ACTIVE

BOSKALIS OFFSHORE TRANSPORT SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

42,2 M €

+220.8% YoY

Revenue

335,5 M €

+31.5% YoY

Equity

416,6 M €

+32.5% YoY

Workforce

85,5 ETP

+4.0% YoY

What does BOSKALIS OFFSHORE TRANSPORT SERVICES do?

BOSKALIS OFFSHORE TRANSPORT SERVICES is a Public limited company incorporated in 1999. Its registered office is in Antwerpen. It employs on average 85,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.116.645

Incorporation

30/12/1999

Legal form

Public limited company

Registered office

Sint-Pietersvliet 7
2000 Antwerpen · FlandreSee on map

Contributed capital

332 512 722,00 €

Latest accounts

31/12/2025

Average workforce

85,5 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2017		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Revenue	335,5 M €	+31.5%	255,2 M €	+9.2%	233,7 M €	+372%	49,5 M €	+0.0%	49,5 M €	-3.9%	51,5 M €	+15.6%	44,6 M €	+39.5%	31,9 M €	-3.9%	33,2 M €	+85.4%	17,9 M €	-11.1%	20,2 M €	-2.5%	20,7 M €	+2.5%	20,2 M €
EBITDA	75,1 M €	+214%	23,9 M €	-55.1%	53,3 M €	+559%	-11,6 M €	-387%	4,1 M €	-64.2%	11,3 M €	+80.0%	6,3 M €	+770%	723,3 k €	-93.0%	10,4 M €	+1189%	805,1 k €	-89.1%	7,4 M €	+16.4%	6,4 M €	-14.2%	7,4 M €
Operating result	48,8 M €	+364%	10,5 M €	-72.6%	38,4 M €	+342%	-15,9 M €	-2529%	-603,0 k €	-109%	6,7 M €	+307%	1,6 M €	+142%	-3,9 M €	-168%	5,8 M €	+314%	-2,7 M €	-156%	4,9 M €	-20.7%	6,1 M €	-13.2%	7,1 M €
Net result	42,2 M €	+221%	13,1 M €	-62.3%	34,9 M €	+313%	-16,4 M €	-1123%	-1,3 M €	-119%	7,2 M €	+316%	1,7 M €	+146%	-3,7 M €	-163%	5,9 M €	+346%	-2,4 M €	-147%	5,1 M €	-7.4%	5,5 M €	-23.5%	7,2 M €
Balance sheet
Equity	416,6 M €	+32.5%	314,5 M €	+42.1%	221,3 M €	+1201%	17,0 M €	-54.9%	37,7 M €	-3.4%	39,1 M €	+22.5%	31,9 M €	+5.7%	30,2 M €	-11.0%	33,9 M €	+21.2%	28,0 M €	-7.9%	30,4 M €	+178%	10,9 M €	+98.8%	5,5 M €
Total assets	508,0 M €	+24.5%	408,0 M €	+2.5%	398,0 M €	+755%	46,6 M €	-18.0%	56,8 M €	-19.8%	70,8 M €	-0.1%	70,8 M €	-4.5%	74,2 M €	-18.6%	91,1 M €	-6.4%	97,4 M €	+51.7%	64,2 M €	+327%	15,0 M €	-10.4%	16,8 M €
Cash	190,3 k €	+81.2%	105,0 k €	+408%	20,7 k €	-93.7%	330,5 k €	-74.0%	1,3 M €	-44.7%	2,3 M €	+167%	859,7 k €	+155%	337,5 k €	-28.4%	471,7 k €	+548%	72,8 k €	-1.6%	73,9 k €	+57.2%	47,0 k €	-72.9%	173,6 k €
Debts	57,8 M €	-9.8%	64,0 M €	-32.3%	94,6 M €	+264%	26,0 M €	+63.7%	15,9 M €	-41.7%	27,2 M €	-21.4%	34,6 M €	-10.7%	38,8 M €	-24.5%	51,4 M €	-18.0%	62,7 M €	+130%	27,3 M €	+702%	3,4 M €	-66.8%	10,2 M €
Other
Workforce	85,5 ETP	+4.0%	82,2 ETP	-5.2%	86,7 ETP	-61.8%	227,1 ETP	-14.4%	265,4 ETP	+0.5%	264,1 ETP	+1.6%	259,9 ETP	+18.1%	220,0 ETP	+9.8%	200,3 ETP	+16.1%	172,5 ETP	+27.9%	134,9 ETP	+3.5%	130,3 ETP	+1.5%	128,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 30 ended

Active mandates

Bart Heijermans

Managing director · since 04 octobre 2024 · until 17 mai 2027

Active

Steve Van Hulle

Managing director · since 04 octobre 2024 · until 17 mai 2027

Active

Ended mandates

Bart Heijermans

Managing director · since 05 octobre 2023 · until 27 mai 2027

Ended

Steve Van Hulle

Managing director · since 05 octobre 2023 · until 27 mai 2027

Ended

Alexander Bikkers

Chairman of the board of directors · since 16 juin 2017 · until 13 avril 2023

Ended

Hermanus van Raaphorst

Managing director · since 16 juin 2017 · until 13 avril 2023

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	22/06/2026	27/05/2025	05/10/2024	24/10/2023	24/10/2022	08/11/2021
General meeting	15/06/2026	26/05/2025	04/10/2024	20/10/2023	14/10/2022	26/10/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/06/2026	22/06/2026	Dutch	PDF
Full model	31/12/2024	26/05/2025	27/05/2025	Dutch	PDF
Full model	31/12/2023	04/10/2024	05/10/2024	Dutch	PDF
Full model	31/12/2022	20/10/2023	24/10/2023	Dutch	PDF
Full model	31/12/2021	14/10/2022	24/10/2022	Dutch	PDF
Full model	31/12/2020	26/10/2021	08/11/2021	Dutch	PDF
Full model	31/12/2019	27/07/2020	18/08/2020	Dutch	PDF
Full model	31/12/2018	17/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	20/07/2018	26/07/2018	Dutch	PDF
Full modelCorrection	31/12/2016	16/06/2017	08/11/2017	Dutch	PDF
Full model	31/12/2016	16/06/2017	12/07/2017	Dutch	PDF
Full model	31/12/2015	14/04/2016	04/05/2016	Dutch	PDF
Full model	31/12/2014	09/04/2015	07/05/2015	Dutch	PDF
Full model	31/12/2013	10/04/2014	22/04/2014	Dutch	PDF
Full model	31/12/2012	11/04/2013	14/06/2013	Dutch	PDF
Full model	31/12/2011	14/04/2012	31/05/2012	Dutch	PDF
Full model	31/12/2010	14/04/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	08/04/2010	30/04/2010	Dutch	PDF
Full model	31/12/2008	09/04/2009	04/05/2009	Dutch	PDF
Full model	31/12/2007	10/04/2008	30/04/2008	Dutch	PDF
Full model	31/12/2006	12/04/2007	09/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 · 2 active · 30 ended

Active mandates

Bart Heijermans

Managing director · since 04 octobre 2024 · until 17 mai 2027

Active

Steve Van Hulle

Managing director · since 04 octobre 2024 · until 17 mai 2027

Active

Ended mandates

Bart Heijermans

Managing director · since 05 octobre 2023 · until 27 mai 2027

Ended

Steve Van Hulle

Managing director · since 05 octobre 2023 · until 27 mai 2027

Ended

Alexander Bikkers

Chairman of the board of directors · since 16 juin 2017 · until 13 avril 2023

Ended

Hermanus van Raaphorst

Managing director · since 16 juin 2017 · until 13 avril 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF
Mandates24/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates26/11/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Capital / shares21/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares18/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates11/01/2022
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 202542,2 M €↑
2024
Annual accounts 202413,1 M €↓
13/12/2024
augmentation_capital
04/10/2024
reconductionBart Heijermans — bestuurders en gedelegeerd bestuurders
04/10/2024
reconductionSteve Van Hulle — bestuurders en gedelegeerd bestuurders
04/10/2024
reconductionSteve Van Hulle — gedelegeerd bestuurder
04/10/2024
reconductionBart Heijermans — gedelegeerd bestuurder
2023
Annual accounts 202334,9 M €↑
18/12/2023
augmentation_capital
15/12/2022
reduction_capital
15/12/2022
augmentation_capital
27/07/2020
reconductionJANSSEN Olaf — commissaris
2017
Annual accounts 2017-16,4 M €↓
2015
Annual accounts 2015-1,3 M €↓
2014
Annual accounts 20147,2 M €↑
2013
Annual accounts 20131,7 M €↑
2013
Name changeBoskalis Offshore Transport Services
2012
Annual accounts 2012-3,7 M €↓
2011
Annual accounts 20115,9 M €↑
2010
Annual accounts 2010-2,4 M €↓
2009
Annual accounts 20095,1 M €↓
2009
Name changeSMIT TRANSPORT BELGIUM
2007
Annual accounts 20075,5 M €↓
2006
Annual accounts 20067,2 M €
2006
Name changeURS OCEAN TOWAGE
30/12/1999
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

BOSKALIS OFFSHORE TRANSPORT SERVICES

Overview

What does BOSKALIS OFFSHORE TRANSPORT SERVICES do?

Trend over 13 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