35M▼

Equity and liabilities

Total equity and liabilities10/49€147.65M€123.57M▼

Equity10/15€18.67M€12.44M▼

Contributions10/11€9.99M€9.99M=

Capital10€8.70M€8.70M=

Issued capital100€8.70M€8.70M=

Outside capital11€1.29M€1.29M=

Share premium1100/10€1.29M€1.29M=

Reserves13€2.45M€2.45M=

Non-distributable reserves130/1€872k€944k▲

Legal reserve130€870k€870k=

Reserves not available under the articles1311€2k€2k=

Other1319-€72k

Tax-exempt reserves132€1.09M€1.02M▼

Distributable reserves133€485k€485k=

Profit (loss) carried forward14€6.23M-

Provisions and deferred taxes16€2.24M€9.44M▲

Provisions for liabilities and charges160/5€2.24M€9.44M▲

Pensions and similar obligations160€143k€99k▼

Other liabilities and charges164/5€2.09M€9.34M▲

Amounts payable17/49€126.74M€101.68M▼

Amounts payable within one year42/48€126.74M€101.68M▼

Trade debts44€113.66M€79.23M▼

Suppliers440/4€113.66M€79.23M▼

Taxes, remuneration and social security45€13.04M€14.83M▲

Taxes450/3-€1.27M

Remuneration and social security454/9€13.04M€13.57M▲

Other amounts payable47/48€43k€7.61M▲

Income statement Code20232024

Operating income70/76A€328.52M€347.37M▲

Turnover70€307.78M€315.07M▲

Change in stocks of work in progress, finished goods and contracts in progress71€-189k€-27k▲

Other operating income74€19.30M€30.62M▲

Non-recurring operating income76A€1.63M€1.70M▲

Operating charges60/66A€321.17M€345.40M▲

Goods for resale, raw materials and consumables60€191.08M€192.36M▲

Purchases600/8€74.41M€191.42M▲

Change in stocks: decrease (increase)609€116.67M€935k▼

Services and other goods61€82.00M€88.23M▲

Remuneration, social security and pensions62€51.82M€55.03M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€500k€652k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-401k€584k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€-4.12M€7.21M▲

Other operating charges640/8€27k€70k▲

Non-recurring operating charges66A€271k€1.27M▲

Operating profit (loss)9901€7.35M€1.97M▼

Financial income75/76B€1.85M€2.35M▲

Recurring financial income75€1.85M€2.35M▲

Income from financial fixed assets750€1.85M€2.35M▲

Non-recurring financial income76B€207-

Financial charges65/66B€75k€20k▼

Recurring financial charges65€75k€20k▼

Other financial charges652/9€75k€20k▼

Non-recurring financial charges66B€177-

Profit (loss) for the period before taxes9903€9.12M€4.30M▼

Income taxes67/77€3.12M€2.96M▼

Taxes670/3€3.12M€2.96M▼

Profit (loss) for the period9904€6.00M€1.34M▼

Transfer from tax-exempt reserves789€748k-

Transfer to tax-exempt reserves689€1.00M-

Profit (loss) for the period to be appropriated9905€5.75M€1.34M▼

Appropriation of the result

Profit (loss) to be appropriated9906€6.23M€7.57M▲

Profit (loss) brought forward from the previous period14P€479k€6.23M▲

Profit to be distributed694/7-€7.57M

Return on contributions (dividend)694-€7.57M

Social balance

Average headcount (FTE)9087429.1402.0▼

The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 2Gazette 4Filings 10

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

20-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

25-01

State Gazette act General meeting · Board meeting

Director appointment · Permanent representative

2023

31-12

Financial Highest result since 2018net €6.00M ▲1153%

Operating result €7.35M, net result €6.00M, both a record.

27-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

25-07

State Gazette act Demerger

22-07

State Gazette act Demerger

22-07

State Gazette act Merger · Power of attorney

30-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

14-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

26-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Weakest financial yearnet €134k ▼94.8%

Net result drops to €134k, the lowest in the series; recovery starts the following year.

18-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

15-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

22-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 53 days late

2016

22-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

58 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 1960

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Werkhuizenkaai 159-1601000 Brussel

Ground area

4.0 ha

Building footprint

2.1 ha

Volume, LiDAR

402,000 m³