ACTIVE

KUWAIT PETROLEUM (Belgium)

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Financial year 2025 · Closed on 31/03/2025

Net result25 M €+236,1 %over 1 year
Revenue2,7 Md €-4,1 %over 1 year
Equity214,6 M €+13,2 %over 1 year
Workforce426,3 ETP+5,1 %over 1 year

Identity

Source · BCE/KBO

KUWAIT PETROLEUM (Belgium) is a Public limited company incorporated in 1933. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Antwerpen. It employs on average 426,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0404.584.525
Incorporation
20/06/1933
Legal form
Public limited company
Registered office
Desguinlei 100 box 8
2018 Antwerpen · FlandreSee on map
Contributed capital
55 552 361,00 €
Latest accounts
31/03/2025
Average workforce
426,3 ETP
Joint committees (2)
  • 117
  • 211
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 104 filings

Trend over 13 financial years

20252024202320222018
Income statement
Revenue2,7 Md €2,8 Md €3 Md €2,3 Md €1,9 Md €
EBITDA66 M €45,2 M €67 M €79,3 M €23,6 M €
Operating result40,6 M €17,5 M €44,5 M €46,5 M €6,3 M €
Net result25 M €7,4 M €41,1 M €40,5 M €7,9 M €
Balance sheet
Equity214,6 M €189,5 M €182,1 M €141 M €86,2 M €
Total assets628,7 M €626,2 M €649,5 M €760,4 M €504,9 M €
Cash2,8 M €22,5 M €11,9 M €2,8 M €1,2 M €
Debts383,4 M €400,7 M €431,4 M €573,1 M €392,2 M €
Other
Workforce426,3 ETP405,6 ETP395,1 ETP378,1 ETP319,7 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 31/03/2016

8 active · 13 ended

Last known composition, from the accounts closed on 31/03/2016, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Fadel Al Faraj

Director · since 01 juillet 2015 · until 21 septembre 2021

Active
Nyns Jos

Director · since 03 novembre 2014 · until 25 septembre 2020

Active
Pieter Ludo De Clerck

Director · since 01 juillet 2013 · until 25 septembre 2018

Active
Bert Gillis

Director · since 01 juin 2013 · until 25 septembre 2018

Active
Azzam Al Mutawa

Director · since 16 juillet 2012 · until 25 septembre 2018

Active
Pierpaolo Furno

Director · since 16 juillet 2012 · until 01 juillet 2015

Active
Anthony Peter Saunders

Director · since 19 septembre 2007 · until 25 septembre 2018

Active
Koenraad Vankelst

Director · since 12 juin 2007 · until 25 septembre 2018

Active

Ended mandates

Pierpaolo Furno

Director · since 16 juillet 2012 · until 25 septembre 2018

Ended
Koen Vankelst

Director · since 01 septembre 2009 · until 01 septembre 2013

Ended
Innegraeve Johan

Director · since 01 juillet 2008 · until 03 novembre 2014

Ended
Johan Innegraeve

Director · since 01 juillet 2008 · until 23 septembre 2014

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountConsolidated accountsFull modelConsolidated accountsConsolidated accountsConsolidated accountsConsolidated accounts
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/10/202508/09/202517/11/202323/12/202210/11/202116/12/2020
General meeting08/09/202530/09/202430/10/202318/11/202201/01/999916/10/2020
Currency of the financial yearUSDEURUSDUSDUSDUSD
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 104 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202523/09/202525/09/2025DutchPDF
Consolidated accounts31/03/202508/09/202513/10/2025DutchPDF
Full modelCorrection31/03/202430/09/202408/09/2025DutchPDF
Full model31/03/202430/09/202415/11/2024DutchPDF
Consolidated accounts31/03/202407/11/202418/11/2024DutchPDF
Full model31/03/202326/09/202311/10/2023DutchPDF
Consolidated accounts31/03/202330/10/202317/11/2023DutchPDF
Full model31/03/202227/09/202206/10/2022DutchPDF
Consolidated accounts31/03/202218/11/202223/12/2022DutchPDF
Full model31/03/202128/09/202126/10/2021DutchPDF
Consolidated accounts31/03/202101/01/999910/11/2021DutchPDF
Full model31/03/202022/09/202025/09/2020DutchPDF
Consolidated accounts31/03/202016/10/202016/12/2020DutchPDF
Full model31/03/201924/09/201921/10/2019DutchPDF
Consolidated accounts31/03/201915/10/201930/10/2019DutchPDF
Full model31/03/201825/09/201828/09/2018DutchPDF
Consolidated accounts31/03/201815/10/201822/11/2018DutchPDF
Full model31/03/201726/09/201728/09/2017DutchPDF
Consolidated accounts31/03/201731/10/201719/12/2017DutchPDF
Full model31/03/201627/09/201627/09/2016DutchPDF
Consolidated accounts31/03/201608/08/201618/10/2016DutchPDF
Full modelCorrection31/03/201522/09/201524/06/2016DutchPDF
Full model31/03/201522/09/201501/10/2015DutchPDF
Full model31/03/201423/09/201425/09/2014DutchPDF

View all 104 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 31/03/2016

8 active · 13 ended

Last known composition, from the accounts closed on 31/03/2016, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Fadel Al Faraj

Director · since 01 juillet 2015 · until 21 septembre 2021

Active
Nyns Jos

Director · since 03 novembre 2014 · until 25 septembre 2020

Active
Pieter Ludo De Clerck

Director · since 01 juillet 2013 · until 25 septembre 2018

Active
Bert Gillis

Director · since 01 juin 2013 · until 25 septembre 2018

Active
Azzam Al Mutawa

Director · since 16 juillet 2012 · until 25 septembre 2018

Active
Pierpaolo Furno

Director · since 16 juillet 2012 · until 01 juillet 2015

Active
Anthony Peter Saunders

Director · since 19 septembre 2007 · until 25 septembre 2018

Active
Koenraad Vankelst

Director · since 12 juin 2007 · until 25 septembre 2018

Active

Ended mandates

Pierpaolo Furno

Director · since 16 juillet 2012 · until 25 septembre 2018

Ended
Koen Vankelst

Director · since 01 septembre 2009 · until 01 septembre 2013

Ended
Innegraeve Johan

Director · since 01 juillet 2008 · until 03 novembre 2014

Ended
Johan Innegraeve

Director · since 01 juillet 2008 · until 23 septembre 2014

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/08/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/07/2026
    —
    PDF
  • Mandates11/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring27/03/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates10/03/2025
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202525 M €↑
  2. 30/09/2024
    reconductionKoenraad Vankelst — bestuurder
  3. 30/09/2024
    nominationBert Gillis — bestuurder
  4. 30/09/2024
    nominationManaf Bakhsh — bestuurder
  5. 2024
    Annual accounts 20247,4 M €↓
  6. 26/09/2023
    reconductionHannes Poelmans — commisaris
  7. 2023
    Annual accounts 202341,1 M €↑
  8. 27/09/2022
    reconductionFrank Rouwens — bestuurder
  9. 27/09/2022
    reconductionSven Dochez — bestuurder
  10. 27/09/2022
    reconductionFadel Al-Faraj — bestuurder
  11. 2022
    Annual accounts 202240,5 M €↑
  12. 01/04/2021
    nominationHannes Poelmans — vaste vertegenwoordiger (commissaris)
  13. 2018
    Annual accounts 20187,9 M €↓
  14. 2016
    Annual accounts 20169 M €↑
  15. 2015
    Annual accounts 2015-18,6 M €↑
  16. 2014
    Annual accounts 2014-45,6 M €↓
  17. 2013
    Annual accounts 2013-45 k €↑
  18. 2012
    Annual accounts 2012-12,6 M €↓
  19. 2011
    Annual accounts 201114,2 M €↑
  20. 2010
    Annual accounts 20101,3 M €↑
  21. 2009
    Annual accounts 2009-28,5 M €
  22. 20/06/1933
    IncorporationPublic limited company