Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2022; threshold 65 %.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
Philip Morris Benelux from Antwerpen, company number BE0403196039, closed financial year 2022 with a result of € 10.6 million after tax. For that financial year Philip Morris Benelux recorded revenue of € 3.3 billion and equity of € -11.1 million. Compared with financial year 2021, the result moved from € -11.7 million to € 10.6 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2023.
€ -11.1 million
▲ € 10.6 million vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10.6 million
▲ still € 11.7 million loss in 2021
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € -21.5 million.
People and assets in 2022
178.7
▲ 3.4 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 28.7 million
▲ 3% vs 2021
€ 160,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 362,661
▼ 27% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 3.2 million
▲ 13% vs 2021
Loans from banks and other lenders, long and short.
€ 186.7 million
▲ 160% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 795.3 million
▲ 52% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 3,310,262,855 | € 3,346,806,190 | ▲ 1% |
| Profit after taxes | € -11,700,722 | € 10,577,523 | ▲ € 22.3 million |
| Equity | € -21,702,836 | € -11,125,312 | ▲ € 10.6 million |
| Total debts | € 598,050,914 | € 985,241,623 | ▲ 65% |
| Retained profit | € -32,040,836 | € -21,463,312 | ▲ € 10.6 million |
| Bank debt | € 2,846,741 | € 3,205,642 | ▲ 13% |
| Balance sheet total | € 592,718,068 | € 976,964,220 | ▲ 65% |
| Employees (FTE) | 175.3 | 178.7 | ▲ 3.4 |
Key figures of Philip Morris Benelux, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Philip Morris Benelux?
What happened at Philip Morris Benelux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: profit of € 10.6 million. Source: NBB ↗
- Miguel Matos became a director. NBB
- Konstantinos Papagiannopoulos became a director. NBB
- Stefan Bauer became a director. NBB
- New establishment in Antwerpen. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 11.7 million loss in 2021 to € 10.6 million profit in 2022.
Paid € 7.6 million in corporate taxes since 2021.
Best year ever: 2022, with € 10.6 million profit.
Pays suppliers within 21 days on average.
Management
Behind Philip Morris Benelux are Stefan Bauer, Konstantinos Papagiannopoulos and Miguel Matos. The shares are held by Philip Morris Switzerland Sarl BO (100%) and Philip Morris Products SA BO (0%).
Directors
According to the 2022 annual accounts
Stefan Bauer
Manager
since 2019
Konstantinos Papagiannopoulos
Manager
since 2020
Miguel Matos
Manager
since 2021
Shareholders
Philip Morris Switzerland Sarl BO
100%
Philip Morris Products SA BO
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Borsbeeksebrug 24
2600 Antwerpen
Montoyerstraat 51
1000 Brussel
Active since 1 May 2004
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.196.039
- VAT number
- BE 0403.196.039
- Registered office
- Borsbeeksebrug 24, 2600 Antwerpen
- Names & denominations
- Philip Morris Benelux
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 May 1954
- Peppol
- Active · Active since 25 Sept 2025
- Activities · NACE
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