ACTIVE

INDUSTRIAL FUEL TECHNOLOGY

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

+2.5% YoY

Gross margin

192,4 k €

-3.4% YoY

Equity

29 M €

+1.6% YoY

Workforce

0,0 ETP

What does INDUSTRIAL FUEL TECHNOLOGY do?

INDUSTRIAL FUEL TECHNOLOGY is a Private limited company incorporated in 1994. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.122.425

Incorporation

13/12/1994

Legal form

Private limited company

Registered office

D'Herbouvillekaai 100
2020 Antwerpen · FlandreSee on map

Contributed capital

2 975 822,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

46769Wholesale of other intermediate products· main 46869Wholesale trade, except of motor vehicles and motorcycles 51562Air transport 46710Wholesale of solid, liquid and gaseous fuels and related products 46810Wholesale trade, except of motor vehicles and motorcycles 51510Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	192,4 k €	-3.4%	199,2 k €	+41.4%	140,8 k €	+53.3%	91,9 k €	-12.4%	105 k €	+394%	-35,7 k €	-140%	88,8 k €	+1199%	6,8 k €	+1236%	511,5 €	-99.5%	105,9 k €	-36.8%	167,5 k €	-14.2%	195,3 k €	+0.7%	194 k €	+32.1%	146,8 k €	+18.7%	123,7 k €	-37.3%	197,3 k €	+703%	24,6 k €	-71.6%	86,5 k €	-31.6%	126,6 k €	+29.8%	97,5 k €
EBITDA	171,2 k €	+131%	74,1 k €	-44.3%	133 k €	+56.0%	85,3 k €	+264%	-51,9 k €	-38.7%	-37,4 k €	-144%	85,9 k €	+6115%	-1,4 k €	+19.1%	-1,8 k €	-102%	102,6 k €	-38.2%	166 k €	-14.5%	194,1 k €	+0.7%	192,8 k €	+32.4%	145,7 k €	+18.8%	122,6 k €	-37.5%	196,2 k €	+739%	23,4 k €	-72.1%	83,8 k €	-31.9%	123,1 k €	+36.4%	90,3 k €
Operating result	-35,6 k €	+50.8%	-72,3 k €	-80.2%	-40,1 k €	+24.1%	-52,9 k €	+54.2%	-115,6 k €	-9.2%	-105,9 k €	-251%	-30,2 k €	+5.5%	-31,9 k €	-4.4%	-30,6 k €	-135%	86,7 k €	-47.5%	165,1 k €	-15.0%	194,1 k €	+0.7%	192,8 k €	+32.4%	145,7 k €	+31.0%	111,3 k €	-37.4%	177,6 k €	+3571%	4,8 k €	-91.0%	53,6 k €	-24.1%	70,7 k €	+5.6%	66,9 k €
Net result	1,7 M €	+2.5%	1,7 M €	-33.5%	2,6 M €	-35.8%	4 M €	+39.3%	2,9 M €	-10.1%	3,2 M €	+15.3%	2,8 M €	+103%	1,4 M €	-71.8%	4,8 M €	+75.0%	2,8 M €	+13.7%	2,4 M €	-1.9%	2,5 M €	-15.7%	2,9 M €	+509%	481,3 k €	+0.9%	477 k €	-3.1%	492,2 k €	-86.4%	3,6 M €	+6582%	54,2 k €	-13.8%	62,9 k €	+14.0%	55,2 k €
Balance sheet
Equity	29 M €	+1.6%	28,5 M €	+4.8%	27,2 M €	+9.3%	24,9 M €	+3.7%	24 M €	+13.6%	21,1 M €	+7.1%	19,7 M €	+9.9%	18 M €	+4.7%	17,1 M €	+32.2%	13 M €	+0.4%	12,9 M €	+12.4%	11,5 M €	+146%	4,7 M €	-34.5%	7,1 M €	+7.2%	6,7 M €	+7.7%	6,2 M €	+42.2%	4,3 M €	+566%	652,8 k €	+9.1%	598,6 k €	+0.5%	595,7 k €
Total assets	30,3 M €	+4.7%	28,9 M €	+4.6%	27,7 M €	-1.4%	28,1 M €	+7.4%	26,1 M €	+18.3%	22,1 M €	+6.1%	20,8 M €	+11.4%	18,7 M €	+4.3%	17,9 M €	+6.2%	16,9 M €	-1.4%	17,1 M €	+2.5%	16,7 M €	+4.4%	16 M €	-0.2%	16 M €	-4.5%	16,7 M €	+48.3%	11,3 M €	-1.3%	11,4 M €	+105%	5,6 M €	+185%	2 M €	+86.8%	1 M €
Cash	42,6 k €	-90.5%	447,5 k €	+90.6%	234,8 k €	+61.7%	145,2 k €	+136%	61,6 k €	-95.4%	1,3 M €	+16.7%	1,2 M €	+9.5%	1,1 M €	-27.3%	1,4 M €	+9370%	15,3 k €	-91.5%	180,9 k €	+2170%	8 k €	-89.8%	78,4 k €	+504%	13 k €	-98.0%	648,5 k €	+592%	93,7 k €	-64.0%	260,1 k €	-35.9%	405,5 k €	-56.4%	928,9 k €	+654%	123,3 k €
Debts	1,3 M €	+219%	418,8 k €	-8.2%	456,4 k €	-85.7%	3,2 M €	+73.6%	1,8 M €	+91.9%	955,3 k €	-11.5%	1,1 M €	+50.7%	715,9 k €	-5.2%	755,2 k €	-80.5%	3,9 M €	-7.1%	4,2 M €	-19.4%	5,2 M €	-54.2%	11,3 M €	+27.8%	8,8 M €	-12.2%	10,1 M €	+97.2%	5,1 M €	-28.0%	7,1 M €	+44.1%	4,9 M €	+263%	1,4 M €	+201%	450,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Filip ENGELEN

Director · since 24 août 2022

Active

Ended mandates

Filip ENGELEN

Director · since 12 juillet 1999

Ended

Filip Engelen

Director

Ended

Filip Engelen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Alca Petroleum Company● Active	0404.560.769
Belgomazout● Active	0404.565.224
HERINVEST● Active	0795.271.227
PALLAS BELGIUM● Active	0464.760.157

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/07/2026	07/07/2025	06/08/2024	19/07/2023	14/07/2022	25/06/2021
General meeting	30/06/2026	16/06/2025	28/06/2024	30/06/2023	07/06/2022	01/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	06/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	14/07/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/06/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	22/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 3 ended

Active mandates

Filip ENGELEN

Director · since 24 août 2022

Active

Ended mandates

Filip ENGELEN

Director · since 12 juillet 1999

Ended

Filip Engelen

Director

Ended

Filip Engelen

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other22/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/01/2015
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/02/2014
KAPITAAL - AANDELEN
PDF
Capital / shares02/02/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20251,7 M €↑
2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20232,6 M €↓
2022
Annual accounts 20224 M €↑
2021
Annual accounts 20212,9 M €↓
2020
Annual accounts 20203,2 M €↑
2019
Annual accounts 20192,8 M €↑
2018
Annual accounts 20181,4 M €↓
2017
Annual accounts 20174,8 M €↑
2016
Annual accounts 20162,8 M €↑
2015
Annual accounts 20152,4 M €↓
2014
Annual accounts 20142,5 M €↓
2013
Annual accounts 20132,9 M €↑
2012
Annual accounts 2012481,3 k €↑
2011
Annual accounts 2011477 k €↓
2010
Annual accounts 2010492,2 k €↓
2009
Annual accounts 20093,6 M €↑
2008
Annual accounts 200854,2 k €↓
2007
Annual accounts 200762,9 k €↑
2006
Annual accounts 200655,2 k €
13/12/1994
IncorporationPrivate 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

INDUSTRIAL FUEL TECHNOLOGY

Overview

What does INDUSTRIAL FUEL TECHNOLOGY do?

Trend over 20 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