ACTIVE

Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge

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Financial year 2025 · Closed on 31/12/2025

Net result11,9 M €-98,7 %over 1 year

Revenue96,2 M €+1,7 %over 1 year

Equity1,6 Md €-0,6 %over 1 year

Workforce38,0 ETP-11,2 %over 1 year

Identity

Source · BCE/KBO

Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge is a Public limited company incorporated in 1895. Its main activity is: Wired telecommunications activities. Its registered office is in Antwerpen. It employs on average 38,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.535.431
Incorporation: 24/01/1895
Legal form: Public limited company
Registered office: De Gerlachekaai 20
2000 Antwerpen · FlandreSee on map
Contributed capital: 117 154 540,00 €
Latest accounts: 31/12/2025
Average workforce: 38,0 ETP

Activities (NACE)

61100Wired telecommunications activities· main 64200Activities of holding companies 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices 74151Specialised design activities+2

Joint committees (4)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 79 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	96,2 M €	+1.7%	94,6 M €	-21.2%	120,1 M €	-38.0%	193,8 M €	-15.3%	228,7 M €
EBITDA	20,3 M €	+762%	-3,1 M €	-107%	45,1 M €	-39.6%	74,6 M €	-53.9%	162 M €
Operating result	10,3 M €	+180%	-12,8 M €	-143%	30 M €	-36.0%	46,8 M €	-67.7%	144,9 M €
Net result	11,9 M €	-98.7%	895,3 M €	+203%	295 M €	+11.1%	265,6 M €	+73.1%	153,4 M €
Balance sheet
Equity	1,6 Md €	-0.6%	1,6 Md €	+138%	661,1 M €	+7.1%	617,4 M €	+68.3%	366,8 M €
Total assets	2,3 Md €	+0.2%	2,3 Md €	-9.6%	2,6 Md €	+62.6%	1,6 Md €	+80.5%	872,1 M €
Cash	6 M €	-40.6%	10,1 M €	-81.1%	53,5 M €	-6.2%	57 M €	-29.0%	80,3 M €
Debts	742,5 M €	+1.5%	731,5 M €	-60.4%	1,8 Md €	+99.4%	926,7 M €	+95.3%	474,6 M €
Other
Workforce	38,0 ETP	-11.2%	42,8 ETP	-3.4%	44,3 ETP	+17.2%	37,8 ETP	+8.6%	34,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BLACKSQUARE1003.598.226Represented by Benoît Timmermans	Director21/12/2023 → 09/05/2028
Debemar0431.713.643Represented by Patrick De Brabandere	Director22/09/2021 → 09/05/2028
Ludovic Saverys	Director10/05/2016 → 09/05/2028
Michaël Saverys	Director10/05/2016 → 09/05/2028
Alexander Saverys	Managing director12/05/2015 → 11/05/2027Director09/05/2006 → 08/05/2012ended
JALCOS0477.516.746Represented by Ludwig Criel	Director18/06/2021 → 11/05/2027
MAVECOM0721.561.719Represented by Maxime Van Eecke	Director31/05/2024 → 11/05/2027
NV BUCHAI SA0440.701.781Represented by Marc Saverys	Chairman of the board of directors29/08/2016 → 11/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Maxime Van Eecke	Director07/02/2023 → 12/05/2026
Benoît Timmermans	Director10/05/2022 → 13/05/2025

Other companies at this address

De Gerlachekaai 20 2000 Antwerpen

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A La Marine● Active	0736.446.566
AUTOMOTIVE MARKETING INTELLIGENCE FOR YOU● Active	0684.951.543
Barajii Group● Active	0642.955.293
be Hydro● Active	0704.731.625
BOCIMAR INTERNATIONAL● Active	0468.590.271
BREDEAU● Active	0674.549.282
CMB.TECH● Active	0860.402.767
CMB.TECH Belgium● Active	0788.642.365
CMB.TECH Enterprises● Active	0766.552.396
CMB.TECH Industry● Active	0788.294.254
CMB.TECH International● Active	0775.493.422
DANERI● Active	0443.044.431
De Bock Maritime Services Belgium● Active	0792.946.591
DELPHIS● Active	0863.873.981
DE VELDEN● Active	0442.322.572
DOMIMAR● Active	0809.219.530
DURABILIS● Active	0872.630.311
EPX● Active	0899.984.212
EURONAV BELGIUM● Active	0552.836.652
EURONAV SHIPPING● Active	0544.986.976

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
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	18/05/2026	10/06/2025	26/06/2024	22/06/2023	08/06/2022	12/10/2021
General meeting	12/05/2026	13/05/2025	31/05/2024	31/05/2023	10/05/2022	18/06/2021
Currency of the financial year	USD	USD	USD	USD	USD	USD
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 79 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	18/05/2026	Dutch	PDF
Full model	31/12/2024	13/05/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	10/05/2022	08/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	18/06/2021	12/10/2021	Dutch	PDF
Full model	31/12/2020	18/06/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	22/06/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	19/06/2019	Dutch	PDF
Full model	31/12/2017	08/05/2018	25/05/2018	Dutch	PDF
Full modelCorrection	31/12/2016	09/05/2017	09/03/2018	Dutch	PDF
Full model	31/12/2016	09/05/2017	01/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	09/05/2017	07/06/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	23/05/2016	Dutch	PDF
Consolidated accounts	31/12/2015	10/05/2016	06/06/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	10/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	12/05/2015	10/06/2015	Dutch	PDF
Full model	31/12/2013	13/05/2014	14/05/2014	Dutch	PDF
Consolidated accounts	31/12/2013	13/05/2014	02/06/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	17/05/2013	Dutch	PDF
Consolidated accounts	31/12/2012	14/05/2013	11/06/2013	Dutch	PDF
Full model	31/12/2011	08/05/2012	09/05/2012	Dutch	PDF
Consolidated accounts	31/12/2011	08/05/2012	06/06/2012	Dutch	PDF
Full model	31/12/2010	10/05/2011	12/05/2011	Dutch	PDF
Consolidated accountsCorrection	31/12/2010	10/05/2011	09/09/2011	Dutch	PDF
Consolidated accounts	31/12/2010	10/05/2011	06/06/2011	Dutch	PDF
Full model	31/12/2009	11/05/2010	27/05/2010	Dutch	PDF
Consolidated accounts	31/12/2009	11/05/2010	23/06/2010	Dutch	PDF
Full model	31/12/2008	12/05/2009	28/05/2009	Dutch	PDF
Consolidated accounts	31/12/2008	12/05/2009	11/06/2009	Dutch	PDF
Full model	31/12/2007	13/05/2008	04/06/2008	Dutch	PDF
Consolidated accounts	31/12/2007	13/05/2008	11/06/2008	Dutch	PDF
Full model	31/12/2006	08/05/2007	06/06/2007	Dutch	PDF
Consolidated accounts	31/12/2006	08/05/2007	06/06/2007	Dutch	PDF
Full model	31/12/2005	09/05/2006	09/06/2006	Dutch	PDF
Consolidated accounts	31/12/2005	09/05/2006	02/06/2006	Dutch	PDF
Full model	31/12/2004	10/05/2005	31/05/2005	Dutch	PDF
Consolidated accounts	31/12/2004	10/05/2005	25/05/2005	Dutch	PDF
Full model	31/12/2003	11/05/2004	25/05/2004	Dutch	PDF
Consolidated accounts	31/12/2003	11/05/2004	07/06/2004	Dutch	PDF
Consolidated accounts	31/12/2002	09/05/2003	16/06/2003	Dutch	PDF
m905-p	31/12/2002	09/05/2003	23/05/2003	Dutch	PDF
Consolidated accounts	31/12/2001	11/05/2002	23/05/2002	Dutch	PDF
m905-p	31/12/2001	10/05/2002	22/05/2002	Dutch	PDF
m905-p	31/12/2000	11/05/2001	08/06/2001	Dutch	PDF
Consolidated accounts	31/12/2000	11/05/2001	08/06/2001	Dutch	PDF
Consolidated accounts	31/12/1999	12/05/2000	21/06/2000	Dutch	PDF
m905-p	31/12/1999	12/05/2000	24/05/2000	Dutch	PDF
m905-p	31/12/1998	14/05/1999	14/06/1999	Dutch	PDF
Consolidated accounts	31/12/1998	14/05/1999	11/06/1999	Dutch	PDF
Consolidated accounts	31/12/1997	01/01/9999	16/06/1998	Dutch	—
m905-p	31/12/1997	06/05/1998	04/06/1998	Dutch	—
Consolidated accounts	31/12/1996	01/01/9999	01/07/1997	Dutch	—
m905-p	31/12/1996	07/05/1997	06/06/1997	Dutch	—
Full model	31/12/1995	02/05/1996	10/05/1996	Dutch	—
Consolidated accounts	31/12/1995	01/01/9999	07/06/1996	Dutch	—
Full model	31/12/1994	03/05/1995	17/05/1995	Dutch	—
Consolidated accounts	31/12/1994	03/05/1995	29/06/1995	Dutch	—
Full model	31/12/1993	04/05/1994	16/05/1994	Dutch	—
Consolidated accounts	31/12/1993	04/05/1994	28/06/1994	Dutch	—
Full model	31/12/1992	05/05/1993	13/05/1993	Dutch	—
Consolidated accounts	31/12/1992	05/05/1993	24/11/1993	Dutch	—
Full model	31/12/1991	06/05/1992	04/06/1992	Dutch	—
Consolidated accounts	31/12/1991	06/05/1992	24/07/1992	Dutch	—
m905-p	31/12/1990	02/05/1991	30/05/1991	Dutch	—
m905-p	31/12/1989	06/06/1990	22/06/1990	Dutch	—
m905-p	31/12/1988	07/06/1989	28/06/1989	Dutch	—
m905-p	31/12/1987	01/06/1988	17/06/1988	Dutch	—
m905-pCorrection	31/12/1986	03/06/1987	20/01/1988	Dutch	—
m905-p	31/12/1986	03/06/1987	29/06/1987	Dutch	—
m905-p	31/12/1985	04/06/1986	26/06/1986	Dutch	—
m905-p	31/12/1984	05/06/1985	26/06/1985	English	—
m905-p	31/12/1983	06/06/1984	04/07/1984	English	—
m905-p	31/12/1982	01/06/1983	27/07/1983	English	—
m905-p	31/12/1981	02/06/1982	22/06/1982	English	—
m905-p	31/12/1980	01/01/9999	23/06/1981	English	—
m905-p	31/12/1979	01/01/9999	25/06/1980	English	—
m905-p	31/12/1978	01/01/9999	05/07/1979	English	—
m905-p	31/12/1977	01/01/9999	15/11/1978	English	—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BLACKSQUARE1003.598.226Represented by Benoît Timmermans	Director21/12/2023 → 09/05/2028
Debemar0431.713.643Represented by Patrick De Brabandere	Director22/09/2021 → 09/05/2028
Ludovic Saverys	Director10/05/2016 → 09/05/2028
Michaël Saverys	Director10/05/2016 → 09/05/2028
Alexander Saverys	Managing director12/05/2015 → 11/05/2027Director09/05/2006 → 08/05/2012ended
JALCOS0477.516.746Represented by Ludwig Criel	Director18/06/2021 → 11/05/2027
MAVECOM0721.561.719Represented by Maxime Van Eecke	Director31/05/2024 → 11/05/2027
NV BUCHAI SA0440.701.781Represented by Marc Saverys	Chairman of the board of directors29/08/2016 → 11/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Maxime Van Eecke	Director07/02/2023 → 12/05/2026
Benoît Timmermans	Director10/05/2022 → 13/05/2025

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other06/07/2026
—
PDF
Mandates03/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/02/2024
KAPITAAL - AANDELEN
PDF
Mandates01/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1895

Name

Registered office

Annual accounts

Filings11 filings

Mandates

Debemar

BLACKSQUARE

Ludovic Saverys

Michaël Saverys

NV BUCHAI SA

JALCOS

MAVECOM

Alexander Saverys

Maxime Van Eecke

Benoît Timmermans

Etienne Davignon

A.P.E.

and 15 more mandates

196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

CMBBelgische Scheepvaartmaatschappij-Compagnie Maritime Belge

De Gerlachekaai 20, 2000 Antwerp

Director

Chairman of the board of directors

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
De Gerlachekaai 20, 2000 AntwerpCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00116031

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Belgische Scheepvaartmaatschappij-Compagnie Maritime BelgeCurrent		CBE
CMB	accounts 2023 → 2025	Accounts 2025 · 2026-00116031
Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge	accounts 2021 → 2022	Accounts 2022 · 2023-00152565

Events

2025
Annual accounts 202511,9 M €↓
2024
Annual accounts 2024895,3 M €↑
25/06/2024
nominationFrank Geerts · volmachtdrager met algemene vertegenwoordigingsbevoegdheid
25/06/2024
nominationPeter Laurijssen · volmachtdrager met algemene vertegenwoordigingsbevoegdheid
25/06/2024
nominationAymeric Rogge · volmachtdrager met algemene vertegenwoordigingsbevoegdheid
25/06/2024
nominationFrancis Sarre · volmachtdrager met algemene vertegenwoordigingsbevoegdheid
31/05/2024
reconductionAlexander Saverys · bestuurder
31/05/2024
reconductionNV Buchai SA NV · bestuurder
31/05/2024
reconductionJalcos NV · bestuurder
31/05/2024
nominationMAVECOM · bestuurder
12/05/2024
reconductionLudovic Saverys · bestuurder
12/05/2024
reconductionMichaël Saverys · bestuurder
12/05/2024
reconductionBenoit Timmermans · vaste vertegenwoordiger (bestuurder via Blacksquare BV)
12/05/2024
reconductionPatrick De Brabandere · vaste vertegenwoordiger (bestuurder via Debemar BV)
12/05/2024
nominationKatleen Daems · commissaris (via BDO bedrijfsrevisoren BV)
2023
Annual accounts 2023295 M €↑
2023
Name changeCMB
21/12/2023
nominationBlacksquare BV · bestuurder
20/12/2023
reduction_capital
07/02/2023
nominationMaxime Van Eecke · uitvoerend bestuurder
2022
Annual accounts 2022265,6 M €↑
10/05/2022
reconductionPatrick De Brabandere · niet-uitvoerend bestuurder (vertegenwoordiger van BV Debemar)
10/05/2022
reconductionLudovic Saverys · uitvoerend bestuurder
10/05/2022
reconductionBenoit Timmermans · uitvoerend bestuurder
10/05/2022
reconductionMichaël Saverys · uitvoerend bestuurder
10/05/2022
reconductionPhilip De Bock · commissaris (vertegenwoordiger van KPMG Bedrijfsrevisoren)
2021
Annual accounts 2021153,4 M €↑
2016
Annual accounts 2016-118,9 M €↓
2011
Annual accounts 2011-4,9 M €↓
2010
Annual accounts 201089,1 M €↑
2009
Annual accounts 200913 M €↓
2008
Annual accounts 2008305,6 M €↑
2007
Annual accounts 2007157,4 M €
24/01/1895
IncorporationPublic limited company

Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events