Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 78.6 to 66.6.
Financials
Financial year 2025
SUN CHEMICAL from Wavre, company number BE0425076467, closed financial year 2025 with a result of € 6.6 million after tax. For that financial year SUN CHEMICAL recorded revenue of € 243.3 million and equity of € 73.8 million. Compared with financial year 2024, the result moved from € 5.4 million to € 6.6 million. Profitable, and profit is growing. 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 July 24, 2026.
€ 73.8 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.6 million
▲ 23% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -676,053.
People and assets in 2025
66.6
▼ 4.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.6 million
▲ 7% vs 2024
€ 129,500 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.
€ 281,260
▼ 59% vs 2024
Of which on lease € 87,000.
Debts at end 2025
€ 75.9 million
▼ 12% vs 2024
€ 63,124 is repaid this year. At this pace the long-term loan is gone in ≈ 1198 years.
€ 16.7 million
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 28 days on average.
€ 2.3 million
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 410,442,246 | € 335,431,923 | € 301,462,519 | € 243,279,793 | ▼ 19% |
| Profit after taxes | € 7,966,765 | € 3,834,489 | € 5,395,213 | € 6,624,104 | ▲ 23% |
| Equity | € 57,949,483 | € 61,783,972 | € 67,179,185 | € 73,803,289 | ▲ 10% |
| Total debts | € 181,656,439 | € 153,718,664 | € 127,588,506 | € 95,979,194 | ▼ 25% |
| Land & buildings | € 1,203,678 | € 1,064,308 | € 988,640 | € 988,000 | |
| Retained profit | € -16,529,859 | € -12,695,370 | € -7,300,157 | € -676,053 | ▲ € 6.6 million |
| Bank debt | € 132,795,626 | € 116,328,203 | € 85,937,433 | € 75,852,173 | ▼ 12% |
| Balance sheet total | € 240,074,506 | € 215,889,060 | € 194,941,719 | € 169,855,456 | ▼ 13% |
| Employees (FTE) | 85.8 | 78.6 | 70.7 | 66.6 | ▼ 4.1 |
Key figures of SUN CHEMICAL, 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 SUN CHEMICAL?
What happened at SUN CHEMICAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gérald Davignon stepped down as director. NBB
- Brian Panczyk stepped down as director. NBB
- Paul Nys stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6.6 million (▲ 23% vs 2024). Source: NBB ↗
- Gérald Davignon became a director. NBB
- Brian Panczyk became a director. NBB
- Paul Nys became a director. NBB
- New establishment in Wavre. KBO
In short
From € 8 million profit in 2022 to € 6.6 million profit in 2025.
Paid € 8.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 8 million profit.
Pays suppliers within 28 days on average.
A new publication or filing at SUN CHEMICAL? We notify you, reason included.
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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
The shares are held by SUN CHEMICAL GROUP COOPERATIEF U.A. (100%) and SUN CHEMICAL BV (0%). It owns 99.1% of SUN CHEMICAL LIMITED itself.
Directors
According to the 2025 annual accounts
Gérald Davignon
Managing director
since 2025 · until 2031
Brian Panczyk
Director
since 2025 · until 2031
Paul Nys
Managing director
since 2025 · until 2031
Shareholders
SUN CHEMICAL GROUP COOPERATIEF U.A.
100%
SUN CHEMICAL BV
0%
Participations
SUN CHEMICAL LIMITED
99.1%
Establishments
Establishment units
Physical locations of this company
Avenue Fleming 2
1300 Wavre
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
GoDaddy DNS
Domain
Domain
sunchemical.com
Registered
1995-12-29
Registrar
Network Solutions, LLC
Expires
2026-12-28
Website info
Features
Security
Network
Details
- Company number
- 0425.076.467
- VAT number
- BE 0425.076.467
- Registered office
- Avenue Fleming 2, 1300 Wavre
- Names & denominations
- SUN CHEMICAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1983
- Peppol
- Active · Active since 11 Feb 2026
- Contact
- sunchemical.com
- Activities · NACE
Vervaardiging van verf, vernis ed, drukinkt en mastiek
Vervaardiging van verf, vernis e.d., drukinkt en mastiek