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DB CARGO BELGIUM

Active
Private limited companyfounded 2010active for 15 yearsNoorderlaan 111, 2030 Antwerpen, Belgium14 active companies are registered at this addressKBO/BCE: BE 0831.406.596
Summary

DB CARGO BELGIUM has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €290,905. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 19% of 77 sector peers (NACE 50, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
DB CARGO BELGIUMActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Inland freight water transport
NACE 50400Land transport and transport via pipelines NACE 49200
Largest employer in Belgium, Water transport sector2 sites
Size
€52.0mturnover 2025
Staff
239.6 FTE
Equity
€2.4m
Profit
€290,905
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
DB Cargo AG · 100%
Auditor: KPMG Bedrijfsrevisoren BV/SRL2025 accounts 24 days early5 of 19 deeds summarised
Why 90raises risk1 of the last 3 lateEquity €2.4m (16.6% of total assets)lowers riskLiquidity: current ratio 1.23, cash €7.3mSector: Water transport (NACE 50)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 47% of its sector peers (all companies)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 42+5
equity 16.6% of total assets
Liquidity 56+1
short-term debt 80.1% · cash 50.6%
Profitability 46-18
return on assets 2.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (17 companies, NACE 50, medium-sized)
Last 24 months 11-2024: 1.2%highest value 12-2024: 1.2%● unchanged vs 11-2024highest value 01-2025: 1.2%● unchanged vs 12-2024highest value 02-2025: 1.1%▼ -0.1 percentage points vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%▼ -1.0 percentage point vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.23, compared with 1.19 in 2024, below the usual 1.5; short-term debt: 80.1% and cash: 50.6% of total assets), and 83.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 27% on solvency, 81% on liquidity, 32% on profitability and 50% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.23, cash €7.3m
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
lowers risk · Sector: Water transport (NACE 50)
KBO
raises risk · Equity €2.4m (16.6% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 77 sector peers (2025).
NBB · sector comparison
Position among 77 sector peers
Solvency
better than 19%
← weakest strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 days early
2024
37 days early
2023
173 days late
2022
92 days late
2021
4 days early
2020
18 days late
2019
258 days late
← 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 68 days after the deadline; the sector median (NACE 50) for financial year 2024 is 3 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 filed years within 96 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)Permanent representative: Gwen Cleirbaut

Key points

  • Caution: Result fell in 2025from €1.3m to €290,905 ▼ 77.7% View
  • Positive: Largest employer in Belgium, Water transport sectorin the Checked rankings No. 1 View
  • Controlled by DB Cargo AG 100% View

By topic

Financials

Financial year
2025
Turnover
€52.0m
Profit
€290,905
Solvency
16.6%
Turnover▼ 10.8%
Net result
20202025
Go to Financials

Board & ownership

Board
3 members
Parent
DB Cargo AG · 100%
Auditor
KPMG Bedrijfsrevisoren BV/SRL
  • Stefan KibbasChair
  • Ruediger GastellDirector
  • Torsten GülkerDirector
Go to Board & ownership

Timeline

Events
25
Since
2012
Next accounts
by 31-07-2027
  1. 16-05-2025Appointment: Torsten Gülker (director)
  2. 20-01-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Inland freight water transportNACE 50400
Founded
23-11-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about DB CARGO BELGIUM

What is the company number of DB CARGO BELGIUM?
0831.406.596. In Belgium the VAT number is the company number with BE in front: BE 0831.406.596.
Where is DB CARGO BELGIUM based?
The registered office is at Noorderlaan 111, 2030 Antwerpen.Company details
What does DB CARGO BELGIUM do?
According to the KBO register, the main activity is inland freight water transport (NACE 50400).
What is the legal form of DB CARGO BELGIUM?
Private limited company (BV).
When was DB CARGO BELGIUM founded?
On 23-11-2010.
Is DB CARGO BELGIUM still active?
Yes, DB CARGO BELGIUM is an active enterprise in the KBO register.
How many employees does DB CARGO BELGIUM have?
On average 239.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of DB CARGO BELGIUM?
€52.0m in financial year 2025, according to the filed annual accounts.
Is DB CARGO BELGIUM profitable?
In financial year 2025, DB CARGO BELGIUM made a profit of €290,905.
Where can I find the annual accounts of DB CARGO BELGIUM?
DB CARGO BELGIUM filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of DB CARGO BELGIUM due?
By 31-07-2027, for financial year 2026.Timeline

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