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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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
106 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BESIX Group from Sint-Lambrechts-Woluwe, company number BE0400459154, closed financial year 2025 with a result of € 28,663 after tax. For that financial year BESIX Group recorded revenue of € 9.3 million and equity of € 152.7 million. Compared with financial year 2024, the result moved from € -11.1 million to € 28,663. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 152.7 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,663
▲ still € 11.1 million loss in 2024
Profit after tax over the fiscal year.
€ 348,720
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 20 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
26
▲ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▲ 21% vs 2024
€ 151,000 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.
€ 733,063
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 417 million
▲ 29% vs 2024
€ 330,589 is repaid this year. At this pace the long-term loan is gone in ≈ 353 years.
€ 2.3 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.
€ 1.3 million
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,319,605 | € 14,307,440 | € 18,397,719 | € 9,250,953 | ▼ 50% |
| Profit after taxes | € 74,978,803 | € 2,153,062 | € -11,118,527 | € 28,663 | ▲ € 11.1 million |
| Equity | € 211,655,618 | € 203,808,680 | € 172,690,153 | € 152,718,815 | ▼ 12% |
| Total debts | € 297,880,446 | € 335,314,180 | € 349,036,034 | € 446,276,433 | ▲ 28% |
| Cash | € 1,036,186 | € 5,925,484 | € 1,410,283 | € 348,720 | ▼ 75% |
| Land & buildings | - | - | - | € 5,843,419 | |
| Retained profit | € 179,655,618 | € 171,808,680 | € 140,690,153 | € 120,718,815 | ▼ 14% |
| Dividend | € 20,000,000 | € 10,000,000 | € 20,000,000 | € 20,000,000 | |
| Bank debt | € 275,007,980 | € 321,402,538 | € 322,135,545 | € 416,955,105 | ▲ 29% |
| Balance sheet total | € 509,536,064 | € 539,122,860 | € 521,726,187 | € 598,995,248 | ▲ 15% |
| Employees (FTE) | 15.4 | 16.2 | 23.7 | 26 | ▲ 2.3 |
Key figures of BESIX Group, 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 BESIX Group?
What happened at BESIX Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bevafin BV/SRL stepped down as director. NBB
- Mehawed Ihab stepped down as director. NBB
- Philippe Vlerick stepped down as director. NBB
- MPH INVEST SRL stepped down as director. NBB
- Bishai Osama stepped down as director. NBB
- LEMMA BV stepped down as director. NBB
- Wouter De Geest stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 28,663. Source: NBB ↗
In short
From € 75 million profit in 2022 to € 28,663 profit in 2025.
Paid € 2 million in corporate taxes since 2022.
Best year ever: 2022, with € 75 million profit.
Paid out € 70 million in dividends to the owners in total.
Management
The stake of ManCo Investment Company SRL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BESIX GroupThe shares are held by ManCo Investment Company SRL (50%). It owns 100% of BESIX INFRA SUPPORT, 100% of BESIX GREEN1, 100% of BESIX POWER, 100% of ETABLISSEMENTS JEAN WUST, 100% of BESIX and 100% of BESIX INFRA itself.
Directors
According to the 2025 annual accounts
Wouter De Geest
Director
Also active at: VLAAMS ECONOMISCH VERBOND, Tessenderlo Group, VOKA - VLAAMS NETWERK VAN ONDERNEMINGEN, AERTSSEN GROUP, Antwerp Symphony Orchestra, Vandenbussche, Rombit Group, Netwerk ZAS
since 2018 · until 2027
Beta Aquarii SA
Director · represented by Etienne Schneider
since 2020 · until 2026
Vice-chairman of the board · represented by Johan Beerlandt
Also active at: Entreprises Jacques Delens, BESIX Unitec, BESIX Infra, N.V. BESIX S.A., SOCOGETRA, BESIX STAY, Flamant Design
since 2005 · until 2028
Suntharesan Padmanathan
Director
since 2017 · until 2026
Jérome Guiraud
Director
since 2010 · until 2025
Mehawed Ihab
Director
since 2019 · until 2028
Philippe Vlerick
Chairman of the board
Also active at: LVD COMPANY, Cecan, POINT, BELGIAN INTERNATIONAL CARPET C°, VOBIS FINANCE, MIDELCO, LVD - INVEST, VLERICK VASTGOED +8 more
since 2004 · until 2028
Director · represented by Philippe Quoilin
Also active at: Carrière des Limites, SOCOGETRA, COMPAGNIE BELGE DE BATIMENT, ESA
since 2016 · until 2028
Bishai Osama
Director
since 2010 · until 2028
Hassan Badrawi
Director
since 2025 · until 2026
Shareholders
Participations
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
BESIX GLOBAL RE
100%
LUX TP
100%
100%
Keersluis Limmel Company
66.5%
50%
Hotel 4B Development AG
49%
40%
33.2%
30%
25%
20%
COENTUNNEL
18%
GelreGroen Holding BV
10%
DE GROENE BOOG HOLDING
10%
7.4%
SAS VAN VREESWIJK
6.3%
PARKWAY 6 HOLDING
5%
Establishments
Establishment units
Physical locations of this company
Gemeenschappenlaan 100
1200 Sint-Lambrechts-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 106 companies are registered at this address.
All companies at this address →Entreprises Jacques Delens same network
€ 49.9 million revenue · 2025
Caisse de Prevoyance en Faveur du Personnel du Groupe 6 Construct
N.V. BESIX S.A. same network
€ 1.2 billion revenue · 2025
MODUMAT
SUD - CONSTRUCT
+101 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.459.154
- VAT number
- BE 0400.459.154
- Registered office
- Gemeenschappenlaan 100, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- BESIX Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 1909
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Holdings