Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 153.1 to 85.3.
Financials
Financial year 2025
ROGERS from Evergem, company number BE0406657553, closed financial year 2025 with a result of € 32.2 million after tax. For that financial year ROGERS recorded revenue of € 119.7 million and equity of € 120.6 million. Compared with financial year 2024, the result moved from € 18.7 million to € 32.2 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 120.6 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32.2 million
▲ 72% vs 2024
Profit after tax over the fiscal year.
€ 21.4 million
▼ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 47.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
85.3
▼ 53 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 25.4 million
▲ 65% vs 2024
€ 298,100 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.
€ 582,557
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 121.8 million
€ 10 million is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 12 million
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 3.5 million
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 166,814,226 | € 140,627,084 | € 122,068,194 | € 119,705,194 | ▼ 2% |
| Profit after taxes | € 29,412,180 | € 37,180,363 | € 18,749,664 | € 32,244,986 | ▲ 72% |
| Equity | € 100,346,190 | € 116,911,860 | € 135,661,524 | € 120,629,031 | ▼ 11% |
| Total debts | € 191,945,504 | € 148,699,428 | € 148,507,698 | € 138,053,581 | ▼ 7% |
| Cash | € 33,673,599 | € 19,023,899 | € 22,929,331 | € 21,429,751 | ▼ 7% |
| Land & buildings | € 5,760,627 | € 5,417,633 | € 4,217,964 | € 3,780,168 | ▼ 10% |
| Retained profit | € 98,090,358 | € 114,656,028 | € 133,405,692 | € 118,373,199 | ▼ 11% |
| Dividend | € 0 | € 20,614,693 | € 0 | € 47,277,479 | |
| Bank debt | € 141,916,048 | € 121,617,876 | € 121,738,025 | € 121,775,861 | |
| Balance sheet total | € 293,098,104 | € 266,271,516 | € 300,048,825 | € 260,638,839 | ▼ 13% |
| Employees (FTE) | 184.6 | 153.1 | 138.3 | 85.3 | ▼ 53 |
Key figures of ROGERS, 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 ROGERS?
What happened at ROGERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32.2 million (▲ 72% vs 2024). Source: NBB ↗
- Sean Reader became a director. NBB
- Greg Karnos became a director. NBB
- Tim Bostyn stepped down as director. NBB
- Sara Depoortere became a director. NBB
- Tim Bostyn became a director. NBB
- New establishment in Evergem. KBO
- New establishment in Evergem. KBO
In short
From € 29.4 million profit in 2022 to € 32.2 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 37.2 million profit.
Paid out € 67.9 million in dividends to the owners in total.
Management
Behind ROGERS are Sean Reader, Sara Depoortere and Greg Karnos. It owns 100% of Rogers Advanced Material Technologies (Suzhou) Co., Ltd, 100% of Rogers Hungary Kft, 100% of Rogers GmbH, 100% of SK Utis Co Ltd and 100% of Rogers New Territories Corporation Limited itself.
Directors
According to the 2025 annual accounts
Sean Reader
Director
since 2025
Sara Depoortere
Director
since 2023
Greg Karnos
Director
since 2025
Tim Bostyn
Director
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Noorwegenstraat 3
9940 Evergem
Noorwegenstraat 7
9940 Evergem
Active since 1 June 2018
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.
Details
- Company number
- 0406.657.553
- VAT number
- BE 0406.657.553
- Registered office
- Noorwegenstraat 3, 9940 Evergem
- Names & denominations
- ROGERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 May 1969
- Peppol
- Active · Active since 1 Jan 2001
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