Checked.be
Active
BE 0870.338.933Private limited company
CARGO
A. Verhasseltstraat 2 ·1780 Wemmel, Belgium· 21 yrs active
Sector: Production of cinema films
(59111)
Conclusion
CARGO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 1461 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €34k |
| Net result | €25k |
| Better than sector | 73% |
| Active | 21 yrs |
Financial profile
96
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2004, 21 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.
Checked score
100
/ 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.
Indicative credit limit
€4k
estimate, not credit advice
Score history
73
2021
52
2022
70
2023
93
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.69 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.69 (≥ 1.0)
+5
Leverage
Debt/equity 0.38 (< 1.0)
+10
Profitability
ROE 75% (≥ 10%)
+10
Interest coverage
Interest coverage 207.5× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 11-08-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.7% | 49.3% | |
| Net result | €25k | €6k | |
| Equity | €34k | €45k | |
| Gross operating margin | €38k | €23k | |
| Total assets | €47k | €103k |
€38k
-
21-25
€25k
+285.4%
21-25
€25k
-
21-25
€47k
+319.1%
21-25
€34k
+259.3%
21-25
€33k
+237.6%
21-25
€12k
-
21-25
€833
-
21-25
€13k
+651.2%
21-25
€12k
+849.4%
21-25
3.69
-56.9%
21-25
3.69
-56.9%
21-25
72.7%
-14.3%
21-25
0.38
+109.1%
21-25
74.6%
+7.3%
21-25
54.2%
-8.0%
21-25
207.47
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €38k | - | - | €-3k | €496 |
| Net profit | €25k | €7k | €-1k | €-4k | €-679 |
| Cash flow | €25k | - | - | €-3k | €460 |
| Staff costs | - | - | - | - | - |
| Income taxes | €12k | - | - | - | - |
| Dividends | €833 | - | - | - | - |
| Total assets | €47k | €11k | €5k | €5k | €8k |
| Equity | €34k | €9k | €3k | €4k | €8k |
| Debt | €13k | €2k | €2k | €727 | €500 |
| of which ≤ 1y | €12k | €1k | €2k | €727 | €500 |
| of which > 1y | - | - | - | - | - |
| Working capital | €33k | €10k | €3k | €4k | €7k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.69 | 8.56 | 2.59 | 6.49 | 14.25 |
| Quick ratio | 3.69 | 8.56 | 1.71 | 6.49 | 14.25 |
| Working capital ratio | 71.2% | 88.3% | 61.4% | 84.6% | 80.2% |
| Solvency | 72.7% | 84.7% | 61.4% | 84.6% | 93.9% |
| Debt / equity | 0.38 | 0.18 | 0.63 | 0.18 | 0.06 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 207.47 | - | - | -66.42 | 13.80 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 54.2% | 59.0% | -23.8% | -79.8% | -8.2% |
| ROE | 74.6% | 69.6% | -38.8% | -94.3% | -8.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €47k | €11k | €5k | €5k | €8k |
| Fixed assets | 21/28 | €1k | - | - | €0 | €1k |
| Tangible fixed assets | 22/27 | €1k | - | - | €0 | €1k |
| Current assets | 29/58 | €46k | €11k | €5k | €5k | €7k |
| Stocks & contracts in progress | 3 | - | €0 | €2k | - | - |
| Amounts receivable within one year | 40/41 | €506 | €5k | €2k | €1k | €1k |
| Cash & bank | 54/58 | €45k | €6k | €1k | €4k | €3k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €47k | €11k | €5k | €5k | €8k |
| Equity | 10/15 | €34k | €9k | €3k | €4k | €8k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k | €12k |
| Reserves | 13 | €22k | €0 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €0 | €-3k | €-11k | €-10k | €-6k |
| Amounts payable | 17/49 | €13k | €2k | €2k | €727 | €500 |
| Amounts payable within one year | 42/48 | €12k | €1k | €2k | €727 | €500 |
| Trade debts payable within one year | 44 | €2k | €605 | €2k | €500 | €500 |
| Income statement | ||||||
| Gross operating margin | 9900 | €38k | €7k | €-678 | €-2k | €496 |
| Operating result | 9901 | €38k | €6k | €-1k | €-4k | €-643 |
| Financial income | 75 | €21 | €204 | - | - | - |
| Financial charges | 65 | €183 | €62 | - | €39 | €36 |
| Result before taxes | 9903 | €38k | €7k | €-1k | €-4k | €-679 |
| Income taxes | 67/77 | €12k | - | - | - | - |
| Net result for the period | 9904 | €25k | €7k | €-1k | €-4k | €-679 |
| Result to be appropriated | 9905 | €25k | €7k | €-1k | €-4k | €-679 |
Directors & mandates
Current directors & mandates
-
Current10-12-2025 → present
Former directors (3)
-
Former20-11-2024 → 10-12-2025
2 events
- 10-12-2025 Resigned· Director
- 20-11-2024 Appointed· Director
-
Former05-06-2019 → 20-08-2024
3 events
- 20-08-2024 Resigned· Director
- 13-07-2023 Mandate renewed· Director
- 05-06-2019 Appointed· Manager
-
Former- → 05-06-2019
Legal Structure
| NACE primary | Production of cinema films(59111) |
| Legal form | Private limited company(610) |
| Incorporation | 22-11-2004 |
| Status | Active |
| Postal code | 1780 |
Establishment units
CARGO
since 20042.145.577.840
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0519/00N000 | Flanders | 1,211 m² | 1 · 306 m² | 18.0 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Highest result since 2021net €25k ▲285%
Operating result €38k, net result €25k, both a record.
30-12
State Gazette act
Director changes
v3.2
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
17-06
State Gazette act
Registered-office change
v3.2
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 8.56
Current ratio from 2.59 to 8.56; short-term debt falls from €2k to €1k.
04-12
State Gazette act
Director changes
v3.2
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
13-07
State Gazette act
Director changes
v3.2
2022
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
27-06
State Gazette act
Director changes
v3.2
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2013
02-12
State Gazette act
Registered-office change
v3.2
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 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
Address history · 2
17-06-2025
v3.2
02-12-2013
v3.2
All acts · 6
updated 8 months ago
2025
30-12-2025 1 director appointed, 1 resigning
- Mikaïl François, Bestuurder
- Ivo Claeys, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ivo Claeys",
"address": null,
"birth_date": null
},
"effective_date": "2025-12-10",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van Ivo Claeys, met woonplaats te 9255 Buggenhout Patersstraat 2, als niet-statutaire bestuurder, en dit met ingang op 10/12/2025. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Mika\u00EFl Fran\u00E7ois",
"address": null,
"birth_date": null
},
"effective_date": "2025-12-10",
"evidence_quote": "De algemene vergadering beslist tot de benoeming van Mikail Fran\u00E7ois, met woonplaats te 1840 Londerzeel Achterheide 23/4, als niet-statutaire bestuurder, en dit met ingang op 10/12/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0870.338.933",
"name_full": "CARGO",
"legal_form": "BV"
}
}17-06-2025 Registered office moved from Londerzeel to Wemmel
- Bogaarden 15, 1840 Londerzeel → A. Verhasseltstraat 2, 1780 Wemmel
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Wemmel",
"region": "Brussels Gewest",
"street": "A. Verhasseltstraat",
"country": "BE",
"postcode": "1780",
"box_number": "1",
"street_number": "2"
},
"old_address": {
"city": "Londerzeel",
"region": "Vlaams Gewest",
"street": "Bogaarden",
"country": "BE",
"postcode": "1840",
"box_number": null,
"street_number": "15"
},
"effective_date": "2025-05-01",
"evidence_quote": "Het bestuur beslist dat de zetel van de vennootschap zal worden verplaatst van Bogaarden 15, 1840 Londerzeel naar A. Verhasseltstraat 2/1, 1780 Wemmel, en dit vanaf 01/05/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0870.338.933",
"name_full": "CARGO",
"legal_form": "BV"
}
}2024
04-12-2024 1 director appointed, 1 resigning
- Ivo Claeys, Bestuurder
- Jelle Casier, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Jelle Casier",
"address": null,
"birth_date": null
},
"effective_date": "2024-08-20",
"evidence_quote": "Naar aanleiding van het overlijden van de bestuurder Jelle Casier op 20 augustus 2024"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Ivo Claeys",
"address": null,
"birth_date": null
},
"effective_date": "2024-11-20",
"evidence_quote": "wordt door de aandeelhouders (erfopvolgers) unaniem besloten om als nieuwe bestuurder te benoemen de heer Ivo Claeys, Patersstraat 2 9255 Buggenhout, en dit vanaf heden."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0870.338.933",
"name_full": "CARGO",
"legal_form": "BV"
}
}2023
13-07-2023 CASIER Jelle reappointed as director
- CASIER Jelle, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "CASIER Jelle",
"address": null,
"birth_date": null
},
"evidence_quote": "De algemene vergadering besluit de huidige zaakvoerder, hierna vermeld, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutair bestuurder voor een onbepaalde duur: - de heer CASIER Jelle hier aanwezig en die aanvaardt. ... De algemene vergadering verleen",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0870.338.933",
"name_full": "CARGO",
"legal_form": "BVBA"
}
}2019
27-06-2019 1 director appointed, 1 resigning
- Jelle Casier, Zaakvoerder
- Vervaet Christian, Zaakvoerder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Vervaet Christian",
"address": null,
"birth_date": null
},
"effective_date": "2019-06-05",
"evidence_quote": "Dezelfde algemene vergadering van 5 juni 2019 heeft met \u00E9\u00E9nparigheid van stemmen het ontslag aanvaard! van de heer Vervaet Christian als zaakvoerder, en dit met ingang van 5 juni 2019. Er wordt kwijting verleend voor de uitoefening van z\u0027n mandaat.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Jelle Casier",
"address": null,
"birth_date": null
},
"effective_date": "2019-06-05",
"evidence_quote": "Met \u00E9\u00E9nparigheid van stemmen wordt als zaakvoerder benoemt in de vennootschap, en dit vanaf 5 juni 2019 voor onbepaalde duur, de heer Jelle Casier."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0870.338.933",
"name_full": "CARGO",
"legal_form": "BVBA"
}
}2013
02-12-2013 Registered office moved from Gent to Destelbergen
- Patijntjesstraat 137, 9000 Gent → Vossenlo 17, 9070 Destelbergen
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Destelbergen",
"region": null,
"street": "Vossenlo",
"country": "BE",
"postcode": "9070",
"box_number": null,
"street_number": "17"
},
"old_address": {
"city": "Gent",
"region": null,
"street": "Patijntjesstraat",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "137"
},
"effective_date": "2013-09-28",
"evidence_quote": "Er blijkt uit het verslag van de zaakvoerder dd.28.09.2013 dat de zetel van de vennootschap werd verplaatst naar, 9070 Destelbergen, Vossenlo 17 en dit vanaf 28.09.2013."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0870.338.933",
"name_full": "CARGO",
"legal_form": "BVBA"
}
}Credit advice
Company registry (CBE)
Activities
Production of cinema films59111Development of residential building projects68121Other building finishing work43350Development of non-residential building projects68122Other business support services82990
Names & trade names
| Legal nameNL | CARGO |
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