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DREDGING INTERNATIONAL

Active
Public limited companyfounded 198838 years activeScheldedijk 30, 2070 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0435.305.514
Summary

DREDGING INTERNATIONAL has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222.9m and a net result of €43.7m. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 374 sector peers (NACE 42, fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Civil engineering
NACE 42919Civil engineering NACE 42911
#3 company by total assets in Beveren-Kruibeke-Zwijndrecht, Construction sector1 site
Size
€731.2mturnover 2025
Staff
29.9 FTE
Equity
€222.9m
Profit
€43.7m
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING · 100%
Board
6 members
Holdings
26
Auditor: EY Bedrijfsrevisoren BVAccounts 66 days early
Why 87- Liquidity: current ratio 1.05, cash €21.5m- Sector Civil engineering (NACE 42)+ Founded in 1988+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 35% of its sector peers (NACE 42, small)
Financial strength · tick = 2024
Average
Solvency 57+4
equity 31.6% of total assets
Liquidity 18=
short-term debt 67.7% · cash 3.0%
Profitability 64+49
return on assets 6.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (299 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026highest value 07-2026: 0.2%▼ -0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit up to €19,350,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.95 in 2024; short-term debt: 67.7% and cash: 3% of total assets), and 68.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, small): better than 37% on solvency, 10% on liquidity, 28% on profitability and 64% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.05, cash €21.5m
NBB · annual accounts
lowers risk · Founded in 1988
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Civil engineering (NACE 42)
KBO
lowers risk · Legal form Public limited company
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €222.9m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
66 days early
2024
66 days early
2023
42 days early
2022
47 days early
2021
52 days early
2020
61 days early
2019
56 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representative: Wim Van GasseReappointment: EY Bedrijfsrevisoren BV (statutory…
  3. Back to profitnet €43.7m

Key points

  • Positive: Back in profit in 2025after -€16.6m in 2024 €43.7m View
  • Positive: Among the best 5% on net resultsector median €231,970 · 374 companies €43.7m View
  • Controlled by DREDGING, ENVIRONMENTAL & MARINE…known shareholders 100% 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • EU research moneyEU contribution €1.2m View

By topic

Financials

Fiscal year
2025
Turnover
€731.2m
Profit
€43.7m
Solvency
31.6%
Turnover▲ 5.5%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
Parent
DREDGING, ENVIRONMENTAL & MARINE… · 100%
Known shareholders
100%
Auditor
EY Bedrijfsrevisoren BV
  • VANDENBULCKE Luc, Louis, Joseph, CorneliusChair
  • Eric TancréDirector
  • Hugo BOUVYDirector
  • Sofie VerlindenDirector
  • Christopher IwensManaging director

and 1 other director

Go to Board & ownership

Network & group

Group
ACKERMANS & VAN HAAREN
Subsidiaries
15
Holdings
26
Connected companies
18

26 holdings

Go to Network & group

Timeline

Events
52
Since
2004
Next accounts
by 31-07-2027
  1. 26-05-2025Annual accounts filed
  2. 30-07-2024Reappointments: Luc Vandenbulcke, Hugo Bouvy and 4…
  3. 24-07-2024Resignation: Els Verbraecken (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Civil engineeringNACE 42919
Founded
14-09-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Het bestuderen en uitvoeren van alle grondwerkaannemingen door uitbaggeren of andere…
Go to Articles of association

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