01

Interview

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Even if all our expectations have not been met in 2021, our results nevertheless clearly show that our contracting activities are recovering, while our parallel activities like real estate and concessions, are enhancing positively our revenues.

Johan Beerlandt

Executive Chairman

2021 has been a year of recovery. In this tumultuous year, we have supported the economic recovery in the regions where we are present, by participating in major projects, winning new contracts and delivering iconic projects. We close the year with a record order book of quality projects, cementing our path back to normalized performance.

Pierre Sironval

Deputy CEO

02

Milestones 2021

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  • January 2021

    Lantis, as client for the Oosterweel Link (Antwerp, Belgium), awards the contract for the construction of the Right Bank sub-project to the ‘ROCO’ joint venture, of which BESIX is part.

    See all January milestones
  • February 2021

    For the second year in a row, BESIX Group is certified Belgian Top Employer by the Top Employers Institute.

    See all February milestones
  • March 2021

    The Kõtui team, with BESIX Watpac as the lead contractor, is selected to design the new Te Kaha Stadium for Christchurch City Council in New Zealand. The 25,000- seat indoor stadium will host major sporting competitions, international concerts, and smaller local shows and events.

    See all March milestones
  • April 2021

    BESIX Group delivers the French Pavilion for the Dubai World Expo (UAE). The building is an example of respect for the principles of bioclimatic architecture, which is reflected in the choice of materials and a global circular approach.

    See all April milestones
  • May 2021

    BESIX RED launches the commercialisation of the first phase of DUUO, its first ever residential development in Portugal, after successfully obtaining the architectural permit.

    See all May milestones
  • June 2021

    BESIX and its partners achieve the financial close of the Dubai Waste-to-Energy project, a 1.2 billion dollar public-private partnership. BESIX is involved in the design, financing, construction, and 35-year operations and maintenance of the project, which includes one of the world’s largest waste-to-energy plants.

    See all June milestones
  • July 2021

    ‘Connect Brisbane’, led by BESIX Watpac, is selected to design and build the Kangaroo Point Green Bridge. The contract includes a 460-metre-long cable-stayed pedestrian bridge, one of the longest of its kind in the world.

    See all July milestones
  • August 2021

    BESIX and Orascom Construction successfully transport the King Khufu Solar Boat from the archaeological site of the Giza pyramids to the Grand Egyptian Museum complex. Inherited from ancient Egypt, the King Khufu Solar Boat is considered to be the oldest intact ship in the world.

    See all August milestones
  • September 2021

    BESIX delivers the Quatuor project to its client Befimmo, an exceptional development of four towers totalling 60,000 m2 in the heart of Brussels (Belgium).

    See all September milestones
  • October 2021

    In partnership with Trojan, Six Construct is awarded the contract for the construction of the Guggenheim Museum in Abu Dhabi (UAE). Designed by Frank Gehry, the museum will be the largest of the four Guggenheim museums in the world.

    See all October milestones
  • November 2021

    The Theemswegtracé, a 4-kilometre-long railway viaduct built by BESIX in the port of Rotterdam in the Netherlands, is completed after three years of work.

    See all November milestones
  • December 2021

    A key milestone is reached in Nachtigal (Cameroon) with the opening of a cofferdam to allow the minimum ecological flow of the Sanaga River to be diverted through the already constructed part of the dam. This new step allows construction of the rest of the dam to begin.

    See all December milestones
  • Jan
  • Feb
  • Mar
  • Apr
  • May
  • Jun
  • Jul
  • Aug
  • Sep
  • Oct
  • Nov
  • Dec

03

Creating value

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  • BESIX Engineering

    BESIX Engineering is the in-house design office of BESIX and as such works exclusively for the group. Over the years, with the active contribution of BESIX engineers, BESIX has carried out first-class port terminals, cutting edge civil engineering works, and the most demanding buildings. Read more

  • Innovation

    Innovation is an integral part of the BESIX Group corporate culture. The adoption of new technologies and techniques, often at the forefront of the construction sector, has actively contributed to making BESIX group a leader in its markets. Read more

  • People

    If 2020 was the year in which agility and resilience were in the forefront of the conversation in the People departments of BESIX around the world, 2021 was the year of restoring balance with informed strategies, while dealing with the aftermath of the global pandemic. Read more

  • Fair Labour Standards

    Together with unions, local authorities and international organisations, BESIX Group has set a precedent in respecting and promoting fair labour practices in the Middle East, a commitment that is now widely acknowledged by foreign states, international institutions, and nongovernmental organisations. Read more

04

Key projects

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  • All
  • Buildings
  • Infrastructure
  • Marine works
  • Industry
  • Concessions & Assets
  • Real Estate
  • Expo 2020 (UAE)

    The Great Exhibition held in the Crystal Palace in Hyde Park, London in 1851 is widely onsidered as the first official world expo in history. 170 years later, Dubai hosts the EXPO2020 themed ‘Connecting minds, creating the future’. The pavilions are centered around three main focal points: sustainability, mobility and opportunity. For BESIX group, this particular World Expo was the ideal moment to shine as royal purveyor, not only to Its home country Belgium, but also France and the United Arab Emirates. Read the full story

  • Lusail Towers (QAT)

    The Lusail Towers development is located approximately 15 kilometers north of Doha, along the east coast of Qatar. The project is a part of the larger Lusail City development which involves transforming and developing the area north of Doha into a residential and commercial district. Designed by Foster + Partners, this already emblematic district is known for its two 70-storey and two 50-story high towers, arranged symmetrically around a central plaza. Read the full story

  • Dubai Royal Atlantis Hotel & Residences (UAE)

    The completion of the much-awaited highly specialised Surgical, Treatment and Rehabilitation Service (STARS) building in a new health precinct in Brisbane, Australia, cements BESIX Watpac’s expertise in building modern health facilities. Read the full story

  • Khufu Solar Boat (EGY)

    In the second half of 2021, the BESIX-Orascom Construction joint venture started the progressive delivery of different areas of the Grand Egyptian Museum complex. The museum will offer visitors an unprecedented collection of Egyptian artefacts, including the 5,300 objects from the tomb of the young pharaoh Tutankhamen, most of which remain unknown to the public. Read the full story

  • Quatuor (BEL)

    In 2021, BESIX delivered the Quatuor building to its client Befimmo.The complex consists of four architecturally stunning towers, united by a huge inner garden. Quatuor is designed to be passive and conform to the highest standards of quality, innovation and environmental performance. At the time of its delivery, Quatuor was already pre-let to prestigious tenants such as Beobank, Touring, Silversquare, Kone and Buy Way Personal Finance. We talk to project director Fabian Sinapi about this new Brussels landmark. Read the full story

  • Stationspostgebouw (NED)

    Rehabilitating a 70-year-old landmark and transforming it into an ultramodern office building, that was the task BESIX Nederland and J.P. van Eesteren received late 2019 in The Netherlands. Only 18 months later, they delivered the renovated Stationspostgebouw, a combination of great respect for heritage and new modern elements. Read the full story

  • Jubilee Place (AUS)

    The BESIX Watpac designed, and constructed Jubilee Place is setting a new benchmark for inner-city modern workspaces in Brisbane, Australia, seamlessly combining heritage with innovation, and building excellence. Read the full story

  • Wurun Senior Campus (AUS)

    In 2021 BESIX Watpac team delivered the six storey, Wurun Senior Campus on time for school term 1 2022 and on budget in the growing inner-city suburb of Fitzroy in Melbourne Australia, by using its engineering-led approach and virtual collaboration software. Read the full story

  • Deep Tunnel Storm Water System (UAE)

    Water is the essence of life. It is rare and precious... and untameable. In Dubai, it was not uncommon in the past to see neighbourhoods shut down and all traffic paralysed following sudden violent rainstorms. The municipality of Dubai, which has great ambitions to make Dubai a smarter and more sustainable city, has therefore decided to provide its city with a robust rainwater storage tunnel to manage the consequences of heavy rainfall on its expanding urban development. Read the full story

  • Brussels Regional Express Network (BEL)

    In 1834, Belgium was the first country on the European continent to start developing a steam railway network. The first railway line, inaugurated in 1835, covered the 21 kilometres between Brussels and Mechelen. Since then, the Belgian rail network has grown considerably, with some 3,602 kilometres in service today. Read the full story

  • Theemswegtracé (NED)

    Improving the accessibility of the port of Rotterdam to the European hinterland, that was the aim of the new Theemswegtracé in The Netherlands. Three years of hard work and great teamwork later, capacity has been more than doubled and three months after it was put in use, already 10,000 trains had run over the new railway line. Mission accomplished! Read the full story

  • Nachtigal hydropower plant (CAM)

    For many years, Cameroon’s national electricity supply was notoriously unreliable. Regular power cuts were a part of daily life for many Cameroonians. Since 2010 the country has been heavily investing to remedy this. With an estimated 23,000 mw hydroelectric production capacity, corresponding to the second largest hydroelectric potential in Africa, hydroelectric industry is at the heart of their developments. Read the full story

  • Quay 1,071 (BEL)

    A quay wall of 1,071 m, a diaphragm wall of 35,000 m² and 80,000 m³ of concrete... These are some of the impressive numbers that apply to the new quay wall that BESIX built with its subsidiary Franki Foundations for the port of Zeebrugge. A technical feat, but one that’s right up the companies’ alley. Read the full story

  • Adelaide Airport Terminal Expansion (AUS)

    BESIX Watpac has delivered a slick new airport experience for Adelaide visitors and commenced work on a new exhibition space for one of the most important pieces of Australian pioneering aviation history. Read the full story

  • Warsan Waste-To-Energy Project (UAE)

    In June 2021, BESIX and its partners closed the financing of the Warsan (Dubai) waste-to-energy project, an important milestone, including for the UAE, as it sets a precedent for large PPPs by Dubai municipality. The project is also a key element of both Dubai’s 2050 clean energy strategy and its goal of zero waste to landfill by 2030. Read the full story

  • Esprit Courbevoie (BEL)

    With the development of the 60,000 m² residential and office project esprit Courbevoie in Louvain-La-Neuve, BESIX Red consolidates its position in the Walloon real estate market. Read the full story

  • DUUO (POR)

    As part of its pan-european diversification strategy, BESIX Red continues to seize opportunities in cities characterised by a strong socio-economic dynamism such as Lisbon. Read the full story

05

Strategy

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Changing construction market

Changing construction market

The world in which BESIX operates and the construction sector are undergoing profound changes. In response to these changes, BESIX has defined the foundations of its strategy to support its capacity to innovate, maintain a high level of quality, face competition, meet new financial requirements and diversify.

Technological:
artificial intelligence, parametric design, digital twin, 3D printing…

Environmental:
energy efficiency, energy neutral, circularity of materials…

Competitive:
risk sharing, shrinking margins, talent war…

Strategic drivers & values

6 strategic drivers

  • 01
    Being a leader in innovation
    Innovation is where our operations are, where each and
    every one is empowered and
    supported to carry out the
    BESIX innovative and entrepreneurial company culture.
  • 02
    Promoting openness towards new ventures
    We have been known for decades for our entrepreneurial spirit. We need to
    continuously explore and to react positively to new opportunities.
  • 03
    Developing 'one-stop shop' solutions
    Our Group has unique capabilities and a multiservice
    offer, meaning we can provide solutions throughout the value chain, from ‘develop’ to ‘operate and maintain’.
  • 04
    Leveraging on our customer centricity
    It is key for our business to really know our clients,
    understand their needs and satisfy them to achieve the
    desired results. Doing this better than our competitors is a major differentiating aspect.
  • 05
    Promoting a great place to work
    Our ability to provide a great employee experience in an
    open community of enthusiastic colleagues is a defining factor in our successes of tomorrow.
  • 06
    Creating synergies across the group
    This means ‘working light’ by simplifying and harmonising
    our internal processes. This
    can include common choices of tools, organisational formats and resource allocation
    across the Group.

5 values

  • Excellence
    This takes us
    straight back to
    our corporate purpose and trademark: to always
    excel in what we
    do.
  • Passion
    We are all passionate about our jobs.
  • Co-creation
    We need to demonstrate this every day, by pooling our minds and skills, and advancing forward.
  • Unity
    Despite the size
    of our company,
    there is an attitude
    where colleagues
    stand up for each
    other and are ready to lend an extra hand to help
    others succeed.
  • Respect
    Respect is all about attitude. It is vital to create an atmosphere of comfort and trust for everyone.

Purpose

Purpose

“Excel in creating sustainable solutions for a better world”.

This mission gives our actions a goal that goes far beyond profit. It is pivotal, inspiring our decisions and actions based on a simple question: what kind of future do we want and how do we make it happen?
By encouraging new ideas, assuming our responsibilities in a proactive way and by excelling in all of our initiatives, we believe that we can help bring about positive change – economic, societal and environmental.

06

Key figures

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  • Evolution of revenues (IN MEUR)

    Capture d’écran 2022-05-03 à 15.47.32
  • Evolution of order book (IN MEUR)

    Capture d’écran 2022-05-03 à 15.49.22
  • Revenues by region (2021)

    pie1 2,963 MEUR
    • Belgium 42%
    • The Netherlands, Luxembourg & France 17%
    • Middle East 12%
    • Australia 18%
    • Rest of the world 11%
  • Order book by region (AT 31/12/2021)

    pie2 4,881 MEUR
    • Belgium 31%
    • The Netherlands, Luxembourg & France 26%
    • Middle East 15%
    • Australia 16%
    • Rest of the world 12%
  • Revenues by area of activity (2021)

    pie3 2,963 MEUR
    • Building 53%
    • Infrastructure 19%
    • Roads & utilities 10%
    • Marine works 4%
    • Other 14%
  • Order book by area of activity (AT 31/12/2021)

    pie4 4,881 MEUR
    • Building 59 %
    • Infrastructure 25 %
    • Roads & utilities 8%
    • Marine works 4%
    • Other 4%

    Discover the whole 2021 annual report

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