CLdN Cargo
ActiveFrom the official registers: KBO 24 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of CLdN Cargo is 3.8% (moderate). The 2025 annual accounts show negative equity (-€5.1m) and a net result of -€11.2m. Equity has been shrinking by about 6.4% per year since 2018. Its solvency ranks better than 7% of 861 sector peers (NACE 52, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 20-07-2001 Normal situation
- Activity
- Warehousing and support activities for transportation NACE 52249and 1 other
- Establishment units
- 2.100.441.958 8380 Brugge, since 06-09-2001
- 2.274.876.662 2610 Antwerpen, since 26-03-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Board and ownership
- Michel CigrangDirector · since 05-05-2023
- MELIORDirector · since 01-01-2024 · permanent representative Stijn Gheyle
- Navira vofDirector · permanent representative Florent Maes
- Auditor
- RSM INTERAUDIT
- CLDN LINKS SA (neergelegd door CLdN nv)consolidatesannual accounts 2025
- Holdings
- Shares in 1 company COBELFRET TRAILERS
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.8%
- Turnover
- €170.7m
- ▲ 29.1%
- Loss
- €11.2m
- ▲ 67.5%
- Equity
- -€5.1m
- Total assets
- €41.1m
- ▲ 24.2%
- Staff
- 97.9 FTE
- ▲ 10.4%
Score breakdownraises riskNegative equity -€5.1mLoss of €11.2m, the second in a row (financial year 2025)Liquidity: current ratio 0.73, cash €224,656Sector: Warehousing and support activities for transportation (NACE 52)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 52, medium-sized). It does better than 6% of them on solvency, 5% on liquidity, 1% on profitability and 48% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€5.1m View
- Risk: 3 loss-making years in a rowloss in financial year 2025 -€11.2m View
- Caution: Lower net result than 95% of companies in warehousing and transport supportsector median €109,676 · 854 companies -€11.2m View
- Caution: Result fell in 2025from -€6.7m to -€11.2m ▼ 67.5% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- A director leftlatest change 17-06-2026 · 3 in office 1 left View
Comparable companies
These companies have the same main activity as CLdN Cargo: warehousing and support activities for transportation (NACE 52249). They are comparable in size and age: total assets between €14m and €83m, founded between 1985 and 2006.
| Company | Total assets | Turnover |
|---|---|---|
| CLdN Cargo Brugge | €41.1m | €170.7m |
| CSP ZEEBRUGGE TERMINAL Brugge | €58.9m | €47.9m |
| LYRECO BENELUX Herstal | €56.5m | €206.4m |
| WEERTS SUPPLY CHAIN Tongeren-Borgloon | €56.8m | €67.4m |
| TABAKNATIE Antwerpen | €82.9m | €110.2m |
| TRANSUNIVERSE Forwarding Gent | €14.3m | €69.9m |
| GLS Belgium Distribution Drogenbos | €71.0m | €75.0m |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 17-06-2026
- Annual accounts 2024filed on 16-06-2025
- Annual accounts 2023filed on 04-06-2024
- Annual accounts 2022filed on 26-05-2023
Acts in the Belgian Official Gazette
- Reappointments: Navira vof (director) and RSM InterAudit (statutory auditor)act of 27-10-2026
- Resignations & appointmentsact of 28-07-2026
- Capital & sharesact of 30-06-2026
- Resignations & appointmentsact of 13-12-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about CLdN Cargo
- What is the company number of CLdN Cargo?
- The company number of CLdN Cargo is 0475.233.187. The VAT number is the same number with BE in front: BE 0475.233.187.
- Where is CLdN Cargo based?
- The registered office is at Alfred Ronsestraat 100, 8380 Brugge.Company details
- What does CLdN Cargo do?
- According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
- What is the legal form of CLdN Cargo?
- The legal form of CLdN Cargo is Public limited company (NV).
- When was CLdN Cargo founded?
- CLdN Cargo was founded on 20-07-2001.
- Is CLdN Cargo still active?
- Yes, CLdN Cargo is an active enterprise in the KBO register.
- How many employees does CLdN Cargo have?
- CLdN Cargo had an average of 97.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CLdN Cargo?
- The turnover of CLdN Cargo was €170.7m in financial year 2025, according to the filed annual accounts.
- Is CLdN Cargo profitable?
- In financial year 2025, CLdN Cargo made a loss of €11.2m.
- Where can I find the annual accounts of CLdN Cargo?
- CLdN Cargo filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of CLdN Cargo due?
- CLdN Cargo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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