ACTIVE

AERTSSEN GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

12,1 M €

+20.0% YoY

Revenue

30 M €

+7.4% YoY

Equity

60,1 M €

+2.8% YoY

Workforce

104,5 ETP

+3.6% YoY

What does AERTSSEN GROUP do?

AERTSSEN GROUP is a Public limited company incorporated in 1982. Its main activity is: Activities of head offices. Its registered office is in Stabroek. It employs on average 104,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.833.976

Incorporation

30/12/1982

Legal form

Public limited company

Registered office

Laageind 91
2940 Stabroek · FlandreSee on map

Contributed capital

719 026,42 €

Latest accounts

31/12/2025

Average workforce

104,5 ETP

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 70120Activities of head offices 70200Management consultancy activities 70220Business and other management consultancy activities 68100Buying and selling of own real estate+4

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	30 M €	+7.4%	27,9 M €	+18.6%	23,5 M €	+19.1%	19,8 M €	+22.1%	16,2 M €	+7.8%	15 M €	-7.1%	16,1 M €	+44.4%	11,2 M €	+25.4%	8,9 M €	+8.9%	8,2 M €	+29.8%	6,3 M €	+2.6%	6,1 M €	+2.2%	6 M €	+12.6%	5,3 M €	+14.6%	4,7 M €	+13.1%	4,1 M €	-13.3%	4,8 M €	+24.2%	3,8 M €	+107%	1,9 M €	+16.8%	1,6 M €
EBITDA	5,2 M €	+106%	2,5 M €	+27.3%	2 M €	-5.1%	2,1 M €	+8.8%	1,9 M €	+30.0%	1,5 M €	+44.2%	1 M €	+132%	440,6 k €	-71.8%	1,6 M €	+21.8%	1,3 M €	-4.0%	1,3 M €	-5.1%	1,4 M €	-4.1%	1,5 M €	-5.0%	1,5 M €	+20.0%	1,3 M €	+4.5%	1,2 M €	-34.9%	1,9 M €	+14.0%	1,7 M €	+147%	674,2 k €	+17.3%	574,9 k €
Operating result	3,8 M €	+288%	984,4 k €	+268%	267,6 k €	-30.5%	385 k €	+73.8%	221,5 k €	+4040%	-5,6 k €	+97.2%	-201,9 k €	+38.9%	-330,3 k €	-140%	826,9 k €	+71.8%	481,3 k €	-10.8%	539,6 k €	-8.2%	587,8 k €	-14.0%	683,2 k €	-11.4%	771,3 k €	+79.2%	430,5 k €	+23.1%	349,7 k €	-68.1%	1,1 M €	+18.3%	926,5 k €	+71.0%	542 k €	+15.5%	469,2 k €
Net result	12,1 M €	+20.0%	10,1 M €	-61.0%	26 M €	+162%	9,9 M €	+3.3%	9,6 M €	+348%	2,1 M €	-61.0%	5,5 M €	-14.1%	6,4 M €	+48.6%	4,3 M €	-15.9%	5,1 M €	+17.6%	4,4 M €	-24.3%	5,7 M €	+19.0%	4,8 M €	+3611%	-137,6 k €	-101%	13,6 M €	+149%	5,5 M €	+8957%	60,2 k €	-98.7%	4,5 M €	-20.7%	5,7 M €	+93.1%	3 M €
Balance sheet
Equity	60,1 M €	+2.8%	58,5 M €	-1.8%	59,6 M €	+40.2%	42,5 M €	+8.6%	39,1 M €	+8.4%	36,1 M €	-10.5%	40,3 M €	+10.3%	36,6 M €	+9.4%	33,4 M €	-5.5%	35,4 M €	+16.9%	30,3 M €	+1.8%	29,7 M €	+2.6%	29 M €	+10.8%	26,2 M €	-10.7%	29,3 M €	+44.3%	20,3 M €	+13.7%	17,9 M €	-14.1%	20,8 M €	+27.8%	16,3 M €	+29.5%	12,6 M €
Total assets	118,5 M €	+8.3%	109,5 M €	+7.9%	101,5 M €	+4.9%	96,7 M €	-5.0%	101,8 M €	+16.6%	87,4 M €	+1.5%	86 M €	+5.6%	81,5 M €	+17.6%	69,3 M €	+15.6%	60 M €	+9.7%	54,6 M €	-0.4%	54,9 M €	-5.7%	58,2 M €	+17.5%	49,5 M €	-19.4%	61,4 M €	+29.9%	47,3 M €	+6.0%	44,6 M €	-3.8%	46,4 M €	+23.5%	37,6 M €	+23.2%	30,5 M €
Cash	0,1 €	+167%	0 €	-75.0%	0,1 €	-94.0%	2 €	0.0%	2 €	-100.0%	201,8 k €	+577260%	35 €	+125%	15,5 €	-99.0%	1,5 k €	+84966%	1,8 €	-96.0%	45 €	+1037%	4 €	-100.0%	13,5 k €	+122561%	11 €	-76.1%	46 €	-94.1%	775,6 €	+2.9%	754,1 €	-30.0%	1,1 k €	+389%	220,1 €	-70.3%	741,1 €
Debts	58,1 M €	+14.7%	50,7 M €	+21.9%	41,6 M €	-22.7%	53,8 M €	-13.5%	62,2 M €	+22.4%	50,8 M €	+12.2%	45,3 M €	+1.8%	44,5 M €	+25.6%	35,4 M €	+47.6%	24 M €	+0.9%	23,8 M €	-3.5%	24,7 M €	-14.1%	28,7 M €	+25.0%	23 M €	-27.6%	31,7 M €	+18.3%	26,8 M €	+0.8%	26,6 M €	+4.6%	25,5 M €	+20.0%	21,2 M €	+18.9%	17,8 M €
Other
Workforce	104,5 ETP	+3.6%	100,9 ETP	+18.1%	85,4 ETP	+12.5%	75,9 ETP	+14.8%	66,1 ETP	-0.9%	66,7 ETP	+4.4%	63,9 ETP	+40.7%	45,4 ETP	+29.7%	35,0 ETP	+3.6%	33,8 ETP	+2.7%	32,9 ETP	+18.3%	27,8 ETP	-5.4%	29,4 ETP	+13.1%	26,0 ETP	+7.0%	24,3 ETP	+9.5%	22,2 ETP	+16.2%	19,1 ETP	+29.1%	14,8 ETP	+23.3%	12,0 ETP	+1.7%	11,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 41 ended

Active mandates

ACACIA I

Director · since 09 janvier 2026 · until 01 juin 2027 · 0699.671.886

Represented by Els Verbraecken

Active

ADEME

Director · since 25 juin 2021 · until 01 juin 2027 · 0471.808.097

Represented by Gregorius Aertssen

Active

AMO

Director · since 25 juin 2021 · until 01 juin 2027 · 0471.807.901

Represented by Luc Aertssen

Active

POLDERDIJK

Director · since 25 juin 2021 · until 01 juin 2027 · 0822.922.759

Represented by Raphaël Aertssen

Active

SAKKA

Director · since 25 juin 2021 · until 01 juin 2027 · 0471.805.327

Represented by Saskia Aertssen

Active

Waterstreet

Director · since 25 juin 2021 · until 01 juin 2027 · 0668.445.905

Represented by Eddy Bruyninckx

Active

Wouter De Geest

Director · since 25 juin 2021 · until 01 juin 2027

Active

Ended mandates

Wouter De Geest

Director · since 05 mai 2020 · until 01 juin 2021

Ended

Wouter De Geest

Director · since 05 mai 2020 · until 25 juin 2021

Ended

Waterstreet

Director · since 01 février 2017 · until 25 juin 2021 · 0668.445.905

Represented by Eddy Bruyninckx

Ended

Waterstreet

Director · since 01 février 2017 · until 01 juin 2021 · 0668.445.905

Represented by Eddy Bruyninckx

Ended

At this address

Other companies at this address

Company	CBE no.
AERTSSEN INDUSTRIAL SERVICES● Active	0767.544.568
Aertssen Infra● Active	0403.813.275
AERTSSEN LIFTING● Active	0441.175.794
AERTSSEN LOGISTICS● Active	0664.571.843
AERTSSEN SERVICES● Active	0404.322.724
AERTSSEN TRANSPORT● Active	0416.893.726
BERAECO● Active	0736.989.964
Beringen Logistics & Terminal● Active	1010.017.844
EYSSELS● Active	0713.700.561
GROEP AERTSSEN● Active	0807.271.612
IMASFIN● Active	0879.156.233
Immo Cordeel-Aertssen● Active	0475.228.437
KLAVERENBOER● Active	0635.825.991
NEWMO● Active	0404.037.563
NEWMO HAREN● Active	0400.379.079
NIEUW TEMSE● Active	0863.448.567
ROLLIT CARGO● Active	0848.690.513
Shipit Terminal● Active	0860.312.497
Smeyers● Active	0437.838.105
SPAACO● Active	0844.884.549

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	m122-f-p	Full model	m122-f-p
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	17/06/2026	03/07/2025	18/06/2024	06/07/2023	13/07/2022	29/06/2021
General meeting	01/06/2026	06/06/2025	03/06/2024	30/06/2023	24/06/2022	25/06/2021
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

46 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	17/06/2026	Dutch	PDF
m122-f-p	31/12/2025	01/06/2026	17/06/2026	English	PDF
m122-f-p	31/12/2025	01/06/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	03/07/2025	Dutch	PDF
m122-f-p	31/12/2024	30/06/2025	03/07/2025	English	PDF
m122-f-p	31/12/2024	30/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	03/06/2024	18/06/2024	Dutch	PDF
m122-f-p	31/12/2023	03/06/2024	18/06/2024	English	PDF
m122-f-p	31/12/2023	03/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	03/07/2023	Dutch	PDF
m122-f-p	31/12/2022	30/06/2023	06/07/2023	English	PDF
m122-f-p	31/12/2022	30/06/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	13/07/2022	Dutch	PDF
m122-f-p	31/12/2021	24/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	25/06/2021	Dutch	PDF
m122-f-p	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	29/06/2020	Dutch	PDF
m122-f-p	31/12/2019	26/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	08/07/2019	Dutch	PDF
m122-f-p	31/12/2018	28/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	27/06/2018	Dutch	PDF
m122-f-p	31/12/2017	19/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	14/06/2017	Dutch	PDF
m122-f-p	31/12/2016	01/06/2017	05/07/2017	Dutch	PDF

View all 46 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 41 ended

Active mandates

ACACIA I

Director · since 09 janvier 2026 · until 01 juin 2027 · 0699.671.886

Represented by Els Verbraecken

Active

ADEME

Director · since 25 juin 2021 · until 01 juin 2027 · 0471.808.097

Represented by Gregorius Aertssen

Active

AMO

Director · since 25 juin 2021 · until 01 juin 2027 · 0471.807.901

Represented by Luc Aertssen

Active

POLDERDIJK

Director · since 25 juin 2021 · until 01 juin 2027 · 0822.922.759

Represented by Raphaël Aertssen

Active

SAKKA

Director · since 25 juin 2021 · until 01 juin 2027 · 0471.805.327

Represented by Saskia Aertssen

Active

Waterstreet

Director · since 25 juin 2021 · until 01 juin 2027 · 0668.445.905

Represented by Eddy Bruyninckx

Active

Wouter De Geest

Director · since 25 juin 2021 · until 01 juin 2027

Active

Ended mandates

Wouter De Geest

Director · since 05 mai 2020 · until 01 juin 2021

Ended

Wouter De Geest

Director · since 05 mai 2020 · until 25 juin 2021

Ended

Waterstreet

Director · since 01 février 2017 · until 25 juin 2021 · 0668.445.905

Represented by Eddy Bruyninckx

Ended

Waterstreet

Director · since 01 février 2017 · until 01 juin 2021 · 0668.445.905

Represented by Eddy Bruyninckx

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2026
BENOEMING BESTUURDER
PDF
Other06/07/2026
—
PDF
Mandates21/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - 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 202512,1 M €↑
2024
Annual accounts 202410,1 M €↓
03/06/2024
reconductionVandeweyer Ben — commissaris
2023
Annual accounts 202326 M €↑
2022
Annual accounts 20229,9 M €↑
01/01/2022
nominationVandeweyer Ben — vaste vertegenwoordiger commissaris
2021
Annual accounts 20219,6 M €↑
2020
Annual accounts 20202,1 M €↓
2019
Annual accounts 20195,5 M €↓
2018
Annual accounts 20186,4 M €↑
2017
Annual accounts 20174,3 M €↓
2017
Name changeAertssen Group
2016
Annual accounts 20165,1 M €↑
2015
Annual accounts 20154,4 M €↓
2014
Annual accounts 20145,7 M €↑
2013
Annual accounts 20134,8 M €↑
2012
Annual accounts 2012-137,6 k €↓
2011
Annual accounts 201113,6 M €↑
2010
Annual accounts 20105,5 M €↑
2009
Annual accounts 200960,2 k €↓
2008
Annual accounts 20084,5 M €↓
2007
Annual accounts 20075,7 M €↑
2006
Annual accounts 20063 M €
2006
Name changeIMASCO
30/12/1982
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

AERTSSEN GROUP

Overview

What does AERTSSEN GROUP do?

Trend over 20 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