Warning lights
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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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 381.4 to 313.6.
Financials
Financial year 2025
SIOEN INDUSTRIES from Ardooie, company number BE0441642780, closed financial year 2025 with a result of € 48.3 million after tax. For that financial year SIOEN INDUSTRIES recorded revenue of € 191.8 million and equity of € 142.7 million. Compared with financial year 2024, the result moved from € 46.1 million to € 48.3 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 142.7 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 48.3 million
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 42.2 million
▲ 154% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 40 million paid out
83 % of the profit went to the shareholders, mostly to Sihold NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
313.6
▼ 17.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 22 million
▼ 10% vs 2024
€ 70,100 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.
€ 993,921
▲ 1% vs 2024
Of which on lease € 193,776.
Debts at end 2025
€ 236.2 million
▲ 15% vs 2024
€ 155 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 31.1 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
€ 4.1 million
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 229,860,960 | € 200,860,486 | € 186,715,032 | € 191,759,415 | ▲ 3% |
| Profit after taxes | € 24,846,759 | € 28,221,139 | € 46,085,001 | € 48,252,527 | ▲ 5% |
| Equity | € 117,147,084 | € 125,365,613 | € 134,460,924 | € 142,712,933 | ▲ 6% |
| Total debts | € 357,443,868 | € 322,688,650 | € 305,760,285 | € 346,077,402 | ▲ 13% |
| Cash | € 11,489,809 | € 8,483,958 | € 16,631,014 | € 42,164,851 | ▲ 154% |
| Land & buildings | € 7,867,690 | € 8,415,209 | € 8,566,462 | € 16,229,314 | ▲ 89% |
| Retained profit | € 70,845,630 | € 79,066,769 | € 88,106,747 | € 96,416,442 | ▲ 9% |
| Dividend | € 18,303,000 | € 20,000,000 | € 37,000,000 | € 40,000,000 | ▲ 8% |
| Bank debt | € 288,667,749 | € 249,378,275 | € 205,369,914 | € 236,151,945 | ▲ 15% |
| Balance sheet total | € 474,906,977 | € 451,865,391 | € 441,078,967 | € 488,988,829 | ▲ 11% |
| Employees (FTE) | 448.7 | 381.4 | 331.3 | 313.6 | ▼ 17.7 |
Key figures of SIOEN INDUSTRIES, 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 SIOEN INDUSTRIES?
What happened at SIOEN INDUSTRIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pascale Sioen stepped down as director. NBB
- Asceca Consulting BV stepped down as director. NBB
- JCJ Consulting BV stepped down as director. NBB
- Michèle Sioen stepped down as director. NBB
- Daniëlle Parein-Sioen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 48.3 million (▲ 5% vs 2024). Source: NBB ↗
- Pascale Sioen became a director. NBB
- Asceca Consulting BV became a director. NBB
In short
From € 24.8 million profit in 2022 to € 48.3 million profit in 2025.
Paid € 15.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 48.3 million profit.
Paid out € 115.3 million in dividends to the owners in total.
Management
The shares are held by Sihold NV (100%). It owns 500% of Jade Equity Ltd., 200% of SIOEN UK Ltd, 190% of P.T. SUNGIN TEX, 100% of Saint Clair Textiles, 100% of SIOEN and 100% of James Dewhurst Ltd. itself.
Directors
According to the 2025 annual accounts
Pascale Sioen
Director
Also active at: EUROPEAN MASTER BATCH, COATEX, Roularta Media Group, P. COMPANY, SIHOLD, SIOEN FABRICS, SICORP, SIOEN TECHNICAL FELTS +4 more
since 2023 · until 2027
Director · represented by Geert Asselman
Also active at: GOVI PRODUCTION COMPANY
since 2023 · until 2027
Director · represented by Jean-Charles Joris
since 2023 · until 2027
Michèle Sioen
Managing director
Also active at: "IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE " OU " IMMOBILIEN VENNOOTSCHAP VAN BELGIE", Industrie - Négoce - Confort - Hygiène, AVIETA, COATEX, M.J.S. CONSULTING, SIHOLD, SIOEN FABRICS, SICORP +8 more
since 2023 · until 2027
Shareholders
100%
Participations
Jade Equity Ltd.
500%
200%
P.T. SUNGIN TEX
190%
Saint Clair Textiles
100%
100%
100%
Tessilbrenta S.r.l.
100%
SAINT FRERES CONFECTION SAS
100%
100%
Contender B.V.
100%
Manifattura Fontana S.P.A.
100%
100%
100%
100%
SAINT FRERES SAS
100%
SIOEN ZAGHOUAN SA
99.9%
SIOEN TUNISIE SARL
99.8%
P.T. SIOEN INDONESIA
95%
Fontana International GmbH
52%
C.T.S. SARL
10.5%
Establishments
Establishment units
Physical locations of this company
Fabriekstraat 23
8850 Ardooie
Driehoekstraat(KE) 2A
9451 Haaltert
Active since 1 July 2009
Metropoollaan(L) 9
7700 Mouscron
Active since 1 July 2009
Urbinolaan(L) 6
7700 Mouscron
Active since 1 July 2009
Fabriekstraat 31
8850 Ardooie
Active since 1 January 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →SIHOLD same network
€ 16.9 million revenue · 2025
SICORP same network
€ 51,445 revenue · 2025
MULTIPROFESSIONEEL ARCHITECTENBUREAU VERBA
€ 232,922 gross margin · 2025
SIOEN same network
€ 215.2 million revenue · 2025
Jack & Co
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.642.780
- VAT number
- BE 0441.642.780
- Registered office
- Fabriekstraat 23, 8850 Ardooie
- Names & denominations
- SIOEN INDUSTRIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 September 1990
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Vervaardiging van ander technisch en industrieel textiel
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