Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
B.S.A. INTERNATIONAL from Anderlecht, company number BE0443205173, closed financial year 2025 with a result of € 23.1 million after tax. For that financial year B.S.A. INTERNATIONAL recorded revenue of € 161.4 million and equity of € 2.9 billion. Compared with financial year 2024, the result moved from € -218.7 million to € 23.1 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 June 16, 2026.
€ 2.9 billion
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23.1 million
▲ still € 218.7 million loss in 2024
Profit after tax over the fiscal year.
€ 455,153
▲ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.1 billion.
People and assets in 2025
22.5
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 3% vs 2024
€ 111,300 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.
€ 74,074
▲ 107% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 38,058
Loans from banks and other lenders, long and short.
€ 63.1 million
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 155 days on average.
€ 549,461
▼ 69% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 168,264,164 | € 174,243,614 | € 167,566,505 | € 161,429,532 | ▼ 4% |
| Profit after taxes | € 335,818,726 | € -35,462,631 | € -218,682,896 | € 23,149,357 | ▲ € 241.8 million |
| Equity | € 3,095,459,302 | € 3,059,996,671 | € 2,841,313,775 | € 2,864,463,132 | ▲ 1% |
| Total debts | € 726,332,574 | € 686,678,191 | € 615,571,096 | € 544,841,305 | ▼ 11% |
| Cash | € 121,648 | € 129,662 | € 396,111 | € 455,153 | ▲ 15% |
| Land & buildings | € 5,084,251 | € 4,978,787 | € 4,873,323 | € 4,767,859 | ▼ 2% |
| Retained profit | € 1,308,459,302 | € 1,272,996,671 | € 1,054,313,775 | € 1,077,463,132 | ▲ 2% |
| Bank debt | € 550,038,058 | € 400,038,058 | € 38,058 | € 38,058 | |
| Balance sheet total | € 3,821,791,876 | € 3,786,309,423 | € 3,482,516,599 | € 3,433,459,734 | ▼ 1% |
| Employees (FTE) | 18.3 | 20.9 | 22.5 | 22.5 |
Key figures of B.S.A. INTERNATIONAL, 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 B.S.A. INTERNATIONAL?
What happened at B.S.A. INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emmanuel BESNIER stepped down as director. NBB
- FRANCOIS DETANDT stepped down as director. NBB
- OLIVIER SAVARY stepped down as director. NBB
- Jean-Michel Besnier stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 23.1 million. Source: NBB ↗
- OLIVIER SAVARY became a director. NBB
- Emmanuel BESNIER became a director. NBB
- FRANCOIS DETANDT became a director. NBB
In short
From € 335.8 million profit in 2022 to € 23.1 million profit in 2025.
Paid € 24.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 335.8 million profit.
Pays suppliers within 155 days on average.
A new publication or filing at B.S.A. INTERNATIONAL? 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 B.S.A. (100%). It owns 100% of SANULAC NUTRITION, 100% of LACTALIS HELLAS, 100% of LACTALIS KOREA LLC., 100% of SOMALAC, 100% of LACTALIS SUISSE SA and 100% of LACTALIS ROMANIA S.R.L itself.
Directors
According to the 2025 annual accounts
Jean-Michel Besnier
Director
since 2021 · until 2027
since 2022 · until 2028
FRANCOIS DETANDT
Director
Also active at: ONE REFRACTORIES, Société d'Etudes, de Gestion et Immobilière, Immobilière des Tanneurs, F.B.M. TECHNOLOGY - TIME AND DATA SYSTEMS, Société Immobilière du Canal, SIGECO, Société Forestière d'ODEIGNE, SCHEERS PUBLICITE +108 more
since 2022 · until 2028
OLIVIER SAVARY
Director
since 2023 · until 2028
Shareholders
B.S.A.
100%
Participations
100%
LACTALIS HELLAS
100%
LACTALIS KOREA LLC.
100%
100%
LACTALIS SUISSE SA
100%
LACTALIS ROMANIA S.R.L
100%
SIA LACTALIS BALTICS
100%
LACTALIS GRUPPE
100%
ANIK MILK PRODUCTS PRIVATE LIMITED
100%
LACTALIS ALBA
100%
FOODMASTER COMPANY
100%
LACTALIS UK LIMITED
100%
LACTALIS FINLAND OY
100%
EMSKCo. Ltd.
100%
SANTE GMT PRODUCTS
100%
LACTALIS OSTERREICH
100%
LACTALIS ARMA
100%
LACTALIS UKRAINE
100%
LACTALIS Mc LELLAND LIMITED
100%
DUKAT DAIRY IND.
100%
100%
EKABE
100%
100%
LACTALIS MALAYSIA SDN BHD
100%
TIRUMALA MILK PRODUCTS
100%
LACTALIS HONG KONG
100%
LAOA MANAGEMENT DMCC
100%
LACTALIS DANMARK A/S
100%
LACTALIS SLOVAKIA
100%
LACTALIS DAIRY PRODUCTS AND TRADING (MIDDLE EAST) DMCC
100%
100%
LEMNOS FOODS PTY, Ltd
100%
LACTALIS JAPAN CO LTD
100%
LACTALIS MYKOLAÏV, z.a.t.
100%
LACTALIS EXPORT SOUTH AFRICA PTY LTD
100%
LACTALIS INGREDIENTS SHANGHAI
100%
ROYAL LACTALIS LEERDAMMER
100%
KIROVA LLP
100%
GRUPO LACTALIS IBERIA, S.A.
100%
LACTALIS NORGE AS
100%
HOLAPOR, SGPS, Unipessoal, Lda
100%
100%
LACTALIS CASPI
100%
SKANEMEJERIER
100%
LACTALIS SUMY
100%
LACTALIS GEORGIA
100%
LACTALIS ASIA OCEANIA PTE LTD
100%
AK GIDA SANAYI VE TICARET A.S.
100%
I.M. FABRICA DE BRINZETURI DIN SOROCA S.A.
99.9%
LACTALIS CZ, s.r.o.
99.3%
MOLOCHNIY DIM LLC (PAVLOHRAD)
99%
UNITED FOODS INDUSTRIES COMPANY
99%
LACTALIS BLR
99%
JIANGSU TAIZI DAIRY CO LTD
99%
SUT
98.8%
LACTALIS CENTRAL ASIA
97.1%
LACTALIS TRADING SHANGAI
97%
I.M. FABRICA DE PRODUSE LACTATE HINCESTI S.A.
96.1%
LYAKHOVICHI DAIRY PLANT
88.3%
LACTALIS SINGAPORE PTE. LTD
66.2%
SMEDS INTERNATIONAL DWC LLC
51%
HANILOR
51%
SMEDS INTERNATIONAL
50.8%
LACTALIS HUNGARIA KFT
50%
LACTALIS DO BRASIL ETO COMMERCIAL
32.8%
Lactalis Vostok Holding
30%
LACTALIS ISTRA
30%
LACTALIS LUXEMBOURG
0.3%
SUNFRESH AGRO INDUSTRIES PRIVATE LIMITED
0%
DORNA LACTATE S.A.
SANULAC NUTRICION ECUADOR
ALBALACT SA
SANULAC NUTRICION PERU
Establishments
Establishment units
Physical locations of this company
Veeartsenstraat 42F
1070 Anderlecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →TRANSCITERNE BENELUX same network
€ 923,367 gross margin · 2025
LACTALIS België same network
€ 232 million revenue · 2025
PARMALAT BELGIUM same network
SOMALAC same network
€ 11.5 million gross margin · 2025
SANULAC NUTRITION same network
+1 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
- 0443.205.173
- VAT number
- BE 0443.205.173
- Registered office
- Veeartsenstraat 42F, 1070 Anderlecht
- Names & denominations
- B.S.A. INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 1990
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige activiteiten i .v.m. administratie, n.e.g.
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van holdings
Marktonderzoekbureaus
Diverse administratieve activiteiten ten behoeve van kantoren
Holdings
Markt- en opinieonderzoek