ACTIVE

PSA Breakbulk

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Financial year 2025 · Closed on 31/12/2025

Net result5,6 M €-14,1 %over 1 year

Revenue54,4 M €-4,8 %over 1 year

Equity24 M €+17,5 %over 1 year

Workforce28,3 ETP+9,7 %over 1 year

Identity

Source · BCE/KBO

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· main 52220Service activities incidental to water transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 7 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	54,4 M €	-4.8%	57,1 M €	+7.2%	53,3 M €	+10.8%	48,1 M €	+22.9%	39,1 M €
EBITDA	9,8 M €	-5.6%	10,4 M €	+24.7%	8,4 M €	+40.7%	5,9 M €	+0.8%	5,9 M €
Operating result	7,4 M €	-13.4%	8,6 M €	+69.5%	5,1 M €	+30.8%	3,9 M €	-4.5%	4 M €
Net result	5,6 M €	-14.1%	6,5 M €	+76.4%	3,7 M €	+28.8%	2,9 M €	-6.0%	3 M €
Balance sheet
Equity	24 M €	+17.5%	20,4 M €	+46.6%	13,9 M €	+36.0%	10,2 M €	+38.7%	7,4 M €
Total assets	39,2 M €	+0.9%	38,9 M €	+18.9%	32,7 M €	+16.8%	28 M €	+10.0%	25,5 M €
Cash	4,1 M €	-12.5%	4,7 M €	-41.7%	8 M €	+134%	3,4 M €	-21.7%	4,4 M €
Debts	13,3 M €	-18.6%	16,3 M €	+1.9%	16 M €	-1.1%	16,2 M €	-2.8%	16,6 M €
Other
Workforce	28,3 ETP	+9.7%	25,8 ETP	0.0%	25,8 ETP	+4.5%	24,7 ETP	+10.3%	22,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kok Sin TAH	Director05/07/2024 → 28/06/2030
David VAN EYNDE	Director01/12/2021 → 25/06/2027
Heiko BRÜCKNER	Director14/07/2021 → 25/06/2027
Pascal REINARDS	Director14/07/2021 → 25/06/2027
Peter STÖTTINGER	Director14/07/2021 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cameron THORPE	Director14/07/2021 → 2024 accounts
Thomas BOURREAU	Director01/10/2019 → 2020 accounts
David Antonius YANG	Director02/02/2018 → 2020 accounts

Other companies at this address

Napelsstraat 79 2000 Antwerpen

Company	CBE no.
ANTWERP INTERNATIONAL TERMINAL● Active	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	0721.963.773
PSA Padova Belgium● Active	1037.746.382
PSA Supply Chain Solutions Belgium● Active	0776.990.091

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	15/07/2026	24/07/2025	14/08/2024	26/07/2023	25/07/2022	18/06/2021
General meeting	26/06/2026	27/06/2025	09/08/2024	30/06/2023	24/06/2022	28/05/2021
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, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	09/08/2024	14/08/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	25/07/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	18/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	22/07/2020	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kok Sin TAH	Director05/07/2024 → 28/06/2030
David VAN EYNDE	Director01/12/2021 → 25/06/2027
Heiko BRÜCKNER	Director14/07/2021 → 25/06/2027
Pascal REINARDS	Director14/07/2021 → 25/06/2027
Peter STÖTTINGER	Director14/07/2021 → 25/06/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cameron THORPE	Director14/07/2021 → 2024 accounts
Thomas BOURREAU	Director01/10/2019 → 2020 accounts
David Antonius YANG	Director02/02/2018 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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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

Filings7 filings

Mandates

Kok Sin TAH

David VAN EYNDE

Peter STÖTTINGER

Pascal REINARDS

Heiko BRÜCKNER

Cameron THORPE

Thomas BOURREAU

PSA Antwerp

David Antonius YANG

Jan VAN MOSSEVELDE

2018201920202021202220232024202520262027202820292030

PSA Breakbulk

Napelsstraat 79, 2000 Antwerp

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Napelsstraat 79, 2000 AntwerpCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00313011

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PSA BreakbulkCurrent	accounts 2019 → 2025	Accounts 2025 · 2026-00313011

Events

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

PSA Breakbulk

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