Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 93.9 to 81.7.
Financials
Financial year 2024
ESSELTE BUSINESS from Sint-Niklaas, company number BE0875730549, closed financial year 2024 with a result of € 1.8 million after tax. For that financial year ESSELTE BUSINESS recorded revenue of € 45.1 million and equity of € 146.5 million. Compared with financial year 2023, the result moved from € 3.4 million to € 1.8 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 October 1, 2025.
€ 146.5 million
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▼ 46% vs 2023
Profit after tax over the fiscal year.
€ 13,366
▼ 44% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 7.2 million.
People and assets in 2024
81.7
▼ 3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 7.4 million
▼ 2% vs 2023
€ 90,800 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.
€ 1,521
▼ 60% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 5.1 million
▼ 27% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 1.9 million
▼ 7% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 54,080,440 | € 55,274,680 | € 46,586,640 | € 45,088,702 | ▼ 3% |
| Profit after taxes | € 4,661,469 | € 38,097,374 | € 3,386,806 | € 1,822,449 | ▼ 46% |
| Equity | € 218,156,606 | € 181,253,980 | € 144,640,786 | € 146,463,235 | ▲ 1% |
| Total debts | € 12,156,585 | € 7,980,108 | € 9,159,628 | € 7,064,464 | ▼ 23% |
| Cash | € 130,919 | € 30,962 | € 24,045 | € 13,366 | ▼ 44% |
| Retained profit | € 78,918,606 | € 42,015,980 | € 5,402,786 | € 7,225,235 | ▲ 34% |
| Dividend | € 0 | € 75,000,000 | € 40,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 230,317,459 | € 189,234,088 | € 153,800,414 | € 153,527,699 | |
| Employees (FTE) | 98 | 93.9 | 84.7 | 81.7 | ▼ 3 |
Key figures of ESSELTE BUSINESS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ESSELTE BUSINESS?
What happened at ESSELTE BUSINESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 1.8 million (▼ 46% vs 2023). filed late Source: NBB ↗
- Christopher Hopkinson became a director. NBB
- Guy De Roover became a director. NBB
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
- Marc Temmerman became a director. NBB
In short
From € 4.7 million profit in 2021 to € 1.8 million profit in 2024.
Paid € 4.8 million in corporate taxes since 2021.
Best year ever: 2022, with € 38.1 million profit.
Paid out € 115 million in dividends to the owners in total.
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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
Behind ESSELTE BUSINESS are Guy De Roover, Christopher Hopkinson and Marc Temmerman. The shares are held by ACCO Europe Ltd. (100%). It owns 100% of ESSELTE PORTUGAL Lda., 100% of ESSELTE OFFICE PRODUCTS GmbH., 100% of ESSELTE S.r.l., 100% of ESSELTE ApS, 100% of ESSELTE LEITZ BURO MALZEMELERI SANAYI VE TICARET A.S. and 100% of ESSELTE OFFICE PRODUCTS Oy itself.
Directors
According to the 2024 annual accounts
Guy De Roover
Director
since 2018
Christopher Hopkinson
Director
since 2020
Marc Temmerman
Director
since 2005
Shareholders
ACCO Europe Ltd.
100%
Participations
ESSELTE PORTUGAL Lda.
100%
ESSELTE OFFICE PRODUCTS GmbH.
100%
ESSELTE S.r.l.
100%
ESSELTE ApS
100%
ESSELTE LEITZ BURO MALZEMELERI SANAYI VE TICARET A.S.
100%
ESSELTE OFFICE PRODUCTS Oy
100%
ESSELTE BUSINESS SYSTEMS BV
100%
ESSELTE LEITZ ACCO Brands SWITZERLAND GmbH
100%
S.C. ESSELTE SALES SRL
100%
ESSELTE AS
100%
ESSELTE POLSKA Sp. z o. o.
100%
ESSELTE Kft.
100%
ESSELTE GREECE Ltd.
100%
ACCO BRANDS PORTUGUESA Lda
99.9%
ESSELTE s.r.o.
79.5%
Establishments
Establishment units
Physical locations of this company
Industriepark-Noord 29
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0875.730.549
- VAT number
- BE 0875.730.549
- Registered office
- Industriepark-Noord 29, 9100 Sint-Niklaas
- Names & denominations
- ESSELTE BUSINESS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 August 2005
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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