Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Samsonite Europe from Oudenaarde, company number BE0400245655, closed financial year 2025 with a result of € 123.5 million after tax. For that financial year Samsonite Europe recorded revenue of € 529.1 million and equity of € 369.4 million. Compared with financial year 2024, the result moved from € 143.4 million to € 123.5 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 369.4 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123.5 million
▼ 14% vs 2024
Profit after tax over the fiscal year.
€ 72.1 million
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 130 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
685.4
▼ 12.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 58.4 million
▼ 11% vs 2024
€ 85,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.2 million
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 90.2 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 88 days on average.
€ 19 million
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 485,651,746 | € 557,137,812 | € 546,479,690 | € 529,106,633 | ▼ 3% |
| Profit after taxes | € 28,796,561 | € 104,497,617 | € 143,417,916 | € 123,506,752 | ▼ 14% |
| Equity | € 347,930,514 | € 372,428,131 | € 375,846,047 | € 369,352,799 | ▼ 2% |
| Total debts | € 224,945,398 | € 231,830,047 | € 270,335,904 | € 210,542,208 | ▼ 22% |
| Cash | € 26,132,918 | € 74,164,268 | € 120,686,424 | € 72,055,405 | ▼ 40% |
| Land & buildings | € 10,142,363 | € 9,531,984 | € 12,959,240 | € 12,634,463 | ▼ 3% |
| Retained profit | € 120,966,646 | € 145,464,263 | € 148,882,178 | € 142,388,931 | ▼ 4% |
| Dividend | € 15,000,000 | € 80,000,000 | € 140,000,000 | € 130,000,000 | ▼ 7% |
| Bank debt | € 45,417,242 | € 27,394,742 | € 0 | € 0 | |
| Balance sheet total | € 586,137,130 | € 618,029,864 | € 662,325,737 | € 592,662,314 | ▼ 11% |
| Employees (FTE) | 585.3 | 657 | 698.1 | 685.4 | ▼ 12.7 |
Key figures of Samsonite Europe, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Samsonite Europe?
What happened at Samsonite Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Damien Mignot stepped down as director. NBB
- Kyle GENDREAU stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 123.5 million (▼ 14% vs 2024). Source: NBB ↗
- Thomas Roy Pizzuti stepped down as director. NBB
- Thomas Roy Pizzuti became a director. NBB
- Reza Taleghani stepped down as director. NBB
- Damien Mignot became a director. NBB
- Fabio Rugarli stepped down as director. NBB
In short
From € 28.8 million profit in 2022 to € 123.5 million profit in 2025.
Paid € 43.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 143.4 million profit.
Paid out € 365 million in dividends to the owners in total.
Management
The shares are held by Samsonite Europe Holdings Sarl (100%) and Samsonite Canada Inc (0%). It owns 100% of SAMSONITE BV, 100% of SAMSONITE NORWAY A/S, 100% of SAMSONITE GMBH, 100% of SAMSONITE ASIA LIMITED, 100% of SAMSONITE GESELLSCHAFT m.b.H and 100% of SAMSONITE CHINA HOLDINGS LIMITED itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2027
since 2024 · until 2025
since 2024 · until 2027
since 2024 · until 2026
since 2026 · until 2026
Shareholders
Samsonite Europe Holdings Sarl
100%
Samsonite Canada Inc
0%
Participations
SAMSONITE BV
100%
SAMSONITE NORWAY A/S
100%
SAMSONITE GMBH
100%
SAMSONITE ASIA LIMITED
100%
SAMSONITE GESELLSCHAFT m.b.H
100%
SAMSONITE CHINA HOLDINGS LIMITED
100%
SAMSONITE HUNGARIA KFT
100%
SAMSONITE AB
100%
SAMSONITE AG
100%
100%
SAMSONITE SINGAPORE PTE LTD
100%
SAMSONITE SAS
100%
SAMSONITE MAURITIUS LIMITED
100%
SAMSONITE KOREA LTD
100%
SAMSONITE SPOLKA Z.O.O.
100%
SAMSONITE LTD
100%
TUMI Ireland LTD
100%
100%
SAMSONITE FINLAND OY
100%
SAMSONITE MALAYSIA
100%
SAMSONITE S.P.A. UNIPERSONALE
100%
SAMSONITE ESPANA SA
100%
SAMSONITE MACAU LDA
100%
99.9%
SAMSONITE SEYAHAT ÜRÜNLERI SANAYI VE TICARET ANONIM SIRKETI
60%
SAMSONITE SOUTHERN AFRICA
60%
Establishments
Establishment units
Physical locations of this company
Westerring 17
9700 Oudenaarde
Waterloolaan 9
1000 Brussel
Active since 1 October 1966
Zetellaan(E) 100
3630 Maasmechelen
Active since 1 June 2003
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Active since 18 September 2008
Industriepark "De Bruwaan" 32
9700 Oudenaarde
Active since 31 March 2014
Sint-Amandsstraat 46
8000 Brugge
Active since 19 April 2019
Louizalaan 52
1050 Elsene
Active since 1 March 2023
Rue d'Arlon 199 box Unit # 45
6780 Messancy
Active since 11 July 2024
Grasmarkt 84
1000 Brussel
Active since 28 May 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.245.655
- VAT number
- BE 0400.245.655
- Registered office
- Westerring 17, 9700 Oudenaarde
- Names & denominations
- Samsonite Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1966
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
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