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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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2023; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2020, 2021, 2022.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
SOUDAL HOLDING from Turnhout, company number BE0467913053, closed financial year 2023 with a result of € 52.9 million after tax. For that financial year SOUDAL HOLDING recorded revenue of € 5.3 million and equity of € 114.6 million. Compared with financial year 2022, the result moved from € 25.8 million to € 52.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2024.
€ 114.6 million
▲ 13% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52.9 million
▲ 105% vs 2022
Profit after tax over the fiscal year.
€ 166,348
▼ 1% vs 2022
Cash and bank balances on the last day of the fiscal year.
€ 40 million paid out
76 % of the profit went to the shareholders, mostly to JONELINVEST (100 % of the shares). That is where the money ends up.
People and assets in 2023
21.2
▲ 0.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 10% vs 2022
€ 115,600 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.
€ 1,277
▼ 69% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 104.7 million
▲ 42% vs 2022
€ 18.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 619,180
▲ 80% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 121 days on average.
€ 433,646
▼ 29% vs 2022
Taxes, VAT and social contributions still to pay.
| 2020 | 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|---|
| Revenue | € 3,156,153 | € 4,075,631 | € 5,514,074 | € 5,258,410 | ▼ 5% |
| Profit after taxes | € 10,234,565 | € 26,202,587 | € 25,765,004 | € 52,906,620 | ▲ 105% |
| Equity | € 69,705,969 | € 75,908,557 | € 101,673,561 | € 114,580,181 | ▲ 13% |
| Total debts | € 177,681,212 | € 181,633,270 | € 195,973,112 | € 218,275,599 | ▲ 11% |
| Cash | - | - | € 167,482 | € 166,348 | ▼ 1% |
| Land & buildings | € 1,608,965 | € 1,536,643 | € 1,464,321 | € 1,391,999 | ▼ 5% |
| Retained profit | € 56,803,927 | € 63,006,514 | € 88,771,518 | € 101,678,138 | ▲ 15% |
| Dividend | € 50,000,000 | € 20,000,000 | € 0 | € 40,000,000 | |
| Bank debt | € 100,069,320 | € 74,830,821 | € 73,652,393 | € 104,701,215 | ▲ 42% |
| Balance sheet total | € 247,387,181 | € 257,541,826 | € 297,646,673 | € 332,855,780 | ▲ 12% |
| Employees (FTE) | 18 | 19.6 | 20.7 | 21.2 | ▲ 0.5 |
Key figures of SOUDAL HOLDING, fiscal years 2020 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to SOUDAL HOLDING?
What happened at SOUDAL HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- JURGEN VANDERVELDEN stepped down as director. NBB
- JONELINVEST NV stepped down as director. NBB
- JAN VANHEVEL stepped down as director. NBB
- NEL SWERTS stepped down as director. NBB
- DILKOMA BV stepped down as director. NBB
- JO SWERTS stepped down as director. NBB
- DIRK COOREVITS stepped down as director. NBB
- SUNATHIM BV stepped down as director. NBB
In short
From € 10.2 million profit in 2020 to € 52.9 million profit in 2023.
Paid € 1.3 million in corporate taxes since 2020.
Best year ever: 2023, with € 52.9 million profit.
Paid out € 110 million in dividends to the owners in total.
Management
The stake of JONELINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOUDAL HOLDINGThe shares are held by JONELINVEST (100%). It owns 100% of Soudal Accumetric, 100% of Soudal Oy, 100% of Profflex Trading LLC, 100% of Soudal Sp z.o.o., 100% of Soudal Ltd. and 100% of Accummetric Silicones Private Ltd. itself.
Directors
According to the 2023 annual accounts
since 2023 · until 2025
Managing director · represented by VICTOR SWERTS
Also active at: Aerotrim, RECTAVIT, DE NEEF CHEMICAL PROCESSING, Smile Invest, HITA, ACE FAMILY FUND, Adaptive, Next Day Investment Partners I +1 more
since 2023 · until 2025
since 2023 · until 2025
NEL SWERTS
Director
since 2023 · until 2025
since 2023 · until 2025
JO SWERTS
Director
since 2023 · until 2025
DIRK COOREVITS
Director
Also active at: Soudal, RECTAVIT, DE NEEF CHEMICAL PROCESSING, SAPAC PACKAGING & RECYCLING, Adaptive
since 2023 · until 2025
Director · represented by AJIT SHETTY SUNANGAL
Also active at: reMYND, Newton Biocapital I, pricaf privée de droit belge, REJUVENATE BIOMED, Newton Biocapital II
since 2023 · until 2025
since 2023 · until 2025
since 2023 · until 2025
BEN SWERTS
Director
since 2023 · until 2025
Shareholders
100%
Participations
Soudal Accumetric
100%
Soudal Oy
100%
Profflex Trading LLC
100%
Soudal Sp z.o.o.
100%
Soudal Ltd.
100%
Accummetric Silicones Private Ltd.
100%
Tenachem Belarus
100%
Ljungdahl A/S
100%
Tenachem Rusland
100%
Soudal Tramico
100%
Soudal High Performance Sealing & Bonding Materials (Taicang) Co. Ltd
100%
Soudal Middle East Building and Construction Materials Trading LLC
100%
Soudal Limited
100%
Soudal Yapi Kimyasallari Sanayi ve Ticaret A.S.
100%
Soudal UK Ltd
100%
Soudal Colombia S.A.S.
100%
SOUDAL AS
100%
Tenachem Ukraine
100%
Soudal Industries OOO
100%
Soudal Limited.
100%
Soudal d.o.o.
100%
Soudal SA
100%
Soudal Co. Ltd.
100%
Soudal SRL
100%
SOUDAL S.A.
100%
Soudal New Zealand Investments
100%
Soudal SA PTY Ltd.
100%
Soudal Co Ltd
100%
SOUDAL A.S
100%
Partner Tapes Sp z.o.o.
100%
Mitol d.o.o.
100%
Soudal Osterreich GmbH
100%
Tenachem Latvia
100%
Soudal e.o.o.d.
100%
Soudal Investment OOO
100%
Soudal DWC LLC
100%
Zaklady Chemiczne Bochem Sp. z.o.o.
100%
Soudal OOO
100%
Profflex
100%
Soudal Chemical Products Inc.
100%
Soudal Produtos Químicos
100%
Frencken BV
100%
Soudal Pty Ltd
100%
SOUDAL SAS
100%
Soudal B.V.
100%
Soudal Magyarorszag Kft.
100%
Soudal AB
100%
Soudal Manufacturing Pionki Sp. Z.o.o.
100%
Al Muquarram Insulation Materials Industries LLC
100%
Soudal IE
100%
100%
Soudal Kazachstan TOO
100%
Soudal S.A. de C.V.
100%
McCoy Soudal Sealants Adhesives & Foams Pvt Ltd
100%
Soudal Perù S.A.
100%
100%
Soudal Brazilië Industria Ltda.
99.9%
99.8%
TKK
99.4%
Soudal S.C. SRL
99%
Soudal Quimica SL
99%
SOUDAL AS
51%
Soudal IUP
51%
Establishments
Establishment units
Physical locations of this company
Everdongenlaan 20
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →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
GOOGLE-CLOUD-PLATFORM - Google LLC, US
Domain
Domain
soudal.com
Registered
1996-11-06
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-11-05
Website info
Features
Security
Details
- Company number
- 0467.913.053
- VAT number
- BE 0467.913.053
- Registered office
- Everdongenlaan 20, 2300 Turnhout
- Names & denominations
- SOUDAL HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 1999
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- soudal.com
- Activities · NACE
Activiteiten van holdings
Overige zakelijke dienstverlening, neg
Holdings