ACTIVE

CLdN

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Financial year 2025 · closed on 31/12/2025

Net result

709,8 k €

-99.6% YoY

Revenue

1,4 M €

-1.6% YoY

Equity

45,1 M €

+1.6% YoY

What does CLdN do?

CLdN is a Public limited company incorporated in 1939. Its main activity is: Sea and coastal freight water transport. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.507.420

Incorporation

10/10/1939

Legal form

Public limited company

Registered office

Hendrik van Minderhoutstraat 50
8380 Brugge · FlandreSee on map

Contributed capital

800 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

50200Sea and coastal freight water transport· main 50200Sea and coastal freight water transport 52220Service activities incidental to water transportation 61100Wired telecommunications activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,4 M €	-1.6%	1,4 M €	+1.1%	1,4 M €	-1.7%	1,4 M €	-0.9%	1,5 M €	-1.7%	1,5 M €	+77.4%	837,6 k €		–		–		25 k €	-99.2%	3,2 M €	-55.9%	7,2 M €	-24.5%	9,6 M €	-9.9%	10,6 M €	+230%	3,2 M €	-47.2%	6,1 M €	-8.9%	6,7 M €	-6.4%	7,1 M €	+8.4%	6,6 M €	+8.6%	6,1 M €
EBITDA	1,4 M €	-1.4%	1,4 M €	-0.8%	1,4 M €	+1.9%	1,4 M €	-2.9%	1,4 M €	-0.2%	1,4 M €	+74.5%	800,8 k €	+1093%	-80,7 k €	-25.1%	-64,5 k €	-109%	685,9 k €	-27.4%	945,2 k €	-75.5%	3,9 M €	-36.4%	6,1 M €	-0.3%	6,1 M €	-3.5%	6,3 M €	-16.4%	7,6 M €	-17.6%	9,2 M €	+45.5%	6,3 M €	+1878%	-354,4 k €	-129%	1,2 M €
Operating result	-17,8 k €	-132%	-7,7 k €	-28.6%	-6 k €	+80.5%	-30,5 k €	-440%	9 k €	+247%	2,6 k €	+102%	-104 k €	-28.8%	-80,8 k €	-24.3%	-65 k €	-110%	653,3 k €	+174%	-885,7 k €	-151%	1,7 M €	+1690%	96,5 k €	+142%	-232 k €	+61.3%	-599,9 k €	-293%	-152,5 k €	-102%	7,7 M €	+179%	-9,8 M €	-229%	-3 M €	-111%	-1,4 M €
Net result	709,8 k €	-99.6%	183,9 M €	+2232%	7,9 M €	+1827%	409,4 k €	-99.5%	90,3 M €	+99.1%	45,3 M €	+830%	4,9 M €	-88.3%	41,5 M €	+27.2%	32,6 M €	+18.6%	27,5 M €	+4.3%	26,4 M €	-63.6%	72,5 M €	+628%	10 M €	+59.5%	6,2 M €	-59.2%	15,3 M €	+95.9%	7,8 M €	-40.8%	13,2 M €	-84.4%	84,8 M €	+827%	9,1 M €	+50.0%	6,1 M €
Balance sheet
Equity	45,1 M €	+1.6%	44,4 M €	+1.0%	43,9 M €	-1.9%	44,8 M €	+0.9%	44,4 M €	+0.6%	44,1 M €	-9.6%	48,8 M €	-26.0%	65,9 M €	-13.8%	76,5 M €	+7.2%	71,4 M €	+1.6%	70,3 M €	-41.5%	120,1 M €	+152%	47,6 M €	-84.0%	296,9 M €	-32.6%	440,6 M €	+3.6%	425,3 M €	+1.9%	417,5 M €	+3.3%	404,3 M €	+28.0%	315,8 M €	+3.0%	306,7 M €
Total assets	46,6 M €	+1.4%	46 M €	-14.5%	53,7 M €	+4.1%	51,6 M €	-63.1%	139,9 M €	+37.3%	102 M €	+78.2%	57,2 M €	-18.2%	70 M €	-13.2%	80,6 M €	+12.1%	71,9 M €	+1.3%	71 M €	-42.3%	123 M €	-65.4%	355,2 M €	+8.7%	326,9 M €	-31.7%	478,6 M €	+4.5%	457,8 M €	+1.9%	449,4 M €	+3.8%	433 M €	+29.3%	334,8 M €	+2.9%	325,6 M €
Cash	1,2 M €	+199%	394,7 k €	-25.3%	528,5 k €	+17.7%	449,2 k €	+410%	88,1 k €	-58.8%	213,6 k €	+656%	28,2 k €	-87.6%	227,7 k €	-97.1%	7,7 M €	+597%	1,1 M €	-94.3%	19,5 M €	+162%	7,5 M €	-2.7%	7,7 M €	+229%	2,3 M €	-62.2%	6,2 M €	-42.0%	10,6 M €	-11.8%	12 M €	+4562%	258,1 k €	+296%	65,2 k €	-3.0%	67,2 k €
Debts	1,5 M €	-2.7%	1,6 M €	-84.1%	9,7 M €	+45.2%	6,7 M €	-93.0%	95,4 M €	+65.5%	57,7 M €	+600%	8,2 M €	+106%	4 M €	-0.2%	4 M €	+798%	447,5 k €	-21.7%	571,7 k €	-79.3%	2,8 M €	-99.1%	307,5 M €	+926%	30 M €	-20.8%	37,9 M €	+30.5%	29 M €	+3.7%	28 M €	+14.4%	24,5 M €	+80.0%	13,6 M €	-1.2%	13,8 M €
Other
Workforce	–		–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-87.1%	6,2 ETP	-60.8%	15,8 ETP	-27.5%	21,8 ETP	-21.3%	27,7 ETP	-37.2%	44,1 ETP	-4.8%	46,3 ETP	-7.4%	50,0 ETP	+1.8%	49,1 ETP	+1719%	2,7 ETP	-6.9%	2,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 65 ended

Active mandates

Dirk Hooybergs

Director · since 05 mai 2023 · until 30 mai 2029

Active

Gary Walker

Director · since 05 mai 2023 · until 30 mai 2029

Active

NAVIRA

Director · since 05 mai 2023 · until 30 mai 2029 · 0692.919.696

Represented by Florent Maes

Active

TRANGO

Director · since 05 mai 2023 · until 30 mai 2029 · 0809.270.703

Represented by Joost Rubens

Active

Ended mandates

Gary Walker

Director · since 15 novembre 2019 · until 05 mai 2023

Ended

Gary Walker

Director · since 15 novembre 2019 · until 31 mai 2023

Ended

NAVIRA

Director · since 15 novembre 2019 · until 05 mai 2023 · 0692.919.696

Ended

NAVIRA

Director · since 15 novembre 2019 · until 31 mai 2023 · 0692.919.696

Ended

At this address

Other companies at this address

Company	CBE no.
C.Bulk● Active	0889.808.714
CLdN Ferries● Active	0413.127.453
CLdN Ports Zeebrugge● Active	0418.294.979
CLdN RoRo Agencies● Active	0467.484.273
CLdN Tech● Active	0435.508.323
Cobelfisc● Active	0894.382.956
LOWLANDS BULK● Active	0894.098.290
TerminalCo● Liquidation	0889.810.890

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/06/2026	16/06/2025	04/06/2024	26/05/2023	08/07/2022	31/08/2021
General meeting	29/05/2026	16/05/2025	24/05/2024	05/05/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Try for 7 days

Filings

Annual accounts filings

38 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	16/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	30/06/2025	15/09/2025	Dutch	PDF
Full model	31/12/2023	24/05/2024	04/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	30/06/2024	30/09/2024	Dutch	PDF
Full model	31/12/2022	05/05/2023	26/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	30/06/2023	25/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	08/07/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	29/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	08/05/2020	27/05/2020	Dutch	PDF
Consolidated accounts	31/12/2019	02/06/2020	12/10/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	25/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	26/06/2019	23/08/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	11/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	29/06/2018	09/08/2018	Dutch	PDF
Full model	31/12/2016	26/04/2017	24/05/2017	Dutch	PDF
Consolidated accounts	31/12/2016	29/06/2017	16/08/2017	Dutch	PDF
Full model	31/12/2015	23/05/2016	24/05/2016	Dutch	PDF
Consolidated accounts	31/12/2015	08/06/2016	24/08/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	23/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	22/06/2015	11/08/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	27/05/2014	Dutch	PDF
Consolidated accounts	31/12/2013	24/06/2014	10/08/2014	Dutch	PDF

View all 38 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 65 ended

Active mandates

Dirk Hooybergs

Director · since 05 mai 2023 · until 30 mai 2029

Active

Gary Walker

Director · since 05 mai 2023 · until 30 mai 2029

Active

NAVIRA

Director · since 05 mai 2023 · until 30 mai 2029 · 0692.919.696

Represented by Florent Maes

Active

TRANGO

Director · since 05 mai 2023 · until 30 mai 2029 · 0809.270.703

Represented by Joost Rubens

Active

Ended mandates

Gary Walker

Director · since 15 novembre 2019 · until 05 mai 2023

Ended

Gary Walker

Director · since 15 novembre 2019 · until 31 mai 2023

Ended

NAVIRA

Director · since 15 novembre 2019 · until 05 mai 2023 · 0692.919.696

Ended

NAVIRA

Director · since 15 novembre 2019 · until 31 mai 2023 · 0692.919.696

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring18/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates02/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other12/01/2022
BENAMING
PDF
Mandates10/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2017
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025709,8 k €↓
01/07/2025
augmentation_capital
16/05/2025
reconductionRSM InterAudit BV — commissaris
16/05/2025
nominationKim Van Loon — vaste vertegenwoordiger
2024
Annual accounts 2024183,9 M €↑
2023
Annual accounts 20237,9 M €↑
05/05/2023
reconductionDirk Hooybergs — bestuurder
05/05/2023
reconductionGary Walker — bestuurder
05/05/2023
reconductionFlorent Maes — vaste vertegenwoordiger (voor NAVIRA VOF, bestuurder)
05/05/2023
reconductionJoost Rubens — vertegenwoordiger (voor Trango BV, bestuurder)
2022
Annual accounts 2022409,4 k €↓
30/06/2022
reconductionRSM InterAudit BV — commissaris
2021
Annual accounts 202190,3 M €↑
2021
Name changeCLdN
2020
Annual accounts 202045,3 M €↑
2019
Annual accounts 20194,9 M €↓
2018
Annual accounts 201841,5 M €↑
2017
Annual accounts 201732,6 M €↑
2016
Annual accounts 201627,5 M €↑
2015
Annual accounts 201526,4 M €↓
2014
Annual accounts 201472,5 M €↑
2013
Annual accounts 201310 M €↑
2012
Annual accounts 20126,2 M €↓
2011
Annual accounts 201115,3 M €↑
2010
Annual accounts 20107,8 M €↓
2009
Annual accounts 200913,2 M €↓
2008
Annual accounts 200884,8 M €↑
2007
Annual accounts 20079,1 M €↑
2006
Annual accounts 20066,1 M €
2006
Name changeCompagnie Belge d'Affrêtements
10/10/1939
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CLdN

Overview

What does CLdN do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline