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 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Culligan Belgium from Londerzeel, company number BE0457040640, closed financial year 2025 with a result of € 1 million after tax. For that financial year Culligan Belgium recorded revenue of € 45.1 million and equity of € 6.5 million. Compared with financial year 2024, the result moved from € 1.6 million to € 1 million. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 6.5 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1 million
▼ 36% vs 2024
Profit after tax over the fiscal year.
€ 380,628
▲ € 311,238 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 € 6 million.
People and assets in 2025
186
▲ 99.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13.7 million
▲ 114% vs 2024
€ 73,500 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.
€ 244,914
▲ 82% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 37.5 million
▼ 36% vs 2024
€ 182,054 is repaid this year. At this pace the long-term loan is gone in ≈ 206 years.
€ 4 million
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 99 days on average.
€ 2.9 million
▲ 118% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,669,385 | € 19,668,994 | € 21,389,486 | € 45,131,292 | ▲ 111% |
| Profit after taxes | € 1,567,332 | € 1,506,787 | € 1,629,361 | € 1,049,337 | ▼ 36% |
| Equity | € 2,057,258 | € 3,564,045 | € 5,193,407 | € 6,472,193 | ▲ 25% |
| Total debts | € 13,163,098 | € 15,561,154 | € 75,316,957 | € 66,298,940 | ▼ 12% |
| Cash | € 78,448 | € 85,233 | € 69,390 | € 380,628 | ▲ € 311,238 |
| Land & buildings | € 30,956 | € 70,129 | € 61,355 | € 314,241 | ▲ € 252,886 |
| Retained profit | € 1,608,137 | € 3,114,925 | € 4,744,286 | € 6,023,072 | ▲ 27% |
| Dividend | € 1,695,547 | € 0 | € 0 | € 0 | |
| Bank debt | € 36,374 | € 22,999 | € 58,449,843 | € 37,524,923 | ▼ 36% |
| Balance sheet total | € 15,377,977 | € 19,282,821 | € 80,667,985 | € 73,150,699 | ▼ 9% |
| Employees (FTE) | 95.8 | 91.8 | 86.7 | 186 | ▲ 99.3 |
Key figures of Culligan 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 31 July 2027.
What happened to Culligan Belgium?
What happened at Culligan Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Filip De Bie stepped down as director. NBB
- Culligan FsHco Inc. stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1 million (▼ 36% vs 2024). filed late Source: NBB ↗
- Culligan FsHco Inc. became a director. NBB
- Filip De Bie became a director. NBB
- CULLIGAN NV stepped down as director. NBB
- CULLIGAN NV became a director. NBB
- New establishment in Lummen. KBO
In short
From € 1.6 million profit in 2022 to € 1 million profit in 2025.
Paid € 4 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.6 million profit.
Paid out € 1.7 million in dividends to the owners in total.
Management
The shares are held by CULLIGAN NV. It owns 100% of Fairview HK Ltd. itself.
Directors
According to the 2025 annual accounts
Représentant permanent · represented by Frank Griffith
since 2026 · until 2031
since 2022 · until 2025
Shareholders
Participations
Fairview HK Ltd.
100%
Establishments
Establishment units
Physical locations of this company
Technologielaan 3
1840 Londerzeel
Rue des Foudriers(GHI) 26
7822 Ath
Active since 30 July 2010
Noordkaai 2
8870 Izegem
Active since 14 March 2016
Avenue de l'Espérance(F) 7 box D et E
6220 Fleurus
Active since 14 March 2016
Bosstraat 50 box B3
3560 Lummen
Active since 14 March 2016
Bosstraat 50
3560 Lummen
Active since 1 January 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0457.040.640
- VAT number
- BE 0457.040.640
- Registered office
- Technologielaan 3, 1840 Londerzeel
- Names & denominations
- Culligan Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 1996
- Peppol
- Active · Active since 18 Jul 2025
- Contact
- culligan.be 052 890 890
- Activities · NACE
Groothandel in dranken, algemeen assortiment
Vervaardiging van frisdranken en water in flessen
Productie van mineraalwater en frisdranken