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

0 active · 15 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.

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Fadel Al Faraj
Director01/07/2015 → 21/09/2021
Nyns Jos
Director03/11/2014 → 25/09/2020
Pieter Ludo De Clerck
Director01/07/2013 → 25/09/2018
Bert Gillis
Director01/06/2013 → 25/09/2018

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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
Consolidated accounts31/03/201423/09/201425/09/2014DutchPDF
Full model31/03/201324/09/201325/09/2013DutchPDF
Consolidated accounts31/03/201324/09/201325/09/2013DutchPDF
Full model31/03/201225/09/201225/10/2012DutchPDF
Consolidated accounts31/03/201225/09/201229/10/2012DutchPDF
Full model31/03/201127/10/201124/11/2011DutchPDF
Consolidated accounts31/03/201127/10/201103/11/2011DutchPDF
Full model31/03/201022/09/201019/10/2010DutchPDF
Consolidated accounts31/03/201022/09/201011/10/2010DutchPDF
Full model31/03/200922/09/200902/10/2009DutchPDF
Consolidated accounts31/03/200917/11/200930/11/2009DutchPDF
Full model31/03/200823/09/200808/10/2008DutchPDF
Consolidated accounts31/03/200823/09/200808/10/2008DutchPDF
Full model31/03/200725/09/200711/10/2007DutchPDF
Consolidated accounts31/03/200725/09/200711/10/2007DutchPDF
Full model31/03/200626/09/200625/10/2006DutchPDF
Consolidated accounts31/03/200626/09/200625/10/2006DutchPDF
Full model31/03/200527/09/200527/10/2005DutchPDF
Consolidated accounts31/03/200527/09/200527/10/2005DutchPDF
Full model31/03/200428/09/200405/10/2004DutchPDF
Consolidated accounts31/03/200423/09/200415/10/2004DutchPDF
Full model31/03/200323/09/200330/09/2003DutchPDF
Consolidated accounts31/03/200323/09/200330/09/2003DutchPDF
Full model31/03/200224/09/200227/09/2002DutchPDF
Consolidated accounts31/03/200224/09/200225/10/2002DutchPDF
Full model31/03/200128/08/200119/10/2001DutchPDF
Consolidated accounts31/03/200128/08/200119/10/2001DutchPDF
Full model30/06/200028/11/200027/12/2000DutchPDF
Consolidated accounts30/06/200001/01/999927/12/2000DutchPDF
Full model30/06/199923/11/199928/01/2000DutchPDF
Full model30/06/199824/11/199831/12/1998French—
Full model30/06/199824/11/199831/12/1998Dutch—
Consolidated accounts30/06/199824/11/199831/12/1998French—
Consolidated accounts30/06/199824/11/199831/12/1998Dutch—
Full model30/06/199725/11/199719/12/1997French—
Full model30/06/199725/11/199719/12/1997Dutch—
Consolidated accounts30/06/199725/11/199719/12/1997French—
Consolidated accounts30/06/199725/11/199719/12/1997Dutch—
Full model30/06/199626/11/199630/12/1996French—
Full model30/06/199626/11/199630/12/1996Dutch—
Consolidated accounts30/06/199626/11/199630/12/1996French—
Consolidated accounts30/06/199626/11/199630/12/1996Dutch—
Full model30/06/199528/11/199519/12/1995Dutch—
Full model30/06/199528/11/199519/12/1995French—
Full model30/06/199422/11/199402/01/1995Dutch—
Full model30/06/199422/11/199402/01/1995French—
Full model30/06/199323/11/199315/12/1993Dutch—
Full model30/06/199323/11/199315/12/1993French—
Full model30/06/199224/11/199215/12/1992French—
Full model30/06/199224/11/199215/12/1992Dutch—
Full model30/06/199126/11/199120/02/1992Dutch—
Full model30/06/199126/11/199120/02/1992French—
Full model30/06/199027/11/199007/02/1991French—
Full model30/06/199027/11/199007/02/1991Dutch—
Full model30/06/198928/11/198928/12/1989French—
Full model30/06/198928/11/198928/12/1989Dutch—
Full model30/06/198822/11/198822/12/1988Dutch—
Full model30/06/198822/11/198822/12/1988French—
Full model30/06/198724/11/198723/12/1987Dutch—
Full model30/06/198724/11/198723/12/1987French—
Full model30/06/198625/11/198611/12/1986Dutch—
Full model30/06/198625/11/198611/12/1986French—
Full model31/12/198520/05/198628/05/1986French—
Full model31/12/198520/05/198628/05/1986Dutch—
Full model31/12/198421/05/198505/06/1985French—
Full model31/12/198421/05/198505/06/1985Dutch—
m904-p31/12/198315/05/198424/05/1984Dutch—
m904-p31/12/198315/05/198424/05/1984French—
m904-p31/12/198217/05/198320/05/1983Dutch—
m904-p31/12/198217/05/198320/05/1983French—
m904-p31/12/198118/05/198208/06/1982Dutch—
m904-p31/12/198118/05/198208/06/1982French—
m903-p31/12/198001/01/999918/06/1981Dutch—
m903-p31/12/198001/01/999918/06/1981French—
m903-p31/12/197901/01/999906/06/1980Dutch—
m903-p31/12/197901/01/999906/06/1980French—
m903-p31/12/197801/01/999913/06/1979French—
m903-p31/12/197801/01/999913/06/1979Dutch—
m903-p31/12/197701/01/999929/05/1978French—
m903-p31/12/197701/01/999929/05/1978Dutch—

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

0 active · 15 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.

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Fadel Al Faraj
Director01/07/2015 → 21/09/2021
Nyns Jos
Director03/11/2014 → 25/09/2020
Pieter Ludo De Clerck
Director01/07/2013 → 25/09/2018
Bert Gillis
Director01/06/2013 → 25/09/2018

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/08/2026
    Benoeming bestuurder
    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

Source · CBE, NBB annual accounts
Year
Identity
Incorporation1933
Name
Registered office
Annual accounts
Filings13 filings
Mandates
Fadel Al Faraj
Nyns Jos
Pieter Ludo De Clerck
Bert Gillis
Pierpaolo Furno
Azzam Al Mutawa
Koen Vankelst
Johan Innegraeve
Anthony Peter Saunders
Gerrit Ruitinga
Koen Van Kelst
Claude Herreman
and 3 more mandates
1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
KUWAIT PETROLEUM (Belgium)
No data
Director
Director
Director
Director
Director
Director
Director
Director
Director
Administrator - manager
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Desguinlei 100 bte 8, 2018 Antwerp-2018Current
CBE

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
KUWAIT PETROLEUM (Belgium)Current
accounts 2009 → 2025
Accounts 2025 · 2025-00523879

Events

  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