Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Molenbergnatie from Antwerpen, company number BE0404785354, closed financial year 2025 with a result of € -3.7 million after tax. For that financial year Molenbergnatie recorded revenue of € 57 million and equity of € -233,176. Compared with financial year 2024, the result moved from € -1.2 million to € -3.7 million. The company made a loss. 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 September 16, 2026.
€ -233,176
▼ € 3.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.7 million
▼ 210 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,130
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.9 million.
People and assets in 2025
62
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.4 million
▲ 1% vs 2024
€ 86,800 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.
€ 199,773
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9 million
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 717,265
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 74,300,899 | € 57,880,789 | € 53,797,174 | € 57,046,761 | ▲ 6% |
| Profit after taxes | € -331,783 | € -2,474,672 | € -1,190,611 | € -3,696,397 | ▼ € 2.5 million |
| Equity | € 4,128,504 | € 4,653,832 | € 3,463,221 | € -233,176 | ▼ € 3.7 million |
| Total debts | € 32,279,762 | € 26,524,970 | € 30,501,611 | € 31,851,838 | ▲ 4% |
| Cash | € 5,988 | € 18,729 | € 3,597 | € 3,130 | ▼ 13% |
| Retained profit | € 3,427,504 | € 952,832 | € -237,779 | € -3,934,177 | ▼ € 3.7 million |
| Bank debt | € 5,291,733 | € 5,732,807 | € 2,240,095 | € 0 | ▼ 100% |
| Balance sheet total | € 36,408,266 | € 33,113,412 | € 33,964,832 | € 31,618,661 | ▼ 7% |
| Employees (FTE) | 63 | 67.7 | 62.8 | 62 | ▼ 0.8 |
Key figures of Molenbergnatie, 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 Molenbergnatie?
What happened at Molenbergnatie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Victor Portela De Oliveira stepped down as director. NBB
- Raphaël Van Ruijssevelt stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.7 million. filed late Source: NBB ↗
- Hervé Sahores stepped down as director. NBB
- Victor Portela De Oliveira became a director. NBB
- Raphaël Van Ruijssevelt became a director. NBB
- Davy Gorselé Advocaat BV stepped down as director. NBB
- Davy Gorselé Advocaat BV became a director. NBB
In short
From € 331,783 loss in 2022 to € 3.7 million loss in 2025.
Paid € 18,981 in corporate taxes since 2022.
Pays suppliers within 58 days on average.
Management
The stake of ILOMAR HOLDING, 4STOX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MolenbergnatieThe shares are held by ILOMAR HOLDING (100%) and 4STOX (0%). It owns 100% of MOLENBERGNATIE ESPANA and 0.2% of 4STOX itself.
Directors
According to the 2025 annual accounts
since 2019 · until 2026
since 2026 · until 2033
Raphaël Van Ruijssevelt
Director
Also active at: 4STOX, AFRIMAR, ILOMAR HOLDING, Port Real Estate Solutions, VISUAL SAFETY, QUIRAN, ANTWERP COFFEE & COCOA LOGISTICS, PACORINI ANTWERP
since 2026 · until 2033
Managing director · represented by Charles Contamine
Also active at: MSC GLOBAL SUPPLIES BELGIUM
since 2014 · until 2025
Director · represented by Davy Gorselé
Also active at: 4STOX, AFRIMAR, Port Real Estate Solutions, DGA Beheer, QNG, 1880
since 2025 · until 2026
Toon Pauwels
Director
Also active at: Centrale der Werkgevers aan de Haven van Antwerpen, Sociale Inrichting der Werkgevers aan de Haven van Antwerpen, 4STOX, AFRIMAR, ILOMAR HOLDING, Port Real Estate Solutions
since 2022 · until 2025
Shareholders
100%
0%
Participations
MOLENBERGNATIE ESPANA
100%
0.2%
Establishments
Establishment units
Physical locations of this company
Noorderlaan 121
2030 Antwerpen
Malagastraat 14
2030 Antwerpen
Active since 1 January 2013
Noorderlaan 614
2030 Antwerpen
Active since 1 January 2013
Klein Zuidland 9
2030 Antwerpen
Active since 1 January 2013
Moerstraat 3
2030 Antwerpen
Active since 1 January 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →EUROPEAN MARKET DEVELOPMENT
€ 480,907 gross margin · 2025
AFRIMAR same network
€ 15.4 million revenue · 2025
ILOMAR HOLDING same network
€ 4.2 million revenue · 2025
LCL Global
€ 399,688 gross margin · 2022
Port Real Estate Solutions same network
€ 8.7 million revenue · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
DNS
AWS Route 53
Domain
Domain
molenbergnatie.com
Registered
1999-11-03
Registrar
Amazon Registrar, Inc.
Expires
2026-11-03
Website info
Features
Security
Details
- Company number
- 0404.785.354
- VAT number
- BE 0404.785.354
- Registered office
- Noorderlaan 121, 2030 Antwerpen
- Names & denominations
- Molenbergnatie
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1888
- Peppol
- Active · Active since 19 May 2025
- Activities · NACE
Opslag
Overige opslag
Overige vrachtbehandeling, exclusief in zeehavens
Overige vrachtbehandeling
Logistieke diensten
Expeditiekantoren
Overige vervoerondersteunende activiteiten