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 172.3 to 134.4.
Financials
Financial year 2025
INEOS Phenol Belgium from Beveren-Kruibeke-Zwijndrecht, company number BE0888947788, closed financial year 2025 with a result of € 3.9 million after tax. For that financial year INEOS Phenol Belgium recorded revenue of € 49.2 million and equity of € 100.9 million. Compared with financial year 2024, the result moved from € 4.6 million to € 3.9 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 22, 2026.
€ 100.9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.9 million
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 275,950
▼ 44% 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 € 52.7 million.
People and assets in 2025
134.4
▼ 22.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 22.5 million
▼ 6% vs 2024
€ 167,500 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.
€ 39,909
▼ 27% 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.
€ 6.3 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 117 days on average.
€ 5.1 million
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 110,096,716 | € 49,280,744 | € 41,232,930 | € 49,236,004 | ▲ 19% |
| Profit after taxes | € 4,314,078 | € 4,379,779 | € 4,615,969 | € 3,874,829 | ▼ 16% |
| Equity | € 90,231,602 | € 94,104,805 | € 97,539,834 | € 100,886,563 | ▲ 3% |
| Total debts | € 19,096,479 | € 18,724,237 | € 13,627,899 | € 12,368,615 | ▼ 9% |
| Cash | € 561,352 | € 1,910,425 | € 492,294 | € 275,950 | ▼ 44% |
| Land & buildings | € 2,671,627 | € 2,652,697 | € 2,485,761 | € 2,322,476 | ▼ 7% |
| Retained profit | € 41,606,659 | € 45,631,533 | € 49,191,290 | € 52,692,409 | ▲ 7% |
| Balance sheet total | € 149,912,526 | € 155,171,440 | € 155,180,155 | € 158,920,230 | ▲ 2% |
| Employees (FTE) | 179.1 | 172.3 | 156.9 | 134.4 | ▼ 22.5 |
Key figures of INEOS Phenol Belgium, 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 INEOS Phenol Belgium?
What happened at INEOS Phenol Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mathew Rimmer stepped down as director. NBB
- Peter VERHAEGEN stepped down as director. NBB
- Danny SMET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.9 million (▼ 16% vs 2024). Source: NBB ↗
- Mathew Rimmer became a director. NBB
- Peter VERHAEGEN became a director. NBB
- Danny SMET became a director. NBB
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
In short
From € 4.3 million profit in 2022 to € 3.9 million profit in 2025.
Paid € 5.9 million in corporate taxes since 2022.
Best year ever: 2024, with € 4.6 million profit.
Pays suppliers within 117 days on average.
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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 Ineos Phenol Gmbh (100%) and Ineos Investment Holdings Limited (0%).
Directors
According to the 2025 annual accounts
Mathew Rimmer
Director
since 2024 · until 2030
Peter VERHAEGEN
Director
since 2020 · until 2026
Danny SMET
Director
since 2014 · until 2026
Shareholders
100%
Ineos Investment Holdings Limited
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Geslecht(KAL) 1
9130 Beveren-Kruibeke-Zwijndrecht
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.947.788
- VAT number
- BE 0888.947.788
- Registered office
- Geslecht(KAL) 1, 9130 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- INEOS Phenol Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2007
- Peppol
- Active · Active since 1 Jan 2001
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