Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Wolf Oil Corporation from Hemiksem, company number BE0403699350, closed financial year 2025 with a result of € 16.5 million after tax. For that financial year Wolf Oil Corporation recorded revenue of € 343 million and equity of € 41.3 million. Compared with financial year 2024, the result moved from € 11.9 million to € 16.5 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 41.3 million
▲ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16.5 million
▲ 38% vs 2024
Profit after tax over the fiscal year.
€ 1.8 million
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 39.2 million.
People and assets in 2025
74.6
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.5 million
▲ 10% vs 2024
€ 113,500 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.
€ 2 million
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 52.1 million
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 36.8 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 794,478
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 330,354,823 | € 343,473,284 | € 338,266,786 | € 343,002,488 | ▲ 1% |
| Profit after taxes | € 15,878,574 | € 11,923,823 | € 11,946,655 | € 16,520,097 | ▲ 38% |
| Equity | € 37,336,520 | € 32,880,344 | € 24,826,998 | € 41,347,095 | ▲ 67% |
| Total debts | € 88,592,696 | € 88,407,677 | € 108,081,864 | € 105,623,216 | ▼ 2% |
| Cash | € 97,366 | € 214,641 | € 1,258,762 | € 1,820,938 | ▲ 45% |
| Land & buildings | € 7,749,850 | € 8,387,199 | € 8,624,302 | € 8,647,805 | |
| Retained profit | € 35,175,215 | € 30,719,038 | € 22,665,692 | € 39,185,789 | ▲ 73% |
| Dividend | € 23,000,000 | € 16,380,000 | € 20,000,000 | € 0 | ▼ 100% |
| Bank debt | € 38,009,507 | € 41,508,076 | € 53,749,896 | € 52,104,441 | ▼ 3% |
| Balance sheet total | € 126,551,101 | € 121,914,020 | € 133,539,862 | € 147,606,311 | ▲ 11% |
| Employees (FTE) | 65.2 | 69.5 | 71.4 | 74.6 | ▲ 3.2 |
Key figures of Wolf Oil Corporation, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Wolf Oil Corporation?
What happened at Wolf Oil Corporation in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric Geerts stepped down as director. NBB
- Philippe Verellen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 16.5 million (▲ 38% vs 2024). Source: NBB ↗
- Eric Geerts became a director. NBB
- Philippe Verellen became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Hemiksem. KBO
In short
From € 15.9 million profit in 2022 to € 16.5 million profit in 2025.
Paid € 20.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 16.5 million profit.
Paid out € 59.4 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CHAMPION CHEMICALS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Wolf Oil CorporationThe shares are held by CHAMPION CHEMICALS (99%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Philippe Verellen
Managing director
Also active at: POORT VAN EMBLEM, INTERCAN, VIDEG, OILSCOPE, PHILCOTRANS, BOORTSIDE, CHAMPION CHEMICALS, PALM REAL ESTATE DEVELOPMENT +5 more
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Georges Gilliotstraat 52
2620 Hemiksem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.699.350
- VAT number
- BE 0403.699.350
- Registered office
- Georges Gilliotstraat 52, 2620 Hemiksem
- Names & denominations
- Wolf Oil Corporation
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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