ACTIVE

ROWA SHIPPING

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Financial year 2025 · closed on 31/12/2025

Net result

199,7 k €

-91.6% YoY

Gross margin

2,4 M €

-46.4% YoY

Equity

3,1 M €

-1.1% YoY

Workforce

0,0 ETP

What does ROWA SHIPPING do?

ROWA SHIPPING is a Public limited company incorporated in 2007. Its main activity is: Inland freight water transport. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0892.925.580

Incorporation

19/10/2007

Legal form

Public limited company

Registered office

Lichterweg 3
2030 Antwerpen · FlandreSee on map

Contributed capital

550 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

50400Inland freight water transport· main 50400Inland freight water transport

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,4 M €	-46.4%	4,4 M €	+112%	2,1 M €	+31.1%	1,6 M €	+9.2%	1,5 M €	-2.7%	1,5 M €	+41.7%	1,1 M €	-6.1%	1,1 M €	+157%	438,9 k €	-8.8%	481,4 k €	+59.5%	301,7 k €	-53.0%	641,8 k €	-35.7%	998 k €	+29.1%	773,2 k €	+30.1%	594,3 k €	+314%	143,4 k €	+7906%	-1,8 k €	-2.2%	-1,8 k €
EBITDA	2,4 M €	-46.1%	4,4 M €	+111%	2,1 M €	+31.1%	1,6 M €	+11.4%	1,4 M €	+2.3%	1,4 M €	+20.8%	1,2 M €	+12.8%	1 M €	+165%	387,5 k €	-5.7%	410,7 k €	-20.2%	514,7 k €	+17.0%	440,1 k €	-16.2%	525,4 k €	-0.3%	526,8 k €	-2.7%	541,6 k €	+289%	139,1 k €	+5086%	-2,8 k €	-23.0%	-2,3 k €
Operating result	1 M €	-72.6%	3,7 M €	+296%	925,2 k €	+29.6%	713,6 k €	+20.8%	590,8 k €	-26.9%	808,7 k €	+45.9%	554,4 k €	+31.0%	423,3 k €	+6827%	6,1 k €	-94.3%	106,9 k €	-50.9%	217,8 k €	+35.2%	161,1 k €	-34.6%	246,5 k €	-0.7%	248,2 k €	-5.6%	263 k €	+1057%	22,7 k €	+784%	-3,3 k €	-18.6%	-2,8 k €
Net result	199,7 k €	-91.6%	2,4 M €	+394%	483,2 k €	+46.3%	330,2 k €	+48.3%	222,7 k €	-53.7%	480,7 k €	+64.2%	292,8 k €	+53.6%	190,7 k €	+189%	-213,2 k €	-501%	-35,5 k €	-148%	74,5 k €	+331%	-32,2 k €	-174%	43,7 k €	+389%	-15,1 k €	-140%	37,8 k €	+126%	-146,4 k €	-224%	-45,2 k €	-1007%	-4,1 k €
Balance sheet
Equity	3,1 M €	-1.1%	3,2 M €	+194%	1,1 M €	+20.6%	889,1 k €	+9.6%	810,9 k €	+2.9%	788,2 k €	+41.4%	557,5 k €	+37.7%	404,9 k €	+89.0%	214,2 k €	-49.9%	427,5 k €	-7.7%	463 k €	+19.2%	388,5 k €	-7.7%	420,7 k €	+11.6%	377 k €	-3.9%	392,1 k €	+10.7%	354,4 k €	-29.2%	500,8 k €	-8.3%	545,9 k €
Total assets	23,2 M €	+21.8%	19,1 M €	+30.2%	14,6 M €	+14.3%	12,8 M €	-6.9%	13,8 M €	+71.8%	8 M €	-4.6%	8,4 M €	-7.3%	9,1 M €	-5.7%	9,6 M €	+19.8%	8 M €	+90.1%	4,2 M €	-11.6%	4,8 M €	-7.1%	5,1 M €	-3.6%	5,3 M €	+0.5%	5,3 M €	-2.9%	5,5 M €	+79.0%	3 M €	+456%	548,2 k €
Cash	398,1 k €	+837%	42,5 k €	-80.5%	217,6 k €	+21.7%	178,8 k €	-20.0%	223,5 k €	+643%	30,1 k €	+79.0%	16,8 k €	+106%	8,2 k €	+84.5%	4,4 k €	+398%	889,9 €	+199%	297,3 €	-99.4%	51 k €	+146%	20,8 k €	+106%	10,1 k €	+458%	1,8 k €	+306%	445,1 €	-75.5%	1,8 k €	-49.1%	3,6 k €
Debts	19 M €	+27.6%	14,9 M €	+13.6%	13,1 M €	+12.8%	11,6 M €	-7.7%	12,6 M €	+79.8%	7 M €	-9.3%	7,7 M €	-8.1%	8,4 M €	-9.2%	9,3 M €	+23.0%	7,5 M €	+101%	3,8 M €	-8.9%	4,1 M €	-9.9%	4,6 M €	-5.7%	4,8 M €	-0.1%	4,9 M €	-4.8%	5,1 M €	+100%	2,5 M €	+112200%	2,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		1,8 ETP	-76.9%	7,8 ETP	+73.3%	4,5 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

VERFINCO

Director · 0466.085.988

Represented by Royal Fuel Transport, met als vertegenwoordiger Erik Vermeylen

Active

VERMEYLEN INVESTMENT COMPANY

Director · 0744.935.650

Represented by Tom Vermeylen

Active

Ended mandates

VERMEYLEN INVESTMENT COMPANY

Director · since 28 mars 2024 · until 28 mars 2030 · 0744.935.650

Represented by Tom VERMEYLEN

Ended

VERFINCO

Manager · since 24 septembre 2012 · 0466.085.988

Represented by Erik Vermeylen

Ended

VERFINCO

Manager · since 24 septembre 2012 · 0466.085.988

Represented by Erik Vermeylen

Ended

VERFINCO

Managing director · since 21 juin 2011 · until 19 mars 2017 · 0466.085.988

Represented by Eric Vermeylen

Ended

At this address

Other companies at this address

Company	CBE no.
BENED SHIPPING● Active	0842.241.003
GENERAL BUNKERING SERVICES● Active	0456.173.479
Marine Oil Services● Active	0876.704.509
PONTUS TANKERS● Active	0473.535.489

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	10/06/2026	03/07/2025	08/06/2024	07/07/2023	21/06/2022	27/04/2021
General meeting	28/05/2026	05/06/2025	23/05/2024	01/06/2023	02/06/2022	21/04/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	23/05/2024	08/06/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/04/2021	27/04/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	06/06/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/03/2011	07/04/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	16/07/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 17 ended

Active mandates

VERFINCO

Director · 0466.085.988

Represented by Royal Fuel Transport, met als vertegenwoordiger Erik Vermeylen

Active

VERMEYLEN INVESTMENT COMPANY

Director · 0744.935.650

Represented by Tom Vermeylen

Active

Ended mandates

VERMEYLEN INVESTMENT COMPANY

Director · since 28 mars 2024 · until 28 mars 2030 · 0744.935.650

Represented by Tom VERMEYLEN

Ended

VERFINCO

Manager · since 24 septembre 2012 · 0466.085.988

Represented by Erik Vermeylen

Ended

VERFINCO

Manager · since 24 septembre 2012 · 0466.085.988

Represented by Erik Vermeylen

Ended

VERFINCO

Managing director · since 21 juin 2011 · until 19 mars 2017 · 0466.085.988

Represented by Eric Vermeylen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2020
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates09/01/2020
WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other02/08/2016
DIVERSEN
PDF
Other27/06/2016
BENAMING
PDF
Registered office09/09/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/10/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - 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

2025
Annual accounts 2025199,7 k €↓
2024
Annual accounts 20242,4 M €↑
2023
Annual accounts 2023483,2 k €↑
2022
Annual accounts 2022330,2 k €↑
2021
Annual accounts 2021222,7 k €↓
2020
Annual accounts 2020480,7 k €↑
2019
Annual accounts 2019292,8 k €↑
2018
Annual accounts 2018190,7 k €↑
2017
Annual accounts 2017-213,2 k €↓
2016
Annual accounts 2016-35,5 k €↓
2015
Annual accounts 201574,5 k €↑
2014
Annual accounts 2014-32,2 k €↓
2013
Annual accounts 201343,7 k €↑
2012
Annual accounts 2012-15,1 k €↓
2011
Annual accounts 201137,8 k €↑
2010
Annual accounts 2010-146,4 k €↓
2009
Annual accounts 2009-45,2 k €↓
2008
Annual accounts 2008-4,1 k €
19/10/2007
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

ROWA SHIPPING

Overview

What does ROWA SHIPPING do?

Trend over 18 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