CARGO PLUS

Active

Private limited companyfounded 20197 yrs activeRue Saint-Exupéry 17, 4460 Grâce-Hollogne, BelgiumKBO/BCE: BE 0721.858.855

The computed 12-month bankruptcy probability of CARGO PLUS is 3.9% (moderate). The 2024 annual accounts show negative equity (€-20k) and a net result of €33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 1132 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

16 / 100

Critical= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency35▲+2

Growth58=

Stability100

Bankruptcy probability, 12 months

3.9% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.56 against 0.4 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-7.6%

Return on assets

12.5%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 1132 sector peers (2024).

NBB · sector comparison

Position among 1132 sector peers

Solvency

better than 8%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

55 d early

2023

51 d early

2022

14 d late

2021

30 d late

2020

128 d late

2019

122 d late

← before the deadline after the 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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€33k▲ 892%

2023 · €3k

2019: €-4k 2020: €-2k 2021: €-2k 2022: €-62k 2023: €3k

2019 → 2024

Working capital

€-124k▼ 19.9%

2023 · €-103k

2020: €7k 2021: €-9k 2022: €-115k 2023: €-103k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€7k-€5k▼ 27.0%€-57k€-53k▲ 5.9%€-20k▲ 62.3%

Operating result€-2k-€-3k▼ 33.9%€-62k▼ 2,362%€4k€34k▲ 783%

Net result€-2k-€-2k▼ 3.9%€-62k▼ 3,014%€3k€33k▲ 892%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 783% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €265k

39.2%

60.8%

Fixed assets €104k▲ 107%

Current assets €161k▲ 129%

Key figures and ratios

2024 value · change against 2023

EBITDA

€43k▲

2023 · €12k

Cash flow

€42k▲

2023 · €12k

Solvency

-7.6%▲

2023 · -44.2%

Current ratio

0.56▲

2023 · 0.40

Quick ratio

0.56▲

2023 · 0.40

Debt / equity

-14.19▼

2023 · -3.26

ROE

-165.1%▼

2023 · -6.3%

ROA

12.5%▲

2023 · 2.8%

Interest coverage

99.91▲

2023 · 25.96

Debt

€285k▲

2023 · €174k

Debt ≤ 1 year

€285k▲

2023 · €174k

Staff costs

€166k▲

2023 · €129k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€121k€265k▲

Fixed assets21/28€50k€104k▲

Tangible fixed assets22/27€31k€80k▲

Furniture and vehicles24€31k€80k▲

Financial fixed assets28€19k€24k▲

Current assets29/58€70k€161k▲

Amounts receivable within one year40/41€68k€161k▲

Trade receivables40€68k€161k▲

Cash at bank and in hand54/58€2k€120▼

Equity and liabilities

Total equity and liabilities10/49€121k€265k▲

Equity10/15€-53k€-20k▲

Contributions10/11€13k€13k=

Profit (loss) carried forward14€-66k€-33k▲

Amounts payable17/49€174k€285k▲

Amounts payable within one year42/48€174k€285k▲

Trade debts44€136k€206k▲

Suppliers440/4€136k€206k▲

Taxes, remuneration and social security45€38k€45k▲

Taxes450/3€21k€29k▲

Remuneration and social security454/9€17k€17k▼

Other amounts payable47/48-€34k

Income statement Code20232024

Remuneration, social security and pensions62€129k€166k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲

Other operating charges640/8€4k€135▼

Gross operating margin9900€144k€209k▲

Operating profit (loss)9901€4k€34k▲

Financial charges65/66B€462€429▼

Recurring financial charges65€462€429▼

Profit (loss) for the period before taxes9903€3k€33k▲

Profit (loss) for the period9904€3k€33k▲

Profit (loss) for the period to be appropriated9905€3k€33k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-66k€-33k▲

Profit (loss) brought forward from the previous period14P€-70k€-66k▲

Social balance

Average headcount (FTE)90874.04.0=

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

06-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2019net €33k ▲892%

Operating result €34k, net result €33k, both a record.

10-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Back to profitnet €3k

Net result €3k after 4 loss-making years.

14-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 14 days late

2022

31-12

Financial Weakest financial yearnet €-62k

Net result drops to €-62k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

06-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 128 days late

2020

30-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 122 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Grâce-Hollogne · 1 establishment unit since 2019

establishment approximate The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Saint-Exupéry 174460 Grâce-Hollogne

Ground area

3.0 ha

Building footprint

6,299 m²

Volume, LiDAR

89,849 m³

Parcel 62016B0333/00A000, Wallonia · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

CARGO PLUS

Rue Saint-Exupéry 17, 4460 Grâce-HollogneFreight transport by road

since 20192.286.288.515

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62016B0333/00A000	Wallonia	3.0 ha	1 · 6,299 m²	16.4 m · 5 fl.

Linked by address, not proof of ownership

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.

Similar companies · same sector, comparable size

Sint-Pieters-Leeuw · Eq €5k

RPH INVEST

BE 0727.824.256

Brussel · Eq €5k

Of 12,446 companies in sector 49410 we hold annual accounts for 8,085. 2,810 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-03-2019

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:000000000

Establishment Grâce-Hollogne 2.286.288.515