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 38 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ICAVE HOLDINGS (BELGIUM) SA/NV from Willebroek, company number BE0475872991, closed financial year 2025 with a result of € 26.1 million after tax. Compared with financial year 2024, the result moved from € 47.6 million to € 26.1 million. The company is profitable. 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 July 6, 2026.
€ 70 million
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26.1 million
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 15.6 million
▼ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 40.9 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 28,560
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 183 days on average.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Profit after taxes | € 47,601,591 | € 26,107,048 | ▼ 45% |
| Equity | € 84,756,488 | € 69,981,064 | ▼ 17% |
| Total debts | € 50,247,059 | € 41,077,195 | ▼ 18% |
| Cash | € 39,509,905 | € 15,577,709 | ▼ 61% |
| Retained profit | € 75,766,693 | € 60,991,269 | ▼ 20% |
| Dividend | € 47,464,170 | € 40,882,472 | ▼ 14% |
| Balance sheet total | € 135,003,547 | € 111,058,259 | ▼ 18% |
Key figures of ICAVE HOLDINGS (BELGIUM) SA/NV, fiscal years 2024 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 ICAVE HOLDINGS (BELGIUM) SA/NV?
What happened at ICAVE HOLDINGS (BELGIUM) SA/NV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- James Demitrius GIRGULIS stepped down as director. NBB
- Edith SHIH stepped down as director. NBB
- Clemence Chun Fun CHENG stepped down as director. NBB
- Christian Nicolas Roger SALBAING stepped down as director. NBB
- John BLAKEMORE stepped down as director. NBB
- Shane Robert AH PIANG stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 26.1 million (▼ 45% vs 2024). Source: NBB ↗
- James Demitrius GIRGULIS became a director. NBB
In short
From € 47.6 million profit in 2024 to € 26.1 million profit in 2025.
Paid € 2.5 million in corporate taxes since 2024.
Best year ever: 2024, with € 47.6 million profit.
Paid out € 88.3 million in dividends to the owners in total.
A new publication or filing at ICAVE HOLDINGS (BELGIUM) SA/NV? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 25% of Internacional de Contenedores Asociados de Veracruz, S.A. de C.V., 25% of Lazaro Cardenas Holdings, S.A. de C.V. and 25% of L.C. Terminal Portuaria de Contenedores, S.A. de C.V. itself.
Directors
According to the 2025 annual accounts
Edith SHIH
Director
Also active at: HUTCHISON PORTS (BELGIUM), HPH INVESTMENTS (BELGIUM), HUTCHISON PORT HOLDINGS (BELGIUM), AMERICAS INTERMODAL SERVICES SA/NV, MEXICO INTERMODAL SERVICES SA/NV, LATIN AMERICA INTERMODAL SERVICES SA/NV, HUTCHISON PORTS BAJA SA/NV, HUTCHISON PORTS SEA-RAIL SA/NV +4 more
since 2021 · until 2027
Clemence Chun Fun CHENG
Director
Also active at: HUTCHISON PORTS (BELGIUM), HPH INVESTMENTS (BELGIUM), HUTCHISON PORT HOLDINGS (BELGIUM), AMERICAS INTERMODAL SERVICES SA/NV, MEXICO INTERMODAL SERVICES SA/NV, LATIN AMERICA INTERMODAL SERVICES SA/NV, HUTCHISON PORTS BAJA SA/NV, HUTCHISON PORTS SEA-RAIL SA/NV +4 more
since 2021 · until 2027
Christian Nicolas Roger SALBAING
Director
Also active at: HUTCHISON PORTS (BELGIUM), HPH INVESTMENTS (BELGIUM), HUTCHISON PORT HOLDINGS (BELGIUM), AMERICAS INTERMODAL SERVICES SA/NV, MEXICO INTERMODAL SERVICES SA/NV, LATIN AMERICA INTERMODAL SERVICES SA/NV, HUTCHISON PORTS BAJA SA/NV, HUTCHISON PORTS SEA-RAIL SA/NV +4 more
since 2021 · until 2027
John BLAKEMORE
Director
Also active at: HUTCHISON PORTS (BELGIUM), HPH INVESTMENTS (BELGIUM), HUTCHISON PORT HOLDINGS (BELGIUM), AMERICAS INTERMODAL SERVICES SA/NV, MEXICO INTERMODAL SERVICES SA/NV, LATIN AMERICA INTERMODAL SERVICES SA/NV, HUTCHISON PORTS BAJA SA/NV, HUTCHISON PORTS SEA-RAIL SA/NV +4 more
since 2021 · until 2027
James Demitrius GIRGULIS
Director
Also active at: HUTCHISON PORTS (BELGIUM), HPH INVESTMENTS (BELGIUM), HUTCHISON PORT HOLDINGS (BELGIUM), AMERICAS INTERMODAL SERVICES SA/NV, MEXICO INTERMODAL SERVICES SA/NV, LATIN AMERICA INTERMODAL SERVICES SA/NV, HUTCHISON PORTS BAJA SA/NV, HUTCHISON PORTS SEA-RAIL SA/NV +4 more
since 2023 · until 2028
Shane Robert AH PIANG
Director
Also active at: HUTCHISON PORTS (BELGIUM), HPH INVESTMENTS (BELGIUM), HUTCHISON PORT HOLDINGS (BELGIUM), AMERICAS INTERMODAL SERVICES SA/NV, MEXICO INTERMODAL SERVICES SA/NV, LATIN AMERICA INTERMODAL SERVICES SA/NV, HUTCHISON PORTS BAJA SA/NV, HUTCHISON PORTS SEA-RAIL SA/NV +4 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Victor Dumonlaan 12
2830 Willebroek
de Meeûssquare 35
1000 Brussel
Active since 19 June 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →HUTCHISON PORTS BELGIUM
€ 11.6 million revenue · 2025
ECT BELGIUM
€ 916,500 revenue · 2025
HUTCHISON PORTS (BELGIUM) same network
HPH INVESTMENTS (BELGIUM) same network
HUTCHISON PORT HOLDINGS (BELGIUM) same network
+10 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
- 0475.872.991
- VAT number
- BE 0475.872.991
- Registered office
- Victor Dumonlaan 12, 2830 Willebroek
- Names & denominations
- ICAVE HOLDINGS (BELGIUM) SA/NV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 October 2001
- Peppol
- Not registered