What does BAGGERWERKEN DECLOEDT & ZOON do?

BAGGERWERKEN DECLOEDT & ZOON is a civil engineering contractor in Oostende. Public Limited, started on 29 December 1989, 1 establishment.

What is the address of BAGGERWERKEN DECLOEDT & ZOON?

The registered office of BAGGERWERKEN DECLOEDT & ZOON is located at Slijkensesteenweg 2, 8400 Oostende.

Is BAGGERWERKEN DECLOEDT & ZOON still active?

Yes. According to the CBE (29 October 2026) BAGGERWERKEN DECLOEDT & ZOON is active, legal situation “Normale toestand”, started on 29 December 1989.

Is BAGGERWERKEN DECLOEDT & ZOON registered on Peppol?

Yes, BAGGERWERKEN DECLOEDT & ZOON is registered on the Peppol network with ID 0208:0439043675.

What is the enterprise number of BAGGERWERKEN DECLOEDT & ZOON?

The enterprise number of BAGGERWERKEN DECLOEDT & ZOON is BE0439043675.

When was BAGGERWERKEN DECLOEDT & ZOON founded?

BAGGERWERKEN DECLOEDT & ZOON was founded on 29 December 1989.

Who are the directors of BAGGERWERKEN DECLOEDT & ZOON?

According to the 2025 annual accounts, the directors of BAGGERWERKEN DECLOEDT & ZOON are: HUGO BOUVY, LUC VANDENBULCKE, SOFIE VERLINDEN, STIJN GAYTANT, ERIC TANCRE, CHRISTOPHE IWENS.

Is BAGGERWERKEN DECLOEDT & ZOON a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 December 1989; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did BAGGERWERKEN DECLOEDT & ZOON make in 2025?

BAGGERWERKEN DECLOEDT & ZOON posted a profit after taxes of € 102,462,496 in financial year 2025.

What is the revenue of BAGGERWERKEN DECLOEDT & ZOON?

In its most recent annual accounts (2025), BAGGERWERKEN DECLOEDT & ZOON reported revenue of € 159,277,358.

How much does an employee at BAGGERWERKEN DECLOEDT & ZOON earn?

The average wage cost per full-time employee at BAGGERWERKEN DECLOEDT & ZOON was € 163,800 in 2025: staff costs of € 37.7 million for 230.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BAGGERWERKEN DECLOEDT & ZOON have?

According to the 2025 annual accounts, BAGGERWERKEN DECLOEDT & ZOON has 230.2 full-time equivalents (FTE).

BAGGERWERKEN DECLOEDT & ZOON (Public Limited) - Oostende

Dossier BAGGERWERKEN DECLOEDT & ZOON, printed on 29 October 2026 from databakkes.be/en/0439043675/baggerwerken-decloedt-zoon. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

BAGGERWERKEN DECLOEDT & ZOON from Oostende, company number BE0439043675, closed financial year 2025 with a result of € 102.5 million after tax. For that financial year BAGGERWERKEN DECLOEDT & ZOON recorded revenue of € 159.3 million and equity of € 234.6 million. Compared with financial year 2024, the result moved from € 58.8 million to € 102.5 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.

What it is worth Healthy

€ 234.6 million

▼ 9% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 102.5 million

▲ 74% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 238,034

▼ 41% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 125 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

230.2

▼ 15.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 25.5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 37.7 million

€ 163,800 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.

Vehicles and equipment

€ 511

▲ 49% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 72.6 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 26.3 million

▲ 12% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 116 days on average.

Taxes and wages

€ 13.2 million

▲ 52% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 173,926,489 Revenue 2022: € 173,926,489 First fiscal year in the series	€ 126,701,411 Revenue 2023: € 126,701,411 ▼ 27% vs 2022 (€ 173,926,489) Unfavourable step	€ 155,467,759 Revenue 2024: € 155,467,759 ▲ 23% vs 2023 (€ 126,701,411) Favourable step	€ 159,277,358 Revenue 2025: € 159,277,358 ▲ 2% vs 2024 (€ 155,467,759) Favourable step	▲ 2%
Profit after taxes	€ 18,491,285 Profit after taxes 2022: € 18,491,285 First fiscal year in the series	€ 31,611,602 Profit after taxes 2023: € 31,611,602 ▲ 71% vs 2022 (€ 18,491,285) Favourable step	€ 58,808,467 Profit after taxes 2024: € 58,808,467 ▲ 86% vs 2023 (€ 31,611,602) Favourable step	€ 102,462,496 Profit after taxes 2025: € 102,462,496 ▲ 74% vs 2024 (€ 58,808,467) Favourable step	▲ 74%
Equity	€ 251,754,211 Equity 2022: € 251,754,211 First fiscal year in the series	€ 248,365,813 Equity 2023: € 248,365,813 ▼ 1% vs 2022 (€ 251,754,211) Unfavourable step	€ 257,174,280 Equity 2024: € 257,174,280 ▲ 4% vs 2023 (€ 248,365,813) Favourable step	€ 234,636,776 Equity 2025: € 234,636,776 ▼ 9% vs 2024 (€ 257,174,280) Unfavourable step	▼ 9%
Total debts	€ 120,577,102 Total debts 2022: € 120,577,102 First fiscal year in the series	€ 104,784,089 Total debts 2023: € 104,784,089 ▼ 13% vs 2022 (€ 120,577,102) Favourable step	€ 105,486,021 Total debts 2024: € 105,486,021 ▲ 1% vs 2023 (€ 104,784,089) Unfavourable step	€ 113,511,843 Total debts 2025: € 113,511,843 ▲ 8% vs 2024 (€ 105,486,021) Unfavourable step	▲ 8%
Cash	€ 3,609,430 Cash 2022: € 3,609,430 First fiscal year in the series	€ 757,693 Cash 2023: € 757,693 ▼ 79% vs 2022 (€ 3,609,430) Unfavourable step	€ 401,249 Cash 2024: € 401,249 ▼ 47% vs 2023 (€ 757,693) Unfavourable step	€ 238,034 Cash 2025: € 238,034 ▼ 41% vs 2024 (€ 401,249) Unfavourable step	▼ 41%
Land & buildings	€ 1,737,944 Land & buildings 2022: € 1,737,944 First fiscal year in the series	€ 1,522,345 Land & buildings 2023: € 1,522,345 ▼ 12% vs 2022 (€ 1,737,944) Unchanged	-	-
Retained profit	€ 152,131,980 Retained profit 2022: € 152,131,980 First fiscal year in the series	€ 148,743,581 Retained profit 2023: € 148,743,581 ▼ 2% vs 2022 (€ 152,131,980) Unfavourable step	€ 157,552,048 Retained profit 2024: € 157,552,048 ▲ 6% vs 2023 (€ 148,743,581) Favourable step	€ 135,014,544 Retained profit 2025: € 135,014,544 ▼ 14% vs 2024 (€ 157,552,048) Unfavourable step	▼ 14%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 35,000,000 Dividend 2023: € 35,000,000 Unchanged (€ 0) Unchanged	€ 50,000,000 Dividend 2024: € 50,000,000 ▲ 43% vs 2023 (€ 35,000,000) Unchanged	€ 125,000,000 Dividend 2025: € 125,000,000 ▲ 150% vs 2024 (€ 50,000,000) Unchanged	▲ 150%
Bank debt	€ 72,637,876 Bank debt 2022: € 72,637,876 First fiscal year in the series	€ 72,637,876 Bank debt 2023: € 72,637,876 Unchanged (€ 72,637,876) Unchanged	€ 72,637,876 Bank debt 2024: € 72,637,876 Unchanged (€ 72,637,876) Unchanged	€ 72,637,876 Bank debt 2025: € 72,637,876 Unchanged (€ 72,637,876) Unchanged
Balance sheet total	€ 381,482,062 Balance sheet total 2022: € 381,482,062 First fiscal year in the series	€ 364,078,590 Balance sheet total 2023: € 364,078,590 ▼ 5% vs 2022 (€ 381,482,062) Unchanged	€ 380,898,599 Balance sheet total 2024: € 380,898,599 ▲ 5% vs 2023 (€ 364,078,590) Unchanged	€ 366,434,926 Balance sheet total 2025: € 366,434,926 ▼ 4% vs 2024 (€ 380,898,599) Unchanged	▼ 4%
Employees (FTE)	278.2 Employees (FTE) 2022: 278.2 First fiscal year in the series	255.5 Employees (FTE) 2023: 255.5 ▼ 22.7 vs 2022 (278.2) Unchanged	245.7 Employees (FTE) 2024: 245.7 ▼ 9.8 vs 2023 (255.5) Unchanged	230.2 Employees (FTE) 2025: 230.2 ▼ 15.5 vs 2024 (245.7) Unchanged	▼ 15.5

Key figures of BAGGERWERKEN DECLOEDT & ZOON, 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 BAGGERWERKEN DECLOEDT & ZOON?

What happened at BAGGERWERKEN DECLOEDT & ZOON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 HUGO BOUVY stepped down as director. NBB
2030 LUC VANDENBULCKE stepped down as director. NBB
2030 SOFIE VERLINDEN stepped down as director. NBB
2030 STIJN GAYTANT stepped down as director. NBB
2030 ERIC TANCRE stepped down as director. NBB
2030 CHRISTOPHE IWENS stepped down as director. NBB
May 21, 2026 New annual accounts for financial year 2025: profit of € 102.5 million (▲ 74% vs 2024). Source: NBB ↗
2024 HUGO BOUVY became a director. NBB

In short

From € 18.5 million profit in 2022 to € 102.5 million profit in 2025.

Paid € 32.4 million in corporate taxes since 2022.

Best year ever: 2025, with € 102.5 million profit.

Paid out € 210 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

DEME NV 100%

BAGGERWERKEN DECLOEDT & ZOON

BELLSEA LTD 100%

LOGIMARINE NV 100%

DREDGING INTERNATIONAL ARGENTINA SA 95%

SOCIETA ITALIANA DRAGAGGI 74.9%

+13

The shares are held by DEME NV (100%). It owns 100% of BELLSEA LTD , 100% of LOGIMARINE NV, 95% of DREDGING INTERNATIONAL ARGENTINA SA , 74.9% of SOCIETA ITALIANA DRAGAGGI, 50% of DREDGING INTERNATIONAL UKRAINE LLC and 31.2% of DEME Luxembourg SA itself.

Directors

According to the 2025 annual accounts

HUGO BOUVY

Director

Also active at: DREDGING, ENVIRONMENTAL & MARINE ENGINEERING, DREDGING INTERNATIONAL, DEME Environmental, DEME CONCESSIONS, DEME InfraSea Solutions, DEME Dredging, GLOBAL SEA MINERAL RESOURCES

since 2024 · until 2030

LUC VANDENBULCKE

Chairman of the board

Also active at: DREDGING, ENVIRONMENTAL & MARINE ENGINEERING, DREDGING INTERNATIONAL, DEME Environmental, DEME COORDINATION CENTER, DEME CONCESSIONS, DEME InfraSea Solutions, DEME GROUP, DEME Dredging +1 more

since 2024 · until 2030

SOFIE VERLINDEN

Director

Also active at: DREDGING INTERNATIONAL, DEME Environmental, 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

since 2024 · until 2030

ERIC TANCRE

Director

Also active at: DREDGING, ENVIRONMENTAL & MARINE ENGINEERING, DREDGING INTERNATIONAL, DEME Environmental, DEME CONCESSIONS, DEME InfraSea Solutions, DEME Infra, DEME Dredging

since 2024 · until 2030

CHRISTOPHE IWENS

Director

since 2024 · until 2030

Shareholders

DEME NV

100%

Participations

BELLSEA LTD

100%

LOGIMARINE NV

100%

DREDGING INTERNATIONAL ARGENTINA SA

95%

SOCIETA ITALIANA DRAGAGGI

74.9%

DREDGING INTERNATIONAL UKRAINE LLC

50%

DEME Luxembourg SA

31.2%

DREDGING INTERNATIONAL (MALAYSIA) SDN BHD

30%

DRAGAMOZ LIMITADA

25%

DEME OFFSHORE HOLDING NV

25%

DREDGING INTERNATIONAL NETHERLANDS BV

25%

COMBINED MARINE TERMINAL OPERATIONS WORLDWIDE

20.6%

SCALDIS SALVAGE & MARINE CONTRACTORS

20.6%

NORMALUX MARITIME SA

18.8%

EARTH MOVING INTERNATIONAL NIGERIA LTD

17.2%

LOGIMARINE SA DE CV

DRAGABRAS SERVICOS DE DRAGAGEM LTDA

DREDGING INTERNATIONAL MEXICO SA DE CV

Establishments

Establishment units

Physical locations of this company

Registered office

Slijkensesteenweg 2

8400 Oostende

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.

All companies at this address →

ECOLE SUPERIEURE DE RADIO-NAVIGATION - HOGERE RADIO-NAVIGATIESCHOOL

TV ZEEZAND EXPLOITATIE

Deeptech same network

€ -320,894 gross margin · 2025

Columbi Salmon

€ -56,577 gross margin · 2025

OSTEND DRONEHUB OOSTENDE

+3 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: 0439.043.675
VAT number: BE 0439.043.675
Registered office: Slijkensesteenweg 2, 8400 Oostende
Names & denominations: BAGGERWERKEN DECLOEDT & ZOON
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 29 December 1989
Peppol: Active · Active since 14 Nov 2025
Activities · NACE: Baggerwerken

View on CBE Public ↗ Annual accounts (NBB) ↗

BAGGERWERKEN DECLOEDT & ZOON

Financials

What happened to BAGGERWERKEN DECLOEDT & ZOON?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions