ACTIVE

N.V. BESIX S.A.

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Financial year 2025 · Closed on 31/12/2025

Net result-29,9 M €-29 840,0 %over 1 year

Revenue1,2 Md €+22,3 %over 1 year

Equity258,7 M €-16,3 %over 1 year

Workforce808,8 ETP+7,8 %over 1 year

Identity

Source · BCE/KBO

N.V. BESIX S.A. is a Public limited company incorporated in 1973. Its main activity is: Construction of buildings. Its registered office is in Woluwe-Saint-Lambert. It employs on average 808,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0413.630.071
Incorporation: 03/12/1973
Legal form: Public limited company
Registered office: Avenue des Communautés 100
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital: 34 706 000,00 €
Latest accounts: 31/12/2025
Average workforce: 808,8 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45212Maintenance and repair of motor vehicles

Joint committees (3)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 78 filings

Trend over 16 financial years

	2025		2023		2022		2021		2020
Income statement
Revenue	1,2 Md €	+22.3%	943,3 M €	+3.1%	914,8 M €	-1.6%	929,9 M €	+7.1%	868 M €
EBITDA	1,6 M €	+113%	-12,5 M €	-167%	18,6 M €	+141%	-45,5 M €	-383%	-9,4 M €
Operating result	-32,1 M €	-122%	-14,5 M €	-54.8%	-9,3 M €	+76.6%	-40 M €	-193%	-13,7 M €
Net result	-29,9 M €	-29840%	100,4 k €	-99.7%	31,3 M €	+263%	-19,2 M €	-5080%	-371,6 k €
Balance sheet
Equity	258,7 M €	-16.3%	309,2 M €	+0.0%	309,1 M €	-5.0%	325,2 M €	-17.6%	394,5 M €
Total assets	1 Md €	-12.8%	1,2 Md €	+5.0%	1,1 Md €	-1.5%	1,1 Md €	-0.4%	1,2 Md €
Cash	153,9 M €	+41.0%	109,2 M €	-28.4%	152,4 M €	-36.5%	240,2 M €	+34.6%	178,4 M €
Debts	687,3 M €	-17.0%	828,4 M €	+9.0%	760,1 M €	-3.1%	784,4 M €	+10.8%	708,1 M €
Other
Workforce	808,8 ETP	+7.8%	750,2 ETP	-4.3%	784,3 ETP	-6.2%	836,1 ETP	-2.5%	857,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 60 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
VINKENHOEK0800.678.184Represented by Patrick Baeten	Director	13/05/2024 → 04/06/2027	000
Athena International0747.540.101Represented by Mathieu Deschamps	Director	02/06/2023 → 05/06/2026
GABELI0752.811.654Represented by Hans Beerlandt	Director	02/06/2023 → 01/06/2029	00
Jean Pôlet	Director	02/06/2023 → 01/06/2029	0
KYOKAN0770.813.468Represented by Jan Van Steirteghem	Managing director	03/06/2022 → 02/06/2028	0
ALTHIEL0745.958.011Represented by Pierre Sironval	Chairman of the board of directors	04/06/2021 → 04/06/2027	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Athena International0747.540.101Represented by Mathieu Deschamps	Director	02/06/2023 → 02/06/2026
GABELI0752.811.654Represented by Hans Beerlandt	Director	02/06/2023 → 02/06/2026	00
Jean Pôlet	Director	02/06/2023 → 02/06/2026	0
FREDERIC de SCHREVEL	Director	03/06/2022 → 06/06/2025	0

Other companies at this address

Avenue des Communautés 100 1200 Woluwe-Saint-Lambert

Company	CBE no.
ASSM BESIX - WUST● Active	0827.553.322
association besix -cmc jv \|● Active	0846.127.436
Association momentannée Kattendijk● Active	0503.811.466
B&B Development● Active	0632.558.873
B&B Properties● Active	0599.941.436
BESIX - EJD● Active	0550.379.681
BESIX/EJD - PROJET RSCA● Active	0846.309.756
BESIX Environment● Active	0439.714.163
BESIX FOUNDATION● Active	0809.352.162
Besix - Galère "Viaduc de Huccorgne"● Active	0729.807.511
BESIX GREEN 1● Active	1021.828.682
BESIX Group● Active	0400.459.154
BESIX Real Estate Development● Active	0435.351.341
BESIX Real Estate Development Properties● Active	0448.788.613
BRAVO-4 MTC● Active	1009.030.127
BRAVO4 SPV● Active	1008.084.772
Caisse de Prevoyance en Faveur du Personnel du Groupe 6 Construct● Liquidation	0409.084.929
CIVIL 2020● Active	0696.820.482
CIVIL TUNNEL assoc. mom.● Active	0728.498.011
CLEAN TECH INVESTMENTS● Active	0508.811.718

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Consolidated accounts	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	06/07/2026	07/07/2025	19/06/2024	30/06/2023	06/07/2022	13/07/2021
General meeting	19/06/2026	27/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 78 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	06/07/2026	French	PDF
Full model	31/12/2025	19/06/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2024	06/06/2025	25/06/2025	French	PDF
Consolidated accounts	31/12/2024	27/06/2025	07/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	27/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	07/06/2024	19/06/2024	Dutch	PDF
Full model	31/12/2023	07/06/2024	19/06/2024	French	PDF
Consolidated accounts	31/12/2023	07/06/2024	08/07/2024	French	PDF
Consolidated accounts	31/12/2023	07/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	30/06/2023	French	PDF
Full model	31/12/2022	02/06/2023	30/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	02/06/2023	11/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	02/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	03/06/2022	06/07/2022	French	PDF
Full model	31/12/2021	03/06/2022	05/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	—	16/08/2022	French	PDF
Consolidated accounts	31/12/2021	—	16/08/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	13/07/2021	Dutch	PDF
Full model	31/12/2020	04/06/2021	13/07/2021	French	PDF
Consolidated accounts	31/12/2020	04/06/2021	07/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	04/06/2021	07/07/2021	French	PDF
Full model	31/12/2019	05/06/2020	09/07/2020	Dutch	PDF
Full model	31/12/2019	05/06/2020	09/07/2020	French	PDF
Consolidated accounts	31/12/2019	05/06/2020	08/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	05/06/2020	08/07/2020	French	PDF
Full model	31/12/2018	07/06/2019	11/06/2019	Dutch	PDF
Full model	31/12/2018	07/06/2019	11/06/2019	French	PDF
Consolidated accounts	31/12/2018	07/06/2019	05/07/2019	French	PDF
Consolidated accounts	31/12/2018	07/06/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2017	01/06/2018	29/06/2018	French	PDF
Consolidated accounts	31/12/2017	02/06/2018	29/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	02/06/2018	29/06/2018	French	PDF
Full model	31/12/2016	02/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2016	02/06/2017	27/06/2017	French	PDF
Consolidated accounts	31/12/2016	02/06/2017	03/07/2017	French	PDF
Consolidated accounts	31/12/2016	02/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	23/06/2016	French	PDF
Full model	31/12/2015	03/06/2016	23/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	03/06/2016	20/06/2016	French	PDF
Consolidated accounts	31/12/2015	03/06/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	23/07/2015	Dutch	PDF
Full model	31/12/2014	05/06/2015	18/07/2015	French	PDF
Consolidated accounts	31/12/2014	05/06/2015	17/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	05/06/2015	17/07/2015	French	PDF
Full model	31/12/2013	06/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2013	06/06/2014	10/07/2014	French	PDF
Consolidated accounts	31/12/2013	06/06/2014	07/07/2014	Dutch	PDF
Consolidated accounts	31/12/2013	06/06/2014	07/07/2014	French	PDF
Full model	31/12/2012	07/06/2013	12/07/2013	Dutch	PDF
Full model	31/12/2012	07/06/2013	12/07/2013	French	PDF
Consolidated accounts	31/12/2012	07/06/2013	10/07/2013	Dutch	PDF
Consolidated accounts	31/12/2012	07/06/2013	10/07/2013	French	PDF
Full model	31/12/2011	01/06/2012	05/07/2012	Dutch	PDF
Full model	31/12/2011	01/06/2012	05/07/2012	French	PDF
Consolidated accounts	31/12/2011	01/06/2012	06/08/2012	Dutch	PDF
Consolidated accounts	31/12/2011	01/06/2012	06/08/2012	French	PDF
Full model	31/12/2010	03/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2010	03/06/2011	28/06/2011	French	PDF
Consolidated accounts	31/12/2010	03/06/2011	30/06/2011	French	PDF
Consolidated accounts	31/12/2010	03/06/2011	30/06/2011	Dutch	PDF
Full model	31/12/2009	04/06/2010	11/06/2010	French	PDF
Full model	31/12/2009	04/06/2010	11/06/2010	Dutch	PDF
Consolidated accounts	31/12/2009	04/06/2010	25/06/2010	Dutch	PDF
Consolidated accounts	31/12/2009	04/06/2010	25/06/2010	French	PDF
Full model	31/12/2008	05/06/2009	25/06/2009	Dutch	PDF
Full model	31/12/2008	05/06/2009	25/06/2009	French	PDF
Consolidated accounts	31/12/2008	05/06/2009	29/06/2009	Dutch	PDF
Consolidated accounts	31/12/2008	05/06/2009	29/06/2009	French	PDF
Full model	31/12/2007	06/06/2008	10/06/2008	Dutch	PDF
Full model	31/12/2007	06/06/2008	10/06/2008	French	PDF
Consolidated accounts	31/12/2007	20/06/2008	22/08/2008	Dutch	PDF
Consolidated accounts	31/12/2007	20/06/2008	22/08/2008	French	PDF
Full model	31/12/2006	01/06/2007	14/06/2007	French	PDF
Full model	31/12/2006	01/06/2007	14/06/2007	Dutch	PDF
Consolidated accounts	31/12/2006	01/06/2007	29/06/2007	Dutch	PDF
Consolidated accounts	31/12/2006	01/06/2007	22/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 60 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
VINKENHOEK0800.678.184Represented by Patrick Baeten	Director	13/05/2024 → 04/06/2027	000
Athena International0747.540.101Represented by Mathieu Deschamps	Director	02/06/2023 → 05/06/2026
GABELI0752.811.654Represented by Hans Beerlandt	Director	02/06/2023 → 01/06/2029	00
Jean Pôlet	Director	02/06/2023 → 01/06/2029	0
KYOKAN0770.813.468Represented by Jan Van Steirteghem	Managing director	03/06/2022 → 02/06/2028	0
ALTHIEL0745.958.011Represented by Pierre Sironval	Chairman of the board of directors	04/06/2021 → 04/06/2027	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Athena International0747.540.101Represented by Mathieu Deschamps	Director	02/06/2023 → 02/06/2026
GABELI0752.811.654Represented by Hans Beerlandt	Director	02/06/2023 → 02/06/2026	00
Jean Pôlet	Director	02/06/2023 → 02/06/2026	0
FREDERIC de SCHREVEL	Director	03/06/2022 → 06/06/2025	0

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/08/2026
Statutaire benoemingen
PDF
Mandates26/08/2026
Nominations statutaires
PDF
Mandates18/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2024
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025-29,9 M €↓
06/06/2025
reconductionJan Van Steirteghem · Administrateur Délégué
06/06/2025
reconductionJan Van Steirteghem · Gedelegeerd Bestuurder
07/06/2024
nominationDeloitte Réviseurs d'Entreprises SRL (repr. Ben Vandeweyer) · commissaire
07/06/2024
reconductionAlthiel SRL (repr. Pierre Sironval) · Administrateur
07/06/2024
nominationDeloitte Reviseurs d'Entreprises SRL (Ben Vandeweyer) · commissaris
07/06/2024
reconductionAlthiel SRL (Pierre Sironval) · Bestuurder
13/05/2024
nominationVinkenhoek BV (repr. Patrick Baeten) · administrateur
13/05/2024
nominationVinkenhoek BV (Patrick Baeten) · bestuurder
13/05/2024
nominationAlthiel SRL (Pierre Sironval) · Voorzitter van de Raad van Bestuur
13/05/2024
nominationKyokan BV (Jan Van Steirteghem) · Gedelegeerd Bestuurder
2023
Annual accounts 2023100,4 k €↓
02/06/2023
reconductionAthena International SRL · Administrateur
02/06/2023
reconductionGabeli SRE · Administrateur
02/06/2023
reconductionJean Pôlet · Administrateur
02/06/2023
reconductionMathieu Dechamps · Bestuurder
02/06/2023
reconductionHans Beerlandt · Bestuurder
02/06/2023
reconductionJean Pölet · Bestuurder
30/03/2023
nominationJohan BEERLANDT · Administrateur et Président du Conseil d'Administration
30/03/2023
nominationPierre SIRONVAL · Administrateur
30/03/2023
nominationMathieu DECHAMPS · Administrateur
30/03/2023
nominationFrédéric de SCHREVEL · Administrateur
30/03/2023
nominationJean POLET · Administrateur
30/03/2023
nominationHans BEERLANDT · Administrateur
30/03/2023
nominationJan Van STEIRTEGHEM · Administrateur
2022
Annual accounts 202231,3 M €↑
03/06/2022
reconductionFrédéric de Schrevel · Administrateur
03/06/2022
nominationJan van Steirteghem · Administrateur
03/06/2022
reconductionFrédéric de Schrevel · Bestuurder
03/06/2022
nominationJan van Steirteghem · bestuurder
2021
Annual accounts 2021-19,2 M €↓
2020
Annual accounts 2020-371,6 k €↓
2019
Annual accounts 201934 M €↑
2018
Annual accounts 201811,5 M €↓
2017
Annual accounts 201789,8 M €↑
2016
Annual accounts 201661,3 M €↑
2015
Annual accounts 2015-22,4 M €↓
2014
Annual accounts 201419,2 M €↓
2013
Annual accounts 201369,7 M €↓
2011
Annual accounts 201182,8 M €↓
2010
Annual accounts 201085,1 M €↑
2009
Annual accounts 200951,4 M €↑
2008
Annual accounts 200838,8 M €
03/12/1973
IncorporationPublic limited company

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Communautés 100, 1200 Woluwe-Saint-LambertCurrent	accounts 2023 → 2025 · CBE, tracked since 27/09/2026	Accounts 2025 · 2026-00275966
Gemeenschappenlaan 100, 1200 Woluwe-Saint-Lambert	accounts 2021 → 2022	Accounts 2022 · 2023-00206086

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.

N.V. BESIX S.A.

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices