Financials
- Financial year
- 2025
- Turnover
- €126.4m
- Profit
- €14.1m
- Solvency
- 67.2%
Turnover▲ 0.9%
Net result
20182025
CID LINES
ActiveSummary
CID LINES has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65.3m and a net result of €14.1m. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 71% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Manufacture of chemicals and chemical products
NACE 20411Manufacture of chemicals and chemical products NACE 20412
Largest company by equity in West Flanders, Chemicals sector3 sites
Size
€126.4mturnover 2025
- Staff
- 161.9 FTE
- Equity
- €65.3m
- Profit
- €14.1m
Structure
- Parent
- CID LINES HOLDING · 100%
- Holdings
- 3
- Matthias ArnoldManaging director
- Stefan NatenManaging director
Accounts 35 days early9 of 42 deeds read
Why 97lowers riskLiquidity: current ratio 2.39, cash €30.8mFounded in 1988Size: turnover €126.4m, 161.9 FTE, total assets €97.1mEquity €65.3m (67.2% of total assets)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 80% of its sector peers (NACE 20, medium-sized)
Financial strength · tick = 2024
Strong
Solvency
92+10
equity 67.2% of total assets
Liquidity
76+2
short-term debt 32.3% · cash 31.8%
Profitability
84+3
return on assets 14.5%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● unchanged vs 11-2024
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025highest value
10-2025: < 0.1%● unchanged vs 09-2025highest value
11-2025: < 0.1%● unchanged vs 10-2025highest value
12-2025: < 0.1%● unchanged vs 11-2025highest value
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €6,300,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.39, compared with 1.82 in 2024, above the usual 1.5; short-term debt: 32.3% and cash: 31.8% of total assets), and 32.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, medium-sized): better than 73% on solvency, 90% on liquidity, 87% on profitability and 69% on growth.
The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 26-05-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
40 days early
2023
38 days early
2022
48 days early
2021
44 days early
2020
49 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 21 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
21-10-2026 today30-11-2026 year end30-06-2027 deadline
- Resignation: Veerle Van Wichelen (director)Appointment: Stefan Naten (director) ·…
- Annual accounts filedfinancial year 2025 · full…
- Resignation: Pascal Jaouen (director)Appointment: Matthias Arnold (director) ·…
Key points
- Caution: Board changedlatest change 01-09-2026 · 2 in office 2 joined · 2 left View
- Positive: Largest company by equity in West Flanders, Chemicals sectorin the Checked rankings No. 1 View
- Positive: 7 years of growth in a rowturnover 2025: €126.4m 7 years View
- Positive: Result rose in 2025from €9.1m to €14.1m ▲ 54.4% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Controlled by CID LINES HOLDINGthe company in turn controls 3 companies 100% View
- Flemish supportawarded from 2022 to 2025 €368,049 View
By topic
Board & ownership
- Board
- 2 members
- Parent
- CID LINES HOLDING · 100%
- Matthias ArnoldManaging director
- Stefan NatenManaging director
Network & group
- Subsidiaries
- 3
3 subsidiaries
Timeline
- Events
- 51
- Since
- 1990
- Next accounts
- by 30-06-2027
- 17-11-2025Capital & shares
- 24-06-2025Resignations & appointments
- 21-05-2025Annual accounts filed
Company details
- Sites
- 3
- Legal form
- Public limited company
- Activity
- Manufacture of chemicals and chemical productsNACE 20411
- Founded
- 28-11-1988
- Year ends
- 30-11
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- “De fabricatie en voortbrengen van reinigings- en ontsmettingsmiddelen; De aan- en verkoop…” (deed in Dutch)
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.