ACTIVE

BOSKALIS OFFSHORE TRANSPORT SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result42,2 M €+220,8 %over 1 year

Revenue335,5 M €+31,5 %over 1 year

Equity416,6 M €+32,5 %over 1 year

Workforce85,5 ETP+4,0 %over 1 year

Identity

Source · BCE/KBO

BOSKALIS OFFSHORE TRANSPORT SERVICES is a Public limited company incorporated in 1999. Its main activity is: Sea and coastal freight water transport. 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

Activities (NACE)

50200Sea and coastal freight water transport· main 50200Sea and coastal freight water transport 52220Service activities incidental to water transportation 52220Service activities incidental to water transportation 61100Wired telecommunications activities 71220Technical testing and analysis+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 13 financial years

	2025		2024		2023		2017		2015
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 €
EBITDA	75,1 M €	+214%	23,9 M €	-55.1%	53,3 M €	+559%	-11,6 M €	-387%	4,1 M €
Operating result	48,8 M €	+364%	10,5 M €	-72.6%	38,4 M €	+342%	-15,9 M €	-2529%	-603 k €
Net result	42,2 M €	+221%	13,1 M €	-62.3%	34,9 M €	+313%	-16,4 M €	-1123%	-1,3 M €
Balance sheet
Equity	416,6 M €	+32.5%	314,5 M €	+42.1%	221,3 M €	+1201%	17 M €	-54.9%	37,7 M €
Total assets	508 M €	+24.5%	408 M €	+2.5%	398 M €	+755%	46,6 M €	-18.0%	56,8 M €
Cash	190,3 k €	+81.2%	105 k €	+408%	20,7 k €	-93.7%	330,5 k €	-74.0%	1,3 M €
Debts	57,8 M €	-9.8%	64 M €	-32.3%	94,6 M €	+264%	26 M €	+63.7%	15,9 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

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Heijermans	Managing director05/10/2023 → 27/05/2027
Steve Van Hulle	Managing director03/02/2015 → 27/05/2027Directorlisted until the 2014 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander Bikkers	Chairman of the board of directors01/12/2015 → 2017 accounts
Hermanus van Raaphorst	Managing director01/12/2015 → 2017 accounts

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Sint-Pietersvliet 7 2000 Antwerpen

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BTW eenheid Boskalis● Active	0542.748.355
Bubbly-Doo● Active	0727.776.548
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DASHDOC BE● Active	0799.968.797
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Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

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

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

2 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Heijermans	Managing director05/10/2023 → 27/05/2027
Steve Van Hulle	Managing director03/02/2015 → 27/05/2027Directorlisted until the 2014 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander Bikkers	Chairman of the board of directors01/12/2015 → 2017 accounts
Hermanus van Raaphorst	Managing director01/12/2015 → 2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/10/2026
HERBENOEMING COMMISSARIS
PDF
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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Bart Heijermans

Steve Van Hulle

Alexander Bikkers

Hermanus van Raaphorst

Ann Porte

Peter Vierstraete

Willem Vogelaar

Patrick Donckier de Donceel

Steve Declercq

Walter De Schepper

Christiaan De Block

19992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

BOSKALIS OFFSHORE TRANSPORT SERVICESSMIT TRANSPORT BELGIUMURS OCEAN TOWAGE

Sint-Pietersvliet 7, 2000 AntwerpItaliëlei 3 bte 2, 2000 Antwerp

Managing director

Chairman of the board of directors

Managing director

Director

Chairman of the board of directors

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Sint-Pietersvliet 7, 2000 AntwerpCurrent	accounts 2025	Accounts 2025 · 2026-00186579
Italiëlei 3 bte 2, 2000 Antwerp	accounts 2023 → 2024	Accounts 2024 · 2025-00110990

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BOSKALIS OFFSHORE TRANSPORT SERVICESCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00186579
SMIT TRANSPORT BELGIUM	accounts 2009 → 2012	Accounts 2012 · 2013-18000209
URS OCEAN TOWAGE	accounts 2006 → 2007	Accounts 2007 · 2008-12200142

Events

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 €
30/12/1999
IncorporationPublic limited company

BOSKALIS OFFSHORE TRANSPORT SERVICES

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

Company names

Events