Financials
Financial year 2025
PVS CHEMICALS BELGIUM from Gent, company number BE0461104445, closed financial year 2025 with a result of € -741,574 after tax. For that financial year PVS CHEMICALS BELGIUM recorded revenue of € 30.5 million and equity of € 11.4 million. Compared with financial year 2024, the result moved from € 885,643 to € -741,574. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 11.4 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -741,574
▼ still € 885,643 profit in 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 10.4 million.
People and assets in 2025
39.7
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.1 million
▲ 6% vs 2024
€ 127,300 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.
€ 619,148
▼ 8% vs 2024
Of which on lease € 578,900.
Debts at end 2025
€ 12 million
▲ 75% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 5.7 million
▲ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
€ 604,957
▲ 8% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 45,265,503 | € 32,294,409 | € 29,768,630 | € 30,523,991 | ▲ 3% |
| Profit after taxes | € 6,920,679 | € 2,335,482 | € 885,643 | € -741,574 | ▼ € 1.6 million |
| Equity | € 9,902,995 | € 11,238,477 | € 12,124,121 | € 11,382,547 | ▼ 6% |
| Total debts | € 11,091,269 | € 8,922,302 | € 11,603,161 | € 18,440,140 | ▲ 59% |
| Cash | € 769,146 | € 955,290 | € 2,397,109 | € 1,381,937 | ▼ 42% |
| Land & buildings | € 358,211 | € 347,212 | € 336,514 | € 329,248 | ▼ 2% |
| Retained profit | € 8,954,624 | € 10,290,106 | € 11,175,750 | € 10,434,176 | ▼ 7% |
| Dividend | € 3,250,112 | € 1,000,000 | € 0 | € 0 | |
| Bank debt | € 5,438,726 | € 4,569,743 | € 6,857,450 | € 11,975,497 | ▲ 75% |
| Balance sheet total | € 21,498,118 | € 20,574,781 | € 24,150,914 | € 30,226,318 | ▲ 25% |
| Employees (FTE) | 36.6 | 42.4 | 41.2 | 39.7 | ▼ 1.5 |
Key figures of PVS CHEMICALS 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 PVS CHEMICALS BELGIUM?
What happened at PVS CHEMICALS BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- David Alexander Nicholson stepped down as director. NBB
- Omar Sinaph stepped down as director. NBB
- Timothy Floyd Nicholson stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 741,574 (▼ € 1.6 million vs 2024). Source: NBB ↗
- David Alexander Nicholson became a director. NBB
- Omar Sinaph became a director. NBB
- Timothy Floyd Nicholson became a director. NBB
- New establishment in Gent. KBO
In short
From € 6.9 million profit in 2022 to € 741,574 loss in 2025.
Paid € 3.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 6.9 million profit.
Paid out € 4.3 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
David Alexander Nicholson
Director
since 2025 · until 2030
Omar Sinaph
Managing director
since 2025 · until 2030
Timothy Floyd Nicholson
Director
since 2025 · until 2030
Establishments
Establishment units
Physical locations of this company
Pantserschipstraat 80
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Website info
Features
Details
- Company number
- 0461.104.445
- VAT number
- BE 0461.104.445
- Registered office
- Pantserschipstraat 80, 9000 Gent
- Names & denominations
- PVS CHEMICALS BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 1997
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- pvschemicals.be
- Activities · NACE
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