Financials
Financial year 2026
Nippon Sanso Belgium from Olen, company number BE0438719221, closed financial year 2026 with a result of € 14.6 million after tax. For that financial year Nippon Sanso Belgium recorded revenue of € 174.1 million and equity of € 183.4 million. Compared with financial year 2025, the result moved from € 10.4 million to € 14.6 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 7, 2026.
€ 183.4 million
▲ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14.6 million
▲ 41% vs 2025
Profit after tax over the fiscal year.
€ 4.3 million
▼ 9% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 29.4 million.
People and assets in 2026
279.3
▲ 2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 31.3 million
▲ 2% vs 2025
€ 112,100 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.
€ 2.2 million
▲ 5% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 829,520
▼ 49% vs 2025
€ 120,000 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 38.5 million
▼ 18% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 119 days on average.
€ 11.2 million
▼ 8% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 165,983,410 | € 184,901,872 | € 178,042,881 | € 174,111,065 | ▼ 2% |
| Profit after taxes | € 37,960,245 | € 9,771,465 | € 10,380,778 | € 14,594,277 | ▲ 41% |
| Equity | € 181,850,725 | € 178,421,861 | € 168,802,639 | € 183,396,915 | ▲ 9% |
| Total debts | € 66,154,007 | € 67,959,703 | € 63,304,957 | € 53,336,579 | ▼ 16% |
| Cash | € 5,469,490 | € 5,989,172 | € 4,736,786 | € 4,300,734 | ▼ 9% |
| Land & buildings | € 11,059,427 | € 13,855,171 | € 13,552,804 | € 13,062,929 | ▼ 4% |
| Retained profit | € 27,831,711 | € 24,402,846 | € 14,783,624 | € 29,377,901 | ▲ 99% |
| Dividend | € 63,000,000 | € 0 | € 20,000,000 | € 0 | ▼ 100% |
| Bank debt | € 503,507 | € 2,841,569 | € 1,623,242 | € 829,520 | ▼ 49% |
| Balance sheet total | € 248,158,857 | € 246,468,190 | € 232,205,264 | € 238,121,942 | ▲ 3% |
| Employees (FTE) | 22,150 | 269.3 | 277.3 | 279.3 | ▲ 2 |
Key figures of Nippon Sanso Belgium, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Nippon Sanso Belgium?
What happened at Nippon Sanso Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WILLEM DE RAEDT stepped down as director. NBB
- FRANS RUTTEN stepped down as director. NBB
- STIJN GEUKENS stepped down as director. NBB
- JOHAN DESMET stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 14.6 million (▲ 41% vs 2025). Source: NBB ↗
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- WILLEM DE RAEDT became a director. NBB
- FRANS RUTTEN became a director. NBB
In short
From € 38 million profit in 2023 to € 14.6 million profit in 2026.
Paid € 12.2 million in corporate taxes since 2023.
Best year ever: 2023, with € 38 million profit.
Paid out € 83 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
The shares are held by Nippon Sanso Euro-Holding SLU (100%). It owns 100% of ANTWERPSE CHEMISCHE BEDRIJVEN NV and 50% of NITRACO NV itself.
Directors
According to the 2026 annual accounts
WILLEM DE RAEDT
Director
since 2024 · until 2027
since 2022 · until 2027
STIJN GEUKENS
Director
since 2022 · until 2027
since 2022 · until 2027
Shareholders
Nippon Sanso Euro-Holding SLU
100%
Participations
Establishments
Establishment units
Physical locations of this company
Lammerdries-Oost 29
2250 Olen
Paulusstraat 50
3920 Lommel
Active since 27 April 1994
Nijverheidsstraat 4
2260 Westerlo
Active since 28 November 1989
Scheldedijk 58
2070 Beveren-Kruibeke-Zwijndrecht
Active since 1 December 1998
Metropoolstraat 17
2900 Schoten
Active since 31 October 1989
Rue des Pieds d'Alouette(NN) 44
5100 Namur
Active since 31 October 1989
Scheldelaan 482
2040 Antwerpen
Active since 1 December 2015
Pareinlaan(BEV) 14+
9120 Beveren-Kruibeke-Zwijndrecht
Active since 1 August 2025
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
- 0438.719.221
- VAT number
- BE 0438.719.221
- Registered office
- Lammerdries-Oost 29, 2250 Olen
- Names & denominations
- Nippon Sanso Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 1989
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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