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SONOCO

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Public limited companyfounded 1989active for 37 yearsCulliganlaan 1, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0438.082.088

Financials · financial year 2025, full format

2025 annual accounts filed 10 days after the deadline Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399832.

Annual accounts 2025 filed on 10-08-2026 at the NBB all 36 filings

Turnover
€5.6m▼ 3.7%
2024 · €5.8m
EBIT margin
-8.1%▼ 16.4pp
2024 · 8.3%
Net result
€279.2m▲ 429×
2024 · €650,890
Working capital
€37.0m
2024 · -€27.1m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €456,645, after a profit of €487,148 in 2024. It is the lowest result since 2021.

Turnover€5.6m 2025 Operating result-€0.5m 2025 Net result€279.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€7.6m-€7.7m▲ 1.5%€4.9m▼ 36.7%€5.9m▲ 20.7%€6.8m▲ 14.6%€7.2m▲ 7.3%€5.8m▼ 19.3%€5.6m▼ 3.7%
Operating result€0.4m-€0.7m▲ 109%€0.2m▼ 71.1%€0.5m▲ 155%€0.5m▼ 3.7%€0.6m▲ 13.1%€0.5m▼ 17.2%-€0.5m
Net result€0.6m-€0.7m▲ 30.4%€0.6mabove the sector's middle half▼ 16.0%€0.8mabove the sector's middle half▲ 32.3%€0.8mabove the sector's middle half▲ 3.6%€1.8mabove the sector's middle half▲ 118%€0.7mabove the sector's middle half▼ 64.1%€279.2mabove the sector's middle half▲ 429×
EBIT margin4.6%-9.5%▲ 4.9pp4.3%▼ 5.2pp9.2%▲ 4.8pp7.7%▼ 1.5pp8.1%▲ 0.4pp8.3%▲ 0.2pp-8.1%▼ 16.4pp
Equity€64.7m-€65.4m▲ 1.1%€66.0mabove the sector's middle half▲ 0.9%€16.8mabove the sector's middle half▼ 74.5%€17.7mabove the sector's middle half▲ 4.9%€2,088.4mabove the sector's middle half▲ 118×€2,031.6mabove the sector's middle half▼ 2.7%€2,060.8mabove the sector's middle half▲ 1.4%
Total assets€240.3m-€254.9m▲ 6.1%€291.6mabove the sector's middle half▲ 14.4%€234.2mabove the sector's middle half▼ 19.7%€255.7mabove the sector's middle half▲ 9.2%€2,337.1mabove the sector's middle half▲ 814%€2,109.4mabove the sector's middle half▼ 9.7%€2,062.9mabove the sector's middle half▼ 2.2%
Debt€175.6m-€189.5m▲ 7.9%€225.6m▲ 19.1%€217.4m▼ 3.6%€238.0m▲ 9.5%€248.8m▲ 4.5%€77.8m▼ 68.7%€2.0m▼ 97.4%
Working capital-€74.0m--€61.3m▲ 17.1%-€70.2mbelow the sector's middle half▼ 14.5%-€116.4mbelow the sector's middle half▼ 65.8%-€114.0mbelow the sector's middle half▲ 2.1%-€84.5mbelow the sector's middle half▲ 25.9%-€27.1mbelow the sector's middle half▲ 67.9%€37.0mabove the sector's middle half
Solvency26.9%-25.7%▼ 1.3pp22.6%within the sector's middle half▼ 3.0pp7.2%below the sector's middle half▼ 15.5pp6.9%below the sector's middle half▼ 0.3pp89.4%above the sector's middle half▲ 82.4pp96.3%above the sector's middle half▲ 7.0pp99.9%above the sector's middle half▲ 3.6pp
Current ratio0.58-0.68▲ 0.100.69within the sector's middle half▲ 0.010.46below the sector's middle half▼ 0.220.52below the sector's middle half▲ 0.060.66within the sector's middle half▲ 0.140.65within the sector's middle half▼ 0.0119.17above the sector's middle half▲ 18.52
Return on assets (ROA)0.2%-0.3%▲ 0.1pp0.2%within the sector's middle half▼ 0.1pp0.3%within the sector's middle half▲ 0.1pp0.3%within the sector's middle half=0.1%below the sector's middle half▼ 0.2pp0.0%below the sector's middle half=13.5%above the sector's middle half▲ 13.5pp
Staff (FTE)24-24.1▲ 0.4%23.5above the sector's middle half▼ 2.5%24.1above the sector's middle half▲ 2.6%26.5above the sector's middle half▲ 10.0%27.6above the sector's middle half▲ 4.2%23.8above the sector's middle half▼ 13.8%21.1above the sector's middle half▼ 11.3%
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Large changes and their cause
  • 2023 Equity +11,719%, Total assets +814% on 2022. Capital increase of €2,068,909,304 (Official Gazette 08-12-2023).
  • 2021 Equity -75% on 2020. Capital reduction of €50,000,000 (Official Gazette 01-10-2021).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.06bn
Fixed assets €2.02bn ▼ 1.7%
Current assets €39.1m ▼ 22.5%
Equity and liabilities €2.06bn
Equity €2.06bn ▲ 1.4%
Debt €2.0m ▼ 97.4%
Debt's share of the balance-sheet total falls from 3.7% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€424,284▼
2024 · €535,936
Cash flow
€279.2m▲
2024 · €699,678
Debt to equity
0.00▼
2024 · 0.04
ROE
13.5%▲
2024 · 0.0%
Interest coverage
-0.50▼
2024 · 0.30
Debt ≤ 1 year
€2.0m▼
2024 · €77.5m
Income taxes
-€1,385▼
2024 · €252,173
Customer credit
188 days▲
2024 · 154 days
Staff costs
€5.9m▲
2024 · €5.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date2628262321
full-time2527252220
part-time11111
in full-time equivalents25.827.825.822.820.8
Average over the year, in full-time equivalents24.126.527.623.821.1
On a permanent contract2628262321
Joined55100
Left23332
Training hours----86

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€362,761-€25,497--
Financial fixed assets--€2.07bn--
Depreciation and write-downs of the year€87,415€89,779€76,724€48,788€32,361

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€27,040€27,040€28,392€29,386€42,587
Other work by the auditor--€50,000-€0
Work by persons linked to the auditor€17,800€11,000€31,800€44,189€342,922

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €1,022 awarded · €1,022 paid
Year Entries AwardedPaid
2025 1 €596€596
2024 1 €426€426
Schemes
2 entries · €1,022 · €1,022 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 69 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,109.4m€2,062.9m▼
Fixed assets21/28€2,059.1m€2,023.8m▼
Tangible fixed assets22/27€0.2m€0.1m▼
Furniture and vehicles24€0.2m€0.1m▼
Financial fixed assets28€2,058.9m€2,023.7m▼
Affiliated companies280/1€2,058.9m€2,023.7m▼
Participating interests280€2,021.5m€2,021.5m=
Amounts receivable281€37.4m€2.2m▼
Other financial fixed assets284/8€310-
Amounts receivable and cash guarantees285/8€310-
Current assets29/58€50.4m€39.1m▼
Amounts receivable within one year40/41€50.1m€4.0m▼
Trade receivables40€2.5m€2.9m▲
Other amounts receivable41€47.7m€1.1m▼
Cash at bank and in hand54/58€0.007m€34.9m▲
Deferred charges and accrued income490/1€0.3m€0.2m▼
Equity and liabilities
Total equity and liabilities10/49€2,109.4m€2,062.9m▼
Equity10/15€2,031.6m€2,060.8m▲
Contributions10/11€2,028.5m€1,778.5m▼
Capital10€2,028.5m€1,778.5m▼
Issued capital100€2,028.5m€1,778.5m▼
Reserves13€0.8m€14.8m▲
Non-distributable reserves130/1€0.8m€14.8m▲
Legal reserve130€0.8m€14.8m▲
Profit (loss) carried forward14€2.3m€267.5m▲
Amounts payable17/49€77.8m€2.0m▼
Amounts payable within one year42/48€77.5m€2.0m▼
Financial debts43€28.5m€0.9m▼
Credit institutions430/8€28.5m€0.9m▼
Trade debts44€0.3m€0.8m▲
Suppliers440/4€0.3m€0.8m▲
Taxes, remuneration and social security45€0.8m€0.4m▼
Taxes450/3€0.2m€0.007m▼
Remuneration and social security454/9€0.6m€0.4m▼
Other amounts payable47/48€47.9m-
Accrued charges and deferred income492/3€0.3m-
Income statement Code20242025
Operating income70/76A€8.3m€8.0m▼
Turnover70€5.8m€5.6m▼
Other operating income74€2.5m€2.3m▼
Operating charges60/66A€7.8m€8.4m▲
Services and other goods61€2.6m€2.4m▼
Remuneration, social security and pensions62€5.0m€5.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.03m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.02m
Other operating charges640/8€0.2m€0.05m▼
Operating profit (loss)9901€0.5m-€0.5m▼
Financial income75/76B€2.3m€280.7m▲
Recurring financial income75€2.3m€280.7m▲
Income from financial fixed assets750€1.3m€279.8m▲
Income from current assets751€1.0m€0.7m▼
Other financial income752/9-€0.2m
Non-recurring financial income76B€493€0.06m▲
Financial charges65/66B€1.9m€1.1m▼
Recurring financial charges65€1.9m€1.1m▼
Debt charges650€1.8m€0.9m▼
Other financial charges652/9€0.1m€0.2m▲
Profit (loss) for the period before taxes9903€0.9m€279.2m▲
Income taxes67/77€0.3m-€0.001m▼
Taxes670/3€0.3m-
Tax adjustments and reversals of tax provisions77€0.02m€0.001m▼
Profit (loss) for the period9904€0.7m€279.2m▲
Profit (loss) for the period to be appropriated9905€0.7m€279.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€12.3m€281.5m▲
Profit (loss) brought forward from the previous period14P€11.7m€2.3m▼
Transfer to equity691/2€0.03m€14.0m▲
To the legal reserve6920€0.03m€14.0m▲
Profit to be distributed694/7€10.0m-
Return on contributions (dividend)694€10.0m-
Social balance sheet
Average headcount (FTE)908723.821.1▼

The notes to these accounts have 55 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 10-08-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€8.3m€9.3m€9.9m€8.3m€8.0m▼ 4.5%
Turnover70€7.6m€7.7m€4.9m€5.9m€6.8m€7.2m€5.8m€5.6m▼ 3.7%
Other operating income74---€2.4m€2.6m€2.7m€2.5m€2.3m▼ 6.4%
Operating charges60/66A---€7.7m€8.8m€9.3m€7.8m€8.4m▲ 7.3%
Services and other goods61---€3.9m€4.5m€4.3m€2.6m€2.4m▼ 7.2%
Remuneration, social security and pensions62---€3.6m€4.0m€4.9m€5.0m€5.9m▲ 18.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.08m€0.04m€0.09m€0.09m€0.08m€0.05m€0.03m▼ 33.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-------€0.02m-
Other operating charges640/8---€0.2m€0.2m€0.06m€0.2m€0.05m▼ 78.4%
Operating profit (loss)9901€0.4m€0.7m€0.2m€0.5m€0.5m€0.6m€0.5m-€0.5m-
Financial income75/76B---€0.8m€1.9m€6.6m€2.3m€280.7m▲ 122×
Recurring financial income75€1.2m€1.3m€1.0m€0.8m€1.9m€6.6m€2.3m€280.7m▲ 122×
Income from financial fixed assets750---€0.8m€1.4m€4.7m€1.3m€279.8m▲ 212×
Income from current assets751---€0.01m€0.5m€1.9m€1.0m€0.7m▼ 30.4%
Other financial income752/9-------€0.2m-
Non-recurring financial income76B-----€0.001m€493€0.06m▲ 127×
Financial charges65/66B---€0.2m€1.2m€4.7m€1.9m€1.1m▼ 42.2%
Recurring financial charges65€0.7m€0.8m€0.3m€0.2m€1.2m€4.7m€1.9m€1.1m▼ 42.2%
Debt charges650€0.6m€0.7m€0.2m€0.1m€1.1m€4.6m€1.8m€0.9m▼ 51.7%
Other financial charges652/9---€0.1m€0.1m€0.1m€0.1m€0.2m▲ 98.1%
Profit (loss) for the period before taxes9903€0.9m€1.3m€0.9m€1.1m€1.2m€2.5m€0.9m€279.2m▲ 309×
Income taxes67/77€0.3m€0.5m€0.3m€0.3m€0.4m€0.6m€0.3m-€0.001m-
Taxes670/3---€0.3m€0.4m€0.6m€0.3m--
Tax adjustments and reversals of tax provisions77------€0.02m€0.001m▼ 91.4%
Profit (loss) for the period9904€0.6m€0.7m€0.6m€0.8m€0.8m€1.8m€0.7m€279.2m▲ 429×
Profit (loss) for the period to be appropriated9905€0.6m€0.7m€0.6m€0.8m€0.8m€1.8m€0.7m€279.2m▲ 429×
Line20182019202020212022202320242025Change
Assets
Total assets20/58€240.3m€254.9m€291.6m€234.2m€255.7m€2,337.1m€2,109.4m€2,062.9m▼ 2.2%
Fixed assets21/28€139.1m€127.0m€137.0m€133.5m€132.0m€2,173.2m€2,059.1m€2,023.8m▼ 1.7%
Intangible fixed assets21€0.1m€0.1m€0.07m€0.04m€0.01m€0.003m---
Tangible fixed assets22/27€0.009m€0€0€0.3m€0.2m€0.2m€0.2m€0.1m▼ 20.3%
Furniture and vehicles24---€0.3m€0.2m€0.2m€0.2m€0.1m▼ 20.3%
Financial fixed assets28€138.9m€126.9m€136.9m€133.2m€131.8m€2,172.9m€2,058.9m€2,023.7m▼ 1.7%
Affiliated companies280/1---€133.2m€131.8m€2,172.9m€2,058.9m€2,023.7m▼ 1.7%
Participating interests280-----€2,068.9m€2,021.5m€2,021.5m=
Amounts receivable281---€133.2m€131.8m€104.0m€37.4m€2.2m▼ 94.2%
Other financial fixed assets284/8---€0.005m€310€310€310--
Amounts receivable and cash guarantees285/8---€0.005m€310€310€310--
Current assets29/58€101.2m€127.9m€154.7m€100.7m€123.7m€164.0m€50.4m€39.1m▼ 22.5%
Amounts receivable within one year40/41€2.8m€3.2m€3.5m€3.4m€4.0m€4.4m€50.1m€4.0m▼ 92.0%
Trade receivables40---€2.9m€3.4m€3.9m€2.5m€2.9m▲ 17.5%
Other amounts receivable41---€0.5m€0.6m€0.4m€47.7m€1.1m▼ 97.7%
Cash at bank and in hand54/58€97.7m€123.7m€151.2m€96.5m€119.3m€158.3m€0.007m€34.9m▲ 5,043×
Deferred charges and accrued income490/1---€0.7m€0.4m€1.3m€0.3m€0.2m▼ 25.6%
Equity and liabilities
Total equity and liabilities10/49€240.3m€254.9m€291.6m€234.2m€255.7m€2,337.1m€2,109.4m€2,062.9m▼ 2.2%
Equity10/15€64.7m€65.4m€66.0m€16.8m€17.7m€2,088.4m€2,031.6m€2,060.8m▲ 1.4%
Contributions10/11€57.0m€57.0m€57.0m€7.0m€7.0m€2,075.9m€2,028.5m€1,778.5m▼ 12.3%
Capital10---€7.0m€7.0m€2,075.9m€2,028.5m€1,778.5m▼ 12.3%
Issued capital100---€7.0m€7.0m€2,075.9m€2,028.5m€1,778.5m▼ 12.3%
Reserves13€0.6m€0.6m€0.6m€0.7m€0.7m€0.8m€0.8m€14.8m▲ 18×
Non-distributable reserves130/1---€0.7m€0.7m€0.8m€0.8m€14.8m▲ 18×
Legal reserve130---€0.7m€0.7m€0.8m€0.8m€14.8m▲ 18×
Profit (loss) carried forward14€7.1m€7.8m€8.4m€9.2m€10.0m€11.7m€2.3m€267.5m▲ 116×
Amounts payable17/49€175.6m€189.5m€225.6m€217.4m€238.0m€248.8m€77.8m€2.0m▼ 97.4%
Amounts payable within one year42/48€175.2m€189.2m€224.8m€217.1m€237.7m€248.5m€77.5m€2.0m▼ 97.4%
Financial debts43---€119.9m€107.4m€112.4m€28.5m€0.9m▼ 96.8%
Credit institutions430/8---€119.9m€107.4m€112.4m€28.5m€0.9m▼ 96.8%
Trade debts44€0.6m€0.5m€0.3m€0.9m€1.0m€0.6m€0.3m€0.8m▲ 162%
Suppliers440/4---€0.9m€1.0m€0.6m€0.3m€0.8m▲ 162%
Taxes, remuneration and social security45---€0.8m€0.9m€0.9m€0.8m€0.4m▼ 57.2%
Taxes450/3---€0.2m€0.2m€0.3m€0.2m€0.007m▼ 97.0%
Remuneration and social security454/9---€0.6m€0.6m€0.7m€0.6m€0.4m▼ 42.2%
Other amounts payable47/48---€95.4m€128.3m€134.6m€47.9m--
Accrued charges and deferred income492/3---€0.3m€0.4m€0.3m€0.3m--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.6m€0.7m€0.6m€0.8m€0.8m€1.8m€0.7m€279.2m▲ 429×
+ Depreciation and write-downs630€0.2m€0.08m€0.04m€0.09m€0.09m€0.08m€0.05m€0.03m▼ 33.7%
Operating cash flow (approximation)€0.8m€0.8m€0.6m€0.9m€0.9m€1.9m€0.7m€279.2m▲ 399×
Investment in fixed assets (approximation)-€12.0m-€10.0m€3.3m€1.4m-€2,041.2m€114.0m€35.2m▼ 69.1%
Change in cash-€26.0m€27.5m-€54.6m€22.7m€39.0m-€158.3m€34.9m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 36 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 10-08-2026 2026-00399832 PDF
31-12-2024 full format 09-07-2025 2025-00261451 PDF
31-12-2023 full format 16-07-2024 2024-00273968 PDF
31-12-2022 full format 04-07-2023 2023-00212123 PDF
31-12-2021 full format 12-07-2022 2022-20186625 PDF
31-12-2020 full format 05-07-2021 2021-32400013 PDF
31-12-2019 full format 28-07-2020 2020-35400378 PDF
31-12-2018 full format 21-05-2019 2019-14700209 PDF
31-12-2017 full format 29-05-2018 2018-14600520 PDF
31-12-2016 full format 18-05-2017 2017-12600030 PDF

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