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EXMAR SHIPMANAGEMENT

Active
Private limited companyfounded 199035 yrs activeDe Gerlachekaai 20, 2000 Antwerpen, BelgiumKBO/BCE: BE 0442.176.676
Summary

EXMAR SHIPMANAGEMENT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.2m and a net result of -€6.1m. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-16
Solvency45▼-2
Growth36▼-22
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.39 against 0.25 in 2024; short-term debt: 76% and cash: 2.4% of total assets), and 79.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
20.4%
Return on assets
-17.3%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 d early
2024
35 d early
2023
30 d early
2022
34 d early
2021
40 d early
2020
37 d early
2019
51 d 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 36 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

EXMAR SHIPMANAGEMENT was incorporated on 11 December 1990.1 The name was changed to EXMAR SHIPMANAGEMENT in 2006.2 The board currently has 49 members; Marc Robert has served longest, since 2011.3 Revenue fell from EUR 18 million in 2018 to EUR 9.3 million in 2025 and headcount from 99.3 to 63.5 full-time equivalents.4

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 03-07-2006
  3. 3Belgian State Gazette, 04-03-2021
  4. 4National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€9.3m▼ 33.6%
2024 · €14.0m
EBIT margin
-30.7%▼ 26.5pp
2024 · -4.3%
Net result
-€6.1m
2024 · €2.1m
Working capital
-€16.4m▲ 51.8%
2024 · -€34.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€18.0m▼ 19.2%€17.6m▼ 2.5%€14.2m▼ 18.9%€14.0m▼ 1.8%€9.3m▼ 33.6%
Operating result€1.9m▼ 85.9%€270,915▼ 85.6%-€1.6m-€595,912▲ 62.7%-€2.9m▼ 379%
Net result€2.0mabove the sector's middle half▼ 72.8%€965,039above the sector's middle half▼ 51.4%-€525,969below the sector's middle half€2.1mabove the sector's middle half-€6.1mbelow the sector's middle half
EBIT margin10.5%▼ 49.6pp1.5%▼ 8.9pp-11.2%▼ 12.7pp-4.3%▲ 6.9pp-30.7%▼ 26.5pp
Equity€10.8mabove the sector's middle half▲ 22.5%€11.8mabove the sector's middle half▲ 8.9%€11.3mabove the sector's middle half▼ 4.5%€13.4mabove the sector's middle half▲ 18.8%€7.2mabove the sector's middle half▼ 46.0%
Total assets€20.9mwithin the sector's middle half▲ 1.1%€24.2mabove the sector's middle half▲ 15.5%€26.6mabove the sector's middle half▲ 10.1%€60.3mabove the sector's middle half▲ 126%€35.5mabove the sector's middle half▼ 41.2%
Debt€10.1m▼ 14.8%€12.4m▲ 22.6%€15.4m▲ 24.0%€46.6m▲ 203%€27.3m▼ 41.5%
Working capital€12.3mabove the sector's middle half▲ 0.8%€13.2mabove the sector's middle half▲ 6.9%€12.7mabove the sector's middle half▼ 3.6%-€34.0mbelow the sector's middle half-€16.4mbelow the sector's middle half▲ 51.8%
Solvency51.6%within the sector's middle half▲ 9.0pp48.7%within the sector's middle half▼ 2.9pp42.2%within the sector's middle half▼ 6.5pp22.2%within the sector's middle half▼ 20.1pp20.4%within the sector's middle half▼ 1.8pp
Current ratio2.53above the sector's middle half▼ 0.052.26above the sector's middle half▼ 0.271.96within the sector's middle half▼ 0.300.25below the sector's middle half▼ 1.720.39below the sector's middle half▲ 0.14
Return on assets (ROA)9.5%above the sector's middle half▼ 25.7pp4.0%within the sector's middle half▼ 5.5pp-2.0%below the sector's middle half▼ 6.0pp3.5%within the sector's middle half▲ 5.5pp-17.3%below the sector's middle half▼ 20.8pp
Staff (FTE)69above the sector's middle half▼ 24.3%67.1above the sector's middle half▼ 2.8%71.6above the sector's middle half▲ 6.7%61.9above the sector's middle half▼ 13.5%63.5above the sector's middle half▲ 2.6%
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€7.5m-€5.0m-€2.5m€0€2.5mOperating result 2021: €1.9m€1.9mNet result 2021: €2.0m€2.0mOperating result 2022: €270,915€270,915Net result 2022: €965,039€965,039Operating result 2023: -€1.6m-€1.6mNet result 2023: -€525,969-€525,969Operating result 2024: -€595,912-€595,912Net result 2024: €2.1m€2.1mOperating result 2025: -€2.9m-€2.9mNet result 2025: -€6.1m-€6.1m20212022202320242025-€7.5m-€5m-€2.5m€0€2.5mOperating result 2023: -€1.6m-€1.6mNet result 2023: -€525,969-€526,000Operating result 2024: -€595,912-€596,000Net result 2024: €2.1m€2.1mOperating result 2025: -€2.9m-€2.9mNet result 2025: -€6.1m-€6.1m202320242025
The operating result stays negative: a loss of €2.9m in 2025 against €595,912 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35.5m
Fixed assets €24.9m ▼ 49.3%
Current assets €10.6m ▼ 5.4%
Equity and liabilities €35.5m
Equity €7.2m ▼ 46.0%
Provisions €958,888 ▲ 214%
Debt €27.3m ▼ 41.5%
Debt's share of the balance-sheet total falls from 77.3% to 76.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2.8m▼
2024 · -€590,929
Cash flow
-€6.1m▼
2024 · €2.1m
Debt to equity
3.78▲
2024 · 3.49
ROE
-85.1%▼
2024 · 15.9%
Interest coverage
-1.95▼
2024 · -0.40
Debt ≤ 1 year
€27.0m▼
2024 · €45.2m
Debt > 1 year
€40,000▼
2024 · €980,000
Income taxes
€28,468▼
2024 · €761,195
Staff costs
€8.1m▼
2024 · €8.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines
Balance sheet Code20242025
Assets
Total assets20/58€60.3m€35.5m▼
Fixed assets21/28€49.1m€24.9m▼
Intangible fixed assets21€52,363€464,533▲
Tangible fixed assets22/27€33,827€198,980▲
Furniture and vehicles24€33,827€198,980▲
Financial fixed assets28€49.0m€24.2m▼
Affiliated companies280/1€49.0m€24.2m▼
Participating interests280€464,528€464,528=
Amounts receivable281€48.6m€23.8m▼
Current assets29/58€11.2m€10.6m▼
Amounts receivable within one year40/41€8.8m€9.6m▲
Trade receivables40€8.1m€5.8m▼
Other amounts receivable41€677,727€3.8m▲
Cash at bank and in hand54/58€2.2m€862,223▼
Deferred charges and accrued income490/1€194,652€82,341▼
Equity and liabilities
Total equity and liabilities10/49€60.3m€35.5m▼
Equity10/15€13.4m€7.2m▼
Contributions10/11€62,000€62,000=
Reserves13€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200=
Reserves not available under the articles1311€6,200€6,200=
Profit (loss) carried forward14€13.3m€7.2m▼
Provisions and deferred taxes16€305,302€958,888▲
Provisions for liabilities and charges160/5€305,302€958,888▲
Other liabilities and charges164/5€305,302€958,888▲
Amounts payable17/49€46.6m€27.3m▼
Amounts payable after more than one year17€980,000€40,000▼
Financial debts170/4€980,000€40,000▼
Other loans174€980,000€40,000▼
Amounts payable within one year42/48€45.2m€27.0m▼
Financial debts43€34.2m€16.4m▼
Other loans439€34.2m€16.4m▼
Trade debts44€5.4m€4.8m▼
Suppliers440/4€5.4m€4.8m▼
Taxes, remuneration and social security45€4.3m€2.9m▼
Taxes450/3€2.6m€1.7m▼
Remuneration and social security454/9€1.7m€1.3m▼
Other amounts payable47/48€1.3m€2.9m▲
Accrued charges and deferred income492/3€497,102€298,957▼
Income statement Code20242025
Operating income70/76A€14.3m€10.5m▼
Turnover70€14.0m€9.3m▼
Other operating income74€127,597€1.2m▲
Non-recurring operating income76A€167,234-
Operating charges60/66A€14.9m€13.3m▼
Services and other goods61€6.2m€5.2m▼
Remuneration, social security and pensions62€8.7m€8.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,983€13,299▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13,789-
Other operating charges640/8€28,033€36,282▲
Operating profit (loss)9901-€595,912-€2.9m▼
Financial income75/76B€5.0m€3.8m▼
Recurring financial income75€4.9m€3.8m▼
Income from financial fixed assets750€2.4m€3.7m▲
Other financial income752/9€2.5m€82,727▼
Non-recurring financial income76B€40,000-
Financial charges65/66B€1.5m€7.1m▲
Recurring financial charges65€1.5m€7.1m▲
Debt charges650€1.5m€1.5m▼
Other financial charges652/9€26,454€5.6m▲
Non-recurring financial charges66B€7,704-
Profit (loss) for the period before taxes9903€2.9m-€6.1m▼
Income taxes67/77€761,195€28,468▼
Taxes670/3€761,195€28,468▼
Profit (loss) for the period9904€2.1m-€6.1m▼
Profit (loss) for the period to be appropriated9905€2.1m-€6.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€13.3m€7.2m▼
Profit (loss) brought forward from the previous period14P€11.2m€13.3m▲
Social balance
Average headcount (FTE)908761.963.5▲

The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€18.2m€17.8m€14.4m€14.3m€10.5m▼ 26.7%
Turnover70€18.0m€17.6m€14.2m€14.0m€9.3m▼ 33.6%
Other operating income74€208,653€196,773€149,113€127,597€1.2m▲ 836%
Non-recurring operating income76A€3,223--€167,234--
Operating charges60/66A€16.3m€17.5m€16.0m€14.9m€13.3m▼ 10.4%
Services and other goods61€8.0m€8.5m€7.2m€6.2m€5.2m▼ 16.3%
Remuneration, social security and pensions62€7.7m€8.2m€8.8m€8.7m€8.1m▼ 6.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,375€32,978€11,344€4,983€13,299▲ 167%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€13,789--
Other operating charges640/8€587,572€674,993€57,543€28,033€36,282▲ 29.4%
Non-recurring operating charges66A€336-----
Operating profit (loss)9901€1.9m€270,915-€1.6m-€595,912-€2.9m▼ 379%
Financial income75/76B€2.3m€2.5m€2.1m€5.0m€3.8m▼ 23.4%
Recurring financial income75€2.3m€2.5m€1.3m€4.9m€3.8m▼ 22.8%
Income from financial fixed assets750-€974,950€1.1m€2.4m€3.7m▲ 55.8%
Other financial income752/9€2.3m€1.5m€185,546€2.5m€82,727▼ 96.8%
Non-recurring financial income76B--€797,270€40,000--
Financial charges65/66B€679,307€667,814€978,850€1.5m€7.1m▲ 371%
Recurring financial charges65€552,057€667,814€978,850€1.5m€7.1m▲ 373%
Debt charges650€18,359€604,721€829,467€1.5m€1.5m▼ 0.9%
Other financial charges652/9€533,698€63,093€149,383€26,454€5.6m▲ 21,164%
Non-recurring financial charges66B€127,250--€7,704--
Profit (loss) for the period before taxes9903€3.5m€2.1m-€496,955€2.9m-€6.1m▼ 312%
Income taxes67/77€1.5m€1.1m€29,014€761,195€28,468▼ 96.3%
Taxes670/3€1.5m€1.1m€29,014€761,195€28,468▼ 96.3%
Profit (loss) for the period9904€2.0m€965,039-€525,969€2.1m-€6.1m▼ 390%
Profit (loss) for the period to be appropriated9905€2.0m€965,039-€525,969€2.1m-€6.1m▼ 390%
Line20212022202320242025Change
Assets
Total assets20/58€20.9m€24.2m€26.6m€60.3m€35.5m▼ 41.2%
Fixed assets21/28€542,623€549,958€760,371€49.1m€24.9m▼ 49.3%
Intangible fixed assets21€2,697--€52,363€464,533▲ 787%
Tangible fixed assets22/27€52,406€22,124€38,810€33,827€198,980▲ 488%
Furniture and vehicles24€52,406€22,124€38,810€33,827€198,980▲ 488%
Financial fixed assets28€487,520€527,834€721,561€49.0m€24.2m▼ 50.6%
Affiliated companies280/1€467,120€517,338€721,561€49.0m€24.2m▼ 50.6%
Participating interests280€467,120€467,120€464,450€464,528€464,528=
Amounts receivable281-€50,218€257,111€48.6m€23.8m▼ 51.1%
Other financial fixed assets284/8€20,400€10,496----
Amounts receivable and cash guarantees285/8€20,400€10,496----
Current assets29/58€20.4m€23.6m€25.9m€11.2m€10.6m▼ 5.4%
Amounts receivable within one year40/41€19.0m€22.3m€24.9m€8.8m€9.6m▲ 9.4%
Trade receivables40€5.7m€8.5m€19.0m€8.1m€5.8m▼ 28.2%
Other amounts receivable41€13.3m€13.8m€5.8m€677,727€3.8m▲ 460%
Cash at bank and in hand54/58€1.3m€1.2m€884,072€2.2m€862,223▼ 60.4%
Deferred charges and accrued income490/1€72,905€113,234€136,174€194,652€82,341▼ 57.7%
Equity and liabilities
Total equity and liabilities10/49€20.9m€24.2m€26.6m€60.3m€35.5m▼ 41.2%
Equity10/15€10.8m€11.8m€11.3m€13.4m€7.2m▼ 46.0%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Reserves not available under the articles1311€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14€10.7m€11.7m€11.2m€13.3m€7.2m▼ 46.2%
Provisions and deferred taxes16---€305,302€958,888▲ 214%
Provisions for liabilities and charges160/5---€305,302€958,888▲ 214%
Other liabilities and charges164/5---€305,302€958,888▲ 214%
Amounts payable17/49€10.1m€12.4m€15.4m€46.6m€27.3m▼ 41.5%
Amounts payable after more than one year17€1.0m€1.0m€990,000€980,000€40,000▼ 95.9%
Financial debts170/4€1.0m€1.0m€990,000€980,000€40,000▼ 95.9%
Other loans174€1.0m€1.0m€990,000€980,000€40,000▼ 95.9%
Amounts payable within one year42/48€8.1m€10.5m€13.2m€45.2m€27.0m▼ 40.3%
Financial debts43---€34.2m€16.4m▼ 52.2%
Other loans439---€34.2m€16.4m▼ 52.2%
Trade debts44€3.9m€4.7m€6.0m€5.4m€4.8m▼ 10.8%
Suppliers440/4€3.9m€4.7m€6.0m€5.4m€4.8m▼ 10.8%
Taxes, remuneration and social security45€3.5m€4.6m€4.0m€4.3m€2.9m▼ 31.0%
Taxes450/3€2.2m€2.4m€2.3m€2.6m€1.7m▼ 36.0%
Remuneration and social security454/9€1.3m€2.2m€1.7m€1.7m€1.3m▼ 23.1%
Other amounts payable47/48€623,823€1.1m€3.1m€1.3m€2.9m▲ 116%
Accrued charges and deferred income492/3€1.1m€950,302€1.2m€497,102€298,957▼ 39.9%
Line20212022202320242025Change
Profit (loss) for the period9904€2.0m€965,039-€525,969€2.1m-€6.1m▼ 390%
+ Depreciation and write-downs630€35,375€32,978€11,344€4,983€13,299▲ 167%
Operating cash flow (approximation)€2.0m€998,017-€514,625€2.1m-€6.1m▼ 389%
Investment in fixed assets (approximation)--€40,313-€221,757-€48.4m€24.2m▲ 150%
Change in cash--€70,030-€359,059€1.3m-€1.3m▼ 202%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-08
State Gazette act Appointment: Deloitte Belgium (statutory auditor)
Permanent representative: Fabio De Clercq · Power of attorney5 facts ▸
  • General meeting, 16-06-2026
  • Auditor appointment, Deloitte Belgium (statutory auditor)
  • Permanent representative, Fabio De Clercq (permanent representative)
  • Power of attorney, Nathalie Donvil
  • Power of attorney, Kimberly Molders
09-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
01-06
State Gazette act Reappointments: Carl-Antoine Saverys, Nicolas Saverys and Jonathan Raes
Power of attorney31 facts ▸
  • General meeting, 16-06-2025
  • Director reappointment, Carl-Antoine Saverys (director)
  • Director reappointment, Nicolas Saverys (director)
  • Director reappointment, Jonathan Raes (director)
  • Board meeting, 17-09-2025
  • Power of attorney, Christoph Vervecken
  • Power of attorney, Dmitriy Ivanov
  • Power of attorney, Elke Stoffelen
  • Power of attorney, Dilayla Baho
  • Power of attorney, Arne Lippens
  • Power of attorney, Joni Huybrechts
  • Power of attorney, Adarsh Agarwal
  • +19 further facts in this act
2025
31-12
Financial Weakest financial yearnet -€6.1m
Net result drops to -€6.1m, the lowest in the series.
18-08
State Gazette act Appointments: Christoph Vervecken, Joachim Torfs and 24 others
Resignations: Carl-Antoine Saverys, Nicolas Saverys and Jonathan Raes · Reappointments: Carl-Antoine Saverys, Nicolas Saverys and Jonathan Raes · Mandate compensation37 facts ▸
  • Board meeting, 13/12/2024
  • General meeting, 16/06/2025
  • Director appointment, Christoph Vervecken (vertegenwoordigingsbevoegdheid bemanningsbeheer)
  • Director appointment, Joachim Torfs (vertegenwoordigingsbevoegdheid bemanningsbeheer)
  • Director appointment, Dmitriy Ivanov (vertegenwoordigingsbevoegdheid bemanningsbeheer)
  • Director appointment, Elke Stoffelen (vertegenwoordigingsbevoegdheid bemanningsbeheer)
  • Director appointment, Arne Lippens (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Joni Huybrechts (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Adarsh Agarwal (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Plamen Dimitrakiev (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Anthony Schots (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Borys Novykov (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • +25 further facts in this act
26-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
28-04
State Gazette act Resignations: Oleys BV, Guido Olislagers and 2 others
Appointments: TOGOMAR BV, Morten Pilnov and 3 others · Director discharge · Mandate compensation22 facts ▸
  • General meeting, 25/02/2025
  • Director resignation, Oleys BV (director)
  • Director resignation, Guido Olislagers (managing director)
  • Director resignation, Jens Ismar (director)
  • Director resignation, Frederik Van Nuffel (director)
  • Director discharge, Oleys BV
  • Director discharge, Guido Olislagers
  • Director discharge, Jens Ismar
  • Director discharge, Frederik Van Nuffel
  • Director appointment, TOGOMAR BV (director)
  • Director appointment, Morten Pilnov (director)
  • Director appointment, Francis Mottrie (director)
  • +10 further facts in this act
2024
31-12
Financial Back to profitnet €2.1m
Net result €2.1m after one loss-making year.
23-09
State Gazette act Resignations & appointments · Miscellaneous
Power of attorney25 facts ▸
  • Board meeting, 27/06/2024
  • Power of attorney, Christoph Vervecken
  • Power of attorney, Joachim Torfs
  • Power of attorney, Dmitriy Ivanov
  • Power of attorney, Arne Lippens
  • Power of attorney, Joni Huybrechts
  • Power of attorney, Christophe Roes
  • Power of attorney, Plamen Dimitrakiev
  • Power of attorney, Anthony Schots
  • Power of attorney, Borys Novykov
  • Power of attorney, Tomislav Bogadi
  • Power of attorney, Sergiy Dabizha
  • +13 further facts in this act
01-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
07-05
State Gazette act Appointments: Nicolas Saverys, Guido Olislagers and 7 others
Permanent representative: Fabio De Clercq · Power of attorney38 facts ▸
  • Board meeting, 11/03/2024
  • Director appointment, Nicolas Saverys (chair)
  • Director appointment, Guido Olislagers (managing director)
  • Director appointment, Jens Ismar (director)
  • Director appointment, Jonathan Raes (director)
  • Director appointment, Frederik Van Nuffel (director)
  • Director appointment, Carl-Antoine Saverys (director)
  • Director appointment, Guido Olislagers (lid directiecomité)
  • Director appointment, Sarai Romero Campo (lid directiecomité)
  • Director appointment, Adolfo Ibanez (lid directiecomité)
  • Power of attorney, Christoph Vervecken
  • Power of attorney, Joachim Torfs
  • +26 further facts in this act
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
18-04
State Gazette act Appointments: Guido Olislagers, Sarai Romero Campo and 22 others
Resignation: Sachin Mohan (vertegenwoordigingsbevoegdheid)27 facts ▸
  • Board meeting, 27/02/2023
  • Board meeting, 06/03/2023
  • Director appointment, Guido Olislagers (managing director)
  • Director appointment, Sarai Romero Campo (directeur shipping)
  • Director appointment, Adolfo Ibanez (directeur infrastructuur)
  • Director appointment, Emmanuel Aguirre (nautisch beheer)
  • Director appointment, Emma Scheiris (hseq beheer)
  • Director resignation, Sachin Mohan (vertegenwoordigingsbevoegdheid)
  • Director appointment, Christoph Vervecken (bemanningsbeheer)
  • Director appointment, Joachim Torfs (bemanningsbeheer)
  • Director appointment, Dmitriy Ivanov Roes (bemanningsbeheer)
  • Director appointment, Arre Lippens (technisch beheer schepen)
  • +15 further facts in this act
22-02
State Gazette act Resignation: Claude Maerten (lid directiecomité)
Appointments: Guido Olislagers, Sarai Romero Campo and 2 others · Power of attorney27 facts ▸
  • Board meeting, 05/12/2022
  • Director resignation, Claude Maerten (lid directiecomité)
  • Director appointment, Guido Olislagers (managing director)
  • Director appointment, Sarai Romero Campo (directeur shipping)
  • Director appointment, Adolfo Ibanez (directeur infrastructuur)
  • Director appointment, Dmitriy Ivanov (afdeling bemanningsbeheer)
  • Power of attorney, Christoph Vervecken
  • Power of attorney, Joachim Torfs
  • Power of attorney, Dmitriy Ivanov
  • Power of attorney, Arne Lippens
  • Power of attorney, Andrej Supren
  • Power of attorney, Joni Huybrechts
  • +15 further facts in this act
06-02
State Gazette act Resignation: Claude Maerten (lid directiecomité)
Appointments: Guido Olislagers, Sarai Romero Campo and 22 others26 facts ▸
  • Board meeting, 05/12/2022
  • Director resignation, Claude Maerten (lid directiecomité)
  • Director appointment, Guido Olislagers (managing director)
  • Director appointment, Sarai Romero Campo (directeur shipping)
  • Director appointment, Adolfo Ibanez (directeur infrastructuur)
  • Director appointment, Dmitriy Ivanov (vertegenwoordiger bemanningsbeheer)
  • Director appointment, Christoph Vervecken (vertegenwoordiger bemanningsbeheer)
  • Director appointment, Joachim Torfs (vertegenwoordiger bemanningsbeheer)
  • Director appointment, Ane Lippens (vertegenwoordiger technisch beheer schepen)
  • Director appointment, Andrej Supren (vertegenwoordiger technisch beheer schepen)
  • Director appointment, Joni Huybrechts (vertegenwoordiger technisch beheer schepen)
  • Director appointment, Serge Lebon (vertegenwoordiger technisch beheer schepen)
  • +14 further facts in this act
2022
04-10
State Gazette act Appointments: Christoph Vervecken, Joachim Torfs and 22 others
Permanent representative: Guido Olislagers · Resignation: Niels Vanlaer (lid directiecomité)27 facts ▸
  • Board meeting, 19/05/2022
  • Director appointment, Christoph Vervecken (vertegenwoordigingsbevoegdheid bemanningsbeheer)
  • Director appointment, Joachim Torfs (vertegenwoordigingsbevoegdheid bemanningsbeheer)
  • Director appointment, Arne Lippens (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Andrej Supren (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Joni Huybrechts (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Serge Lebon (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Sachin Mohan (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Christophe Roes (vertegenwoordigingsbevoegdheid technisch beheer schepen)
  • Director appointment, Emma Scheiris (vertegenwoordigingsbevoegdheid nautisch beheer)
  • Director appointment, Dave Ariën (vertegenwoordigingsbevoegdheid aankoop)
  • Director appointment, Patrick Arcay (vertegenwoordigingsbevoegdheid personeelsbeheer)
  • +15 further facts in this act
21-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €10mEq €10.8m ▲22.5%
2 profitable years in a row build equity to €10.8m.
09-11
State Gazette act Appointments: OLEYS, Nicolas Saverys and 7 others
Permanent representative: Guido Olislagers · Power of attorney17 facts ▸
  • General meeting, 15/09/2021
  • Board meeting, 15/09/2021
  • Director appointment, OLEYS (director)
  • Permanent representative, Guido Olislagers
  • Director appointment, Nicolas Saverys (chair)
  • Director appointment, OLEYS (managing director)
  • Director appointment, Jens Ismar (director)
  • Director appointment, Jonathan Raes (director)
  • Director appointment, Frederik Van Nuffel (director)
  • Director appointment, Carl-Antoine Saverys (director)
  • Director appointment, OLEYS (directiecomité)
  • Director appointment, Claude Maerten (directiecomité)
  • +5 further facts in this act
23-09
State Gazette act Appointments: Nicolas Saverys, Guido Olislagers and 7 others
Power of attorney31 facts ▸
  • Board meeting, 29/06/2021
  • Director appointment, Nicolas Saverys (chair)
  • Director appointment, Guido Olislagers (managing director)
  • Director appointment, Jens Ismar (director)
  • Director appointment, Jonathan Raes (director)
  • Director appointment, Frederik Van Nuffel (director)
  • Director appointment, Carl-Antoine Saverys (director)
  • Director appointment, Guido Olislagers (lid directiecomité)
  • Director appointment, Claude Maerten (lid directiecomité)
  • Director appointment, Sarai Romero Campo (lid directiecomité)
  • Director appointment, Adolfo Ibanez (lid directiecomité)
  • Power of attorney, Marc Robert
  • +19 further facts in this act
20-07
State Gazette act Resignation: Joris Damarı (director)
Appointment: Guido Olislagers (director)3 facts ▸
  • General meeting, 15/06/2021
  • Director resignation, Joris Damarı (director)
  • Director appointment, Guido Olislagers (director)
24-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
04-03
State Gazette act Appointments: Nicolas Saverys, Joris Daman and 7 others
Resignations: Sven Smeulders, Gregory Claes and Yuri Verniers · Power of attorney33 facts ▸
  • Board meeting, 10/02/2021
  • Director appointment, Nicolas Saverys (chair)
  • Director appointment, Joris Daman (managing director)
  • Director appointment, Jens Ismar (director)
  • Director appointment, Jonathan Raes (director)
  • Director appointment, Fredenk Van Nuffel (director)
  • Director appointment, Carl-Antoine Saverys (director)
  • Director appointment, Joris Daman (lid directiecomité)
  • Director appointment, Claude Maerten (lid directiecomité)
  • Director appointment, Marc Robert (lid directiecomité)
  • Director appointment, Adolfo Ibanez (lid directiecomité)
  • Director resignation, Sven Smeulders (lid directiecomité)
  • +21 further facts in this act
07-01
State Gazette act Resignation: Ariane Saverys (director)
Appointment: Carl-Antoine Saverys (director) · Legal-form conversion · Statutes amendment10 facts ▸
  • General meeting, 17/12/2020
  • Legal-form conversion, besloten vennootschap
  • Statutes amendment
  • Statutes amendment
  • Net-asset statement, 30/09/2020
  • Capital, €62.000
  • Director resignation, Ariane Saverys (director)
  • Director discharge, Ariane Saverys
  • Director appointment, Carl-Antoine Saverys (director)
  • Mandate compensation, Carl-Antoine Saverys
2020
31-12
Financial Back to profitnet €7.3m
Net result €7.3m after one loss-making year.
31-12
Financial Equity above €5mEq €8.8m ▲476%
Equity rises from €1.5m to €8.8m.
14-07
State Gazette act Appointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Permanent representative: Ben Vandeweyer3 facts ▸
  • General meeting, 12/5/2020
  • Auditor appointment, Deloitte Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Ben Vandeweyer
10-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
06-12
State Gazette act Resignations: Patrick De Brabandere, Pierre Dincа and Marc Nuytemans
Appointments: Jens Ismar, Jonathan Raes and 8 others · Director discharge · Power of attorney54 facts ▸
  • General meeting, 11/10/2019
  • Director resignation, Patrick De Brabandere (director)
  • Director resignation, Pierre Dincа (director)
  • Director resignation, Marc Nuytemans (director)
  • Director resignation, Marc Nuytemans (managing director)
  • Director discharge, EXMAR SHIPMANAGEMENT
  • Director appointment, Jens Ismar (director)
  • Director appointment, Jonathan Raes (director)
  • Director appointment, Frederik Van Nuffel (director)
  • Director appointment, Joris Daman (director)
  • Board meeting, 05/11/2019
  • Director appointment, Nicolas Saverys (voorzitter raad van bestuur)
  • +42 further facts in this act
02-07
State Gazette act Reappointments: Marc Nuytemans, Nicolas Saverys and 3 others
7 facts ▸
  • General meeting, 03/06/2019
  • Director reappointment, Marc Nuytemans (director)
  • Director reappointment, Nicolas Saverys (director)
  • Director reappointment, Patrick De Brabandere (director)
  • Director reappointment, Pierre Dincq (director)
  • Director reappointment, Ariane Saverys (director)
  • Director reappointment, Marc Nuytemans (managing director)
17-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
18-12
State Gazette act Appointments: Gregory Claes, Ariane Saverys and 7 others
Power of attorney40 facts ▸
  • Board meeting, 04/09/2017
  • Director appointment, Gregory Claes (day-to-day manager)
  • Director appointment, Ariane Saverys (day-to-day manager)
  • Director appointment, Yuri Verniers (day-to-day manager)
  • Director appointment, Marc Nuytemans (managing director)
  • Director appointment, Claude Maerten (directeur lng)
  • Director appointment, Niels Vanlaer (nautisch directeur (directeur marine))
  • Director appointment, Marc Robert (directeur lpg)
  • Director appointment, Sven Smeulders (financieel directeur)
  • Director appointment, Gregory Claes (directeur offshore)
  • Director appointment, Ariane Saverys (corporate directeur)
  • Director appointment, Yuri Vermiers (directeur bemanning)
  • +28 further facts in this act
22-09
State Gazette act Resignations: Wim De Deken (day-to-day manager) and Kristel Mertens (day-to-day manager)
Appointments: Marc Nuytemans, Claude Maerten and 4 others · Permanent representative: Ben Vandeweyer · Power of attorney33 facts ▸
  • Board meeting, 26/01/2017
  • General meeting, 02/06/2017
  • Director resignation, Wim De Deken (day-to-day manager)
  • Director resignation, Kristel Mertens (day-to-day manager)
  • Director appointment, Marc Nuytemans (managing director)
  • Director appointment, Claude Maerten (directeur lng)
  • Director appointment, Niels Vanlaer (nautisch directeur (functietitel directeur marine))
  • Director appointment, Marc Robert (directeur lpg)
  • Director appointment, Sven Smeulders (financieel directeur)
  • Power of attorney, Pierre Van Rysselberghe
  • Power of attorney, Axel Biront
  • Power of attorney, Walter Van de Werf
  • +21 further facts in this act
27-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
10-08
State Gazette act Resignations: Bert de Keyser (day-to-day manager) and Filip Herremans (algemeen directeur)
Appointments: Marc Nuytemans, Claude Maerten and 5 others · Permanent representatives: Filip de Bock and Serge Cosijns · Power of attorney47 facts ▸
  • Board meeting, 28/06/2013
  • Director resignation, Bert de Keyser (day-to-day manager)
  • Director appointment, Marc Nuytemans (managing director)
  • Director appointment, Claude Maerten (directeur lng)
  • Director appointment, Niels Vanlaer (nautisch directeur)
  • Director appointment, Wim De Deken (directeur exmar offshore services sa)
  • Director appointment, Marc Robert (directeur lpg)
  • Director appointment, Kristel Mertens (financieel en administratief directeur)
  • Director appointment, Filip Herremans (algemeen directeur (functietitel general manager))
  • Power of attorney, Adel Benharkat
  • Power of attorney, Walter Van de Werf
  • Power of attorney, Wim De Jongh
  • +35 further facts in this act
2015
28-08
State Gazette act Appointment: KPMG Bedrijfsrevisoren Burg CVBA (statutory auditor)
Permanent representative: Filip De Bock · Power of attorney4 facts ▸
  • General meeting, 12/05/2015
  • Auditor appointment, KPMG Bedrijfsrevisoren Burg CVBA (statutory auditor)
  • Permanent representative, Filip De Bock
  • Power of attorney, Christine Van Acker
2014
04-09
State Gazette act Reappointments: Nicolas Saverys, Marc Nuytemans and 2 others
5 facts ▸
  • General meeting, 12-05-2014
  • Director reappointment, Nicolas Saverys (director)
  • Director reappointment, Marc Nuytemans (director)
  • Director reappointment, Pierre Dinca (director)
  • Director reappointment, Patrick De Brabandere (director)
30-04
State Gazette act Appointment: Ariane Saverys (director)
2 facts ▸
  • General meeting, 06/01/2014
  • Director appointment, Ariane Saverys (director)
31-01
State Gazette act Purpose · Statutes amendment
Purpose change · Power of attorney4 facts ▸
  • General meeting, 30/12/2013
  • Purpose change, Het verlenen en leveren van diensten en adviezen, hetzij als makelaar, agent of raadgever, aan eigenaars, reders, beheerders of uitbaters van maritieme en offsh…
  • Statutes amendment
  • Power of attorney, Christine Van Acker
2013
25-06
State Gazette act Resignations: Willy D'Hoore, Boudwijn Baert and 9 others
Appointments: Marc Nuytemans, Bert De Keyser and 5 others · Power of attorney64 facts ▸
  • Board meeting, 18/02/2013
  • Director resignation, Willy D'Hoore (day-to-day manager)
  • Director resignation, Boudwijn Baert (day-to-day manager)
  • Director resignation, Willem Dekeyser (day-to-day manager)
  • Director resignation, Peter Verstuyft (day-to-day manager)
  • Director resignation, René Jungbluth (day-to-day manager)
  • Director resignation, Jan De Brabandere (day-to-day manager)
  • Director resignation, François De Tavernier (day-to-day manager)
  • Director resignation, Jérôme De Block (day-to-day manager)
  • Director resignation, Arie De Sauter (day-to-day manager)
  • Director resignation, Dirk Van Laere (day-to-day manager)
  • Director resignation, Christophe Vanneste (day-to-day manager)
  • +52 further facts in this act
2012
05-07
State Gazette act Appointment: Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren (B001) (statutory auditor)
Permanent representative: Filip De Bock3 facts ▸
  • General meeting, 14/05/2012
  • Auditor appointment, Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren (B001) (statutory auditor)
  • Permanent representative, Filip De Bock
21-05
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 13/03/2012
  • Power of attorney, Christine Van Acker
2011
24-06
State Gazette act Purpose · Statutes amendment
Purpose change3 facts ▸
  • General meeting, 07/06/2011
  • Purpose change, Het verlenen en leveren van diensten en adviezen, hetzij als makelaar, agent of raadgever, aan eigenaars, reders, beheerders of uitbaters van zeeschepen (waaron…
  • Statutes amendment
08-03
State Gazette act Appointments: Marc Nuytemans, Bert De Keyser and 5 others
Power of attorney24 facts ▸
  • Board meeting, 03/02/2011
  • Director appointment, Marc Nuytemans (lid directiecomité / chief executive officer)
  • Director appointment, Bert De Keyser (lid directiecomité / corporate coordination officer)
  • Director appointment, Claude Maerten (lid directiecomité / director lng)
  • Director appointment, Boudewijn Baert (lid directiecomité / director marine)
  • Director appointment, Wim De Deken (lid directiecomité / director exmar offshore services)
  • Director appointment, Marc Robert (lid directiecomité / director lpg)
  • Director appointment, Kristel Mertens (lid directiecomité / director finance & administration)
  • Power of attorney, Walter Van De Werf
  • Power of attorney, Wim De Jongh
  • Power of attorney, Bert Geeraerts
  • Power of attorney, Marius Strimbeanu
  • +12 further facts in this act
2010
04-01
State Gazette act Appointments: Marc Nuytemans, René Jungbluth and 5 others
Power of attorney19 facts ▸
  • Board meeting, 12/11/2009
  • Director appointment, Marc Nuytemans (chief executive officer)
  • Director appointment, René Jungbluth (technical director)
  • Director appointment, Claude Maerten (director crewing operations)
  • Director appointment, Boudewijn Baert (marine director)
  • Director appointment, Wim De Deken (director offshore operations)
  • Director appointment, Willem Dekeyser (finance director)
  • Director appointment, Christophe Vanneste (ict director)
  • Power of attorney, Walter Van De Werf
  • Power of attorney, Wim De Jongh
  • Power of attorney, Bert Geeraerts
  • Power of attorney, Dirk Van Laere
  • +7 further facts in this act
2009
09-02
State Gazette act Appointments: Marc Nuytemans, René Jungbluth and 4 others
Resignation: Peter Verstuyft (managing director) · Power of attorney19 facts ▸
  • Board meeting, 16/12/2008
  • Director appointment, Marc Nuytemans (managing director)
  • Director resignation, Peter Verstuyft (managing director)
  • Director appointment, René Jungbluth (technical director)
  • Director appointment, Dirk Van Laere (deputy technical director)
  • Director appointment, Claude Maerten (director crewing operations)
  • Director appointment, Boudewijn Baert (marine director)
  • Director appointment, Willem Dekeyser (finance director)
  • Power of attorney, Patrick Arcay
  • Power of attorney, Walter Van De Werf
  • Power of attorney, Wim De Jongh
  • Power of attorney, Bert Geeraerts
  • +7 further facts in this act
12-01
State Gazette act Resignations: Peter Verstuyft, Boudewijn Baert and 3 others
Appointments: Nicolas Saverys, Marc Nuytemans and 2 others · Mandate compensation14 facts ▸
  • General meeting, 15/12/2008
  • Director resignation, Peter Verstuyft (director)
  • Director resignation, Boudewijn Baert (director)
  • Director resignation, Willem Dekeyser (director)
  • Director resignation, Carl Hansen (director)
  • Director resignation, René Jungbluth (director)
  • Director appointment, Nicolas Saverys (director)
  • Director appointment, Marc Nuytemans (director)
  • Director appointment, Patrick De Brabandere (director)
  • Director appointment, Pierre Dincq (director)
  • Mandate compensation, Nicolas Saverys
  • Mandate compensation, Patrick De Brabandere
  • +2 further facts in this act
2006
04-09
State Gazette act Reappointment: Peter Verstuyft (director)
Appointment: KPMG bedrijfsrevisoren (statutory auditor)3 facts ▸
  • General meeting, 12/05/2006
  • Director reappointment, Peter Verstuyft (director)
  • Auditor appointment, KPMG bedrijfsrevisoren (statutory auditor)
03-07
State Gazette act Capital & shares · Statutes amendment
Name change3 facts ▸
  • General meeting, 16/06/2006
  • Name change, EXMAR SHIPMANAGEMENT
  • Statutes amendment
2004
04-06
State Gazette act Permanent representatives: Serge Cosyns and Helga Platteau
3 facts ▸
  • General meeting, 12 mei 2004
  • Permanent representative, Serge Cosyns
  • Permanent representative, Helga Platteau
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
36 of 36 acts read

Directors · office · real estate

Directors
10 directors, 6 in day-to-day management, no change since 2025

Board 10

Fredenk Van Nuffel
Director · since 10-02-2021
Current
OLEYS
Director · since 15-09-2021 · Legal entity · perm. rep.: Guido Olislagers
Current
Ariane SAVERYS
Director · since 01-03-2025
Current
Francis Mottrie
Director · since 01-03-2025
Current
Hadrien Bown
Director · since 01-03-2025
Current
Morten Pilnov
Director · since 01-03-2025
Current
TOGOMAR BV
Director · since 01-03-2025 · Legal entity
Current
Carl-Antoine Saverys
Director · since 16-06-2025
Current
Show all 10 directors
Jonathan Raes
Director · since 16-06-2025
Current
Nicolas SAVERYS
Director · since 16-06-2025
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Pierre DINCQ
Director · since 15-12-2008
Not recently confirmed
Boudewijn Baert
Lid directiecomité / director marine · since 16-12-2008
Not recently confirmed
Marc Robert
Lid directiecomité / director lpg · since 03-02-2011
Not recently confirmed
Pierre Dinca
Director · since 12-05-2014
Not recently confirmed
Joris Daman
Director · since 09-10-2019
Not recently confirmed

Day-to-day management 6

Joris Daman
Managing director · since 01-08-2019
Current
OLEYS
Managing director · since 09-11-2021 · Legal entity · perm. rep.: Guido Olislagers
Current
TOGOMAR BV
Managing director · since 01-03-2025 · Legal entity
Current
Marc Robert
Lid directiecomité · since 03-02-2011
Current
Adolfo Ibanez
Lid directiecomité · since 10-02-2021
Current
Sarai Romero Campo
Lid directiecomité · since 29-06-2021
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Boudewijn Baert
Lid directiecomité / director marine · since 03-02-2011
Not recently confirmed

Permanent representatives 21

Guido Olislagers
Permanent representative · since 15-09-2021 · for OLEYS
Current
Andrej Supren
Vertegenwoordiger technisch beheer schepen · since 05-12-2022
Current
Ane Lippens
Vertegenwoordiger technisch beheer schepen · since 05-12-2022
Current
Annemie Uytdewilligen
Vertegenwoordiger financieel beheer · since 05-12-2022
Current
Christine Van Acker
Vertegenwoordiger corporate administratie · since 05-12-2022
Current
Christoph Vervecken
Vertegenwoordiger bemanningsbeheer · since 05-12-2022
Current
Christophe Roes
Vertegenwoordiger technisch beheer schepen · since 05-12-2022
Current
Dave Ariën
Vertegenwoordiger aankoop · since 05-12-2022
Current
Show all 21 representatives
David De Roock
Vertegenwoordiger ict · since 05-12-2022
Current
Dmitriy Ivanov
Vertegenwoordiger bemanningsbeheer · since 05-12-2022
Current
Emma Scheiris
Vertegenwoordiger nautisch beheer · since 05-12-2022
Current
Gregory Fossion
Vertegenwoordiger juridische aangelegenheden en betwiste zaken · since 05-12-2022
Current
Joachim Torfs
Vertegenwoordiger bemanningsbeheer · since 05-12-2022
Current
Joni Huybrechts
Vertegenwoordiger technisch beheer schepen · since 05-12-2022
Current
Kimberly Molders
Vertegenwoordiger corporate administratie · since 05-12-2022
Current
Linda Maes
Vertegenwoordiger financieel beheer · since 05-12-2022
Current
Luc Kokke
Vertegenwoordiger financieel beheer · since 05-12-2022
Current
Michel Rehim
Vertegenwoordiger fiscale aangelegenheden · since 05-12-2022
Current
Patrick Arcay
Vertegenwoordiger personeelsbeheer · since 05-12-2022
Current
Serge Lebon
Vertegenwoordiger technisch beheer schepen · since 05-12-2022
Current
Xavier Ex
Vertegenwoordiger exmar yachting · since 05-12-2022
Current

Statutory auditor 1

Deloitte Bedrijfsrevisoren
Auditor · since 14-07-2020 · perm. rep.: Fabio De Clercq
Current

Other functions 38

Ariane SAVERYS
Vertegenwoordigingsbevoegdheid exmar yachting · since 01-07-2017
Current
Andrej Supren
Technisch beheer schepen · since 04-10-2022
Current
Annemie Uytdewilligen
Vertegenwoordigingsbevoegdheid financieel beheer · since 04-10-2022
Current
Arne Lippens
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 04-10-2022
Current
Christine Van Acker
Vertegenwoordigingsbevoegdheid corporate administratie · since 04-10-2022
Current
Christoph Vervecken
Vertegenwoordigingsbevoegdheid bemanningsbeheer · since 04-10-2022
Current
Christophe Roes
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 04-10-2022
Current
Dave Ariën
Aankoop · since 04-10-2022
Current
Show all 38 office holders
David De Roock
Vertegenwoordigingsbevoegdheid ict · since 04-10-2022
Current
Emma Scheiris
Hseq beheer · since 04-10-2022
Current
Gregory Fossion
Vertegenwoordigingsbevoegdheid juridische aangelegenheden · since 04-10-2022
Current
Joachim Torfs
Vertegenwoordigingsbevoegdheid bemanningsbeheer · since 04-10-2022
Current
Joni Huybrechts
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 04-10-2022
Current
Kimberly Molders
Vertegenwoordigingsbevoegdheid corporate administratie · since 04-10-2022
Current
Linda Maes
Vertegenwoordigingsbevoegdheid financieel beheer · since 04-10-2022
Current
Luc Kokke
Vertegenwoordigingsbevoegdheid financieel beheer · since 04-10-2022
Current
Michel Rehim
Vertegenwoordigingsbevoegdheid fiscale aangelegenheden · since 04-10-2022
Current
Patrick Arcay
Personeelsbeheer · since 04-10-2022
Current
Serge Lebon
Technisch beheer schepen · since 04-10-2022
Current
Xavier Ex
Exmar yachting · since 04-10-2022
Current
Adolfo Ibanez
Directeur infrastructuur · since 05-12-2022
Current
Dmitriy Ivanov
Vertegenwoordigingsbevoegdheid bemanningsbeheer · since 05-12-2022
Current
Sarai Romero Campo
Vertegenwoordigingsbevoegdheid exmar yachting · since 05-12-2022
Current
Arre Lippens
Technisch beheer schepen · since 18-04-2023
Current
Christophe
Technisch beheer schepen · since 18-04-2023
Current
Dmitriy Ivanov Roes
Bemanningsbeheer · since 18-04-2023
Current
Emmanuel Aguirre
Nautisch beheer · since 18-04-2023
Current
Adarsh Agarwal
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 13-12-2024
Current
Anthony Schots
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 13-12-2024
Current
Borys Novykov
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 13-12-2024
Current
Elke Stoffelen
Vertegenwoordigingsbevoegdheid bemanningsbeheer · since 13-12-2024
Current
Florence Mottrie
Vertegenwoordigingsbevoegdheid personeesbeheer · since 13-12-2024
Current
Nathalie Vermeire
Vertegenwoordigingsbevoegdheid personeesbeheer · since 13-12-2024
Current
Peter, Hendrik, C., Bormans
Vertegenwoordigingsbevoegdheid hseq beheer · since 13-12-2024
Current
Plamen Dimitrakiev
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 13-12-2024
Current
Sergiy Dabizha
Vertegenwoordigingsbevoegdheid nautisch beheer · since 13-12-2024
Current
Steven Gagelmans
Vertegenwoordigingsbevoegdheid aankoop · since 13-12-2024
Current
Tomislav Bogadi
Vertegenwoordigingsbevoegdheid technisch beheer schepen · since 13-12-2024
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Marc Robert
Directeur shipping · since 03-02-2011
Not recently confirmed
Yuri Vermiers
Directeur bemanning · since 01-10-2017
Not recently confirmed
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
3,310 m²
Building footprint
1,463 m²
Volume, LiDAR
33,042 m³
Parcel 11811L3947/00N000, Flanders · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
57 companies at this address See who is registered here
1 establishment unit
EXMAR SHIPMANAGEMENT
De Gerlachekaai 20, 2000 AntwerpenNACE 7412401
since 19902.050.852.291
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3947/00N000 Flanders 3,310 m² 1 · 1,463 m² 29.4 m · 8 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

108 people since 2000, 74 in office
Show
  • Board
  • Day-to-day management
  • Permanent representative
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Nicolas SAVERYS
  • Director, from 15-12-2008 to date
  • Voorzitter raad van bestuur, from 06-12-2019 ended, last mentioned 07-05-2024
Marc Robert
  • Lid directiecomité / director lpg, from 03-02-2011 not ended, last confirmed 08-03-2011
  • Lid directiecomité / director lpg, from 03-02-2011 to date
  • Directeur lpg, from 03-02-2011 not ended, last confirmed 06-12-2019
Ariane SAVERYS
  • Director, from 01-01-2014 to 01-01-2021
  • Day-to-day manager, from 01-07-2017 ended, last mentioned 18-12-2017
  • Corporate directeur, from 01-07-2017 to date
  • Director, from 01-03-2025 to date
Joris Daman
  • Algemeen directeur, from 01-08-2019 to date
  • Director, from 09-10-2019 not ended, last confirmed 06-12-2019
Jonathan Raes
  • Director, from 09-10-2019 to date
Carl-Antoine Saverys
  • Director, from 01-01-2021 to date
Fredenk Van Nuffel
  • Director, from 10-02-2021 to date
OLEYS
  • Director, from 15-09-2021 to date
  • Managing director, from 09-11-2021 to date
Francis Mottrie
  • Director, from 01-03-2025 to date
Hadrien Bown
  • Director, from 01-03-2025 to date
Morten Pilnov
  • Director, from 01-03-2025 to date
TOGOMAR BV
  • Director, from 01-03-2025 to date
  • Managing director, from 01-03-2025 to date
Adolfo Ibanez
  • Lid directiecomité, from 10-02-2021 to date
  • Directeur infrastructuur, from 05-12-2022 to date
Sarai Romero Campo
  • Lid directiecomité, from 29-06-2021 to date
  • Directeur shipping, from 05-12-2022 to date
Andrej Supren
  • Vertegenwoordiger technisch beheer schepen, from 05-12-2022 to date
Ane Lippens
  • Vertegenwoordiger technisch beheer schepen, from 05-12-2022 to date
Annemie Uytdewilligen
  • Vertegenwoordiger financieel beheer, from 05-12-2022 to date
Christine Van Acker
  • Vertegenwoordiger corporate administratie, from 05-12-2022 to date
Christoph Vervecken
  • Vertegenwoordiger bemanningsbeheer, from 05-12-2022 to date
Christophe Roes
  • Vertegenwoordiger technisch beheer schepen, from 05-12-2022 to date
Dave Ariën
  • Vertegenwoordiger aankoop, from 05-12-2022 to date
David De Roock
  • Vertegenwoordiger ict, from 05-12-2022 to date
Dmitriy Ivanov
  • Vertegenwoordiger bemanningsbeheer, from 05-12-2022 to date
Emma Scheiris
  • Vertegenwoordiger nautisch beheer, from 05-12-2022 to date
Gregory Fossion
  • Vertegenwoordiger juridische aangelegenheden en betwiste zaken, from 05-12-2022 to date
Joachim Torfs
  • Vertegenwoordiger bemanningsbeheer, from 05-12-2022 to date
Joni Huybrechts
  • Vertegenwoordiger technisch beheer schepen, from 05-12-2022 to date
Kimberly Molders
  • Vertegenwoordiger corporate administratie, from 05-12-2022 to date
Linda Maes
  • Vertegenwoordiger financieel beheer, from 05-12-2022 to date
Luc Kokke
  • Vertegenwoordiger financieel beheer, from 05-12-2022 to date
Michel Rehim
  • Vertegenwoordiger fiscale aangelegenheden, from 05-12-2022 to date
Patrick Arcay
  • Vertegenwoordiger personeelsbeheer, from 05-12-2022 to date
Serge Lebon
  • Vertegenwoordiger technisch beheer schepen, from 05-12-2022 to date
Xavier Ex
  • Vertegenwoordiger exmar yachting, from 05-12-2022 to date
Deloitte Bedrijfsrevisoren
  • Auditor, from 14-07-2020 to date
Andrej Supren
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 04-10-2022 to date
Annemie Uytdewilligen
  • Vertegenwoordigingsbevoegdheid financieel beheer, from 04-10-2022 to date
Arne Lippens
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 04-10-2022 to date
Christine Van Acker
  • Vertegenwoordigingsbevoegdheid corporate administratie, from 04-10-2022 to date
Christoph Vervecken
  • Vertegenwoordigingsbevoegdheid bemanningsbeheer, from 04-10-2022 to date
Christophe Roes
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 04-10-2022 to date
Dave Ariën
  • Vertegenwoordigingsbevoegdheid aankoop, from 04-10-2022 to date
David De Roock
  • Vertegenwoordigingsbevoegdheid ict, from 04-10-2022 to date
Emma Scheiris
  • Vertegenwoordigingsbevoegdheid nautisch beheer, from 04-10-2022 to date
Gregory Fossion
  • Vertegenwoordigingsbevoegdheid juridische aangelegenheden en betwiste zaken, from 04-10-2022 to date
Joachim Torfs
  • Vertegenwoordigingsbevoegdheid bemanningsbeheer, from 04-10-2022 to date
Joni Huybrechts
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 04-10-2022 to date
Kimberly Molders
  • Vertegenwoordigingsbevoegdheid corporate administratie, from 04-10-2022 to date
Linda Maes
  • Vertegenwoordigingsbevoegdheid financieel beheer, from 04-10-2022 to date
Luc Kokke
  • Vertegenwoordigingsbevoegdheid financieel beheer, from 04-10-2022 to date
Michel Rehim
  • Vertegenwoordigingsbevoegdheid fiscale aangelegenheden, from 04-10-2022 to date
Patrick Arcay
  • Vertegenwoordigingsbevoegdheid personeelsbeheer, from 04-10-2022 to date
Serge Lebon
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 04-10-2022 to date
Xavier Ex
  • Vertegenwoordigingsbevoegdheid exmar yachting, from 04-10-2022 to date
Dmitriy Ivanov
  • Afdeling bemanningsbeheer, from 05-12-2022 to date
Arre Lippens
  • Technisch beheer schepen, from 18-04-2023 to date
Christophe
  • Technisch beheer schepen, from 18-04-2023 to date
Dmitriy Ivanov Roes
  • Bemanningsbeheer, from 18-04-2023 to date
Emmanuel Aguirre
  • Nautisch beheer, from 18-04-2023 to date
Adarsh Agarwal
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 13-12-2024 to date
Anthony Schots
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 13-12-2024 to date
Borys Novykov
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 13-12-2024 to date
Elke Stoffelen
  • Vertegenwoordigingsbevoegdheid bemanningsbeheer, from 13-12-2024 to date
Florence Mottrie
  • Vertegenwoordigingsbevoegdheid personeesbeheer, from 13-12-2024 to date
Nathalie Vermeire
  • Vertegenwoordigingsbevoegdheid personeesbeheer, from 13-12-2024 to date
Peter, Hendrik, C., Bormans
  • Vertegenwoordigingsbevoegdheid hseq beheer, from 13-12-2024 to date
Plamen Dimitrakiev
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 13-12-2024 to date
Sergiy Dabizha
  • Vertegenwoordigingsbevoegdheid nautisch beheer, from 13-12-2024 to date
Steven Gagelmans
  • Vertegenwoordigingsbevoegdheid aankoop, from 13-12-2024 to date
Tomislav Bogadi
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 13-12-2024 to date
Boudewijn Baert
  • Director, until 15-12-2008
  • Marine director, from 16-12-2008 not ended, last confirmed 08-03-2011
  • Lid directiecomité / director marine, from 03-02-2011 not ended, last confirmed 08-03-2011
Pierre DINCQ
  • Director, from 15-12-2008 not ended, last confirmed 02-07-2019
Pierre Dinca
  • Director, already before 12-05-2014 not ended, last confirmed 04-09-2014
Yuri Vermiers
  • Directeur bemanning, from 01-10-2017 not ended, last confirmed 18-12-2017
Frederik Van Nuffel
  • Director, from 09-10-2019 to 01-03-2025
Guido Olislagers
  • Director, from 15-06-2021 ended, last mentioned 20-07-2021
  • Managing director, from 29-06-2021 to 01-03-2025
Jens Ismar
  • Director, from 09-10-2019 to 01-03-2025
Oleys BV
  • Lid directiecomité, from 04-10-2022 ended, last mentioned 04-10-2022
  • Director, until 01-03-2025
Sachin Mohan
  • Vertegenwoordigingsbevoegdheid technisch beheer schepen, from 04-10-2022 to 18-04-2023
Sachin Mohan
  • Vertegenwoordiger technisch beheer schepen, from 05-12-2022 ended, last mentioned 06-02-2023
Claude Maerten
  • Directeur lng, from 22-03-2004 ended, last mentioned 06-12-2019
  • Director crewing operations, from 16-12-2008 ended, last mentioned 08-03-2011
  • Lid directiecomité / director lng, from 03-02-2011 to 22-12-2022
  • Lid directiecomité, until 22-12-2022
Joris Damarı
  • Director, until 25-05-2021
Gregory Claes
  • Day-to-day manager, from 01-04-2017 to 10-02-2021
  • Directeur offshore, from 01-04-2017 ended, last mentioned 06-12-2019
Sven Smeulders
  • Financieel directeur, from 01-01-2017 ended, last mentioned 06-12-2019
  • Lid directiecomité, until 10-02-2021
Yuri Verniers
  • Day-to-day manager, from 01-10-2017 to 10-02-2021
  • Directeur bemanning, from 01-10-2017 ended, last mentioned 06-12-2019
Deloitte Belgium
  • Statutory auditor, from 22-09-2017 to 14-07-2020
Marc Nuytemans
  • Director, from 15-12-2008 to 09-10-2019
  • Managing director, from 16-12-2008 to 09-10-2019
Patrick De Brabandere
  • Director, from 15-12-2008 to 09-10-2019
Pierre Dincа
  • Director, until 09-10-2019
Niels Vanlaer
  • Nautisch directeur, from 13-03-2012 ended, last mentioned 18-12-2017
  • Lid directiecomité, until 04-09-2017
Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren (B001)
  • Statutory auditor, from 05-07-2012 to 22-09-2017
Kristel Mertens
  • Lid directiecomité / director finance & administration, from 03-02-2011 ended, last mentioned 08-03-2011
  • Lid directiecomité / director finance & administration, from 03-02-2011 to 01-01-2017
  • Lid directiecomité / director finance & administration, from 03-02-2011 ended, last mentioned 10-08-2016
Wim De Deken
  • Director offshore operations, from 12-11-2009 ended, last mentioned 08-03-2011
  • Lid directiecomité / director exmar offshore services, from 03-02-2011 to 01-01-2017
  • Directeur exmar offshore services sa, from 03-02-2011 ended, last mentioned 10-08-2016
Filip Herremans
  • Algemeen directeur (functietitel general manager), from 28-06-2013 to 21-11-2014
Bert De Keyser
  • Lid directiecomité / corporate coordination officer, from 03-02-2011 to 28-06-2013
  • Lid directiecomité / corporate coordination officer, from 03-02-2011 ended, last mentioned 25-06-2013
KPMG Bedrijfsrevisoren Burg. CVBA
  • Statutory auditor, from 04-09-2006 to 05-07-2012
Boudwijn Baert
  • Day-to-day manager, until 13-03-2012
Christophe Vanneste
  • Ict director, from 12-11-2009 ended, last mentioned 04-01-2010
  • Day-to-day manager, until 03-02-2011
Dirk Van Laere
  • Deputy technical director, from 16-12-2008 ended, last mentioned 09-02-2009
  • Day-to-day manager, until 03-02-2011
René Jungbluth
  • Director, until 15-12-2008
  • Technical director, from 16-12-2008 ended, last mentioned 04-01-2010
  • Day-to-day manager, until 03-02-2011
Willem Dekeyser
  • Director, until 15-12-2008
  • Finance director, from 16-12-2008 ended, last mentioned 04-01-2010
  • Day-to-day manager, until 03-02-2011
Jérôme De Block
  • Day-to-day manager, until 16-12-2008
Peter Verstuyft
  • Director, already before 04-09-2006 to 15-12-2008
  • Managing director, until 16-12-2008
  • Day-to-day manager, until 16-12-2008
Carl Hansen
  • Director, until 15-12-2008
François De Tavernier
  • Day-to-day manager, until 22-03-2004
Jan De Brabandere
  • Day-to-day manager, until 16-03-2002
Arie De Sauter
  • Day-to-day manager, until 21-02-2001
Willy D'Hoore
  • Day-to-day manager, until 06-04-2000
See the board, name and seat on a given date →

Articles of association

Who signs
“Elk lid van het directiecomité kan de vennootschap binnen de perken van het dagelijks bestuur vertegenwoordigen samen met de gedelegeerd bestuurder of een lid van de Raad van Bestuur.”
Purpose
Het verlenen en leveren van diensten en adviezen, hetzij als makelaar, agent of raadgever, aan eigenaars, reders, beheerders of uitbaters van maritieme en offshore installaties…
Full purpose

Het verlenen en leveren van diensten en adviezen, hetzij als makelaar, agent of raadgever, aan eigenaars, reders, beheerders of uitbaters van maritieme en offshore installaties, haveninstallaties en transportmiddelen waaronder zeeschepen, ongeacht hun nationaliteit; zo zal de vennootschap ondermeer bijstand en advies kunnen verlenen op technisch en administratief gebied, in het bijzonder doch niet beperkt tot alle aangelegenheden, die verband houden met bestelling, aankoop, verkoop, verzekering, onderhoud, herstelling, bemanning en uitrusting van de installaties en transportmiddelen en de naleving van de terzake toepasselijke wetten, reglementen en voorschriften. De vennootschap heeft tevens tot voorwerp alle rederij activiteiten uit te voeren. Zij kan alle hoegenaamde handels-, nijverheids-, financiële, roerende en onroerende verrichtingen uitvoeren, die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die van aard zijn dit te begunstigen.

Structure & network

Part of the group SAVEREX 20 companies Group, risk and exposure

Owners and holdings

1 owner · 6 holdings

Chain of control

  1. SAVEREX 84.14%
  2. EXMAR 100%
  3. EXMAR SHIPMANAGEMENT

Highest known parent: SAVEREX. The sources do not say who stands above it.

Owners 1

Holdings 6

  • Ahlmar Germany GMBHDEsubsidiary
    Equity -€21,068Result -€22,125
    100%+ 0% via subsidiaries
  • Exmar Shipmanagement India Private LimitedINsubsidiary
    Equity INR 62.1mResult INR 12.0m
    100%+ 0% via subsidiaries
  • Exmar Singapore PTE LtdSGsubsidiary
    Equity SGD 3.0mResult SGD 53,968
    100%+ 0% via subsidiaries
  • EXMAR YACHTINGsubsidiary
    Equity €57,827Result €6,788
    100%+ 0% via subsidiaries
  • Exmar Shipmanagement Luxembourg S.A.LUsubsidiary
    Equity €1.1mResult €769,968
    99.99%+ 0% via subsidiaries
  • Ecos S.R.L.ITsubsidiary
    Equity €285,915Result €78,778
    60%+ 0% via subsidiaries

According to the 2021 annual accounts of EXMAR SHIPMANAGEMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

40 connected companies
Linked via shared directors
Show 36 more companies with a shared director
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Fedustria
via Francis Mottrie · Director
former→
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MCA Facilities
via Nicolas SAVERYS · Managing director and director
former→
former→
former→
ACERTA
Shared director
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ACERTA Consult
Shared director
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ANTWERP HARBOUR HOTEL
Shared director
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BRABO CLEANING COMPANY
Shared director
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CMB.TECH
Shared director
→
Debemar
Shared director
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ETION Synergia
Shared director
→
Kunnig
Shared director
→
Kunnig Operations
Shared director
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Port+
Shared director
→
RSA
Shared director
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Sense Operations
Shared director
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VERBICO
Shared director
→
WANDELAAR INVEST
Shared director
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Capital and shareholders

Capital over the years
  1. 07-01-2021 Capital stated in the act · 62,000 EUR

Recognitions · licences · registrations

Legal Entity Identifier

6994009LNBVT7WHZCB20
live in the LEI register

Similar companies · same sector, comparable size

Of 3,185 companies in this sector we hold annual accounts for 1,963. 588 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded11-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
50200Water transport
52250Logistics services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0442176676
Also 9925:BE0442176676
Registered 02-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.