ACTIVE

BAGGERWERKEN DECLOEDT & ZOON

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Financial year 2025 · Closed on 31/12/2025

Net result
102,5 M €
+74,2 %over 1 year
Revenue
159,3 M €
+2,5 %over 1 year
Equity
234,6 M €
-8,8 %over 1 year
Workforce
230,2 ETP
-6,3 %over 1 year

Identity

Source · BCE/KBO

BAGGERWERKEN DECLOEDT & ZOON is a Public limited company incorporated in 1989. Its main activity is: Construction of water projects. Its registered office is in Oostende. It employs on average 230,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0439.043.675
Incorporation
29/12/1989
Legal form
Public limited company
Registered office
Slijkensesteenweg 2
8400 Oostende · FlandreSee on map
Contributed capital
99 622 231,90 €
Latest accounts
31/12/2025
Average workforce
230,2 ETP
Joint committees (5)
  • 124
  • 200
  • 211
  • 218
  • 316
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue159,3 M €155,5 M €126,7 M €173,9 M €263,2 M €
EBITDA41,3 M €39 M €22,5 M €14,1 M €1,4 M €
Operating result38,3 M €28 M €15,7 M €3,9 M €9 M €
Net result102,5 M €58,8 M €31,6 M €18,5 M €8,6 M €
Balance sheet
Equity234,6 M €257,2 M €248,4 M €251,8 M €167,9 M €
Total assets366,4 M €380,9 M €364,1 M €381,5 M €351,8 M €
Cash238 k €401,2 k €757,7 k €3,6 M €10,8 M €
Debts113,5 M €105,5 M €104,8 M €120,6 M €176,6 M €
Other
Workforce230,2 ETP245,7 ETP255,5 ETP278,2 ETP288,0 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 · 30 ended

Active mandates

CHRISTOPHE IWENS

Director · since 14 mai 2024 · until 14 mai 2030

Active
ERIC TANCRE

Director · since 14 mai 2024 · until 14 mai 2030

Active
HUGO BOUVY

Director · since 14 mai 2024 · until 14 mai 2030

Active
LUC VANDENBULCKE

Chairman of the board of directors · since 14 mai 2024 · until 14 mai 2030

Active
SOFIE VERLINDEN

Director · since 14 mai 2024 · until 14 mai 2030

Active
STIJN GAYTANT

Director · since 01 mai 2024 · until 14 mai 2030

Active

Ended mandates

CHRISTOPHE IWENS

Director · since 09 janvier 2023 · until 14 mai 2024

Ended
CHRISTOPHE IWENS

Director · since 09 janvier 2023 · until 14 mai 2030

Ended
SOFIE VERLINDEN

Director · since 02 novembre 2020 · until 14 mai 2024

Ended
SOFIE VERLINDEN

Director · since 02 novembre 2020 · until 14 mai 2030

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/05/202620/05/202519/06/202414/06/202314/06/202231/05/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202211/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202621/05/2026DutchPDF
Full model31/12/202413/05/202520/05/2025DutchPDF
Full model31/12/202314/05/202419/06/2024DutchPDF
Full model31/12/202209/05/202314/06/2023DutchPDF
Full model31/12/202110/05/202214/06/2022DutchPDF
Full model31/12/202011/05/202131/05/2021DutchPDF
Full model31/12/201912/05/202011/06/2020DutchPDF
Full model31/12/201814/05/201911/06/2019DutchPDF
Full model31/12/201708/05/201805/06/2018DutchPDF
Full model31/12/201609/05/201702/06/2017DutchPDF
Full model31/12/201510/05/201625/05/2016DutchPDF
Full model31/12/201412/05/201529/05/2015DutchPDF
Full model31/12/201313/05/201426/05/2014DutchPDF
Full model31/12/201214/05/201306/06/2013DutchPDF
Full model31/12/201108/05/201225/05/2012DutchPDF
Full model31/12/201010/05/201109/06/2011DutchPDF
Full model31/12/200911/05/201004/06/2010DutchPDF
Full model31/12/200812/05/200909/06/2009DutchPDF
Full model31/12/200714/05/200805/06/2008DutchPDF
Full model31/12/200608/05/200704/06/2007DutchPDF

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 · 30 ended

Active mandates

CHRISTOPHE IWENS

Director · since 14 mai 2024 · until 14 mai 2030

Active
ERIC TANCRE

Director · since 14 mai 2024 · until 14 mai 2030

Active
HUGO BOUVY

Director · since 14 mai 2024 · until 14 mai 2030

Active
LUC VANDENBULCKE

Chairman of the board of directors · since 14 mai 2024 · until 14 mai 2030

Active
SOFIE VERLINDEN

Director · since 14 mai 2024 · until 14 mai 2030

Active
STIJN GAYTANT

Director · since 01 mai 2024 · until 14 mai 2030

Active

Ended mandates

CHRISTOPHE IWENS

Director · since 09 janvier 2023 · until 14 mai 2024

Ended
CHRISTOPHE IWENS

Director · since 09 janvier 2023 · until 14 mai 2030

Ended
SOFIE VERLINDEN

Director · since 02 novembre 2020 · until 14 mai 2024

Ended
SOFIE VERLINDEN

Director · since 02 novembre 2020 · until 14 mai 2030

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/06/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates18/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025102,5 M €↑
  2. 13/05/2025
    reconductionWim Van Gasse — commissaris
  3. 2025
    Name changeBAGGERWERKEN DECLOEDT & ZOON
  4. 2024
    Annual accounts 202458,8 M €↑
  5. 14/05/2024
    reconductionLuc Vandenbulcke — bestuurder
  6. 14/05/2024
    reconductionHugo Bouvy — bestuurder
  7. 14/05/2024
    reconductionEric Tancré — bestuurder
  8. 14/05/2024
    reconductionSofie Verlinden — bestuurder
  9. 14/05/2024
    reconductionChristopher Iwens — bestuurder
  10. 01/05/2024
    nominationStijn Gaytant — bestuurder
  11. 2023
    Annual accounts 202331,6 M €↑
  12. 17/01/2023
    nominationChristopher lwens — gedelegeerd bestuurder
  13. 09/01/2023
    nominationChristopher lwens — bestuurder
  14. 2022
    Annual accounts 202218,5 M €↑
  15. 2021
    Annual accounts 20218,6 M €↓
  16. 2021
    Name changeBAGGERWERKEN DECLOEDT EN ZOON
  17. 2020
    Annual accounts 202013,6 M €↓
  18. 2019
    Annual accounts 201917,3 M €↓
  19. 2018
    Annual accounts 201882 M €↑
  20. 2017
    Annual accounts 201716,2 M €↑
  21. 2016
    Annual accounts 20166,9 M €↓
  22. 2015
    Annual accounts 201542,9 M €↑
  23. 2014
    Annual accounts 201417,4 M €↓
  24. 2013
    Annual accounts 201322,3 M €↓
  25. 2012
    Annual accounts 201240,6 M €↑
  26. 2011
    Annual accounts 201128,9 M €↑
  27. 2010
    Annual accounts 201015,2 M €↓
  28. 2009
    Annual accounts 200918,1 M €↑
  29. 2008
    Annual accounts 20088,4 M €
  30. 29/12/1989
    IncorporationPublic limited company