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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Shrinking team NBB
FTE fell two years in a row, from 646 to 29.9.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DREDGING INTERNATIONAL from Beveren-Kruibeke-Zwijndrecht, company number BE0435305514, closed financial year 2025 with a result of € 43.7 million after tax. For that financial year DREDGING INTERNATIONAL recorded revenue of € 731.2 million and equity of € 222.9 million. Compared with financial year 2024, the result moved from € -16.6 million to € 43.7 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2026.
€ 222.9 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43.7 million
▲ still € 16.6 million loss in 2024
Profit after tax over the fiscal year.
€ 21.5 million
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 201.6 million.
People and assets in 2025
29.9
▼ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 67.8 million
€ 2.3 million 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.
€ 3.7 million
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 233.9 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 127 days on average.
€ 11.2 million
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 817,313,193 | € 694,259,254 | € 693,009,544 | € 731,176,211 | ▲ 6% |
| Profit after taxes | € -5,331,919 | € 7,752,365 | € -16,572,548 | € 43,698,744 | ▲ € 60.3 million |
| Equity | € 477,115,531 | € 195,808,272 | € 179,235,724 | € 222,934,468 | ▲ 24% |
| Total debts | € 452,100,534 | € 511,820,695 | € 443,590,430 | € 477,257,866 | ▲ 8% |
| Cash | € 57,952,366 | € 51,925,746 | € 30,514,937 | € 21,477,428 | ▼ 30% |
| Land & buildings | € 23,200,405 | € 33,838,117 | € 40,886,865 | € 45,235,284 | ▲ 11% |
| Retained profit | € 427,115,531 | € 174,476,267 | € 157,903,719 | € 201,602,463 | ▲ 28% |
| Dividend | € 0 | € 20,000,000 | € 0 | € 0 | |
| Bank debt | € 49,569,833 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 954,587,742 | € 722,176,652 | € 630,516,591 | € 705,329,202 | ▲ 12% |
| Employees (FTE) | 1,210.5 | 646 | 34.6 | 29.9 | ▼ 4.7 |
Key figures of DREDGING INTERNATIONAL, 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 DREDGING INTERNATIONAL?
What happened at DREDGING INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HUGO BOUVY stepped down as director. NBB
- LUC VANDENBULCKE stepped down as director. NBB
- SOFIE VERLINDEN stepped down as director. NBB
- STIJN GAYTANT stepped down as director. NBB
- CHRISTOPHER IWENS stepped down as director. NBB
- ERIC TANCRE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 43.7 million. Source: NBB ↗
- HUGO BOUVY became a director. NBB
In short
From € 5.3 million loss in 2022 to € 43.7 million profit in 2025.
Paid € 31.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 43.7 million profit.
Paid out € 20 million in dividends to the owners in total.
Management
The shares are held by DEME NV (100%). It owns 100% of Dredging International South Africa Pty Ltd, 100% of Corporacion Arenera Marina SA, 100% of Dredging International De Panama S.A., 100% of Newwaves Solutions Ltd., 100% of DI Management Consulting Shangai Ltd. and 100% of Nordsee Nasbagger- un Tiefbau GMBH itself.
Directors
According to the 2025 annual accounts
HUGO BOUVY
Director
Also active at: DREDGING, ENVIRONMENTAL & MARINE ENGINEERING, DEME Environmental, BAGGERWERKEN DECLOEDT & ZOON, DEME CONCESSIONS, DEME InfraSea Solutions, DEME Dredging, GLOBAL SEA MINERAL RESOURCES
since 2024 · until 2030
LUC VANDENBULCKE
Director
Also active at: DREDGING, ENVIRONMENTAL & MARINE ENGINEERING, DEME Environmental, BAGGERWERKEN DECLOEDT & ZOON, DEME COORDINATION CENTER, DEME CONCESSIONS, DEME InfraSea Solutions, DEME GROUP, DEME Dredging +1 more
since 2024 · until 2030
SOFIE VERLINDEN
Director
Also active at: DEME Environmental, BAGGERWERKEN DECLOEDT & ZOON, DEME COORDINATION CENTER, DEME CONCESSIONS, DEME CONCESSIONS WIND, DEME InfraSea Solutions, DEME Infra, DEME HYPORT Energy +2 more
since 2024 · until 2030
STIJN GAYTANT
Director
Also active at: DREDGING, ENVIRONMENTAL & MARINE ENGINEERING, DEME Environmental, BAGGERWERKEN DECLOEDT & ZOON, DEME COORDINATION CENTER, DEME CONCESSIONS, DEME InfraSea Solutions, Deeptech, DEME Dredging +1 more
since 2024 · until 2030
CHRISTOPHER IWENS
Director
Also active at: DEME CONCESSIONS, DEME Dredging, Combined Marine Terminal Operations Worldwide
since 2024 · until 2030
ERIC TANCRE
Director
Also active at: DREDGING, ENVIRONMENTAL & MARINE ENGINEERING, DEME Environmental, BAGGERWERKEN DECLOEDT & ZOON, DEME CONCESSIONS, DEME InfraSea Solutions, DEME Infra, DEME Dredging
since 2024 · until 2030
Shareholders
100%
Participations
Dredging International South Africa Pty Ltd
100%
Corporacion Arenera Marina SA
100%
Dredging International De Panama S.A.
100%
Newwaves Solutions Ltd.
100%
DI Management Consulting Shangai Ltd.
100%
Nordsee Nasbagger- un Tiefbau GMBH
100%
Dredeco (PNG) Ltd
100%
Dredging International Saudi Arabia LTD
99%
Logimarine Mexico SA de CV
98%
Dragagem Angola Servicos LDA
95%
International Seaport Dredging Ltd
93.7%
Earth Moving International Ltd.
82.8%
Dragamoz Limitada
75%
Dredging International Netherlands BV
75%
Societé de Dragage International
51.5%
Overseas Contracting & Chartering Services BV
50%
DIAP Thailand Co Ltd
49%
Dredging and Environmental Services Nigeria Ltd
39%
Rhama Port Hub S.R.L.
28%
Societa Italiana Dragaggi Spa
25.1%
Normalux Maritime SA
18.8%
Dredging International España sa
10%
Dredging International Argentina SA
5%
Dredging International Services Nigeria Ltd.
1%
Establishments
Establishment units
Physical locations of this company
Scheldedijk 30
2070 Beveren-Kruibeke-Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →LOGIMARINE
€ 395,401 gross margin · 2025
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING same network
€ 21.7 million revenue · 2025
DEME BEDIENDEN SOLIDARITEITSFONDS
DEME Environmental same network
€ 165.8 million revenue · 2025
ADVANCED SOIL TESTING AND ENGINEERING
+44 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
- 0435.305.514
- VAT number
- BE 0435.305.514
- Registered office
- Scheldedijk 30, 2070 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- DREDGING INTERNATIONAL · D.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Baggerwerken
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