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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ITM ALIMENTAIRE BELGIUM from Ottignies-Louvain-la-Neuve, company number BE0458113776, closed financial year 2025 with a result of € -52.6 million after tax. For that financial year ITM ALIMENTAIRE BELGIUM recorded revenue of € 1.4 billion and equity of € -64.9 million. Compared with financial year 2024, the result moved from € -134.6 million to € -52.6 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -64.9 million
▼ € 52.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -52.6 million
▲ 61 % less loss than in 2024
Profit after tax over the fiscal year.
€ 33.5 million
▲ € 27.8 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -289.8 million.
People and assets in 2025
121.6
▲ 32.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11 million
▲ 39% vs 2024
€ 90,100 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.
€ 489,843
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 190.8 million
▼ 4% vs 2024
€ 3.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 52 years.
€ 206.3 million
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 53 days on average.
€ 3.7 million
▲ 278% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 565,706,633 | € 681,143,530 | € 815,238,663 | € 1,434,410,488 | ▲ 76% |
| Profit after taxes | € -5,369,929 | € -57,802,843 | € -134,648,693 | € -52,575,122 | ▲ € 82.1 million |
| Equity | € -22,865,120 | € -80,667,963 | € -12,316,656 | € -64,891,778 | ▼ € 52.6 million |
| Total debts | € 153,700,605 | € 480,331,049 | € 486,473,179 | € 485,628,565 | |
| Cash | € 6,047,581 | € 6,792,735 | € 5,726,180 | € 33,494,333 | ▲ € 27.8 million |
| Retained profit | € -44,727,120 | € -102,529,963 | € -237,178,656 | € -289,753,778 | ▼ € 52.6 million |
| Bank debt | € 0 | € 240,000,000 | € 198,451,026 | € 190,801,026 | ▼ 4% |
| Balance sheet total | € 132,003,022 | € 400,711,883 | € 511,618,462 | € 437,902,482 | ▼ 14% |
| Employees (FTE) | 80 | 80.9 | 88.7 | 121.6 | ▲ 32.9 |
Key figures of ITM ALIMENTAIRE 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 ITM ALIMENTAIRE BELGIUM?
What happened at ITM ALIMENTAIRE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BENOIT DEBUSSCHERE stepped down as director. NBB
- EMMANUEL CORIA stepped down as director. NBB
- LAURENT BOUTBIEN stepped down as director. NBB
- PHILIPPE GUILPAIN stepped down as director. NBB
- CHRISTOPHE BANTQUIN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 52.6 million. Source: NBB ↗
- BENOIT DEBUSSCHERE became a director. NBB
- EMMANUEL CORIA became a director. NBB
In short
From € 5.4 million loss in 2022 to € 52.6 million loss in 2025.
Paid € 60,430 in corporate taxes since 2022.
Pays suppliers within 53 days on average.
Management
It owns 100% of HUY DISCOUNT, 100% of DISTRIMARKET, 100% of FRANCE DISTRIBUTION, 100% of AL DISTRIBUTION, 100% of SUPERLOG and 100% of FLEURUS DISCOUNT itself.
Directors
According to the 2025 annual accounts
BENOIT DEBUSSCHERE
Director
Also active at: I.T.M. BELGIUM, PARCOM, LOTUS 4 EVER, NEW PARC, DB Consult, WALHAINTER, MANO-HOLDING
since 2025 · until 2031
EMMANUEL CORIA
Director
Also active at: MESTDAGH, ITM Management, France DISTRIBUTION, LUTTRE RETAIL, PYZENCO, WALHAINTER
since 2025 · until 2031
LAURENT BOUTBIEN
Director
since 2025 · until 2031
since 2022 · until 2028
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue du Bosquet 4
1348 Ottignies-Louvain-la-Neuve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →I.T.M. BELGIUM same network
€ 10.4 million revenue · 2025
ITM Management same network
€ 1.5 million gross margin · 2025
IMMO AVAL BELGIUM
€ 4.8 million revenue · 2025
UNION DES MOUSQUETAIRES
IMMOBILIERE EUROPEENNE DES MOUSQUETAIRES BELGIQUE
+12 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
- 0458.113.776
- VAT number
- BE 0458.113.776
- Registered office
- Rue du Bosquet 4, 1348 Ottignies-Louvain-la-Neuve
- Names & denominations
- ITM ALIMENTAIRE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 June 1996
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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Overige niet-gespecialiseerde groothandel in voedings- en genotmiddelen
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