ACTIVE

C.Bulk

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Financial year 2025 · closed on 31/12/2025

Net result

69,2 k €

-37.4% YoY

Gross margin

-7,4 k €

+25.0% YoY

Equity

3,3 M €

+2.1% YoY

What does C.Bulk do?

C.Bulk is a Public limited company incorporated in 2007. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.808.714

Incorporation

04/06/2007

Legal form

Public limited company

Registered office

Hendrik van Minderhoutstraat 50
8380 Brugge · FlandreSee on map

Contributed capital

2 107 128,43 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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		2011		2010		2009		2008		2007
Income statement
Gross margin	-7,4 k €	+25.0%	-9,8 k €	+22.0%	-12,6 k €	-19.4%	-10,6 k €	-2.1%	-10,3 k €	+57.6%	-24,4 k €	-116%	151,1 k €	+2468%	-6,4 k €	-106%	111,3 k €	+344%	-45,6 k €		–		–		–		–		–		–		–		–		–
EBITDA	-8,6 k €	+22.7%	-11,1 k €	+99.2%	-1,4 M €	-13192%	-10,7 k €	-2.1%	-10,5 k €	+57.2%	-24,5 k €	-122%	110,2 k €	+1783%	-6,5 k €	-106%	111,2 k €	+342%	-45,9 k €	+65.3%	-132,2 k €	-106%	2,1 M €	-34.7%	3,3 M €	+16.7%	2,8 M €	+62.9%	1,7 M €	+3639%	46,2 k €	-96.0%	1,2 M €	+562%	-250,7 k €	+88.9%	-2,3 M €
Operating result	-8,6 k €	+22.7%	-11,1 k €	+12.5%	-12,7 k €	-18.0%	-10,7 k €	-2.1%	-10,5 k €	+57.2%	-24,5 k €	-122%	110,2 k €	+1783%	-6,5 k €	-106%	111,2 k €	+342%	-45,9 k €	+86.3%	-334,7 k €	-597%	-48 k €	-104%	1,1 M €	+80.3%	605,2 k €	+105%	295,3 k €	+142%	-708 k €	+77.6%	-3,2 M €	+51.0%	-6,5 M €	+10.9%	-7,3 M €
Net result	69,2 k €	-37.4%	110,6 k €	-21.6%	141,1 k €	+447%	25,8 k €	+49.8%	17,2 k €	+127%	7,6 k €	-98.0%	373,5 k €	+858%	39 k €	-75.6%	159,7 k €	+411%	-51,4 k €	-108%	609,6 k €	-84.7%	4 M €	+512%	652,2 k €	+378%	136,4 k €	+1540%	8,3 k €	-98.3%	485 k €	+118%	-2,7 M €	+61.0%	-6,9 M €	+4.4%	-7,2 M €
Balance sheet
Equity	3,3 M €	+2.1%	3,2 M €	+3.5%	3,1 M €	+4.7%	3 M €	+0.9%	3 M €	+0.6%	2,9 M €	+0.3%	2,9 M €	+14.6%	2,6 M €	+1.6%	2,5 M €	+6.8%	2,4 M €	-2.1%	2,4 M €	-67.4%	7,4 M €	+118%	3,4 M €	+23.8%	2,7 M €	+5.2%	2,6 M €	+0.3%	2,6 M €	+127%	1,1 M €	-70.3%	3,8 M €	-64.3%	10,8 M €
Total assets	3,3 M €	+2.0%	3,2 M €	+3.6%	3,1 M €	+4.9%	3 M €	+0.9%	3 M €	+0.6%	2,9 M €	+0.3%	2,9 M €	+12.5%	2,6 M €	+2.1%	2,6 M €	-13.3%	2,9 M €	-31.4%	4,3 M €	-81.8%	23,5 M €	-20.8%	29,7 M €	+13.9%	26,1 M €	-13.2%	30 M €	+768%	3,5 M €	+51.3%	2,3 M €	-76.3%	9,6 M €	-53.0%	20,5 M €
Cash	1,8 k €	-12.5%	2,1 k €	+62.6%	1,3 k €	+78.6%	709,6 €	-54.2%	1,5 k €	-28.6%	2,2 k €	-33.4%	3,3 k €	-47.8%	6,2 k €	-97.9%	302,6 k €	-78.9%	1,4 M €	-33.9%	2,2 M €	+13659%	15,7 k €	-97.4%	602,7 k €	+6763%	8,8 k €	+16.9%	7,5 k €	-56.3%	17,2 k €	-86.1%	123,3 k €	-27.8%	170,9 k €	+7.0%	159,8 k €
Debts	7,1 k €	-43.9%	12,7 k €	+28.7%	9,9 k €	+89.8%	5,2 k €	+24.4%	4,2 k €	+1.3%	4,1 k €	+1.5%	4,1 k €	-92.0%	50,9 k €	+39.7%	36,4 k €	-93.8%	586,4 k €	-68.8%	1,9 M €	-88.3%	16 M €	-38.7%	26,1 M €	+13.2%	23,1 M €	-15.1%	27,2 M €	+3024%	869,1 k €	-24.1%	1,1 M €	-80.2%	5,8 M €	-40.5%	9,7 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 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 · 24 ended

Active mandates

August Verdonck

Director · since 13 mai 2022 · until 13 mai 2028

Active

Dirk Hooybergs

Director · since 13 mai 2022 · until 13 mai 2028

Active

Ended mandates

August Verdonck

Director · since 15 novembre 2019 · until 13 mai 2022

Ended

August Verdonck

Director · since 15 novembre 2019 · until 26 mai 2022

Ended

Dirk Hooybergs

Director · since 23 mai 2016 · until 13 mai 2022

Ended

Dirk Hooybergs

Director · since 23 mai 2016 · until 26 mai 2022

Ended

At this address

Other companies at this address

Company	CBE no.
CLdN● Active	0404.507.420
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	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	18/06/2026	05/08/2025	30/08/2024	01/06/2023	23/05/2022	31/05/2021
General meeting	29/05/2026	30/05/2025	24/05/2024	05/05/2023	13/05/2022	07/05/2021
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
Abridged model	31/12/2025	29/05/2026	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	05/08/2025	Dutch	PDF
Abridged model	31/12/2023	24/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	05/05/2023	01/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/05/2022	23/05/2022	Dutch	PDF
Abridged model	31/12/2020	07/05/2021	31/05/2021	Dutch	PDF
Abridged model	31/12/2019	08/05/2020	03/06/2020	Dutch	PDF
Abridged model	31/12/2018	05/04/2019	30/04/2019	Dutch	PDF
Abridged model	31/12/2017	04/05/2018	29/05/2018	Dutch	PDF
Abridged model	31/12/2016	26/04/2017	24/05/2017	Dutch	PDF
Full model	31/12/2015	23/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	24/04/2015	04/05/2015	Dutch	PDF
Full model	31/12/2013	28/04/2014	09/05/2014	Dutch	PDF
Full model	31/12/2012	29/04/2013	21/05/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	22/06/2012	Dutch	PDF
Full model	31/12/2010	26/05/2011	20/06/2011	Dutch	PDF
Full model	31/12/2009	27/05/2010	04/06/2010	Dutch	PDF
Full modelCorrection	31/12/2008	28/05/2009	29/07/2009	Dutch	PDF
Full model	31/12/2008	28/05/2009	03/06/2009	Dutch	PDF
Full model	31/12/2007	29/05/2008	06/06/2008	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 · 24 ended

Active mandates

August Verdonck

Director · since 13 mai 2022 · until 13 mai 2028

Active

Dirk Hooybergs

Director · since 13 mai 2022 · until 13 mai 2028

Active

Ended mandates

August Verdonck

Director · since 15 novembre 2019 · until 13 mai 2022

Ended

August Verdonck

Director · since 15 novembre 2019 · until 26 mai 2022

Ended

Dirk Hooybergs

Director · since 23 mai 2016 · until 13 mai 2022

Ended

Dirk Hooybergs

Director · since 23 mai 2016 · until 26 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares28/10/2025
KAPITAAL - AANDELEN
PDF
Mandates11/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates10/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2016
MAATSCHAPPELIJKE ZETEL - 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 202569,2 k €↓
2024
Annual accounts 2024110,6 k €↓
2023
Annual accounts 2023141,1 k €↑
2022
Annual accounts 202225,8 k €↑
2021
Annual accounts 202117,2 k €↑
2020
Annual accounts 20207,6 k €↓
2019
Annual accounts 2019373,5 k €↑
2018
Annual accounts 201839 k €↓
2017
Annual accounts 2017159,7 k €↑
2016
Annual accounts 2016-51,4 k €↓
2015
Annual accounts 2015609,6 k €↓
2014
Annual accounts 20144 M €↑
2013
Annual accounts 2013652,2 k €↑
2012
Annual accounts 2012136,4 k €↑
2011
Annual accounts 20118,3 k €↓
2010
Annual accounts 2010485 k €↑
2009
Annual accounts 2009-2,7 M €↑
2008
Annual accounts 2008-6,9 M €↑
2007
Annual accounts 2007-7,2 M €
04/06/2007
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

C.Bulk

Overview

What does C.Bulk do?

Trend over 19 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