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 260.6 to 224.7.
Financials
Financial year 2025
UNITED BEET SEEDS BELGIUM from Tienen, company number BE0431431749, closed financial year 2025 with a result of € 28.1 million after tax. For that financial year UNITED BEET SEEDS BELGIUM recorded revenue of € 189.5 million and equity of € 72.3 million. Compared with financial year 2024, the result moved from € 33.1 million to € 28.1 million. The company is profitable. 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 January 15, 2026.
€ 72.3 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28.1 million
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 5.9 million
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 20 million paid out
71 % of the profit went to the shareholders, mostly to SESVanderHave BV (100 % of the shares). That is where the money ends up.
People and assets in 2025
224.7
▼ 24.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 24 million
▲ 5% vs 2024
€ 106,700 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.
€ 16,885
▲ 134% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 520,000
Loans from banks and other lenders, long and short.
€ 44.7 million
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 123 days on average.
€ 8.8 million
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 118,683,715 | € 154,097,748 | € 177,298,125 | € 189,492,417 | ▲ 7% |
| Profit after taxes | € -7,786,599 | € 14,038,770 | € 33,133,151 | € 28,117,119 | ▼ 15% |
| Equity | € 48,300,170 | € 62,218,751 | € 64,293,651 | € 72,323,770 | ▲ 12% |
| Total debts | € 68,262,166 | € 61,394,469 | € 51,998,392 | € 74,292,031 | ▲ 43% |
| Cash | € 2,454,163 | € 3,221,232 | € 16,419,888 | € 5,894,059 | ▼ 64% |
| Land & buildings | € 15,738,822 | € 14,145,127 | € 12,659,986 | € 11,212,987 | ▼ 11% |
| Retained profit | € 18,790,170 | € 32,708,751 | € 35,271,385 | € 43,301,504 | ▲ 23% |
| Dividend | € 0 | € 0 | € 29,500,000 | € 20,000,000 | ▼ 32% |
| Bank debt | € 6,088,822 | € 5,800,000 | € 0 | € 520,000 | |
| Balance sheet total | € 118,738,880 | € 125,505,666 | € 118,027,634 | € 148,286,911 | ▲ 26% |
| Employees (FTE) | 270.7 | 260.6 | 249.5 | 224.7 | ▼ 24.8 |
Key figures of UNITED BEET SEEDS 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 29 January 2027.
What happened to UNITED BEET SEEDS BELGIUM?
What happened at UNITED BEET SEEDS BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LILIAN ESCALON stepped down as director. NBB
- JOOST VAN KOOT stepped down as director. NBB
- MARIN DESPREZ stepped down as director. NBB
- FRANCOIS DESPREZ stepped down as director. NBB
- BRUNO DESPREZ stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 28.1 million (▼ 15% vs 2024). Source: NBB ↗
- LILIAN ESCALON became a director. NBB
- JOOST VAN KOOT became a director. NBB
In short
From € 7.8 million loss in 2022 to € 28.1 million profit in 2025.
Paid € 6.8 million in corporate taxes since 2022.
Best year ever: 2024, with € 33.1 million profit.
Paid out € 49.5 million in dividends to the owners in total.
Management
The shares are held by SESVanderHave BV (100%). It owns 90% of SESVANDERHAVE OOO, 7.9% of INNOVATIE EN INCUBATIECENTRUM LEUVEN and 3% of BEDRIJVENCENTRUM TIENEN itself.
Directors
According to the 2025 annual accounts
LILIAN ESCALON
Managing director
since 2024 · until 2029
JOOST VAN KOOT
Managing director
since 2024 · until 2029
MARIN DESPREZ
Director
since 2024 · until 2029
FRANCOIS DESPREZ
Chairman of the board
since 2024 · until 2029
BRUNO DESPREZ
Director
since 2024 · until 2029
Shareholders
SESVanderHave BV
100%
Participations
Establishments
Establishment units
Physical locations of this company
Industriepark 15
3300 Tienen
Industriepark 33
3300 Tienen
Active since 1 January 1998
Fred Chaffartlaan 37
3300 Tienen
Active since 1 September 2016
Industriepark 35
3300 Tienen
Active since 18 January 2019
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
- 0431.431.749
- VAT number
- BE 0431.431.749
- Registered office
- Industriepark 15, 3300 Tienen
- Names & denominations
- UNITED BEET SEEDS BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Vervaardiging van andere voedingsmiddelen, neg
Vervaardiging van overige voedingsmiddelen, n.e.g.
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied