Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2022, 2025.
Financials
Financial year 2025
DE VLAAMSE WATERWEG from Hasselt, company number BE0216173309, closed financial year 2025 with a result of € -30.1 million after tax. For that financial year DE VLAAMSE WATERWEG recorded revenue of € 61.6 million and equity of € 3.2 billion. Compared with financial year 2024, the result moved from € -6.8 million to € -30.1 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 26, 2026.
€ 3.2 billion
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30.1 million
▼ 342 % more loss than in 2024
Profit after tax over the fiscal year.
€ 31,788
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16.9 million.
People and assets in 2025
1,229.4
▼ 22 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 124.9 million
▲ 2% vs 2024
€ 101,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 11.3 million
▲ 33% vs 2024
Of which on lease € 574,402.
Debts at end 2025
€ 29.1 million
▲ € 21.9 million vs 2024
€ 296,770 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 57.6 million
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 194 days on average.
€ 5.6 million
▲ 11% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 54,496,176 | € 55,606,256 | € 59,187,882 | € 61,630,530 | ▲ 4% |
| Profit after taxes | € -2,334,283 | € 5,198,790 | € -6,796,760 | € -30,057,268 | ▼ € 23.3 million |
| Equity | € 2,858,821,383 | € 3,102,380,042 | € 3,135,449,409 | € 3,210,435,127 | ▲ 2% |
| Total debts | € 240,163,733 | € 144,232,663 | € 129,637,729 | € 138,460,980 | ▲ 7% |
| Cash | € 45,162 | € 61,317,021 | € 34,988 | € 31,788 | ▼ 9% |
| Land & buildings | € 1,987,375,679 | € 2,168,470,733 | € 2,363,338,228 | € 2,594,029,367 | ▲ 10% |
| Retained profit | € 14,779,844 | € 19,978,634 | € 13,181,874 | € -16,875,394 | ▼ € 30.1 million |
| Bank debt | € 84,777,422 | € 1,439,939 | € 7,236,243 | € 29,094,281 | ▲ € 21.9 million |
| Balance sheet total | € 3,125,294,146 | € 3,281,754,998 | € 3,297,079,143 | € 3,383,883,454 | ▲ 3% |
| Employees (FTE) | 1,188.4 | 1,240.8 | 1,251.4 | 1,229.4 | ▼ 22 |
Key figures of DE VLAAMSE WATERWEG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DE VLAAMSE WATERWEG?
What happened at DE VLAAMSE WATERWEG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- New establishment in Lo-Reninge. KBO
- New establishment in Diksmuide. KBO
- New establishment in Halle. KBO
- New establishment in Waasmunster. KBO
- New establishment in Waregem. KBO
- New establishment in Waregem. KBO
- New establishment in Deinze. KBO
In short
From € 2.3 million loss in 2022 to € 30.1 million loss in 2025.
Paid € 160,313 in corporate taxes since 2022.
Best year ever: 2023, with € 5.2 million profit.
Pays suppliers within 194 days on average.
Management
Behind DE VLAAMSE WATERWEG are Jessie De Weyer, Joke Schauvliege, Aurélie Vermeir, Maxim Veys, Lieve Van de Water and Koen Derkinderen. It owns 100% of Site Kanaal and 17% of Blue Gate Antwerp Public Holding itself.
Directors
According to the 2025 annual accounts
Joke Schauvliege
Vice-chairman of the board
Also active at: Viaverda, Leieborg, Vereniging van de Vlaamse Provincies, STATELINE, Eiland Zwijnaarde, Autonoom gemeentebedrijf
Aurélie Vermeir
Director
Maxim Veys
Chairman of the board
Also active at: SW+, Het Socialistisch Volkshuis, Socialistisch Gezondheidsfonds, Creat
Lieve Van de Water
Director
Koen Derkinderen
Government commissioner
Raf Terwingen
Director
Frederiek Vermeulen
Government commissioner
Willy Claes
Director
Also active at: CARREFOUR BELGIUM, CLEUTERPE, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ, ALDEN BIESEN ZOMEROPERA, ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY +9 more
Daan Schalck
Director
Also active at: NATIONALE MAATSCHAPPIJ DER BELGISCHE SPOORWEGEN, Bureau Consulting, Advisory, Strategy
Establishments
Establishment units
Physical locations of this company
Havenstraat 44
3500 Hasselt
Pontweg 1
9160 Lokeren
Active since 1 June 2016
Kempenstraat 1 box A
3950 Bocholt
Active since 30 June 1976
Bergerkampstraat 16
3650 Dilsen-Stokkem
Active since 30 June 1976
Lozerstraat 6
3950 Bocholt
Active since 30 June 1976
Achelsedijk 3
3950 Bocholt
Active since 30 June 1976
Weg naar Geneuth(M) 1 box B
3630 Maasmechelen
Active since 30 June 1976
Breeërweg 22 box B
3680 Maaseik
Active since 30 June 1976
Kanaalstraat(SHL) 34 box B
3910 Neerpelt
Active since 30 June 1976
Waterstraat 9
2400 Mol
Active since 30 June 1976
Sluizenstraat ZN box A
3920 Lommel
Active since 30 June 1976
Waterstraat 10
2400 Mol
Active since 30 June 1976
Postelsesteenweg 110
2400 Mol
Active since 30 June 1976
Nieuwedijk 80
2480 Dessel
Active since 30 June 1976
Schans 16
2480 Dessel
Active since 30 June 1976
Sas VI 11
2400 Mol
Active since 30 June 1976
Retieseweg 179
2440 Geel
Active since 30 June 1976
Sasachtweg 9
2440 Geel
Active since 30 June 1976
Ganzenstraat 135 box A
2440 Geel
Active since 30 June 1976
Herenthoutseweg(HRT) 109
2200 Herentals
Active since 30 June 1976
De Lusthoven 36
2370 Arendonk
Active since 30 June 1976
Sluizenstraat ZN box B
3920 Lommel
Active since 30 June 1976
Meerhoutstraat 80
3945 Tessenderlo-Ham
Active since 30 June 1976
Sluizenweg 1
2250 Olen
Active since 30 June 1976
Hochter Sluishuis 1 box A
3620 Lanaken
Active since 30 June 1976
Sluishuis 1
3620 Lanaken
Active since 30 June 1976
Swinnenwijerweg 41 box A
3600 Genk
Active since 30 June 1976
Havenlaan 28
3590 Diepenbeek
Active since 30 June 1976
Turfstekersstraat 2 box A
3500 Hasselt
Active since 30 June 1976
Hallebaan 2
2520 Ranst
Active since 30 June 1976
Het Sas 22
2110 Wijnegem
Active since 30 June 1976
Vaartkaai ZN
2170 Antwerpen
Active since 30 June 1976
Koningin Elisabethlei 100
2300 Turnhout
Active since 30 June 1976
Nieuwe Kaai 40
2300 Turnhout
Active since 30 June 1976
Opstal ZN
2340 Beerse
Active since 30 June 1976
Heilaarstraat ZN
2340 Beerse
Active since 30 June 1976
Houtseweg ZN
2340 Beerse
Active since 30 June 1976
Vlimmersebaan 1
2310 Rijkevorsel
Active since 30 June 1976
Gansheideweg z/n
2310 Rijkevorsel
Active since 30 June 1976
Oostmalsesteenweg 202A
2310 Rijkevorsel
Active since 30 June 1976
Heihoefke 2Z
2960 Brecht
Active since 30 June 1976
Klein Veerle 120Z
2960 Brecht
Active since 30 June 1976
Westmallebaan 14Z
2960 Brecht
Active since 30 June 1976
Frans De Meyerstraat 62Z
2960 Brecht
Active since 30 June 1976
Ebeslaan 24Z
2960 Brecht
Active since 30 June 1976
Brugstraat 230Z
2960 Brecht
Active since 30 June 1976
Vaartlaan 50Z
2960 Brecht
Active since 30 June 1976
Vaartdreef 1A
2900 Schoten
Active since 30 June 1976
Botermelkdijk 522
2900 Schoten
Active since 30 June 1976
Botermelkbaan 2B
2900 Schoten
Active since 30 June 1976
Brechtsebaan 204
2900 Schoten
Active since 30 June 1976
Wezelsebaan 2B
2900 Schoten
Active since 30 June 1976
Villerslei 1
2900 Schoten
Active since 30 June 1976
Sluizenstraat 56
2900 Schoten
Active since 30 June 1976
Wijnegembaan 65
2900 Schoten
Active since 30 June 1976
Donk 120
2400 Mol
Active since 30 June 1976
Vosseschijnstraat ZN
2030 Antwerpen
Active since 30 June 1976
Glaswolstraat 22
2400 Mol
Active since 30 June 1976
Molenveld 90
3650 Dilsen-Stokkem
Active since 5 July 2005
Hoogmolendijk 1
2900 Schoten
Active since 14 November 2006
Postelsebaan 65
2470 Retie
Active since 1 April 2011
Hoogbrugkaai ZN
3500 Hasselt
Active since 14 March 2011
Winterbeeklaan 47
3600 Genk
Active since 1 October 2011
Van Wambekekaai 14
9300 Aalst
Active since 1 November 2005
Ferdinand Lousbergskaai 42a
9000 Gent
Active since 1 November 2005
Tolhuiskaai 3A
9000 Gent
Active since 1 November 2005
Markt 1
9800 Deinze
Active since 1 November 2005
Markt z/n
9800 Deinze
Active since 1 November 2005
Gasmeterlaan 70
9000 Gent
Active since 1 November 2005
Ringvaartweg-Mariakerke 1
9030 Gent
Active since 1 November 2005
Sluisweg 1
9820 Merelbeke-Melle
Active since 1 November 2005
Doorniksesteenweg 515b
8583 Avelgem
Active since 1 November 2005
Deerlijkstraat(Z) 162
8550 Zwevegem
Active since 1 November 2005
Deerlijkstraat(Z) 162A
8550 Zwevegem
Active since 1 November 2005
Eindrieskaai 17
9700 Oudenaarde
Active since 1 November 2005
Scheldekant 13
9890 Gavere
Active since 1 November 2005
Scheldekaai 3
9690 Kluisbergen
Active since 1 November 2005
Doornstraat(Kor) 4
8500 Kortrijk
Active since 1 November 2005
Abdijkaai(Kor) 16
8500 Kortrijk
Active since 1 November 2005
Twee-Bruggenstraat 32
8530 Harelbeke
Active since 1 November 2005
Ropswalle 100
8930 Menen
Active since 1 November 2005
Vaartstraat 70
8710 Wielsbeke
Active since 1 November 2005
Hooiestraat(S.B.V.) 28
8710 Wielsbeke
Active since 1 November 2005
Mespelarestraat 110B
9200 Dendermonde
Active since 1 November 2005
Nieuwe Tijsluis (DEN) 3
9200 Dendermonde
Active since 1 November 2005
Sint-Onolfsdijk (DEN) 23
9200 Dendermonde
Active since 1 November 2005
Brugstraat 1A
9500 Geraardsbergen
Active since 1 November 2005
Sas(Gri) 1
9506 Geraardsbergen
Active since 1 November 2005
Denderkaai 100
9400 Ninove
Active since 1 November 2005
Tragel 1
1790 Affligem
Active since 1 November 2005
Kaaistraat 2
9470 Denderleeuw
Active since 1 November 2005
Oude Staatsbaan 178
9991 Maldegem
Active since 1 November 2005
Buiten de Dampoort 1
8000 Brugge
Active since 1 November 2005
Maalse Steenweg 19
8310 Brugge
Active since 1 November 2005
Zwaanhoek 45
8460 Oudenburg
Active since 1 November 2005
Sluisstraat z/n
8000 Brugge
Active since 1 November 2005
Sasstraat 15
8904 Ieper
Active since 1 November 2005
Sluizen 12
8620 Nieuwpoort
Active since 1 November 2005
Fintele 22
8647 Lo-Reninge
Active since 1 November 2005
Sasstraat 21
8630 Veurne
Active since 1 November 2005
Korporaal Leon Tresignieplein 1
1850 Grimbergen
Active since 22 November 1995
Sasplein 2
2830 Willebroek
Active since 1 January 2004
Nijverheidstraat ZN
2870 Puurs-Sint-Amands
Active since 1 January 1998
Eduard De Blockstraat(WIN) 60
2880 Bornem
Active since 1 January 1997
Sluisweg 99
1980 Zemst
Active since 22 November 1995
Klabbeeksesteenweg 3
1502 Halle
Active since 1 January 2003
Haachtsesteenweg 670
1910 Kampenhout
Active since 1 January 2003
Zennegat 5
2800 Mechelen
Active since 1 January 2003
Binnenweg 167A
2570 Duffel
Active since 1 November 2005
Nederviersel 3
2243 Zandhoven
Active since 1 November 2005
Amerstraat 116
3200 Aarschot
Active since 1 November 2005
Rode-Kruisplein 12
2800 Mechelen
Active since 1 November 2005
Sasdok-Noordkaai 18
2030 Antwerpen
Active since 1 November 2005
Kallebeek 1
9150 Beveren-Kruibeke-Zwijndrecht
Active since 1 November 2011
Koning Albert II-laan 20 box 14
1000 Brussel
Active since 1 November 2005
Steenweg van Grembergen 75
9200 Dendermonde
Active since 1 November 2005
Binnenweg 167
2570 Duffel
Active since 1 November 2005
Passionistenlaan(Kor) 82
8500 Kortrijk
Active since 1 November 2005
Nekkerspoel-Borcht 4
2800 Mechelen
Active since 1 January 2003
Guldensporenpark 105
9820 Merelbeke-Melle
Active since 1 January 2013
Eindrieskaai 14
9700 Oudenaarde
Active since 1 November 2005
Zwaanhoek 51
8460 Oudenburg
Active since 1 November 2005
Houtkaai 1
1800 Vilvoorde
Active since 1 January 2003
Zandvoordestraat 375
8400 Oostende
Active since 1 January 2015
Mallaardstraat 11
9400 Ninove
Active since 1 April 2015
Meerhoutstraat 78
3945 Tessenderlo-Ham
Active since 1 June 2016
Oostdijk 110
2830 Willebroek
Active since 1 October 2016
Guldensporenlaan 105
9820 Merelbeke
Active since 1 October 2016
Westbekesluis 26
9940 Evergem
Active since 1 October 2016
Lange Kievitstraat 111-113
2018 Antwerpen
Active since 1 October 2016
Wijngaardstraat 1
9500 Geraardsbergen
Active since 1 August 2016
Watermolenstraat 28
8530 Harelbeke
Active since 1 January 2015
Edward Pynaertkaai 103
9050 Gent
Active since 1 July 2018
Sluizen 14
8620 Nieuwpoort
Active since 1 July 2018
Turnhoutsebaan 511
2110 Wijnegem
Active since 1 January 2018
Kortrijksesteenweg 1122
9051 Gent
Active since 1 July 2019
Koningin Maria Hendrikaplein 70
9000 Gent
Active since 1 July 2019
Zemstbaan 78
2800 Mechelen
Active since 1 July 2019
Kortrijkstraat 300
8560 Wevelgem
Active since 1 July 2019
Hooggeistersveld 24
3680 Maaseik
Active since 1 May 2020
Kasteelstraat 3D
9470 Denderleeuw
Active since 1 June 2020
Zuiderdijk 1
2310 Rijkevorsel
Active since 1 December 2020
Barrage(S.B.V.) 1
8710 Wielsbeke
Active since 1 March 2023
Jan De Coomanstraat(Zan) 1
9506 Geraardsbergen
Active since 2 May 2024
Erembodegemstraat 18
9300 Aalst
Active since 1 March 2024
Westbekesluis 28B
9940 Evergem
Active since 1 May 2024
Simon Bolivarlaan 17 box 431
1000 Brussel
Active since 7 October 2024
Krijgsbaan 372
2070 Beveren-Kruibeke-Zwijndrecht
Active since 1 August 2025
Doorniksesteenweg 400 B
8583 Avelgem
Active since 20 August 2026
Stokerijstraat 5
2110 Wijnegem
Active since 1 September 2026
Achelsedijk 3 box A000
3950 Bocholt
Active since 1 September 2026
Lozerstraat 7
3950 Bocholt
Active since 1 September 2026
Baron Ruzettelaan 471
8310 Brugge
Active since 1 September 2026
Boninvest 2
8000 Brugge
Active since 1 September 2026
Buiten Katelijnevest 2
8000 Brugge
Active since 1 September 2026
Dampoortstraat 269
8310 Brugge
Active since 1 September 2026
IJzerstraat 2
8000 Brugge
Active since 1 September 2026
Sint-Pieterskaai 68D
8000 Brugge
Active since 1 September 2026
Walweinstraat 27
8000 Brugge
Active since 1 September 2026
Heihoefke 2Y
2960 Brecht
Active since 21 September 2026
Ebeslaan 24
2960 Brecht
Active since 21 September 2026
Herenthoutseweg(HRT) 105
2200 Herentals
Active since 22 September 2026
Rijksweg(BOR) 135
2880 Bornem
Active since 24 September 2026
Vitsdam(BOR) 62
2880 Bornem
Active since 24 September 2026
Kesselsesteenweg 16
2520 Ranst
Active since 24 September 2026
Havenlaan 30
3590 Diepenbeek
Active since 24 September 2026
Havenlaan 34
3590 Diepenbeek
Active since 24 September 2026
Willamekaai 90
1500 Halle
Active since 19 October 2026
Dam 1
9250 Waasmunster
Active since 16 October 2026
Leiesas 2
8793 Waregem
Active since 15 October 2026
Leiesas 4
8793 Waregem
Active since 15 October 2026
Lamstraat 2
9850 Deinze
Active since 15 October 2026
Oostdijk 1
1880 Kapelle-op-den-Bos
Active since 1 October 2026
De Lusthoven 49A
2370 Arendonk
Active since 13 October 2026
Hochter Sluishuis 3
3620 Lanaken
Active since 13 October 2026
Oude Beestenmarkt 14
9000 Gent
Active since 13 October 2026
Reke 6
9000 Gent
Active since 13 October 2026
Sassekaai 50
9000 Gent
Active since 13 October 2026
Reke 4
9000 Gent
Active since 13 October 2026
Meulestedekaai 57
9000 Gent
Active since 13 October 2026
Abdijkaai(Kor) 17
8500 Kortrijk
Active since 13 October 2026
Nieuwedijk 78
2480 Dessel
Active since 8 October 2026
Schans 18
2480 Dessel
Active since 8 October 2026
Willamekaai 91
1500 Halle
Active since 9 October 2026
Wezelsebaan 2A
2900 Schoten
Active since 9 October 2026
Lobrug 5A
8647 Lo-Reninge
Active since 23 October 2026
Tervaetestraat 30
8600 Diksmuide
Active since 22 October 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0216.173.309
- VAT number
- BE 0216.173.309
- Registered office
- Havenstraat 44, 3500 Hasselt
- Names & denominations
- DE VLAAMSE WATERWEG
- Enterprise type
- Rechtspersoon
- Legal form
- Naamloze vennootschap van publiek recht
- Legal situation
- Normale toestand
- Start date
- 30 June 1976
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Diensten in verband met vervoer over water
Overige ondersteunende activiteiten i.v.m. het vervoer over water