CARGO SHIPPING
ActiveCARGO SHIPPING has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €969k and a net result of €-62k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 40% of 114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-12
Solvency56▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.76 in 2024; short-term debt: 7.4% and cash: 11.3% of total assets), but 69.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Sector 50
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.6%
Return on assets
-2%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
16 d early
2022
28 d early
2021
5 d early
2020
8 d early
2019
1 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€969k▼ 6.0%
2024 · €1.03M
2018: €522k
2019: €528k
2020: €1.10M
2021: €1.03M
2022: €1.04M
2023: €1.00M
2024: €1.03M
2018 → 2025
Total assets
€3.17M▼ 7.1%
2024 · €3.41M
2018: €2.84M
2019: €3.38M
2020: €4.28M
2021: €4.02M
2022: €3.91M
2023: €3.68M
2024: €3.41M
2018 → 2025
Net result
€-62k
2024 · €29k
2018: €-228
2019: €5k
2020: €568k
2021: €-63k
2022: €7k
2023: €-39k
2024: €29k
2018 → 2025
Working capital
€300k▼ 21.8%
2024 · €384k
2018: €-3k
2019: €-294k
2020: €-7k
2021: €129k
2022: €127k
2023: €277k
2024: €384k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.03M-€1.04M▲ 0.7%€1.00M▼ 3.8%€1.03M▲ 2.9%€969k▼ 6.0%
Operating result€-214-€100k€51k▼ 48.9%€154k▲ 203%€14k▼ 91.1%
Net result€-63k-€7k€-39k€29k€-62k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.17M
Fixed assets
€2.63M▼ 6.2%
Current assets
€533k▼ 11.5%
Equity and liabilities €3.17M
Equity
€969k▼ 6.0%
Provisions
€296k▼ 0.4%
Debt
€1.90M▼ 8.6%
The debt ratio falls from 61.0% to 60.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€358k▼
2024 · €498k
Cash flow
€282k▼
2024 · €372k
Solvency
30.6%▲
2024 · 30.3%
Current ratio
2.29▼
2024 · 2.76
Quick ratio
2.29▼
2024 · 2.76
Debt / equity
1.96▼
2024 · 2.02
ROE
-6.4%▼
2024 · 2.8%
ROA
-2.0%▼
2024 · 0.9%
Interest coverage
4.11▼
2024 · 5.13
Debt
€1.90M▼
2024 · €2.08M
Debt ≤ 1 year
€233k▲
2024 · €219k
Debt > 1 year
€1.67M▼
2024 · €1.86M
Income taxes
€3k▼
2024 · €41k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.41M€3.17M▼
Fixed assets21/28€2.81M€2.63M▼
Tangible fixed assets22/27€2.81M€2.63M▼
Furniture and vehicles24€2.81M€2.46M▼
Assets under construction and advance payments27-€170k
Current assets29/58€603k€533k▼
Amounts receivable within one year40/41€131k€116k▼
Trade receivables40€112k€97k▼
Other amounts receivable41€18k€19k▲
Current investments50/53€43k€49k▲
Cash at bank and in hand54/58€423k€359k▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€3.41M€3.17M▼
Equity10/15€1.03M€969k▼
Contributions10/11€300k€300k=
Reserves13€731k€669k▼
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Tax-exempt reserves132€413k€374k▼
Distributable reserves133€308k€285k▼
Profit (loss) carried forward14€399€470▲
Provisions and deferred taxes16€297k€296k▼
Provisions for liabilities and charges160/5€159k€171k▲
Major repairs and maintenance162€159k€171k▲
Deferred taxes168€139k€125k▼
Amounts payable17/49€2.08M€1.90M▼
Amounts payable after more than one year17€1.86M€1.67M▼
Financial debts170/4€1.86M€1.67M▼
Amounts payable within one year42/48€219k€233k▲
Current portion of amounts payable after more than one year42€192k€193k▲
Trade debts44-€15k
Suppliers440/4-€15k
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€12k€5k▼
Other amounts payable47/48€14k€21k▲
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€343k€344k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-55k€12k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€445k€372k▼
Operating profit (loss)9901€154k€14k▼
Financial income75/76B€64€1k▲
Recurring financial income75€42€1k▲
Non-recurring financial income76B€22-
Financial charges65/66B€98k€87k▼
Recurring financial charges65€97k€87k▼
Non-recurring financial charges66B€706-
Profit (loss) for the period before taxes9903€57k€-72k▼
Transfer from deferred taxes780€13k€13k=
Income taxes67/77€41k€3k▼
Profit (loss) for the period9904€29k€-62k▼
Transfer from tax-exempt reserves789€39k€39k=
Profit (loss) for the period to be appropriated9905€68k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€-23k▼
Profit (loss) brought forward from the previous period14P€399€399=
Transfer from equity791/2-€23k
Transfer to equity691/2€68k-
To other reserves6921€68k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-63k ▼111%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €568k ▲10425%
Operating result €846k, net result €568k, both a record.
31-12
Financial
Equity above €1MEq €1.10M ▲108%
2 profitable years in a row build equity to €1.10M.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brecht
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.
Zwaluwlaan 32960 BrechtGround area
1,994 m²
Building footprint
275 m²
Volume, LiDAR
1,357 m³
Parcel 11009M0004/00G002, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0004/00G002 | Flanders | 1,994 m² | 1 · 275 m² | 9.6 m · 1 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
BELIËN BIKES & GARDEN
BE 0427.326.768
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VEERDIENSTEN RONNY
BE 0871.486.206
Puurs-Sint-Amands · Eq €937k
VAN ROOSBROECK - MOTOBECANE
BE 0426.609.760
Antwerpen · Eq €1.02M
SKYE SHIPPING
BE 0558.849.167
Schoten · Eq €915k
ETABLISSEMENTS VERKENS
BE 0422.661.662
Braine-le-Comte · Eq €905k
Of 1,343 companies in sector 50400 we hold annual accounts for 394. 300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2005
Fiscal year end31-12
Activities, NACEBEL
50400Inland freight water transport
61200Telecommunications resale and intermediation services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.