ACTIVE

Katoen Natie

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Financial year 2025 · closed on 31/12/2025

Net result

8,1 M €

-52.9% YoY

Revenue

25,7 M €

+2.5% YoY

Equity

488,0 M €

-1.7% YoY

Workforce

40,7 ETP

+0.7% YoY

What does Katoen Natie do?

Katoen Natie is a Public limited company incorporated in 1968. Its main activity is: Freight transport by road. Its registered office is in Antwerpen. It employs on average 40,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.778.426

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Van Aerdtstraat 33
2060 Antwerpen · FlandreSee on map

Contributed capital

452 440 000,00 €

Latest accounts

31/12/2025

Average workforce

40,7 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 52100Warehousing and storage 52100Warehousing and storage 52241Cargo handling 60242Television programming and broadcasting activities+7

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	25,7 M €	+2.5%	25,0 M €	-16.0%	29,8 M €	+6.2%	28,1 M €	+10.7%	25,4 M €	+21.6%	20,8 M €	-23.0%	27,1 M €	+16.1%	23,3 M €	-70.4%	78,8 M €	+202%	26,1 M €	+5.8%	24,7 M €	+18.7%	20,8 M €	-60.8%	53,0 M €	+133%	22,7 M €	+62.9%	14,0 M €	-30.6%	20,1 M €	-0.8%	20,3 M €	+26.0%	16,1 M €	-17.4%	19,5 M €
EBITDA	-6,9 M €	+5.2%	-7,3 M €	-69.3%	-4,3 M €	+19.3%	-5,3 M €	-52.0%	-3,5 M €	-144%	-1,4 M €	-103%	41,8 M €	+3787%	-1,1 M €	-110%	11,4 M €	+1098%	951,1 k €	+155%	-1,7 M €	-127%	6,3 M €	+14.8%	5,5 M €	+62.1%	3,4 M €	+256%	-2,2 M €	-133%	6,5 M €	-23.2%	8,5 M €	+2730%	300,5 k €	-93.4%	4,5 M €
Operating result	-11,1 M €	+1.3%	-11,3 M €	-49.7%	-7,5 M €	+12.2%	-8,6 M €	-30.5%	-6,6 M €	-42.6%	-4,6 M €	-112%	39,0 M €	+1551%	-2,7 M €	-126%	10,4 M €	+7356%	-143,4 k €	+95.4%	-3,1 M €	-179%	3,9 M €	+41.1%	2,8 M €	+557%	424,3 k €	+108%	-5,2 M €	-292%	2,7 M €	-33.1%	4,0 M €	+309%	-1,9 M €	-158%	3,3 M €
Net result	8,1 M €	-52.9%	17,1 M €	-28.2%	23,8 M €	-85.6%	165,5 M €	+38.5%	119,4 M €	+17.9%	101,3 M €	-9.7%	112,2 M €	+418%	21,7 M €	+1.0%	21,5 M €	+182%	7,6 M €	+31.5%	5,8 M €	-52.3%	12,1 M €	+105%	5,9 M €	-47.9%	11,4 M €	+678%	1,5 M €	-97.6%	60,8 M €	+6365%	-970,3 k €	-103%	35,8 M €	+235%	10,7 M €
Balance sheet
Equity	488,0 M €	-1.7%	496,4 M €	-1.1%	502,1 M €	+3.4%	485,8 M €	+10.2%	440,6 M €	+37.2%	321,2 M €	+36.9%	234,7 M €	+23.3%	190,3 M €	+12.9%	168,6 M €	+14.8%	146,9 M €	+28.5%	114,3 M €	-17.5%	138,5 M €	+51.6%	91,4 M €	+6.9%	85,5 M €	+15.4%	74,1 M €	+6.7%	69,4 M €	+703%	8,6 M €	-53.6%	18,6 M €	+4.7%	17,8 M €
Total assets	1,3 Md €	+7.0%	1,2 Md €	-3.8%	1,3 Md €	-13.2%	1,5 Md €	-3.6%	1,5 Md €	+6.3%	1,4 Md €	+11.2%	1,3 Md €	-4.6%	1,3 Md €	+20.6%	1,1 Md €	+0.3%	1,1 Md €	+6.6%	1,0 Md €	+11.5%	932,7 M €	+59.2%	585,7 M €	-5.9%	622,7 M €	-17.5%	754,5 M €	+8.9%	692,6 M €	+6.3%	651,6 M €	+8.4%	601,2 M €	+22.2%	492,1 M €
Cash	6,6 M €	-50.1%	13,3 M €	-70.3%	44,6 M €	-62.4%	118,6 M €	-42.3%	205,6 M €	+536%	32,3 M €	-31.2%	47,0 M €	-44.2%	84,2 M €	+180%	30,0 M €	+66.9%	18,0 M €	+13.1%	15,9 M €	-90.9%	175,0 M €	+5558%	3,1 M €	-49.2%	6,1 M €	-11.3%	6,9 M €	+37.5%	5,0 M €	+422%	956,3 k €	-95.7%	22,2 M €	+1750%	1,2 M €
Debts	800,0 M €	+13.8%	702,7 M €	-6.4%	751,0 M €	-21.2%	953,2 M €	-10.2%	1,1 Md €	-3.0%	1,1 Md €	+6.1%	1,0 Md €	-9.3%	1,1 Md €	+21.4%	937,4 M €	-1.8%	954,9 M €	+3.8%	920,2 M €	+16.7%	788,2 M €	+62.9%	483,7 M €	-8.3%	527,7 M €	-19.0%	651,6 M €	+9.6%	594,5 M €	-3.3%	614,7 M €	+11.1%	553,3 M €	+23.6%	447,8 M €
Other
Workforce	40,7 ETP	+0.7%	40,4 ETP	-11.2%	45,5 ETP	+12.3%	40,5 ETP	+9.5%	37,0 ETP	-11.9%	42,0 ETP	+8.0%	38,9 ETP	+13.1%	34,4 ETP	+1.2%	34,0 ETP	-0.9%	34,3 ETP	-8.0%	37,3 ETP	+6.3%	35,1 ETP	-0.6%	35,3 ETP	-0.3%	35,4 ETP	+2.3%	34,6 ETP	0.0%	34,6 ETP	-12.6%	39,6 ETP	-5.3%	41,8 ETP	+6.1%	39,4 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 31/12/2025 · 3 active · 18 ended

Active mandates

Patrik Naenen

Director · since 31 octobre 2023 · until 25 juin 2027

Active

Dirk MICHIELSENS

Director · since 25 juin 2021 · until 25 juin 2027

Active

FINANZ CONSULTING

Director · since 25 juin 2021 · until 25 juin 2027 · 0654.968.546

Active

Ended mandates

Dirk LANNOO

Director · since 25 juin 2021 · until 25 juin 2027

Ended

Fabian LEROY

Director · since 25 juin 2021 · until 25 juin 2027

Ended

FINANZ CONSULTING

Director · since 15 juillet 2016 · until 25 juin 2021 · 0654.968.546

Represented by Filip Callens

Ended

FINANZ CONSULTING

Director · since 15 juillet 2016 · until 25 juin 2021 · 0654.968.546

Represented by Filip Callens

Ended

At this address

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ENTAGRI● Active	0420.624.959
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Feka● Active	0422.785.386
HANNIBAL BOOKS● Active	0821.577.924
H.R. CONSULTING● Active	0455.154.781
Katoen Natie Art● Active	0757.817.448
KATOEN NATIE CUSTOMS SERVICES● Active	0435.652.437
KATOENNATIE-JAN DE NUL-ENVISAN● Active	0892.021.205
KATOEN NATIE TERMINALS● Active	0406.371.503
Lodewijk - Robert - Maria● Active	1012.395.928
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Annual accounts

Full financial information

	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	07/07/2026	03/07/2025	30/07/2024	21/08/2023	01/08/2022	30/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	07/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	30/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	21/08/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	01/08/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	30/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	11/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	01/08/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	24/08/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	24/08/2015	Dutch	PDF
Full modelCorrection	31/12/2013	27/06/2014	05/01/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	21/08/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	23/08/2013	Dutch	PDF
Full modelCorrection	31/12/2011	29/06/2012	23/10/2012	Dutch	PDF
Full model	31/12/2011	29/06/2012	10/08/2012	Dutch	PDF
Full model	30/12/2010	24/06/2011	09/08/2011	Dutch	PDF
Full model	30/12/2009	25/06/2010	03/08/2010	Dutch	PDF
Full model	30/12/2008	26/06/2009	11/08/2009	Dutch	PDF
Full modelCorrection	30/12/2007	27/06/2008	15/04/2009	Dutch	PDF
Full model	30/12/2007	27/06/2008	30/07/2008	Dutch	PDF
Full model	30/12/2006	29/06/2007	30/08/2007	Dutch	PDF

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 31/12/2025 · 3 active · 18 ended

Active mandates

Patrik Naenen

Director · since 31 octobre 2023 · until 25 juin 2027

Active

Dirk MICHIELSENS

Director · since 25 juin 2021 · until 25 juin 2027

Active

FINANZ CONSULTING

Director · since 25 juin 2021 · until 25 juin 2027 · 0654.968.546

Active

Ended mandates

Dirk LANNOO

Director · since 25 juin 2021 · until 25 juin 2027

Ended

Fabian LEROY

Director · since 25 juin 2021 · until 25 juin 2027

Ended

FINANZ CONSULTING

Director · since 15 juillet 2016 · until 25 juin 2021 · 0654.968.546

Represented by Filip Callens

Ended

FINANZ CONSULTING

Director · since 15 juillet 2016 · until 25 juin 2021 · 0654.968.546

Represented by Filip Callens

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares02/01/2024
KAPITAAL - AANDELEN
PDF
Mandates14/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/12/2020
KAPITAAL - AANDELEN
PDF
Mandates31/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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

2025
Annual accounts 20258,1 M €↓
2024
Annual accounts 202417,1 M €↓
2023
Annual accounts 202323,8 M €↓
04/12/2023
augmentation_capital
31/10/2023
nominationPatrik Naenen — bestuurder
30/06/2023
nominationRonald Van den Ecker — vaste vertegenwoordiger
2022
Annual accounts 2022165,5 M €↑
2021
Annual accounts 2021119,4 M €↑
2020
Annual accounts 2020101,3 M €↓
2019
Annual accounts 2019112,2 M €↑
2018
Annual accounts 201821,7 M €↑
2017
Annual accounts 201721,5 M €↑
2016
Annual accounts 20167,6 M €↑
2015
Annual accounts 20155,8 M €↓
2014
Annual accounts 201412,1 M €↑
2013
Annual accounts 20135,9 M €↓
2012
Annual accounts 201211,4 M €↑
2011
Annual accounts 20111,5 M €↓
2010
Annual accounts 201060,8 M €↑
2009
Annual accounts 2009-970,3 k €↓
2008
Annual accounts 200835,8 M €↑
2007
Annual accounts 200710,7 M €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Katoen Natie

Overview

What does Katoen Natie do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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