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 39 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
EDENRED BELGIUM from Oudergem, company number BE0407034269, closed financial year 2024 with a result of € 79.8 million after tax. For that financial year EDENRED BELGIUM recorded revenue of € 139.2 million and equity of € 331.9 million. Compared with financial year 2023, the result moved from € 104.3 million to € 79.8 million. The company is profitable. 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 June 26, 2025.
€ 331.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 79.8 million
▼ 24% vs 2023
Profit after tax over the fiscal year.
€ 111.3 million
▼ 55% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 79.7 million paid out
100 % of the profit went to the shareholders, mostly to Edenred SE (100 % of the shares). That is where the money ends up.
People and assets in 2024
185.6
▲ 17.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 19.4 million
▲ 13% vs 2023
€ 104,300 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.
€ 281,637
▼ 7% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 138.8 million
€ 69.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 35 million
▲ 30% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 109 days on average.
€ 6.2 million
▼ 28% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 106,797,806 | € 116,400,452 | € 141,374,711 | € 139,240,523 | ▼ 2% |
| Profit after taxes | € 46,649,967 | € 55,268,497 | € 104,325,638 | € 79,780,490 | ▼ 24% |
| Equity | € 331,847,188 | € 331,851,641 | € 331,876,125 | € 331,909,397 | |
| Total debts | € 732,373,002 | € 559,290,341 | € 683,585,429 | € 546,701,377 | ▼ 20% |
| Cash | € 433,317,178 | € 267,683,327 | € 246,615,568 | € 111,312,605 | ▼ 55% |
| Retained profit | € 104,069,689 | € 104,074,142 | € 104,098,627 | € 104,131,898 | |
| Dividend | € 46,631,249 | € 55,264,044 | € 104,301,154 | € 79,747,219 | ▼ 24% |
| Bank debt | € 189,067,708 | € 157,834,056 | € 138,816,232 | € 138,816,232 | |
| Balance sheet total | € 1,065,234,565 | € 892,414,461 | € 1,016,781,811 | € 878,921,273 | ▼ 14% |
| Employees (FTE) | 172.7 | 170.7 | 168.1 | 185.6 | ▲ 17.5 |
Key figures of EDENRED BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EDENRED BELGIUM?
What happened at EDENRED BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Arnaud ERULIN stepped down as director. NBB
- Patrick LANGLOIS stepped down as director. NBB
- Dana SINTEJUDEAN stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 79.8 million (▼ 24% vs 2023). Source: NBB ↗
- Dana SINTEJUDEAN became a director. NBB
- Olivier BOUQUET stepped down as director. NBB
- Julien TANGUY stepped down as director. NBB
- Arnaud ERULIN became a director. NBB
In short
From € 46.6 million profit in 2021 to € 79.8 million profit in 2024.
Paid € 35.5 million in corporate taxes since 2021.
Best year ever: 2023, with € 104.3 million profit.
Paid out € 285.9 million in dividends to the owners in total.
Management
The shares are held by Edenred SE (100%). It owns 100% of Cube Re, 100% of EDENRED MEXICO S.A DE C.V, 100% of EDENRED MEXICO FINTECH S.A, 98.3% of LUNCHEON TICKETS and 98.3% of Promote itself.
Directors
According to the 2024 annual accounts
Arnaud ERULIN
Director
since 2023 · until 2026
Patrick LANGLOIS
Director
since 2023 · until 2026
Olivier BOUQUET
Managing director
since 2023 · until 2025
Julien TANGUY
Director
since 2023 · until 2025
Dana SINTEJUDEAN
Director
since 2025 · until 2026
Shareholders
Edenred SE
100%
Participations
Cube Re
100%
EDENRED MEXICO S.A DE C.V
100%
EDENRED MEXICO FINTECH S.A
100%
LUNCHEON TICKETS
98.3%
Promote
98.3%
Establishments
Establishment units
Physical locations of this company
Vorstlaan 165 box 9
1160 Oudergem
Groenenborgerlaan 84
2610 Antwerpen
Active since 26 July 2011
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →COLGATE - PALMOLIVE BELGIUM
€ 70.3 million revenue · 2025
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€ -4,702 gross margin · 2025
FEDERATION EUROPEENNE DES AEROSOLS
PALAWEST
€ -4,874 gross margin · 2025
HILL'S PET PRODUCTS (BENELUX)
€ 31 million revenue · 2025
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.034.269
- VAT number
- BE 0407.034.269
- Registered office
- Vorstlaan 165 bus 9, 1160 Oudergem
- Names & denominations
- EDENRED BELGIUM · Ticket Restaurant
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 1970
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Ondersteunende activiteiten i.v.m. financiële instellingen, n.e.g.
Activiteiten i.v.m. waardebonnen, korting-en premiezegels
Activiteiten van holdings
Holdings
Overige zakelijke dienstverlening, neg