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 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ONTEX GROUP from Aalst, company number BE0550880915, closed financial year 2025 with a result of € 3.7 million after tax. Compared with financial year 2024, the result moved from € 15.5 million to € 3.7 million. The company is profitable. 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 May 20, 2026.
€ 1.7 billion
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.7 million
▼ 76% vs 2024
Profit after tax over the fiscal year.
€ 36.7 million
▲ 28% 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 € 444.5 million.
People and assets in 2025
60.9
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.3 million
▼ 8% vs 2024
€ 168,800 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.
Debts at end 2025
€ 674.5 million
▼ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 4.9 million
▼ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 1.4 million
▼ 68% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -244,962,844 | € 2,675,457 | € 15,481,625 | € 3,662,822 | ▼ 76% |
| Equity | € 1,659,049,581 | € 1,661,725,038 | € 1,677,206,663 | € 1,680,869,484 | |
| Total debts | € 1,366,168,736 | € 1,348,480,674 | € 1,349,923,898 | € 1,133,778,127 | ▼ 16% |
| Cash | € 109,976,600 | € 53,033,099 | € 28,773,214 | € 36,699,703 | ▲ 28% |
| Land & buildings | € 238 | € 77 | - | - | |
| Retained profit | € 422,719,973 | € 425,395,430 | € 440,877,055 | € 444,539,876 | ▲ 1% |
| Bank debt | € 1,107,059,092 | € 873,269,256 | € 789,170,279 | € 674,529,215 | ▼ 15% |
| Balance sheet total | € 3,031,285,919 | € 3,018,673,791 | € 3,035,105,915 | € 2,817,009,261 | ▼ 7% |
| Employees (FTE) | 59.7 | 57.5 | 61.5 | 60.9 | ▼ 0.6 |
Key figures of ONTEX GROUP, 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 ONTEX GROUP?
What happened at ONTEX GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Julie Hamilton stepped down as director. NBB
- Acacia I BV stepped down as director. NBB
- Michael Bredael stepped down as director. NBB
- Olsen Rodney stepped down as director. NBB
- Viabylity BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.7 million (▼ 76% vs 2024). Source: NBB ↗
- Ebrahim Attarzadeh stepped down as director. NBB
- Inge Boets BV stepped down as director. NBB
In short
From € 245 million loss in 2022 to € 3.7 million profit in 2025.
Paid € 8.4 million in corporate taxes since 2022.
Best year ever: 2024, with € 15.5 million profit.
Pays suppliers within 49 days on average.
A new publication or filing at ONTEX GROUP? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Groupe Bruxelles Lambert SA (20%), ENA Investment Capital LLC (15.1%), Brandes Investment Partners LLP (10%), The Parnajugo Irrevocable Trust (3.6%), Goldman Sachs Group Inc. (3.2%) and Mr. Joannes G.H.M. Niessen and Mont cervin SARL (3.1%). It owns 100% of Ontex bv itself.
Directors
According to the 2025 annual accounts
Julie Hamilton
Director
since 2025 · until 2029
HVV GmbH
Director · represented by Jesper Hojer
since 2022 · until 2026
Director · represented by Els Verbraecken
Also active at: AERTSSEN GROUP, Jensen Group, VYNCKE
since 2025 · until 2029
Michael Bredael
Director
since 2017 · until 2029
since 2021 · until 2025
since 2024 · until 2028
Olsen Rodney
Director
since 2021 · until 2029
Ebrahim Attarzadeh
Director
since 2022 · until 2026
Hochgesand Isabel
Director
since 2021 · until 2025
since 2014 · until 2026
Shareholders
ENA Investment Capital LLC
15.1%
Brandes Investment Partners LLP
10%
The Parnajugo Irrevocable Trust
3.6%
Goldman Sachs Group Inc.
3.2%
Mr. Joannes G.H.M. Niessen and Mont cervin SARL
3.1%
BPCE SA, Natixis SA, Natixis Investment Managers, NIM Participations 3 and DNCA Finance
3%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Korte Keppestraat 21
9320 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
ontex.com
Registered
1997-07-22
Registrar
Gandi SAS
Expires
2026-07-21
Website info
Features
Security
Network
Details
- Company number
- 0550.880.915
- VAT number
- BE 0550.880.915
- Registered office
- Korte Keppestraat 21, 9320 Aalst
- Names & denominations
- ONTEX GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2014
- Peppol
- Active · Active since 28 Oct 2025
- Contact
- ontex.com [email protected]
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van holdings
Holdings