Euronav NV Files 20-F Annual Report for Fiscal Year Ended December 31, 2023

Ticker: CMBT · Form: 20-F · Filed: Apr 11, 2024 · CIK: 1604481

Euronav NV 20-F Filing Summary
FieldDetail
CompanyEuronav NV (CMBT)
Form Type20-F
Filed DateApr 11, 2024
Risk Levellow
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: Euronav NV, 20-F Filing, Annual Report, Shipping Industry, Financials

TL;DR

<b>Euronav NV submitted its 20-F annual report detailing its 2023 fiscal year operations and financial standing.</b>

AI Summary

Euronav NV (CMBT) filed a Foreign Annual Report (20-F) with the SEC on April 11, 2024. Euronav NV filed its 20-F annual report on April 11, 2024, for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business is the deep sea foreign transportation of freight. The filing includes financial data and disclosures for the fiscal year 2023. Key dates related to the filing and reporting periods are detailed.

Why It Matters

For investors and stakeholders tracking Euronav NV, this filing contains several important signals. This 20-F filing provides a comprehensive overview of Euronav's financial performance and operational activities for the 2023 fiscal year, crucial for investors assessing the company's health and future prospects. The report contains detailed financial statements and risk factors, enabling stakeholders to understand the company's exposure to market fluctuations and operational challenges within the shipping industry.

Risk Assessment

Risk Level: low — Euronav NV shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, significant negative news or financial distress indicators.

Analyst Insight

Review the detailed financial statements and risk factors within the 20-F filing to assess Euronav's performance and potential risks for the 2023 fiscal year.

Key Numbers

Key Players & Entities

FAQ

When did Euronav NV file this 20-F?

Euronav NV filed this Foreign Annual Report (20-F) with the SEC on April 11, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by Euronav NV (CMBT).

Where can I read the original 20-F filing from Euronav NV?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Euronav NV.

What are the key takeaways from Euronav NV's 20-F?

Euronav NV filed this 20-F on April 11, 2024. Key takeaways: Euronav NV filed its 20-F annual report on April 11, 2024, for the fiscal year ending December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal business is the deep sea foreign transportation of freight..

Is Euronav NV a risky investment based on this filing?

Based on this 20-F, Euronav NV presents a relatively low-risk profile. The filing is a standard annual report (20-F) and does not contain immediate, significant negative news or financial distress indicators.

What should investors do after reading Euronav NV's 20-F?

Review the detailed financial statements and risk factors within the 20-F filing to assess Euronav's performance and potential risks for the 2023 fiscal year. The overall sentiment from this filing is neutral.

How does Euronav NV compare to its industry peers?

Euronav NV operates in the maritime transportation sector, specifically focusing on the international shipping of crude oil and petroleum products.

Are there regulatory concerns for Euronav NV?

As a foreign private issuer, Euronav NV files an annual report on Form 20-F with the U.S. Securities and Exchange Commission (SEC), which is a substitute for the annual report on Form 10-K.

Industry Context

Euronav NV operates in the maritime transportation sector, specifically focusing on the international shipping of crude oil and petroleum products.

Regulatory Implications

As a foreign private issuer, Euronav NV files an annual report on Form 20-F with the U.S. Securities and Exchange Commission (SEC), which is a substitute for the annual report on Form 10-K.

What Investors Should Do

  1. Analyze the financial statements within the 20-F for revenue, net income, and balance sheet details for FY 2023.
  2. Review the 'Risk Factors' section to understand potential challenges and uncertainties facing Euronav.
  3. Examine any disclosures related to corporate governance and executive compensation.

Key Dates

Year-Over-Year Comparison

This is the initial 20-F filing for the fiscal year 2023, following previous filings for prior periods.

Filing Stats: 4,513 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-04-10 18:34:12

Filing Documents

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No X TABLE OF CONTENTS Page ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 1 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 1 ITEM 3. KEY INFORMATION 1 ITEM 4. INFORMATION ON THE COMPANY 35 ITEM 4A. UNRESOLVED STAFF COMMENTS 73 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 74 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 97 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS. 111 ITEM 8. FINANCIAL INFORMATION 112 ITEM 9. OFFER AND THE LISTING 114 ITEM 10. ADDITIONAL INFORMATION 115 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 136 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 136 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 137 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 137 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 137

6

ITEM 1 6 . [RESERVED] 138 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 138 ITEM 16B. CODE OF ETHICS 138 ITEM 16C. PRINCIPAL ACCOUNTING FEES AND SERVICES 139 ITEM 16D. EXEMPTIONS FROM LISTING STANDARDS FOR AUDIT COMMITTEES 140 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASES 143 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 140 ITEM 16G. CORPORATE GOVERNANCE 140 ITEM 16H. MINE SAFETY DISCLOSURE 141 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 145 ITEM 16J. INSIDER TRADING POLICIES 145 ITEM 16K. CYBERSECURITY 145 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 144 TABLE OF CONTENTS ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 144 ITEM 19. EXHIBITS 145 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND RISK FACTORS SUMMARY Matters discussed in this report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection therewith. This report and any other written or oral statements made by us or on our behalf may include forward-looking statements, which reflect our current views with respect to future events and financial performance, and are not intended to give any assurance as to future results. When used in this document, the words "believe," "expect," "anticipate," "estimate," "intend," "seek", "plan," "target," "project," "potential", "continue", "contemplate", "possible", "likely," "may," "might", "will," "would," "could" and similar expressions, terms, or phrases may identify forward-looking statements. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about the business and our future financial results and readers should not place undue reliance on them. The forward-looking statements in this report are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION

ITEM 3. KEY INFORMATION Throughout this report, all references to "Euronav", the "Company", "we", "our", and "us" refer to Euronav NV and its subsidiaries and all references to "Euronav NV" refer to Euronav NV and not to its subsidiaries. Unless otherwise indicated, all references to "U.S. dollars", "USD", "dollars", "US$" and "$" in this annual report are to the lawful currency of the United States of America and references to "Euro", "EUR", and "" are to the lawful currency of Belgium. We refer to our "U.S. Shares" as those shares of Euronav with no par value that are reflected in the U.S. component of our share register, or the U.S. Register, that is maintained by Computershare Trust Company N.A, or Computershare, our U.S. transfer agent and registrar, and are formatted for trading on the New York Stock Exchange, or the NYSE. The U.S. Shares are identified by CUSIP B38564 108. We refer to our "Belgian Shares" as those shares of Euronav with no par value that are reflected in the Belgian component of our share register, or the Belgian Register, that is maintained by De Interprofessionele Effectendeposito- en Girokas (CIK) NV (acting under the commercial name Euroclear Belgium), or Euroclear Belgium, our agent, and are formatted for trading on Euronext Brussels. The Belgian Shares are identified by ISIN BE0003816338. Our U.S. Shares and our Belgian Shares taken together are collectively referred to as our "ordinary shares." For further discussion of the maintenance of our share register, please see "Item 10. Additional Information —B. Memorandum and Coordinated Articles of Association—Share Register." A. [Reserved] B. Capitalization and Indebtedness Not applicable C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors Investing in our securities involves risk. We expect to be exposed to some or all of the risks described below in our future operations. Risks to us include, but are not limited to, the risk factors described belo

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