Financials
Financial year 2025
ASSOCIATED TERMINAL OPERATORS from Antwerpen, company number BE0882650114, closed financial year 2025 with a result of € 976,497 after tax. For that financial year ASSOCIATED TERMINAL OPERATORS recorded revenue of € 21.3 million and equity of € 8.8 million. Compared with financial year 2024, the result moved from € 1.2 million to € 976,497. 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 31, 2026.
€ 8.8 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 976,497
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 2.3 million
▲ 120% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
44.2
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 4% vs 2024
€ 72,700 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.
€ 197,586
▼ 19% vs 2024
Of which on lease € 144,549.
Debts at end 2025
€ 1.1 million
▼ 22% vs 2024
€ 325,706 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.9 million
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.
€ 1.5 million
▼ 19% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,589,327 | € 19,914,187 | € 21,658,351 | € 21,287,334 | ▼ 2% |
| Profit after taxes | € 1,973,511 | € 1,526,704 | € 1,156,884 | € 976,497 | ▼ 16% |
| Equity | € 8,911,292 | € 10,132,655 | € 11,058,162 | € 8,839,360 | ▼ 20% |
| Total debts | € 6,094,048 | € 5,633,472 | € 5,449,001 | € 5,723,146 | ▲ 5% |
| Cash | € 4,715,138 | € 5,826,169 | € 1,060,295 | € 2,331,793 | ▲ 120% |
| Land & buildings | € 7,381 | € 5,942 | € 377,640 | € 388,235 | ▲ 3% |
| Retained profit | € 7,261,292 | € 8,482,655 | € 9,408,162 | € 7,189,360 | ▼ 24% |
| Dividend | € 394,701 | € 305,341 | € 231,377 | € 3,195,299 | ▲ € 3 million |
| Bank debt | € 2,128,579 | € 1,760,372 | € 1,445,171 | € 1,129,356 | ▼ 22% |
| Balance sheet total | € 15,005,340 | € 15,766,127 | € 16,507,163 | € 14,562,506 | ▼ 12% |
| Employees (FTE) | 45.6 | 44.8 | 44.9 | 44.2 | ▼ 0.7 |
Key figures of ASSOCIATED TERMINAL OPERATORS, 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 ASSOCIATED TERMINAL OPERATORS?
What happened at ASSOCIATED TERMINAL OPERATORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 976,497 (▼ 16% vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 2 million profit in 2022 to € 976,497 profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 2 million profit.
Paid out € 4.1 million in dividends to the owners in total.
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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
The stake of BOORTMALT, VAN MOER GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ASSOCIATED TERMINAL OPERATORSBehind ASSOCIATED TERMINAL OPERATORS are Sauter Transport NV, LiberTeam BV, Erwin Veuskens and Regina B. The shares are held by BOORTMALT (50%) and VAN MOER GROUP (50%).
Directors
According to the 2025 annual accounts
Director · represented by Bert Celluy
Erwin Veuskens
Director
Also active at: BELGOMALT, BOORTMALT INTERNATIONAL, Boortmalt Herent, PORT-INVEST
Chairman of the board · represented by Johan Gemels
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zandvoort 2
2030 Antwerpen
Zandvoort 2/35
2030 Antwerpen
Active since 18 August 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
Domain
Domain
ato-antwerp.com
Registered
2006-08-28
Registrar
Realtime Register B.V.
Expires
2027-08-28
Website info
Features
Security
Network
Details
- Company number
- 0882.650.114
- VAT number
- BE 0882.650.114
- Registered office
- Zandvoort 2, 2030 Antwerpen
- Names & denominations
- ASSOCIATED TERMINAL OPERATORS · ATO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 July 2006
- Peppol
- Active · Active since 22 Jan 2026
- Activities · NACE
Diensten in verband met vervoer over water
Overige ondersteunende activiteiten i.v.m. het vervoer over water
Vrachtbehandeling in zeehavens