Equity
€4.9m from €72.3m in 2018
Equity fell by 93% in 7 years.
Nestlé Belgilux
Lifetime
17 annual accounts with figures on one time axis, 49 filings since 1977peak €435.4m (2025)
€435.4m▲ 2.9%
peak €35.8m (2018)
€8.5m▼ 56.8%
peak €72.3m (2018)
€4.9m▼ 0.3%
€85.9m▲ 2.2%
peak 362.6 FTE (2021)
345.6 FTE▲ 0.1%
Board17 names since 2003all names
3 directorsMichel Mersch and 2 others
Owners
consolidatesNestlé S.A.
Documentsfilings and deeds
26-03-2026127 days before the deadline
2025financial year
Result from €19.7m to €8.5mPowers of attorney: Patricie GRÈZE and Nicolas TACK 29-10Powers of attorney: Marco ZANCHI and Arthur DUQUESNE WATELET… 25-093 directors reappointed 14-05Resignation: Saskia DEKNOCK (director) 14-05Dividend €8.5m
Key points
from the 2025 annual accountsResult
€8.5m ▼ 56.8%
The result fell in 2025 from €19.7m to €8.5m.
Debts
€85.9m 90% of the balance sheet
Financial debts 12%Suppliers 62%Taxes and wages 16%Other 10%
Of this, €85.9m falls due within a year.
Investments
€565,987 0.1 × depreciation
Green is investment, beige is depreciation.
Filings
49 annual accounts 61 filings since 1977
The last five annual accounts were filed 96 to 127 days before the end of the period.
Position in the sector
5.2%
Lower solvency than 88% of companies in food products. Sector median 39.6% · 792 companies.
Checked score
63
Healthy
Financially stronger than 23% of large companies in food products (NACE 10)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 62 companies (NACE 10, large).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%highest value
01-2025: 1.2%● unchanged vs 12-2024highest value
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.1%▼ -0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026lowest value
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 1.2%● unchanged vs 05-2026highest value
07-2026: 1.2%● unchanged vs 06-2026highest value
08-2026: 1.2%● unchanged vs 07-2026highest value
09-2026: 1.2%● unchanged vs 08-2026highest value
10-2026: 1.2%● unchanged vs 09-2026highest value
11-2026: 1.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Equity €4.9m (5.2% of total assets)
Liquidity: current ratio 0.89, cash €3,912
Sector: Manufacture of food products (NACE 10)
lowers risk
Size: turnover €435.4m, 345.6 FTE, total assets €95.5m
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 10, large). It does better than 7% of them on solvency, 2% on liquidity, 47% on profitability and 37% on growth.
The bankruptcy probability was computed on 07-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 1,522 companies had the same profile as Nestlé Belgilux has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
3.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Nestlé Belgilux itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,522 companies, not a prediction for Nestlé Belgilux. 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
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.89 (0.84 in 2024), below 1. Short-term debt is 89.9% and cash 0% of total assets. 94.8% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 792 sector peers (2025).
NBB · sector comparisonPosition among 792 sector peers
Solvency
better than 11%
← weakest
strongest →
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 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 days early
2024
125 days early
2023
127 days early
2022
105 days early
2021
96 days early
2020
115 days early
2019
112 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 115 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% 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 28 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
3 directors reappointed
Michel Mersch, Robert Trompetter and Jean-Jacques Aussems · General meeting of 26-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0402231383
3 directors reappointed
Saskia Deknock, Robert Trompetter and Michel Mersch · General meeting of 27-03-2025 · Gazette deed
Resignation: Saskia DEKNOCK (director)
Appointment: Jean-Jacques AUSSEMS (director) · Director discharge: Saskia DEKNOCK · General meeting of 28-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Nestlé Belgilux Anderlecht | €435.4m | 2.5% | 5.2% | 345.6 |
| ALPRO Wevelgem | €608.6m | 6.7% | 65.8% | 796.2 |
| Aminolabs Belgium Hasselt | €60.8m | 4.3% | 55.8% | 119.6 |
| Metagenics Belgium Ostend | €90.8m | 13.6% | 62.3% | 216.1 |
| Aminolabs Materials Hasselt | - | - | 100.0% | - |
| SUPPLEMENTS DISTRIBUTION Aubange | €23.2m | 4.2% | 18.1% | 50.4 |
| MEDIX Laboratoires Oudenaarde | €45.8m | 6.2% | 20.2% | 65.1 |
Grey: the largest companies of the sector (food products (NACE 10)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Nestlé Belgilux: manufacture of food products (NACE 10860). They are comparable in size and age: total assets between €12m and €453m, founded between 1980 and 2013.
Official details
Source: KBO- Status
- Active since 07-05-1925Normal situation
- Activity
- Manufacture of food productsNACE 10860and 1 other
- Joint committees
- 118Food industry
- 220White-collar workers in the food industry · annual accounts 2025
- Establishment units
- 2.003.629.2281070 Anderlecht, since 01-05-1925
- 2.333.969.1612000 Antwerp, since 01-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- €95.5m▲ 0.2%
- Employeeson 31-12-2025
- 358▲ 2.9%
- Filing
- Filed on 26-03-2026, 127 days before the end of the filing period
Insights on Nestlé Belgilux
Nestlé Belgilux has existed since 1925. Turnover grew from €252.8m in 2009 to €435.4m in 2025 and staff from 239.4 to 345.6 full-time equivalents.
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 Nestlé Belgilux
- What is the company number of Nestlé Belgilux?
- The company number of Nestlé Belgilux is 0402.231.383. The VAT number is the same number with BE in front: BE 0402.231.383.
- Where is Nestlé Belgilux based?
- The registered office is at Birminghamstraat 221, 1070 Anderlecht.Company details
- What does Nestlé Belgilux do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10860).
- What is the legal form of Nestlé Belgilux?
- Nestlé Belgilux is a public limited company (NV).
- When was Nestlé Belgilux founded?
- Nestlé Belgilux was founded on 07-05-1925.
- Is Nestlé Belgilux still active?
- Yes, Nestlé Belgilux is an active enterprise in the KBO register.
- How many employees does Nestlé Belgilux have?
- Nestlé Belgilux had an average of 345.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Nestlé Belgilux fall under?
- In its 2025 annual accounts, Nestlé Belgilux states joint committees 118 (Food industry) and 220 (White-collar workers in the food industry).
- What is the turnover of Nestlé Belgilux?
- The turnover of Nestlé Belgilux was €435.4m in financial year 2025, according to the filed annual accounts.
- Is Nestlé Belgilux profitable?
- In financial year 2025, Nestlé Belgilux made a profit of €8.5m.
- Where can I find the annual accounts of Nestlé Belgilux?
- Nestlé Belgilux filed 61 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Nestlé Belgilux due?
- Nestlé Belgilux must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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