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OLEON

Active
Public limited companyfounded 1969active for 57 yearsAssenedestraat 2, 9940 Evergem, BelgiumKBO/BCE: BE 0406.414.162
Summary

OLEON has been active since 1969 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €233.9m and a net result of €14.5m. Equity is growing by about 6.2% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20140
Largest employer in East Flanders, Chemicals sector2 sites
Size
€713.4mturnover 2024
Staff
571 FTE
Equity
€233.9m
Profit
€14.5m
Standalone figures, without subsidiaries
Financial health
65 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Parent
AVRIL PÔLE VEGETAL SAS · 100%
Holdings
13
Accounts 32 days early4 of 50 deeds read
Why 65raises riskFigures for financial year 2024 (filed 23-06-2025)Liquidity: current ratio 1.63, cash €6.3mlowers riskFounded in 1969Size: turnover €713.4m, 571 FTE, total assets €602.5m, files consolidated accountsShow the evidence

Checked score

Score 2024
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 43% of its sector peers (NACE 20, large)
Financial strength · tick = 2023
Average
Solvency 64-7
equity 38.8% of total assets
Liquidity 38=
short-term debt 30.6% · cash 1.0%
Profitability 50+18
return on assets 2.4%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (44 companies, NACE 20, large)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026 10-2026: 1.1%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €15,200,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.63, compared with 2.07 in 2023, above the usual 1.5; short-term debt: 30.6% and cash: 1% of total assets), but 61.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 20, large): better than 41% on solvency, 44% on liquidity, 36% on profitability and 49% on growth.

The bankruptcy probability was computed on 14-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 23-06-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.63, cash €6.3m
NBB · annual accounts
lowers risk · Founded in 1969
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €713.4m, 571 FTE, total assets €602.5m, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
32 days early
2024
38 days early
2023
37 days early
2022
28 days early
2021
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 33 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% 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 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · consolidated
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations: Douwina Bosscher (day-to-day manager) and…Appointment: Savannah Business Partners BV…

Key points

  • Caution: Board changedlatest change 24-06-2026 · 2 in office 3 joined · 4 left View
  • Positive: Back in profit in 2024after -€2.9m in 2023 €14.5m View
  • Positive: Largest employer in East Flanders, Chemicals sectorin the Checked rankings No. 1 View
  • Controlled by AVRIL PÔLE VEGETAL SASthe company in turn controls 13 companies 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View
  • Active since 1969founded 19-03-1969 57 years View
  • EU research moneyEU contribution €6.7m View

By topic

Financials

Financial year
2024
Turnover
€713.4m
Profit
€14.5m
Solvency
38.8%
Turnover▼ 5.9%
Net result
20182024
Go to Financials

Board & ownership

Board
2 members
Parent
AVRIL PÔLE VEGETAL SAS · 100%
  • Paul-Yves L'AnthoënChair
  • Antoine PrevostManaging director
Go to Board & ownership

Timeline

Events
81
Since
1978
Next accounts
by 31-07-2027
  1. 31-03-2026Resignations: Jean-Philippe Puig (bestuurder van de vennootschap)…
  2. 18-11-2025Annual accounts filed
  3. 29-07-2025Resignation: Julmax Comm. V. (day-to-day manager)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20140
Founded
19-03-1969
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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