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CID LINES

Active
Public limited companyfounded 198837 yrs activeWaterpoortstraat 2, 8900 Ieper, BelgiumKBO/BCE: BE 0435.921.958
Summary

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).

Checked score

Score 2025
Axes · tick = 2024
Profitability84▲+3
Solvency92▲+10
Growth71▼-1
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.39 against 1.82 in 2024; short-term debt: 32.3% and cash: 31.8% of total assets), and 32.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
67.2%
Return on assets
14.5%
Age of the figures
10 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 filings
Deviation from the deadline
2025
35 d early
2024
40 d early
2023
38 d early
2022
48 d early
2021
44 d early
2020
49 d early
2019
31 d 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 for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 21 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today30-11-2026 close30-06-2027 deadline
neutral · 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

History

On 28 November 1988, CID LINES was incorporated.1 Stefan Naten has served as director of the company since 2026.2 Revenue went from EUR 78 million in 2018 to EUR 126 million in 2025 and headcount from 90.7 to 162 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 22-09-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€126.4m▲ 0.9%
2024 · €125.2m
EBIT margin
12.7%▼ 0.7pp
2024 · 13.4%
Net result
€14.1m▲ 54.4%
2024 · €9.1m
Working capital
€43.8m▲ 39.5%
2024 · €31.4m
Trend over the years

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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€99.3m▲ 0.8%€114.8m▲ 15.6%€124.0m▲ 8.0%€125.2m▲ 1.0%€126.4m▲ 0.9%
Operating result€16.3m▼ 20.8%€14.8m▼ 9.2%€24.5m▲ 65.9%€16.8m▼ 31.5%€16.1m▼ 4.1%
Net result€15.2mabove the sector's middle half▲ 4.1%€1.7mwithin the sector's middle half▼ 89.0%€27.1mabove the sector's middle half▲ 1,531%€9.1mabove the sector's middle half▼ 66.4%€14.1mabove the sector's middle half▲ 54.4%
EBIT margin16.4%▼ 4.5pp12.9%▼ 3.5pp19.8%▲ 6.9pp13.4%▼ 6.4pp12.7%▼ 0.7pp
Equity€52.2mabove the sector's middle half▲ 8.9%€48.9mabove the sector's middle half▼ 6.4%€56.6mabove the sector's middle half▲ 15.7%€51.2mabove the sector's middle half▼ 9.5%€65.3mabove the sector's middle half▲ 27.5%
Total assets€89.1mabove the sector's middle half▲ 2.1%€75.8mabove the sector's middle half▼ 15.0%€98.4mabove the sector's middle half▲ 29.9%€90.2mabove the sector's middle half▼ 8.3%€97.1mabove the sector's middle half▲ 7.6%
Debt€36.9m▼ 6.1%€26.9m▼ 27.1%€41.8m▲ 55.5%€39.0m▼ 6.7%€31.8m▼ 18.5%
Working capital€8.5mwithin the sector's middle half▼ 27.6%€20.8mabove the sector's middle half▲ 145%€29.1mabove the sector's middle half▲ 40.3%€31.4mabove the sector's middle half▲ 7.6%€43.8mabove the sector's middle half▲ 39.5%
Solvency58.6%within the sector's middle half▲ 3.6pp64.5%within the sector's middle half▲ 5.9pp57.5%within the sector's middle half▼ 7.0pp56.7%within the sector's middle half▼ 0.8pp67.2%within the sector's middle half▲ 10.5pp
Current ratio1.24within the sector's middle half▼ 0.081.79within the sector's middle half▲ 0.551.71within the sector's middle half▼ 0.071.82within the sector's middle half▲ 0.112.39within the sector's middle half▲ 0.57
Return on assets (ROA)17.0%above the sector's middle half▲ 0.3pp2.2%within the sector's middle half▼ 14.8pp27.6%above the sector's middle half▲ 25.4pp10.1%above the sector's middle half▼ 17.5pp14.5%above the sector's middle half▲ 4.4pp
Staff (FTE)154above the sector's middle half▲ 34.3%158.3above the sector's middle half▲ 2.8%163.6above the sector's middle half▲ 3.3%177.5above the sector's middle half▲ 8.5%161.9above the sector's middle half▼ 8.8%
above within below 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.
Result per fiscal year
Operating resultNet result
€0€10.0m€20.0m€30.0mOperating result 2021: €16.3m€16.3mNet result 2021: €15.2m€15.2mOperating result 2022: €14.8m€14.8mNet result 2022: €1.7m€1.7mOperating result 2023: €24.5m€24.5mNet result 2023: €27.1m€27.1mOperating result 2024: €16.8m€16.8mNet result 2024: €9.1m€9.1mOperating result 2025: €16.1m€16.1mNet result 2025: €14.1m€14.1m20212022202320242025€0€10m€20m€30mOperating result 2023: €24.5m€24mNet result 2023: €27.1m€27mOperating result 2024: €16.8m€17mNet result 2024: €9.1m€9.1mOperating result 2025: €16.1m€16mNet result 2025: €14.1m€14m202320242025
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97.1m
Fixed assets €21.9m ▲ 5.9%
Current assets €75.2m ▲ 8.1%
Equity and liabilities €97.1m
Equity €65.3m ▲ 27.5%
Debt €31.8m ▼ 18.5%
Debt's share of the balance-sheet total falls from 43.3% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18.3m▼
2024 · €19.0m
Cash flow
€16.3m▲
2024 · €11.3m
Quick ratio
2.10▲
2024 · 1.60
Debt to equity
0.49▼
2024 · 0.76
ROE
21.6%▲
2024 · 17.8%
Interest coverage
305.59▼
2024 · 324.49
Debt ≤ 1 year
€31.4m▼
2024 · €38.2m
Income taxes
€4.4m▼
2024 · €5.1m
Staff costs
€13.0m▼
2024 · €13.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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
0.1% went bankrupt
3.1% stopped otherwise
97% still going

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%.

The companies in ten equal groups, from lowest to highest expected share.
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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 85 lines
Balance sheet Code20242025
Assets
Total assets20/58€90.2m€97.1m▲
Fixed assets21/28€20.7m€21.9m▲
Intangible fixed assets21€1.3m€1.1m▼
Tangible fixed assets22/27€14.9m€16.3m▲
Land and buildings22€7.4m€7.4m▼
Plant, machinery and equipment23€5.1m€5.6m▲
Furniture and vehicles24€423,431€351,145▼
Other tangible fixed assets26€501,806€488,744▼
Assets under construction and advance payments27€1.4m€2.5m▲
Financial fixed assets28€4.5m€4.5m▼
Affiliated companies280/1€4.5m€4.5m=
Participating interests280€4.5m€4.5m=
Other financial fixed assets284/8€19,249€14,599▼
Amounts receivable and cash guarantees285/8€19,249€14,599▼
Current assets29/58€69.6m€75.2m▲
Stocks and contracts in progress3€8.7m€9.3m▲
Stocks30/36€8.7m€9.3m▲
Raw materials and consumables30/31€4.0m€5.3m▲
Work in progress32€392,391€358,948▼
Finished goods33€3.6m€3.4m▼
Goods purchased for resale34€602,877€171,683▼
Amounts receivable within one year40/41€29.2m€34.9m▲
Trade receivables40€26.7m€32.8m▲
Other amounts receivable41€2.5m€2.1m▼
Cash at bank and in hand54/58€31.6m€30.8m▼
Deferred charges and accrued income490/1€115,307€146,974▲
Equity and liabilities
Total equity and liabilities10/49€90.2m€97.1m▲
Equity10/15€51.2m€65.3m▲
Contributions10/11€46.4m€46.4m=
Capital10€46.4m€46.4m=
Issued capital100€46.4m€46.4m=
Reserves13€4.8m€18.9m▲
Non-distributable reserves130/1€4.6m€4.6m=
Legal reserve130€4.6m€4.6m=
Distributable reserves133€204,751€14.3m▲
Amounts payable17/49€39.0m€31.8m▼
Amounts payable within one year42/48€38.2m€31.4m▼
Trade debts44€20.1m€28.2m▲
Suppliers440/4€20.1m€28.2m▲
Taxes, remuneration and social security45€3.2m€2.9m▼
Taxes450/3€290,997€274,368▼
Remuneration and social security454/9€2.9m€2.6m▼
Other amounts payable47/48€14.9m€261,000▼
Accrued charges and deferred income492/3€877,532€429,594▼
Income statement Code20242025
Operating income70/76A€139.5m€144.4m▲
Turnover70€125.2m€126.4m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€2.0m-€146,096▲
Other operating income74€16.3m€18.2m▲
Operating charges60/66A€122.7m€128.3m▲
Goods for resale, raw materials and consumables60€47.1m€50.7m▲
Purchases600/8€48.8m€51.6m▲
Change in stocks: decrease (increase)609-€1.7m-€854,159▲
Services and other goods61€59.2m€62.0m▲
Remuneration, social security and pensions62€13.8m€13.0m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.2m€2.2m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€103,862€148,205▲
Other operating charges640/8€282,111€187,901▼
Non-recurring operating charges66A€58,719-
Operating profit (loss)9901€16.8m€16.1m▼
Financial income75/76B€10.1m€3.9m▼
Recurring financial income75€6.9m€3.9m▼
Income from financial fixed assets750€5.0m€1.6m▼
Income from current assets751€1.6m€736,702▼
Other financial income752/9€197,547€1.5m▲
Non-recurring financial income76B€3.3m-
Financial charges65/66B€12.7m€1.5m▼
Recurring financial charges65€528,526€1.5m▲
Debt charges650€58,566€59,968▲
Other financial charges652/9€469,961€1.5m▲
Non-recurring financial charges66B€12.2m-
Profit (loss) for the period before taxes9903€14.2m€18.4m▲
Income taxes67/77€5.1m€4.4m▼
Taxes670/3€5.1m€4.4m▼
Tax adjustments and reversals of tax provisions77€10,013-
Profit (loss) for the period9904€9.1m€14.1m▲
Profit (loss) for the period to be appropriated9905€9.1m€14.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€9.1m€14.1m▲
Transfer from equity791/2€5.6m-
From reserves792€5.6m-
Transfer to equity691/2€187,396€14.1m▲
To the legal reserve6920€187,396-
To other reserves6921-€14.1m
Profit to be distributed694/7€14.5m-
Return on contributions (dividend)694€14.5m-
Social balance
Average headcount (FTE)9087177.5161.9▼

The notes to these accounts (63 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
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%
Line20212022202320242025Change
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%
Line20212022202320242025Change
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.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-06-2027
2026
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)
26-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
21-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
23-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
30-11
Financial Highest result since 2018net €27.1m ▲1,531%
Operating result €24.5m, net result €27.1m, both a record.
30-11
Financial Equity above €50mEq €56.6m ▲15.7%
6 profitable years in a row build equity to €56.6m.
13-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-11
Financial Weakest financial yearnet €1.7m ▼89%
Net result drops to €1.7m, the lowest in the series; recovery starts the following year.
17-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-11
Financial Equity above €50mEq €52.2m ▲8.9%
4 profitable years in a row build equity to €52.2m.
12-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-11
Financial Equity above €25mEq €48.0m ▲116%
3 profitable years in a row build equity to €48.0m.
Show earlier events
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Equity above €10mEq €22.2m ▲132%
2 profitable years in a row build equity to €22.2m.
25-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 42 acts read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, 1 in day-to-day management, last change in 2026

Board 1

Stefan Naten
Director · since 01-09-2026
Current

Day-to-day management 1

Stefan Naten
Managing director · since 01-09-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
41 of this company's 42 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ieper · 3 establishment units since 1988
seat establishment approximate All 3 establishment units on the map
Ground area
21.5 ha
Building footprint
2.6 ha
Volume, LiDAR
186,134 m³
3 parcels, Flanders · tallest building 44.9 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Waterpoortstraat 2, 8900 Ieper
NACE 2451102
since 19882.041.253.053
CID LINES
Oostkaai 20, 8900 IeperWarehousing and storage
since 20162.288.181.597
CID LINES
Oostkaai 38, 8900 IeperManufacture of basic pharmaceutical products and pharmaceutical preparations
since 20242.362.104.309
3 parcels
Flanders 3 (100%)
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
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Stefan Naten
  • Director, from 01-09-2026 to date
  • Managing director, from 01-09-2026 to date
Veerle Van Wichelen
  • Director, until 01-09-2026
  • Managing director, until 01-09-2026
See the board, name and seat on a given date →

Structure & network

Part of the group ECOLAB INC. 5 companies Group, risk and exposure

Owners and holdings

3 owners · 3 holdings

Chain of control

  1. CID LINES HOLDING 100%
  2. CID LINES

Highest known parent: CID LINES HOLDING. The sources do not say who stands above it.

Owners 3

Holdings 3

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 director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 10 entries · 368,049 EUR awarded · 181,389 EUR paid
Year Entries awardedpaid
2025 5 20,982 EUR82,982 EUR
2024 2 319,572 EUR70,912 EUR
2023 2 12,727 EUR12,727 EUR
2022 1 14,768 EUR14,768 EUR
Schemes
3 entries · 310,660 EUR · 124,000 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 28,020 EUR · 28,020 EUR paid · Departement Werk en Sociale Economie
3 entries · 24,556 EUR · 24,556 EUR paid · Departement Werk en Sociale Economie
2 entries · 4,813 EUR · 4,813 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

2 sites
Ieper2.041.253.053
2 permissions
Erkenning · Fabrikant voormengsels (erkenning) · since 20-02-2018
Toelating · Fabrikant mengvoeders (toelating) · since 02-04-2008
Ieper2.288.181.597
1 permission
Opslag diervoeders · since 02-05-2019

Legal Entity Identifier

5493008Q7CUN0PXVLI98
live in the LEI register

Similar companies · same sector, comparable size

Of 156 companies in sector 20411 we hold annual accounts for 46. 10 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded28-11-1988
Fiscal year end30-11
Activities, NACEBEL 2025
20411Manufacture of chemicals and chemical products
20412Manufacture of chemicals and chemical products
21100Manufacture of basic pharmaceutical products and pharmaceutical preparations
72101Research and development on biotechnology
72109Other research and development on natural sciences
72200Scientific research and development
E-invoicing
Reachable via Peppol
Peppol ID 0208:0435921958
Registered 19-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.