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 161.3 to 111.
-
Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
PEPSICO BELUX from Zaventem, company number BE0448207405, closed financial year 2024 with a result of € 10.2 million after tax. For that financial year PEPSICO BELUX recorded revenue of € 64.3 million and equity of € 127.8 million. Compared with financial year 2023, the result moved from € 5.5 million to € 10.2 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 9, 2025.
€ 127.8 million
▲ 9% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10.2 million
▲ 85% vs 2023
Profit after tax over the fiscal year.
€ 16.1 million
▲ 135% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 44.4 million.
People and assets in 2024
111
▼ 23.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 13.8 million
▼ 39% vs 2023
€ 124,800 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.
€ 101,218
▼ 14% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 49.5 million
▼ 27% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 316 days on average.
€ 3 million
▼ 62% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 75,492,901 | € 77,337,819 | € 82,037,191 | € 64,343,475 | ▼ 22% |
| Profit after taxes | € 2,965,304 | € 3,090,241 | € 5,543,621 | € 10,237,093 | ▲ 85% |
| Equity | € 136,903,340 | € 139,993,581 | € 117,537,202 | € 127,774,295 | ▲ 9% |
| Total debts | € 66,139,829 | € 78,910,809 | € 105,493,824 | € 52,690,841 | ▼ 50% |
| Cash | € 1,380,939 | € 9,907,210 | € 6,832,278 | € 16,054,352 | ▲ 135% |
| Retained profit | € 53,528,537 | € 56,618,778 | € 34,162,399 | € 44,399,492 | ▲ 30% |
| Dividend | € 0 | € 0 | € 28,000,000 | € 0 | ▼ 100% |
| Bank debt | € 978,213 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 204,888,003 | € 222,183,737 | € 223,629,688 | € 181,244,517 | ▼ 19% |
| Employees (FTE) | 172.4 | 161.3 | 134.1 | 111 | ▼ 23.1 |
Key figures of PEPSICO BELUX, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PEPSICO BELUX?
What happened at PEPSICO BELUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 10.2 million (▲ 85% vs 2023). Source: NBB ↗
- Miet Delmotte became a director. NBB
- Mariia Tsarenko became a director. NBB
- Bogdan-Andrei Savin became a director. NBB
- New establishment in Veurne. KBO
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3 million profit in 2021 to € 10.2 million profit in 2024.
Paid € 8.4 million in corporate taxes since 2021.
Best year ever: 2024, with € 10.2 million profit.
Paid out € 28 million in dividends to the owners in total.
Management
The stake of PepsiCo Services comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PEPSICO BELUXBehind PEPSICO BELUX are Miet Delmotte, Bogdan-Andrei Savin and Mariia Tsarenko. The shares are held by PepsiCo Services (33.6%).
Directors
According to the 2024 annual accounts
Miet Delmotte
Director
since 2025
Bogdan-Andrei Savin
Director
since 2023
Mariia Tsarenko
Director
since 2025
Shareholders
33.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Da Vincilaan 3
1930 Zaventem
Albert I laan 33
8630 Veurne
Active since 16 February 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →Warenhuizen Alma
€ 348,429 revenue · 2025
FILUNIC
STIGAM
€ 10.5 million revenue · 2025
GROSFRUIT
€ 2.5 million revenue · 2025
PepsiCo Services same network
€ 41.1 million revenue · 2024
+20 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
- 0448.207.405
- VAT number
- BE 0448.207.405
- Registered office
- Da Vincilaan 3, 1930 Zaventem
- Names & denominations
- PEPSICO BELUX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 September 1992
- Peppol
- Active · Active since 28 Jul 2025
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