CMB.TECH

Active

Public limited companyfounded 200323 yrs activeDe Gerlachekaai 20, 2000 Antwerpen, BelgiumKBO/BCE: BE 0860.402.767

Summary

CMB.TECH has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.12bn and a net result of €779.3m. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch Report Compare

CMB.TECHActiveChecked score 83/100

Risk analysis Report Compare

Activity

Water transport

NACE 50200Wired, wireless and satellite telecommunications NACE 61100

#1 company by total assets in Belgium, Water transport sector1 site

Size

€637.5mturnover 2024

Staff: 47.4 FTE
Equity: €2.12bn
Profit: €779.3m

Financial health

83 Excellent Checked score 2024

Bankruptcy chance 12 m: 0.5%

Structure

Parent: Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge · 81.23%
Board: 9 members
Holdings: 4

Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESAccounts 52 d early85 of 86 deeds read

Why 83- Figures for FY 2024 (filed 13-06-2025)- Liquidity: current ratio 1.75, cash €17.0m, halved+ Equity €2.12bn (60.5% of total assets)+ Sector Water transport (NACE 50)Show the evidence

Checked score

Score 2024

83 / 100

Excellent

Probability in this band: under 0.55%

Better than 52% of its sector peers (NACE 50, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Strong

Solvency 86-13

equity 60.5% of total assets

Liquidity 51-4

short-term debt 7.4% · cash 0.5%

Profitability 98-2

return on assets 22.2%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (75 companies)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%▼ -3.9% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: 0.1%▲ +4.1% vs 03-2025 05-2025: 0.1%▲ +5.9% vs 04-2025 06-2025: 0.1%▲ +5.6% vs 05-2025 07-2025: 0.1%▲ +71.9% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%▼ -1.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.1% vs 01-2026 03-2026: 0.1%▲ +2.2% vs 02-2026 04-2026: 0.1%▲ +9.5% vs 03-2026 05-2026: 0.1%▲ +5.8% vs 04-2026 06-2026: 0.1%▲ +2.7% vs 05-2026 07-2026: 0.1%● 0.0% vs 06-2026 08-2026: 0.2%▲ +97.3% vs 07-2026 09-2026: 0.3%▲ +28.7% vs 08-2026 10-2026: 0.5%▲ +64.1% vs 09-2026highest value

Figures for FY 2024 (filed 13-06-2025) raises the probability
Liquidity: current ratio 1.75, cash €17.0m, halved raises the probability
Equity €2.12bn (60.5% of total assets) lowers the probability
Sector Water transport (NACE 50) lowers the probability

Credit up to €63,750,000 at 30 days acceptable

Liquidity ample (current ratio 1.75 against 1.94 in 2023; short-term debt: 7.4% and cash: 0.5% of total assets), and 39.5% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 50, small). Better than this share of them on solvency 67%, liquidity 41%, profitability 91%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 13-06-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Liquidity: current ratio 1.75, cash €17.0m, halved

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €2.12bn (60.5% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Sector Water transport (NACE 50)

In the bankruptcy model this factor lowers the probability.

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

52 d early

2024

57 d early

2023

57 d early

2022

41 d early

2021

12 d early

2020

9 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

14-08-26 Resignation: Blacksquare BV (member of the…Permanent representative: Benoît Timmermans
24-06-26 Reappointment: BDO Bedrijfsrevisoren (statutory auditor)Power of attorney · Declaration
09-06-26 Annual accounts filedfiscal year 2025 · full…

Key points

Positive: Company by total assets in Belgium, Water transport…in the Checked rankings #1 View
Caution: Turnover fell in 2024from €1.16bn to €637.5m ▼ 44.8% View
Controlled by Belgische Scheepvaartmaatschappij-Compagnie Maritime Belgeultimately: SAVERCO 81.23% View
EU supportawarded 2022 - 2024 €728,456 View
A director leftlatest change 01-05-2026 · 9 in office 1 left View
Positive: Always filed on timeaccounts within the deadline every year 5 years View