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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Kuehne + Nagel from Antwerpen, company number BE0404531966, closed financial year 2025 with a result of € 7.2 million after tax. For that financial year Kuehne + Nagel recorded revenue of € 563.7 million and equity of € 14.2 million. Compared with financial year 2024, the result moved from € 3 million to € 7.2 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 22, 2026.
€ 14.2 million
▲ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.2 million
▲ 141% vs 2024
Profit after tax over the fiscal year.
€ 45.4 million
▼ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3 million paid out
41 % of the profit went to the shareholders, mostly to Kuehne + Nagel S.A.R.L. (100 % of the shares). That is where the money ends up.
People and assets in 2025
996.7
▲ 6.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 85.6 million
▼ 1% vs 2024
€ 85,800 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.
€ 1.4 million
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▼ 59% vs 2024
Loans from banks and other lenders, long and short.
€ 81.3 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 16.7 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,027,110,015 | € 689,639,974 | € 615,722,088 | € 563,679,629 | ▼ 8% |
| Profit after taxes | € 9,893,813 | € 23,761,239 | € 3,012,705 | € 7,248,085 | ▲ 141% |
| Equity | € 28,729,770 | € 30,741,009 | € 9,993,714 | € 14,241,799 | ▲ 43% |
| Total debts | € 163,831,307 | € 111,175,194 | € 115,840,204 | € 114,172,589 | ▼ 1% |
| Cash | € 51,361,356 | € 59,590,675 | € 49,047,964 | € 45,405,453 | ▼ 7% |
| Land & buildings | € 1,819,115 | € 1,819,115 | € 1,819,115 | € 1,819,115 | |
| Retained profit | € 22,392,270 | € 24,403,509 | € 3,656,214 | € 7,904,299 | ▲ 116% |
| Dividend | € 0 | € 21,750,000 | € 23,760,000 | € 3,000,000 | ▼ 87% |
| Bank debt | € 0 | € 0 | € 5,961,981 | € 2,430,132 | ▼ 59% |
| Balance sheet total | € 195,955,947 | € 142,620,219 | € 136,656,764 | € 128,895,447 | ▼ 6% |
| Employees (FTE) | 957.7 | 1,076.2 | 990.6 | 996.7 | ▲ 6.1 |
Key figures of Kuehne + Nagel, 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 Kuehne + Nagel?
What happened at Kuehne + Nagel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kris MONNENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.2 million (▲ 141% vs 2024). Source: NBB ↗
- Kamila SIENKIEWICZ stepped down as director. NBB
- Simon BITTER became a director. NBB
- Alexis VAN CUTSEM became a director. NBB
- Kris MONNENS became a director. NBB
- New establishment in Beringen. KBO
- New establishment in Boortmeerbeek. KBO
In short
From € 9.9 million profit in 2022 to € 7.2 million profit in 2025.
Paid € 22.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 23.8 million profit.
Paid out € 48.5 million in dividends to the owners in total.
Management
Behind Kuehne + Nagel are Simon BITTER and Alexis VAN CUTSEM. The shares are held by Kuehne + Nagel S.A.R.L. (100%) and Kuehne + Nagel Investments B.V. (0%). It owns 100% of LOGISTICS KONTICH, 99.8% of KUEHNE+NAGEL FULFILLMENT and 0% of KUEHNE+NAGEL LOGISTICS itself.
Directors
According to the 2025 annual accounts
Simon BITTER
Director
Also active at: Kuehne + Nagel Fulfillment, NACORA INSURANCE BROKERS, LOGISTICS KONTICH, KUEHNE + NAGEL LOGISTICS
since 2025
Alexis VAN CUTSEM
Director
Also active at: NACORA INSURANCE BROKERS, LOGISTICS KONTICH, KUEHNE + NAGEL LOGISTICS
since 2025
Kamila SIENKIEWICZ
Director
Also active at: Kuehne + Nagel Fulfillment, NACORA INSURANCE BROKERS, LOGISTICS KONTICH, KUEHNE + NAGEL LOGISTICS
since 2020 · until 2026
Kris MONNENS
Director
Also active at: Kuehne + Nagel Fulfillment, NACORA INSURANCE BROKERS, LOGISTICS KONTICH, KUEHNE + NAGEL LOGISTICS
since 2024 · until 2029
Shareholders
Kuehne + Nagel S.A.R.L.
100%
Kuehne + Nagel Investments B.V.
0%
Participations
Establishments
Establishment units
Physical locations of this company
Borsbeeksebrug 30 box 1
2600 Antwerpen
Klaus-Michael Kuehnelaan 8
2440 Geel
Active since 1 January 2006
Rue Saint-Exupéry 17
4460 Grâce-Hollogne
Active since 1 January 2019
Rue de Capilône(H) 10
6220 Fleurus
Active since 1 December 2019
Mechelsesteenweg 4
1910 Kampenhout
Active since 12 February 2020
Bedrijvenzone Machelen-Cargo 833
1830 Machelen (Brab.)
Active since 1 July 2020
Industrieweg (H) 59
3980 Tessenderlo-Ham
Active since 20 October 2020
Rue du Trilogiport 4
4681 Oupeye
Active since 1 July 2021
Haachtsesteenweg 138
1820 Steenokkerzeel
Active since 1 December 2021
Rue du Trilogiport 6
4681 Oupeye
Active since 1 July 2021
Havenlaan 18
3980 Tessenderlo-Ham
Active since 17 February 2022
Brabantstraat 4
2870 Puurs-Sint-Amands
Active since 1 April 2023
Industrieweg 16
3190 Boortmeerbeek
Active since 1 July 2023
Havenlaan 10
3980 Tessenderlo-Ham
Active since 1 July 2023
Lossingstraat 7
3583 Beringen
Active since 1 December 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →KRUIDVAT
€ 779.5 million revenue · 2025
Kuehne + Nagel Fulfillment same network
€ 20.7 million revenue · 2025
NACORA INSURANCE BROKERS same network
€ 1.1 million revenue · 2025
M-Pharma
€ -5,098 gross margin · 2025
Teleperformance Belgium
€ 9.5 million gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.531.966
- VAT number
- BE 0404.531.966
- Registered office
- Borsbeeksebrug 30 bus 1, 2600 Antwerpen
- Names & denominations
- Kuehne + Nagel
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 1956
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Logistieke diensten
Expeditiekantoren
Overige vervoerondersteunende activiteiten