Financials
Financial year 2025
Taminco from Gent, company number BE0859910443, closed financial year 2025 with a result of € 50 million after tax. For that financial year Taminco recorded revenue of € 527.2 million and equity of € 100.8 million. Compared with financial year 2024, the result moved from € 2.9 billion to € 50 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 100.8 million
▲ 98% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50 million
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 16.7 million
▼ 60% 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 € 55.2 million.
People and assets in 2025
405.3
▼ 12.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 60.4 million
▲ 4% vs 2024
€ 149,000 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.
€ 1.3 million
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 198 million
▼ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 70.5 million
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 40.2 million
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 683,300,954 | € 520,340,738 | € 500,608,794 | € 527,220,019 | ▲ 5% |
| Profit after taxes | € 26,257,736 | € 42,169,046 | € 2,884,173,966 | € 49,957,205 | ▼ 98% |
| Equity | € 317,338,212 | € 359,507,257 | € 50,871,639 | € 100,828,844 | ▲ 98% |
| Total debts | € 704,552,600 | € 749,748,650 | € 314,796,537 | € 320,351,216 | ▲ 2% |
| Cash | € 76,079,323 | € 17,157,811 | € 41,911,293 | € 16,689,315 | ▼ 60% |
| Land & buildings | € 19,911,652 | € 20,584,697 | € 22,742,837 | € 21,781,267 | ▼ 4% |
| Retained profit | € 218,776,074 | € 260,945,119 | € 5,273,967 | € 55,231,172 | ▲ € 50 million |
| Dividend | € 0 | € 0 | € 3,192,809,585 | € 0 | ▼ 100% |
| Bank debt | € 605,159,932 | € 653,462,499 | € 205,416,130 | € 198,047,490 | ▼ 4% |
| Balance sheet total | € 1,027,225,420 | € 1,117,032,834 | € 375,983,136 | € 433,950,833 | ▲ 15% |
| Employees (FTE) | 424.6 | 428.5 | 418 | 405.3 | ▼ 12.7 |
Key figures of Taminco, 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 Taminco?
What happened at Taminco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 50 million (▼ 98% vs 2024). Source: NBB ↗
- Mattias Julien M. De Lille became a director. NBB
- Joris Paul C. Kuijpers became a director. NBB
- Johan Rousseau became a director. NBB
- Sabine Ketsman became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 26.3 million profit in 2022 to € 50 million profit in 2025.
Paid € 58.6 million in corporate taxes since 2022.
Best year ever: 2024, with € 2.9 billion profit.
Paid out € 3.2 billion in dividends to the owners in total.
Management
The stake of TAMINCO GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TamincoBehind Taminco are Mattias Julien M. De Lille, Joris Paul C. Kuijpers, Sabine Ketsman and Johan Rousseau. The shares are held by TAMINCO GROUP (100%). It owns 100% of Taminco Limitada, 100% of Ai-Red Technology (Dalian) Co. Ltd, 100% of Taminco Chili SpA, 100% of Eastman Chemical (Nanjing) Co. Ltd, 100% of Taminco Choline Chloride Co Ltd and 0% of Taminco Group itself.
Directors
According to the 2025 annual accounts
Mattias Julien M. De Lille
Director
since 2024
Joris Paul C. Kuijpers
Director
since 2018
since 2013
since 2018
Shareholders
100%
Participations
Taminco Limitada
100%
Ai-Red Technology (Dalian) Co. Ltd
100%
Taminco Chili SpA
100%
Eastman Chemical (Nanjing) Co. Ltd
100%
Taminco Choline Chloride Co Ltd
100%
Establishments
Establishment units
Physical locations of this company
Pantserschipstraat 207
9000 Gent
Guldensporenpark 74
9820 Merelbeke-Melle
Active since 16 October 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0859.910.443
- VAT number
- BE 0859.910.443
- Registered office
- Pantserschipstraat 207, 9000 Gent
- Names & denominations
- Taminco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 2003
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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