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 52 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 978.1 to 578.9.
Financials
Financial year 2025
Ontex from Buggenhout, company number BE0419457296, closed financial year 2025 with a result of € 42.4 million after tax. For that financial year Ontex recorded revenue of € 1.5 billion and equity of € 360.1 million. Compared with financial year 2024, the result moved from € 87.2 million to € 42.4 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 360.1 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42.4 million
▼ 51% vs 2024
Profit after tax over the fiscal year.
€ 27.2 million
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 271 million.
People and assets in 2025
578.9
▼ 329.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 52.9 million
▼ 28% vs 2024
€ 91,300 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.
€ 34,444
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 475.5 million
▼ 27% vs 2024
Loans from banks and other lenders, long and short.
€ 263.1 million
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.
€ 21.8 million
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,419,563,079 | € 1,570,107,655 | € 1,575,312,954 | € 1,508,177,428 | ▼ 4% |
| Profit after taxes | € -42,289,884 | € 80,018,428 | € 87,240,711 | € 42,376,464 | ▼ 51% |
| Equity | € 150,490,919 | € 230,509,347 | € 317,750,058 | € 360,126,520 | ▲ 13% |
| Total debts | € 1,076,775,042 | € 964,516,857 | € 971,481,275 | € 768,712,480 | ▼ 21% |
| Cash | € 19,273,177 | € 180,084,490 | € 199,598,391 | € 27,223,425 | ▼ 86% |
| Land & buildings | € 847,574 | € 1,273,587 | € 1,390,560 | € 1,289,625 | ▼ 7% |
| Retained profit | € 61,382,675 | € 141,401,103 | € 228,641,814 | € 271,018,278 | ▲ 19% |
| Bank debt | € 762,204,251 | € 648,043,802 | € 648,043,802 | € 475,507,322 | ▼ 27% |
| Balance sheet total | € 1,227,699,071 | € 1,195,459,314 | € 1,320,864,443 | € 1,140,244,152 | ▼ 14% |
| Employees (FTE) | 1,002.7 | 978.1 | 908.2 | 578.9 | ▼ 329.3 |
Key figures of Ontex, 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 Ontex?
What happened at Ontex in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 42.4 million (▼ 51% vs 2024). Source: NBB ↗
- Deroo Management & Consulting BV became a director. NBB
- Jonas Deroo stepped down as director. NBB
- Jonas Deroo became a director. NBB
- Émage Europe BV became a director. NBB
- Chilibri BV became a director. NBB
- New establishment in Aalst. KBO
- New establishment in Eeklo. KBO
In short
From € 42.3 million loss in 2022 to € 42.4 million profit in 2025.
Paid € 6.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 87.2 million profit.
Pays suppliers within 68 days on average.
Management
Behind Ontex are Deroo Management & Consulting BV, Émage Europe BV and Chilibri BV. The shares are held by Ontex Group NV (100%). It owns 100% of Ontex US Holdco LLC, 100% of Ontex Hygienic Disposables (Shanghai) LTD, 100% of Ontex Manufacturing Australia Pty Ltd, 100% of Ontex Polska sp. z.o.o., 100% of Ontex Health Care UK ltd and 100% of Ontex Retail UK ltd itself.
Directors
According to the 2025 annual accounts
since 2025
since 2024
since 2024
Jonas Deroo
Director
since 2024 · until 2025
Shareholders
100%
Participations
Ontex US Holdco LLC
100%
Ontex Hygienic Disposables (Shanghai) LTD
100%
Ontex Manufacturing Australia Pty Ltd
100%
Ontex Polska sp. z.o.o.
100%
Ontex Health Care UK ltd
100%
Ontex Retail UK ltd
100%
Ontex RU LLC
100%
100%
Ontex Hygienic Spain SL
100%
Serenity Holdco SRL
100%
Ontex Romania SRL
100%
Ontex Hygienic Disposables Co.LD BO
100%
Ontex Ukraine LLC
100%
Hygiène Medica SAS
100%
Ontex Mexico Operations SA de C.V
100%
Ontex Hygienic Disposables PLC
99%
Ontex Vertrieb GmbH
17.2%
Establishments
Establishment units
Physical locations of this company
Genthof 5
9255 Buggenhout
Korte Moeie 53
9900 Eeklo
Active since 18 November 1997
Korte Keppestraat 21
9320 Aalst
Active since 12 July 2011
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
- 0419.457.296
- VAT number
- BE 0419.457.296
- Registered office
- Genthof 5, 9255 Buggenhout
- Names & denominations
- Ontex
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 1979
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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