Financials
Financial year 2025
Soudal from Turnhout, company number BE0404914028, closed financial year 2025 with a result of € 16.7 million after tax. For that financial year Soudal recorded revenue of € 768.5 million and equity of € 158.2 million. Compared with financial year 2023, the result moved from € 29.2 million to € 16.7 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 158.2 million
▼ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16.7 million
▼ 43% vs 2023
Profit after tax over the fiscal year.
€ 6.7 million
▲ 7% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 50 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1,148.1
▲ 127.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 110.4 million
▲ 19% vs 2023
€ 96,200 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.
€ 4 million
▲ 34% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 255.2 million
▲ 13% vs 2023
€ 26.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 99.8 million
▼ 4% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 14.8 million
▲ 13% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|
| Revenue | € 750,708,705 | € 732,211,609 | € 768,503,612 | ▲ 5% |
| Profit after taxes | € -3,108,425 | € 29,183,338 | € 16,651,364 | ▼ 43% |
| Equity | € 186,803,321 | € 163,985,718 | € 158,174,849 | ▼ 4% |
| Total debts | € 441,798,503 | € 396,294,420 | € 441,829,140 | ▲ 11% |
| Cash | € 5,249,490 | € 6,231,458 | € 6,683,806 | ▲ 7% |
| Land & buildings | € 45,498,466 | € 65,717,385 | € 84,362,830 | ▲ 28% |
| Retained profit | € 184,701,438 | € 161,884,776 | € 156,074,849 | ▼ 4% |
| Dividend | € 0 | € 52,000,000 | € 50,000,000 | ▼ 4% |
| Bank debt | € 260,704,780 | € 225,141,930 | € 255,168,168 | ▲ 13% |
| Balance sheet total | € 632,796,192 | € 564,410,746 | € 604,378,667 | ▲ 7% |
| Employees (FTE) | 1,031.2 | 1,020.9 | 1,148.1 | ▲ 127.2 |
Key figures of Soudal, 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 Soudal?
What happened at Soudal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Soudal BV BO stepped down as director. NBB
- Jurgen Vandervelden stepped down as director. NBB
- Soudal Holding NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 16.7 million (▼ 43% vs 2023). filed late Source: NBB ↗
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.1 million loss in 2022 to € 16.7 million profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 29.2 million profit.
Paid out € 102 million in dividends to the owners in total.
Management
The stake of SOUDAL HOLDING, JONELINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SoudalThe shares are held by SOUDAL HOLDING (99.8%) and JONELINVEST (0.2%). It owns 42.7% of PDR Gmbh and 26.9% of PDR Recycling Gmbh & Co KG itself.
Directors
According to the 2025 annual accounts
Soudal BV BO
Director · represented by Dirk Coorevits
· until 2028
· until 2028
Managing director · represented by Victor Swerts
Also active at: SAPAC PACKAGING & RECYCLING, INNOVATION FUND
· until 2028
Shareholders
99.8%
0.2%
Participations
PDR Gmbh
42.7%
PDR Recycling Gmbh & Co KG
26.9%
Establishments
Establishment units
Physical locations of this company
Everdongenlaan 20
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0404.914.028
- VAT number
- BE 0404.914.028
- Registered office
- Everdongenlaan 20, 2300 Turnhout
- Names & denominations
- Soudal
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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