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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INDUSTRIAL FUEL TECHNOLOGY from Antwerpen, company number BE0454122425, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year INDUSTRIAL FUEL TECHNOLOGY recorded a gross margin of € 192,380 and equity of € 29 million. Compared with financial year 2024, the result moved from € 1.7 million to € 1.7 million. Profitable, and profit is growing. 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 July 30, 2026.
€ 29 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▲ 2% vs 2024
Profit after tax over the fiscal year.
€ 42,635
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
74 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 468,336
▲ € 458,403 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.
€ 25,082
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,530
▲ € 6,193 vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 91,892 | € 140,829 | € 199,193 | € 192,380 | ▼ 3% |
| Profit after taxes | € 4,000,043 | € 2,568,464 | € 1,707,714 | € 1,749,694 | ▲ 2% |
| Equity | € 24,878,659 | € 27,197,123 | € 28,504,837 | € 28,954,531 | ▲ 2% |
| Total debts | € 3,182,285 | € 459,311 | € 423,935 | € 1,341,149 | ▲ 216% |
| Cash | € 145,173 | € 234,785 | € 447,457 | € 42,635 | ▼ 90% |
| Land & buildings | € 2,824,253 | € 3,854,449 | € 3,714,864 | € 3,575,280 | ▼ 4% |
| Retained profit | € 21,902,837 | € 24,221,301 | € 25,529,015 | € 25,978,709 | ▲ 2% |
| Dividend | € 0 | € 250,000 | € 400,000 | € 1,300,000 | ▲ 225% |
| Bank debt | € 3,126,725 | € 196,000 | € 0 | € 0 | |
| Balance sheet total | € 28,060,944 | € 27,656,434 | € 28,928,771 | € 30,295,679 | ▲ 5% |
Key figures of INDUSTRIAL FUEL TECHNOLOGY, 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 INDUSTRIAL FUEL TECHNOLOGY?
What happened at INDUSTRIAL FUEL TECHNOLOGY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.7 million (▲ 2% vs 2024). Source: NBB ↗
- Filip ENGELEN became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 4 million profit in 2022 to € 1.7 million profit in 2025.
Paid € 181 in corporate taxes since 2022.
Best year ever: 2022, with € 4 million profit.
Paid out € 2 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind INDUSTRIAL FUEL TECHNOLOGY is Filip ENGELEN. It owns 100% of COMPAGNIE DE L'OLIVIER, 100% of DJIMAT PETROLEUM, 100% of MIDEASTCO, 99.9% of GARAGE WILLIAM SONCK, 75% of ROODSTOP SERVICES and 34.2% of BELGOMAZOUT itself.
Directors
According to the 2025 annual accounts
Filip ENGELEN
Director
Also active at: Etablissementen Désiré Van Riet, GILOPS GROUP, Alca Petroleum Company, Belgomazout, BELGOMINE, Avia Belgie-Luxemburg, TRANSPORT LAMBIN, TRANSLUB +12 more
since 2022
Establishments
Establishment units
Physical locations of this company
D'Herbouvillekaai 100
2020 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0454.122.425
- VAT number
- BE 0454.122.425
- Registered office
- D'Herbouvillekaai 100, 2020 Antwerpen
- Names & denominations
- INDUSTRIAL FUEL TECHNOLOGY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1994
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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