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 46 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Katoen Natie from Antwerpen, company number BE0404778426, closed financial year 2025 with a result of € 8.1 million after tax. For that financial year Katoen Natie recorded revenue of € 25.7 million and equity of € 488 million. Compared with financial year 2024, the result moved from € 17.1 million to € 8.1 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 488 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.1 million
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 6.6 million
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 16.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
40.7
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▲ 9% vs 2024
€ 96,100 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.
€ 1.8 million
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 196.7 million
▲ 7% vs 2024
Loans from banks and other lenders, long and short.
€ 6.5 million
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 1.5 million
▲ 112% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 28,056,678 | € 29,804,751 | € 25,046,047 | € 25,666,830 | ▲ 2% |
| Profit after taxes | € 165,452,876 | € 23,779,593 | € 17,082,805 | € 8,050,127 | ▼ 53% |
| Equity | € 485,794,736 | € 502,108,328 | € 496,410,947 | € 487,951,606 | ▼ 2% |
| Total debts | € 971,586,186 | € 762,509,310 | € 720,828,402 | € 815,139,348 | ▲ 13% |
| Cash | € 118,568,833 | € 44,620,861 | € 13,259,828 | € 6,612,332 | ▼ 50% |
| Land & buildings | € 11,290,800 | € 26,323,233 | € 25,072,181 | € 33,998,146 | ▲ 36% |
| Retained profit | € 183,354,736 | € 49,668,328 | € 43,970,947 | € 35,511,606 | ▼ 19% |
| Dividend | € 120,305,000 | € 157,466,002 | € 22,780,186 | € 16,509,468 | ▼ 28% |
| Bank debt | € 508,016,296 | € 402,296,169 | € 183,650,428 | € 196,744,374 | ▲ 7% |
| Balance sheet total | € 1,458,174,667 | € 1,265,233,530 | € 1,217,786,145 | € 1,303,495,810 | ▲ 7% |
| Employees (FTE) | 40.5 | 45.5 | 40.4 | 40.7 | ▲ 0.3 |
Key figures of Katoen Natie, 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 Katoen Natie?
What happened at Katoen Natie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Finanz Consulting BV stepped down as director. NBB
- Dirk MICHIELSENS stepped down as director. NBB
- Patrik Naenen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8.1 million (▼ 53% vs 2024). Source: NBB ↗
- Patrik Naenen became a director. NBB
- Finanz Consulting BV became a director. NBB
- Dirk MICHIELSENS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 165.5 million profit in 2022 to € 8.1 million profit in 2025.
Paid € 4.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 165.5 million profit.
Paid out € 317.1 million in dividends to the owners in total.
Management
The shares are held by Katoen Natie International SA (100%). It owns 100% of BENEDUW, 100% of TRAXLARS LOGISTICS, 100% of Transcolli, 100% of Distrilog Empreendimentos Comercio E Importacao Ltda, 100% of COCOAWAREHOUSING ZAANSTAD and 100% of Transport & Supply Chain Services Center itself.
Directors
According to the 2025 annual accounts
Director
Also active at: MUISBROEK, KATOEN NATIE BULK TERMINALS, GENERAL SERVICES ANTWERP, Katoen Natie Art
since 2021 · until 2027
Dirk MICHIELSENS
Director
Also active at: Riga Natie, Werf en Vlasnatie, EDWARD T. ROBERTSON (BELGIUM), Delta Container Services, KATOEN NATIE BULK TERMINALS, AUTOMOTIVE TRANSPORT AND SUPPLY CENTER, H.D. COTTERELL, SABEEN +7 more
since 2021 · until 2027
since 2023 · until 2027
Shareholders
Katoen Natie International SA
100%
Participations
100%
100%
100%
Distrilog Empreendimentos Comercio E Importacao Ltda
100%
COCOAWAREHOUSING ZAANSTAD
100%
100%
KATOEN NATIE MALAYSIA
100%
Katoen Natie France S.A.
100%
100%
100%
Interporto Rivalta Scrivia
99.8%
Katoen Natie Logistica Ltda
99%
72.5%
Katoen Natie Commodities (UCH)
70.5%
51.4%
Katoen Natie Italia S.R.L.
1%
Katoen Natie Iberica S.L.
0%
Establishments
Establishment units
Physical locations of this company
Van Aerdtstraat 33
2060 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →Scaldis Stevedoring Cy. Ltd.
€ 132,800 gross margin · 2025
AUTOMOTIVE CONTRACTORS
€ 3.3 million revenue · 2025
KATOEN NATIE TERMINALS
€ 97.4 million revenue · 2025
Service Organisatie Nascholing Joint Venture en Administratie
€ 74.3 million revenue · 2025
Antwerps Bevrachtings-, Expeditie en Stouwerijbedrijf
€ 22.6 million revenue · 2025
+20 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
- 0404.778.426
- VAT number
- BE 0404.778.426
- Registered office
- Van Aerdtstraat 33, 2060 Antwerpen
- Names & denominations
- Katoen Natie
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 26 Dec 2025
- Activities · NACE
Overige opslag
Opslag
Vrachtbehandeling in zeehavens
Goederenvervoer over de weg
Logistieke diensten
Douaneagentschappen
Overige vervoerondersteunende activiteiten