Financials
Financial year 2025
Kingspan Insulation from Turnhout, company number BE0876525355, closed financial year 2025 with a result of € -1.4 million after tax. For that financial year Kingspan Insulation recorded revenue of € 32.7 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 184,731 to € -1.4 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 4.2 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ still € 184,731 profit in 2024
Profit after tax over the fiscal year.
€ 1 million
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -380,703.
People and assets in 2025
132.1
▼ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.5 million
▼ 4% vs 2024
€ 79,500 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.
€ 105,562
▲ 64% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.6 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 1.3 million
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 67,067,122 | € 58,898,329 | € 48,402,336 | € 32,657,895 | ▼ 33% |
| Profit after taxes | € -263,215 | € 834,023 | € 184,731 | € -1,370,341 | ▼ € 1.6 million |
| Equity | € 4,532,384 | € 5,366,406 | € 5,551,138 | € 4,180,797 | ▼ 25% |
| Total debts | € 17,285,062 | € 15,659,818 | € 16,406,153 | € 18,109,743 | ▲ 10% |
| Cash | € 710,364 | € 702,910 | € 1,027,757 | € 1,018,739 | ▼ 1% |
| Land & buildings | € 2,646,410 | € 2,552,104 | € 2,457,797 | € 2,363,490 | ▼ 4% |
| Retained profit | € -29,116 | € 804,906 | € 989,638 | € -380,703 | ▼ € 1.4 million |
| Balance sheet total | € 22,197,633 | € 21,506,089 | € 22,543,140 | € 22,785,920 | ▲ 1% |
| Employees (FTE) | 132.8 | 135.3 | 136.8 | 132.1 | ▼ 4.7 |
Key figures of Kingspan Insulation, 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 Kingspan Insulation?
What happened at Kingspan Insulation in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mark Connor stepped down as director. NBB
- Terry McGivern stepped down as director. NBB
- David McMahon stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.4 million (▼ € 1.6 million vs 2024). Source: NBB ↗
- Ian Mc Auliffe stepped down as director. NBB
- Mark Connor became a director. NBB
- David McMahon became a director. NBB
- Terry McGivern became a director. NBB
In short
From € 263,215 loss in 2022 to € 1.4 million loss in 2025.
Paid € 482,730 in corporate taxes since 2022.
Best year ever: 2023, with € 834,023 profit.
Pays suppliers within 40 days on average.
Management
The shares are held by Kingspan NV (100%).
Directors
According to the 2025 annual accounts
Ian Mc Auliffe
Director
since 2023 · until 2025
Mark Connor
Director
since 2025 · until 2028
Terry McGivern
Director
since 2025 · until 2028
David McMahon
Director
since 2025 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Visbeekstraat 24
2300 Turnhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Canonical: https://www.kingspan.com/be/nl/kingspan-divisies/kingspaninsulation/
Technologies
Hosting & Email
Email provider
Mimecast
Hosting
IONOS-AS This is the joint network for IONOS, Fasthosts, Arsys, 1&1 Mail and Media and 1&1 Telecom. Formerly known as 1&1 Internet SE., DE
Website info
Features
Security
Details
- Company number
- 0876.525.355
- VAT number
- BE 0876.525.355
- Registered office
- Visbeekstraat 24, 2300 Turnhout
- Names & denominations
- Kingspan Insulation
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2005
- Peppol
- Active · Active since 26 Jan 2026
- Contact
- kingspaninsulation.be
- Activities · NACE
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