CONVOY
ActiveSummary
CONVOY has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,310 and a net result of €5,588. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 95% of 980 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-40
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 27.31 against 7.92 in 2024; short-term debt: 3.7% and cash: 89.6% of total assets), and 3.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
96.3%
Return on assets
8.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €60,310
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 05-05-2026, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
87 d early
2024
99 d early
2023
79 d early
2022
49 d early
2021
80 d early
2020
81 d early
2019
73 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 78 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 12 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€60,310▲ 10.2%
2024 · €54,722
Total assets
€62,602=
2024 · €62,626
Net result
€5,588▼ 68.9%
2024 · €17,992
Working capital
€60,310▲ 10.2%
2024 · €54,722
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,916-€17,469€19,370€20,198▲ 4.3%€6,983▼ 65.4%
Net result€10,736within the sector's middle half-€22,740below the sector's middle half€14,049within the sector's middle half€17,992within the sector's middle half▲ 28.1%€5,588within the sector's middle half▼ 68.9%
Equity€45,421within the sector's middle half▲ 31.0%€22,681within the sector's middle half▼ 50.1%€36,730within the sector's middle half▲ 61.9%€54,722within the sector's middle half▲ 49.0%€60,310within the sector's middle half▲ 10.2%
Total assets€198,927within the sector's middle half▲ 18.6%€159,522within the sector's middle half▼ 19.8%€77,321within the sector's middle half▼ 51.5%€62,626below the sector's middle half▼ 19.0%€62,602below the sector's middle half=
Debt€153,506▲ 15.4%€136,841▼ 10.9%€40,591▼ 70.3%€7,904▼ 80.5%€2,292▼ 71.0%
Working capital€38,486within the sector's middle half▲ 83.0%€22,471within the sector's middle half▼ 41.6%€36,730within the sector's middle half▲ 63.5%€54,722within the sector's middle half▲ 49.0%€60,310within the sector's middle half▲ 10.2%
Solvency22.8%within the sector's middle half▲ 2.2pp14.2%within the sector's middle half▼ 8.6pp47.5%within the sector's middle half▲ 33.3pp87.4%above the sector's middle half▲ 39.9pp96.3%above the sector's middle half▲ 9.0pp
Current ratio1.25within the sector's middle half▲ 0.091.16within the sector's middle half▼ 0.091.90within the sector's middle half▲ 0.747.92above the sector's middle half▲ 6.0227.31above the sector's middle half▲ 19.39
Return on assets (ROA)5.4%within the sector's middle half▲ 30.8pp-14.3%below the sector's middle half▼ 19.7pp18.2%above the sector's middle half▲ 32.4pp28.7%above the sector's middle half▲ 10.6pp8.9%within the sector's middle half▼ 19.8pp
Staff (FTE)1=1=0.7▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
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 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €62,602
Equity
€60,310 ▲ 10.2%
Debt
€2,292 ▼ 71.0%
Debt's share of the balance-sheet total falls from 12.6% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.04▼
2024 · 0.14
ROE
9.3%▼
2024 · 32.9%
Debt ≤ 1 year
€2,292▼
2024 · €7,904
Income taxes
€1,215▼
2024 · €1,829
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 31,371 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7,420 | - | €15,801 | €5,000 | - | - |
| Remuneration, social security and pensions62 | €42,351 | €39,914 | €25,197 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,725 | €6,725 | - | - | - | - |
| Other operating charges640/8 | €1,360 | €2,240 | €1,633 | €361 | €528 | ▲ 46.3% |
| Gross operating margin9900 | €66,352 | €31,410 | €46,200 | €20,559 | €7,511 | ▼ 63.5% |
| Operating profit (loss)9901 | €15,916 | -€17,469 | €19,370 | €20,198 | €6,983 | ▼ 65.4% |
| Financial income75/76B | €1 | €27 | €161 | €102 | - | - |
| Recurring financial income75 | €1 | €27 | €161 | €102 | - | - |
| Financial charges65/66B | €4,721 | €4,854 | €5,052 | €479 | €180 | ▼ 62.4% |
| Recurring financial charges65 | €4,721 | €4,854 | €5,052 | €479 | €180 | ▼ 62.4% |
| Profit (loss) for the period before taxes9903 | €11,196 | -€22,296 | €14,479 | €19,821 | €6,803 | ▼ 65.7% |
| Income taxes67/77 | €460 | €444 | €430 | €1,829 | €1,215 | ▼ 33.6% |
| Profit (loss) for the period9904 | €10,736 | -€22,740 | €14,049 | €17,992 | €5,588 | ▼ 68.9% |
| Profit (loss) for the period to be appropriated9905 | €10,736 | -€22,740 | €14,049 | €17,992 | €5,588 | ▼ 68.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,927 | €159,522 | €77,321 | €62,626 | €62,602 | = |
| Fixed assets21/28 | €6,935 | €210 | - | - | - | - |
| Tangible fixed assets22/27 | €6,725 | - | - | - | - | - |
| Furniture and vehicles24 | €6,725 | - | - | - | - | - |
| Financial fixed assets28 | €210 | €210 | - | - | - | - |
| Current assets29/58 | €191,992 | €159,312 | €77,321 | €62,626 | €62,602 | = |
| Amounts receivable within one year40/41 | €43,043 | €72,128 | €22,504 | €14,722 | €5,883 | ▼ 60.0% |
| Trade receivables40 | €43,003 | €71,671 | €20,790 | €13,243 | €5,883 | ▼ 55.6% |
| Other amounts receivable41 | €40 | €457 | €1,714 | €1,479 | - | - |
| Current investments50/53 | €100,113 | €70,113 | €30,225 | - | - | - |
| Cash at bank and in hand54/58 | €46,921 | €15,718 | €24,495 | €46,882 | €56,100 | ▲ 19.7% |
| Deferred charges and accrued income490/1 | €1,915 | €1,353 | €97 | €1,022 | €619 | ▼ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,927 | €159,522 | €77,321 | €62,626 | €62,602 | = |
| Equity10/15 | €45,421 | €22,681 | €36,730 | €54,722 | €60,310 | ▲ 10.2% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €51,460 | €51,460 | €51,460 | €69,452 | €75,040 | ▲ 8.0% |
| Non-distributable reserves130/1 | €2,479 | €2,479 | €2,479 | - | - | - |
| Reserves not available under the articles1311 | €2,479 | €2,479 | €2,479 | - | - | - |
| Tax-exempt reserves132 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | €43,981 | €43,981 | €43,981 | €64,452 | €70,040 | ▲ 8.7% |
| Profit (loss) carried forward14 | -€30,828 | -€53,568 | -€39,519 | -€39,519 | -€39,519 | = |
| Amounts payable17/49 | €153,506 | €136,841 | €40,591 | €7,904 | €2,292 | ▼ 71.0% |
| Amounts payable within one year42/48 | €153,506 | €136,841 | €40,591 | €7,904 | €2,292 | ▼ 71.0% |
| Trade debts44 | €20,921 | €4,386 | €7,446 | €2,215 | €169 | ▼ 92.4% |
| Suppliers440/4 | €20,921 | €4,386 | €7,446 | €2,215 | €169 | ▼ 92.4% |
| Taxes, remuneration and social security45 | €13,949 | €8,577 | €6,677 | €4,556 | €2,123 | ▼ 53.4% |
| Taxes450/3 | €8,418 | €3,846 | €4,857 | €4,556 | €2,123 | ▼ 53.4% |
| Remuneration and social security454/9 | €5,531 | €4,731 | €1,820 | - | - | - |
| Other amounts payable47/48 | €118,636 | €123,878 | €26,468 | €1,133 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,736 | -€22,740 | €14,049 | €17,992 | €5,588 | ▼ 68.9% |
| + Depreciation and write-downs630 | €6,725 | €6,725 | - | - | - | - |
| Operating cash flow (approximation) | €17,461 | -€16,015 | €14,049 | €17,992 | €5,588 | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€31,203 | €8,777 | €22,387 | €9,218 | ▼ 58.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 27.31
Current ratio from 7.92 to 27.31; short-term debt falls from €7,904 to €2,292.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €17,992 ▲28.1%
Operating result €20,198, net result €17,992, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 7.92
Current ratio from 1.90 to 7.92; short-term debt falls from €40,591 to €7,904.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €14,049
Net result €14,049 after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €10,736
Net result €10,736 after 2 loss-making years.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€42,656
Net result drops to -€42,656, the lowest in the series; recovery starts the following year.
Show earlier events
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Jabbeke · 1 establishment unit since 1994
Ground area
682 m²
Building footprint
141 m²
Volume, LiDAR
684 m³
Parcel 31442C0561/00V000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CONVOY
since 19942.016.199.141
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0561/00V000 | Flanders | 682 m² | 1 · 141 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-1978
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418420584
Also
9925:BE0418420584
Registered
03-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.