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 46 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SIKA BELGIUM from Nazareth-De Pinte, company number BE0402007392, closed financial year 2025 with a result of € 10.8 million after tax. For that financial year SIKA BELGIUM recorded revenue of € 83.5 million and equity of € 17.1 million. Compared with financial year 2024, the result moved from € 2 million to € 10.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2026.
€ 17.1 million
▲ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10.8 million
▲ € 8.9 million vs 2024
Profit after tax over the fiscal year.
€ 287,959
▲ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6 million paid out
55 % of the profit went to the shareholders, mostly to Sika AG (100 % of the shares). That is where the money ends up.
People and assets in 2025
127.9
▲ 54.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.4 million
▲ 54% vs 2024
€ 112,800 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.
€ 149,424
▲ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.3 million
▼ 78% vs 2024
Loans from banks and other lenders, long and short.
€ 5.7 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 6.1 million
▲ 81% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 78,600,483 | € 60,000,318 | € 62,189,854 | € 83,509,187 | ▲ 34% |
| Profit after taxes | € 2,285,639 | € -265,639 | € 1,958,008 | € 10,822,953 | ▲ € 8.9 million |
| Equity | € 13,590,201 | € 13,324,562 | € 12,282,570 | € 17,105,523 | ▲ 39% |
| Total debts | € 9,480,193 | € 30,869,912 | € 30,508,718 | € 22,053,464 | ▼ 28% |
| Cash | € 216,223 | € 171,320 | € 155,400 | € 287,959 | ▲ 85% |
| Land & buildings | € 1,836,411 | € 1,738,299 | € 1,637,751 | € 10,650,001 | ▲ € 9 million |
| Retained profit | € 3,326,603 | € 3,060,964 | € 2,018,972 | € 6,841,925 | ▲ 239% |
| Dividend | € 0 | € 0 | € 3,000,000 | € 6,000,000 | ▲ 100% |
| Bank debt | € 2,380,925 | € 23,331,757 | € 19,418,061 | € 4,267,027 | ▼ 78% |
| Balance sheet total | € 23,777,211 | € 44,984,951 | € 43,586,755 | € 40,090,399 | ▼ 8% |
| Employees (FTE) | 71.3 | 74.7 | 73.6 | 127.9 | ▲ 54.3 |
Key figures of SIKA BELGIUM, 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 SIKA BELGIUM?
What happened at SIKA BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fernando Perez stepped down as director. NBB
- Zoran Iljadica stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 10.8 million (▲ € 8.9 million vs 2024). Source: NBB ↗
- New establishment in Tessenderlo-Ham. KBO
- Eric Dehasque stepped down as director. NBB
- Fernando Perez became a director. NBB
- Daniel Lang stepped down as director. NBB
- Zoran Iljadica became a director. NBB
In short
From € 2.3 million profit in 2022 to € 10.8 million profit in 2025.
Paid € 7.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 10.8 million profit.
Paid out € 9 million in dividends to the owners in total.
Management
The shares are held by Sika AG (100%).
Directors
According to the 2025 annual accounts
Eric Dehasque
Chairman of the board
since 2025 · until 2025
Fernando Perez
Director
since 2025 · until 2031
Daniel Lang
Director
since 2022 · until 2025
Zoran Iljadica
Director
since 2025 · until 2031
Shareholders
Sika AG
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Venecoweg 37
9810 Nazareth-De Pinte
Nijverheidsweg 89
3945 Tessenderlo-Ham
Active since 1 July 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.007.392
- VAT number
- BE 0402.007.392
- Registered office
- Venecoweg 37, 9810 Nazareth-De Pinte
- Names & denominations
- SIKA BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Not registered
- Activities · NACE
Groothandel in chemische producten voor industrieel gebruik
Groothandel in chemische producten
Vervaardiging dakpannen, tegels en andere producten voor de bouw, van gebakken klei
Vervaardiging van dakpannen