Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LOTUS BAKERIES from Kaprijke, company number BE0401030860, closed financial year 2025 with a result of € 87.3 million after tax. Compared with financial year 2024, the result moved from € 39 million to € 87.3 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 May 18, 2026.
€ 198.2 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 87.3 million
▲ 124% vs 2024
Profit after tax over the fiscal year.
€ 533,897
▲ 103% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 73.3 million paid out
84 % of the profit went to the shareholders, mostly to Stichting van aandelen Lotus Bakeries (50 % of the shares). That is where the money ends up.
Debts at end 2025
€ 440.7 million
▼ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 14.6 million
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 242 days on average.
€ 909,123
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 130,145,782 | € 27,807,069 | € 39,027,318 | € 87,265,156 | ▲ 124% |
| Equity | € 226,519,281 | € 206,747,596 | € 184,006,077 | € 198,176,159 | ▲ 8% |
| Total debts | € 468,144,852 | € 472,240,873 | € 516,013,026 | € 594,238,125 | ▲ 15% |
| Cash | € 2,215,332 | € 294,629 | € 262,906 | € 533,897 | ▲ 103% |
| Retained profit | € 210,131,239 | € 190,359,554 | € 167,618,034 | € 181,788,117 | ▲ 8% |
| Dividend | € 36,970,585 | € 47,578,754 | € 61,768,838 | € 73,334,770 | ▲ 19% |
| Bank debt | € 413,888,122 | € 409,762,860 | € 443,691,030 | € 440,670,227 | ▼ 1% |
| Balance sheet total | € 694,664,133 | € 678,988,470 | € 700,144,103 | € 793,658,506 | ▲ 13% |
Key figures of LOTUS BAKERIES, 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 LOTUS BAKERIES?
What happened at LOTUS BAKERIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benoit Graulich BV stepped down as director. NBB
- Stephenson NV stepped down as director. NBB
- Anton Stevens stepped down as director. NBB
- Palumi BV stepped down as director. NBB
- Vasticom BV stepped down as director. NBB
- Concellent NV stepped down as director. NBB
- Beneconsult BV stepped down as director. NBB
- Eagli stepped down as director. NBB
In short
From € 130.1 million profit in 2022 to € 87.3 million profit in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2022, with € 130.1 million profit.
Paid out € 219.7 million in dividends to the owners in total.
Management
The stake of PMF, BOCADO-HOLDING, KRISTOFIN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LOTUS BAKERIESThe shares are held by Stichting van aandelen Lotus Bakeries (50%), (Publicly held) Publiek (49.5%), Lotus Bakeries NV (0.5%), PMF (9.1%), BOCADO-HOLDING and KRISTOFIN. It owns 100% of Lotus Bakeries Nederland BV, 100% of Lotus Bakeries België, 100% of Biscuiterie Willems, 100% of Interwaffles, 100% of Lotus Bakeries France SAS and 100% of Lotus Bakeries Austria GmbH itself.
Directors
According to the 2025 annual accounts
Director · represented by Benoit Graulich
Also active at: AXXES, SHORE, Tech Tribes, BMT INTERNATIONAL, RUBIO INTERNATIONAL, Geo Investment Square, BENCIS CAPITAL PARTNERS BELGIUM, EDEN PROJECTS
since 2025 · until 2029
Managing director · represented by Jan Boone
Also active at: CREMERS - RIBERT, CLUB BRUGGE, CLUB BRUGGE DEVELOPMENT, CLUB BRUGGE OEFENCENTRUM, CLUB BRUGGE STADION, TL INTERNATIONAL, M&M Management, WEAREONE.world +1 more
since 2025 · until 2029
Director · represented by Michel Moortgat
Also active at: DUVEL MOORTGAT, Brouwerij De Valk, Gildenhuis Wilrijk, ANTWERP CITY BREWERY, Brouwerij De Koninck, La Vallée des Fées, Moortgat Financial Services, BRASSERIE D'ACHOUFFE +6 more
since 2022 · until 2026
since 2024 · until 2028
Director · represented by Benedikte Boone
Also active at: DECEUNINCK, PLASTICS DECEUNINCK, POLLET GROUP, BEPOPLAST, Cemminerals, Tunal, So Easy Belgium, TENDER EXPERTS +1 more
since 2024 · until 2028
Director · represented by Noelle Goris
since 2023 · until 2027
Director · represented by Peter Bossaert
Also active at: VAN DE VELDE, INTERNATIONAL FOOD SERVICES, IFS Holding, Offshore Catering Management, Aditya
since 2025 · until 2029
Director · represented by Emanuel Boone
since 2022 · until 2026
Chairman of the board · represented by Jan Vander Stichele
Also active at: HESBAYEFROST, STEENHOUT, BEAULIEU INTERNATIONAL GROUP, B.I.G COORDINATION CENTER, ARDO ENERGY, Vanéflon Holding, HESBAYE IMMO, DIGROM IMMO +2 more
since 2025 · until 2029
Shareholders
(Publicly held) Publiek
49.5%
0.5%
9.1%
Participations
Lotus Bakeries Nederland BV
100%
100%
100%
Lotus Bakeries France SAS
100%
Lotus Bakeries Austria GmbH
100%
Lotus Bakeries North America
100%
100%
Lotus Bakeries Australia PTY Ltd.
100%
Lotus Bakeries CZ sro
100%
Lotus Bakeries Italy S.R.L.
100%
Lotus Bakeries International und Schweiz AG
100%
Lotus Bakeries Asia Pasific Limited
100%
Lotus Bakeries Corporate Switzerland AG
100%
Lotus Bakeries Japan G.K.
100%
Lotus Bakeries UK ltd
100%
Annas - Lotus Bakeries Holding AB
100%
Lotus Montréal Canada Inc.
100%
Lotus Bakeries GmbH
100%
Lotus Bakeries España S.L.
100%
Lotus Asia Pacific Management Services Ltd.
99.9%
Lotus Bakeries Réassurances SA
99.9%
Lotus Asia Pacific Manufacturing Ltd.
99.9%
Establishments
Establishment units
Physical locations of this company
Gentstraat 1
9971 Kaprijke
Gentstraat 52
9971 Kaprijke
Active since 28 February 1934
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
lotusbakeries.com
Registered
2000-09-10
Registrar
NameWeb BVBA
Expires
2026-09-10
Website info
Features
Security
Details
- Company number
- 0401.030.860
- VAT number
- BE 0401.030.860
- Registered office
- Gentstraat 1, 9971 Kaprijke
- Names & denominations
- LOTUS BAKERIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1934
- Peppol
- Active · Active since 7 Apr 2026
- Contact
- lotusbakeries.com [email protected]
- Activities · NACE
Vervaardiging van beschuit, biscuit en houdbaar banketbakkerswerk
Vervaardiging van beschuit en koekjes en ander houdbaar banketbakkerswerk