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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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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
VOLVO GROUP BELGIUM from Gent, company number BE0420383647, closed financial year 2022 with a result of € 17.7 million after tax. For that financial year VOLVO GROUP BELGIUM recorded revenue of € 3.4 billion and equity of € 121.2 million. Compared with financial year 2021, the result moved from € 13.4 million to € 17.7 million. Profitable, and profit is growing. The buffer shrank hard: equity is 58 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 13, 2023.
€ 121.2 million
▼ 58% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17.7 million
▲ 31% vs 2021
Profit after tax over the fiscal year.
€ 193.8 million
▲ 15% vs 2021
Cash and bank balances on the last day of the fiscal year.
€ 16.5 million paid out
93 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2022
3,715.7
▲ 126.5 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 264.4 million
▲ 9% vs 2021
€ 71,200 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.
€ 20.9 million
▲ 63% vs 2021
Of which on lease € 10 million.
Debts at end 2022
€ 11 million
▲ 262% vs 2021
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 570.4 million
▲ 5% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 67 days on average.
€ 69.4 million
▲ 11% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 2,679,889,882 | € 3,364,425,477 | ▲ 26% |
| Profit after taxes | € 13,449,305 | € 17,685,087 | ▲ 31% |
| Equity | € 288,675,597 | € 121,185,119 | ▼ 58% |
| Total debts | € 675,668,990 | € 733,223,700 | ▲ 9% |
| Cash | € 169,064,055 | € 193,827,421 | ▲ 15% |
| Land & buildings | € 96,047,395 | € 107,513,644 | ▲ 12% |
| Retained profit | € 13,095,321 | € 11,090,196 | ▼ 15% |
| Dividend | € 9,500,000 | € 16,500,000 | ▲ 74% |
| Bank debt | € 3,037,168 | € 10,994,820 | ▲ 262% |
| Balance sheet total | € 970,564,449 | € 861,696,131 | ▼ 11% |
| Employees (FTE) | 3,589.2 | 3,715.7 | ▲ 126.5 |
Key figures of VOLVO GROUP BELGIUM, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to VOLVO GROUP BELGIUM?
What happened at VOLVO GROUP BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: profit of € 17.7 million (▲ 31% vs 2021). Source: NBB ↗
- Koen Leemans stepped down as director. NBB
- Peter Devos stepped down as director. NBB
- Jorge Marquesini stepped down as director. NBB
- Koen Leemans became a director. NBB
- Peter Devos became a director. NBB
- Jorge Marquesini became a director. NBB
- Koen Knippenberg stepped down as director. NBB
In short
From € 13.4 million profit in 2021 to € 17.7 million profit in 2022.
Paid € 16.1 million in corporate taxes since 2021.
Best year ever: 2022, with € 17.7 million profit.
Paid out € 26 million in dividends to the owners in total.
Management
Directors
According to the 2022 annual accounts
Koen Leemans
Director
since 2022 · until 2023
Koen Knippenberg
Managing director
since 2021 · until 2022
Peter Devos
Managing director
since 2022 · until 2023
Jorge Marquesini
Director
since 2022 · until 2023
Establishments
Establishment units
Physical locations of this company
Smalleheerweg 31
9041 Gent
Hunderenveldlaan 10
1082 Sint-Agatha-Berchem
Active since 11 December 1989
Smalleheerweg 29
9041 Gent
Active since 12 May 1980
Smalleheerweg 31A
9041 Gent
Active since 12 May 1980
Smalleheerweg 29 box A
9041 Gent
Active since 12 May 1980
Vorstsesteenweg 151
1601 Sint-Pieters-Leeuw
Active since 1 February 2008
Van Beethovenlaan 23
1910 Kampenhout
Active since 1 December 2010
Luxemburgstraat 3
1000 Brussel
Active since 1 June 2017
Schouwkensstraat 5
2030 Antwerpen
Active since 1 March 2018
Industrielaan 20
2250 Olen
Active since 1 March 2018
Beemdenstraat 19
2340 Beerse
Active since 1 March 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Website info
Features
Details
- Company number
- 0420.383.647
- VAT number
- BE 0420.383.647
- Registered office
- Smalleheerweg 31, 9041 Gent
- Names & denominations
- VOLVO GROUP BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 May 1980
- Peppol
- Active · Active since 1 Jan 2026
- Contact
- volvogroup.be [email protected]
- Activities · NACE
Vervaardiging van motorvoertuigen
Vervaardiging en assemblage van auto's
Groothandel in andere motorvoertuigen (> 3,5 ton)
Groothandel in aanhangwagens, opleggers en caravans
Vervaardiging van batterijen en accumulatoren
Groothandel in delen en toebehoren van motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Reparatie en montage van specifieke auto-onderdelen
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