VAKANTIEFONDS VAN DE BELGISCHE ZEEHAVENS
ActiveVAKANTIEFONDS VAN DE BELGISCHE ZEEHAVENS has been active since 1937 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.30M and a net result of €616k. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-5
Solvency26▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.22 in 2024), and 83.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 84
Relative position
BE, all sectors
reference
Sector 84
lower
← 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.2%
Return on assets
1.9%
Age of the figures
8 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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
77 d early
2023
79 d early
2022
83 d early
2021
88 d early
2020
82 d early
2019
57 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.30M▲ 13.2%
2024 · €4.68M
2018: €154k
2019: €-284k
2020: €-718k
2021: €344k
2022: €4.01M
2023: €4.09M
2024: €4.68M
2018 → 2025
Total assets
€32.62M▲ 14.5%
2024 · €28.49M
2018: €25.60M
2019: €26.10M
2020: €21.03M
2021: €21.98M
2022: €33.63M
2023: €32.72M
2024: €28.49M
2018 → 2025
Net result
€616k▲ 5.1%
2024 · €586k
2018: €154k
2019: €-438k
2020: €-434k
2021: €1.06M
2022: €3.67M
2023: €79k
2024: €586k
2018 → 2025
Working capital
€5.49M▲ 5.9%
2024 · €5.19M
2018: €154k
2019: €-32k
2020: €-140k
2021: €350k
2022: €4.02M
2023: €5.40M
2024: €5.19M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€344k-€4.01M▲ 1,067%€4.09M▲ 2.0%€4.68M▲ 14.3%€5.30M▲ 13.2%
Operating result€323k-€259k▼ 19.7%€326k▲ 25.8%€197k▼ 39.7%€226k▲ 15.1%
Net result€1.06M-€3.67M▲ 246%€79k▼ 97.9%€586k▲ 646%€616k▲ 5.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €32.62M
Equity
€5.30M▲ 13.2%
Debt
€27.33M▲ 14.8%
The debt ratio rises from 83.6% to 83.8%: debt grows faster than equity.
Key figures and ratios
Solvency
16.2%▼
2024 · 16.4%
Current ratio
1.20▼
2024 · 1.22
Quick ratio
1.20▼
2024 · 1.22
Debt / equity
5.16▲
2024 · 5.09
ROE
11.6%▼
2024 · 12.5%
ROA
1.9%▼
2024 · 2.1%
Debt
€27.33M▲
2024 · €23.81M
Debt ≤ 1 year
€27.13M▲
2024 · €23.30M
Staff costs
€243k▲
2024 · €217k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€28.49M€32.62M▲
Current assets29/58€28.49M€32.62M▲
Amounts receivable within one year40/41€60k€60k▲
Other amounts receivable41€60k€60k▲
Current investments50/53€27.10M€31.50M▲
Cash at bank and in hand54/58€658k€317k▼
Deferred charges and accrued income490/1€672k€744k▲
Equity and liabilities
Total equity and liabilities10/49€28.49M€32.62M▲
Equity10/15€4.68M€5.30M▲
Reserves13€868k€928k▲
Profit (loss) carried forward14€3.81M€4.37M▲
Amounts payable17/49€23.81M€27.33M▲
Amounts payable within one year42/48€23.30M€27.13M▲
Trade debts44€122k€27k▼
Suppliers440/4€122k€27k▼
Taxes, remuneration and social security45€21k€43k▲
Taxes450/3€2k€11k▲
Remuneration and social security454/9€19k€32k▲
Accrued charges and deferred income492/3€507k€194k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€175k-
Remuneration, social security and pensions62€217k€243k▲
Gross operating margin9900€413k€470k▲
Operating profit (loss)9901€197k€226k▲
Financial income75/76B€901k€574k▼
Recurring financial income75€901k€574k▼
Financial charges65/66B€512k€184k▼
Recurring financial charges65€512k€184k▼
Profit (loss) for the period before taxes9903€586k€616k▲
Profit (loss) for the period9904€586k€616k▲
Profit (loss) for the period to be appropriated9905€586k€616k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.86M€4.43M▲
Profit (loss) brought forward from the previous period14P€3.28M€3.81M▲
To contributions691€50k€60k▲
Social balance
Average headcount (FTE)90872.72.8▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €5MEq €5.30M ▲13.2%
5 profitable years in a row build equity to €5.30M.
26-09
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Director appointment3 facts ▸
- Board meeting, 2025-07-16
- Director resignation, Paul Valkeniers (gedelegeerd bestuurder)
- Director appointment, Yann Pauwels (gedelegeerd bestuurder)
08-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment8 facts ▸
- General meeting, 2025-04-29
- Director resignation, CARLA DEBART (bestuurder)
- Director resignation, PETER HEYDE (bestuurder)
- Director reappointment, CARLA DEBART (bestuurder)
- Director reappointment, PETER HEYDE (bestuurder)
- Director appointment, DRIES ELSEN (bestuurder)
- Director resignation, PAUL VALKENIERS (bestuurder)
- Auditor reappointment, commissaris, 3 years
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 2024-05-03
- Director resignation, DIDIER LOBELLE (bestuurder)
- Director resignation, PAUL VALKENIERS (bestuurder)
- Director appointment, IVAN DE MAERE (bestuurder)
- Director reappointment, PAUL VALKENIERS (bestuurder)
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-08
State Gazette act
Statutes amendmentGeneral meeting · Statutes amendment · Corporate purpose9 facts ▸
State Gazette act
Statutes amendment
General meeting · Statutes amendment · Corporate purpose9 facts ▸
- General meeting, 2023-05-22
- Statutes amendment
- Corporate purpose, De vereniging heeft als belangeloos doel ten behoeve van haar leden de wetgeving betreffende jaarlijkse vakantie voor werknemers toe te passen. Zij zal alle geg…
- Member admission, Centrale der werkgevers aan de haven van Antwerpen cv
- Member admission, Centrale der werkgevers aan de haven van Zeebrugge vzw
- Member admission, Centrale Betaalkassen der Cepg vzw
- Member admission, Centrale des employeurs des ports de Bruxelles et de Vilvoorde cv
- Director appointment, Paul Valkeniers
- Director appointment, Didier Lobelle
31-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment3 facts ▸
- General meeting, 2023-05-02
- Director resignation, GUY VANKRUNKELSVEN (bestuurder)
- Director appointment, YANN PAUWELS (bestuurder)
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €3.67M ▲246%
Net result €3.67M, the highest in the series.
31-12
Financial
Equity above €2MEq €4.01M ▲1067%
2 profitable years in a row build equity to €4.01M.
02-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
- General meeting, 2022-05-03
- Director resignation, GUY BENEDICTUS (bestuurder)
- Director resignation, PETER HEYDE (bestuurder)
- Director appointment, CARLA DEBART (bestuurder)
- Director reappointment, PETER HEYDE (bestuurder)
- Auditor reappointment, commissaris, 3 years
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.06M
Net result €1.06M after 2 loss-making years.
31-12
Financial
Equity above €200kEq €344k
Equity rises from €-718k to €344k.
25-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment5 facts ▸
- General meeting, 2021-05-04
- Director resignation, PAUL VALKENIERS (bestuurder)
- Director resignation, DIDIER LOBELLE (bestuurder)
- Director reappointment, PAUL VALKENIERS (bestuurder)
- Director reappointment, DIDIER LOBELLE (bestuurder)
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment4 facts ▸
- General meeting, 2020-06-03
- Director resignation, Guy Vankrunkelsven (bestuurder)
- Director reappointment, Guy Vankrunkelsven (bestuurder)
- Permanent representative, Koen de Nijs
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-438k ▼384%
Net result drops to €-438k, the lowest in the series; recovery starts the following year.
14-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment6 facts ▸
- General meeting
- Director resignation, GUY BENEDICTUS (bestuurder)
- Director resignation, PETER HEYDE (bestuurder)
- Director reappointment, GUY BENEDICTUS (bestuurder)
- Director reappointment, PETER HEYDE (bestuurder)
- Auditor reappointment, commissaris, 3 years
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment5 facts ▸
- General meeting, 2018-04-25
- Director resignation, Paul Valkeniers (bestuurder)
- Director resignation, Didier Lobelle (bestuurder)
- Director reappointment, Paul Valkeniers (bestuurder)
- Director reappointment, Didier Lobelle (bestuurder)
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
11-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment5 facts ▸
- General meeting, 2017-04-26
- Director resignation, Guy Vankrunkelsven (bestuurder)
- Director reappointment, Guy Vankrunkelsven (bestuurder)
- Board composition, bestuurder
- Board composition, bestuurder
2016
11-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment8 facts ▸
- General meeting, 2016-04-27
- Director resignation, Guy Benedictus (bestuurder)
- Director resignation, Peter Heyde (bestuurder)
- Director reappointment, Guy Benedictus (bestuurder)
- Director reappointment, Peter Heyde (bestuurder)
- Auditor reappointment, commissaris, 3 years
- Board composition, bestuurder
- Board composition, bestuurder
2015
31-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment8 facts ▸
- General meeting, 2014-04-23
- Director resignation, Guy Vankrunkelsven (bestuurder)
- Director reappointment, Guy Vankrunkelsven (bestuurder)
- General meeting, 2015-04-29
- Director resignation, Paul Valkeniers (bestuurder)
- Director resignation, Didier Lobelle (bestuurder)
- Director reappointment, Paul Valkeniers (bestuurder)
- Director reappointment, Didier Lobelle (bestuurder)
13-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment3 facts ▸
- General meeting, 2014-04-23
- Director resignation, Marc De Windt (bestuurder)
- Director appointment, Peter Heyde (bestuurder)
2013
10-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment6 facts ▸
- General meeting, 2013-04-24
- Director reappointment, Guy Benedictus (bestuurder)
- Director reappointment, Marc De Windt (bestuurder)
- Director appointment, Didier Lobelle (bestuurder)
- Director resignation, René De Brouwer (bestuurder)
- Auditor reappointment, commissaris, 3 years
2012
16-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment4 facts ▸
- General meeting, 2012-04-25
- Director reappointment, Paul Valkeniers (bestuurder)
- Director appointment, René De Brouwer (bestuurder)
- Director resignation, Eric Noterman (bestuurder)
2011
24-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Board composition4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Board composition4 facts ▸
- General meeting, 2011-04-27
- Director reappointment, Guy Vankrunkelsven (bestuurder)
- Board composition, bestuurder, 2011-04-27
- Board composition, bestuurder, 2011-04-27
2010
26-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Auditor reappointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Auditor reappointment4 facts ▸
- General meeting, 2009-04-28
- Director reappointment, Guy Benedictus (bestuurder)
- Director reappointment, Marc De Windt (bestuurder)
- Auditor reappointment, commissaris, 3 years
2007
29-01
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointmentsGeneral meeting · Statutes amendment · Director resignation8 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Director resignation8 facts ▸
- General meeting, 2006-11-16
- General meeting, 2007-01-11
- Statutes amendment
- Director resignation, RIK JOZEF VALÈRE GEERARDYN (bestuurder)
- Director resignation, MARC JOSEPH BERTHA MARIA DE WITTE (bestuurder)
- Director appointment, GUY BENEDICTUS (bestuurder)
- Director appointment, MARC DE WINDT (bestuurder)
- Name change, Vakantiefonds van de Belgische zeehavens
2005
02-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment7 facts ▸
- General meeting, 2005-04-20
- Director reappointment, GUY KAREL ALBERT VANKRUNKELSVEN (bestuurder)
- Director reappointment, MARC JOSEPH BERTHA MARIA DE WITTE (bestuurder)
- Director appointment, PAUL LUCIEN PHILIPPE VALKENIERS (bestuurder)
- Director resignation, MARINO JOZEF VERMEERSCH (bestuurder)
- Director resignation, FRANCISCUS COENRARDUS VAN HAM (bestuurder)
- Director appointment, ERIC ARTHUR YVONNE NOTERMAN (bestuurder)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 directors, no change since 2025
DRIES ELSEN
CurrentDirector · since 29-04-2025
Ivan De Maere
CurrentDirector · since 03-05-2024
YANN PAUWELS
CurrentManaging director · since 02-05-2023
Carla Debart
CurrentDirector · since 03-05-2022
PETER HEYDE
CurrentDirector · since 23-04-2014
ERIC ARTHUR YVONNE NOTERMAN
Not recently confirmedDirector · since 20-04-2005
+ 2 not shown in this overview
17-09-2025
YANN PAUWELS: Appointed as Managing director
17-09-2025
Paul Valkeniers: Resigned as Managing director
29-04-2025
DRIES ELSEN: Appointed as Director
29-04-2025
Carla Debart: Resigned as Director
29-04-2025
PETER HEYDE: Resigned as Director
29-04-2025
Paul Valkeniers: Resigned as Director
03-05-2024
Ivan De Maere: Appointed as Director
03-05-2024
Paul Valkeniers: Resigned as Director
03-05-2024
Paul Valkeniers: Mandate renewed as Director
03-05-2024
Didier Lobelle: Resigned as Director
22-05-2023
Paul Valkeniers: Appointed
22-05-2023
Didier Lobelle: Appointed
02-05-2023
YANN PAUWELS: Appointed as Director
02-05-2023
Guy VANKRUNKELSVEN: Resigned as Director
03-05-2022
Carla Debart: Appointed as Director
03-05-2022
PETER HEYDE: Mandate renewed as Director
03-05-2022
PETER HEYDE: Resigned as Director
03-05-2022
Guy Benedictus: Resigned as Director
04-05-2021
Paul Valkeniers: Resigned as Director
04-05-2021
Didier Lobelle: Resigned as Director
03-06-2020
Guy VANKRUNKELSVEN: Mandate renewed as Director
03-06-2020
Guy VANKRUNKELSVEN: Resigned as Director
05-08-2019
PETER HEYDE: Resigned as Director
05-08-2019
Guy Benedictus: Resigned as Director
+ 26 not shown in this overview
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brouwersvliet 332000 AntwerpenGround area
2,438 m²
Building footprint
2,046 m²
Volume, LiDAR
44,830 m³
Parcel 11002A0126/00G000, Flanders · tallest building 42.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
VAKANTIEFONDS VAN DE BELGISCHE ZEEHAVENS
since 20162.254.250.603
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0126/00G000 | Flanders | 2,438 m² | 1 · 2,046 m² | 42.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
3 auditors| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor | 29-04-2025 → present |
Show 2 earlier auditors
| BCV Ernst & Young Bedrijfsrevisoren Statutory auditor succeeded by EY Bedrijfsrevisoren BV in 2022 | 28-04-2009 → 03-05-2022 |
| EY Bedrijfsrevisoren BV Statutory auditor succeeded by Ernst et Young Reviseurs d'Entreprises in 2025 | 03-05-2022 → 29-04-2025 |
Structure & network
Connections & network
25 connected companiesLinked via shared directors
viaCarla Debart · Director (executive)
→
viaIvan De Maere · Director
former→
viaCarla Debart · Director
former→
viaCarla Debart · Managing director
former→
Show 4 more companies with a shared director
viaIvan De Maere · Director
former→
viaIvan De Maere · Director
former→
viaIvan De Maere · Director
former→
viaIvan De Maere · Director
former→
Network connections
Shared director
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Show 13 more network connections
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Of 102 companies in sector 84309 we hold annual accounts for 41. 27 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded06-03-1937
Fiscal year end31-12
Activities, NACEBEL
84309Public administration and defence; compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.