ACTIVE

ASSOCIATED TERMINAL OPERATORS

Financial year 2025 · Closed on 31/12/2025

Net result
976,5 k €
-15,6 %over 1 year
Revenue
21,3 M €
-1,7 %over 1 year
Equity
8,8 M €
-20,1 %over 1 year
Workforce
44,2 ETP
-1,6 %over 1 year

Identity

Source · BCE/KBO

ASSOCIATED TERMINAL OPERATORS is a Public limited company incorporated in 2006. Its main activity is: Service activities incidental to water transportation. Its registered office is in Antwerpen. It employs on average 44,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0882.650.114
Incorporation
20/07/2006
Legal form
Public limited company
Registered office
Zandvoort 2
2030 Antwerpen · FlandreSee on map
Contributed capital
1 650 000,00 €
Latest accounts
31/12/2025
Average workforce
44,2 ETP
Joint committees (3)
  • 14003
  • 226
  • 30101
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 19 filings

Trend over 13 financial years

20252024202320222021
Income statement
Revenue21,3 M €21,7 M €19,9 M €21,6 M €17,9 M €
EBITDA2,3 M €2,4 M €3,2 M €3,8 M €2,5 M €
Operating result1,3 M €1,4 M €2,2 M €2,7 M €1,3 M €
Net result976,5 k €1,2 M €1,5 M €2 M €900,8 k €
Balance sheet
Equity8,8 M €11,1 M €10,1 M €8,9 M €7,3 M €
Total assets14,6 M €16,5 M €15,8 M €15 M €13,2 M €
Cash2,3 M €1,1 M €5,8 M €4,7 M €2 M €
Debts5,7 M €5,4 M €5,6 M €6,1 M €5,7 M €
Other
Workforce44,2 ETP44,9 ETP44,8 ETP45,6 ETP43,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 24 ended

Active mandates

Erwin Veuskens

Director

Active
LiBerTeam

Director · 0503.980.029

Represented by Bert Celluy

Active
REGINA B.

Chairman of the board of directors · 0451.203.022

Represented by Johan Gemels

Active
Sauter Transport

Director · 0417.047.738

Represented by Bernard Moyson

Active

Ended mandates

Sauter Transport

Director · since 13 septembre 2023 · until 25 avril 2005 · 0417.047.738

Represented by Bernard Moyson

Ended
REGINA B.

Chairman of the board of directors · since 15 juillet 2023 · until 25 avril 2005 · 0451.203.022

Represented by Johan Gemels

Ended
VAN MOER GROUP

Director · since 15 décembre 2022 · until 25 avril 2025 · 0885.987.706

Represented by Eric Noterman

Ended
LiBerTeam

Director · since 01 juillet 2022 · until 25 avril 2025 · 0503.980.029

Represented by Bert Calluy

Ended

Other companies at this address

Zandvoort 2 2030 Antwerpen
CompanyCBE no.
BOORTMALT● Active
0425.041.726
Boortmalt Group● Active
0715.922.059
0675.655.478
1007.667.078
COPAGEST● Active
0674.749.519

Full financial information

Source · NBB
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 date31/07/202606/06/202502/05/202402/05/202304/07/202210/05/2021
General meeting26/06/202626/05/202526/04/202428/04/202330/06/202230/04/2021
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202631/07/2026DutchPDF
Full model31/12/202426/05/202506/06/2025DutchPDF
Full model31/12/202326/04/202402/05/2024DutchPDF
Full model31/12/202228/04/202302/05/2023DutchPDF
Full model31/12/202130/06/202204/07/2022DutchPDF
Full model31/12/202030/04/202110/05/2021DutchPDF
Full model31/12/201924/04/202002/06/2020DutchPDF
Full model31/12/201826/04/201927/05/2019DutchPDF
Full model31/12/201727/04/201814/05/2018DutchPDF
Full model31/12/201628/04/201707/06/2017DutchPDF
Full model31/12/201529/04/201625/05/2016DutchPDF
Full model31/12/201424/04/201503/06/2015DutchPDF
Full model31/12/201325/04/201404/06/2014DutchPDF
Full model31/12/201226/04/201317/06/2013DutchPDF
Full model31/12/201127/04/201207/05/2012DutchPDF
Full model31/12/201029/04/201124/05/2011DutchPDF
Full model31/12/200930/04/201025/05/2010DutchPDF
Full model31/12/200824/04/200928/05/2009DutchPDF
Full model31/12/200725/04/200817/07/2008DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

4 active · 24 ended

Active mandates

Erwin Veuskens

Director

Active
LiBerTeam

Director · 0503.980.029

Represented by Bert Celluy

Active
REGINA B.

Chairman of the board of directors · 0451.203.022

Represented by Johan Gemels

Active
Sauter Transport

Director · 0417.047.738

Represented by Bernard Moyson

Active

Ended mandates

Sauter Transport

Director · since 13 septembre 2023 · until 25 avril 2005 · 0417.047.738

Represented by Bernard Moyson

Ended
REGINA B.

Chairman of the board of directors · since 15 juillet 2023 · until 25 avril 2005 · 0451.203.022

Represented by Johan Gemels

Ended
VAN MOER GROUP

Director · since 15 décembre 2022 · until 25 avril 2025 · 0885.987.706

Represented by Eric Noterman

Ended
LiBerTeam

Director · since 01 juillet 2022 · until 25 avril 2025 · 0503.980.029

Represented by Bert Calluy

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates29/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/06/2020
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other23/09/2019
    DIVERSEN
    PDF
  • Mandates29/03/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/09/2017
    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. 2025
    Annual accounts 2025976,5 k €↓
  2. 2024
    Annual accounts 20241,2 M €↓
  3. 2023
    Annual accounts 20231,5 M €↓
  4. 2022
    Annual accounts 20222 M €↑
  5. 2021
    Annual accounts 2021900,8 k €↑
  6. 2020
    Annual accounts 2020284 k €↑
  7. 2019
    Annual accounts 2019126 k €↓
  8. 2018
    Annual accounts 2018450,8 k €↓
  9. 2017
    Annual accounts 2017898,1 k €↓
  10. 2016
    Annual accounts 2016918,6 k €↑
  11. 2015
    Annual accounts 2015712,6 k €↓
  12. 2014
    Annual accounts 2014905,8 k €↑
  13. 2013
    Annual accounts 2013567,1 k €
  14. 20/07/2006
    IncorporationPublic limited company