Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 26.6 to 23.2.
Financials
Financial year 2025
RHENUS INTERMODAL SYSTEMS from Antwerpen, company number BE0445459632, closed financial year 2025 with a result of € 401,595 after tax. For that financial year RHENUS INTERMODAL SYSTEMS recorded revenue of € 69.5 million and equity of € 8.8 million. Compared with financial year 2024, the result moved from € 537,402 to € 401,595. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 8.8 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 401,595
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 117,136
▼ 77% 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 € 8.7 million.
People and assets in 2025
23.2
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 8% vs 2024
€ 106,500 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.
€ 28,735
▼ 33% 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.
€ 8 million
▲ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.
€ 325,678
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 64,372,132 | € 51,527,314 | € 57,270,314 | € 69,539,508 | ▲ 21% |
| Profit after taxes | € 5,991,298 | € 1,318,790 | € 537,402 | € 401,595 | ▼ 25% |
| Equity | € 14,998,861 | € 7,817,647 | € 8,355,049 | € 8,756,644 | ▲ 5% |
| Total debts | € 9,937,019 | € 9,184,561 | € 15,164,678 | € 11,920,250 | ▼ 21% |
| Cash | € 597,101 | € 469,668 | € 499,999 | € 117,136 | ▼ 77% |
| Retained profit | € 14,898,861 | € 7,717,651 | € 8,255,052 | € 8,656,648 | ▲ 5% |
| Dividend | € 0 | € 8,500,000 | € 0 | € 0 | |
| Balance sheet total | € 24,936,788 | € 17,002,208 | € 23,519,727 | € 20,676,894 | ▼ 12% |
| Employees (FTE) | 32.9 | 26.6 | 25 | 23.2 | ▼ 1.8 |
Key figures of RHENUS INTERMODAL SYSTEMS, 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 RHENUS INTERMODAL SYSTEMS?
What happened at RHENUS INTERMODAL SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Raf De Schutter stepped down as director. NBB
- Christoph Dullaert stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 401,595 (▼ 25% vs 2024). Source: NBB ↗
- Raf De Schutter became a director. NBB
- Christoph Dullaert became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 6 million profit in 2022 to € 401,595 profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 6 million profit.
Paid out € 8.5 million in dividends to the owners in total.
Management
The stake of RHENUS HOLDING BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RHENUS INTERMODAL SYSTEMSThe shares are held by RHENUS HOLDING BELGIUM (100%). It owns 100% of Rhenus Intermodal Systems TOO itself.
Directors
According to the 2025 annual accounts
Raf De Schutter
Director
since 2021 · until 2027
Christoph Dullaert
Director
since 2021 · until 2027
Shareholders
Participations
Rhenus Intermodal Systems TOO
100%
Establishments
Establishment units
Physical locations of this company
Roderveldlaan 5
2600 Antwerpen
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 →Baker Hughes Belgium
€ 4.3 million gross margin · 2024
RHENUS SHARED SERVICE CENTER
€ 2.9 million gross margin · 2025
RHENUS AIR & OCEAN
€ 118.7 million revenue · 2025
RHENUS HOLDING BELGIUM same network
€ 1.5 million revenue · 2025
Rhenus High Tech
€ 849,593 gross margin · 2025
+4 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
- 0445.459.632
- VAT number
- BE 0445.459.632
- Registered office
- Roderveldlaan 5, 2600 Antwerpen
- Names & denominations
- RHENUS INTERMODAL SYSTEMS · MIS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 1991
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Logistieke diensten
Expeditiekantoren
Overige vervoerondersteunende activiteiten
Scheepsagenturen