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 2025; threshold 65 %.
Financials
Financial year 2025
LUTOSA from Leuze-en-Hainaut, company number BE0418162347, closed financial year 2025 with a result of € 71.8 million after tax. For that financial year LUTOSA recorded revenue of € 705.3 million and equity of € 216 million. Compared with financial year 2024, the result moved from € 86.1 million to € 71.8 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 January 16, 2026.
€ 216 million
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 71.8 million
▼ 17% vs 2024
Profit after tax over the fiscal year.
€ 5.3 million
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13.2 million paid out
18 % of the profit went to the shareholders, mostly to McCain UKH2 Ltd (100 % of the shares). That is where the money ends up.
People and assets in 2025
1,009.7
▲ 6.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 75.3 million
€ 74,600 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.
€ 427,985
▲ 131% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 70 million
€ 30 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 167.1 million
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 113 days on average.
€ 16.6 million
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 441,099,905 | € 657,054,382 | € 698,220,000 | € 705,325,441 | ▲ 1% |
| Profit after taxes | € 12,693,938 | € 74,384,144 | € 86,123,065 | € 71,762,361 | ▼ 17% |
| Equity | € 97,202,596 | € 116,504,569 | € 157,545,239 | € 215,985,429 | ▲ 37% |
| Total debts | € 219,854,812 | € 334,909,304 | € 266,251,585 | € 269,675,546 | ▲ 1% |
| Cash | € 4,613,219 | € 3,007,003 | € 8,252,013 | € 5,258,260 | ▼ 36% |
| Land & buildings | € 31,365,383 | € 35,336,205 | € 32,552,419 | € 31,957,117 | ▼ 2% |
| Retained profit | € 20,796,231 | € 40,180,375 | € 81,303,439 | € 139,825,800 | ▲ 72% |
| Dividend | € 0 | € 55,000,000 | € 45,000,000 | € 13,240,000 | ▼ 71% |
| Bank debt | € 90,000,000 | € 90,000,000 | € 70,000,000 | € 70,000,000 | |
| Balance sheet total | € 317,078,012 | € 451,423,756 | € 423,805,691 | € 485,669,621 | ▲ 15% |
| Employees (FTE) | 938.6 | 953.6 | 1,003.2 | 1,009.7 | ▲ 6.5 |
Key figures of LUTOSA, 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 January 2027.
What happened to LUTOSA?
What happened at LUTOSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 71.8 million (▼ 17% vs 2024). Source: NBB ↗
- Emanuel Van den Broeke stepped down as director. NBB
- SISU Advies stepped down as director. NBB
- Brenda Tytgat stepped down as director. NBB
- Alain Duranleau stepped down as director. NBB
- SISU Advies became a director. NBB
- Alain Duranleau became a director. NBB
- Emanuel Van den Broeke became a director. NBB
In short
From € 12.7 million profit in 2022 to € 71.8 million profit in 2025.
Paid € 67.9 million in corporate taxes since 2022.
Best year ever: 2024, with € 86.1 million profit.
Paid out € 113.2 million in dividends to the owners in total.
Management
The shares are held by McCain UKH2 Ltd (100%). It owns 100% of LUTOSA UK Ltd, 100% of LES PRES SALES, 100% of LUTOSA ESPANA SA, 100% of LUTOSA ITALIA S.R.L., 100% of LUTOSA JAPAN K.K. and 100% of LUTOSA DO BRASIL itself.
Directors
According to the 2025 annual accounts
Emanuel Van den Broeke
Director
Also active at: IMMOBILIERE DE DANSONSPENNE, BEAUVOIR, LE RADAR AGRO, LES PRÉS SALÉS
since 2022 · until 2025
Managing director, Director · represented by Alain Dufait
Also active at: LES PRÉS SALÉS
since 2023 · until 2025
since 2023 · until 2025
since 2022 · until 2025
Shareholders
McCain UKH2 Ltd
100%
Participations
LUTOSA UK Ltd
100%
100%
LUTOSA ESPANA SA
100%
LUTOSA ITALIA S.R.L.
100%
LUTOSA JAPAN K.K.
100%
LUTOSA DO BRASIL
100%
LUTOSA FOODS SHANGHAI, LTD
100%
Establishments
Establishment units
Physical locations of this company
Zone industrielle du Vieux-Pont 5
7900 Leuze-en-Hainaut
Schoendalestraat 221
8793 Waregem
Active since 5 January 1983
Moerbosstraat 50
8793 Waregem
Active since 17 July 1996
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.162.347
- VAT number
- BE 0418.162.347
- Registered office
- Zone industrielle du Vieux-Pont 5, 7900 Leuze-en-Hainaut
- Names & denominations
- LUTOSA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 1978
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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