Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EOC BELGIUM from Oudenaarde, company number BE0422191708, closed financial year 2025 with a result of € -3.5 million after tax. For that financial year EOC BELGIUM recorded revenue of € 217.3 million and equity of € 28 million. Compared with financial year 2024, the result moved from € -236,756 to € -3.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 1, 2026.
€ 28 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.5 million
▼ 1385 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.6 million
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 22 million.
People and assets in 2025
272.4
▼ 6.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 34.9 million
▲ 1% vs 2024
€ 128,100 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.
€ 1.9 million
Of which on lease € 1.2 million.
Debts at end 2025
€ 4.3 million
▼ 11% vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 30.5 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 7.8 million
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 335,802,229 | € 258,635,579 | € 242,186,359 | € 217,338,203 | ▼ 10% |
| Profit after taxes | € 6,385,577 | € -2,456,524 | € -236,756 | € -3,514,898 | ▼ € 3.3 million |
| Equity | € 34,340,396 | € 31,784,784 | € 31,547,453 | € 28,032,555 | ▼ 11% |
| Total debts | € 74,308,241 | € 59,511,229 | € 63,371,678 | € 52,999,544 | ▼ 16% |
| Cash | € 6,707,050 | € 8,723,053 | € 11,100,435 | € 2,563,680 | ▼ 77% |
| Land & buildings | € 6,449,777 | € 6,728,384 | € 7,395,488 | € 7,812,724 | ▲ 6% |
| Retained profit | € 28,240,732 | € 25,784,209 | € 25,547,453 | € 22,032,555 | ▼ 14% |
| Dividend | € 2,503,262 | € 0 | € 0 | € 0 | |
| Bank debt | € 3,303,458 | € 4,063,453 | € 4,830,381 | € 4,293,816 | ▼ 11% |
| Balance sheet total | € 109,509,810 | € 92,155,647 | € 95,744,638 | € 82,308,471 | ▼ 14% |
| Employees (FTE) | 279.1 | 284.8 | 279 | 272.4 | ▼ 6.6 |
Key figures of EOC BELGIUM, 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 EOC BELGIUM?
What happened at EOC BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Beat Helfenstein stepped down as director. NBB
- Gerard Robert Marsman stepped down as director. NBB
- Harald Norman Goldberg stepped down as director. NBB
- Nicole Marsman stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.5 million. Source: NBB ↗
- Beat Helfenstein became a director. NBB
- Gerard Robert Marsman became a director. NBB
- Nicole Marsman became a director. NBB
In short
From € 6.4 million profit in 2022 to € 3.5 million loss in 2025.
Paid € 3.8 million in corporate taxes since 2022.
Best year ever: 2022, with € 6.4 million profit.
Paid out € 2.5 million in dividends to the owners in total.
Management
The stake of EOC MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EOC BELGIUMThe shares are held by EOC MANAGEMENT (46.9%). It owns 100% of EOC UK LIMITED, 99.2% of Eoc Logistics, 65.5% of Eoc Surfactants, 38% of Eoc Polymers Thailand LTD and 17.1% of EOC PIPL Ltd itself.
Directors
According to the 2025 annual accounts
Beat Helfenstein
Director
since 2025 · until 2028
Gerard Robert Marsman
Managing director
since 2025 · until 2028
Harald Norman Goldberg
Director
since 2025 · until 2028
Nicole Marsman
Director
since 2025 · until 2028
Shareholders
46.9%
Participations
EOC UK LIMITED
100%
99.2%
65.5%
Eoc Polymers Thailand LTD
38%
EOC PIPL Ltd
17.1%
Establishments
Establishment units
Physical locations of this company
Industriepark "De Bruwaan" 24
9700 Oudenaarde
Durmakker 41
9940 Evergem
Active since 12 January 1995
Durmakker 35 box a
9940 Evergem
Active since 1 January 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.191.708
- VAT number
- BE 0422.191.708
- Registered office
- Industriepark "De Bruwaan" 24, 9700 Oudenaarde
- Names & denominations
- EOC BELGIUM · E.O.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1982
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
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