Equity
€185.0m ▲ 17.2%
LUKOIL BELGIUM has made a profit in every financial year since 2008.
LUKOIL BELGIUM
Lifetime
15 annual accounts with figures on one time axis, 49 filings since 1977peak €1.44bn (2022)
€952.2m▼ 2.3%
peak €27.2m (2025)
€27.2m▲ 6.7%
peak €185.0m (2025)
€185.0m▲ 17.2%
€63.2m▲ 5.8%
peak 59.4 FTE (2023)
58.8 FTE▼ 0.7%
Board8 names since 2020
3 directorsFabrice VANHOUCKE and 2 others
Owners6 names in the annual accounts
Documentsfilings and deeds
18-08-202618 days late
2025financial year
Reappointments: Fabrice VANHOUCKE (director) and Veerle VERHA… 05-08Appointment: Ivo Hoskens (managing director) 29-04Resignation: Bulat Subaev (director) 02-04Equity from €157.8m to €185.0mInvestments €15.3mCash from €83.6m to €33.4m
Key points
from the 2025 annual accountsStaff
62 employees on 31-12-2025
In 2025, 7 people joined and 7 left. On top of that, 0.6 agency workers worked there on average.
Position in the sector
€27.2m
Higher net result than 95% of companies in wholesale trade. Sector median €110,308 · 6,122 companies.
2025 accounts filed 18 days after the deadline
Checked score
97
Excellent
Financially stronger than 74% of medium-sized companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 746 companies (NACE 46, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1960
Size: turnover €952.2m, 58.8 FTE, total assets €250.5m, files consolidated accounts
Liquidity: current ratio 2.57, cash €33.4m, halved
Equity €185.0m (73.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized). It does better than 85% of them on solvency, 85% on liquidity, 69% on profitability and 56% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as LUKOIL BELGIUM has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of LUKOIL BELGIUM itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for LUKOIL BELGIUM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,900,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (2.35 in 2024), above the usual 1.5. Short-term debt is 25.2% and cash 13.3% of total assets. 26.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
18 days late
2024
2 days early
2023
43 days early
2022
42 days early
2021
122 days early
2020
104 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (4 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Lukoil International GmbH 100%annual accounts 2025
Shares in 1 company, Lukoil Netherlands BV
Board & ownershipRecent changes
Environmental permit granted
Nieuwbouw of aanleggen · Ternat
Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
Permanent representative: Jeroen Trumpener · Gazette deed
Reappointments: Fabrice VANHOUCKE (director) and Veerle VERHAEGEN (director)
Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen, Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning), Slopen of verwijderen van een publiciteitsinrichting and 2 more · Provincie Limburg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUKOIL BELGIUM Vilvoorde | €952.2m | 3.9% | 73.9% | 58.8 |
| CHEVRON BELGIUM Ghent | €1,014.2m | 5.7% | 53.2% | 114.8 |
| Wolf Oil Corporation Hemiksem | €343.0m | 7.1% | 28.0% | 74.6 |
| PROXIFUEL Brussels | €547.9m | 0.2% | 4.5% | 44.5 |
| Belgian Shell Brussels | €1,938.1m | 1.4% | 29.0% | 172.7 |
| BELGOMINE Temse | €1,204.0m | 0.9% | 47.8% | 14.1 |
| MAES REAL ESTATE Bornem | €587.1m | 6.5% | 20.7% | 77.4 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LUKOIL BELGIUM: wholesale of solid, liquid and gaseous fuels and related products (NACE 46810). They are comparable in size and age: total assets between €50m and €330m, founded between 1919 and 1986.
Official details
Source: KBO- Status
- Active since 22-09-1960Normal situation
- Activity
- Wholesale of solid, liquid and gaseous fuels and related productsNACE 46810
- Joint committee
- 211Oil industry and trade · annual accounts 2025
- Establishment units
- 2.220.904.7731800 Vilvoorde, since 22-09-1960
- 2.222.975.2291120 Brussels, since 01-06-2007
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on LUKOIL BELGIUM
LUKOIL BELGIUM has existed since 1960. Turnover grew from €610.4m in 2008 to €952.2m in 2025.
Turnover has fallen every year since 2022.
Lukoil International GmbH holds all the shares. In April 2025, the Official Gazette published the appointment of Ivo Hoskens as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LUKOIL BELGIUM
- What is the company number of LUKOIL BELGIUM?
- The company number of LUKOIL BELGIUM is 0400.700.961. The VAT number is the same number with BE in front: BE 0400.700.961.
- Where is LUKOIL BELGIUM based?
- The registered office is at Medialaan 28 B, 1800 Vilvoorde.Company details
- What does LUKOIL BELGIUM do?
- According to the KBO register, the main activity is wholesale of solid, liquid and gaseous fuels and related products (NACE 46810).
- What is the legal form of LUKOIL BELGIUM?
- LUKOIL BELGIUM is a public limited company (NV).
- When was LUKOIL BELGIUM founded?
- LUKOIL BELGIUM was founded on 22-09-1960.
- Is LUKOIL BELGIUM still active?
- Yes, LUKOIL BELGIUM is an active enterprise in the KBO register.
- How many employees does LUKOIL BELGIUM have?
- LUKOIL BELGIUM had an average of 58.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LUKOIL BELGIUM fall under?
- In its 2025 annual accounts, LUKOIL BELGIUM states joint committee 211 (Oil industry and trade).
- What is the turnover of LUKOIL BELGIUM?
- The turnover of LUKOIL BELGIUM was €952.2m in financial year 2025, according to the filed annual accounts.
- Is LUKOIL BELGIUM profitable?
- In financial year 2025, LUKOIL BELGIUM made a profit of €27.2m.
- Where can I find the annual accounts of LUKOIL BELGIUM?
- LUKOIL BELGIUM filed 55 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUKOIL BELGIUM due?
- LUKOIL BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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