Donaldson Europe
ActiveDonaldson Europe has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €744.86M and a net result of €-103.10M. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 74% of 723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-17
Solvency91▼-6
Growth51=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.62 in 2024; short-term debt: 25.9% and cash: 2.5% of total assets), and 33.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.4%
Return on assets
-9.2%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 21-01-2026, 38 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
38 d early
2024
37 d early
2023
43 d early
2022
40 d early
2021
32 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close17-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, consolidated, statutory
Turnover
€320.79M▲ 3.3%
2024 · €310.43M
2019: €246.32M
2020: €246.51M
2021: €259.36M
2022: €297.99M
2023: €323.67M
2024: €310.43M
2019 → 2025
EBIT margin
4.9%▼ 2.0pp
2024 · 6.9%
2019: 7.7%
2020: 8.2%
2021: 7.6%
2022: 7.4%
2023: 9.3%
2024: 6.9%
2019 → 2025
Net result
€-103.10M
2024 · €84.32M
2019: €112.30M
2020: €16.19M
2021: €54.22M
2022: €71.19M
2023: €80.83M
2024: €84.32M
2019 → 2025
Working capital
€-106.95M▼ 2.9%
2024 · €-103.92M
2019: €-56.11M
2020: €34.42M
2021: €37.81M
2022: €-6.74M
2023: €-101.86M
2024: €-103.92M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€259.36M-€297.99M▲ 14.9%€323.67M▲ 8.6%€310.43M▼ 4.1%€320.79M▲ 3.3%
Equity€730.49M-€731.67M▲ 0.2%€913.64M▲ 24.9%€922.96M▲ 1.0%€744.86M▼ 19.3%
Operating result€19.63M-€22.17M▲ 12.9%€30.13M▲ 35.9%€21.42M▼ 28.9%€15.66M▼ 26.9%
Net result€54.22M-€71.19M▲ 31.3%€80.83M▲ 13.5%€84.32M▲ 4.3%€-103.10M
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12B
Fixed assets
€938.14M▼ 15.8%
Current assets
€182.84M▲ 7.9%
Equity and liabilities €1.12B
Equity
€744.86M▼ 19.3%
Provisions
€60k▼ 90.1%
Debt
€376.05M▲ 4.4%
The debt ratio rises from 28.1% to 33.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18.42M▼
2024 · €24.13M
Cash flow
€-100.33M▼
2024 · €87.03M
Solvency
66.4%▼
2024 · 71.9%
Current ratio
0.63▲
2024 · 0.62
Quick ratio
0.47▲
2024 · 0.46
Debt / equity
0.50▲
2024 · 0.39
ROE
-13.8%▼
2024 · 9.1%
ROA
-9.2%▼
2024 · 6.6%
Interest coverage
1.64▼
2024 · 1.83
Debt
€376.05M▲
2024 · €360.32M
Debt ≤ 1 year
€289.78M▲
2024 · €273.30M
Debt > 1 year
€83.44M▼
2024 · €84.29M
Income taxes
€7.18M▲
2024 · €4.25M
Staff costs
€59.25M▼
2024 · €61.16M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.28B€1.12B▼
Fixed assets21/28€1.11B€938.14M▼
Intangible fixed assets21€1.96M€1.49M▼
Tangible fixed assets22/27€27.31M€27.13M▼
Land and buildings22€14.86M€14.41M▼
Plant, machinery and equipment23€2.30M€2.70M▲
Furniture and vehicles24€1.51M€1.53M▲
Leasing and similar rights25€6.34M€6.07M▼
Other tangible fixed assets26€1.76M€1.92M▲
Assets under construction and advance payments27€540k€502k▼
Financial fixed assets28€1.09B€909.52M▼
Affiliated companies280/1€1.09B€909.40M▼
Participating interests280€1.09B€909.40M▼
Other financial fixed assets284/8€119k€117k▼
Amounts receivable and cash guarantees285/8€119k€117k▼
Current assets29/58€169.38M€182.84M▲
Amounts receivable after more than one year29€1.97M€1.48M▼
Other amounts receivable291€1.97M€1.48M▼
Stocks and contracts in progress3€44.11M€47.26M▲
Stocks30/36€36.05M€40.15M▲
Goods purchased for resale34€36.05M€40.15M▲
Contracts in progress37€8.07M€7.11M▼
Amounts receivable within one year40/41€89.07M€104.35M▲
Trade receivables40€54.75M€55.02M▲
Other amounts receivable41€34.32M€49.33M▲
Cash at bank and in hand54/58€32.53M€27.88M▼
Deferred charges and accrued income490/1€1.70M€1.87M▲
Equity and liabilities
Total equity and liabilities10/49€1.28B€1.12B▼
Equity10/15€922.96M€744.86M▼
Contributions10/11€652.93M€652.93M=
Reserves13€17.10M€17.09M▼
Non-distributable reserves130/1€16.90M€16.90M=
Reserves not available under the articles1311€9.82M€9.82M=
Other1319€7.08M€7.08M=
Tax-exempt reserves132€187k€175k▼
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€252.93M€74.85M▼
Provisions and deferred taxes16€606k€60k▼
Provisions for liabilities and charges160/5€579k€39k▼
Other liabilities and charges164/5€579k€39k▼
Deferred taxes168€27k€21k▼
Amounts payable17/49€360.32M€376.05M▲
Amounts payable after more than one year17€84.29M€83.44M▼
Financial debts170/4€84.29M€83.44M▼
Leasing and similar obligations172€4.29M€3.44M▼
Credit institutions173€80.00M€80.00M=
Amounts payable within one year42/48€273.30M€289.78M▲
Current portion of amounts payable after more than one year42€792k€850k▲
Financial debts43€184.96M€159.55M▼
Credit institutions430/8€21.00M€0▼
Other loans439€163.96M€159.55M▼
Trade debts44€37.96M€35.77M▼
Suppliers440/4€37.96M€35.77M▼
Advances received on contracts in progress46€395k€334k▼
Taxes, remuneration and social security45€18.76M€17.83M▼
Taxes450/3€105k€261k▲
Remuneration and social security454/9€18.65M€17.57M▼
Other amounts payable47/48€30.45M€75.45M▲
Accrued charges and deferred income492/3€2.72M€2.83M▲
Income statement
Code20242025
Operating income70/76A€364.05M€370.09M▲
Turnover70€310.43M€320.79M▲
Change in stocks of work in progress, finished goods and contracts in progress71€2.49M€-954k▼
Other operating income74€51.13M€50.24M▼
Non-recurring operating income76A€923€12k▲
Operating charges60/66A€342.63M€354.43M▲
Goods for resale, raw materials and consumables60€236.04M€236.41M▲
Purchases600/8€233.66M€240.27M▲
Change in stocks: decrease (increase)609€2.39M€-3.86M▼
Services and other goods61€40.67M€41.61M▲
Remuneration, social security and pensions62€61.16M€59.25M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.70M€2.76M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-351k€-282k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€168k€-540k▼
Other operating charges640/8€2.22M€2.73M▲
Non-recurring operating charges66A€21k€12.49M▲
Operating profit (loss)9901€21.42M€15.66M▼
Financial income75/76B€81.46M€81.55M▲
Recurring financial income75€81.46M€77.77M▼
Income from financial fixed assets750€76.35M€70.96M▼
Income from current assets751€3.60M€3.68M▲
Other financial income752/9€1.51M€3.12M▲
Non-recurring financial income76B-€3.79M
Financial charges65/66B€14.32M€193.13M▲
Recurring financial charges65€14.32M€13.64M▼
Debt charges650€13.18M€11.24M▼
Other financial charges652/9€1.14M€2.40M▲
Non-recurring financial charges66B-€179.49M
Profit (loss) for the period before taxes9903€88.56M€-95.92M▼
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€4.25M€7.18M▲
Taxes670/3€4.25M€7.24M▲
Tax adjustments and reversals of tax provisions77-€62k
Profit (loss) for the period9904€84.32M€-103.10M▼
Transfer from tax-exempt reserves789€12k€12k=
Profit (loss) for the period to be appropriated9905€84.33M€-103.08M▼
Appropriation of the result
Profit (loss) to be appropriated9906€327.93M€149.85M▼
Profit (loss) brought forward from the previous period14P€243.60M€252.93M▲
Profit to be distributed694/7€75.00M€75.00M=
Return on contributions (dividend)694€75.00M€75.00M=
Social balance
Average headcount (FTE)9087508.6503.3▼
The notes to these accounts (106 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
Financial
Weakest financial yearnet €-103.10M ▼222%
Net result drops to €-103.10M, the lowest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
33 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, Leuven · 2 establishment units since 1977
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.
Interleuvenlaan 13001 LeuvenGround area
10.5 ha
Building footprint
5.2 ha
Volume, LiDAR
322,842 m³
2 parcels, Flanders · tallest building 23.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DONALDSON EUROPE
since 19772.013.168.979
Pathoekeweg 166, 8000 Brugge
since 19972.013.168.880
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31810N0237/00B004 | Flanders | 7.5 ha | 1 · 4.5 ha | 23.1 m · 3 fl. |
| 24514C0025/00D000 | Flanders | 3.0 ha | 1 · 6,212 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
1 subsidiary, 1 abroad · 1 parent companyParent company:DONALDSON COMPANY, INC.
Subsidiary:DONALDSON ITALIA S.R.L.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 260,894 EUR awarded · 260,741 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 47,650 EUR | 47,497 EUR |
| 2024 | 3 | 78,162 EUR | 78,162 EUR |
| 2023 | 2 | 79,111 EUR | 79,111 EUR |
| 2022 | 2 | 55,971 EUR | 55,971 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
European Union, budget
2025 · 1 entry · 241,872 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 241,872 EUR |
Projects
101251484 - H2ROAM - HYDROGEN FOR ROBUST OFF-ROAD APPLICATION MODULES
European research
2 projects · 995,160 EUR EU contributionProgrammes
HORIZON
Projects
Intelligent Manufacturing Platform for Advanced CAR Therapies
Hydrogen for Robust Off-road Application Modules
Recognitions · licences · registrations
Dual-learning approval
4 endedLegal Entity Identifier
549300P6VWRU349Z2K79
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DEME OFFSHORE HOLDING
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PARKWIND
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STERIGENICS
BE 0427.835.425
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 18 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1970
Fiscal year end31-07
Activities, NACEBEL
70100Activities of head offices
71121Engineering and related technical consultancy, excluding land surveyors
74151
74203
46649Wholesale of other machinery and equipment
51873
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.