CARGO LEGACY
ActiveSummary
The computed 12-month bankruptcy probability of CARGO LEGACY is 6.6% (elevated). The 2025 annual accounts show equity of €12k and a net result of €-10k. Equity is growing by ~4.3% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-64
Solvency40▼-10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
6.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.58 against 0.67 in 2024; short-term debt: 84.6% and cash: 44.9% of total assets), and 84.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.4%
Return on assets
-12.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
22 d late
2023
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 45.4%
2024 · €21k
2023: €11klowest in 3 years
2024: €21k▲ +100% vs 2023highest in 3 years
2025: €12k▼ -45.4% vs 2024
2023 → 2025
Total assets
€76k▼ 10.0%
2024 · €84k
2023: €21klowest in 3 years
2024: €84k▲ +294% vs 2023highest in 3 years
2025: €76k▼ -10.0% vs 2024
2023 → 2025
Net result
€-10k
2024 · €11k
2023: €11k
2024: €11k▲ +0.4% vs 2023highest in 3 years
2025: €-10k▼ -191% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-27k▼ 53.2%
2024 · €-18k
2023: €10khighest in 3 years
2024: €-18k▼ -270% vs 2023
2025: €-27k▼ -53.2% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€11k-€21k▲ 100%€12k▼ 45.4%
2023: €11klowest in 3 years
2024: €21k▲ +100% vs 2023highest in 3 years
2025: €12k▼ -45.4% vs 2024
Operating result€14k-€14k▼ 3.2%€-8k
2023: €14khighest in 3 years
2024: €14k▼ -3.2% vs 2023
2025: €-8k▼ -161% vs 2024lowest in 3 years
Net result€11k-€11k▲ 0.4%€-10k
2023: €11k
2024: €11k▲ +0.4% vs 2023highest in 3 years
2025: €-10k▼ -191% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€39k ▼ 19.8%
Current assets
€37k ▲ 3.2%
Equity and liabilities €76k
Equity
€12k ▼ 45.4%
Debt
€64k ▲ 2.0%
Debt's share of the balance-sheet total rises from 74.6% to 84.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €16k
Cash flow
€317▼
2024 · €12k
Current ratio
0.58▼
2024 · 0.67
Debt to equity
5.48▲
2024 · 2.94
ROE
-83.0%▼
2024 · 50.1%
ROA
-12.8%▼
2024 · 12.7%
Interest coverage
2.15▼
2024 · 126.60
Debt ≤ 1 year
€64k▲
2024 · €54k
Income taxes
€570▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€76k▼
Fixed assets21/28€49k€39k▼
Tangible fixed assets22/27€48k€39k▼
Furniture and vehicles24€48k€39k▼
Financial fixed assets28€200€200=
Current assets29/58€36k€37k▲
Amounts receivable within one year40/41€20k€869▼
Trade receivables40€17k-
Other amounts receivable41€3k€869▼
Cash at bank and in hand54/58€15k€34k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€84k€76k▼
Equity10/15€21k€12k▼
Profit (loss) carried forward14€21k€12k▼
Amounts payable17/49€63k€64k▲
Amounts payable after more than one year17€9k-
Financial debts170/4€9k-
Amounts payable within one year42/48€54k€64k▲
Current portion of amounts payable after more than one year42€10k€9k▼
Trade debts44-€10k
Suppliers440/4-€10k
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€40k€40k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€10k▲
Other operating charges640/8€387€412▲
Gross operating margin9900€16k€2k▼
Operating profit (loss)9901€14k€-8k▼
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€123€771▲
Recurring financial charges65€123€771▲
Profit (loss) for the period before taxes9903€14k€-9k▼
Income taxes67/77€3k€570▼
Profit (loss) for the period9904€11k€-10k▼
Profit (loss) for the period to be appropriated9905€11k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€12k▼
Profit (loss) brought forward from the previous period14P€11k€21k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2k | €10k | ▲ 472% |
| Other operating charges640/8 | - | €387 | €412 | ▲ 6.5% |
| Gross operating margin9900 | €14k | €16k | €2k | ▼ 87.0% |
| Operating profit (loss)9901 | €14k | €14k | €-8k | ▼ 161% |
| Financial income75/76B | - | €5 | - | - |
| Recurring financial income75 | - | €5 | - | - |
| Financial charges65/66B | €16 | €123 | €771 | ▲ 527% |
| Recurring financial charges65 | €16 | €123 | €771 | ▲ 527% |
| Profit (loss) for the period before taxes9903 | €14k | €14k | €-9k | ▼ 167% |
| Income taxes67/77 | €4k | €3k | €570 | ▼ 80.8% |
| Profit (loss) for the period9904 | €11k | €11k | €-10k | ▼ 191% |
| Profit (loss) for the period to be appropriated9905 | €11k | €11k | €-10k | ▼ 191% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21k | €84k | €76k | ▼ 10.0% |
| Fixed assets21/28 | €200 | €49k | €39k | ▼ 19.8% |
| Tangible fixed assets22/27 | - | €48k | €39k | ▼ 19.9% |
| Furniture and vehicles24 | - | €48k | €39k | ▼ 19.9% |
| Financial fixed assets28 | €200 | €200 | €200 | = |
| Current assets29/58 | €21k | €36k | €37k | ▲ 3.2% |
| Amounts receivable within one year40/41 | €11k | €20k | €869 | ▼ 95.6% |
| Trade receivables40 | €11k | €17k | - | - |
| Other amounts receivable41 | - | €3k | €869 | ▼ 71.1% |
| Cash at bank and in hand54/58 | €10k | €15k | €34k | ▲ 133% |
| Deferred charges and accrued income490/1 | €121 | €1k | €2k | ▲ 41.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21k | €84k | €76k | ▼ 10.0% |
| Equity10/15 | €11k | €21k | €12k | ▼ 45.4% |
| Profit (loss) carried forward14 | €11k | €21k | €12k | ▼ 45.4% |
| Amounts payable17/49 | €11k | €63k | €64k | ▲ 2.0% |
| Amounts payable after more than one year17 | - | €9k | - | - |
| Financial debts170/4 | - | €9k | - | - |
| Amounts payable within one year42/48 | €11k | €54k | €64k | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | - | €10k | €9k | ▼ 4.5% |
| Trade debts44 | €5k | - | €10k | - |
| Suppliers440/4 | €5k | - | €10k | - |
| Taxes, remuneration and social security45 | €6k | €4k | €4k | ▲ 15.5% |
| Taxes450/3 | €6k | €4k | €4k | ▲ 15.5% |
| Other amounts payable47/48 | - | €40k | €40k | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €11k | €-10k | ▼ 191% |
| + Depreciation and write-downs630 | - | €2k | €10k | ▲ 472% |
| Operating cash flow (approximation) | €11k | €12k | €317 | ▼ 97.5% |
| Investment in fixed assets (approximation) | - | €-50k | €-416 | ▲ 99.2% |
| Change in cash | - | €5k | €19k | ▲ 313% |
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
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Highest result since 2023net €11k ▲0.4%
Net result €11k, the highest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2023
Ground area
5,672 m²
Building footprint
3,878 m²
Volume, LiDAR
86,391 m³
Parcel 21807G0131/00T000, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
562
companies at this address
See who is registered here
1 establishment unit
Louizalaan 231, 1050 Elsene
since 20232.351.690.269
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2023
Fiscal year end31-12
Contact
E-mail
charles.gashumba@cargolegacy.comElsene
Scores and ratios are computed by Checked and are not a credit decision.