Result
Back in profit in 2025, after a loss of €3.1m in 2024.
Back in profit in 2025, after a loss of €3.1m in 2024.
Of this, €245.8m falls due within a year.
Centrale der Werkgevers aan de Haven van Antwerpen pays its suppliers 168 days earlier than in 2024. Customers pay 5 days earlier.
The last five annual accounts were filed 77 to 88 days before the end of the period.
Lower solvency than 88% of companies in warehousing and transport support. Sector median 37.3% · 864 companies.
The dashed line is the sector median: 0.5% across 66 companies (NACE 52, large).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 52, large). It does better than 17% of them on solvency, 65% on liquidity, 35% on profitability and 51% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 179 companies had the same profile as Centrale der Werkgevers aan de Haven van Antwerpen has now. Each dot is one company, two years later.
That fits the bankruptcy probability of Centrale der Werkgevers aan de Haven van Antwerpen itself: 0.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 179 companies, not a prediction for Centrale der Werkgevers aan de Haven van Antwerpen. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.96 (0.94 in 2024), below 1. Short-term debt is 95.4% and cash 57.2% of total assets. 97.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 82 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Shares in 2 companies, Silvius BSC and ALFAPASS
Board & ownership| Company | ||||
|---|---|---|---|---|
| Centrale der Werkgevers aan de Haven van Antwerpen Antwerp | €819.7m | 0.1% | 2.9% | 10,218.5 |
| ANTWERP GATEWAY Beveren-Kruibeke-Zwijndrecht | €218.0m | 21.6% | 24.4% | - |
| INTERNATIONAL CAR OPERATORS Bruges | €226.0m | 18.5% | 74.5% | 330.9 |
| TABAKNATIE Antwerp | €110.2m | 6.5% | 47.1% | 239.2 |
| AERTSSEN LIFTING Stabroek | €66.7m | -0.4% | 18.4% | 340.1 |
| BRABO, HAVENLOODSEN EN BOOTLIEDEN Antwerp | €50.5m | 11.9% | 56.1% | 318.5 |
| MSC PSA EUROPEAN TERMINAL Antwerp | €471.6m | 10.5% | 20.0% | 163.9 |
Grey: the largest companies of the sector (warehousing and transport support (NACE 52)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Centrale der Werkgevers aan de Haven van Antwerpen: warehousing and support activities for transportation (NACE 52241). They are comparable in size and age: total assets between €51m and €594m, founded between 1931 and 2014.
Centrale der Werkgevers aan de Haven van Antwerpen has existed since 1929. Turnover grew from €563.1m in 2006 to €819.7m in 2025.
Turnover has grown every year since 2020.
In June 2025, four directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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