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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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 16 % 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
INTERNATIONAL SHIPYARD SA/NV from Willebroek, company number BE0878469018, closed financial year 2025 with a result of € -33,307 after tax. Compared with financial year 2024, the result moved from € -22,647 to € -33,307. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ -1,178
▼ € 33,307 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,307
▼ 47 % more loss than in 2024
Profit after tax over the fiscal year.
€ 39,436
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -618,539.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19,956
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 217 days on average.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Profit after taxes | € -22,647 | € -33,307 | ▼ € 10,661 |
| Equity | € 32,130 | € -1,178 | ▼ € 33,307 |
| Total debts | € 206,522 | € 240,168 | ▲ 16% |
| Cash | € 39,431 | € 39,436 | |
| Retained profit | € -585,231 | € -618,539 | ▼ € 33,307 |
| Balance sheet total | € 238,651 | € 238,991 |
Key figures of INTERNATIONAL SHIPYARD 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 INTERNATIONAL SHIPYARD SA/NV?
What happened at INTERNATIONAL SHIPYARD 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: loss of € 33,307. Source: NBB ↗
- James Demitrius GIRGULIS became a director. NBB
In short
From € 22,647 loss in 2024 to € 33,307 loss in 2025.
A new publication or filing at INTERNATIONAL SHIPYARD 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 Talleres Navales del Golfo, S.A. de C.V. itself.
Directors
According to the 2025 annual accounts
Edith SHIH
Director
Also active at: ICAVE HOLDINGS (BELGIUM) SA/NV, 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 +4 more
since 2021 · until 2027
Clemence Chun Fun CHENG
Director
Also active at: ICAVE HOLDINGS (BELGIUM) SA/NV, 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 +4 more
since 2021 · until 2027
Christian Nicolas Roger SALBAING
Director
Also active at: ICAVE HOLDINGS (BELGIUM) SA/NV, 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 +4 more
since 2021 · until 2027
John BLAKEMORE
Director
Also active at: ICAVE HOLDINGS (BELGIUM) SA/NV, 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 +4 more
since 2021 · until 2027
James Demitrius GIRGULIS
Director
Also active at: ICAVE HOLDINGS (BELGIUM) SA/NV, 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 +4 more
since 2023 · until 2028
Shane Robert AH PIANG
Director
Also active at: ICAVE HOLDINGS (BELGIUM) SA/NV, 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 +4 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Victor Dumonlaan 12
2830 Willebroek
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
ICAVE HOLDINGS (BELGIUM) SA/NV same network
HUTCHISON PORTS (BELGIUM) same network
HPH INVESTMENTS (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
- 0878.469.018
- VAT number
- BE 0878.469.018
- Registered office
- Victor Dumonlaan 12, 2830 Willebroek
- Names & denominations
- INTERNATIONAL SHIPYARD SA/NV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2006
- Peppol
- Not registered