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CONTAINEX

Active Public limited companyfounded 1986active for 39 yearsPantserschipstraat 165-167, 9000 GhentKBO/BCE: BE 0430.045.639 subsidiary of RECYNEX

Lifetime

18 annual accounts with figures on one time axis, 37 filings since 1988
peak €721,934 (2024)
€344,950▼ 52.2%
lowest -€569,088 (2018)
€258,546▼ 59.6%
peak €636,516 (2013)
€400,605▲ 182%
€1.0m▼ 38.1%
peak 7.6 FTE (2009)
1 FTEunchanged
Board3 names since 2022
2 directorsPETILLION Erik and 1 other
Owners
  
Documentsfilings and deeds
03-02-20263 days late
2025abbreviated format
Gross margin from €721,934 to €344,950Result from €640,121 to €258,546Equity from €142,059 to €400,605Debts from €1.6m to €1.0mCash from €8,272 to €15,600

Key points

from the 2025 annual accounts

Equity

€400,605 ▲ 182%
€142,0002024€401,0002025

Equity rose in 2025 from €142,059 to €400,605.

Turnover

≈ €810,000 estimated

The abbreviated format states no turnover.

Debts

€1.0m 72% of the balance sheet
Financial debts 15%Suppliers 8%Taxes and wages 2%Other 75%

Staff

1 FTE from 7.6 in 2009

Between 2009 and 2025, 87% of the full-time equivalents disappeared.

Filings

37 annual accounts since 1988
deadline1990200020102020

Six of the last ten came late. The 2024 accounts came latest: 19 days after the end of the period.

Position in the sector

€258,546

Higher net result than 82% of companies in warehousing and transport support. Sector median €31,692 · 887 companies.

Checked score

86
Excellent
Financially stronger than 56% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).

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

Last 24 months 12-2024: 1.1% 01-2025: 1.2%▲ +0.1 percentage points vs 12-2024 02-2025: 1.6%▲ +0.4 percentage points vs 01-2025highest value 03-2025: 0.6%▼ -1.0 percentage point vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.7%▲ +0.1 percentage points vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.9%▲ +0.2 percentage points vs 12-2025 02-2026: 1.4%▲ +0.5 percentage points vs 01-2026 03-2026: 0.3%▼ -1.1 percentage points vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026lowest value 06-2026: 0.3%● unchanged vs 05-2026lowest value 07-2026: 0.3%● unchanged vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Average

53+20equity 28.2% of total assets
13+12short-term debt 71.8% · cash 1.1%
92-8return on assets 18.2%

Score breakdown

raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
Liquidity: current ratio 0.40, cash €15,600
lowers risk
Founded in 1986
Size: 1 FTE, total assets €1.4m
Calculation

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, micro). It does better than 38% of them on solvency, 10% on liquidity, 80% on profitability and 95% on growth.

The bankruptcy probability was computed on 10-11-2026 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 30-06-2025.

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).

Comparable companies, two years later

In July 2024, 3,818 companies had the same profile as CONTAINEX has now. Each dot stands for 10 companies, two years later.

95.0%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CONTAINEX itself: 0.3% within 12 months.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,818 companies, not a prediction for CONTAINEX. 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.

Credit verdict

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.4 (0.47 in 2024), below 1. Short-term debt is 71.8% and cash 1.1% of total assets. 71.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
lowers risk · Founded in 1986
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.40, cash €15,600
NBB · annual accounts
lowers risk · Size: 1 FTE, total assets €1.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
3 days late
2024
19 days late
2023
19 days early
2022
1 day late
2021
on the day
2020
1 day late
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 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.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 1 February (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PE
Director, since 27-12-2023
PW
Director, since 27-12-2023
  • RECYNEX 99.44%equity €57,379 (2025) · 2023 annual accounts of RECYNEX
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0430045639
2 directors appointed, 2 resignations Resignations: PETILLION Wim and PETILLION Erik · Appointments: PETILLION Wim (director) and PETILLION Erik (director) · Director discharge: PETILLION Wim · General meeting of 27-12-2023 · Gazette deed
1 director appointed, 1 resignation, 1 reappointment Resignation: RECYNEX BV (director) · Permanent representative: Wim PETILLION · Appointment: Erik PETILLION (director) · General meeting of 31-01-2022 · Gazette deed
First establishment Pantserschipstraat 165-167, Ghent
All 46 events

Comparable companies

same main activity, similar in size and age
Company
CONTAINEX Ghent €1.4m €344,950 28.2% 1
TOBACCO CARE Beveren-Kruibeke-Zwijndrecht €1.2m €223,361 77.1% 1.3
Tempotrans Hoogstraten €1.9m €258,942 55.4% 1.6
HERBERT WATSON (BELGIUM) Antwerp €1.9m €359,766 56.2% 1.9
BULKHAUL BELGIUM Ghent €1.0m €356,432 86.8% 2.9
FREIGHT EN SERVICE CONSULTING Waasmunster €1.0m €141,217 62.8% 1
ROOMS- VAN ROYEN Temse €0.6m €326,904 22.0% 2.3

These companies have the same main activity as CONTAINEX: logistics services (NACE 52250). They are comparable in size and age: total assets between €648,000 and €1.9m, founded between 1979 and 1992.

Official details

Source: KBO
Status
Active since 12-12-1986Normal situation
Activity
Logistics servicesNACE 52250and 1 other
Establishment unit
2.030.547.3229000 Ghent, since 30-06-1987
Financial year end
30 June
Peppol
Reachable since 11-05-2026
Company details

Annual accounts to 30-06-2025

€1.4m▼ 20.6%
Employeeson 30-06-2025
1=
Filing
Filed on 03-02-2026
Financials

Insights on CONTAINEX

CONTAINEX files the abbreviated format. That format states no turnover. The gross margin rose from €281,583 in 2006 to €344,950 in 2025.

RECYNEX holds 99.44% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about CONTAINEX

What is the company number of CONTAINEX?
The company number of CONTAINEX is 0430.045.639. The VAT number is the same number with BE in front: BE 0430.045.639.
Where is CONTAINEX based?
The registered office is at Pantserschipstraat 165-167, 9000 Ghent.Company details
What does CONTAINEX do?
According to the KBO register, the main activity is logistics services (NACE 52250).
What is the legal form of CONTAINEX?
CONTAINEX is a public limited company (NV).
When was CONTAINEX founded?
CONTAINEX was founded on 12-12-1986.
Is CONTAINEX still active?
Yes, CONTAINEX is an active enterprise in the KBO register.
How many employees does CONTAINEX have?
CONTAINEX had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CONTAINEX?
The turnover in financial year 2025 is ≈ €810,000. This figure is estimated from the gross margin of €344,950 and 2,275 comparable companies of the same size. It probably lies between €490,000 and €1.4m. It is a rough estimate.
Is CONTAINEX profitable?
In financial year 2025, CONTAINEX made a profit of €258,546.
Where can I find the annual accounts of CONTAINEX?
CONTAINEX filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CONTAINEX due?
CONTAINEX must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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