ACTIVE

Belgian Shell

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Financial year 2023 · closed on 31/12/2023
Net result
10,9 M €
Revenue
2,2 Md €
Equity
97,7 M €
Workforce
199,0 ETP

What does Belgian Shell do?

Belgian Shell is a Public limited company incorporated in 1919. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Bruxelles. It employs on average 199,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0403.048.262
Incorporation
04/03/1919
Legal form
Public limited company
Registered office
Cantersteen 47
1000 Bruxelles · BruxellesSee on map
Contributed capital
83 588 163,87 €
Latest accounts
31/12/2023
Average workforce
199,0 ETP
Activities (NACE)
46710Wholesale of solid, liquid and gaseous fuels and related products· main46810Wholesale trade, except of motor vehicles and motorcycles51510Air transport
Joint committees (4)
  • 100
  • 10201
  • 117
  • 211
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 1 financial year

2023
Income statement
Revenue2,2 Md €
EBITDA36,5 M €
Operating result23,5 M €
Net result10,9 M €
Balance sheet
Equity97,7 M €
Total assets343,1 M €
Cash58,2 M €
Debts233,1 M €
Other
Workforce199,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active

Active mandates

Benoit Lefebvre

Director · since 25 avril 2023 · until 23 mai 2024

Active
Moerenhout Ilse

Director · since 25 avril 2023 · until 23 mai 2024

Active
Vaessen Christophe

Director · since 25 avril 2023 · until 23 mai 2024

Active
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Annual accounts

Full financial information

202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/06/202526/06/202413/06/202318/05/202228/05/202101/10/2020
General meeting27/05/202530/05/202425/04/202319/04/202227/04/202128/04/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

74 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202427/05/202527/06/2025DutchPDF
Full model31/12/202427/05/202518/06/2025FrenchPDF
Full modelCorrection31/12/202330/05/202429/08/2024DutchPDF
Full modelCorrection31/12/202330/05/202429/08/2024FrenchPDF
Full model31/12/202330/05/202426/06/2024FrenchPDF
Full model31/12/202330/05/202426/06/2024DutchPDF
Full model31/12/202225/04/202313/06/2023FrenchPDF
Full model31/12/202225/04/202313/06/2023DutchPDF
Full model31/12/202119/04/202218/05/2022DutchPDF
Full model31/12/202119/04/202218/05/2022FrenchPDF
Full model31/12/202027/04/202128/05/2021FrenchPDF
Full model31/12/201928/04/202001/10/2020FrenchPDF
Full model31/12/201823/04/201920/06/2019FrenchPDF
Full model31/12/201724/04/201813/07/2018FrenchPDF
Full model31/12/201625/04/201705/09/2017FrenchPDF
Full model31/12/201526/04/201627/05/2016FrenchPDF
Full model31/12/201428/04/201512/06/2015FrenchPDF
Full model31/12/201322/04/201402/06/2014FrenchPDF
Full model31/12/201223/04/201312/07/2013FrenchPDF
Full model31/12/201124/04/201205/06/2012FrenchPDF
Full model31/12/201026/04/201124/06/2011FrenchPDF
Full model31/12/200927/04/201008/06/2010FrenchPDF
Full model31/12/200828/04/200901/07/2009DutchPDF
Full model31/12/200708/04/200816/05/2008FrenchPDF

View all 74 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active

Active mandates

Benoit Lefebvre

Director · since 25 avril 2023 · until 23 mai 2024

Active
Moerenhout Ilse

Director · since 25 avril 2023 · until 23 mai 2024

Active
Vaessen Christophe

Director · since 25 avril 2023 · until 23 mai 2024

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/09/2024
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 01/07/2025
    nominationTim Goyvaerts — bestuurder
  2. 01/07/2025
    nominationTim Goyvaerts — administrateur
  3. 27/05/2025
    reconductionJannes Colaert — administrateur
  4. 27/05/2025
    reconductionBenoît Lefebvre — administrateur
  5. 27/05/2025
    reconductionIlse Moerenhout — administrateur
  6. 27/05/2025
    reconductionEY Réviseurs d'Entreprises SRL — commissaire
  7. 27/05/2025
    nominationJannes Colaert — gedelegeerd bestuurder
  8. 27/05/2025
    reconductionJannes Colaert — administrateur-délégué
  9. 27/05/2025
    reconductionJannes Colaert — bestuurder
  10. 27/05/2025
    reconductionBenoît Lefebvre — bestuurder
  11. 27/05/2025
    reconductionIlse Moerenhout — bestuurder
  12. 27/05/2025
    reconductionEY Réviseurs d'Entreprises SRL — commissaris
  13. 01/12/2024
    nominationJannes Colaert — bestuurder
  14. 01/12/2024
    nominationJannes Colaert — administrateur
  15. 25/06/2024
    reconductionChristophe Vaessen — gedelegeerd bestuurder
  16. 25/06/2024
    nominationChristophe Vaessen — administrateur-délégué
  17. 30/05/2024
    reconductionChristophe Vaessen — bestuurder
  18. 30/05/2024
    reconductionBenoît Lefebvre — bestuurder
  19. 30/05/2024
    reconductionIlse Moerenhout — bestuurder
  20. 30/05/2024
    reconductionChristophe Vaessen — administrateur
  21. 30/05/2024
    reconductionBenoît Lefebvre — administrateur
  22. 30/05/2024
    reconductionIlse Moerenhout — administrateur
  23. 29/02/2024
    nominationFilip Simpelaere — vaste vertegenwoordiger van de commissaris
  24. 29/02/2024
    nominationFilip Simpelaere — représentant permanent du commissaire
  25. 2023
    Annual accounts 202310,9 M €
  26. 25/04/2023
    reconductionChristophe Vaessen — administrateur
  27. 25/04/2023
    reconductionBenoît Lefebvre — administrateur
  28. 25/04/2023
    reconductionlise Morenhout — administrateur
  29. 25/04/2023
    reconductionChristophe Vaessen — bestuurder
  30. 25/04/2023
    reconductionBenoît Lefebvre — bestuurder
  31. 25/04/2023
    reconductionIlse Moerenhout — bestuurder
  32. 19/04/2022
    reconductionEmmanuel Mignot — bestuurder
  33. 19/04/2022
    reconductionBenoît Lefebvre — bestuurder
  34. 19/04/2022
    reconductionlise Moerenhoutte — bestuurder
  35. 19/04/2022
    nominationEmmanuel Mignot — administrateur
  36. 19/04/2022
    nominationBenoît Lefebvre — administrateur
  37. 19/04/2022
    nominationIse Moerenhout — administrateur
  38. 04/03/1919
    IncorporationPublic limited company