CSP ZEEBRUGGE TERMINAL
ActiveCSP ZEEBRUGGE TERMINAL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4.66M) and a net result of €-10.78M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 649 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
17
/ 100
Critical▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+23
Solvency50▲+40
Growth55▼-30
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.24 against 0.66 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
192021232425
2019 to 2025 · latest year -€4.7M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
27 d early
2023
37 d early
2022
12 d early
2021
40 d early
2020
18 d late
2019
59 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€47.94M▲ 18.6%
2024 · €40.40M
2019: €17.49M
2020: €25.09M
2021: €42.75M
2023: €44.14M
2024: €40.40M
2019 → 2025
EBIT margin
-19.2%▼ 7.4pp
2024 · -11.8%
2019: -57.4%
2020: -14.6%
2021: 11.1%
2023: -0.4%
2024: -11.8%
2019 → 2025
Net result
€-10.78M▼ 48.7%
2024 · €-7.25M
2019: €-10.46M
2020: €-4.09M
2021: €3.95M
2023: €-2.03M
2024: €-7.25M
2019 → 2025
Working capital
€2.65M
2024 · €-7.87M
2019: €5.19M
2020: €4.45M
2021: €7.41M
2023: €-17.89M
2024: €-7.87M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Turnover€25.09M-€42.75M▲ 70.4%€44.14M▲ 3.3%€40.40M▼ 8.5%€47.94M▲ 18.6%
Equity€-3.92M-€4.41M€13.45M▲ 205%€6.16M▼ 54.2%€-4.66M
Operating result€-3.67M-€4.73M€-190k€-4.76M▼ 2,403%€-9.19M▼ 93.2%
Net result€-4.09M-€3.95M€-2.03M€-7.25M▼ 257%€-10.78M▼ 48.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9.19M in 2025 against €4.76M in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58.85M
Fixed assets
€45.21M▼ 8.7%
Current assets
€13.64M▼ 9.4%
Key figures and ratios
EBITDA
€-1.77M▼
2024 · €2.51M
Cash flow
€-3.35M▼
2024 · €21k
Solvency
-7.9%▼
2024 · 9.5%
Current ratio
1.24▲
2024 · 0.66
Quick ratio
1.00▲
2024 · 0.54
Debt / equity
-13.57▼
2024 · 9.45
ROE
231.5%▲
2024 · -117.7%
ROA
-18.3%▼
2024 · -11.2%
Interest coverage
-1.10▼
2024 · 1.01
Debt
€63.17M▲
2024 · €58.20M
Debt ≤ 1 year
€10.99M▼
2024 · €22.93M
Debt > 1 year
€47.00M▲
2024 · €29.50M
Income taxes
€6k▲
2024 · €6k
Staff costs
€10.25M▲
2024 · €9.28M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€64.60M€58.85M▼
Fixed assets21/28€49.54M€45.21M▼
Intangible fixed assets21€8k€238k▲
Tangible fixed assets22/27€49.54M€44.89M▼
Land and buildings22€10.32M€15.71M▲
Plant, machinery and equipment23€31.28M€26.97M▼
Furniture and vehicles24€98k€141k▲
Other tangible fixed assets26€347k€581k▲
Assets under construction and advance payments27€7.49M€1.49M▼
Financial fixed assets28-€80k
Other financial fixed assets284/8-€80k
Amounts receivable and cash guarantees285/8-€80k
Current assets29/58€15.06M€13.64M▼
Stocks and contracts in progress3€2.74M€2.68M▼
Stocks30/36€2.74M€2.68M▼
Raw materials and consumables30/31€2.74M€2.68M▼
Amounts receivable within one year40/41€7.33M€4.84M▼
Trade receivables40€6.85M€4.24M▼
Other amounts receivable41€481k€598k▲
Cash at bank and in hand54/58€4.69M€5.87M▲
Deferred charges and accrued income490/1€295k€245k▼
Equity and liabilities
Total equity and liabilities10/49€64.60M€58.85M▼
Equity10/15€6.16M€-4.66M▼
Contributions10/11€112.70M€112.70M=
Capital10€42.70M€42.70M=
Issued capital100€42.70M€42.70M=
Outside capital11€70.00M€70.00M=
Share premium1100/10€70.00M€70.00M=
Profit (loss) carried forward14€-106.80M€-117.58M▼
Investment grants15€260k€222k▼
Provisions and deferred taxes16€241k€334k▲
Provisions for liabilities and charges160/5€241k€334k▲
Other liabilities and charges164/5€241k€334k▲
Amounts payable17/49€58.20M€63.17M▲
Amounts payable after more than one year17€29.50M€47.00M▲
Financial debts170/4€29.50M€47.00M▲
Other loans174€29.50M€47.00M▲
Amounts payable within one year42/48€22.93M€10.99M▼
Current portion of amounts payable after more than one year42€15.00M-
Trade debts44€6.06M€8.34M▲
Suppliers440/4€6.06M€8.34M▲
Advances received on contracts in progress46-€631k
Taxes, remuneration and social security45€1.87M€2.01M▲
Taxes450/3€233k€99k▼
Remuneration and social security454/9€1.64M€1.91M▲
Accrued charges and deferred income492/3€5.77M€5.19M▼
Income statement
Code20242025
Operating income70/76A€41.85M€48.27M▲
Turnover70€40.40M€47.94M▲
Other operating income74€1.45M€335k▼
Operating charges60/66A€46.61M€57.47M▲
Goods for resale, raw materials and consumables60€1.50M€1.71M▲
Purchases600/8€1.63M€1.65M▲
Change in stocks: decrease (increase)609€-134k€60k▲
Services and other goods61€28.39M€37.63M▲
Remuneration, social security and pensions62€9.28M€10.25M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.27M€7.43M▲
Other operating charges640/8€175k€442k▲
Operating profit (loss)9901€-4.76M€-9.19M▼
Financial income75/76B€44k€50k▲
Recurring financial income75€44k€50k▲
Other financial income752/9€44k€50k▲
Financial charges65/66B€2.53M€1.63M▼
Recurring financial charges65€2.53M€1.63M▼
Debt charges650€2.50M€1.60M▼
Other financial charges652/9€31k€28k▼
Profit (loss) for the period before taxes9903€-7.24M€-10.77M▼
Income taxes67/77€6k€6k▲
Taxes670/3€6k€6k▲
Profit (loss) for the period9904€-7.25M€-10.78M▼
Profit (loss) for the period to be appropriated9905€-7.25M€-10.78M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-106.80M€-117.58M▼
Profit (loss) brought forward from the previous period14P€-99.55M€-106.80M▼
Social balance
Average headcount (FTE)908784.795.1▲
The notes to these accounts (64 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-10.78M
Net result drops to €-10.78M, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €10MEq €13.45M ▲205%
Equity rises from €4.41M to €13.45M.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €3.95M
Net result €3.95M after 2 loss-making years.
31-12
Financial
Equity above €2MEq €4.41M
Equity rises from €-3.92M to €4.41M.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-09-2025
LEUNG Tak Chiu: Resigned as Director
02-09-2025
ZHAO Fengnian: Resigned as Director
31-08-2024
Laurent Martens: Resigned as Director
09-07-2024
Zhu Tao: Resigned as Director
05-04-2024
Liu Peng: Resigned as Director
05-04-2024
Liu Peng: Resigned as Managing director
01-09-2022
Deng Huangjun: Resigned as Director
01-09-2022
Zhang Dayu: Resigned as Director
01-09-2022
Zhou Lan: Resigned as Director
06-05-2022
HAUTEKIET Tom: Resigned as Director
30-10-2020
GOETINCK Rik: Resigned as Director
12-06-2020
Carla Debart: Resigned as Director
12-06-2020
Carla Debart: Resigned as Managing director
29-04-2020
DE SAEDELEER Vincent: Resigned as Director
19-03-2020
Fang Meng: Resigned as Director
11-07-2018
Huang Chen: Resigned as Director
30-11-2017
Ding XIANGMING: Resigned as Director
30-11-2017
Edward GOR-JONG MIN: Resigned as Director
30-11-2017
Richard DAVIDSEN: Resigned as Director
30-11-2017
Sander Riemersma: Resigned as Director
30-11-2017
Thomas SNOECK: Resigned as Director
30-11-2017
Willem LAGAAY: Resigned as Managing director
30-11-2017
Zhou JIAО: Resigned as Director
12-12-2016
Olesen Dennis L: Resigned as Director
+ 10 not shown in this overview
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopold II-dam ZN8380 BruggeGround area
2,759 m²
Building footprint
2,495 m²
Volume, LiDAR
20,584 m³
Parcel 31812V0147/00A000, Flanders · tallest building 24.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
中远海运港口泽布吕赫码头有限公司
since 20052.146.022.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812V0147/00A000 | Flanders | 2,759 m² | 1 · 2,495 m² | 24.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Deloitte Bedrijfsrevisoren Statutory auditor · represented by Charlotte Vanrobaeys | - → 22-08-2018 |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,381 EUR awarded · 6,381 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 809 EUR | 809 EUR |
| 2024 | 1 | 498 EUR | 498 EUR |
| 2023 | 1 | 3,681 EUR | 3,681 EUR |
| 2022 | 1 | 1,393 EUR | 1,393 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalPolyvalent technieker havenvoertuigen duaal (so)
Legal Entity Identifier
967600PKD14N1N5BUO69
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Of 273 companies in sector 52241 we hold annual accounts for 211. 87 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-12-2004
Fiscal year end31-12
Abbreviation NL
CSP Zeebrugge
Activities, NACEBEL
52241Warehousing and support activities for transportation
52249Warehousing and support activities for transportation
63112
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.