ACTIVE

TOURING

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Financial year 2025 · closed on 31/12/2025

Net result

-8,4 M €

-119.0% YoY

Revenue

192,8 M €

+4.6% YoY

Equity

14,1 M €

-37.2% YoY

Workforce

572,3 ETP

+8.0% YoY

What does TOURING do?

TOURING is a Public limited company incorporated in 1968. Its main activity is: Sea and coastal freight water transport. Its registered office is in Bruxelles. It employs on average 572,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.471.401

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Boulevard du Roi Albert II 4 box 12
1000 Bruxelles · BruxellesSee on map

Contributed capital

14 033 794,43 €

Latest accounts

31/12/2025

Average workforce

572,3 ETP

Activities (NACE)

50200Sea and coastal freight water transport· main 52210Service activities incidental to land transportation 52210Service activities incidental to land transportation 63210Information service activities 22130Manufacture of rubber products 45201Maintenance and repair of motor vehicles+9

Joint committees (2)

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	192,8 M €	+4.6%	184,4 M €	+80.3%	102,3 M €	+288%	26,4 M €	-4.2%	27,5 M €	+0.9%	27,3 M €	-0.8%	27,5 M €	-1.6%	28 M €	+16.2%	24,1 M €	+5.4%	22,8 M €	-3.3%	23,6 M €	-4.1%	24,6 M €	+2.4%	24 M €	+1.9%	23,6 M €	+3.9%	22,7 M €	+7.4%	21,1 M €	-15.9%	25,1 M €	+3.9%	24,2 M €	+0.1%	24,1 M €
EBITDA	-2,9 M €	-267%	1,8 M €	-63.8%	4,9 M €	-38.1%	7,9 M €	-18.1%	9,6 M €	+122%	4,3 M €	-64.1%	12,1 M €	+11.2%	10,9 M €	+43.0%	7,6 M €	+3.1%	7,4 M €	+15.5%	6,4 M €	+12.1%	5,7 M €	+3.4%	5,5 M €	-9.0%	6,1 M €	+24.9%	4,8 M €	+247%	1,4 M €	-63.6%	3,8 M €	+19.1%	3,2 M €	+26.2%	2,5 M €
Operating result	-10,4 M €	-58.5%	-6,5 M €	-130%	-2,8 M €	-351%	1,1 M €	-67.7%	3,5 M €	+193%	-3,8 M €	-201%	3,7 M €	+13.6%	3,3 M €	+20.6%	2,7 M €	+51.7%	1,8 M €	+62.7%	1,1 M €	+106%	536,5 k €	+213%	171,2 k €	-75.5%	700,1 k €	+324%	-312,2 k €	+90.0%	-3,1 M €	-629%	-427,5 k €	-58.4%	-269,9 k €	+65.0%	-770,5 k €
Net result	-8,4 M €	-119%	-3,8 M €	-27.0%	-3 M €	-148%	6,2 M €	-11.4%	7,1 M €	+392%	-2,4 M €	-148%	5 M €	+63.2%	3,1 M €	+25.0%	2,5 M €	+137%	1 M €	-2.9%	1,1 M €	+5.4%	1 M €	+84.5%	549,3 k €	-3.9%	571,6 k €	+145%	233,1 k €	+205%	-221,3 k €	+53.6%	-476,6 k €	+56.6%	-1,1 M €	-120%	5,5 M €
Balance sheet
Equity	14,1 M €	-37.2%	22,5 M €	-14.5%	26,3 M €	-51.5%	54,2 M €	+13.0%	48 M €	+17.2%	40,9 M €	-5.6%	43,4 M €	+12.3%	38,6 M €	+8.6%	35,5 M €	+7.4%	33,1 M €	+3.2%	32 M €	+3.4%	31 M €	+3.4%	29,9 M €	+108%	14,4 M €	+4.1%	13,8 M €	+1.7%	13,6 M €	-1.6%	13,8 M €	-3.3%	14,3 M €	-7.1%	15,4 M €
Total assets	95,7 M €	-8.1%	104,2 M €	+32.0%	78,9 M €	+23.4%	64 M €	+5.9%	60,4 M €	+13.9%	53 M €	-12.0%	60,2 M €	-9.5%	66,6 M €	+6.4%	62,6 M €	+2.5%	61 M €	+10.8%	55,1 M €	+15.5%	47,7 M €	+3.7%	46 M €	+41.2%	32,6 M €	-1.6%	33,1 M €	-18.7%	40,7 M €	-7.6%	44,1 M €	+13.6%	38,8 M €	-15.4%	45,9 M €
Cash	17,7 M €	-14.1%	20,5 M €	+370%	4,4 M €	-11.4%	4,9 M €	-9.2%	5,4 M €	-31.0%	7,9 M €	+135%	3,3 M €	+38.8%	2,4 M €	+110%	1,1 M €	-65.3%	3,3 M €	+46.0%	2,3 M €	-15.9%	2,7 M €	+45.1%	1,9 M €	+87.6%	991,8 k €	-54.5%	2,2 M €	+143%	897,3 k €	+15.4%	777,7 k €	-28.6%	1,1 M €	-17.0%	1,3 M €
Debts	65,7 M €	+0.6%	65,3 M €	+40.2%	46,6 M €	+397%	9,4 M €	-23.0%	12,2 M €	+3.2%	11,8 M €	-29.5%	16,7 M €	-39.8%	27,8 M €	+5.0%	26,5 M €	-2.4%	27,2 M €	+21.6%	22,3 M €	+45.7%	15,3 M €	-1.5%	15,6 M €	-12.0%	17,7 M €	-7.0%	19 M €	-28.7%	26,7 M €	-4.5%	27,9 M €	+18.6%	23,5 M €	-19.7%	29,3 M €
Other
Workforce	572,3 ETP	+8.0%	530,1 ETP	+48.0%	358,1 ETP	+72.6%	207,5 ETP	+0.3%	206,8 ETP	-5.7%	219,3 ETP	+0.2%	218,8 ETP	-0.6%	220,1 ETP	+3.8%	212,1 ETP	+1.5%	208,9 ETP	-1.0%	211,1 ETP	-2.5%	216,5 ETP	-4.5%	226,8 ETP	-1.0%	229,2 ETP	-6.0%	243,9 ETP	-8.2%	265,8 ETP	-8.7%	291,1 ETP	-1.7%	296,1 ETP	-1.9%	301,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 70 ended

Active mandates

Vincent THIBAUT

Director · since 01 novembre 2024 · until 15 avril 2029

Active

Benoît FONTAINE

Vice-chairman of the board of directors · since 01 juillet 2023 · until 15 avril 2029

Active

Bruno de Thibault

Managing director · since 01 juillet 2023 · until 15 avril 2029 · 0508.938.412

Represented by Bruno de Thibault de BOESINGHE

Active

Edwin KLAPS

Chairman of the board of directors · since 01 juillet 2023 · until 15 avril 2029

Active

Laurent LONCKE

Director · since 01 juillet 2023 · until 15 avril 2029

Active

Thierry WILLEMARCK

Director · since 01 juillet 2023 · until 15 avril 2029

Active

Wim SMET

Director · since 01 juillet 2023 · until 15 avril 2029

Active

Ended mandates

Laurent SEREZ

Director · since 01 juillet 2023 · until 15 avril 2029

Ended

Thierry WILLEMARCK

Chairman of the board of directors · since 07 juin 2022 · until 07 juin 2023

Ended

Bruno de Thibault

Managing director · since 05 juin 2019 · until 04 juin 2025 · 0508.938.412

Represented by Bruno de THIBAULT de BOESINGHE

Ended

Bruno de Thibault

Managing director · since 05 juin 2019 · until 04 juin 2025 · 0508.938.412

Represented by Bruno de THIBAULT de BOESINGHE

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/04/2026	19/05/2025	13/05/2024	21/06/2023	14/06/2022	13/07/2021
General meeting	15/04/2026	15/04/2025	15/04/2024	07/06/2023	01/06/2022	02/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

40 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/04/2026	20/04/2026	French	PDF
Full model	31/12/2024	15/04/2025	19/05/2025	French	PDF
Full model	31/12/2023	15/04/2024	13/05/2024	French	PDF
Full model	31/12/2022	07/06/2023	21/06/2023	French	PDF
Consolidated accounts	31/12/2022	07/06/2023	21/06/2023	French	PDF
Full model	31/12/2021	01/06/2022	14/06/2022	French	PDF
Consolidated accounts	31/12/2021	01/06/2022	14/06/2022	French	PDF
Full model	31/12/2020	02/06/2021	13/07/2021	French	PDF
Consolidated accounts	31/12/2020	02/06/2021	13/07/2021	French	PDF
Full model	31/12/2019	03/06/2020	22/06/2020	French	PDF
Consolidated accounts	31/12/2019	03/06/2020	22/06/2020	French	PDF
Full model	31/12/2018	05/06/2019	19/06/2019	French	PDF
Consolidated accounts	31/12/2018	05/06/2019	20/06/2019	French	PDF
Full model	31/12/2017	06/06/2018	27/06/2018	French	PDF
Consolidated accounts	31/12/2017	06/06/2018	27/06/2018	French	PDF
Full model	31/12/2016	07/06/2017	28/06/2017	French	PDF
Consolidated accounts	31/12/2016	07/06/2017	29/06/2017	French	PDF
Full model	31/12/2015	01/06/2016	17/06/2016	French	PDF
Consolidated accounts	31/12/2015	01/06/2016	17/06/2016	French	PDF
Full model	31/12/2014	03/06/2015	16/06/2015	French	PDF
Consolidated accounts	31/12/2014	03/06/2015	01/07/2015	French	PDF
Full model	31/12/2013	04/06/2014	25/06/2014	French	PDF
Consolidated accounts	31/12/2013	04/06/2014	25/06/2014	French	PDF
Full model	31/12/2012	05/06/2013	20/06/2013	French	PDF

View all 40 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 70 ended

Active mandates

Vincent THIBAUT

Director · since 01 novembre 2024 · until 15 avril 2029

Active

Benoît FONTAINE

Vice-chairman of the board of directors · since 01 juillet 2023 · until 15 avril 2029

Active

Bruno de Thibault

Managing director · since 01 juillet 2023 · until 15 avril 2029 · 0508.938.412

Represented by Bruno de Thibault de BOESINGHE

Active

Edwin KLAPS

Chairman of the board of directors · since 01 juillet 2023 · until 15 avril 2029

Active

Laurent LONCKE

Director · since 01 juillet 2023 · until 15 avril 2029

Active

Thierry WILLEMARCK

Director · since 01 juillet 2023 · until 15 avril 2029

Active

Wim SMET

Director · since 01 juillet 2023 · until 15 avril 2029

Active

Ended mandates

Laurent SEREZ

Director · since 01 juillet 2023 · until 15 avril 2029

Ended

Thierry WILLEMARCK

Chairman of the board of directors · since 07 juin 2022 · until 07 juin 2023

Ended

Bruno de Thibault

Managing director · since 05 juin 2019 · until 04 juin 2025 · 0508.938.412

Represented by Bruno de THIBAULT de BOESINGHE

Ended

Bruno de Thibault

Managing director · since 05 juin 2019 · until 04 juin 2025 · 0508.938.412

Represented by Bruno de THIBAULT de BOESINGHE

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other08/09/2026
Intrekking van de handtekenbevoegdheid
PDF
Mandates08/09/2026
Révocation pouvoir de signature
PDF
Other01/07/2026
—
PDF
Other01/07/2026
—
PDF
Mandates11/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/01/2026
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-8,4 M €↓
15/04/2025
nominationPVMD Réviseurs d'Entreprises SRL — commissaire
15/04/2025
nominationAlain Chaerels — représentant
15/04/2025
reconductionPVMD Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 2024-3,8 M €↓
01/11/2024
nominationVincent Thibaut — bestuurder
01/11/2024
nominationVincent Thibaut — administrateur
2023
Annual accounts 2023-3 M €↓
01/07/2023
reduction_capital
01/07/2023
nominationEdwin Klaps — administrateur
01/07/2023
nominationBenoît Fontaine — administrateur
01/07/2023
nominationLaurent Serez — administrateur
01/07/2023
nominationEdwin Klaps — bestuurder
01/07/2023
nominationBenoît Fontaine — bestuurder
01/07/2023
nominationLaurent Serez — bestuurder
01/07/2023
split
01/07/2023
nominationEdwin KLAPS — voorzitter van de raad van bestuur
01/07/2023
nominationBenoît FONTAINE — vice-voorzitter van de raad van bestuur
01/07/2023
nominationEdwin KLAPS — président du conseil d'administration
01/07/2023
nominationBenoît FONTAINE — vice-président du conseil d'administration
07/06/2023
reconductionThierry WILLEMARCK — Président
07/06/2023
reconductionPaul Govaers — administrateur
07/06/2023
reconductionAugust Smeyers — administrateur
07/06/2023
reconductionLuc Vandersleyen — administrateur
07/06/2023
reconductionThierry Willemarck — Voorzitter
07/06/2023
reconductionPaul Govaers — bestuurder
07/06/2023
reconductionAugust Smeyers — bestuurder
07/06/2023
reconductionLuc Vandersleyen — bestuurder
2022
Annual accounts 20226,2 M €↓
01/06/2022
nominationCV PVMD-Bedrijfsrevisoren — commissaris
01/06/2022
nominationThierry Willemarck — bestuurder
01/06/2022
nominationAlain CHAERELS — commissaire
01/06/2022
nominationThierry Willemarck — administrateur
2021
Annual accounts 20217,1 M €↑
2020
Annual accounts 2020-2,4 M €↓
2019
Annual accounts 20195 M €↑
2018
Annual accounts 20183,1 M €↑
2017
Annual accounts 20172,5 M €↑
2016
Annual accounts 20161 M €↓
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 20141 M €↑
2013
Annual accounts 2013549,3 k €↓
24/04/2013
nominationBruno de Thibault de Boesinghe — Administrateur délégué
24/04/2013
nominationBruno de Thibault de Boesinghe — gedelegeerd bestuurder
2012
Annual accounts 2012571,6 k €↑
2011
Annual accounts 2011233,1 k €↑
2010
Annual accounts 2010-221,3 k €↑
2009
Annual accounts 2009-476,6 k €↑
2008
Annual accounts 2008-1,1 M €↓
2007
Annual accounts 20075,5 M €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TOURING

Overview

What does TOURING do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline