ACTIVE

NCS SHIPPING

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Financial year 2025 · closed on 31/12/2025

Net result

25,6 k €

+2.3% YoY

Gross margin

2 M €

+34.7% YoY

Equity

1,5 M €

+1.8% YoY

Workforce

15,9 ETP

What does NCS SHIPPING do?

NCS SHIPPING is a Public limited company incorporated in 2016. Its main activity is: Support activities for transportation. Its registered office is in Brugge. It employs on average 15,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0658.948.516

Incorporation

13/07/2016

Legal form

Public limited company

Registered office

Koggenstraat 30
8380 Brugge · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

15,9 ETP

Activities (NACE)

52250Support activities for transportation· main 52290Other transportation support activities

Joint committees (1)

2260

Signals

ProfitableSolid equityLow riskGood liquidityPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016
Income statement
Gross margin	2 M €	+34.7%	1,5 M €	-20.7%	1,9 M €	-6.2%	2 M €	+41.3%	1,4 M €	+16.1%	1,2 M €	+12.2%	1,1 M €	-7.8%	1,2 M €	+112%	553,3 k €
EBITDA	66,4 k €	-24.3%	87,7 k €	-75.5%	357,1 k €	-49.6%	708,7 k €	+154%	279,3 k €	+45.4%	192 k €	+24.8%	153,9 k €	+4.1%	147,8 k €	+31.0%	112,8 k €
Operating result	166 k €	+256%	46,7 k €	-63.2%	126,9 k €	-80.3%	643,5 k €	+188%	223,8 k €	+72.1%	130 k €	+68.5%	77,2 k €	-11.2%	86,9 k €	+65.5%	52,5 k €
Net result	25,6 k €	+2.3%	25 k €	+2.0%	24,5 k €	-94.5%	448,2 k €	+367%	96 k €	-14.3%	111,9 k €	+472%	19,6 k €	-10.4%	21,8 k €	+614%	3,1 k €
Balance sheet
Equity	1,5 M €	+1.8%	1,5 M €	+1.7%	1,4 M €	+1.7%	1,4 M €	+46.8%	958 k €	+9.3%	876,2 k €	+14.6%	764,3 k €	+2.6%	744,7 k €	+1.2%	735,8 k €
Total assets	2,8 M €	+0.8%	2,7 M €	-11.1%	3,1 M €	-18.6%	3,8 M €	+9.5%	3,4 M €	+37.8%	2,5 M €	+2.6%	2,4 M €	-19.2%	3 M €	+0.6%	3 M €
Cash	480,1 k €	+193%	164,1 k €	-81.7%	894,5 k €	+200%	297,7 k €	-17.8%	362,3 k €	+47.0%	246,5 k €	+60.1%	154 k €	+3.0%	149,5 k €	-72.2%	537,7 k €
Debts	1,2 M €	+10.6%	1,1 M €	-25.9%	1,5 M €	-37.7%	2,4 M €	-4.5%	2,5 M €	+52.4%	1,6 M €	-3.2%	1,7 M €	-26.1%	2,3 M €	+0.1%	2,3 M €
Other
Workforce	15,9 ETP		0,0 ETP	-100%	16,2 ETP	+10.2%	14,7 ETP	+10.5%	13,3 ETP	-3.6%	13,8 ETP	+10.4%	12,5 ETP	-3.8%	13,0 ETP	+150%	5,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Happinez

Managing director · since 09 décembre 2020 · 0807.731.371

Represented by Pierre Evrard

Active

FLOBO

Administrator - manager · 0803.371.915

Represented by Pieter Floryn

Active

Ended mandates

Happinez

Director · since 13 juillet 2016 · 0807.731.371

Represented by Pierre EVRARD

Ended

Happinez

Director · since 13 juillet 2016 · 0807.731.371

Represented by Pierre Evrard

Ended

Happinez

Manager · since 13 juillet 2016 · 0807.731.371

Represented by Pierre Evrard

Ended

Luc De Bruycker

Director · since 13 juillet 2016

Ended

At this address

Other companies at this address

Company	CBE no.
ACA CUSTOMS● Active	0448.324.397
Happinez● Active	0807.731.371
NEW CLASS LOGISTICS● Active	0888.855.441
PORTALIS LOGISTICS● Active	1020.996.066

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	31/08/2025	30/08/2024	30/09/2023	29/08/2022	30/08/2021
General meeting	01/06/2026	02/06/2025	03/04/2024	05/06/2023	07/06/2022	07/06/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	03/04/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	30/09/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	11/06/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	13/06/2018	Dutch	PDF
Abridged model	31/12/2016	05/06/2017	23/08/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 9 ended

Active mandates

Happinez

Managing director · since 09 décembre 2020 · 0807.731.371

Represented by Pierre Evrard

Active

FLOBO

Administrator - manager · 0803.371.915

Represented by Pieter Floryn

Active

Ended mandates

Happinez

Director · since 13 juillet 2016 · 0807.731.371

Represented by Pierre EVRARD

Ended

Happinez

Director · since 13 juillet 2016 · 0807.731.371

Represented by Pierre Evrard

Ended

Happinez

Manager · since 13 juillet 2016 · 0807.731.371

Represented by Pierre Evrard

Ended

Luc De Bruycker

Director · since 13 juillet 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other08/08/2016
DIVERSEN
PDF
Other15/07/2016
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202525,6 k €↑
2024
Annual accounts 202425 k €↑
2023
Annual accounts 202324,5 k €↓
2022
Annual accounts 2022448,2 k €↑
2021
Annual accounts 202196 k €↓
2019
Annual accounts 2019111,9 k €↑
2018
Annual accounts 201819,6 k €↓
2017
Annual accounts 201721,8 k €↑
2016
Annual accounts 20163,1 k €
13/07/2016
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

NCS SHIPPING

Overview

What does NCS SHIPPING do?

Trend over 9 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