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 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IKEA Distribution BENELUX from Genk, company number BE0413749837, closed financial year 2025 with a result of € 2.4 million after tax. For that financial year IKEA Distribution BENELUX recorded revenue of € 104.5 million and equity of € 5 million. Compared with financial year 2024, the result moved from € 2.5 million to € 2.4 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 19, 2025.
€ 5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.4 million
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 287
Cash and bank balances on the last day of the fiscal year.
€ 2.5 million paid out
100 % of the profit went to the shareholders, mostly to INGKA HOLDING EUROPE BV (100 % of the shares). That is where the money ends up.
People and assets in 2025
317.2
▲ 4.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 19.2 million
▼ 5% vs 2024
€ 60,500 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.
€ 1.3 million
▲ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.4 million
▲ 140% vs 2024
Loans from banks and other lenders, long and short.
€ 13.4 million
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 61 days on average.
€ 4.1 million
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 79,021,387 | € 87,555,388 | € 97,824,920 | € 104,510,278 | ▲ 7% |
| Profit after taxes | € 2,397,627 | € 2,515,436 | € 2,509,559 | € 2,445,468 | ▼ 3% |
| Equity | € 4,954,192 | € 4,959,628 | € 4,959,187 | € 4,954,655 | |
| Total debts | € 17,735,681 | € 20,104,944 | € 23,459,074 | € 33,323,243 | ▲ 42% |
| Cash | € 22,943 | € 29,125 | € 0 | € 287 | |
| Land & buildings | € 8,897,936 | € 8,449,958 | € 8,004,270 | € 7,555,066 | ▼ 6% |
| Retained profit | € 454,192 | € 459,628 | € 459,187 | € 454,655 | ▼ 1% |
| Dividend | € 2,395,000 | € 2,510,000 | € 2,510,000 | € 2,450,000 | ▼ 2% |
| Bank debt | € 0 | € 0 | € 5,583,942 | € 13,377,185 | ▲ 140% |
| Balance sheet total | € 22,689,874 | € 25,064,572 | € 28,418,261 | € 38,277,898 | ▲ 35% |
| Employees (FTE) | 320.4 | 313.5 | 312.4 | 317.2 | ▲ 4.8 |
Key figures of IKEA Distribution BENELUX, 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 March 2027.
What happened to IKEA Distribution BENELUX?
What happened at IKEA Distribution BENELUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maria Nilsson Karnell stepped down as director. NBB
- Stefan Vanoverbeke stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.4 million (▼ 3% vs 2024). Source: NBB ↗
- Valentina Cirella stepped down as director. NBB
- Valentina Cirella became a director. NBB
- Martina Parker Norton stepped down as director. NBB
- Francis Kantner stepped down as director. NBB
- André Schmidtgall stepped down as director. NBB
In short
From € 2.4 million profit in 2022 to € 2.4 million profit in 2025.
Paid € 3.7 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.5 million profit.
Paid out € 9.9 million in dividends to the owners in total.
Management
The shares are held by INGKA HOLDING EUROPE BV (100%) and INGKA HOLDING BV (0%).
Directors
According to the 2025 annual accounts
Francis Kantner
Director
since 2019 · until 2024
Valentina Cirella
Lid van Raad van Toezicht
since 2025 · until 2025
André Schmidtgall
Director
since 2020 · until 2024
Sandra Schouten
Director
since 2020 · until 2024
Youssef Zouhair
Director
since 2022 · until 2024
Maria Nilsson Karnell
Lid van Toezichtsraad
since 2024 · until 2030
Stefan Vanoverbeke
Lid van Toezichtsraad
since 2024 · until 2030
Martina Parker Norton
Lid van Toezichtsraad
since 2024 · until 2025
Gretha Weiss
Chairman of the board
since 2020 · until 2024
Shareholders
INGKA HOLDING EUROPE BV
100%
INGKA HOLDING BV
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mercuriuslaan 2
3600 Genk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0413.749.837
- VAT number
- BE 0413.749.837
- Registered office
- Mercuriuslaan 2, 3600 Genk
- Names & denominations
- IKEA Distribution BENELUX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 1973
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
Opslag
Groothandel in niet-elektrische huishoudelijke artikelen
Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten