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AZE on Euronext Brussels

Azelis Group

Logo: Azelis Group NV, Public domain, via Wikimedia Commons4

Belgium food ingredient distributor

Azelis Group is a Belgium-based distributor specializing in food ingredients and specialty chemicals, headquartered in Antwerp. It has been listed on Euronext since 2021 and has presence in Europe, the Middle East and Africa, Asia-Pacific, and the Americas.2 It employed 4,189 people in 2025.1 Its revenue was €4.1 billion in 2025.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

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  • TickerAZE on Euronext Brussels1
  • HeadquartersAntwerp1
  • Websitewww.azelis.com
  • Legal formPublic limited company (Belgium)1
  • LEI699400M9RRMTV264FM703
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressPosthofbrug 12 bus 6, 2600 Antwerpen, Belgium3
  • Registered withFederal Public Service Economy (Ministry of Economy), 07695552403

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Azelis Group is a Belgium-based distributor specializing in food ingredients and specialty chemicals, headquartered in Antwerp. It has been listed on Euronext since 2021 and has presence in Europe, the Middle East and Africa, Asia-Pacific, and the Americas.2

Corporate structure

Azelis Group sits at the top of its group. 8 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Azelis Group Antwerpen, Belgium
    • AZELIS (INDIA) PRIVATE LIMITED Subsidiary · 100% · Navi Mumbai, India
      • ASHAPURA AROMAS PRIVATE LIMITED Subsidiary · Mumbai, India
    • CHEMIPLAS AUSTRALIA PTY LTD Subsidiary · 100% · East Melbourne, Australia
    • Azelis Finance Subsidiary · Antwerpen, Belgium
    • Azelis S.A. Subsidiary · Luxembourg, Luxembourg
      • Azelis Benelux Subsidiary · Merelbeke, Belgium
    • AZELIS SOUTH AFRICA (PTY) LTD Subsidiary · Umhlanga Ridge, South Africa

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

The story

Azelis Group was established by the merger of Novorchem (Italy), and Arnaud (France) in 2001. In 2004, Azelis acquired Benelux companies: Sibeco Group and Sepulchre. In 2005, Azelis acquired a chemical distributor Brøste from Denmark. In December 2006, 3i global finance house bought the Azelis Group from Cognetas (now Motion Equity Partners) for over €300 million.

As of 2011, the company had 36 companies under its brand name. In 2021, Azelis Group was listed on Euronext Brussels through an IPO, having raised €1.77 billion with a market capitalization of €6.08 billion. Bloomberg noted that it was the biggest Belgian IPO since 2007.

In 2022, Azelis Group made 12 acquisitions and exceeded $4 billion in turnover.

From Wikipedia’s article on Azelis Group, shared under CC BY-SA 4.0.5

Employees over time

Azelis Group employees by year14.2K in 2025+32% since 2021
02.0K4.0K6.0K2021: 3.2K3.2K20212022: 3.8K3.8K2022+20%2023: 4.2K4.2K2023+10%2024: 4.3K4.3K2024+3%2025: 4.2K4.2K2025−3%
  • 20254,1891
  • 20244,3211
  • 20234,2061
  • 20223,8251
  • 20213,1771

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Azelis Group revenue by year14.1B EUR in 2025+45% since 2021
02.0B EUR4.0B EUR6.0B EUR2021: 2.8B EUR2.8B EUR20212022: 4.1B EUR4.1B EUR2022+45%2023: 4.2B EUR4.2B EUR2023+1%2024: 4.2B EUR4.2B EUR2024+1%2025: 4.1B EUR4.1B EUR2025−2%
  • 20254.1B EUR1
  • 20244.2B EUR1
  • 20234.2B EUR1
  • 20224.1B EUR1
  • 20212.8B EUR1

Net income

Azelis Group net income by year1113.4M EUR in 2025+61% since 2021
0100.0M EUR200.0M EUR300.0M EUR2021: 70.2M EUR70.2M EUR20212022: 218.9M EUR218.9M EUR2022+212%2023: 189.3M EUR189.3M EUR2023−14%2024: 189.5M EUR189.5M EUR2024+0%2025: 113.4M EUR113.4M EUR2025−40%
  • 2025113.4M EUR1
  • 2024189.5M EUR1
  • 2023189.3M EUR1
  • 2022218.9M EUR1
  • 202170.2M EUR1

Timeline

  1. Sep 17, 2021Went public Listed on Euronext Brussels1
  2. Jun 10, 2021Founded Azelis Group is founded3

Sources

The numbers on this page point here. Each one links to the record it came from.

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