ANCORA SHIPPING

Active

Private limited companyfounded 20223 yrs activeKapelstraat 99, 2910 Essen, BelgiumKBO/BCE: BE 0792.465.254

Summary

ANCORA SHIPPING has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,263) and a net result of €22,322. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch Report Compare

ANCORA SHIPPINGActiveChecked score 56/100

Risk analysis Report Compare

Activity

Inland freight water transport

NACE 50400

1 site

Size

€250,213total assets 2025

Equity: -€37,263
Profit: €22,322

Turnover not published (abridged schema)

Financial health

56 Fair Checked score 2025

Bankruptcy chance 12 m: 0.4%

Structure

Accounts filed 27 d late0 of 3 deeds read

Why 56Capped at 59: negative equity- Negative equity -€37,263- 1 change of registered office in 24 months+ Sector Water transport (NACE 50)+ Liquidity: current ratio 1.81, cash €135,682Show the evidence

Checked score

Score 2025

56 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 53% of its sector peers (NACE 50, micro)

Performance against the sector, not lower risk

Negative equity caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 10+10

equity -14.9% of total assets

Liquidity 72+22

short-term debt 54.9% · cash 54.2%

Profitability 60+60

return on assets 8.9%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (262 companies)

Last 21 months 02-2025: 0.4% 03-2025: 0.4%▲ +0.5% vs 02-2025 04-2025: 0.4%● 0.0% vs 03-2025 05-2025: 0.4%▲ +1.9% vs 04-2025 06-2025: 0.4%▼ -3.5% vs 05-2025lowest value 07-2025: 0.4%▲ +4.7% vs 06-2025 08-2025: 0.6%▲ +50.8% vs 07-2025 09-2025: 0.6%▲ +9.6% vs 08-2025 10-2025: 2.3%▲ +268% vs 09-2025 11-2025: 2.4%▲ +2.1% vs 10-2025highest value 12-2025: 1.4%▼ -42.1% vs 11-2025 01-2026: 1.4%● 0.0% vs 12-2025 02-2026: 1.4%● 0.0% vs 01-2026 03-2026: 1.3%▼ -1.0% vs 02-2026 04-2026: 1.3%● 0.0% vs 03-2026 05-2026: 1.2%▼ -8.7% vs 04-2026 06-2026: 1.1%▼ -11.4% vs 05-2026 07-2026: 1.1%▲ +3.1% vs 06-2026 08-2026: 1.6%▲ +41.5% vs 07-2026 09-2026: 0.5%▼ -71.5% vs 08-2026 10-2026: 0.4%▼ -1.5% vs 09-2026

Sector Water transport (NACE 50) lowers the probability
Negative equity -€37,263 raises the probability
Liquidity: current ratio 1.81, cash €135,682 lowers the probability
1 change of registered office in 24 months raises the probability

No credit on open account

Liquidity ample (current ratio 1.81; short-term debt: 54.9% and cash: 54.2% of total assets), but equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 50, micro). Better than this share of them on solvency 15%, liquidity 72%, profitability 41%, growth against the median 84%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Water transport (NACE 50)

In the bankruptcy model this factor lowers the probability.

KBO

Negative equity -€37,263

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Liquidity: current ratio 1.81, cash €135,682

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 128 sector peers (2025).

NBB · sector comparison

Position among 128 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

27 d late

2024

89 d late

2023

29 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (3 of the last 3 filed years within 59 days of that day).

Companies Code · seven months

Position in the running window

03-10-2026 today31-12-2026 close31-07-2027 deadline

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

27-08-26 Annual accounts filedfiscal year 2025 · micro…
31-12-25 Back to profitnet €22,322
31-12-25 Liquidity times 83current ratio 1.81

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€37,263 View
Caution: Among the weakest 15% on equitysector median €108,523 · 128 companies -€37,263 View
Total assets 20253 fiscal years filed €250,213 View