ACTIVE

EXMAR

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Financial year 2025 · closed on 31/12/2025
Net result
30 M €
-89.8% YoY
Revenue
5,2 M €
-1.9% YoY
Equity
465,6 M €
-22.4% YoY
Workforce
42,2 ETP
+7.1% YoY

What does EXMAR do?

EXMAR is a Public limited company incorporated in 2003. Its main activity is: Activities of holding companies. Its registered office is in Antwerpen. It employs on average 42,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0860.409.202
Incorporation
20/06/2003
Legal form
Public limited company
Registered office
De Gerlachekaai 20
2000 Antwerpen · FlandreSee on map
Contributed capital
366 612 328,00 €
Latest accounts
31/12/2025
Average workforce
42,2 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70100Activities of head offices70100Activities of head offices
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220102008
Income statement
Revenue5,2 M €5,3 M €5,7 M €3,3 M €4,3 M €3,2 M €3,3 M €3,6 M €5,6 M €3,6 M €4,8 M €7,3 M €1,7 M €1,3 M €1,3 M €1,5 M €
EBITDA-15,5 M €-13,8 M €-9,7 M €-11,1 M €-3,6 M €-6,4 M €-5,3 M €-7,7 M €-4,6 M €-3,5 M €-18 M €-7,4 M €-6,2 M €-4,3 M €-5,2 M €-3,4 M €
Operating result-15,8 M €-3,5 M €-22,3 M €-10,8 M €-4,5 M €-6,6 M €-5,5 M €-5,7 M €-5,2 M €-4,2 M €-18,6 M €-7,5 M €-6,3 M €-4,4 M €-5,3 M €-3,5 M €
Net result30 M €293 M €2,6 M €236 M €-28,6 M €-84 M €44,9 M €10,2 M €111,1 M €-3,6 M €57,3 M €3,5 M €52,1 M €161,4 M €17,3 M €-42,3 M €
Balance sheet
Equity465,6 M €599,6 M €306,6 M €680,7 M €564,2 M €598,2 M €704,1 M €659,2 M €649 M €538 M €548,2 M €510,5 M €544,4 M €564,2 M €439,8 M €297,3 M €
Total assets717,8 M €805,2 M €457,8 M €857,1 M €675,1 M €708,1 M €823,3 M €736,8 M €762,7 M €891,3 M €905,1 M €905,9 M €979,8 M €1,1 Md €906,8 M €792,1 M €
Cash63,1 M €60,9 M €64,4 M €6,7 M €52,6 M €9,3 M €32 M €18,2 M €17,1 M €67,6 M €75,4 M €21,9 M €55,8 M €21,2 M €14,1 M €10,9 M €
Debts249,7 M €202,7 M €137,9 M €175,6 M €101 M €109,6 M €118,9 M €77,3 M €110,9 M €349,3 M €353,1 M €390,3 M €408,7 M €403,2 M €420,6 M €440,4 M €
Other
Workforce42,2 ETP39,4 ETP37,8 ETP35,8 ETP32,5 ETP25,7 ETP24,9 ETP26,8 ETP26,6 ETP24,1 ETP23,9 ETP16,6 ETP13,7 ETP12,8 ETP13,4 ETP11,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation
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Annual accounts

Full financial information

202520242023202220212020
Type of accountm120-f-pm120-f-pFull modelm120-f-pm120-f-pm120-f-p
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 date29/06/202608/07/202519/06/202401/06/202327/06/202224/06/2021
General meeting19/05/202620/05/202521/05/202416/05/202317/05/202218/05/2021
Currency of the financial yearUSDEURUSDUSDUSDUSD
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

41 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/05/202615/06/2026DutchPDF
m120-f-p31/12/202519/05/202629/06/2026DutchPDF
Full model31/12/202420/05/202513/06/2025DutchPDF
m120-f-p31/12/202420/05/202508/07/2025DutchPDF
Full model31/12/202321/05/202419/06/2024DutchPDF
m120-f-p31/12/202321/05/202418/06/2024DutchPDF
Full model31/12/202216/05/202324/05/2023DutchPDF
m120-f-p31/12/202216/05/202301/06/2023DutchPDF
Full model31/12/202117/05/202222/06/2022DutchPDF
m120-f-p31/12/202117/05/202227/06/2022DutchPDF
Full model31/12/202018/05/202109/06/2021DutchPDF
m120-f-p31/12/202018/05/202124/06/2021DutchPDF
Full model31/12/201919/05/202010/06/2020DutchPDF
m120-f-p31/12/201919/05/202018/06/2020DutchPDF
Full model31/12/201821/05/201913/06/2019DutchPDF
m120-f-p31/12/201821/05/201917/06/2019DutchPDF
Full model31/12/201715/05/201818/05/2018DutchPDF
m120-f-p31/12/201715/05/201815/06/2018DutchPDF
Full model31/12/201616/05/201706/06/2017DutchPDF
m120-f-p31/12/201616/05/201712/06/2017DutchPDF
Full model31/12/201517/05/201615/06/2016DutchPDF
m120-f-p31/12/201517/05/201615/06/2016DutchPDF
Full model31/12/201419/05/201511/06/2015DutchPDF
m120-f-p31/12/201419/05/201502/07/2015DutchPDF

View all 41 filings

Estimate

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.

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other18/08/2026
    STATUTEN (VERTALING, COORDINATIE, OVERIGE
    PDF
  • Mandates24/06/2026
    Herbenoeming bestuurder - Benoeming commissaris - Neerlegging verslag
    PDF
  • Capital / shares08/04/2026
    KAPITAAL, AANDELEN
    PDF
  • Other09/10/2025
    Bijzondere volmachten
    PDF
  • Other03/09/2025
    Uitkering van een tussentijds en buitengewoon dividend — kennisname
    PDF
  • Mandates26/06/2025
    Herbenoeming bestuurders - Commissaris - Bevestiging mandaat
    PDF
  • Capital / shares23/06/2025
    Machtiging toegestaan kapitaal - machtiging tot verkrijging en
    PDF
  • Other28/04/2025
    Uitvoerend comité
    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 202530 M €↓
  2. 2024
    Annual accounts 2024293 M €↑
  3. 2023
    Annual accounts 20232,6 M €↓
  4. 2022
    Annual accounts 2022236 M €↑
  5. 2021
    Annual accounts 2021-28,6 M €↑
  6. 2020
    Annual accounts 2020-84 M €↓
  7. 2019
    Annual accounts 201944,9 M €↑
  8. 2018
    Annual accounts 201810,2 M €↓
  9. 2017
    Annual accounts 2017111,1 M €↑
  10. 2016
    Annual accounts 2016-3,6 M €↓
  11. 2015
    Annual accounts 201557,3 M €↑
  12. 2014
    Annual accounts 20143,5 M €↓
  13. 2013
    Annual accounts 201352,1 M €↓
  14. 2012
    Annual accounts 2012161,4 M €↑
  15. 2010
    Annual accounts 201017,3 M €↑
  16. 2008
    Annual accounts 2008-42,3 M €
  17. 20/06/2003
    IncorporationPublic limited company