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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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TotalEnergies Refinery Antwerp from Antwerpen, company number BE0404586901, closed financial year 2025 with a result of € 3.5 million after tax. For that financial year TotalEnergies Refinery Antwerp recorded revenue of € 841.5 million and equity of € 149.6 million. Compared with financial year 2024, the result moved from € 27.3 million to € 3.5 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 149.6 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.5 million
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 80.3 million
▼ 28% 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 € 738,758.
People and assets in 2025
1,232.3
▼ 7.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 246.5 million
€ 200,000 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.
€ 1.3 million
▲ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 430 million
Loans from banks and other lenders, long and short.
€ 316.9 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 152 days on average.
€ 49.2 million
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,060,572,077 | € 919,523,804 | € 867,230,504 | € 841,507,288 | ▼ 3% |
| Profit after taxes | € -102,227,602 | € -73,290,832 | € 27,316,577 | € 3,504,038 | ▼ 87% |
| Equity | € 192,193,806 | € 118,831,035 | € 146,080,835 | € 149,574,873 | ▲ 2% |
| Total debts | € 850,450,505 | € 803,999,332 | € 761,804,352 | € 810,153,980 | ▲ 6% |
| Cash | € 65,479,426 | € 54,909,533 | € 110,762,307 | € 80,257,084 | ▼ 28% |
| Land & buildings | € 35,292,604 | € 45,011,222 | € 56,898,595 | € 60,375,404 | ▲ 6% |
| Retained profit | € 43,208,975 | € -30,081,857 | € -2,765,280 | € 738,758 | ▲ € 3.5 million |
| Bank debt | € 359,006,197 | € 439,006,197 | € 430,006,197 | € 430,006,197 | |
| Balance sheet total | € 1,166,253,503 | € 1,084,300,852 | € 1,092,999,290 | € 1,070,771,319 | ▼ 2% |
| Employees (FTE) | 1,225.6 | 1,240.3 | 1,239.8 | 1,232.3 | ▼ 7.5 |
Key figures of TotalEnergies Refinery Antwerp, 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 TotalEnergies Refinery Antwerp?
What happened at TotalEnergies Refinery Antwerp in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benoît Lallemand stepped down as director. NBB
- Thomas Maurisse stepped down as director. NBB
- Ann Veraverbeke stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.5 million (▼ 87% vs 2024). Source: NBB ↗
- Jean-Marc Durand stepped down as director. NBB
- Thomas Maurisse became a director. NBB
- Benoît Lallemand became a director. NBB
- Johan De Craene stepped down as director. NBB
In short
From € 102.2 million loss in 2022 to € 3.5 million profit in 2025.
Paid € 10.5 million in corporate taxes since 2022.
Best year ever: 2024, with € 27.3 million profit.
Pays suppliers within 152 days on average.
Management
The stake of TotalEnergies Petrochemicals & Refining comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TotalEnergies Refinery AntwerpThe shares are held by TotalEnergies Petrochemicals & Refining (100%).
Directors
According to the 2025 annual accounts
Benoît Lallemand
Director
since 2025 · until 2028
Jean-Marc Durand
Chairman of the board
since 2022 · until 2026
Thomas Maurisse
Chairman of the board
since 2026 · until 2028
Johan De Craene
Director
since 2022 · until 2025
Ann Veraverbeke
Director
since 2024 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Scheldelaan 16
2030 Antwerpen
Kwarikweg(MEL) 1
9120 Beveren-Kruibeke-Zwijndrecht
Active since 14 November 1988
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
- 0404.586.901
- VAT number
- BE 0404.586.901
- Registered office
- Scheldelaan 16, 2030 Antwerpen
- Names & denominations
- TotalEnergies Refinery Antwerp · TERA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 1949
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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