CMB.TECH NV (CMBT) - Net Assets

Latest as of September 2025: €2.55 Billion EUR ≈ $2.98 Billion USD

Based on the latest financial reports, CMB.TECH NV (CMBT) has net assets worth €2.55 Billion EUR (≈ $2.98 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.37 Billion ≈ $9.78 Billion USD) and total liabilities (€5.82 Billion ≈ $6.80 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash efficiency ratio of CMB.TECH NV to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€2.55 Billion
% of Total Assets	30.46%
Annual Growth Rate	N/A
5-Year Change	-48.41%
10-Year Change	-37.44%
Growth Volatility	33.7

CMB.TECH NV - Net Assets Trend (2002–2024)

This chart illustrates how CMB.TECH NV's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see CMB.TECH NV stock valuation.

Annual Net Assets for CMB.TECH NV (2002–2024)

The table below shows the annual net assets of CMB.TECH NV from 2002 to 2024. Read CMB.TECH NV balance sheet liabilities for a breakdown of total debt and financial obligations.

Year	Net Assets	Change
2024-12-31	€1.19 Billion ≈ $1.39 Billion	-49.42%
2023-12-31	€2.36 Billion ≈ $2.76 Billion	+8.46%
2022-12-31	€2.17 Billion ≈ $2.54 Billion	+10.88%
2021-12-31	€1.96 Billion ≈ $2.29 Billion	-15.19%
2020-12-31	€2.31 Billion ≈ $2.70 Billion	-0.02%
2019-12-31	€2.31 Billion ≈ $2.70 Billion	+2.27%
2018-12-31	€2.26 Billion ≈ $2.64 Billion	+22.43%
2017-12-31	€1.85 Billion ≈ $2.16 Billion	-2.20%
2016-12-31	€1.89 Billion ≈ $2.21 Billion	-0.93%
2015-12-31	€1.91 Billion ≈ $2.23 Billion	+29.40%
2014-12-31	€1.47 Billion ≈ $1.72 Billion	+83.86%
2013-12-31	€800.99 Million ≈ $936.44 Million	-7.62%
2012-12-31	€867.02 Million ≈ $1.01 Billion	-11.62%
2011-12-31	€980.99 Million ≈ $1.15 Billion	-9.04%
2010-12-31	€1.08 Billion ≈ $1.26 Billion	+0.64%
2009-12-31	€1.07 Billion ≈ $1.25 Billion	-9.05%
2008-12-31	€1.18 Billion ≈ $1.38 Billion	+19.69%
2007-12-31	€984.49 Million ≈ $1.15 Billion	-3.72%
2006-12-31	€1.02 Billion ≈ $1.20 Billion	+12.82%
2005-12-31	€906.32 Million ≈ $1.06 Billion	+111.27%
2004-12-31	€428.99 Million ≈ $501.53 Million	--
2003-12-31	€0.00 ≈ $0.00	--
2002-12-31	€0.00 ≈ $0.00	--

Equity Component Analysis

This analysis shows how different components contribute to CMB.TECH NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 77709800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€777.10 Million	65.18%
Other Components	€415.23 Million	34.82%
Total Equity	€1.19 Billion	100.00%

CMB.TECH NV Competitors by Market Cap

The table below lists competitors of CMB.TECH NV ranked by their market capitalization.

Company	Market Cap
SkyWest Inc NASDAQ:SKYW	$3.46 Billion
Guangdong Aofei Data Technology Co Ltd Class A SHE:300738	$3.46 Billion
Joinn Laboratories(China)Co SHG:603127	$3.47 Billion
H&E Equipment Services Inc NASDAQ:HEES	$3.47 Billion
Shanghai Construction Group Co Ltd SHG:600170	$3.46 Billion
NovaGold Resources Inc TO:NG	$3.46 Billion
GQG Partners Inc AU:GQG	$3.45 Billion
Tian Di Science & Technology Co Ltd SHG:600582	$3.45 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in CMB.TECH NV's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,357,373,000 to 1,192,324,000, a change of -1,165,049,000 (-49.4%).
Net income of 870,829,000 contributed positively to equity growth.
Dividend payments of 1,126,683,000 reduced retained earnings.
Other comprehensive income decreased equity by 1,375,000.
Other factors decreased equity by 907,820,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€870.83 Million	+73.04%
Dividends Paid	€1.13 Billion	-94.49%
Other Comprehensive Income	€-1.38 Million	-0.12%
Other Changes	€-907.82 Million	-76.14%
Total Change	€-	-49.42%

Book Value vs Market Value Analysis

This analysis compares CMB.TECH NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.79x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.82x to 1.79x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	€13.19	€10.86	x
2003-12-31	€9.59	€10.86	x
2004-12-31	€10.21	€10.86	x
2005-12-31	€17.26	€10.86	x
2006-12-31	€19.47	€10.86	x
2007-12-31	€18.78	€10.86	x
2008-12-31	€23.02	€10.86	x
2009-12-31	€18.98	€10.86	x
2010-12-31	€21.57	€10.86	x
2011-12-31	€19.62	€10.86	x
2012-12-31	€17.34	€10.86	x
2013-12-31	€15.95	€10.86	x
2014-12-31	€12.64	€10.86	x
2015-12-31	€12.10	€10.86	x
2016-12-31	€11.92	€10.86	x
2017-12-31	€11.66	€10.86	x
2018-12-31	€11.77	€10.86	x
2019-12-31	€10.70	€10.86	x
2020-12-31	€10.70	€10.86	x
2021-12-31	€9.71	€10.86	x
2022-12-31	€10.76	€10.86	x
2023-12-31	€11.68	€10.86	x
2024-12-31	€6.08	€10.86	x

Capital Efficiency Dashboard

This dashboard shows how efficiently CMB.TECH NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 73.04%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 92.62%
• Asset Turnover: 0.24x
• Equity Multiplier: 3.28x
Recent ROE (73.04%) is above the historical average (12.23%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	4.73%	3.10%	0.38x	4.03x	€-29.17 Million
2003	19.06%	13.41%	0.50x	2.86x	€36.52 Million
2004	55.13%	54.92%	0.44x	2.30x	€193.60 Million
2005	23.11%	36.59%	0.26x	2.45x	€118.79 Million
2006	21.32%	32.18%	0.29x	2.29x	€115.79 Million
2007	10.26%	19.03%	0.23x	2.31x	€2.61 Million
2008	34.16%	47.00%	0.33x	2.22x	€284.64 Million
2009	-1.64%	-3.82%	0.17x	2.60x	€-124.78 Million
2010	1.82%	3.75%	0.20x	2.45x	€-88.17 Million
2011	-9.78%	-24.33%	0.16x	2.50x	€-194.08 Million
2012	-13.72%	-28.96%	0.17x	2.73x	€-205.63 Million
2013	-11.20%	-22.37%	0.19x	2.68x	€-169.78 Million
2014	-3.11%	-9.66%	0.15x	2.10x	€-193.07 Million
2015	18.38%	41.38%	0.28x	1.60x	€159.73 Million
2016	10.81%	29.82%	0.22x	1.61x	€15.25 Million
2017	0.07%	0.27%	0.18x	1.52x	€-183.25 Million
2018	-4.87%	-18.34%	0.15x	1.83x	€-336.12 Million
2019	4.85%	12.04%	0.22x	1.80x	€-118.96 Million
2020	20.45%	38.41%	0.33x	1.59x	€241.59 Million
2021	-17.30%	-80.80%	0.11x	1.93x	€-535.18 Million
2022	9.35%	23.78%	0.22x	1.83x	€-14.10 Million
2023	36.40%	69.47%	0.36x	1.45x	€622.29 Million
2024	73.04%	92.62%	0.24x	3.28x	€751.60 Million

Industry Comparison

This section compares CMB.TECH NV's net assets metrics with peer companies in the Oil & Gas Midstream industry.

Industry Context

Industry: Oil & Gas Midstream
Average net assets among peers: $1,410,088,000
Average return on equity (ROE) among peers: 3.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
CMB.TECH NV (CMBT)	€2.55 Billion	4.73%	2.28x	$3.46 Billion
Fluxys Belgium (FLUX)	$1.41 Billion	3.66%	0.30x	$293.72 Million

About CMB.TECH NV

BR:CMBT Belgium Oil & Gas Midstream

Market Cap

$3.68 Billion

€3.15 Billion EUR

Market Cap Rank

#4529 Global

#23 in Belgium

Share Price

€10.86

Change (1 day)

-2.34%

52-Week Range

€7.04 - €12.52

All Time High

€16.60