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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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Combined Marine Terminal Operations Worldwide from Beveren-Kruibeke-Zwijndrecht, company number BE0830767188, closed financial year 2025 with a result of € -1.3 million after tax. For that financial year Combined Marine Terminal Operations Worldwide recorded revenue of € 2.5 million and equity of € 6.5 million. Compared with financial year 2024, the result moved from € 739,382 to € -1.3 million. 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 5, 2026.
€ 6.5 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▼ still € 739,382 profit in 2024
Profit after tax over the fiscal year.
€ 329,478
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.5 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 273,824
▼ 19% vs 2024
€ 273,800 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.
Debts at end 2025
€ 17.5 million
▲ 48% vs 2024
€ 3.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 952,315
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 139 days on average.
€ 68,547
▲ 79% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,198,071 | € 1,177,785 | € 1,445,988 | € 2,493,076 | ▲ 72% |
| Profit after taxes | € 794,758 | € -776,581 | € 739,382 | € -1,259,843 | ▼ € 2 million |
| Equity | € 7,840,086 | € 7,063,505 | € 7,802,887 | € 6,543,043 | ▼ 16% |
| Total debts | € 15,320,439 | € 13,945,833 | € 12,881,864 | € 18,645,407 | ▲ 45% |
| Cash | € 859,011 | € 912,272 | € 2,129,907 | € 329,478 | ▼ 85% |
| Retained profit | € 4,840,086 | € 4,063,505 | € 4,802,887 | € 3,543,043 | ▼ 26% |
| Bank debt | € 14,182,183 | € 12,150,903 | € 11,870,291 | € 17,516,448 | ▲ 48% |
| Balance sheet total | € 23,205,972 | € 21,048,776 | € 20,730,035 | € 25,233,735 | ▲ 22% |
| Employees (FTE) | 2 | 1.3 | 1 | 1 |
Key figures of Combined Marine Terminal Operations Worldwide, 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 Combined Marine Terminal Operations Worldwide?
What happened at Combined Marine Terminal Operations Worldwide in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CHRISTOPHER IWENS stepped down as director. NBB
- STEVEN POPPE stepped down as director. NBB
- BENNY DE SUTTER stepped down as director. NBB
- LEENDERT MULLER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.3 million (▼ € 2 million vs 2024). Source: NBB ↗
- CHRISTOPHER IWENS became a director. NBB
- STEVEN POPPE became a director. NBB
- BENNY DE SUTTER became a director. NBB
In short
From € 794,758 profit in 2022 to € 1.3 million loss in 2025.
Paid € 753,924 in corporate taxes since 2022.
Best year ever: 2022, with € 794,758 profit.
Pays suppliers within 139 days on average.
A new publication or filing at Combined Marine Terminal Operations Worldwide? We notify you, reason included.
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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 Dredging International NV (33.8%), Herbosch-Kiere NV (25%), Muller Participations BV (20.6%) and Baggerwerken Decloedt & Zoon NV (20.6%). It owns 69.3% of Combined Marine Terminal Operations - Marafi and 39% of Combined Marine Terminal Operators Nigeria itself.
Directors
According to the 2025 annual accounts
STEVEN POPPE
Director
since 2022 · until 2028
BENNY DE SUTTER
Director
since 2022 · until 2028
since 2024 · until 2030
LEENDERT MULLER
Director
since 2022 · until 2028
Shareholders
Muller Participations BV
20.6%
Participations
Combined Marine Terminal Operations - Marafi
69.3%
Combined Marine Terminal Operators Nigeria
39%
Establishments
Establishment units
Physical locations of this company
Scheldedijk 30
2070 Beveren-Kruibeke-Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →LOGIMARINE
€ 395,401 gross margin · 2025
DREDGING, ENVIRONMENTAL & MARINE ENGINEERING
€ 21.7 million revenue · 2025
DEME BEDIENDEN SOLIDARITEITSFONDS
DREDGING INTERNATIONAL same network
€ 731.2 million revenue · 2025
DEME Environmental
€ 165.8 million revenue · 2025
+44 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
TELEHOUSE-AS, BG
Website info
Features
Security
Details
- Company number
- 0830.767.188
- VAT number
- BE 0830.767.188
- Registered office
- Scheldedijk 30, 2070 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Combined Marine Terminal Operations Worldwide · CTOW
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 2010
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- ctow.be
- Activities · NACE
Diensten in verband met vervoer over water
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