Checked.be
Active
BE 0436.914.526Public limited company
BULKHAUL BELGIUM
Opgeëistenlaan 8 ·9000 Gent, Belgium· 37 yrs active
Sector: Goederenvervoer over zee- en kustwateren
(50200)
Conclusion
The computed 12-month bankruptcy probability of BULKHAUL BELGIUM is 0.1% (very low). The 2025 annual accounts show equity of €865k and a net result of €26k. Equity is growing by ~3.8% per year across the filed fiscal years. The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Key figures
| Equity | €865k |
| Net result | €26k |
| Staff (FTE) | 2.9 |
| Active | 37 yrs |
Financial profile
69
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
15
Solvency
100
Growth
42
Stability
100
Bankruptcy probability (12 mo)
0.1%
Very low
0%0,5%1,5%4%10%≥25%
Long track record
−Lower-failure-rate sector
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1989, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 08-12-2025 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€955k
+0.5%
19-25
€68k
+14.6%
19-25
€26k
-13.5%
19-25
€45k
+24.7%
19-25
€997k
+5.5%
19-25
€865k
+3.1%
19-25
€809k
+5.4%
19-25
3
-14.7%
19-25
Show 13 other metrics
€289k
-5.8%
19-25
€20k
+0.8%
19-25
€132k
+24.4%
19-25
€110k
+29.6%
19-25
8.38
-16.8%
19-25
8.38
-16.8%
19-25
86.8%
-2.3%
19-25
0.15
+20.7%
19-25
3.0%
-16.1%
19-25
2.6%
-18.0%
19-25
3.2%
+6.9%
19-25
6.2%
+4.2%
19-25
26.49
-36.1%
19-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €68k |
| Net profit | €26k |
| Cash flow | €45k |
| Staff costs | €289k |
| Income taxes | €20k |
| Dividends | - |
| Total assets | €997k |
| Equity | €865k |
| Debt | €132k |
| of which ≤ 1y | €110k |
| of which > 1y | - |
| Working capital | €809k |
| Employees (FTE) | 2.9 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 8.38 |
| Quick ratio | 8.38 |
| Working capital ratio | 81.1% |
| Solvency | 86.8% |
| Debt / equity | 0.15 |
| Long-term debt ratio | - |
| Interest coverage | 26.49 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.6% |
| ROE | 3.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €997k |
| Fixed assets | 21/28 | €79k |
| Tangible fixed assets | 22/27 | €69k |
| Financial fixed assets | 28 | €10k |
| Current assets | 29/58 | €918k |
| Amounts receivable within one year | 40/41 | €864k |
| Cash & bank | 54/58 | €42k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €997k |
| Equity | 10/15 | €865k |
| Contributions / capital | 10/11 | €84k |
| Reserves | 13 | €781k |
| Amounts payable | 17/49 | €132k |
| Amounts payable within one year | 42/48 | €110k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €356k |
| Operating result | 9901 | €48k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €46k |
| Income taxes | 67/77 | €20k |
| Net result for the period | 9904 | €26k |
| Result to be appropriated | 9905 | €26k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
Current directors & mandates
-
BAUTS, Philippe Raymond GaspardDirectorState Gazette act 24374785 (11-03-2024)Current11-03-2024 → present
2 events
- 11-03-2024 Appointed· Director
- 11-03-2024 Appointed· Managing director
-
MARAIN, Chris Armand MarthaDirectorState Gazette act 24374785 (11-03-2024)Current11-03-2024 → present
2 events
- 11-03-2024 Appointed· Director
- 11-03-2024 Appointed· Managing director
-
O’NEILL, Michael DavidDirectorState Gazette act 24374785 (11-03-2024)Current11-03-2024 → present
-
Bauts PhilippeGedelegeerd bestuurder en voorzitter van de raad van bestuurState Gazette act 24025806 (09-02-2024)Current07-03-2017 → present
4 events
- 09-02-2024 Appointed· Gedelegeerd bestuurder en voorzitter van de raad van bestuur
- 07-03-2017 Appointed· Director
- 07-03-2017 Appointed· Managing director
- 07-03-2017 Appointed· Voorzitter raad van bestuur
-
GIBSON, StephenDirectorState Gazette act 24374785 (11-03-2024)Current07-03-2017 → present
2 events
- 11-03-2024 Appointed· Director
- 07-03-2017 Appointed· Director
-
JACKSON, TerryDirectorState Gazette act 24374785 (11-03-2024)Current07-03-2017 → present
2 events
- 11-03-2024 Appointed· Director
- 07-03-2017 Appointed· Director
Show 1 more sitting directors
-
Marain ChrisManaging directorState Gazette act 24025806 (09-02-2024)Current07-03-2017 → present
3 events
- 09-02-2024 Appointed· Managing director
- 07-03-2017 Appointed· Director
- 07-03-2017 Appointed· Managing director
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
M. O'NEILLDirectorState Gazette act 17035572 (07-03-2017)Not recently confirmedlast confirmed in an act from 2017
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Steven VanderhaegenCurrent Statutory auditor |
- | 14-08-2006 → present |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Legal Structure
| NACE primary | Goederenvervoer over zee- en kustwateren(50200) |
| Legal form | Public limited company(014) |
| Incorporation | 01-03-1989 |
| Status | Active |
| Postal code | 9000 |
Establishment units
Opgeëistenlaan 8, 9000 Gent
since 20002.042.994.895
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A0016/00Y000 | Flanders | 1,240 m² | 1 · 500 m² | 18.8 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
08-12-2025
NBB filing
Annual accounts filed
2024
13-12-2024
NBB filing
Annual accounts filed
10-06-2024
State Gazette act
Director changes
11-03-2024
State Gazette act
Director changes
09-02-2024
State Gazette act
Director changes
08-01-2024
NBB filing
Annual accounts filed
2023
30-01-2023
NBB filing
Annual accounts filed
2022
28-01-2022
NBB filing
Annual accounts filed
2021
03-02-2021
State Gazette act
Director changes
27-01-2021
NBB filing
Annual accounts filed
2020
29-01-2020
NBB filing
Annual accounts filed
2019
21-01-2019
NBB filing
Annual accounts filed
2018
17-04-2018
State Gazette act
Director changes
26-01-2018
NBB filing
Annual accounts filed
2017
07-03-2017
State Gazette act
Director changes
27-01-2017
NBB filing
Annual accounts filed
2015
23-01-2015
State Gazette act
Director changes
2006
14-08-2006
State Gazette act
Director changes
Belgian State Gazette reading coverage
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 8
updated 2 years ago
2024
10-06-2024 Steven Vanderhaegen appointed as statutory auditor
- Steven Vanderhaegen, Commissaris
Summary:
v3.2
Technical details
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}11-03-2024 7 directors appointed
- MARAIN, Chris Armand Martha, Bestuurder
- BAUTS, Philippe Raymond Gaspard, Bestuurder
- JACKSON, Terry, Bestuurder
- GIBSON, Stephen, Bestuurder
- O’NEILL, Michael David, Bestuurder
- MARAIN, Chris Armand Martha, Gedelegeerd bestuurder
- BAUTS, Philippe Raymond Gaspard, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
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}09-02-2024 2 directors appointed
- Bauts Philippe, Gedelegeerd bestuurder en voorzitter van de raad van bestuur
- Marain Chris, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
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}2021
03-02-2021 Steven Vanderhaegen appointed as statutory auditor
- Steven Vanderhaegen, Commissaris
Summary:
v3.2
Technical details
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}2018
17-04-2018 Steven Vanderhaegen appointed as statutory auditor
- Steven Vanderhaegen, Commissaris
Summary:
v3.2
Technical details
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}2017
07-03-2017 8 directors appointed
- Terry JACKSON, Bestuurder
- Philippe BAUTS, Bestuurder
- M. O'NEILL, Bestuurder
- Chris MARAIN, Bestuurder
- Stephen GIBSON, Bestuurder
- Chris MARAIN, Gedelegeerd bestuurder
- Philippe BAUTS, Gedelegeerd bestuurder
- Philippe BAUTS, Voorzitter raad van bestuur
Summary:
v3.2
Technical details
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"subject_company": {
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"name_full": "BULKHAUL BELGIUM"
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}2015
23-01-2015 Steven Vanderhaegen appointed as statutory auditor
- Steven Vanderhaegen, Commissaris
Summary:
v3.2
Technical details
{
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"subject_company": {
"kbo": "0436.914.526",
"name_full": "Bulkhaul Belgium"
}
}2006
14-08-2006 Steven Vanderhaegen appointed as statutory auditor
- Steven Vanderhaegen, Commissaris
Summary:
v3.2
Technical details
{
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"role": "commissaris",
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],
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"act_meta": {
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"subject_company": {
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}
}Credit advice
Company registry (CBE)
Activities
Goederenvervoer over zee- en kustwateren50200Logistieke diensten52250Overige vervoerondersteunende activiteiten52290Zee- en kustvaart61100Bevrachting63402
Primary activity highlighted.
Names & trade names
| Legal nameNL | BULKHAUL BELGIUM |
Registered office
Opgeëistenlaan 8 bus 302
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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