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 19 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 331.1 to 265.6.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
SCR - SIBELCO from Antwerpen, company number BE0404679941, closed financial year 2025 with a result of € 108.6 million after tax. For that financial year SCR - SIBELCO recorded revenue of € 125.2 million and equity of € 1.6 billion. Compared with financial year 2024, the result moved from € 14.7 million to € 108.6 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 11, 2026.
€ 1.6 billion
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 108.6 million
▲ € 93.9 million vs 2024
Profit after tax over the fiscal year.
€ 142,205
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 68.6 million paid out
63 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
265.6
▼ 33.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 41.4 million
▼ 27% vs 2024
€ 155,900 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.
€ 9.7 million
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 65.2 million
▼ 33% vs 2024
€ 2.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 30 years.
€ 84.7 million
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 218 days on average.
€ 6.3 million
▼ 67% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 125,640,006 | € 109,400,935 | € 106,779,463 | € 125,242,812 | ▲ 17% |
| Profit after taxes | € 1,625,166 | € 227,409,365 | € 14,692,753 | € 108,579,496 | ▲ € 93.9 million |
| Equity | € 1,503,813,815 | € 1,662,600,453 | € 1,608,730,499 | € 1,648,752,402 | ▲ 2% |
| Total debts | € 487,546,464 | € 430,543,723 | € 1,172,953,727 | € 950,026,469 | ▼ 19% |
| Cash | € 473,207 | € 391,592 | € 569,074 | € 142,205 | ▼ 75% |
| Land & buildings | € 10,040,822 | € 10,342,581 | € 9,704,104 | € 8,254,139 | ▼ 15% |
| Retained profit | € 1,478,404,192 | € 1,637,256,630 | € 1,583,392,455 | € 1,623,415,022 | ▲ 3% |
| Dividend | € 56,083,370 | € 68,556,928 | € 68,556,928 | € 68,556,928 | |
| Bank debt | € 333,681,139 | € 237,493,585 | € 97,698,435 | € 65,175,530 | ▼ 33% |
| Balance sheet total | € 1,993,584,831 | € 2,120,823,742 | € 2,813,117,836 | € 2,609,057,471 | ▼ 7% |
| Employees (FTE) | 332.8 | 331.1 | 298.7 | 265.6 | ▼ 33.1 |
Key figures of SCR - SIBELCO, 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 SCR - SIBELCO?
What happened at SCR - SIBELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ASSAPP NV stepped down as director. NBB
- W. INVEST SA stepped down as director. NBB
- WAYS-RUART SA stepped down as director. NBB
- Maxime JADOT stepped down as director. NBB
- Srinivasan VENKATAKRISHNAN stepped down as director. NBB
- Séverine DE SADELEER stepped down as director. NBB
- CMV PARTNERS COMM. V stepped down as director. NBB
- Kerstin KONRADSSON stepped down as director. NBB
In short
From € 1.6 million profit in 2022 to € 108.6 million profit in 2025.
Paid € 1.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 227.4 million profit.
Paid out € 261.8 million in dividends to the owners in total.
Management
The stake of COLL EARN, MARINVEST, SIBELGE, SIBELHE, EMBILCO, SIBELMA, VERRON BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SCR - SIBELCOBehind SCR - SIBELCO is BOPLICITY BV. The shares are held by COLL EARN (2%), MARINVEST (0%), SIBELGE, SIBELHE, EMBILCO and SIBELMA. It owns 100% of Sibelco Hellas Mining SA, 100% of SIBELCO SWITZERLAND AG, 100% of Watts Blake Bearne International Holdings BV, 100% of Sibelco Nordic AB, 100% of Sibelco Minerals GmbH and 100% of Inversiones Indonesia SL itself.
Directors
According to the 2025 annual accounts
Chairman of the board, Director · represented by PAUL DEPUYDT
Also active at: Ravago Building Solutions Belgium, Devos-Plastics, De Eik, RESINEX Belgium, FACTORING SERVICE CENTER, H. ESSERS, RAVAGO LOGISTICS, RAVAGO COORDINATION CENTER +11 more
since 2024
Director · represented by Jean-Louis DE CARTIER DE MARCHIENNE
Also active at: BREPOLS, BREPOLS PUBLISHERS
since 2025 · until 2028
Director · represented by Paul CORNET DE WAYS-RUART
Also active at: Floridienne, ADRIEN INVEST
since 2024 · until 2027
Maxime JADOT
Director
since 2024 · until 2027
Srinivasan VENKATAKRISHNAN
Director
since 2024 · until 2027
Christoph GROSSPETER
Director
since 2023 · until 2025
Director · represented by Gaëtan WAUCQUEZ
Also active at: Floridienne, ENZYBEL INTERNATIONAL
since 2025 · until 2028
Director · represented by Michel DELLOYE
Also active at: Vandemoortele, ABACUS GROUP, EMAsphere, Petercam Invest, QUAEROQ, COSUCRA - GROUPE WARCOING
since 2022 · until 2025
since 2023 · until 2026
Séverine DE SADELEER
Director
since 2024 · until 2027
Director · represented by Michel VERHAEGHE DE NAEYER
since 2023 · until 2026
Director · represented by CURD VANDEKERCKHOVE
Also active at: REYNAERS ALUMINIUM, THE WALLFASHION HOUSE, Grandeco Wallfashion Group - Belgium
since 2024 · until 2027
GlaCerMin GmbH
Director · represented by Thomas MARX
since 2025 · until 2026
Director · represented by Pierre NOTHOMB
Also active at: "IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE " OU " IMMOBILIEN VENNOOTSCHAP VAN BELGIE"
since 2023 · until 2026
Kerstin KONRADSSON
Director
since 2024 · until 2027
Director · represented by Evrard VAN ZUYLEN VAN NYEVELT
since 2023 · until 2026
Participations
Sibelco Hellas Mining SA
100%
SIBELCO SWITZERLAND AG
100%
Watts Blake Bearne International Holdings BV
100%
Sibelco Nordic AB
100%
Sibelco Minerals GmbH
100%
Inversiones Indonesia SL
100%
100%
SIBELUX SA
100%
100%
SIBELCO NORDIC A/S
100%
Sibelco Nordic OY AB
100%
100%
Sibelco Asia Pacific Pty Ltd
100%
SIBELCO ITALIA SPA
100%
SIBELCO ASIA PTE LTD
100%
SIBELCO NEDERLAND NV
100%
Sibelco North America Inc
100%
Sibelco Green Solutions Poland S.A.
100%
100%
SIBELCO MINERALES SL
100%
UNIMIN DO BRASIL LTDA
100%
100%
99.8%
76.8%
FICAREX SRO
50%
Dansand A/S
50%
Sibelco Green Solutions SAS
27.4%
Avalon Advanced Materials Inc.
19.9%
Establishments
Establishment units
Physical locations of this company
Plantin en Moretuslei 1A
2018 Antwerpen
Beliweg 45
2030 Antwerpen
Active since 1 October 1961
Maatheide 125
3920 Lommel
Active since 1 June 1984
Steenweg naar As(M) ZN
3630 Maasmechelen
Active since 1 June 1961
De Zate 1
2480 Dessel
Active since 1 January 1972
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Bedrijfsgroepering Zandgroeven-Groupement des Sablières
Limburgse Berggrinduitbating same network
COFISA same network
SILFIN same network
Act&Sorb same network
€ -929,116 gross margin · 2024
+3 more
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
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
sibelco.com
Registered
1997-10-01
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-09-30
Website info
Features
Security
Details
- Company number
- 0404.679.941
- VAT number
- BE 0404.679.941
- Registered office
- Plantin en Moretuslei 1A, 2018 Antwerpen
- Names & denominations
- SCR - SIBELCO · SIBELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 1872
- Peppol
- Active · Active since 8 Sept 2022
- Activities · NACE
Winning van zand
Activiteiten van holdings
Holdings