BECARGO
ActiveSummary
BECARGO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €605,724 and a net result of €2,095. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 732 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+25
Solvency100=
Growth48=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.73 against 4.53 in 2024; short-term debt: 16.7% and cash: 8.9% of total assets), and 16.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.3%
Return on assets
0.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
2 d early
2023
83 d late
2022
448 d late
2021
432 d late
2020
27 d late
2019
32 d late
← 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 141 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 22 January (4 of the last 5 filed years within 349 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€425,731▲ 1.5%
2023 · €419,290
EBIT margin
-14.3%▼ 15.7pp
2023 · 1.5%
Net result
€2,095
2024 · -€67,270
Working capital
€452,625▲ 2.7%
2024 · €440,560
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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€419,290€425,731▲ 1.5%
Operating result€47,481▲ 29.9%€325,779▲ 586%€6,143▼ 98.1%-€60,691€10,278
Net result€26,160within the sector's middle half▲ 29.1%€209,953within the sector's middle half▲ 703%€103,995within the sector's middle half▼ 50.5%-€67,270below the sector's middle half€2,095within the sector's middle half
EBIT margin1.5%-14.3%▼ 15.7pp
Equity€356,952within the sector's middle half▲ 7.9%€566,905within the sector's middle half▲ 58.8%€670,899within the sector's middle half▲ 18.3%€603,629within the sector's middle half▼ 10.0%€605,724within the sector's middle half▲ 0.3%
Total assets€2.6mwithin the sector's middle half▼ 14.5%€888,938within the sector's middle half▼ 65.9%€925,209below the sector's middle half▲ 4.1%€728,844below the sector's middle half▼ 21.2%€727,250within the sector's middle half▼ 0.2%
Debt€2.2m▼ 17.3%€322,033▼ 85.7%€254,309▼ 21.0%€125,215▼ 50.8%€121,526▼ 2.9%
Working capital€156,724within the sector's middle half▼ 23.8%€268,626within the sector's middle half▲ 71.4%€392,685within the sector's middle half▲ 46.2%€440,560within the sector's middle half▲ 12.2%€452,625within the sector's middle half▲ 2.7%
Solvency13.7%within the sector's middle half▲ 2.9pp63.8%above the sector's middle half▲ 50.1pp72.5%above the sector's middle half▲ 8.7pp82.8%above the sector's middle half▲ 10.3pp83.3%above the sector's middle half▲ 0.5pp
Current ratio1.07within the sector's middle half▼ 0.011.84within the sector's middle half▲ 0.772.55above the sector's middle half▲ 0.714.53above the sector's middle half▲ 1.984.73above the sector's middle half▲ 0.19
Return on assets (ROA)1.0%within the sector's middle half▲ 0.3pp23.6%above the sector's middle half▲ 22.6pp11.2%above the sector's middle half▼ 12.4pp-9.2%below the sector's middle half▼ 20.5pp0.3%within the sector's middle half▲ 9.5pp
Staff (FTE)5.8within the sector's middle half▼ 19.4%3.4within the sector's middle half▼ 41.4%2below the sector's middle half▼ 41.2%2.6below the sector's middle half▲ 30.0%1.1within the sector's middle half▼ 57.7%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -50% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10,278 after a loss of €60,691 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €727,250
Fixed assets
€153,202 ▼ 6.3%
Current assets
€574,048 ▲ 1.6%
Equity and liabilities €727,250
Equity
€605,724 ▲ 0.3%
Debt
€121,526 ▼ 2.9%
Debt's share of the balance-sheet total falls from 17.2% to 16.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,781▲
2024 · -€41,658
Cash flow
€14,598▲
2024 · -€48,237
Debt to equity
0.20▼
2024 · 0.21
ROE
0.3%▲
2024 · -11.1%
Interest coverage
1.31▲
2024 · -2729.86
Debt ≤ 1 year
€121,423▼
2024 · €124,710
Income taxes
€82
Staff costs
€61,095▼
2024 · €120,880
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 10,905 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €421,934 | €427,579 | - | - |
| Turnover70 | - | - | €419,290 | €425,731 | - | - |
| Other operating income74 | - | - | €2,644 | €1,848 | - | - |
| Operating charges60/66A | - | - | €415,791 | €488,270 | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €73,072 | €87,997 | - | - |
| Purchases600/8 | - | - | €73,072 | €87,997 | - | - |
| Services and other goods61 | - | - | €215,844 | €258,570 | - | - |
| Remuneration, social security and pensions62 | €252,374 | €138,437 | €95,426 | €120,880 | €61,095 | ▼ 49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,923 | €27,287 | €25,343 | €19,033 | €12,503 | ▼ 34.3% |
| Other operating charges640/8 | €8,977 | €15,507 | €6,106 | €1,789 | €6,623 | ▲ 270% |
| Gross operating margin9900 | €335,755 | €507,010 | - | - | €90,499 | - |
| Operating profit (loss)9901 | €47,481 | €325,779 | €6,143 | -€60,691 | €10,278 | ▲ 117% |
| Financial income75/76B | €1,918 | €15 | €142,360 | €1,574 | €9,232 | ▲ 487% |
| Recurring financial income75 | €1,918 | €15 | €411 | €1,574 | €9,232 | ▲ 487% |
| Income from current assets751 | - | - | - | €923 | - | - |
| Other financial income752/9 | - | - | €411 | €651 | - | - |
| Non-recurring financial income76B | - | - | €141,949 | - | - | - |
| Financial charges65/66B | €7,752 | €8,021 | €7,775 | €8,153 | €17,333 | ▲ 113% |
| Recurring financial charges65 | €7,752 | €8,021 | €7,775 | €8,153 | €17,333 | ▲ 113% |
| Debt charges650 | - | - | €2 | €15 | - | - |
| Other financial charges652/9 | - | - | €7,773 | €8,138 | - | - |
| Profit (loss) for the period before taxes9903 | €41,646 | €317,773 | €140,728 | -€67,270 | €2,177 | ▲ 103% |
| Income taxes67/77 | €15,486 | €107,820 | €36,733 | - | €82 | - |
| Taxes670/3 | - | - | €36,733 | - | - | - |
| Profit (loss) for the period9904 | €26,160 | €209,953 | €103,995 | -€67,270 | €2,095 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €26,160 | €209,953 | €103,995 | -€67,270 | €2,095 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €888,938 | €925,209 | €728,844 | €727,250 | ▼ 0.2% |
| Fixed assets21/28 | €208,369 | €301,081 | €279,738 | €163,574 | €153,202 | ▼ 6.3% |
| Intangible fixed assets21 | €52,135 | €36,471 | €20,828 | €7,094 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €24,401 | €27,643 | €21,943 | €17,246 | €13,888 | ▼ 19.5% |
| Plant, machinery and equipment23 | €10,614 | €7,221 | €4,146 | €3,604 | €2,310 | ▼ 35.9% |
| Furniture and vehicles24 | €13,787 | €7,872 | €3,743 | €2,084 | €665 | ▼ 68.1% |
| Other tangible fixed assets26 | - | €12,550 | €14,054 | €11,558 | €10,913 | ▼ 5.6% |
| Financial fixed assets28 | €131,833 | €236,968 | €236,968 | €139,234 | €139,314 | ▲ 0.1% |
| Other financial fixed assets284/8 | - | - | €236,968 | €139,234 | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €236,968 | €139,234 | - | - |
| Current assets29/58 | €2.4m | €587,856 | €645,470 | €565,271 | €574,048 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €1.9m | €127,636 | €151,789 | €247,457 | €215,104 | ▼ 13.1% |
| Trade receivables40 | €1.8m | €126,802 | €145,844 | €170,429 | €157,510 | ▼ 7.6% |
| Other amounts receivable41 | €157,086 | €834 | €5,944 | €77,029 | €57,595 | ▼ 25.2% |
| Current investments50/53 | - | - | - | €266,000 | €266,000 | = |
| Other investments51/53 | - | - | - | €266,000 | - | - |
| Cash at bank and in hand54/58 | €447,105 | €453,984 | €487,868 | €48,961 | €64,644 | ▲ 32.0% |
| Deferred charges and accrued income490/1 | €2,488 | €6,237 | €5,813 | €2,853 | €28,300 | ▲ 892% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €888,938 | €925,209 | €728,844 | €727,250 | ▼ 0.2% |
| Equity10/15 | €356,952 | €566,905 | €670,899 | €603,629 | €605,724 | ▲ 0.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €338,352 | €548,305 | €652,299 | €585,029 | €587,124 | ▲ 0.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €336,492 | €546,445 | €650,439 | €583,169 | €585,264 | ▲ 0.4% |
| Amounts payable17/49 | €2.2m | €322,033 | €254,309 | €125,215 | €121,526 | ▼ 2.9% |
| Amounts payable within one year42/48 | €2.2m | €319,230 | €252,786 | €124,710 | €121,423 | ▼ 2.6% |
| Trade debts44 | €1.4m | €192,817 | €122,516 | €106,972 | €110,548 | ▲ 3.3% |
| Suppliers440/4 | €1.4m | €192,817 | €122,516 | €106,972 | €110,548 | ▲ 3.3% |
| Advances received on contracts in progress46 | €761,167 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €49,415 | €119,271 | €126,061 | €15,132 | €6,406 | ▼ 57.7% |
| Taxes450/3 | €17,003 | €110,971 | €110,889 | - | €12 | - |
| Remuneration and social security454/9 | €32,412 | €8,299 | €15,172 | €15,132 | €6,394 | ▼ 57.7% |
| Other amounts payable47/48 | €6,788 | €7,143 | €4,209 | €2,606 | €4,469 | ▲ 71.4% |
| Accrued charges and deferred income492/3 | €8,141 | €2,803 | €1,523 | €505 | €103 | ▼ 79.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,160 | €209,953 | €103,995 | -€67,270 | €2,095 | ▲ 103% |
| + Depreciation and write-downs630 | €26,923 | €27,287 | €25,343 | €19,033 | €12,503 | ▼ 34.3% |
| Operating cash flow (approximation) | €53,083 | €237,239 | €129,338 | -€48,237 | €14,598 | ▲ 130% |
| Investment in fixed assets (approximation) | - | -€119,999 | -€4,000 | €97,131 | -€2,131 | ▼ 102% |
| Change in cash | - | €6,879 | €33,884 | -€438,908 | €15,683 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Back to profitnet €2,095
Net result €2,095 after one loss-making year.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet -€67,270
Net result drops to -€67,270, the lowest in the series; recovery starts the following year.
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 83 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 448 days late
2023
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 432 days late
2022
31-03
Financial
Equity above €500,000Eq €566,905 ▲58.8%
4 profitable years in a row build equity to €566,905.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2010
Ground area
1.0 ha
Building footprint
2,537 m²
Volume, LiDAR
19,595 m³
2 parcels, Flanders, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BECARGO
since 20102.187.437.496
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62054A0023/00H000 | Wallonia | 9,991 m² | 1 · 2,323 m² | 9.7 m · 2 fl. |
| 71328D0089/00B002 | Flanders | 230 m² | 1 · 214 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,148 EUR awarded · 1,148 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,148 EUR | 1,148 EUR |
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,344 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-04-2010
Fiscal year end31-03
Activities, NACEBEL 2025
52250Logistics services
49410Freight transport by road
52100Warehousing and storage
Contact
Website
www.becargo.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825145148
Also
9925:BE0825145148
Registered
26-09-2025
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.