CMB.TECH NV (CMBT) backer secures $500M credit line, pledges 61.6% stake

Rhea-AI Filing Summary

Compagnie Maritime Belge NV, the controlling shareholder of CMB.TECH NV, updated its Schedule 13D to disclose a new USD 500,000,000 credit facility backed by its shareholding. CMB pledged all of its current and future Ordinary Shares as collateral under a securities pledge agreement with certain banks.

CMB directly owns 178,726,458 Ordinary Shares, representing 61.6% of the 290,169,769 Ordinary Shares outstanding as of April 1, 2026. Saverco NV directly owns 24,400 shares, and together with Alexander, Ludovic and Michael Saverys is deemed to share voting and dispositive power over 178,750,858 shares. The facility refinances $250,000,000 of an existing term loan and provides a $250,000,000 revolving credit line, whose proceeds may be used, among other things, for asset acquisitions. No reporting person has traded in CMB.TECH shares in the past 60 days.

Key Figures

Facility Size: USD 500,000,000 Refinanced Term Loan Portion: $250,000,000 Revolving Credit Component: $250,000,000 +5 more

8 metrics

Facility Size USD 500,000,000 Total size of the revolving credit facility entered into by CMB

Refinanced Term Loan Portion $250,000,000 Amount of existing USD 500,000,000 syndicated term loan refinanced

Revolving Credit Component $250,000,000 Revolving credit facility provided under the Facility Agreement

CMB Direct Holdings 178,726,458 Ordinary Shares Ordinary Shares of CMB.TECH directly owned by Compagnie Maritime Belge NV

Aggregate Beneficial Ownership 178,750,858 Ordinary Shares Shares over which Saverco and the Saverys have shared voting and dispositive power

Ownership Percentage 61.6% Portion of CMB.TECH Ordinary Shares beneficially owned by each reporting person group

Shares Outstanding Baseline 290,169,769 Ordinary Shares CMB.TECH shares outstanding as of April 1, 2026, excluding treasury shares

Saverco Direct Holdings 24,400 Ordinary Shares CMB.TECH Ordinary Shares owned directly by Saverco NV

Key Terms

Schedule 13D, revolving credit facility, securities pledge agreement, beneficially owned, +2 more

6 terms

Schedule 13D regulatory

"This Amendment No. 34 to relates to ordinary shares"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

revolving credit facility financial

"entered into a USD 500,000,000 revolving credit facility agreement"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

securities pledge agreement financial

"and a securities pledge agreement (the "Securities Pledge Agreement")"

beneficially owned financial

"grant of security over the Ordinary Shares beneficially owned by CMB"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 178,726,458.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

events of default financial

"include financial and other covenants and customary events of default"

Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.

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Available on EDGAR 07/29/2026 - 04:26 PM Accepted by SEC EDGAR 07/29/2026 - 04:26 PM Learn about SEC filing dates

FAQ

What does Amendment No. 34 to the CMB.TECH (CMBT) Schedule 13D disclose?

It discloses that Compagnie Maritime Belge NV entered into a USD 500,000,000 credit facility and pledged all of its current and future CMB.TECH Ordinary Shares as collateral, updating the previously reported beneficial ownership information.

How many CMB.TECH (CMBT) shares does Compagnie Maritime Belge NV own and what is the percentage?

Compagnie Maritime Belge NV directly owns 178,726,458 Ordinary Shares of CMB.TECH, representing 61.6% of the 290,169,769 Ordinary Shares outstanding as of April 1, 2026, excluding treasury shares reported in the company’s Form 20-F.

What are the key terms of the USD 500,000,000 facility involving CMB.TECH (CMBT) shares?

CMB entered into a USD 500,000,000 facility that refinances $250,000,000 of an existing syndicated term loan and provides a $250,000,000 revolving credit facility, secured by all current and future CMB.TECH Ordinary Shares held by CMB.

Which CMB.TECH (CMBT) shares are pledged as collateral under the new facility?

CMB pledged all of its current and future CMB.TECH Ordinary Shares as collateral, including the 178,726,458 shares it directly holds. These shares secure CMB’s obligations under the Facility Agreement and related securities pledge agreement.

Have the CMB.TECH (CMBT) reporting persons traded shares recently?

No. The Schedule 13D amendment states that none of the reporting persons, nor any listed related persons, has engaged in any transactions in CMB.TECH Ordinary Shares during the past 60 days prior to the event date.

What is the total CMB.TECH (CMBT) ownership attributed to Saverco and the Saverys family members?

Saverco NV directly owns 24,400 CMB.TECH shares. Saverco, Alexander Saverys, Ludovic Saverys and Michael Saverys are each reported as having shared voting and dispositive power over 178,750,858 Ordinary Shares, equal to 61.6% of outstanding shares.

What share count is used to calculate the CMB.TECH (CMBT) ownership percentages?

The reported 61.6% ownership is calculated using 290,169,769 Ordinary Shares outstanding as of April 1, 2026, excluding treasury shares, as disclosed in CMB.TECH’s annual report on Form 20-F filed on April 21, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 34)

CMB.TECH NV

(Name of Issuer)

Ordinary Shares, no par value

(Title of Class of Securities)

B38564108

(CUSIP Number)

Ludovic Saverys
Compagnie Maritime Belge NV, De Gerlachekaai 20
Antwerp, C9, 2000
32-3-247-59-11

Keith J. Billotti, Esq.
Seward & Kissel LLP, One Battery Park Plaza
New York, NY, 10004
212-574-1200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/17/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): B38564108

1

Name of reporting person

Compagnie Maritime Belge NV

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

BK, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BELGIUM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 178,726,458.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 178,726,458.00

11

Aggregate amount beneficially owned by each reporting person

178,726,458.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

61.6 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

The reported percentage in line 13 is based on 290,169,769 Ordinary Shares outstanding as of April 1, 2026 (not including the Treasury Shares), as reported in the Issuer's annual report on Form 20-F, as filed with the U.S. Securities and Exchange Commission (the "Commission") on April 21, 2026.

SCHEDULE 13D

CUSIP Number(s): B38564108

1

Name of reporting person

Saverco NV

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BELGIUM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 178,750,858.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 178,750,858.00

11

Aggregate amount beneficially owned by each reporting person

178,750,858.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

61.6 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

The Source of Funds in line 4 is as to 24,400 Ordinary Shares owned directly by Saverco NV. The reported percentage in line 13 is based on 290,169,769 Ordinary Shares outstanding as of April 1, 2026 (not including the Treasury Shares), as reported in the Issuer's annual report on Form 20-F, as filed with the Commission on April 21, 2026.

SCHEDULE 13D

CUSIP Number(s): B38564108

1

Name of reporting person

Alexander Saverys

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BELGIUM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 178,750,858.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 178,750,858.00

11

Aggregate amount beneficially owned by each reporting person

178,750,858.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

61.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The reported percentage in line 13 is based on 290,169,769 Ordinary Shares outstanding as of April 1, 2026 (not including the Treasury Shares), as reported in the Issuer's annual report on Form 20-F, as filed with the Commission on April 21, 2026.

SCHEDULE 13D

CUSIP Number(s): B38564108

1

Name of reporting person

Ludovic Saverys

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BELGIUM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 178,750,858.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 178,750,858.00

11

Aggregate amount beneficially owned by each reporting person

178,750,858.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

61.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The reported percentage in line 13 is based on 290,169,769 Ordinary Shares outstanding as of April 1, 2026 (not including the Treasury Shares), as reported in the Issuer's annual report on Form 20-F, as filed with the Commission on April 21, 2026.

SCHEDULE 13D

CUSIP Number(s): B38564108

1

Name of reporting person

Michael Saverys

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BELGIUM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 178,750,858.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 178,750,858.00

11

Aggregate amount beneficially owned by each reporting person

178,750,858.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

61.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The reported percentage in line 13 is based on 290,169,769 Ordinary Shares outstanding as of April 1, 2026 (not including the Treasury Shares), as reported in the Issuer's annual report on Form 20-F, as filed with the Commission on April 21, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Ordinary Shares, no par value
(b)	Name of Issuer: CMB.TECH NV
(c)	Address of Issuer's Principal Executive Offices: DE GERLACHEKAAI 20, ANTWERP, BELGIUM , 2000.
Item 1 Comment: This Amendment No. 34 (this "Amendment") to Schedule 13D relates to ordinary shares, no par value (the "Ordinary Shares"), of CMB.TECH NV (the "Issuer") and amends and supplements the initial statement on Schedule 13D filed with the Commission on February 14, 2022, as amended by Amendment No. 1 thereto filed with the Commission on February 23, 2022, Amendment No. 2 thereto filed with the Commission on March 9, 2022, Amendment No. 3 thereto filed with the Commission on April 1, 2022, Amendment No. 4 thereto filed with the Commission on April 4, 2022, Amendment No. 5 thereto filed with the Commission on April 12, 2022, Amendment No. 6 thereto filed with the Commission on April 26, 2022, Amendment No. 7 thereto filed with the Commission on May 4, 2022, Amendment No. 8 thereto filed with the Commission on May 17, 2022, Amendment No. 9 thereto filed with the Commission on May 24, 2022, Amendment No. 10 thereto filed with the Commission on July 13, 2022, Amendment No. 11 thereto filed with the Commission on October 11, 2022, Amendment No. 12 thereto filed with the Commission on December 2, 2022, Amendment No. 13 thereto filed with the Commission on December 5, 2022, Amendment No. 14 thereto filed with the Commission on December 12, 2022, Amendment No. 15 thereto filed with the Commission on December 14, 2022, Amendment No. 16 thereto filed with the Commission on January 18, 2023, Amendment No. 17 thereto filed with the Commission on February 10, 2023, Amendment No. 18 thereto filed with the Commission on February 16, 2023, Amendment No. 19 thereto filed with the Commission on March 24, 2023, Amendment No. 20 thereto filed with the Commission on October 10, 2023, Amendment No. 21 thereto filed with the Commission on November 24, 2023, Amendment No. 22 thereto filed with the Commission on December 22, 2023, Amendment No. 23 thereto filed with the Commission on February 16, 2024, Amendment No. 24 thereto filed with the Commission on March 19, 2024, Amendment No. 25 thereto filed with the Commission on March 25, 2024, Amendment No. 26 thereto filed with the Commission on March 29, 2024, Amendment No. 27 thereto filed with the Commission on April 3, 2024, Amendment No. 28 thereto filed with the Commission on October 9, 2024, Amendment No. 29 thereto filed with the Commission on October 23, 2024, Amendment No. 30 thereto filed with the Commission on November 22, 2024, Amendment No. 31 thereto filed with the Commission on May 30, 2025, Amendment No. 32 thereto filed with the Commission on August 14, 2025 and Amendment No. 33 filed with the Commission on August 20, 2025 (as amended and supplemented, the "Original Schedule 13D," and as further amended and supplemented by this Amendment, the "Schedule 13D"). This Amendment is being filed to report the entry by Compagnie Maritime Belge NV ("CMB") into a USD 500,000,000 revolving credit facility and the grant of security over the Ordinary Shares beneficially owned by CMB, as described herein. Capitalized terms used but not defined in this Amendment No. 34 have the same meanings ascribed to them in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 34 does not modify any of the information previously reported in the Original Schedule 13D.
Item 4.	Purpose of Transaction
	On June 17, 2026, CMB entered into a USD 500,000,000 revolving credit facility agreement (the "Facility Agreement") and a securities pledge agreement (the "Securities Pledge Agreement") with certain banks. In connection with the transaction, CMB pledged all of its current and future Ordinary Shares of the Issuer as collateral for its obligations under the Facility Agreement. The pledged securities include the 178,726,458 Ordinary Shares directly held by CMB. The Facility Agreement and the Securities Pledge Agreement include financial and other covenants and customary events of default. The Facility Agreement refinanced $250,000,000 of the Borrower's existing USD 500,000,000 syndicated term loan facility agreement dated August 12, 2025 and provides a $250,000,000 revolving credit facility, the proceeds of which may be used for, among other things, asset acquisitions.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) - (e) of the Original Schedule 13D is hereby amended and restated as follows: The aggregate number of Ordinary Shares beneficially owned by each Reporting Person is set forth on line 11 of such Reporting Person's cover sheet and is incorporated herein. The percentage of outstanding Ordinary Shares that may be deemed to be beneficially owned by each Reporting Person is set forth on line 13 of such Reporting Person's cover sheet and is incorporated herein. Such percentage was calculated for each Reporting Person based 290,169,769 Ordinary Shares outstanding as of April 1, 2026 (not including treasury shares), as reported in the Issuer's annual report on Form 20-F, as filed with the Securities and Exchange Commission on April 21, 2026.
(b)	As of the date of this Schedule 13D, CMB directly owns 178,726,458 Ordinary Shares, and has the shared power to vote or direct the vote, and to dispose or direct the disposition, of 178,726,458 Ordinary Shares. Saverco NV directly owns 24,400 Ordinary Shares, and the Reporting Persons (other than CMB) do not directly own any Ordinary Shares. The Reporting Persons (other than CMB) have the shared power to vote or direct the vote, and to dispose or direct the disposition, of 178,750,858 Ordinary Shares.
(c)	None of the Reporting Persons nor (to the Reporting Persons' knowledge) any person set forth in Item 2 of the Original 13D, has engaged in any transactions in the Ordinary Shares during the past 60 days.
(d)	Except as disclosed in this Schedule 13D, to the best knowledge of the Reporting Persons, no other person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of Schedule 13D is hereby amended to add the following: The information set forth in Item 4 of this Schedule 13D is incorporated herein by reference.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Compagnie Maritime Belge NV

Signature:	/s/ Ludovic Saverys
Name/Title:	Ludovic Saverys, Chief Financial Officer
Date:	07/29/2026

Saverco NV

Signature:	/s/ Ludovic Saverys
Name/Title:	Ludovic Saverys, Director
Date:	07/29/2026

Alexander Saverys

Signature:	/s/ Alexander Saverys
Name/Title:	Alexander Saverys
Date:	07/29/2026

Ludovic Saverys

Signature:	/s/ Ludovic Saverys
Name/Title:	Ludovic Saverys
Date:	07/29/2026

Michael Saverys

Signature:	/s/ Michael Saverys
Name/Title:	Michael Saverys
Date:	07/29/2026