ACTIVE

Circle K Belgium

Financial year 2025 · Closed on 31/12/2025

Net result41,3 M €-30,1 %over 1 year
Revenue1,6 Md €-9,6 %over 1 year
Equity76,9 M €+3,3 %over 1 year
Workforce132,8 ETP+5,6 %over 1 year

Identity

Source · BCE/KBO

Circle K Belgium is a Public limited company incorporated in 2023. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Auderghem. It employs on average 132,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0803.261.750
Incorporation
28/06/2023
Legal form
Public limited company
Registered office
Rue Jules Cockx 10 box 13
1160 Auderghem · BruxellesSee on map
Contributed capital
70 633 980,00 €
Latest accounts
31/12/2025
Average workforce
132,8 ETP
Joint committees (1)
  • 211
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 3 filings

Trend over 3 financial years

202520242023
Income statement
Revenue1,6 Md €1,8 Md €957,2 M €
EBITDA52,2 M €66,4 M €20,3 M €
Operating result38,7 M €51 M €10,5 M €
Net result41,3 M €59,1 M €7,9 M €
Balance sheet
Equity76,9 M €74,5 M €78,7 M €
Total assets363,7 M €370,3 M €405,6 M €
Cash43 M €64 M €–
Debts279,2 M €286,4 M €316,6 M €
Other
Workforce132,8 ETP125,7 ETP111,0 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 31/12/2025

6 active · 4 ended

Active mandates

Jorn Madsen

Director · since 13 avril 2026 · until 08 juin 2029

Active
Mathieu Bolté

Director · since 13 avril 2026 · until 08 juin 2029

Active
Stéphane Decubber

Director · since 11 décembre 2024 · until 08 juin 2029

Active
Bernadette Spinoy

Director · since 03 janvier 2024 · until 08 juin 2029

Active
Christine Couture

Director · since 03 janvier 2024 · until 08 juin 2029

Active
Hans Olav HOIDAHL

Director · since 03 janvier 2024 · until 08 juin 2029

Active

Ended mandates

Denis Toulouse

Director · since 03 janvier 2024 · until 08 juin 2029

Ended
Jeremy Knights

Director · since 03 janvier 2024 · until 08 juin 2029

Ended
Mette Uglebjerg

Director · since 03 janvier 2024 · until 08 juin 2029

Ended
TotalEnergies Marketing Belgium

Director · since 28 juin 2023 · until 03 janvier 2024 · 0403.063.902

Ended

Other companies at this address

Rue Jules Cockx 10 1160 Auderghem
CompanyCBE no.
0409.202.220
BALNZ● Active
1022.382.572
0543.844.653
CONTIGO.IMMO● Active
0845.602.844
PHASIANUS● Active
0450.059.709
ProxiFleet● Active
0518.962.173
0427.916.686
0423.097.766

Full financial information

Source · NBB
202520242023
Type of accountFull modelFull modelFull model
Start of the financial year01/01/202501/01/202428/06/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months7 months
Filing date03/08/202622/07/202513/08/2024
General meeting12/06/202613/06/202514/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/06/202603/08/2026FrenchPDF
Full model31/12/202413/06/202522/07/2025FrenchPDF
Full model31/12/202314/06/202413/08/2024FrenchPDF

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 31/12/2025

6 active · 4 ended

Active mandates

Jorn Madsen

Director · since 13 avril 2026 · until 08 juin 2029

Active
Mathieu Bolté

Director · since 13 avril 2026 · until 08 juin 2029

Active
Stéphane Decubber

Director · since 11 décembre 2024 · until 08 juin 2029

Active
Bernadette Spinoy

Director · since 03 janvier 2024 · until 08 juin 2029

Active
Christine Couture

Director · since 03 janvier 2024 · until 08 juin 2029

Active
Hans Olav HOIDAHL

Director · since 03 janvier 2024 · until 08 juin 2029

Active

Ended mandates

Denis Toulouse

Director · since 03 janvier 2024 · until 08 juin 2029

Ended
Jeremy Knights

Director · since 03 janvier 2024 · until 08 juin 2029

Ended
Mette Uglebjerg

Director · since 03 janvier 2024 · until 08 juin 2029

Ended
TotalEnergies Marketing Belgium

Director · since 28 juin 2023 · until 03 janvier 2024 · 0403.063.902

Ended

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other25/08/2026
    Extrait de l'assemblée générale écrite
    PDF
  • Mandates08/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring13/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring13/11/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates07/11/2025
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other10/09/2025
    DIVERSEN
    PDF
  • Other10/09/2025
    DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 13/04/2026
    nominationJorn Madsen — administrateur
  2. 13/04/2026
    nominationMathieu Bolté — administrateur
  3. 01/01/2026
    nominationNathalie Baras — Directrice Générale ou CEO
  4. 2025
    Annual accounts 202541,3 M €↓
  5. 23/10/2025
    autre
  6. 20/10/2025
    nominationWerner Thys — Director Fuel
  7. 17/08/2025
    nominationCarmen Houard — Directeur Financier
  8. 2024
    Annual accounts 202459,1 M €↑
  9. 11/12/2024
    nominationStéphane Decubber — administrateur
  10. 2023
    Annual accounts 20237,9 M €
  11. 01/11/2023
    nominationKristel VAN DONGEN — Directrice People
  12. 01/11/2023
    nominationDidier DUBOIS — Directeur Général
  13. 01/11/2023
    nominationPeter HERMANS — Directeur Financier
  14. 01/11/2023
    nominationDanny BULENS — Directeur Développement
  15. 01/11/2023
    nominationJean SCHEIRMAN — Directeur Ventes et Logistique
  16. 01/11/2023
    nominationFabian PHILIPPART — Directeur SFS et Marketing
  17. 01/11/2023
    nominationKris LARDENOIT — Directeur Mobility Solutions
  18. 01/11/2023
    nominationTom GYS — Directeur Technique
  19. 28/06/2023
    IncorporationPublic limited company