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 57 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6,349.6 to 5,497.2.
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Figures corrected NBB
Corrected annual account filed for 2021.
Financials
Financial year 2025
VOLVO CAR BELGIUM NV from Gent, company number BE0420383548, closed financial year 2025 with a result of € 95.8 million after tax. For that financial year VOLVO CAR BELGIUM NV recorded revenue of € 6.3 billion and equity of € 220.1 million. Compared with financial year 2024, the result moved from € 50 million to € 95.8 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 6, 2026.
€ 220.1 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 95.8 million
▲ 92% vs 2024
Profit after tax over the fiscal year.
€ 104.1 million
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50 million paid out
52 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
5,497.2
▼ 315.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 472.7 million
▲ 6% vs 2024
€ 86,000 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.
€ 16.6 million
▲ 3% vs 2024
Of which on lease € 3.6 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.1 billion
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
€ 118.1 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,071,703,047 | € 6,233,938,322 | € 5,829,955,854 | € 6,250,677,388 | ▲ 7% |
| Profit after taxes | € 22,830,706 | € 34,207,232 | € 49,962,629 | € 95,758,887 | ▲ 92% |
| Equity | € 125,316,458 | € 159,523,690 | € 173,787,506 | € 220,100,423 | ▲ 27% |
| Total debts | € 1,144,497,600 | € 1,556,183,909 | € 907,678,498 | € 1,337,924,688 | ▲ 47% |
| Cash | € 80,466,321 | € 275,416,883 | € 206,855,140 | € 104,085,058 | ▼ 50% |
| Land & buildings | € 32,627,884 | € 31,141,540 | € 35,652,115 | € 38,646,014 | ▲ 8% |
| Retained profit | € 18,316,400 | € 52,523,632 | € 66,787,448 | € 112,546,335 | ▲ 69% |
| Dividend | € 75,100,000 | € 0 | € 47,300,000 | € 50,000,000 | ▲ 6% |
| Bank debt | € 946,935 | € 710,438 | € 251,627 | € 0 | ▼ 100% |
| Balance sheet total | € 1,302,090,321 | € 1,761,475,708 | € 1,124,347,111 | € 1,584,560,651 | ▲ 41% |
| Employees (FTE) | 5,743.7 | 6,349.6 | 5,812.6 | 5,497.2 | ▼ 315.4 |
Key figures of VOLVO CAR BELGIUM NV, fiscal years 2021 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 VOLVO CAR BELGIUM NV?
What happened at VOLVO CAR BELGIUM NV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 95.8 million (▲ 92% vs 2024). Source: NBB ↗
- Magnus Nilsson stepped down as director. NBB
- Sofie Van Acker stepped down as director. NBB
- Karl Magnus Ragnmark stepped down as director. NBB
- Johan Olsson stepped down as director. NBB
- Magnus Nilsson became a director. NBB
- Johan Olsson became a director. NBB
- Sofie Van Acker became a director. NBB
In short
From € 22.8 million profit in 2021 to € 95.8 million profit in 2025.
Paid € 78 million in corporate taxes since 2021.
Best year ever: 2025, with € 95.8 million profit.
Paid out € 172.4 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Magnus Nilsson
Managing director
since 2026 · until 2026
Sofie Van Acker
Director
since 2025 · until 2026
Karl Magnus Ragnmark
Director
since 2025 · until 2026
Johan Olsson
Director
since 2026 · until 2026
Establishments
Establishment units
Physical locations of this company
John Kennedylaan 25
9000 Gent
Skaldenstraat 37
9042 Gent
Active since 12 May 1980
Skaldenstraat 64
9042 Gent
Active since 6 June 1996
Hunderenveldlaan 10
1082 Sint-Agatha-Berchem
Active since 12 May 1980
Skaldenstraat 49
9042 Gent
Active since 16 January 2013
Philips Landsbergiuslaan 11
9000 Gent
Active since 18 July 2014
Mai Zetterlingstraat 70
9042 Gent
Active since 8 June 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →+2 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
- 0420.383.548
- VAT number
- BE 0420.383.548
- Registered office
- John Kennedylaan 25, 9000 Gent
- Names & denominations
- VOLVO CAR BELGIUM NV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 May 1980
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] +3292502111
- Activities · NACE
Vervaardiging van motorvoertuigen
Vervaardiging en assemblage van auto's
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)