ACTIVE

Philip Morris Benelux

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Financial year 2022 · Closed on 31/12/2022

Net result10,6 M €+190,4 %over 1 year

Revenue3,3 Md €+1,1 %over 1 year

Equity-11,1 M €+48,7 %over 1 year

Workforce178,7 ETP+1,9 %over 1 year

Identity

Source · BCE/KBO

Philip Morris Benelux is a Private limited company incorporated in 1954. Its main activity is: Manufacture of tobacco products. Its registered office is in Antwerpen. It employs on average 178,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0403.196.039
Incorporation: 26/05/1954
Legal form: Private limited company
Registered office: Borsbeeksebrug 24
2600 Antwerpen · FlandreSee on map
Contributed capital: 10 338 000,00 €
Latest accounts: 31/12/2022
Average workforce: 178,7 ETP

Activities (NACE)

12000Manufacture of tobacco products· main 12000Manufacture of tobacco products 16000Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 46350Wholesale of tobacco products 46350Wholesale of tobacco products 51350Air transport+5

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 11 financial years

	2022		2021		2020		2019		2018
Income statement
Revenue	3,3 Md €	+1.1%	3,3 Md €	+3.4%	3,2 Md €	+4.8%	3,1 Md €	+2.3%	3 Md €
EBITDA	14,9 M €	+295%	-7,6 M €	+60.6%	-19,3 M €	-346%	7,9 M €	-8.1%	8,5 M €
Operating result	14,4 M €	+294%	-7,4 M €	+62.5%	-19,9 M €	-367%	7,4 M €	-9.0%	8,2 M €
Net result	10,6 M €	+190%	-11,7 M €	+49.5%	-23,2 M €	-635%	4,3 M €	-16.2%	5,2 M €
Balance sheet
Equity	-11,1 M €	+48.7%	-21,7 M €	-117%	-10 M €	-176%	13,2 M €	+0.2%	13,1 M €
Total assets	977 M €	+64.8%	592,7 M €	+41.1%	420 M €	+11.4%	377,1 M €	-16.5%	451,8 M €
Cash	–		–		–		–		–
Debts	985,1 M €	+64.9%	597,5 M €	+40.2%	426,1 M €	+17.3%	363,3 M €	-16.9%	437,3 M €
Other
Workforce	178,7 ETP	+1.9%	175,3 ETP	+2.0%	171,9 ETP	+3.7%	165,7 ETP	-1.8%	168,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2022

3 active · 18 ended

Active mandates

Miguel Matos

Manager · since 01 février 2021

Active

Konstantinos Papagiannopoulos

Manager · since 31 mai 2020

Active

Stefan Bauer

Manager · since 15 septembre 2019

Active

Ended mandates

Nikitas Theofilopoulos

Manager · since 01 janvier 2018 · until 01 février 2021

Ended

Nikitas Theofilopoulos

Manager · since 01 janvier 2018

Ended

Matthijs Oehlen

Manager · since 01 novembre 2015 · until 31 mai 2020

Ended

Matthijs Oehlen

Manager · since 01 novembre 2015

Ended

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2025	22/05/2024	22/05/2023	30/06/2022	10/06/2021	09/06/2020
General meeting	18/06/2025	15/05/2024	17/05/2023	28/06/2022	19/05/2021	20/05/2020
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	18/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	15/05/2024	22/05/2024	Dutch	PDF
Full model	31/12/2022	17/05/2023	22/05/2023	Dutch	PDF
Full model	31/12/2021	28/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	19/05/2021	10/06/2021	Dutch	PDF
Full model	31/12/2019	20/05/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	15/05/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	16/05/2018	30/07/2018	Dutch	PDF
Full model	31/12/2016	17/05/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	18/05/2016	06/06/2016	Dutch	PDF
Full model	31/12/2014	20/05/2015	14/07/2015	Dutch	PDF
Full model	31/12/2013	21/05/2014	26/05/2014	Dutch	PDF
Full model	31/12/2012	15/05/2013	04/06/2013	Dutch	PDF
Full model	31/12/2011	16/05/2012	21/05/2012	Dutch	PDF
Full model	31/12/2010	18/05/2011	15/06/2011	Dutch	PDF
Full model	31/12/2009	19/05/2010	15/06/2010	Dutch	PDF
Full model	31/12/2008	20/05/2009	19/08/2009	Dutch	PDF
Full model	31/12/2007	21/05/2008	06/08/2008	Dutch	PDF
Full model	31/12/2006	16/05/2007	12/07/2007	Dutch	PDF
Consolidated accounts	31/12/2006	16/05/2007	12/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2022

3 active · 18 ended

Active mandates

Miguel Matos

Manager · since 01 février 2021

Active

Konstantinos Papagiannopoulos

Manager · since 31 mai 2020

Active

Stefan Bauer

Manager · since 15 septembre 2019

Active

Ended mandates

Nikitas Theofilopoulos

Manager · since 01 janvier 2018 · until 01 février 2021

Ended

Nikitas Theofilopoulos

Manager · since 01 janvier 2018

Ended

Matthijs Oehlen

Manager · since 01 novembre 2015 · until 31 mai 2020

Ended

Matthijs Oehlen

Manager · since 01 novembre 2015

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2022
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

15/05/2026
nominationGuy VOS — bijzondere volmacht
01/04/2026
nominationMariya METAKSOVA — bestuurder
16/09/2025
nominationDimitrios GIANNOPOULOS — bestuurder
16/09/2025
nominationVladimir PETRENKO — bestuurder
18/06/2025
nominationBart Van Gompel — commissaris
03/02/2025
nominationLovre TUDOR — bijzondere volmacht
29/02/2024
nominationFrederic REYNAERT — External Affairs Director Benelux / bijzondere volmacht
2022
Annual accounts 202210,6 M €↑
28/06/2022
reconductionPwC Bedrijfsrevisoren BV — commissaris
28/06/2022
nominationBart Van Gompel — vertegenwoordiger van de commissaris
2021
Annual accounts 2021-11,7 M €↑
2020
Annual accounts 2020-23,2 M €↓
2019
Annual accounts 20194,3 M €↓
2018
Annual accounts 20185,2 M €↑
2017
Annual accounts 20173,8 M €↓
2016
Annual accounts 20164,5 M €↑
2015
Annual accounts 20153,9 M €↓
2014
Annual accounts 20145 M €↑
2013
Annual accounts 20134,9 M €↑
2012
Annual accounts 20124,1 M €
26/05/1954
IncorporationPrivate limited company

Philip Morris Benelux

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