ACTIVE

FedEx Express Belgium Air Hub

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Financial year 2025 · Closed on 31/05/2025

Net result4,1 M €-12,6 %over 1 year
Revenue125,7 M €+5,9 %over 1 year
Equity128,4 M €+0,0 %over 1 year
Workforce1 167,7 ETP+4,7 %over 1 year

Identity

Source · BCE/KBO

FedEx Express Belgium Air Hub is a Private limited company incorporated in 1996. Its main activity is: Cargo handling. Its registered office is in Grâce-Hollogne. It employs on average 1 167,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0458.858.302
Incorporation
04/10/1996
Legal form
Private limited company
Registered office
Rue de l'Aéroport 90
4460 Grâce-Hollogne · WallonieSee on map
Contributed capital
75 061 500,00 €
Latest accounts
31/05/2025
Average workforce
1 167,7 ETP
Joint committees (1)
  • 31502
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 17 financial years

20252024202320222020
Income statement
Revenue125,7 M €118,7 M €116,4 M €142,5 M €129,8 M €
EBITDA17,1 M €17,7 M €21 M €20,2 M €18,7 M €
Operating result3,5 M €3,2 M €5,8 M €6 M €5,6 M €
Net result4,1 M €4,6 M €4,1 M €2,5 M €3 M €
Balance sheet
Equity128,4 M €128,4 M €127,9 M €125,9 M €121 M €
Total assets159,4 M €159,9 M €157,4 M €192 M €147,9 M €
Cash1,1 M €1,1 M €5,4 M €93,2 k €420 k €
Debts30 M €30,5 M €23,3 M €23,6 M €26,6 M €
Other
Workforce1 167,7 ETP1 114,8 ETP1 090,9 ETP1 425,9 ETP1 535,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/05/2025

6 active · 40 ended

Active mandates

Marius Mathijs Pennincks

Director · since 10 décembre 2024

Active
Olivier DE WAELE

Director · since 15 avril 2024

Active
Armanda POST

Director · since 23 janvier 2023

Active
Miguel CORTES Y FLORES

Director · since 23 janvier 2023 · until 10 décembre 2024

Active
Sara MERTENS

Director · since 23 janvier 2023

Active
Rudi LOONTIENS

Director · since 28 mars 2016

Active

Ended mandates

Baptiste DE DREE

Director · since 23 janvier 2023

Ended
Miguel CORTES Y FLORES

Director · since 23 janvier 2023

Ended
Leendert CREYF

Director · since 15 décembre 2021 · until 23 janvier 2023

Ended
Leendert CREYF

Director · since 15 décembre 2021

Ended

Other companies at this address

Rue de l'Aéroport 90 4460 Grâce-Hollogne
CompanyCBE no.
FONDS SOCIAL DU PERSONNEL DE T.N.T. EXPRESS WORLDWIDE (EURO HUB) N.V. S.A.● Active
0897.984.230

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/06/202401/06/202301/06/202201/06/202101/06/202001/06/2019
Closing of the financial year31/05/202531/05/202431/05/202331/05/202231/05/202131/05/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/12/202528/11/202430/11/202308/12/202222/11/202107/12/2020
General meeting28/11/202520/11/202422/11/202322/11/202227/10/202128/10/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/05/202528/11/202503/12/2025FrenchPDF
Full model31/05/202420/11/202428/11/2024FrenchPDF
Full model31/05/202322/11/202330/11/2023FrenchPDF
Full model31/05/202222/11/202208/12/2022FrenchPDF
Full model31/05/202127/10/202122/11/2021FrenchPDF
Full model31/05/202028/10/202007/12/2020FrenchPDF
Full model31/05/201931/10/201920/11/2019FrenchPDF
Full model31/05/201819/12/201831/12/2018FrenchPDF
Full modelCorrection31/05/201720/12/201728/12/2017FrenchPDF
Full model31/05/201701/12/201718/12/2017FrenchPDF
Full model31/12/201522/04/201606/06/2016FrenchPDF
Full model31/12/201424/04/201522/05/2015FrenchPDF
Full model31/12/201325/04/201427/05/2014FrenchPDF
Full model31/12/201226/04/201306/06/2013FrenchPDF
Full model31/12/201127/04/201221/05/2012FrenchPDF
Full model31/12/201022/04/201116/05/2011FrenchPDF
Full model31/12/200923/04/201017/05/2010FrenchPDF
Full model31/12/200824/04/200924/04/2009FrenchPDF
Full model31/12/200725/04/200826/05/2008FrenchPDF
Full model31/12/200601/06/200709/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/05/2025

6 active · 40 ended

Active mandates

Marius Mathijs Pennincks

Director · since 10 décembre 2024

Active
Olivier DE WAELE

Director · since 15 avril 2024

Active
Armanda POST

Director · since 23 janvier 2023

Active
Miguel CORTES Y FLORES

Director · since 23 janvier 2023 · until 10 décembre 2024

Active
Sara MERTENS

Director · since 23 janvier 2023

Active
Rudi LOONTIENS

Director · since 28 mars 2016

Active

Ended mandates

Baptiste DE DREE

Director · since 23 janvier 2023

Ended
Miguel CORTES Y FLORES

Director · since 23 janvier 2023

Ended
Leendert CREYF

Director · since 15 décembre 2021 · until 23 janvier 2023

Ended
Leendert CREYF

Director · since 15 décembre 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other25/09/2026
    —
    PDF
  • 27/08/2026
    —
    PDF
  • Mandates15/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/02/2025
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 15/04/2026
    nominationMieke Boon — Mandataire
  2. 31/01/2026
    nominationCosmin-Daniel Coman — administrateur
  3. 15/11/2025
    nominationJacques Anzardi — administrateur
  4. 2025
    Annual accounts 20254,1 M €↓
  5. 10/12/2024
    nominationMarius Mathijs Penninks — administrateur
  6. 29/11/2024
    nominationWim Van Gasse — commissaire
  7. 2024
    Annual accounts 20244,6 M €↑
  8. 15/04/2024
    nominationOlivier De Waele — administrateur
  9. 01/07/2023
    nominationHans Dorothée L. Vandeput — Mandataire
  10. 2023
    Annual accounts 20234,1 M €↑
  11. 22/05/2023
    nominationBernd Haaksman — Mandataire
  12. 22/05/2023
    nominationRebeca Wiadacz — Mandataire
  13. 22/05/2023
    nominationDominique Stevens — Mandataire
  14. 07/03/2023
    nominationBenedict Jorissen — Mandataire (Senior Manager Clearance Operations)
  15. 07/03/2023
    nominationSylvain Laguna — Mandataire (Manager Security)
  16. 07/03/2023
    nominationKatia Vandecauter — Mandataire (Security Specialist Senior)
  17. 07/03/2023
    nominationBen Vansichen — Mandataire (Security Specialist Senior)
  18. 23/01/2023
    nominationMiguel Cortes Y Flores — administrateur
  19. 23/01/2023
    nominationArmanda Post — administrateur
  20. 23/01/2023
    nominationSara Mertens — administrateur
  21. 23/01/2023
    nominationBaptiste De Dree — administrateur
  22. 23/11/2022
    reconductionErnst & Young Réviseurs d'Entreprises SRL — Commissaire
  23. 2022
    Annual accounts 20222,5 M €↓
  24. 2020
    Annual accounts 20203 M €↓
  25. 2019
    Annual accounts 20193,5 M €↓
  26. 2017
    Annual accounts 20174,2 M €↑
  27. 2015
    Annual accounts 20153,2 M €↑
  28. 2014
    Annual accounts 20143,1 M €↓
  29. 2013
    Annual accounts 20133,3 M €↑
  30. 2012
    Annual accounts 20123 M €↓
  31. 2011
    Annual accounts 20114,3 M €↑
  32. 2010
    Annual accounts 20102,9 M €↑
  33. 2009
    Annual accounts 2009996,2 k €↓
  34. 2008
    Annual accounts 20081,8 M €↓
  35. 2007
    Annual accounts 20072,8 M €↑
  36. 2006
    Annual accounts 20062 M €
  37. 04/10/1996
    IncorporationPrivate limited company