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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
Griffith Foods from Herentals, company number BE0408403058, closed financial year 2025 with a result of € -2.3 million after tax. For that financial year Griffith Foods recorded revenue of € 111.2 million and equity of € 61.4 million. Compared with financial year 2024, the result moved from € -3.3 million to € -2.3 million. The company made a loss. 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 March 18, 2026.
€ 61.4 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.3 million
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3.7 million
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.4 million.
People and assets in 2025
224.1
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 23.5 million
▲ 3% vs 2024
€ 104,800 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.
€ 2.6 million
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 81.8 million
▼ 18% vs 2024
Loans from banks and other lenders, long and short.
€ 18.5 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 5 million
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 98,846,190 | € 103,607,548 | € 105,442,911 | € 111,248,521 | ▲ 6% |
| Profit after taxes | € 557,108 | € -18,695,592 | € -3,327,190 | € -2,311,849 | ▲ € 1 million |
| Equity | € 17,543,200 | € 56,315,988 | € 52,988,797 | € 61,426,949 | ▲ 16% |
| Total debts | € 104,363,272 | € 122,383,018 | € 128,312,806 | € 106,924,236 | ▼ 17% |
| Cash | € 4,754,653 | € 2,996,018 | € 8,198,940 | € 3,660,037 | ▼ 55% |
| Land & buildings | € 4,166,701 | € 4,678,671 | € 4,979,331 | € 5,213,748 | ▲ 5% |
| Retained profit | € 10,618,200 | € -3,761,559 | € -7,088,749 | € -9,400,598 | ▼ € 2.3 million |
| Bank debt | € 76,148,337 | € 91,138,668 | € 99,797,406 | € 81,766,833 | ▼ 18% |
| Balance sheet total | € 121,906,472 | € 178,699,006 | € 181,301,604 | € 168,351,185 | ▼ 7% |
| Employees (FTE) | 221.8 | 228.2 | 222.3 | 224.1 | ▲ 1.8 |
Key figures of Griffith Foods, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Griffith Foods?
What happened at Griffith Foods in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- William Cahill stepped down as director. NBB
- Filip De Reymaeker stepped down as director. NBB
- Matthew Charles Corker stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.3 million. Source: NBB ↗
- Brian Griffith stepped down as director. NBB
- Thomas Verrooten stepped down as director. NBB
- Thomas Verrooten became a director. NBB
- William Cahill became a director. NBB
In short
From € 557,108 profit in 2022 to € 2.3 million loss in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2022, with € 557,108 profit.
Pays suppliers within 76 days on average.
Management
The shares are held by Griffith Foods Worldwide Inc (100%). It owns 100% of Griffith Foods Ltd Rwanda, 100% of Griffith Foods SAU and 100% of Griffith Foods Ltd itself.
Directors
According to the 2025 annual accounts
Filip De Reymaeker
Managing director
since 2023 · until 2029
Matthew Charles Corker
Director
since 2023 · until 2029
Brian Griffith
Director
since 2020 · until 2026
Thomas Verrooten
Director
since 2025 · until 2025
William Cahill
Director
since 2025 · until 2030
Shareholders
Griffith Foods Worldwide Inc
100%
Participations
Establishments
Establishment units
Physical locations of this company
Toekomstlaan(HRT) 44
2200 Herentals
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
Self-hosted
Hosting
AKAMAI-LINODE-AP Akamai Connected Cloud, SG
Domain
Domain
griffithfoods.com
Registered
2015-08-06
Registrar
Domain-It!
Expires
2026-08-06
Website info
Features
Security
Details
- Company number
- 0408.403.058
- VAT number
- BE 0408.403.058
- Registered office
- Toekomstlaan(HRT) 44, 2200 Herentals
- Names & denominations
- Griffith Foods
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 1971
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- griffithfoods.com
- Activities · NACE
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