ACTIVE

PSA Breakbulk

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Financial year 2025 · closed on 31/12/2025
Net result
5,6 M €
-14.1% YoY
Revenue
54,4 M €
-4.8% YoY
Equity
24,0 M €
+17.5% YoY
Workforce
28,3 ETP
+9.7% YoY

What does PSA Breakbulk do?

PSA Breakbulk is a Public limited company incorporated in 2018. Its main activity is: Service activities incidental to water transportation. Its registered office is in Antwerpen. It employs on average 28,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0689.746.214
Incorporation
02/02/2018
Legal form
Public limited company
Registered office
Napelsstraat 79
2000 Antwerpen · FlandreSee on map
Contributed capital
2 736 028,66 €
Latest accounts
31/12/2025
Average workforce
28,3 ETP
Activities (NACE)
52220Service activities incidental to water transportation· main52220Service activities incidental to water transportation
Joint committees (1)
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Revenue54,4 M €57,1 M €53,3 M €48,1 M €39,1 M €23,7 M €63,8 M €
EBITDA9,8 M €10,4 M €8,4 M €5,9 M €5,9 M €735,2 k €1,7 M €
Operating result7,4 M €8,6 M €5,1 M €3,9 M €4,0 M €-283,5 k €361,2 k €
Net result5,6 M €6,5 M €3,7 M €2,9 M €3,0 M €-360,6 k €223,4 k €
Balance sheet
Equity24,0 M €20,4 M €13,9 M €10,2 M €7,4 M €1,3 M €1,7 M €
Total assets39,2 M €38,9 M €32,7 M €28,0 M €25,5 M €16,9 M €9,4 M €
Cash4,1 M €4,7 M €8,0 M €3,4 M €4,4 M €932,4 k €806,0 k €
Debts13,3 M €16,3 M €16,0 M €16,2 M €16,6 M €15,1 M €7,3 M €
Other
Workforce28,3 ETP25,8 ETP25,8 ETP24,7 ETP22,4 ETP27,8 ETP29,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 6 ended

Active mandates

Kok Sin TAH

Director · since 05 juillet 2024 · until 28 juin 2030

Active
David VAN EYNDE

Director · since 01 décembre 2021 · until 25 juin 2027

Active
Heiko BRÜCKNER

Director · since 14 juillet 2021 · until 25 juin 2027

Active
Pascal REINARDS

Director · since 14 juillet 2021 · until 25 juin 2027

Active
Peter STÖTTINGER

Director · since 14 juillet 2021 · until 25 juin 2027

Active

Ended mandates

Cameron THORPE

Director · since 14 juillet 2021 · until 05 juillet 2024

Ended
Cameron THORPE

Director · since 14 juillet 2021 · until 25 juin 2027

Ended
Thomas BOURREAU

Director · since 01 octobre 2019 · until 30 mai 2025

Ended
David Antonius YANG

Director · since 02 février 2018 · until 02 février 2024

Ended
At this address

Other companies at this address

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0876.706.685
ANTWERP TERMINAL SERVICES● Active
0506.666.137
COMPUTER SOFTWARE, MANAGEMENT, OPERATIONS AND SERVICES● Active
0447.255.518
GLOBAL PORTS SERVICES● Active
0694.876.128
MSC PSA EUROPEAN TERMINAL● Active
0552.527.539
NOREXA● Liquidation
0431.051.172
PSA Antwerp● Active
0442.652.075
PSA Baltics● Active
0715.850.397
PSA BELGIUM● Active
0715.847.132
PSA Belgium Holdings● Active
0778.443.014
PSA Belgium Ventures● Active
0723.677.705
PSA FINANCE EUROPE● Active
0882.346.048
PSA Genoa Investments● Active
0751.776.823
PSA Intermodal Italy● Active
1024.460.847
PSA Investments● Active
0671.672.441
PSA Marine Belgium● Active
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PSA Padova Belgium● Active
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PSA Supply Chain Solutions Belgium● Active
0776.990.091
Annual accounts

Full financial information

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 date15/07/202624/07/202514/08/202426/07/202325/07/202218/06/2021
General meeting26/06/202627/06/202509/08/202430/06/202324/06/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202615/07/2026DutchPDF
Full model31/12/202427/06/202524/07/2025DutchPDF
Full model31/12/202309/08/202414/08/2024DutchPDF
Full model31/12/202230/06/202326/07/2023DutchPDF
Full model31/12/202124/06/202225/07/2022DutchPDF
Full model31/12/202028/05/202118/06/2021DutchPDF
Full model31/12/201930/06/202022/07/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 5 active · 6 ended

Active mandates

Kok Sin TAH

Director · since 05 juillet 2024 · until 28 juin 2030

Active
David VAN EYNDE

Director · since 01 décembre 2021 · until 25 juin 2027

Active
Heiko BRÜCKNER

Director · since 14 juillet 2021 · until 25 juin 2027

Active
Pascal REINARDS

Director · since 14 juillet 2021 · until 25 juin 2027

Active
Peter STÖTTINGER

Director · since 14 juillet 2021 · until 25 juin 2027

Active

Ended mandates

Cameron THORPE

Director · since 14 juillet 2021 · until 05 juillet 2024

Ended
Cameron THORPE

Director · since 14 juillet 2021 · until 25 juin 2027

Ended
Thomas BOURREAU

Director · since 01 octobre 2019 · until 30 mai 2025

Ended
David Antonius YANG

Director · since 02 février 2018 · until 02 février 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring20/08/2021
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring15/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates09/12/2020
    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

Timeline

  1. 2025
    Annual accounts 20255,6 M €↓
  2. 2024
    Annual accounts 20246,5 M €↑
  3. 2023
    Annual accounts 20233,7 M €↑
  4. 2022
    Annual accounts 20222,9 M €↓
  5. 2021
    Annual accounts 20213,0 M €↑
  6. 2020
    Annual accounts 2020-360,6 k €↓
  7. 2019
    Annual accounts 2019223,4 k €
  8. 02/02/2018
    IncorporationPublic limited company