FIRMENICH BELGIUM
FIRMENICH BELGIUM has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29.60M and a net result of €5.00M. Equity is shrinking by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
| Equity | €29.60M |
| Net result | €5.00M |
| Staff (FTE) | 275.3 |
| Better than sector | 71% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 47.3% | 25.9% | |
| Net result | €5.00M | €15k | |
| Equity | €29.60M | €61k | |
| Staff costs | €34.24M | €124k | |
| Employees (FTE) | 275.3 | 6.8 |
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | full schema |
| Revenue | €103.74M |
| EBITDA | €9.67M |
| Net profit | €5.00M |
| Cash flow | €7.44M |
| Staff costs | €34.24M |
| Income taxes | €2.61M |
| Dividends | €6.00M |
| Total assets | €62.59M |
| Equity | €29.60M |
| Debt | €32.86M |
| of which ≤ 1y | €30.99M |
| of which > 1y | €1.87M |
| Working capital | €14.17M |
| Employees (FTE) | 275.3 |
| 2025 | |
|---|---|
| Current ratio | 1.46 |
| Quick ratio | 0.91 |
| Working capital ratio | 22.6% |
| Solvency | 47.3% |
| Debt / equity | 1.11 |
| Long-term debt ratio | 0.06 |
| Interest coverage | 208.81 |
| Gross margin | 41.2% |
| Net margin | 4.8% |
| ROA | 8.0% |
| ROE | 16.9% |
| EBITDA margin | 9.3% |
| Days sales outstanding | 51d |
| Days payable outstanding | 101d |
| Inventory turnover | 3.62 |
| Days inventory (DSI) | 101d |
Full annual accounts (26 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €62.59M |
| Fixed assets | 21/28 | €17.43M |
| Intangible fixed assets | 21 | €1.19M |
| Tangible fixed assets | 22/27 | €16.24M |
| Current assets | 29/58 | €45.16M |
| Stocks & contracts in progress | 3 | €16.87M |
| Amounts receivable within one year | 40/41 | €14.85M |
| Cash & bank | 54/58 | €13.36M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €62.59M |
| Equity | 10/15 | €29.60M |
| Contributions / capital | 10/11 | €5.12M |
| Reserves | 13 | €3.04M |
| Accumulated profits (losses) | 14 | €21.44M |
| Provisions & deferred taxes | 16 | €125k |
| Amounts payable | 17/49 | €32.86M |
| Amounts payable after one year | 17 | €1.87M |
| Amounts payable within one year | 42/48 | €30.99M |
| Trade debts payable within one year | 44 | €16.88M |
| Income statement | ||
| Turnover | 70 | €103.74M |
| Operating result | 9901 | €7.23M |
| Financial income | 75 | €2.16M |
| Financial charges | 65 | €1.78M |
| Result before taxes | 9903 | €7.60M |
| Income taxes | 67/77 | €2.61M |
| Net result for the period | 9904 | €5.00M |
| Result to be appropriated | 9905 | €5.00M |
-
Madeleine RenningerDirectorState Gazette act 25107827 (26-08-2025)Current26-08-2025 → present
-
Joffrey AnkaertAuditorState Gazette act 24163713 (20-11-2024)Current20-11-2024 → present
-
Pierre de MunckDirectorState Gazette act 24086061 (06-06-2024)Current06-06-2024 → present
2 events
- 06-06-2024 Appointed· Director
- 07-07-2021 Resigned· Power delegate
-
Olivier BurietDirectorState Gazette act 22056400 (06-05-2022)Current06-05-2022 → present
-
Karel StoschekDirectorState Gazette act 24086061 (06-06-2024)Current07-07-2021 → present
3 events
- 06-06-2024 Appointed· Director
- 03-07-2023 Appointed· Director
- 07-07-2021 Appointed· Director
-
Olivier BurletDirectorState Gazette act 23365257 (03-07-2023)Current07-07-2021 → present
2 events
- 03-07-2023 Appointed· Director
- 07-07-2021 Appointed· Finance director
Show 1 more sitting directors
-
Elodie BouchardDirectorState Gazette act 24086061 (06-06-2024)Current06-07-2018 → present
3 events
- 06-06-2024 Appointed· Director
- 03-07-2023 Appointed· Director
- 06-07-2018 Appointed· Director
Historic, not recently confirmed (6)
-
KPMG Réviseurs d'Entreprises SCRLLegal entityAuditorState Gazette act 20101430 (02-09-2020)Not recently confirmedlast confirmed in an act from 2020
-
KPMG Réviseurs d'Entreprises SCRL civileLegal entityAuditorState Gazette act 11189258 (16-12-2011)Not recently confirmedlast confirmed in an act from 2011
-
Pierre EvlardDirectorState Gazette act 10152109 (15-10-2010)Not recently confirmedlast confirmed in an act from 2010
-
Madame SAGNA Mame GnilaneAdministratorState Gazette act 07108928 (23-07-2007)Not recently confirmedlast confirmed in an act from 2007
-
Monsieur EECKHOUT Guido ArthurAdministratorState Gazette act 07108928 (23-07-2007)Not recently confirmedlast confirmed in an act from 2007
Permanent representatives (1)
-
Dominic RousselleReprésentant permanentState Gazette act 17061139 (28-04-2017)Permanent representative28-04-2017 → present
Former directors (14)
-
Caroline WaleffeDirectorState Gazette act 24086061 (06-06-2024)Former06-06-2024 → 26-08-2025
2 events
- 26-08-2025 Resigned· Director
- 06-06-2024 Appointed· Director
-
Xavier NysAuditorState Gazette act 24163713 (20-11-2024)Former- → 20-11-2024
-
Laurent BraunsDirectorState Gazette act 22027982 (02-03-2022)Former02-03-2022 → 06-05-2022
2 events
- 06-05-2022 Resigned· Director
- 02-03-2022 Appointed· Director
-
Vincent BertiauxDirectorState Gazette act 19077205 (11-06-2019)Former11-06-2019 → 02-03-2022
3 events
- 02-03-2022 Resigned· Director
- 11-06-2019 Appointed· Director
- 11-06-2019 Appointed· General manager
-
Paulo MenoitaDirectorState Gazette act 18105277 (06-07-2018)Former06-07-2018 → 07-07-2021
2 events
- 07-07-2021 Resigned· Director
- 06-07-2018 Appointed· Director
| SRL PwC Reviseurs d'EntreprisesCurrent Commissaire | 26-08-2025 → present |
Show 5 earlier auditors
| Dominic Rousselle Commissaire | - → 23-09-2022 |
| KPMG Réviseurs d'Entreprises BV/SRL Commissaire | - → 26-08-2025 |
| KPMG Réviseurs d'Entreprises SCRL Commissaire succeeded by SRL PwC Reviseurs d'Entreprises in 2025 | 28-04-2017 → 26-08-2025 |
| la société DELOITTE AND TOUCHE Commissaire succeeded by KPMG Réviseurs d'Entreprises SCRL in 2017 | 23-07-2007 → 28-04-2017 |
| Xavier Nys Commissaire | 23-09-2022 → 03-07-2023 |
| NACE primary | Manufacture of food products(10320) |
| Legal form | Public limited company(014) |
| Incorporation | 19-09-1973 |
| Status | Active |
| Postal code | 1348 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25020B0074/00B002 | Wallonia | 6.2 ha | 1 · 17 m² | 7.8 m · 2 fl. |
| 25384B0023/00D000 | Wallonia | 2.9 ha | 1 · 9,111 m² | 11.1 m · 2 fl. |
| 21818A0033/00C003 | Brussels | 1.5 ha | 1 · 3,341 m² | 35.9 m · 10 fl. |
09-06-2026 NBB filing Annual accounts filed
26-08-2025 State Gazette act Director changes
19-05-2025 NBB filing Annual accounts filed
20-11-2024 State Gazette act Director changes
06-06-2024 State Gazette act Director changes
29-04-2024 NBB filing Annual accounts filed
03-07-2023 State Gazette act Director changes
02-11-2022 NBB filing Annual accounts filed
23-09-2022 State Gazette act Director changes
06-05-2022 State Gazette act Director changes
02-03-2022 State Gazette act Director changes
23-11-2021 NBB filing Annual accounts filed
07-07-2021 State Gazette act Director changes
07-07-2021 State Gazette act Director changes
10-11-2020 NBB filing Annual accounts filed
02-09-2020 State Gazette act Director changes
06-11-2019 NBB filing Annual accounts filed
11-06-2019 State Gazette act Director changes
24-10-2018 NBB filing Annual accounts filed
06-07-2018 State Gazette act Director changes
28-11-2017 NBB filing Annual accounts filed
30-05-2017 State Gazette act Director changes
28-04-2017 State Gazette act Director changes
14-11-2016 NBB filing Annual accounts filed
10-07-2015 State Gazette act Director changes
16-12-2011 State Gazette act Director changes
15-10-2010 State Gazette act Director changes
23-07-2007 State Gazette act Director changes
We know of 28 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
26-08-2025 2 directors appointed, 2 resigning
- Madeleine Renninger, Bestuurder
- SRL PwC Reviseurs d'Entreprises, Commissaire
- Caroline Waleffe, Bestuurder
- KPMG Réviseurs d'Entreprises BV/SRL, Commissaire
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}20-11-2024 1 director appointed, 1 resigning
- Joffrey Ankaert, Auditor
- Xavier Nys, Auditor
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}06-06-2024 4 directors appointed
- Elodie Bouchard, Bestuurder
- Caroline Waleffe, Bestuurder
- Pierre de Munck, Bestuurder
- Karel Stoschek, Bestuurder
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}03-07-2023 4 directors appointed
- Elodie Bouchard, Bestuurder
- Karel Stoschek, Bestuurder
- Olivier Burlet, Bestuurder
- Xavier Nys, Commissaire
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- Xavier Nys, Commissaire
- Dominic Rousselle, Commissaire
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}06-05-2022 1 director appointed, 1 resigning
- Olivier Buriet, Bestuurder
- Laurent Brauns, Bestuurder
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}02-03-2022 1 director appointed, 1 resigning
- Laurent Brauns, Bestuurder
- Vincent Bertiaux, Bestuurder
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}07-07-2021 1 director appointed, 1 resigning
- Olivier Burlet, Finance director
- Pierre de Munck, Power delegate
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}07-07-2021 1 director appointed, 1 resigning
- Karel Stoschek, Bestuurder
- Paulo Menoita, Bestuurder
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}02-09-2020 2 directors appointed
- KPMG Réviseurs d'Entreprises SCRL, Auditor
- Dominic Rousselle, Representative permanent
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}11-06-2019 2 directors appointed, 1 resigning
- Vincent Bertiaux, Bestuurder
- Vincent Bertiaux, General manager
- Geoffroy Dieu, Bestuurder
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}06-07-2018 2 directors appointed, 2 resigning
- Elodie Bouchard, Bestuurder
- Paulo Menoita, Bestuurder
- Jérôme Ferry, Bestuurder
- Mark Bailey, Bestuurder
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}30-05-2017 Jérôme Ferry appointed as director
- Jérôme Ferry, Bestuurder
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}28-04-2017 2 directors appointed
- KPMG Réviseurs d'Entreprises SCRL, Commissaire
- Dominic Rousselle, Représentant permanent
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}10-07-2015 1 director appointed, 1 resigning
- Mark Bailey, Bestuurder
- Joanne Fischlin, Bestuurder
Technical details
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}16-12-2011 2 directors appointed
- KPMG Réviseurs d'Entreprises SCRL civile, Auditor
- Dominic Rousselle, Representative permanent
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}15-10-2010 Pierre Evlard appointed as director
- Pierre Evlard, Bestuurder
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}23-07-2007 4 directors appointed, 4 resigning
- Monsieur EECKHOUT Guido Arthur, Administrator
- Monsieur FURNER Matthew Howard, Administrator
- Madame SAGNA Mame Gnilane, Administrator
- la société DELOITTE AND TOUCHE, Commissaire
- Monsieur DIEU Geoffroy, Administrator
- Monsieur KLEPPERS Johannes, Administrator
- Monsieur REMIJN Albert, Administrator
- Monsieur DESPRES Germain, Administrator
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}| Legal nameFR | FIRMENICH BELGIUM |
| AbbreviationFR | FIRBELL |