CARGO PLUS
ActiveSummary
The computed 12-month bankruptcy probability of CARGO PLUS is 5.0% (elevated). The 2025 annual accounts show equity of €48,968 and a net result of €69,058. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 2,381 sector peers (NACE 49, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 5 FTE
- Equity
- €48,968
- Profit
- €69,058
Why 39raises riskSector: Land transport and transport via pipelines (NACE 49)Liquidity: current ratio 0.63, cash €613Founded in 20191 change of registered office in 24 monthsShow the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro): better than 24% on solvency, 4% on liquidity, 80% on profitability and 97% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 21 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2019 to 2025net €69,058 ▲108%
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 109% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,713 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €111,534 | €128,662 | €165,729 | €209,888 | ▲ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,548 | €8,186 | €9,254 | €40,325 | ▲ 336% |
| Other operating charges640/8 | - | - | €875 | €1,465 | €3,683 | €135 | €3,403 | ▲ 25× |
| Gross operating margin9900 | -€3,603 | -€1,877 | -€1,639 | €52,660 | €144,339 | €208,724 | €323,897 | ▲ 55.2% |
| Operating profit (loss)9901 | -€3,611 | -€1,877 | -€2,514 | -€61,887 | €3,808 | €33,606 | €70,281 | ▲ 109% |
| Financial income75/76B | - | - | €650 | - | - | - | - | - |
| Recurring financial income75 | - | - | €650 | - | - | - | - | - |
| Financial charges65/66B | - | - | €127 | €98 | €462 | €429 | €1,223 | ▲ 185% |
| Recurring financial charges65 | €12 | €38 | €127 | €98 | €462 | €429 | €1,223 | ▲ 185% |
| Profit (loss) for the period before taxes9903 | -€3,623 | -€1,915 | -€1,990 | -€61,985 | €3,346 | €33,177 | €69,058 | ▲ 108% |
| Profit (loss) for the period9904 | -€3,623 | -€1,915 | -€1,990 | -€61,985 | €3,346 | €33,177 | €69,058 | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | -€3,623 | -€1,915 | -€1,990 | -€61,985 | €3,346 | €33,177 | €69,058 | ▲ 108% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €8,777 | €8,862 | €26,818 | €125,958 | €120,604 | €264,970 | €391,945 | ▲ 47.9% |
| Fixed assets21/28 | - | - | €14,000 | €58,383 | €50,196 | €103,942 | €176,749 | ▲ 70.0% |
| Tangible fixed assets22/27 | - | - | - | €39,383 | €31,196 | €79,942 | €152,749 | ▲ 91.1% |
| Plant, machinery and equipment23 | - | - | - | €39,383 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €31,196 | €79,942 | €152,749 | ▲ 91.1% |
| Financial fixed assets28 | - | - | €14,000 | €19,000 | €19,000 | €24,000 | €24,000 | = |
| Current assets29/58 | €8,777 | €8,862 | €12,818 | €67,575 | €70,408 | €161,028 | €215,196 | ▲ 33.6% |
| Amounts receivable within one year40/41 | €8,400 | €8,861 | €12,288 | €67,061 | €68,450 | €160,908 | €214,583 | ▲ 33.4% |
| Trade receivables40 | - | - | - | €54,674 | €68,450 | €160,908 | €214,583 | ▲ 33.4% |
| Other amounts receivable41 | - | - | €12,288 | €12,387 | - | - | - | - |
| Cash at bank and in hand54/58 | €377 | €1 | €530 | €514 | €1,958 | €120 | €613 | ▲ 411% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €8,777 | €8,862 | €26,818 | €125,958 | €120,604 | €264,970 | €391,945 | ▲ 47.9% |
| Equity10/15 | €8,777 | €7,362 | €5,372 | -€56,613 | -€53,267 | -€20,090 | €48,968 | - |
| Contributions10/11 | €12,400 | - | €12,900 | €12,900 | €12,900 | €12,900 | €12,900 | = |
| Profit (loss) carried forward14 | -€3,623 | -€5,538 | -€7,528 | -€69,513 | -€66,167 | -€32,990 | €36,068 | - |
| Amounts payable17/49 | - | €1,500 | €21,446 | €182,571 | €173,871 | €285,060 | €342,977 | ▲ 20.3% |
| Amounts payable within one year42/48 | - | €1,500 | €21,446 | €182,571 | €173,871 | €285,060 | €342,977 | ▲ 20.3% |
| Trade debts44 | - | - | €290 | €108,069 | €135,554 | €205,611 | €227,254 | ▲ 10.5% |
| Suppliers440/4 | - | - | €290 | €108,069 | €135,554 | €205,611 | €227,254 | ▲ 10.5% |
| Taxes, remuneration and social security45 | - | - | €264 | €44,811 | €38,317 | €45,472 | €87,044 | ▲ 91.4% |
| Taxes450/3 | - | - | €264 | €20,624 | €20,953 | €28,865 | €64,258 | ▲ 123% |
| Remuneration and social security454/9 | - | - | - | €24,186 | €17,364 | €16,607 | €22,786 | ▲ 37.2% |
| Other amounts payable47/48 | - | - | €20,892 | €29,692 | - | €33,977 | €28,679 | ▼ 15.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,623 | -€1,915 | -€1,990 | -€61,985 | €3,346 | €33,177 | €69,058 | ▲ 108% |
| + Depreciation and write-downs630 | - | - | - | €1,548 | €8,186 | €9,254 | €40,325 | ▲ 336% |
| Operating cash flow (approximation) | -€3,623 | -€1,915 | -€1,990 | -€60,438 | €11,532 | €42,431 | €109,383 | ▲ 158% |
| Investment in fixed assets (approximation) | - | - | - | -€45,930 | €1 | -€63,000 | -€113,132 | ▼ 79.6% |
| Change in cash | - | -€376 | €529 | -€16 | €1,444 | -€1,838 | €493 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00169078 |
| 31-12-2024 | full format | 06-06-2025 | 2025-00126757 |
| 31-12-2023 | full format | 10-06-2024 | 2024-00122450 |
| 31-12-2022 | micro format | 14-08-2023 | 2023-00328518 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20402350 |
| 31-12-2020 | micro format | 06-12-2021 | 2021-79600249 |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74100333 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EL OUAMARI Najim |
|
| EL GHAZI Salima |
|
Owners and capital
Capital and shareholders
- El Ouamari Najim
- El Ghazi Rachid
- EL GHAZI Salima associée
- EL OUAMARI Najim associé
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 12-12-2023 Converted to unavailable equity · €12,900
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
CARGO PLUS was incorporated on 5 March 2019.1 The registered office moved to Bruxelles in 2022, to Evere in 2024 and to Grâce-Hollogne in 2025.234 Since 2023, EL OUAMARI Najim has served as director of the company.5 Total assets rose from €8,777 in 2019 to €391,945 in 2025 and headcount from 4 full-time equivalents in 2023 to 5 in 2025.6
Acts, filings and financial milestones
12-03
Gazette deed
Registered officeRegistered-office move · Director in office4 facts ▸
- General meeting, 01-03-2025
- Registered-office move, rue Saint Exupery 17 à 4460 Grâce-Hollogne
- Other provision, “actionnaire présent à l'assemblée générale extraordinaire”, 01-03-2025 (deed in French) (2 times)
- Director in office, El Ouamari Najim (director)
19-06
Gazette deed
Registered officeRegistered-office move · Shareholding3 facts ▸
- General meeting, 01-06-2024
- Registered-office move, avenue du Four à Briques 6-8 à 1140 Evere
- Shareholding, 01-06-2024, “entièreté du capital” (deed in French) (2 times)
12-12
Gazette deed
Amendment of the articles · Legal-form changeCapital · Capital conversion5 facts ▸
- Capital, €12,900
- General meeting, 07-12-2023
- Other provision, “unanimité des voix, Adaptation statuts au Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “Adoption statuts nouveaux en concordance CSA, sans modification objet ni caractéristiques essentielles” (deed in French)
04-12
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 22-11-2023
- Registered-office move, 179,avenue Louise-1000 Bruxelles
11-09
Gazette deed
Resignation: EL GHAZI Salima (manager)Appointment: EL OUAMARI Najim (director) · Partner · Share transfer7 facts ▸
- General meeting, 30-06-2023
- Director resignation, EL GHAZI Salima (manager)
- Partner, EL GHAZI Salima
- Director appointment, EL OUAMARI Najim (director)
- Partner, EL OUAMARI Najim
- Share transfer, EL GHAZI Salima → EL OUAMARI Najim
- Other provision, “voting result, unanimité des voix” (deed in French)
Show earlier events
06-12
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- Board meeting, 01-11-2022
- Registered-office move, 1050 Bruxelles,Avenue Louise 440
- Director in office, Salima EL GHAZI (director)
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 6 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62016B0333/00A000 | Wallonia | 3.0 ha | 1 · 6,299 m² | 16.4 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CARGO PLUS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Peut avoir adresse électronique, communication vers cette adresse par actionnaires et titulaires réputée valable, Région de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, assemblée qui nomme fixe nombre durée mandat et en cas de pluralité pouvoirs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, requises par Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed