ACTIVE

LUKOIL BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result27,2 M €+6,7 %over 1 year

Revenue952,2 M €-2,3 %over 1 year

Equity185 M €+17,2 %over 1 year

Workforce58,8 ETP-0,7 %over 1 year

Identity

Source · BCE/KBO

LUKOIL BELGIUM is a Public limited company incorporated in 1960. Its registered office is in Vilvoorde. It employs on average 58,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0400.700.961
Incorporation: 22/09/1960
Legal form: Public limited company
Registered office: Medialaan 28 B box 1
1800 Vilvoorde · FlandreSee on map
Contributed capital: 6 197 338,00 €
Latest accounts: 31/12/2025
Average workforce: 58,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 26 filings

Trend over 12 financial years

	2025		2024		2023		2022		2016
Income statement
Revenue	952,2 M €	-2.3%	974,7 M €	-8.4%	1,1 Md €	-25.9%	1,4 Md €	+82.6%	785,8 M €
EBITDA	44,3 M €	+8.4%	40,9 M €	+19.6%	34,2 M €	-16.8%	41,1 M €	+85.0%	22,2 M €
Operating result	37,3 M €	+6.8%	34,9 M €	+23.8%	28,2 M €	-18.9%	34,8 M €	+126%	15,4 M €
Net result	27,2 M €	+6.7%	25,5 M €	+29.2%	19,7 M €	-18.2%	24,1 M €	+340%	5,5 M €
Balance sheet
Equity	185 M €	+17.2%	157,8 M €	+19.2%	132,3 M €	+17.5%	112,6 M €	+376%	23,7 M €
Total assets	250,5 M €	+14.5%	218,8 M €	+11.1%	197 M €	+6.1%	185,7 M €	+49.0%	124,6 M €
Cash	33,4 M €	-60.0%	83,6 M €	+40.7%	59,4 M €	+58.7%	37,4 M €	+624%	5,2 M €
Debts	63,2 M €	+6.0%	59,6 M €	-6.0%	63,5 M €	-12.2%	72,3 M €	-27.6%	99,8 M €
Other
Workforce	58,8 ETP	-0.7%	59,2 ETP	-0.3%	59,4 ETP	+4.6%	56,8 ETP	+0.5%	56,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 19 ended

Active mandates

Fabrice Vanhoucke

Director · since 22 juillet 2025 · until 06 juin 2028

Active

Veerle Verhaegen

Director · since 22 juillet 2025 · until 06 juin 2028

Active

Ivo Hoskens

Managing director · since 01 avril 2025 · until 06 juin 2028

Active

Ended mandates

Veerle Verhaegen

Director · since 08 novembre 2021 · until 03 juin 2025

Ended

Veerle Verhaegen

Director · since 08 novembre 2021 · until 22 juillet 2025

Ended

Bulat Subaev

Managing director · since 01 juin 2021 · until 01 avril 2025

Ended

Bulat Subaev

Managing director · since 01 juin 2021 · until 03 juin 2025

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2026	29/07/2025	18/06/2024	19/06/2023	13/07/2022	09/06/2021
General meeting	14/08/2026	22/07/2025	04/06/2024	06/06/2023	28/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 26 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	14/08/2026	18/08/2026	Dutch	PDF
Full model	31/12/2024	22/07/2025	29/07/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	19/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	19/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2021	28/06/2022	13/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	02/03/2022	31/03/2022	English	PDF
Full model	31/12/2020	01/06/2021	09/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	10/03/2021	18/04/2021	English	PDF
Full model	31/12/2019	02/06/2020	18/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	10/03/2020	16/04/2020	English	PDF
Full model	31/12/2018	04/06/2019	25/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	04/03/2019	02/04/2019	English	PDF
Full model	31/12/2017	05/06/2018	15/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	20/03/2018	26/04/2018	English	PDF
Full model	31/12/2016	06/06/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	04/07/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	13/06/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	07/06/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	06/06/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	09/06/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	10/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	23/06/2009	Dutch	PDF

View all 26 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 19 ended

Active mandates

Fabrice Vanhoucke

Director · since 22 juillet 2025 · until 06 juin 2028

Active

Veerle Verhaegen

Director · since 22 juillet 2025 · until 06 juin 2028

Active

Ivo Hoskens

Managing director · since 01 avril 2025 · until 06 juin 2028

Active

Ended mandates

Veerle Verhaegen

Director · since 08 novembre 2021 · until 03 juin 2025

Ended

Veerle Verhaegen

Director · since 08 novembre 2021 · until 22 juillet 2025

Ended

Bulat Subaev

Managing director · since 01 juin 2021 · until 01 avril 2025

Ended

Bulat Subaev

Managing director · since 01 juin 2021 · until 03 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other25/02/2026
DIVERSEN
PDF
Mandates05/08/2025
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/04/2025
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/07/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2021
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202527,2 M €↑
22/07/2025
reconductionFabrice VANHOUCKE — bestuurder
22/07/2025
reconductionVeerle VERHAEGEN — bestuurder
01/04/2025
nominationIvo Hoskens — gedelegeerd bestuurder
01/04/2025
nominationIvo Guido R. Hoskens — bestuurder
2024
Annual accounts 202425,5 M €↑
2023
Annual accounts 202319,7 M €↓
2022
Annual accounts 202224,1 M €↑
26/09/2022
nominationJeroen Trumpener — commissaris (vaste vertegenwoordiger)
2016
Annual accounts 20165,5 M €↑
2015
Annual accounts 20153,3 M €↑
2014
Annual accounts 2014632,2 k €↓
2012
Annual accounts 20129,5 M €↓
2011
Annual accounts 201110,8 M €↑
2010
Annual accounts 20108,7 M €↑
2009
Annual accounts 20097,7 M €↑
2008
Annual accounts 20086,7 M €
22/09/1960
IncorporationPublic limited company

LUKOIL BELGIUM

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline