ACTIVE

CIBLEX BELGIUM

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Financial year 2025 · closed on 31/12/2025

Net result

-513,6 k €

-5097.6% YoY

Revenue

17,2 M €

-1.7% YoY

Equity

4,4 M €

-10.5% YoY

Workforce

48,0 ETP

-11.4% YoY

What does CIBLEX BELGIUM do?

CIBLEX BELGIUM is a Public limited company incorporated in 1974. Its main activity is: Freight transport by road. Its registered office is in Zaventem. It employs on average 48,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.616.897

Incorporation

13/08/1974

Legal form

Public limited company

Registered office

Leuvensesteenweg 518A
1930 Zaventem · FlandreSee on map

Contributed capital

1 133 210,19 €

Latest accounts

31/12/2025

Average workforce

48,0 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities 74853Other professional, scientific and technical activities 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (3)

140
14003
226

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2010		2009		2008		2007
Income statement
Revenue	17,2 M €	-1.7%	17,5 M €	+7.4%	16,3 M €	-0.8%	16,4 M €	-10.7%	18,4 M €	+5.7%	17,4 M €	-5.8%	18,4 M €	+2.8%	17,9 M €	-1.9%	18,3 M €	-9.0%	20,1 M €	+4.3%	19,3 M €	+3.4%	18,6 M €	-7.2%	20,1 M €	-6.2%	21,4 M €	+111%	10,1 M €	-51.8%	21 M €	+1.0%	20,8 M €	-2.9%	21,5 M €	+16.6%	18,4 M €
EBITDA	-355,9 k €	-315%	165,2 k €	+17.0%	141,2 k €	+146%	-304,1 k €	-103%	9,3 M €	+561%	1,4 M €	-13.5%	1,6 M €	-11.5%	1,8 M €	-18.7%	2,3 M €	-1.9%	2,3 M €	+27.9%	1,8 M €	-17.4%	2,2 M €	-5.7%	2,3 M €	-24.3%	3,1 M €	+111%	1,4 M €	-52.6%	3 M €	+8.1%	2,8 M €	-2.7%	2,9 M €	-8.4%	3,2 M €
Operating result	-561,9 k €	-1420%	-37 k €	+61.5%	-96,1 k €	+80.4%	-490,9 k €	-105%	9,1 M €	+598%	1,3 M €	-13.0%	1,5 M €	-14.0%	1,7 M €	-19.1%	2,2 M €	-2.6%	2,2 M €	+29.5%	1,7 M €	-10.1%	1,9 M €	-6.3%	2 M €	-26.6%	2,8 M €	+103%	1,4 M €	-50.9%	2,8 M €	+11.4%	2,5 M €	-2.6%	2,6 M €	+24.0%	2,1 M €
Net result	-513,6 k €	-5098%	-9,9 k €	+72.6%	-36 k €	+92.7%	-491,3 k €	-107%	6,8 M €	+656%	893,6 k €	+6.6%	838,1 k €	-28.6%	1,2 M €	-20.4%	1,5 M €	-0.9%	1,5 M €	+45.8%	1 M €	-21.4%	1,3 M €	-10.8%	1,5 M €	-24.8%	1,9 M €	+117%	890,1 k €	-53.7%	1,9 M €	-7.9%	2,1 M €	+20.0%	1,7 M €	+57.2%	1,1 M €
Balance sheet
Equity	4,4 M €	-10.5%	4,9 M €	-0.2%	4,9 M €	-0.7%	4,9 M €	-9.0%	5,4 M €	+47.9%	3,7 M €	+32.1%	2,8 M €	-5.5%	2,9 M €	-62.1%	7,8 M €	+23.4%	6,3 M €	+30.9%	4,8 M €	+26.9%	3,8 M €	-70.2%	12,7 M €	+12.9%	11,3 M €	+0.3%	11,3 M €	+8.6%	10,4 M €	+22.8%	8,4 M €	+32.8%	6,4 M €	+37.7%	4,6 M €
Total assets	6,7 M €	-9.9%	7,5 M €	-2.6%	7,7 M €	-22.8%	9,9 M €	-32.3%	14,6 M €	+149%	5,9 M €	-6.3%	6,3 M €	-44.9%	11,4 M €	+11.1%	10,2 M €	+11.3%	9,2 M €	+25.1%	7,3 M €	+22.6%	6 M €	-60.1%	15 M €	-0.9%	15,2 M €	+15.5%	13,1 M €	+4.5%	12,6 M €	+13.2%	11,1 M €	+23.4%	9 M €	+1.8%	8,8 M €
Cash	1,4 M €	-46.8%	2,7 M €	+4.8%	2,6 M €	-30.1%	3,7 M €	+6644%	54,4 k €	-95.1%	1,1 M €	-37.5%	1,8 M €	-51.8%	3,7 M €	+2.9%	3,6 M €	+16.4%	3,1 M €	+30.7%	2,3 M €	+10.0%	2,1 M €	-75.7%	8,7 M €	-8.0%	9,5 M €	+992%	869,1 k €	+11.2%	781,5 k €	+199%	261,6 k €	-27.5%	360,8 k €	+56.5%	230,5 k €
Debts	2,3 M €	-8.6%	2,6 M €	-5.9%	2,7 M €	-45.0%	4,9 M €	-46.4%	9,2 M €	+320%	2,2 M €	-37.1%	3,5 M €	-58.7%	8,4 M €	+242%	2,5 M €	-14.9%	2,9 M €	+14.1%	2,5 M €	+15.2%	2,2 M €	-3.3%	2,3 M €	-41.2%	3,9 M €	+108%	1,9 M €	-15.1%	2,2 M €	-15.6%	2,6 M €	+3.1%	2,5 M €	-39.6%	4,2 M €
Other
Workforce	48,0 ETP	-11.4%	54,2 ETP	-13.1%	62,4 ETP	-9.6%	69,0 ETP	+279%	18,2 ETP	+6.4%	17,1 ETP	+13.2%	15,1 ETP	-13.2%	17,4 ETP	+7.4%	16,2 ETP	-12.4%	18,5 ETP	-5.1%	19,5 ETP	-0.5%	19,6 ETP	-9.3%	21,6 ETP	-0.9%	21,8 ETP	+1.4%	21,5 ETP	-13.3%	24,8 ETP	-10.5%	27,7 ETP	-11.5%	31,3 ETP	-9.3%	34,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

Laure Brenas

Director · since 18 mars 2025

Active

WV-Consulting

Managing director · since 01 novembre 2019 · until 13 mai 2031 · 0632.776.332

Represented by Wouter Vlassenbroek

Active

Stephane Jean-Francois Baudry

Director · since 02 septembre 2014 · until 18 mars 2025

Active

Ended mandates

WV-Consulting

Managing director · since 01 novembre 2019 · until 13 mai 2025 · 0632.776.332

Represented by Wouter Vlassenbroek

Ended

Stephane Jean-Francois Baudry

Director · since 02 septembre 2014 · until 01 septembre 2020

Ended

Stephane Jean-Francois Baudry

Director · since 02 septembre 2014 · until 13 mai 2025

Ended

Gilles Dêcher

Director · since 14 mai 2013 · until 02 septembre 2014

Ended

Annual accounts

Full financial information

	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	20/05/2025	12/07/2024	23/05/2023	31/08/2022	09/07/2021
General meeting	12/05/2026	13/05/2025	21/05/2024	16/05/2023	10/05/2022	11/05/2021
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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Filings

Annual accounts filings

20 filings with the NBB

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	20/05/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	12/07/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	23/05/2023	Dutch	PDF
Full model	31/12/2021	10/05/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	11/05/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	12/05/2020	28/07/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	08/05/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	09/05/2017	24/05/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	13/05/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	25/06/2015	Dutch	PDF
Full model	31/12/2013	13/05/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	14/06/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	22/08/2012	Dutch	PDF
Full model	31/12/2010	10/05/2011	27/06/2011	Dutch	PDF
Full model	30/06/2010	09/11/2010	02/12/2010	Dutch	PDF
Full model	30/06/2009	10/11/2009	12/11/2009	Dutch	PDF
Full model	30/06/2008	12/11/2008	18/12/2008	Dutch	PDF
Full model	30/06/2007	13/11/2007	27/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 23 ended

Active mandates

Laure Brenas

Director · since 18 mars 2025

Active

WV-Consulting

Managing director · since 01 novembre 2019 · until 13 mai 2031 · 0632.776.332

Represented by Wouter Vlassenbroek

Active

Stephane Jean-Francois Baudry

Director · since 02 septembre 2014 · until 18 mars 2025

Active

Ended mandates

WV-Consulting

Managing director · since 01 novembre 2019 · until 13 mai 2025 · 0632.776.332

Represented by Wouter Vlassenbroek

Ended

Stephane Jean-Francois Baudry

Director · since 02 septembre 2014 · until 01 septembre 2020

Ended

Stephane Jean-Francois Baudry

Director · since 02 septembre 2014 · until 13 mai 2025

Ended

Gilles Dêcher

Director · since 14 mai 2013 · until 02 septembre 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/02/2022
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/11/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Restructuring26/11/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates03/12/2019
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 2025-513,6 k €↓
2024
Annual accounts 2024-9,9 k €↑
2023
Annual accounts 2023-36 k €↑
2022
Annual accounts 2022-491,3 k €↓
2021
Annual accounts 20216,8 M €↑
2020
Annual accounts 2020893,6 k €↑
2019
Annual accounts 2019838,1 k €↓
2018
Annual accounts 20181,2 M €↓
2017
Annual accounts 20171,5 M €↓
2016
Annual accounts 20161,5 M €↑
2015
Annual accounts 20151 M €↓
2014
Annual accounts 20141,3 M €↓
2013
Annual accounts 20131,5 M €↓
2012
Annual accounts 20121,9 M €↑
2010
Annual accounts 2010890,1 k €↓
2010
Annual accounts 20101,9 M €↓
2009
Annual accounts 20092,1 M €↑
2008
Annual accounts 20081,7 M €↑
2007
Annual accounts 20071,1 M €
13/08/1974
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

CIBLEX BELGIUM

Overview

What does CIBLEX BELGIUM do?

Trend over 19 financial years

Indicative valuation

Board of directors

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