ACTIVE

CFNR Antwerpen

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Financial year 2025 · closed on 31/12/2025

Net result

316,5 k €

-32.4% YoY

Gross margin

874,5 k €

-18.0% YoY

Equity

2,6 M €

+13.9% YoY

Workforce

3,4 ETP

-2.9% YoY

What does CFNR Antwerpen do?

CFNR Antwerpen is a Public limited company incorporated in 2016. Its main activity is: Freight transport by road. Its registered office is in Antwerpen. It employs on average 3,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0660.803.095

Incorporation

09/08/2016

Legal form

Public limited company

Registered office

Roderveldlaan 5
2600 Antwerpen · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

3,4 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 50200Sea and coastal freight water transport 50200Sea and coastal freight water transport 49320Taxi operation 49390Other passenger land transport n.e.c.+6

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	874,5 k €	-18.0%	1,1 M €	-16.6%	1,3 M €	-13.7%	1,5 M €	+80.2%	823,1 k €	+24.2%	662,5 k €	-2.7%	680,6 k €	+4.3%	652,2 k €	+5.1%	620,9 k €
EBITDA	391,6 k €	-36.1%	613,3 k €	-27.9%	851,1 k €	-22.2%	1,1 M €	+166%	410,6 k €	+46.3%	280,6 k €	-10.3%	312,9 k €	+40.7%	222,4 k €	+22.7%	181,2 k €
Operating result	388,5 k €	-36.4%	610,5 k €	-28.0%	848,5 k €	-22.2%	1,1 M €	+168%	407,7 k €	+46.8%	277,8 k €	-9.0%	305,4 k €	+42.1%	214,9 k €	+25.2%	171,6 k €
Net result	316,5 k €	-32.4%	468,5 k €	-26.7%	639,5 k €	-20.7%	806,2 k €	+165%	303,9 k €	+51.9%	200,1 k €	-2.7%	205,8 k €	+44.7%	142,3 k €	+35.3%	105,1 k €
Balance sheet
Equity	2,6 M €	+13.9%	2,3 M €	+26.0%	1,8 M €	+55.0%	1,2 M €	+35.7%	857,2 k €	+13.8%	753,3 k €	+36.2%	553,2 k €	+59.2%	347,4 k €	+69.3%	205,1 k €
Total assets	2,9 M €	+13.4%	2,5 M €	+14.1%	2,2 M €	-21.3%	2,8 M €	+135%	1,2 M €	+27.6%	940 k €	-25.8%	1,3 M €	+20.6%	1 M €	+9.9%	955,6 k €
Cash	176,8 k €	-34.2%	268,8 k €	+392%	54,6 k €	-94.7%	1 M €	+141%	425,2 k €	+549%	65,5 k €	-49.7%	130,3 k €	+39.3%	93,5 k €	-22.0%	120 k €
Debts	277,6 k €	+7.8%	257,6 k €	-37.7%	413,8 k €	-74.9%	1,6 M €	+383%	341 k €	+87.9%	181,5 k €	-74.3%	707,6 k €	+9.0%	649,4 k €	-13.1%	747,4 k €
Other
Workforce	3,4 ETP	-2.9%	3,5 ETP	0.0%	3,5 ETP	-2.8%	3,6 ETP	-10.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 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 · 2 active · 3 ended

Active mandates

Thomas Maassen

Director · since 22 juin 2022 · until 20 juin 2028

Active

Jean-Marc Thomas

Director · since 17 juillet 2020 · until 16 juin 2026

Active

Ended mandates

Jean-Marc Thomas

Director · since 17 juillet 2020 · until 30 juin 2026

Ended

Hugo Geerts

Director · since 08 août 2016 · until 21 juin 2022

Ended

Thomas Maassen

Director · since 08 août 2016 · until 21 juin 2022

Ended

At this address

Other companies at this address

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RHENUS AIR & OCEAN● Active	0404.804.061
Rhenus Assets I● Active	1005.352.639
Rhenus Assets II● Active	1005.387.875
Rhenus High Tech● Active	0474.165.001
RHENUS HOLDING BELGIUM● Active	0456.850.105
RHENUS INTERMODAL SYSTEMS● Active	0445.459.632
RHENUS SHARED SERVICE CENTER● Active	0404.508.806

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/06/2026	07/07/2025	19/06/2024	26/06/2023	08/07/2022	21/06/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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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Filings

Annual accounts filings

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	26/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	21/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	16/07/2018	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 · 2 active · 3 ended

Active mandates

Thomas Maassen

Director · since 22 juin 2022 · until 20 juin 2028

Active

Jean-Marc Thomas

Director · since 17 juillet 2020 · until 16 juin 2026

Active

Ended mandates

Jean-Marc Thomas

Director · since 17 juillet 2020 · until 30 juin 2026

Ended

Hugo Geerts

Director · since 08 août 2016 · until 21 juin 2022

Ended

Thomas Maassen

Director · since 08 août 2016 · until 21 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office01/10/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2016
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 2025316,5 k €↓
2024
Annual accounts 2024468,5 k €↓
2023
Annual accounts 2023639,5 k €↓
2022
Annual accounts 2022806,2 k €↑
2021
Annual accounts 2021303,9 k €↑
2020
Annual accounts 2020200,1 k €↓
2019
Annual accounts 2019205,8 k €↑
2018
Annual accounts 2018142,3 k €↑
2017
Annual accounts 2017105,1 k €
09/08/2016
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

CFNR Antwerpen

Overview

What does CFNR Antwerpen do?

Trend over 9 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