Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
CFL cargo Belgium from Antwerpen, company number BE0478956207, closed financial year 2025 with a result of € -48,210 after tax. For that financial year CFL cargo Belgium recorded a gross margin of € 1.3 million and equity of € 171,181. Compared with financial year 2024, the result moved from € -41,408 to € -48,210. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 171,181
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,210
▼ 16 % more loss than in 2024
Profit after tax over the fiscal year.
€ 521,830
▲ 235% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -78,819.
People and assets in 2025
10.5
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 20% vs 2024
€ 123,300 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 336,761
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 295,425
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 305,476 | € 669,493 | € 1,021,460 | € 1,264,373 | ▲ 24% |
| Profit after taxes | € -69,355 | € -131,930 | € -41,408 | € -48,210 | ▼ € 6,802 |
| Equity | € 392,729 | € 260,799 | € 219,391 | € 171,181 | ▼ 22% |
| Total debts | € 1,154,597 | € 1,250,270 | € 842,484 | € 632,186 | ▼ 25% |
| Cash | € 471,275 | € 861,965 | € 155,696 | € 521,830 | ▲ 235% |
| Retained profit | € 142,729 | € 10,799 | € -30,609 | € -78,819 | ▼ € 48,210 |
| Balance sheet total | € 1,547,326 | € 1,511,069 | € 1,061,875 | € 803,367 | ▼ 24% |
| Employees (FTE) | 4.5 | 6 | 9.4 | 10.5 | ▲ 1.1 |
Key figures of CFL cargo Belgium, 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 CFL cargo Belgium?
What happened at CFL cargo Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maximilien Michel Claude Solvi stepped down as director. NBB
- Rocco Brondeau stepped down as director. NBB
- Sébastien Hoffmann stepped down as director. NBB
- New establishment in Mons. KBO
- New annual accounts for financial year 2025: loss of € 48,210. Source: NBB ↗
- New establishment in Tournai. KBO
- Maximilien Michel Claude Solvi became a director. NBB
- Laurent Erhard stepped down as director. NBB
In short
From € 69,355 loss in 2022 to € 48,210 loss in 2025.
Paid € 4,828 in corporate taxes since 2022.
On average € 120,400 of value added per employee in 2025.
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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 CFL Cargo (100%).
Directors
According to the 2025 annual accounts
Maximilien Michel Claude Solvi
Director
since 2025 · until 2031
Laurent Erhard
Director
since 2020 · until 2025
Barbara Chevalier
Director
since 2020 · until 2025
Rocco Brondeau
Director
since 2025 · until 2031
Marc Kennel
Director
since 2020 · until 2025
Sébastien Hoffmann
Director
since 2025 · until 2031
Shareholders
CFL Cargo
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Scheldelaan 800
2040 Antwerpen
Place des Martyrs - ATHUS 1
6791 Aubange
Active since 1 March 2023
Rue du Canon(VAU) 69
7536 Tournai
Active since 1 June 2026
Chemin du Pont d'Haine(O) 34
7034 Mons
Active since 1 September 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.956.207
- VAT number
- BE 0478.956.207
- Registered office
- Scheldelaan 800, 2040 Antwerpen
- Names & denominations
- CFL cargo Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 December 2002
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Logistieke diensten
Expeditiekantoren
Goederenvervoer over de weg
Overige vervoerondersteunende activiteiten