ACTIVE

INTERNATIONAL CAR OPERATORS

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Financial year 2026 · Closed on 31/03/2026

Net result33,3 M €+7,9 %over 1 year
Revenue226 M €+3,4 %over 1 year
Equity186,4 M €+7,7 %over 1 year
Workforce330,9 ETP-0,5 %over 1 year

Identity

Source · BCE/KBO

INTERNATIONAL CAR OPERATORS is a Public limited company incorporated in 2003. Its main activity is: Service activities incidental to water transportation. Its registered office is in Brugge. It employs on average 330,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0479.469.515
Incorporation
04/02/2003
Legal form
Public limited company
Registered office
Margareta van Oostenrijkstraat 1
8380 Brugge · FlandreSee on map
Contributed capital
104 500 275,00 €
Latest accounts
31/03/2026
Average workforce
330,9 ETP
Joint committees (7)
  • 111
  • 112
  • 209
  • 211
  • 226
  • 30101
  • 30105
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 24 filings

Trend over 15 financial years

20262025202420232022
Income statement
Revenue226 M €218,6 M €213 M €182,2 M €144,6 M €
EBITDA52,3 M €48,9 M €30,4 M €31,3 M €18,6 M €
Operating result41,8 M €39,5 M €21,9 M €23,1 M €9,4 M €
Net result33,3 M €30,9 M €18,7 M €17,7 M €7 M €
Balance sheet
Equity186,4 M €173 M €147,1 M €128,5 M €128,7 M €
Total assets250,2 M €242,8 M €204,7 M €165,6 M €160,2 M €
Cash1,8 M €4,8 M €5,7 M €8,4 M €1,6 M €
Debts63,9 M €69,8 M €57,4 M €36,8 M €31,2 M €
Other
Workforce330,9 ETP332,6 ETP326,5 ETP304,7 ETP295,4 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 31/03/2026

3 active · 31 ended

Active mandates

Carl-Johan Hagman

Director · since 18 juin 2024 · until 14 juin 2030

Active
Konishi Takayuki

Director · since 18 juin 2024 · until 14 juin 2030

Active
Marc Adriansens

Managing director · since 18 juin 2024 · until 14 juin 2030

Active

Ended mandates

Marc Adriansens

Managing director · since 26 septembre 2023 · until 26 septembre 2029

Ended
Mochida Satoru

Director · since 15 septembre 2020 · until 26 septembre 2023

Ended
Moriya Tomoo

Director · since 17 septembre 2019 · until 15 septembre 2020

Ended
Anri Fukuya

Director · since 26 septembre 2017 · until 26 septembre 2023

Ended

Other companies at this address

Margareta van Oostenrijkstraat 1 8380 Brugge
CompanyCBE no.
ICO Move● Active
0821.919.404
ICO Technics● Active
0828.474.327
ICO WINDPARK● Active
0725.933.548

Full financial information

Source · NBB
202620252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/09/202624/09/202524/09/202429/09/202329/09/202229/09/2021
General meeting22/09/202623/09/202524/09/202426/09/202327/09/202228/09/2021
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, 24 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202622/09/202622/09/2026DutchPDF
Full model31/03/202523/09/202524/09/2025DutchPDF
Full model31/03/202424/09/202424/09/2024DutchPDF
Full model31/03/202326/09/202329/09/2023DutchPDF
Full model31/03/202227/09/202229/09/2022DutchPDF
Full model31/03/202128/09/202129/09/2021DutchPDF
Full model31/03/202022/09/202023/09/2020DutchPDF
Full model31/03/201924/09/201927/09/2019DutchPDF
Full model31/03/201825/09/201825/09/2018DutchPDF
Full model31/03/201726/09/201726/09/2017DutchPDF
Full modelCorrection31/03/201620/09/201630/05/2017DutchPDF
Full model31/03/201620/09/201620/09/2016DutchPDF
Full model31/03/201522/09/201510/03/2016DutchPDF
Full model31/03/201423/09/201425/09/2014DutchPDF
Full model31/03/201324/09/201324/09/2013DutchPDF
Full modelCorrection31/03/201211/07/201204/03/2014DutchPDF
Full model31/03/201225/09/201225/09/2012DutchPDF
Full modelCorrection31/03/201127/09/201125/02/2014DutchPDF
Full model31/03/201127/09/201106/10/2011DutchPDF
Full model31/03/201002/12/201016/12/2010DutchPDF
Full modelCorrection31/03/200908/09/200926/02/2014DutchPDF
Full model31/03/200908/09/200918/03/2010DutchPDF
Full modelCorrection31/03/200830/12/200825/02/2014DutchPDF
Full model31/03/200804/06/200826/01/2009DutchPDF

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 31/03/2026

3 active · 31 ended

Active mandates

Carl-Johan Hagman

Director · since 18 juin 2024 · until 14 juin 2030

Active
Konishi Takayuki

Director · since 18 juin 2024 · until 14 juin 2030

Active
Marc Adriansens

Managing director · since 18 juin 2024 · until 14 juin 2030

Active

Ended mandates

Marc Adriansens

Managing director · since 26 septembre 2023 · until 26 septembre 2029

Ended
Mochida Satoru

Director · since 15 septembre 2020 · until 26 septembre 2023

Ended
Moriya Tomoo

Director · since 17 septembre 2019 · until 15 septembre 2020

Ended
Anri Fukuya

Director · since 26 septembre 2017 · until 26 septembre 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/09/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/07/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/07/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/08/2014
    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. 2026
    Annual accounts 202633,3 M €↑
  2. 2025
    Annual accounts 202530,9 M €↑
  3. 2024
    Annual accounts 202418,7 M €↑
  4. 2023
    Annual accounts 202317,7 M €↑
  5. 2022
    Annual accounts 20227 M €↑
  6. 2021
    Annual accounts 20215,5 M €↓
  7. 2020
    Annual accounts 202011,1 M €↑
  8. 2019
    Annual accounts 20196,1 M €↑
  9. 2018
    Annual accounts 20183,9 M €↓
  10. 2017
    Annual accounts 20175,1 M €↑
  11. 2016
    Annual accounts 20162,8 k €↑
  12. 2015
    Annual accounts 2015-2,6 M €↓
  13. 2012
    Annual accounts 2012319 k €↑
  14. 2009
    Annual accounts 2009-1,6 M €↑
  15. 2008
    Annual accounts 2008-2,7 M €
  16. 04/02/2003
    IncorporationPublic limited company