ACTIVE

RHENUS INTERMODAL SYSTEMS

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Financial year 2025 · closed on 31/12/2025
Net result
401,6 k €
-25.3% YoY
Revenue
69,5 M €
+21.4% YoY
Equity
8,8 M €
+4.8% YoY
Workforce
23,2 ETP
-7.2% YoY

What does RHENUS INTERMODAL SYSTEMS do?

RHENUS INTERMODAL SYSTEMS is a Public limited company incorporated in 1991. Its main activity is: Support activities for transportation. Its registered office is in Antwerpen. It employs on average 23,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0445.459.632
Incorporation
22/10/1991
Legal form
Public limited company
Registered office
Roderveldlaan 5
2600 Antwerpen · FlandreSee on map
Contributed capital
99 996,50 €
Latest accounts
31/12/2025
Average workforce
23,2 ETP
Activities (NACE)
52250Support activities for transportation· main52290Other transportation support activities63401Information service activities63403Information service activities
Joint committees (1)
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Revenue69,5 M €57,3 M €51,5 M €64,4 M €62 M €42,2 M €45,8 M €36,2 M €41,4 M €39,2 M €43,4 M €60,3 M €67,2 M €85,3 M €75,9 M €58,6 M €41,4 M €51,3 M €
EBITDA1 M €341,8 k €2,2 M €5,9 M €10 M €1,2 M €515,4 k €182,9 k €708,7 k €278,4 k €-362,1 k €280,1 k €811,8 k €1,8 M €1,1 M €1,6 M €1,1 M €394,6 k €
Operating result828,2 k €465,5 k €1,8 M €6,1 M €9,4 M €2,3 M €-1,1 M €170 k €657,8 k €231,5 k €-479,3 k €851,9 k €1,4 M €1,1 M €904,9 k €804,9 k €1,3 M €256,1 k €
Net result401,6 k €537,4 k €1,3 M €6 M €7,1 M €1,6 M €-1,2 M €63,3 k €441,4 k €278,8 k €-585,5 k €611,8 k €1,1 M €582 k €501 k €512,2 k €859,9 k €57,1 k €
Balance sheet
Equity8,8 M €8,4 M €7,8 M €15 M €9 M €4,5 M €2,9 M €4,1 M €4 M €3,6 M €3,3 M €3,9 M €3,3 M €2,1 M €2 M €1,5 M €1,2 M €317,1 k €
Total assets20,7 M €23,5 M €17 M €24,9 M €15,8 M €9 M €10 M €9,9 M €8,7 M €9,5 M €10,1 M €13,4 M €13,6 M €17 M €15,7 M €14 M €7,7 M €11,5 M €
Cash117,1 k €500 k €469,7 k €597,1 k €237,6 k €130,4 k €243,8 k €136,4 k €187,5 k €251,9 k €297,7 k €630,8 k €686,5 k €847 k €693,7 k €485,5 k €407,8 k €429,2 k €
Debts9,7 M €11,1 M €7,7 M €5,2 M €6,8 M €3,7 M €6,8 M €5,5 M €4,4 M €5,6 M €6,6 M €8,5 M €9,4 M €14,7 M €12 M €9,8 M €3,4 M €6,6 M €
Other
Workforce23,2 ETP25,0 ETP26,6 ETP32,9 ETP33,0 ETP33,0 ETP30,6 ETP46,0 ETP40,6 ETP47,2 ETP54,0 ETP55,3 ETP43,3 ETP93,8 ETP81,5 ETP78,6 ETP19,9 ETP19,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 32 ended

Active mandates

Christoph Dullaert

Director · since 15 juin 2021 · until 15 juin 2027

Active
Raf De Schutter

Director · since 15 juin 2021 · until 15 juin 2027

Active

Ended mandates

VIAPORT

Director · since 16 octobre 2023 · until 31 mai 2024 · 1001.056.331

Represented by Kristof Kenis

Ended
Kristof Kenis

Director · since 21 juin 2022 · until 20 juin 2028

Ended
MARDEST

Director · since 19 juin 2019 · until 17 juin 2025 · 0474.795.501

Ended
MARDEST

Managing director · since 19 juin 2019 · until 17 juin 2025 · 0474.795.501

Represented by Martin De Sterck

Ended
At this address

Other companies at this address

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0402.610.970
CFNR Antwerpen● Active
0660.803.095
Maatschap GGI● Active
0793.633.016
RHENUS AIR & OCEAN● Active
0404.804.061
Rhenus Assets I● Active
1005.352.639
Rhenus Assets II● Active
1005.387.875
Rhenus High Tech● Active
0474.165.001
RHENUS HOLDING BELGIUM● Active
0456.850.105
RHENUS SHARED SERVICE CENTER● Active
0404.508.806
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202624/06/202526/06/202426/06/202306/07/202221/06/2021
General meeting16/06/202617/06/202518/06/202420/06/202321/06/202215/06/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/06/202622/06/2026DutchPDF
Full model31/12/202417/06/202524/06/2025DutchPDF
Full model31/12/202318/06/202426/06/2024DutchPDF
Full model31/12/202220/06/202326/06/2023DutchPDF
Full model31/12/202121/06/202206/07/2022DutchPDF
Full model31/12/202015/06/202121/06/2021DutchPDF
Full model31/12/201930/06/202014/07/2020DutchPDF
Full model31/12/201818/06/201912/07/2019DutchPDF
Full model31/12/201716/05/201830/05/2018DutchPDF
Full model31/12/201617/05/201707/06/2017DutchPDF
Full model31/12/201518/05/201603/06/2016DutchPDF
Full model31/12/201420/05/201523/06/2015DutchPDF
Full model31/12/201321/05/201429/07/2014DutchPDF
Full model31/12/201215/05/201308/07/2013DutchPDF
Full model31/12/201116/05/201217/07/2012DutchPDF
Full model31/12/201018/05/201112/07/2011DutchPDF
Full model31/12/200919/05/201029/07/2010DutchPDF
Full model31/12/200820/05/200910/07/2009DutchPDF
Full model31/12/200722/04/200829/08/2008DutchPDF
Full model31/12/200616/03/200714/05/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 32 ended

Active mandates

Christoph Dullaert

Director · since 15 juin 2021 · until 15 juin 2027

Active
Raf De Schutter

Director · since 15 juin 2021 · until 15 juin 2027

Active

Ended mandates

VIAPORT

Director · since 16 octobre 2023 · until 31 mai 2024 · 1001.056.331

Represented by Kristof Kenis

Ended
Kristof Kenis

Director · since 21 juin 2022 · until 20 juin 2028

Ended
MARDEST

Director · since 19 juin 2019 · until 17 juin 2025 · 0474.795.501

Ended
MARDEST

Managing director · since 19 juin 2019 · until 17 juin 2025 · 0474.795.501

Represented by Martin De Sterck

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office29/09/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring06/03/2024
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates05/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring24/11/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates24/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2023
    ONTSLAGEN - BENOEMINGEN
    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. 2025
    Annual accounts 2025401,6 k €↓
  2. 2024
    Annual accounts 2024537,4 k €↓
  3. 2023
    Annual accounts 20231,3 M €↓
  4. 2022
    Annual accounts 20226 M €↓
  5. 2021
    Annual accounts 20217,1 M €↑
  6. 2020
    Annual accounts 20201,6 M €↑
  7. 2019
    Annual accounts 2019-1,2 M €↓
  8. 2018
    Annual accounts 201863,3 k €↓
  9. 2017
    Annual accounts 2017441,4 k €↑
  10. 2016
    Annual accounts 2016278,8 k €↑
  11. 2016
    Name changeRhenus Intermodal Systems NV
  12. 2015
    Annual accounts 2015-585,5 k €↓
  13. 2014
    Annual accounts 2014611,8 k €↓
  14. 2013
    Annual accounts 20131,1 M €↑
  15. 2012
    Annual accounts 2012582 k €↑
  16. 2011
    Annual accounts 2011501 k €↓
  17. 2010
    Annual accounts 2010512,2 k €↓
  18. 2009
    Annual accounts 2009859,9 k €↑
  19. 2008
    Annual accounts 200857,1 k €
  20. 2008
    Name changeMAXX INTERMODAL SYSTEMS
  21. 22/10/1991
    IncorporationPublic limited company