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 58 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Euro-Silo from Gent, company number BE0406057836, closed financial year 2026 with a result of € 4.4 million after tax. For that financial year Euro-Silo recorded revenue of € 41 million and equity of € 53.2 million. Compared with financial year 2025, the result moved from € 3.4 million to € 4.4 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 October 7, 2026.
€ 53.2 million
▲ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.4 million
▲ 27% vs 2025
Profit after tax over the fiscal year.
€ 1 million
▼ 46% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 51.4 million.
People and assets in 2026
92.1
▲ 15.7 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 9.3 million
▲ 20% vs 2025
€ 101,100 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.
€ 7 million
▲ € 6.5 million vs 2025
Of which on lease € 6.6 million.
Debts at end 2026
€ 7.1 million
€ 415,800 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 3.8 million
▲ 6% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 4.1 million
▲ 21% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 36,017,237 | € 35,273,434 | € 39,761,331 | € 40,954,717 | ▲ 3% |
| Profit after taxes | € 4,410,313 | € 2,382,337 | € 3,449,598 | € 4,380,352 | ▲ 27% |
| Equity | € 42,947,440 | € 45,329,777 | € 48,779,375 | € 53,159,727 | ▲ 9% |
| Total debts | € 8,154,256 | € 7,755,860 | € 7,232,477 | € 15,317,526 | ▲ 112% |
| Cash | € 2,205,291 | € 777,899 | € 1,850,838 | € 1,008,126 | ▼ 46% |
| Land & buildings | € 2,161,717 | € 3,792,015 | € 5,472,669 | € 6,548,044 | ▲ 20% |
| Retained profit | € 41,148,608 | € 43,530,944 | € 46,980,542 | € 51,360,894 | ▲ 9% |
| Bank debt | € 0 | € 0 | € 0 | € 7,147,816 | |
| Balance sheet total | € 51,130,701 | € 53,111,750 | € 56,025,664 | € 68,545,441 | ▲ 22% |
| Employees (FTE) | 71.1 | 70.3 | 76.4 | 92.1 | ▲ 15.7 |
Key figures of Euro-Silo, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 December 2027.
What happened to Euro-Silo?
What happened at Euro-Silo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 4.4 million (▲ 27% vs 2025). Source: NBB ↗
- Xavier VAN DEN AVENNE stepped down as director. NBB
- Thomas VANDEN AVENNE stepped down as director. NBB
- Filip VANDEN AVENNE stepped down as director. NBB
- Alexander WILSON stepped down as director. NBB
- Bruno CARELS stepped down as director. NBB
- Karel VANDERMEERSCH stepped down as director. NBB
- FIDUO BV stepped down as director. NBB
In short
From € 4.4 million profit in 2023 to € 4.4 million profit in 2026.
Paid € 5 million in corporate taxes since 2023.
Best year ever: 2023, with € 4.4 million profit.
Pays suppliers within 58 days on average.
Management
The stake of VANDEMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Euro-SiloThe shares are held by VANDEMA (80%).
Directors
According to the 2026 annual accounts
Xavier VAN DEN AVENNE
Chairman of the board
Also active at: VANDEN AVENNE COMMODITIES, Trading Flanders Company, Adviesbureau voor Bedrijfsbeheer, VANDEMA, XIMA, Alco Energy, ALCO AFRICA HOLDING, Carbon Green Logistics +4 more
since 2022 · until 2026
since 2024 · until 2026
since 2022 · until 2026
Alexander WILSON
Director
since 2022 · until 2026
Bruno CARELS
Director
Also active at: VANDEN AVENNE COMMODITIES, Alco Energy, ALCO AFRICA HOLDING, ALEM114
since 2022 · until 2026
Karel VANDERMEERSCH
Director
Also active at: OPHIR, Karman, Brouwcompagnie Rolling Hills, Refuge Kapelleberg, Carbon Green Logistics, GROEP VANDEN AVENNE COMMODITIES, Immo VVC
since 2022 · until 2026
since 2022 · until 2026
Shareholders
80%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
John Kennedylaan 19
9000 Gent
Geeraard Van den Daelelaan 20
9000 Gent
Active since 1 January 1969
Pleitstraat 3
9042 Gent
Active since 1 June 2000
Scheepzatestraat 94
9000 Gent
Active since 1 April 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
AS-UNIXSOLUTIONS Unix-Solutions Network, BE
Website info
Features
Security
Details
- Company number
- 0406.057.836
- VAT number
- BE 0406.057.836
- Registered office
- John Kennedylaan 19, 9000 Gent
- Names & denominations
- Euro-Silo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 1964
- Peppol
- Active · Active since 26 Sept 2025
- Contact
- eurosilo.be +32-09-251-21-41
- Activities · NACE
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