LOTB on Euronext Brussels

Lotus Bakeries

Logo: Lotus Bakeries N.V., Public domain, via Wikimedia Commons4

Confectionery company founded in Belgium

Lotus Bakeries NV is a Belgian multinational snack food company founded in 1932 and based in Lembeke, East Flanders. The company's best-known product is its speculoos biscuits, branded as Biscoff (a portmanteau of "biscuit" and "coffee"). Other Lotus brands include nākd, TREK, BEAR, Kiddylicious, Peter's Yard, Dinosaurus, Peijnenburg, and Annas.2 It employed 4,164 people in 2025.1 Its revenue was €1.4 billion in 2025.1 Its shares trade on Euronext Brussels under the symbol LOTB.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

Mar 30, 1934Founded1

Compare with another stock.

  • TickerLOTB on Euronext Brussels1
  • Industrybakery1
  • HeadquartersLembeke1
  • Websitewww.lotusbakeries.com
  • Legal formPublic limited company (Belgium)1
  • LEI5493004C0K34IFI67I033
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressGentstraat 1, 9971 Kaprijke, Belgium3
  • Registered withFederal Public Service Economy (Ministry of Economy), 0401.030.8603
Lotus Bakeries - Lembeke
Photo: Spotter2, CC BY-SA 3.0, via Wikimedia Commons6

Lotus Bakeries NV is a Belgian multinational snack food company founded in 1932 and based in Lembeke, East Flanders. The company's best-known product is its speculoos biscuits, branded as Biscoff (a portmanteau of "biscuit" and "coffee"). Other Lotus brands include nākd, TREK, BEAR, Kiddylicious, Peter's Yard, Dinosaurus, Peijnenburg, and Annas.2

Corporate structure

Lotus Bakeries sits at the top of its group. 6 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Lotus Bakeries Kaprijke, Belgium
    • Enkhuizer banket Subsidiary · Enkhuizen, Netherlands
    • Koninklijke Peijnenburg Subsidiary · Geldrop, Netherlands
    • Lotus Bakeries Corporate Subsidiary · 100% · Kaprijke, Belgium
    • Lotus Bakeries France Subsidiary · France
    • Lotus Bakeries International und Schweiz AG Subsidiary · Baar, Switzerland

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

The story

The company was founded in Lembeke in 1932 by three brothers: Jan, Emiel, and Henri Boone. Jan named it Lotus, after the flower, which symbolizes purity.

In the 1950s, the brothers began to package their speculoos biscuits individually, and from 1956 they were offered in Belgian catering establishments alongside coffee. Soon after, in 1960, Lotus began distributing biscuits in neighboring countries. Partnering with the Stevens family in 1974, Lotus merged with Corona and now also includes cakes and pastries within its product range. Prepackaged pastries experienced rapid growth at that time.

In 1986, Lotus and Delta Airlines struck a deal to distribute the cookies to Delta's passengers as a substitute for peanuts. A Delta employee claims to have invented the "Biscoff" name at the time, although this is disputed by Lotus. The brand was later rolled out worldwide, and several other airlines introduced the cookies.

Beginning in the 1990s, Lotus Bakeries grew steadily with a series of integrations:

1999: Integration of Suzy waffles

2006: Integration of gingerbread (Peijnenburg)

2008: Integration of ginger cookies (Annas)

2012: Acquisition of the Dinosaurus brand and start of own production from mid-2013 onwards

Read the full text

Since 2015, the company has become active in the natural snacking category, acquiring three British companies.

2015: strategic partnership with Natural Balance Foods ("NBF") in the healthy snacking segment. NBF is a British wholefood company which offers bars under the nākd and TREK brands

2016: acquisition of BEAR, a kids' fruit snacking brand that offers natural snacks made from fruit

2018: acquisition of Kiddylicious, a British baby snacking brand that creates snacks for growing babies, toddlers and preschoolers

2020: acquisition of the majority of the remaining shares in British company Natural Balance Foods from the founders; as a result, Lotus Bakeries has full control of the entire Natural Foods portfolio

2020: creation of a new International HQ for Lotus™ Natural Foods in Switzerland

2022: acquisition of 100% of the shares of Peter's Yard, a British artisanal sourdough company that produces sourdough crackers, crispbreads and crisps

Lotus Bakeries has invested in several production facilities on different continents:

Historically, Biscoff was produced (and continues to be produced) in Lembeke, Belgium. In 2019, a new manufacturing facility was opened in Mebane, North Carolina, in the United States, marking the first production of Biscoff outside of Belgium. Currently, a third production facility for Biscoff is being built in Thailand and will be operational in 2026.

Since 2019 a production facility for the group’s natural foods brand, BEAR, has been in Wolseley, South Africa. In early 2024, the nākd production facility, adjacent to the BEAR production site, was built.

Lotus Bakeries' Local Heroes products are produced in their home markets of Belgium, the Netherlands, France, and Sweden.

From Wikipedia’s article on Lotus Bakeries, shared under CC BY-SA 4.0.5

Products and brands

  • speculoos biscuit

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

  1. 2006Acquired Koninklijke Peijnenburg1
  2. 1998Acquired Enkhuizer banket1

Employees over time

  • 20254,1641

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Lotus Bakeries revenue by year11.4B EUR in 2025+167% since 2016
0500.0M EUR1.0B EUR1.5B EUR2016: 507.2M EUR507.2M EUR20162017: 524.1M EUR524.1M EUR2017+3%2018: 556.4M EUR556.4M EUR2018+6%2019: 612.7M EUR612.7M EUR2019+10%2020: 663.3M EUR663.3M EUR2020+8%2021: 750.3M EUR750.3M EUR2021+13%2022: 877.5M EUR877.5M EUR2022+17%2023: 1.1B EUR1.1B EUR2023+21%2024: 1.2B EUR1.2B EUR2024+16%2025: 1.4B EUR1.4B EUR2025+10%
  • 20251.4B EUR1
  • 20241.2B EUR1
  • 20231.1B EUR1
  • 2022877.5M EUR1
  • 2021750.3M EUR1
  • 2020663.3M EUR1

Net income

Lotus Bakeries net income by year1172.3M EUR in 2025+176% since 2016
050.0M EUR100.0M EUR150.0M EUR200.0M EUR2016: 62.5M EUR62.5M EUR20162017: 64.6M EUR64.6M EUR2017+3%2018: 67.9M EUR67.9M EUR2018+5%2019: 75.8M EUR75.8M EUR2019+12%2020: 82.5M EUR82.5M EUR2020+9%2021: 90.7M EUR90.7M EUR2021+10%2022: 103.3M EUR103.3M EUR2022+14%2023: 129.3M EUR129.3M EUR2023+25%2024: 152.5M EUR152.5M EUR2024+18%2025: 172.3M EUR172.3M EUR2025+13%
  • 2025172.3M EUR1
  • 2024152.5M EUR1
  • 2023129.3M EUR1
  • 2022103.3M EUR1
  • 202190.7M EUR1
  • 202082.5M EUR1

Timeline

  1. 1988Went public Listed on Euronext Brussels1
  2. Mar 30, 1934Founded Founded1

Sources

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

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6