Financials
Financial year 2025
OTARY BIS from Oostende, company number BE0700246364, closed financial year 2025 with a result of € 27.9 million after tax. Compared with financial year 2024, the result moved from € 66.8 million to € 27.9 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.
€ 54.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27.9 million
▼ 58% vs 2024
Profit after tax over the fiscal year.
€ 454,345
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 28.8 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.
€ 3,780
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 107 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 6,271,470 | € 40,618,930 | € 66,817,231 | € 27,937,714 | ▼ 58% |
| Equity | € 54,518,355 | € 56,729,284 | € 55,185,611 | € 54,307,125 | ▼ 2% |
| Total debts | € 12,069 | € 4,228 | € 19,439 | € 3,780 | ▼ 81% |
| Cash | € 709,873 | € 138,514 | € 1,328,978 | € 454,345 | ▼ 66% |
| Retained profit | € 763,355 | € 2,974,284 | € 6,130,611 | € 5,252,125 | ▼ 14% |
| Dividend | € 5,912,000 | € 38,408,000 | € 63,660,904 | € 28,816,200 | ▼ 55% |
| Balance sheet total | € 54,530,423 | € 56,733,512 | € 55,205,050 | € 54,310,905 | ▼ 2% |
Key figures of OTARY BIS, 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 OTARY BIS?
What happened at OTARY BIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PE BV stepped down as director. NBB
- Power@Sea stepped down as director. NBB
- Nuhma cv stepped down as director. NBB
- Sparaxis SA stepped down as director. NBB
- Socofe stepped down as director. NBB
- Rik Van De Walle stepped down as director. NBB
- Koen Janssen stepped down as director. NBB
- Bert Devriendt stepped down as director. NBB
In short
From € 6.3 million profit in 2022 to € 27.9 million profit in 2025.
Paid € 35,744 in corporate taxes since 2022.
Best year ever: 2024, with € 66.8 million profit.
Paid out € 136.8 million in dividends to the owners in total.
Management
The shares are held by Otary RS NV (51%), DEME Concessions Wind NV (6.1%), Green Offshore NV (6.1%), WOW SA (6.1%), Aspiravi Offshore II NV (6.1%) and Power@Sea NV (6.1%). It owns 70% of Seamade and 70% of North Sea Wave itself.
Directors
According to the 2025 annual accounts
Director · represented by Peter Goderis
Also active at: SeaMade, NORTH SEA WAVE, Otary RS, RENTEL, NORTHER
since 2024 · until 2030
Director · represented by Kristof Van Loon
Owns 6.4% via Otary RS NV
Also active at: SeaMade, NORTH SEA WAVE, Otary RS, RENTEL
since 2024 · until 2030
Director · represented by Ludo Kelchtermans
Also active at: A.I.T. EUROPE, CIPAL, WIND EN WATER ENERGIE PRODUCENT, 3E, C-POWER HOLDCO, SeaMade, BIONERGA LOGISTICS, NUHMERIS +21 more
since 2024 · until 2030
Director · represented by Anne Vereecke
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2024 · until 2030
Director · represented by Marcel Dormann
Owns 1.5% via Power@Sea NV · Owns 6.4% via Otary RS NV
Also active at: WE Environnement, C - Power, SeaMade, GREEN4POWER, NORTH SEA WAVE, ESTOR-LUX, PERPETUM INFRA 4BE, Estor-Lux II +7 more
since 2024 · until 2030
Rik Van De Walle
Director
Also active at: VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, ASPIRAVI OFFSHORE, WIND AAN DE STROOM 2014, GROENE ENERGIE HAVEN ANTWERPEN, WIND AAN DE STROOM 2013, SeaMade, LOMMEL WIN(D)T, A&P WIND SERVICES +13 more
since 2024 · until 2030
since 2024 · until 2030
Bert Devriendt
Director
Also active at: BLUEPOWER, SeaMade, DEME CONCESSIONS WIND, NORTH SEA WAVE, DEME HYPORT Energy, DEME BLUE ENERGY, Otary RS, RENTEL
since 2024 · until 2030
Shareholders
Participations
70%
70%
Establishments
Establishment units
Physical locations of this company
Buskruitstraat 3
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DSTNY-BACKBONE International Backbone, BE
Website info
Features
Security
Details
- Company number
- 0700.246.364
- VAT number
- BE 0700.246.364
- Registered office
- Buskruitstraat 3, 8400 Oostende
- Names & denominations
- OTARY BIS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2018
- Peppol
- Active · Active since 2 Feb 2026
- Contact
- otary.be