ACTIVE

CID LINES

Export PDF

Financial year 2025 · closed on 30/11/2025

Net result

14,1 M €

+54.4% YoY

Revenue

126,4 M €

+0.9% YoY

Equity

65,3 M €

+27.5% YoY

Workforce

161,9 ETP

-8.8% YoY

What does CID LINES do?

CID LINES is a Public limited company incorporated in 1988. Its registered office is in Ieper. It employs on average 161,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.921.958

Incorporation

28/11/1988

Legal form

Public limited company

Registered office

Waterpoortstraat 2
8900 Ieper · FlandreSee on map

Contributed capital

46 350 190,00 €

Latest accounts

30/11/2025

Average workforce

161,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	126,4 M €	+0.9%	125,2 M €	+1.0%	124 M €	+8.0%	114,8 M €	+15.6%	99,3 M €	+0.8%	98,5 M €	+9.8%	89,8 M €	+15.2%	77,9 M €	+10.0%	70,9 M €	+11.7%	63,4 M €	+7.4%	59,1 M €	+10.6%	53,4 M €	+12.0%	47,7 M €	+9.4%	43,6 M €	+10.3%	39,5 M €	+15.1%	34,3 M €	+7.9%	31,8 M €	+12.9%	28,2 M €	+16.3%	24,2 M €	+5.3%	23 M €
EBITDA	18,5 M €	-3.3%	19,1 M €	-27.8%	26,5 M €	+60.6%	16,5 M €	-3.4%	17 M €	-21.5%	21,7 M €	+3.4%	21 M €	+39.5%	15 M €	+24.8%	12,1 M €	-12.5%	13,8 M €	-3.4%	14,3 M €	+25.7%	11,3 M €	+40.0%	8,1 M €	+19.6%	6,8 M €	-5.6%	7,2 M €	+21.4%	5,9 M €	+54.7%	3,8 M €	+40.1%	2,7 M €	+20.9%	2,3 M €	+40.7%	1,6 M €
Operating result	16,1 M €	-4.1%	16,8 M €	-31.5%	24,5 M €	+65.9%	14,8 M €	-9.2%	16,3 M €	-20.8%	20,5 M €	+4.7%	19,6 M €	+44.8%	13,5 M €	+33.3%	10,2 M €	-22.6%	13,1 M €	-0.2%	13,1 M €	+27.3%	10,3 M €	+45.1%	7,1 M €	+26.4%	5,6 M €	-12.3%	6,4 M €	+27.6%	5 M €	+62.3%	3,1 M €	+52.1%	2 M €	+14.1%	1,8 M €	+57.8%	1,1 M €
Net result	14,1 M €	+54.4%	9,1 M €	-66.4%	27,1 M €	+1531%	1,7 M €	-89.0%	15,2 M €	+4.1%	14,6 M €	+15.2%	12,6 M €	+48.6%	8,5 M €	+34.4%	6,3 M €	-29.3%	8,9 M €	+2.5%	8,7 M €	+19.0%	7,3 M €	+81.6%	4 M €	+140%	1,7 M €	-59.3%	4,1 M €	-57.4%	9,7 M €	+421%	1,9 M €	+20.5%	1,5 M €	+25.4%	1,2 M €	+29.7%	953,4 k €
Balance sheet
Equity	65,3 M €	+27.5%	51,2 M €	-9.5%	56,6 M €	+15.7%	48,9 M €	-6.4%	52,2 M €	+8.9%	48 M €	+116%	22,2 M €	+132%	9,5 M €	-38.5%	15,5 M €	+68.8%	9,2 M €	-65.0%	26,3 M €	+49.9%	17,5 M €	+72.1%	10,2 M €	+65.9%	6,1 M €	+37.9%	4,4 M €	+1332%	310,8 k €	-96.1%	8 M €	+30.5%	6,1 M €	+33.9%	4,6 M €	+37.0%	3,3 M €
Total assets	97,1 M €	+7.6%	90,2 M €	-8.3%	98,4 M €	+29.9%	75,8 M €	-15.0%	89,1 M €	+2.1%	87,3 M €	+18.7%	73,5 M €	+23.0%	59,8 M €	-4.9%	62,8 M €	+14.0%	55,1 M €	+10.1%	50 M €	+9.4%	45,7 M €	+15.3%	39,7 M €	+3.9%	38,2 M €	+0.5%	38 M €	+3.5%	36,7 M €	+92.1%	19,1 M €	+6.6%	17,9 M €	+34.6%	13,3 M €	+41.3%	9,4 M €
Cash	30,8 M €	-2.4%	31,6 M €	-6.0%	33,6 M €	+276%	8,9 M €	-14.9%	10,5 M €	+5074%	203 k €	-98.2%	11,3 M €	+341%	2,6 M €	+31.1%	2 M €	-37.4%	3,1 M €	-42.5%	5,4 M €	+157%	2,1 M €	-52.6%	4,4 M €	+191%	1,5 M €	-11.3%	1,7 M €	+38.0%	1,2 M €	-47.1%	2,4 M €	+99.9%	1,2 M €	+269%	319,2 k €	-58.1%	762,1 k €
Debts	31,4 M €	-17.7%	38,2 M €	-7.0%	41 M €	+55.1%	26,5 M €	-26.9%	36,2 M €	-7.8%	39,3 M €	-22.6%	50,7 M €	+3.2%	49,2 M €	+9.2%	45 M €	-1.8%	45,8 M €	+93.0%	23,8 M €	-15.6%	28,1 M €	-4.4%	29,5 M €	-8.0%	32 M €	-4.5%	33,5 M €	-7.8%	36,4 M €	+228%	11,1 M €	-5.7%	11,8 M €	+35.9%	8,7 M €	+43.8%	6 M €
Other
Workforce	161,9 ETP	-8.8%	177,5 ETP	+8.5%	163,6 ETP	+3.3%	158,3 ETP	+2.8%	154,0 ETP	+34.3%	114,7 ETP	+16.3%	98,6 ETP	+8.7%	90,7 ETP	+10.9%	81,8 ETP	+2.4%	79,9 ETP	+13.3%	70,5 ETP	+10.0%	64,1 ETP	+2.9%	62,3 ETP	+10.3%	56,5 ETP	+13.2%	49,9 ETP	+16.3%	42,9 ETP	+10.0%	39,0 ETP	-15.2%	46,0 ETP	-0.2%	46,1 ETP	+17.9%	39,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 38 ended

Active mandates

Matthias Arnold

Gedelegeerd bestuurder · since 01 novembre 2025

Active

Veerle Van Wichelen

Gedelegeerd bestuurder · since 09 janvier 2024 · until 31 août 2030

Active

Ended mandates

Veerle Van Wichelen

Managing director · since 01 septembre 2024 · until 31 août 2030

Ended

Pascal Jean Yves JAOUEN

Director · since 01 décembre 2021 · until 01 décembre 2027

Ended

Pascal Jean Yves JAOUEN

Managing director · since 01 décembre 2021 · until 01 décembre 2027

Ended

BRUKO

Managing director · since 12 mai 2020 · until 30 avril 2023 · 0444.781.325

Represented by Koen Brutsaert

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/01/2020
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	11 months
Filing date	26/05/2026	21/05/2025	23/05/2024	13/05/2023	17/05/2022	12/05/2021
General meeting	15/05/2026	08/05/2025	13/05/2024	11/05/2023	12/05/2022	12/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/11/2025	15/05/2026	26/05/2026	Dutch	PDF
Full model	30/11/2024	08/05/2025	21/05/2025	Dutch	PDF
Full model	30/11/2023	13/05/2024	23/05/2024	Dutch	PDF
Full model	30/11/2022	11/05/2023	13/05/2023	Dutch	PDF
Full model	30/11/2021	12/05/2022	17/05/2022	Dutch	PDF
Full model	30/11/2020	12/05/2021	12/05/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	08/06/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	22/06/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	24/06/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	10/07/2014	Dutch	PDF
Full modelCorrection	31/12/2012	21/06/2013	25/03/2014	Dutch	PDF
Full model	31/12/2012	21/06/2013	11/07/2013	Dutch	PDF
Full model	31/12/2011	16/06/2012	25/07/2012	Dutch	PDF
Full model	31/12/2010	17/06/2011	20/07/2011	Dutch	PDF
Full model	31/12/2009	18/06/2010	05/08/2010	Dutch	PDF
Full model	31/12/2008	19/06/2009	12/08/2009	Dutch	PDF
Full model	31/12/2007	20/06/2008	27/10/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/11/2025 · 2 active · 38 ended

Active mandates

Matthias Arnold

Gedelegeerd bestuurder · since 01 novembre 2025

Active

Veerle Van Wichelen

Gedelegeerd bestuurder · since 09 janvier 2024 · until 31 août 2030

Active

Ended mandates

Veerle Van Wichelen

Managing director · since 01 septembre 2024 · until 31 août 2030

Ended

Pascal Jean Yves JAOUEN

Director · since 01 décembre 2021 · until 01 décembre 2027

Ended

Pascal Jean Yves JAOUEN

Managing director · since 01 décembre 2021 · until 01 décembre 2027

Ended

BRUKO

Managing director · since 12 mai 2020 · until 30 avril 2023 · 0444.781.325

Represented by Koen Brutsaert

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/09/2026
Ontslag en benoeming van bestuurders
PDF
Mandates21/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/11/2025
KAPITAAL - AANDELEN
PDF
Mandates24/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Restructuring16/05/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 202514,1 M €↑
01/11/2025
nominationMatthias Arnold — bestuurder
24/09/2025
autre
06/06/2025
nominationMartijn Jordans — bijzondere volmacht
2024
Annual accounts 20249,1 M €↓
01/09/2024
nominationVeerle Van Wichelen — bestuurder
13/05/2024
reconductionBV BDO Bedrijfsrevisoren — commissaris
12/12/2023
nominationCharline De Smet — Volmachthouder (bijzondere volmacht)
2023
Annual accounts 202327,1 M €↑
2022
Annual accounts 20221,7 M €↓
24/11/2022
revocationEvelien Touquet — Finance Manager (bijzondere volmacht)
24/11/2022
revocationKatrien Van Durme — HR Directeur (bijzondere volmacht)
01/10/2022
autre
12/05/2022
nominationEvy Borry — vast vertegenwoordige (commissaris)
2021
Annual accounts 202115,2 M €↑
2020
Annual accounts 202014,6 M €↑
2019
Annual accounts 201912,6 M €↑
2018
Annual accounts 20188,5 M €↑
2017
Annual accounts 20176,3 M €↓
2016
Annual accounts 20168,9 M €↑
2015
Annual accounts 20158,7 M €↑
2014
Annual accounts 20147,3 M €↑
2013
Annual accounts 20134 M €↑
2012
Annual accounts 20121,7 M €↓
2011
Annual accounts 20114,1 M €↓
2010
Annual accounts 20109,7 M €↑
2009
Annual accounts 20091,9 M €↑
2008
Annual accounts 20081,5 M €↑
2007
Annual accounts 20071,2 M €↑
2006
Annual accounts 2006953,4 k €
28/11/1988
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

CID LINES

Overview

What does CID LINES do?

Trend over 20 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