Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 66 to 43.3.
Financials
Financial year 2025
CLdN Ferries from Brugge, company number BE0413127453, closed financial year 2025 with a result of € 9.7 million after tax. For that financial year CLdN Ferries recorded revenue of € 13.5 million and equity of € 25.2 million. Compared with financial year 2024, the result moved from € 97.8 million to € 9.7 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 June 10, 2026.
€ 25.2 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.7 million
▼ 90% vs 2024
Profit after tax over the fiscal year.
€ 15,766
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
43.3
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.1 million
▼ 7% vs 2024
€ 95,800 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.
€ 4.5 million
▼ 66% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.9 million
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 213 days on average.
€ 4,094
▼ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,961,518 | € 15,539,961 | € 12,654,374 | € 13,497,932 | ▲ 7% |
| Profit after taxes | € 5,353,908 | € 20,493,932 | € 97,786,036 | € 9,700,606 | ▼ 90% |
| Equity | € 25,189,294 | € 25,163,225 | € 25,449,261 | € 25,199,866 | ▼ 1% |
| Total debts | € 15,589,130 | € 25,908,776 | € 6,205,406 | € 16,945,623 | ▲ 173% |
| Cash | € 44,430 | € 151,407 | € 253,951 | € 15,766 | ▼ 94% |
| Land & buildings | € 1,954,029 | € 1,563,223 | € 1,172,417 | € 781,612 | ▼ 33% |
| Retained profit | € 20,189,294 | € 20,163,225 | € 20,449,261 | € 20,199,866 | ▼ 1% |
| Dividend | € 5,700,000 | € 20,520,000 | € 97,500,000 | € 9,950,000 | ▼ 90% |
| Bank debt | € 4,888,956 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 40,778,424 | € 51,072,002 | € 31,654,667 | € 42,145,490 | ▲ 33% |
| Employees (FTE) | 66 | 66 | 44.1 | 43.3 | ▼ 0.8 |
Key figures of CLdN Ferries, 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 CLdN Ferries?
What happened at CLdN Ferries in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Navira vof stepped down as director. NBB
- Gary Walker stepped down as director. NBB
- Trango bv stepped down as director. NBB
- Shipconsult vof stepped down as director. NBB
- Dirk Hooybergs stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.7 million (▼ 90% vs 2024). Source: NBB ↗
- Shipconsult vof became a director. NBB
- Navira vof became a director. NBB
In short
From € 5.4 million profit in 2022 to € 9.7 million profit in 2025.
Paid € 42,894 in corporate taxes since 2022.
Best year ever: 2024, with € 97.8 million profit.
Paid out € 133.7 million in dividends to the owners in total.
Management
The stake of CLdN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CLdN FerriesThe shares are held by CLdN (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Florent Maes
Also active at: CLdN, Cobelfret, CLdN Ports Zeebrugge, CLdN Tech, CLdN RoRo Agencies, CLdN IT Applications, CLdN Cargo
since 2023 · until 2029
since 2023 · until 2029
Director · represented by Joost Rubens
Also active at: CLdN, CLdN Ports Zeebrugge, CLdN Tech, CLdN RoRo Agencies, C. Legal
since 2023 · until 2029
since 2024 · until 2029
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hendrik van Minderhoutstraat 50
8380 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CLdN same network
€ 1.4 million revenue · 2025
CLdN Ports Zeebrugge same network
€ 102.5 million revenue · 2025
CLdN Tech same network
€ 3.9 million gross margin · 2025
CLdN RoRo Agencies same network
€ 5 million gross margin · 2025
C.Bulk same network
€ -7,366 gross margin · 2025
+3 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
- 0413.127.453
- VAT number
- BE 0413.127.453
- Registered office
- Hendrik van Minderhoutstraat 50, 8380 Brugge
- Names & denominations
- CLdN Ferries
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 1973
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Goederenvervoer over zee- en kustwateren
Zee- en kustvaart