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CHARTER BULK SERVICES

Active
Public limited companyfounded 201115 yrs activeKapellensteenweg (C) 488, 2920 Kalmthout, BelgiumKBO/BCE: BE 0838.963.391
Summary

CHARTER BULK SERVICES has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,517 and a net result of -€8,512. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 795 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
CHARTER BULK SERVICESActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Logistics services
NACE 52250NACE 52290
1 site
Size
€435,436total assets 2025
Staff
0.6 FTE
Equity
€184,517
Loss
-€8,512
Financial health
84 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Parent
Vlaeynatie International SA
Accounts 38 d early1 of 8 deeds read
Why 84- Sector Warehousing and support activities for transportation (NACE 52)+ Founded in 2011+ Figures for FY 2025 (filed 23-06-2026)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Better than 40% of its sector peers (NACE 52, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 67-15
equity 42.4% of total assets
Liquidity 61-20
short-term debt 2.1% · cash 8.5%
Profitability 16-56
return on assets -2.0%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,281 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▲ +11.0% vs 03-2025 05-2025: 0.2%▼ -1.0% vs 04-2025 06-2025: 0.2%▲ +2.5% vs 05-2025 07-2025: 0.1%▼ -45.6% vs 06-2025lowest value 08-2025: 0.1%● 0.0% vs 07-2025lowest value 09-2025: 0.1%▲ +1.8% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +11.5% vs 03-2026 05-2026: 0.1%▼ -1.6% vs 04-2026 06-2026: 0.1%▼ -2.4% vs 05-2026 07-2026: 0.3%▲ +167% vs 06-2026highest value 08-2026: 0.3%● 0.0% vs 07-2026highest value 09-2026: 0.3%● 0.0% vs 08-2026highest value 10-2026: 0.3%● 0.0% vs 09-2026highest value
  • Sector Warehousing and support activities for transportation (NACE 52) raises the probability
  • Founded in 2011 lowers the probability for this profile
  • Figures for FY 2025 (filed 23-06-2026) lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 46.62 against 4.63 in 2024; short-term debt: 2.1% and cash: 8.5% of total assets), but 57.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, micro). Better than this share of them on solvency 51%, liquidity 66%, profitability 16%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Warehousing and support activities for transportation (NACE 52)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 2011
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 23-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
57 d early
2023
48 d early
2022
42 d early
2021
39 d early
2020
51 d early
2019
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

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. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Resignation: Stefaan Van den Langenbergh (managing…State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Weakest financial yearnet -€8,512

Key points

  • Caution: Among the weakest 19% on equitysector median €1.5m · 788 companies €184,517 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Vlaeynatie International SA parent View
  • A director leftlatest change 30-06-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€435,436
Loss
-€8,512
Solvency
42.4%
Total assets▲ 29.1%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 29-09-2026Resignation: Stefaan Van den Langenbergh (managing director)
  2. 23-06-2026Annual accounts filed
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Logistics servicesNACE 52250
Founded
30-08-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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