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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Shrinking team NBB
FTE fell two years in a row, from 429.1 to 374.3.
Financials
Financial year 2025
Danone Belux from Brussel, company number BE0400774801, closed financial year 2025 with a result of € 9.3 million after tax. For that financial year Danone Belux recorded revenue of € 326.9 million and equity of € 21.8 million. Compared with financial year 2024, the result moved from € 1.3 million to € 9.3 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 21.8 million
▲ 75% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.3 million
▲ € 8 million vs 2024
Profit after tax over the fiscal year.
€ 64.6 million
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 11.8 million.
People and assets in 2025
374.3
▼ 27.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 52 million
▼ 6% vs 2024
€ 138,900 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.
€ 889,123
▲ 18% 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.
€ 96.3 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 118 days on average.
€ 14.7 million
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 120,306,280 | € 307,779,939 | € 315,068,274 | € 326,882,126 | ▲ 4% |
| Profit after taxes | € 479,243 | € 6,004,372 | € 1,337,245 | € 9,325,897 | ▲ € 8 million |
| Equity | € 12,669,055 | € 18,673,428 | € 12,442,212 | € 21,768,109 | ▲ 75% |
| Total debts | € 164,656,143 | € 126,742,640 | € 101,679,430 | € 111,039,284 | ▲ 9% |
| Cash | € 65,802,237 | € 54,210,081 | € 55,061,546 | € 64,563,160 | ▲ 17% |
| Land & buildings | € 289,272 | € 214,130 | € 137,351 | € 67,647 | ▼ 51% |
| Retained profit | € 2,677,603 | € 8,681,976 | € 2,450,760 | € 11,776,657 | ▲ € 9.3 million |
| Dividend | € 0 | € 0 | € 7,568,460 | € 0 | ▼ 100% |
| Balance sheet total | € 183,687,129 | € 147,653,045 | € 123,565,760 | € 140,645,635 | ▲ 14% |
| Employees (FTE) | 197.3 | 429.1 | 402 | 374.3 | ▼ 27.7 |
Key figures of Danone Belux, 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 Danone Belux?
What happened at Danone Belux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michael Scott Saunders stepped down as director. NBB
- Evren Dogu stepped down as director. NBB
- Thibault de Monplanet stepped down as director. NBB
- Olivier Alexandre-Gingras stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.3 million (▲ € 8 million vs 2024). Source: NBB ↗
- Michael Scott Saunders became a director. NBB
- Evren Dogu became a director. NBB
- Thibault de Monplanet became a director. NBB
In short
From € 479,243 profit in 2022 to € 9.3 million profit in 2025.
Paid € 9.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 9.3 million profit.
Paid out € 7.6 million in dividends to the owners in total.
Management
The shares are held by Nutricia International B.V. (89.6%), Société Anonyme des Eaux Minérales d'Evian (10.4%) and Holding Internationale de Boissons (0%). It owns 24.9% of NUTRICIA SRL BO itself.
Directors
According to the 2025 annual accounts
Michael Scott Saunders
Director
since 2025 · until 2031
Thibault de Monplanet
Director
since 2023 · until 2029
Evren Dogu
Director
since 2024 · until 2030
Olivier Alexandre-Gingras
Director
since 2022 · until 2028
Shareholders
Nutricia International B.V.
89.6%
Société Anonyme des Eaux Minérales d'Evian
10.4%
Holding Internationale de Boissons
0%
Participations
NUTRICIA SRL BO
24.9%
Establishments
Establishment units
Physical locations of this company
Werkhuizenkaai 159-160
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.774.801
- VAT number
- BE 0400.774.801
- Registered office
- Werkhuizenkaai 159-160, 1000 Brussel
- Names & denominations
- Danone Belux
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 1960
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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