Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 44.3 to 38.
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Busy address KBO
50 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge from Antwerpen, company number BE0404535431, closed financial year 2025 with a result of € 11.9 million after tax. For that financial year Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge recorded revenue of € 96.2 million and equity of € 1.6 billion. Compared with financial year 2024, the result moved from € 895.3 million to € 11.9 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 1.6 billion
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.9 million
▼ 99% vs 2024
Profit after tax over the fiscal year.
€ 6 million
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 21 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
38
▼ 4.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.1 million
▲ 4% vs 2024
€ 186,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 62,033
▲ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 726.6 million
▲ 1% vs 2024
€ 95.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 12.7 million
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 2.8 million
▲ 259% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 193,769,065 | € 120,085,483 | € 94,593,008 | € 96,210,491 | ▲ 2% |
| Profit after taxes | € 265,604,596 | € 294,997,990 | € 895,273,676 | € 11,929,947 | ▼ 99% |
| Equity | € 617,429,053 | € 661,104,168 | € 1,571,377,844 | € 1,562,307,791 | ▼ 1% |
| Total debts | € 956,774,445 | € 1,899,297,479 | € 741,828,654 | € 755,141,743 | ▲ 2% |
| Cash | € 57,048,887 | € 53,521,594 | € 10,102,716 | € 5,999,313 | ▼ 41% |
| Retained profit | € 515,274,513 | € 558,949,628 | € 1,454,223,304 | € 1,445,153,251 | ▼ 1% |
| Dividend | € 0 | € 242,828,376 | € 0 | € 21,000,000 | |
| Bank debt | € 754,032,481 | € 1,790,182,388 | € 721,298,346 | € 726,567,783 | ▲ 1% |
| Balance sheet total | € 1,574,454,304 | € 2,560,467,647 | € 2,313,939,185 | € 2,317,515,534 | |
| Employees (FTE) | 37.8 | 44.3 | 42.8 | 38 | ▼ 4.8 |
Key figures of Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge?
What happened at Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ludovic Saverys stepped down as director. NBB
- Blacksquare BV stepped down as director. NBB
- Debemar bv stepped down as director. NBB
- Michaël Saverys stepped down as director. NBB
- Mavecom bv stepped down as director. NBB
- Alexander Saverys stepped down as director. NBB
- Jalcos nv stepped down as director. NBB
- NV Buchai SA NV stepped down as director. NBB
In short
From € 265.6 million profit in 2022 to € 11.9 million profit in 2025.
Paid € 734,214 in corporate taxes since 2022.
Best year ever: 2024, with € 895.3 million profit.
Paid out € 263.8 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Saverco NV (100%). It owns 100% of Bocimar International, 100% of Bocimar Hong Kong, 100% of MCA Facilities, 100% of Sakura International K.K. and 81.2% of CMB.TECH nv itself.
Directors
According to the 2025 annual accounts
Director · represented by Maxime Van Eecke
since 2024 · until 2027
Alexander Saverys
Managing director
Also active at: KONINKLIJKE ATLETIEKASSOCIATIE GENT, SAVERCO, MCA Facilities, HOF TER POLDER, WALBOS, Vivier du Chevalier, Gantoise Dunant, BREDEAU +11 more
since 2024 · until 2027
Ludovic Saverys
Director
Also active at: SAVERCO, SUCCAVEST, MITISKA REAL ESTATE INVESTMENT MANAGEMENT, BOCIMAR INTERNATIONAL, BREDEAU, H2 Infra, Stichting Onze-Lieve-Vrouw Pulhof, A La Marine +5 more
since 2025 · until 2028
since 2025 · until 2028
since 2025 · until 2028
since 2025 · until 2028
Director · represented by Ludwig Criel
Also active at: TL INTERNATIONAL, EUTRACO Holding, M&M Management, WEAREONE.world
since 2024 · until 2027
Chairman of the board · represented by Marc Saverys
since 2024 · until 2027
Shareholders
100%
Participations
Bocimar Hong Kong
100%
100%
Sakura International K.K.
100%
81.2%
Establishments
Establishment units
Physical locations of this company
De Gerlachekaai 20
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 50 companies are registered at this address.
All companies at this address →INTERNATIONAAL MARITIEM AGENTSCHAP
€ 370,264 revenue · 2021
EXMAR MARINE
Inspiratus Europe
€ 641,213 revenue · 2023
SAVERCO same network
€ 1.8 million revenue · 2025
MCA Facilities same network
€ 827,164 gross margin · 2025
+45 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.535.431
- VAT number
- BE 0404.535.431
- Registered office
- De Gerlachekaai 20, 2000 Antwerpen
- Names & denominations
- Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge · CMB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 1895
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van hoofdkantoren
Managementactiviteiten van holdings
Activiteiten van holdings
Zee- en kustvaart
Holdings
Goederenvervoer over zee- en kustwateren