CID LINES
ActiveSummary
CID LINES has been active since 1988 and the Belgian State 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 ~12.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
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History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €105.2m | €131.9m | €130.1m | €139.5m | €144.4m | ▲ 3.5% |
| Turnover70 | €99.3m | €114.8m | €124.0m | €125.2m | €126.4m | ▲ 0.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€766,263 | €5.3m | -€2.7m | -€2.0m | -€146,096 | ▲ 92.9% |
| Other operating income74 | €6.6m | €11.8m | €8.8m | €16.3m | €18.2m | ▲ 11.5% |
| Non-recurring operating income76A | €140,530 | €3,637 | - | - | - | - |
| Operating charges60/66A | €89.0m | €117.2m | €105.6m | €122.7m | €128.3m | ▲ 4.6% |
| Goods for resale, raw materials and consumables60 | €44.2m | €66.3m | €55.6m | €47.1m | €50.7m | ▲ 7.6% |
| Purchases600/8 | €44.9m | €67.6m | €50.4m | €48.8m | €51.6m | ▲ 5.6% |
| Change in stocks: decrease (increase)609 | -€672,519 | -€1.3m | €5.1m | -€1.7m | -€854,159 | ▲ 50.8% |
| Services and other goods61 | €34.6m | €37.0m | €35.2m | €59.2m | €62.0m | ▲ 4.8% |
| Remuneration, social security and pensions62 | €8.5m | €11.9m | €12.6m | €13.8m | €13.0m | ▼ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.4m | €1.7m | €2.0m | €2.2m | €2.2m | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€650,125 | €47,256 | -€75,979 | €103,862 | €148,205 | ▲ 42.7% |
| Other operating charges640/8 | €913,783 | €262,321 | €251,029 | €282,111 | €187,901 | ▼ 33.4% |
| Non-recurring operating charges66A | €40,226 | €34,027 | - | €58,719 | - | - |
| Operating profit (loss)9901 | €16.3m | €14.8m | €24.5m | €16.8m | €16.1m | ▼ 4.1% |
| Financial income75/76B | €8.1m | €4.0m | €8.1m | €10.1m | €3.9m | ▼ 61.8% |
| Recurring financial income75 | €5.7m | €4.0m | €8.1m | €6.9m | €3.9m | ▼ 43.6% |
| Income from financial fixed assets750 | €4.7m | €2.0m | €6.3m | €5.0m | €1.6m | ▼ 68.2% |
| Income from current assets751 | €43,254 | €24,379 | €1.0m | €1.6m | €736,702 | ▼ 55.0% |
| Other financial income752/9 | €1.0m | €2.0m | €776,397 | €197,547 | €1.5m | ▲ 678% |
| Non-recurring financial income76B | €2.4m | - | - | €3.3m | - | - |
| Financial charges65/66B | €4.8m | €13.1m | €1.9m | €12.7m | €1.5m | ▼ 87.8% |
| Recurring financial charges65 | €1.3m | €2.2m | €1.0m | €528,526 | €1.5m | ▲ 192% |
| Debt charges650 | €5,743 | €13,296 | €39,647 | €58,566 | €59,968 | ▲ 2.4% |
| Other financial charges652/9 | €1.3m | €2.1m | €990,452 | €469,961 | €1.5m | ▲ 216% |
| Non-recurring financial charges66B | €3.5m | €11.0m | €891,224 | €12.2m | - | - |
| Profit (loss) for the period before taxes9903 | €19.6m | €5.6m | €30.7m | €14.2m | €18.4m | ▲ 29.6% |
| Income taxes67/77 | €4.4m | €4.0m | €3.5m | €5.1m | €4.4m | ▼ 14.7% |
| Taxes670/3 | €4.4m | €4.0m | €3.6m | €5.1m | €4.4m | ▼ 14.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €45,693 | €10,013 | - | - |
| Profit (loss) for the period9904 | €15.2m | €1.7m | €27.1m | €9.1m | €14.1m | ▲ 54.4% |
| Profit (loss) for the period to be appropriated9905 | €15.2m | €1.7m | €27.1m | €9.1m | €14.1m | ▲ 54.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89.1m | €75.8m | €98.4m | €90.2m | €97.1m | ▲ 7.6% |
| Fixed assets21/28 | €45.0m | €28.6m | €28.2m | €20.7m | €21.9m | ▲ 5.9% |
| Intangible fixed assets21 | €247,022 | €151,590 | €73,882 | €1.3m | €1.1m | ▼ 16.7% |
| Tangible fixed assets22/27 | €5.9m | €13.0m | €14.4m | €14.9m | €16.3m | ▲ 9.7% |
| Land and buildings22 | €2.1m | €7.0m | €7.6m | €7.4m | €7.4m | ▼ 0.4% |
| Plant, machinery and equipment23 | €2.9m | €4.0m | €5.1m | €5.1m | €5.6m | ▲ 10.3% |
| Furniture and vehicles24 | €1.0m | €985,925 | €687,277 | €423,431 | €351,145 | ▼ 17.1% |
| Other tangible fixed assets26 | - | - | €514,868 | €501,806 | €488,744 | ▼ 2.6% |
| Assets under construction and advance payments27 | - | €984,121 | €498,069 | €1.4m | €2.5m | ▲ 73.0% |
| Financial fixed assets28 | €38.9m | €15.4m | €13.8m | €4.5m | €4.5m | ▼ 0.1% |
| Affiliated companies280/1 | €38.8m | €15.4m | €13.7m | €4.5m | €4.5m | = |
| Participating interests280 | €31.9m | €15.4m | €13.7m | €4.5m | €4.5m | = |
| Amounts receivable281 | €7.0m | - | - | - | - | - |
| Other financial fixed assets284/8 | €11,760 | €11,760 | €20,742 | €19,249 | €14,599 | ▼ 24.2% |
| Amounts receivable and cash guarantees285/8 | €11,760 | €11,760 | €20,742 | €19,249 | €14,599 | ▼ 24.2% |
| Current assets29/58 | €44.1m | €47.2m | €70.2m | €69.6m | €75.2m | ▲ 8.1% |
| Stocks and contracts in progress3 | €10.1m | €16.7m | €9.1m | €8.7m | €9.3m | ▲ 7.2% |
| Stocks30/36 | €10.1m | €16.7m | €9.1m | €8.7m | €9.3m | ▲ 7.2% |
| Raw materials and consumables30/31 | €5.8m | €7.0m | €2.4m | €4.0m | €5.3m | ▲ 33.3% |
| Work in progress32 | €340,489 | €504,132 | €462,782 | €392,391 | €358,948 | ▼ 8.5% |
| Finished goods33 | €3.2m | €8.2m | €5.6m | €3.6m | €3.4m | ▼ 6.7% |
| Goods purchased for resale34 | €797,920 | €1.0m | €628,921 | €602,877 | €171,683 | ▼ 71.5% |
| Amounts receivable within one year40/41 | €23.4m | €21.4m | €27.4m | €29.2m | €34.9m | ▲ 19.6% |
| Trade receivables40 | €21.2m | €19.8m | €26.4m | €26.7m | €32.8m | ▲ 22.9% |
| Other amounts receivable41 | €2.2m | €1.7m | €1.0m | €2.5m | €2.1m | ▼ 16.2% |
| Cash at bank and in hand54/58 | €10.5m | €8.9m | €33.6m | €31.6m | €30.8m | ▼ 2.4% |
| Deferred charges and accrued income490/1 | €133,314 | €178,623 | €84,940 | €115,307 | €146,974 | ▲ 27.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89.1m | €75.8m | €98.4m | €90.2m | €97.1m | ▲ 7.6% |
| Equity10/15 | €52.2m | €48.9m | €56.6m | €51.2m | €65.3m | ▲ 27.5% |
| Contributions10/11 | €36.1m | €36.1m | €46.4m | €46.4m | €46.4m | = |
| Capital10 | €36.1m | €36.1m | €46.4m | €46.4m | €46.4m | = |
| Issued capital100 | €36.1m | €36.1m | €46.4m | €46.4m | €46.4m | = |
| Reserves13 | €16.2m | €12.8m | €10.2m | €4.8m | €18.9m | ▲ 291% |
| Non-distributable reserves130/1 | €1.5m | €1.6m | €4.4m | €4.6m | €4.6m | = |
| Legal reserve130 | €1.5m | €1.6m | €4.4m | €4.6m | €4.6m | = |
| Distributable reserves133 | €14.6m | €11.2m | €5.8m | €204,751 | €14.3m | ▲ 6,869% |
| Amounts payable17/49 | €36.9m | €26.9m | €41.8m | €39.0m | €31.8m | ▼ 18.5% |
| Amounts payable after more than one year17 | €600,000 | - | - | - | - | - |
| Financial debts170/4 | €600,000 | - | - | - | - | - |
| Other loans174 | €600,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €35.6m | €26.5m | €41.0m | €38.2m | €31.4m | ▼ 17.7% |
| Trade debts44 | €13.8m | €18.4m | €17.1m | €20.1m | €28.2m | ▲ 40.4% |
| Suppliers440/4 | €13.8m | €18.4m | €17.1m | €20.1m | €28.2m | ▲ 40.4% |
| Taxes, remuneration and social security45 | €3.6m | €2.8m | €3.6m | €3.2m | €2.9m | ▼ 9.8% |
| Taxes450/3 | €578,389 | €256,257 | €937,897 | €290,997 | €274,368 | ▼ 5.7% |
| Remuneration and social security454/9 | €3.0m | €2.5m | €2.7m | €2.9m | €2.6m | ▼ 10.2% |
| Other amounts payable47/48 | €18.3m | €5.2m | €20.4m | €14.9m | €261,000 | ▼ 98.2% |
| Accrued charges and deferred income492/3 | €669,875 | €438,735 | €808,301 | €877,532 | €429,594 | ▼ 51.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15.2m | €1.7m | €27.1m | €9.1m | €14.1m | ▲ 54.4% |
| + Depreciation and write-downs630 | €1.4m | €1.7m | €2.0m | €2.2m | €2.2m | ▲ 0.3% |
| Operating cash flow (approximation) | €16.6m | €3.3m | €29.2m | €11.3m | €16.3m | ▲ 43.8% |
| Investment in fixed assets (approximation) | - | €14.8m | -€1.7m | €5.3m | -€3.5m | ▼ 165% |
| Change in cash | - | -€1.6m | €24.7m | -€2.0m | -€766,996 | ▲ 61.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
22-09
State Gazette act
Resignation: Veerle Van Wichelen (director)Appointment: Stefan Naten (director) · Director discharge · Power of attorney10 facts ▸
- Director resignation, Veerle Van Wichelen (director)
- Director discharge, Veerle Van Wichelen (director)
- Director appointment, Stefan Naten (director)
- Board composition, Stefan Naten (director)
- Board composition, Matthias Arnold (director)
- Power of attorney, Virginie Frémat
- Power of attorney, Jonathan Sztejter
- Power of attorney, Ruben Romeo
- Director resignation, Veerle Van Wichelen (managing director)
- Director appointment, Stefan Naten (managing director)
Show earlier events
About the unread acts
Of the 42 Belgian State Gazette acts we know for this company, 1 has been read. The other 41 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 1
Day-to-day management 1
Not every act has been read: a resignation may be missing here
3 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B0964/00D000 | Flanders | 18.6 ha | 1 · 9,210 m² | 44.9 m · 2 fl. |
| 33302A0153/00V000 | Flanders | 1.7 ha | 1 · 1.6 ha | 9.9 m · 2 fl. |
| 33305B0949/00L000 | Flanders | 1.3 ha | 1 · 1,102 m² | 13.4 m · 1 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Stefan Naten |
|
| Veerle Van Wichelen |
|
Structure & network
Owners and holdings
3 owners · 3 holdingsChain of control
- CID LINES HOLDING
- CID LINES
Highest known parent: CID LINES HOLDING. The sources do not say who stands above it.
Owners 3
-
100%
- COPAL HOLDINGparent100%
- ECOLAB INC.USparentSourceLEI registerconsolidated
Holdings 3
-
100%
-
100%
-
100%
According to the annual accounts to 30-11-2025 of CID LINES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 368,049 EUR awarded · 181,389 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 20,982 EUR | 82,982 EUR |
| 2024 | 2 | 319,572 EUR | 70,912 EUR |
| 2023 | 2 | 12,727 EUR | 12,727 EUR |
| 2022 | 1 | 14,768 EUR | 14,768 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLegal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.