Financials
- Fiscal year
- 2025
- Turnover
- €252.0m
- Profit
- €4.1m
- Solvency
- 71.4%
Turnover▲ 8.9%
Net result
20182025
GENERAL SERVICES ANTWERP
ActiveSummary
GENERAL SERVICES ANTWERP has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222.9m and a net result of €4.1m. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 80% of 748 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Warehousing and storage
NACE 52100NACE 63122
#1 employer in East Flanders, Transport and storage sector11 sites
How big
€252.0mturnover 2025
- Staff
- 1,251.5 FTE
- Equity
- €222.9m
- Profit
- €4.1m
Who decides
- Parent
- Katoen Natie International SA · 100%
- Board
- 1 member
- Holdings
- 1
Auditor: Ernst & Young BedrijfsrevisorenAccounts 24 d early2 of 39 deeds read
Why 85- Liquidity: current ratio 0.79, cash €658- Sector Warehousing and support activities for transportation (NACE 52)+ Founded in 1998+ Size: turnover €252.0m, 1,251.5 FTE, total assets €312.1mShow the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 61% of its sector peers (NACE 52, large)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
96-4
equity 71.4% of total assets
Liquidity
39-6
short-term debt 27.5% · cash 0.0%
Profitability
64-21
return on assets 1.3%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 0.79, cash €658 raises the probability
- Founded in 1998 lowers the probability for this profile
- Size: turnover €252.0m, 1,251.5 FTE, total assets €312.1m lowers the probability for this profile
- Sector Warehousing and support activities for transportation (NACE 52) raises the probability
Credit up to €18,900,000 at 30 days acceptable
Liquidity short (current ratio 0.79 against 2.92 in 2024; short-term debt: 27.5% and cash: 0% of total assets), and 28.6% 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, large). Better than this share of them on solvency 89%, liquidity 47%, profitability 62%, growth against the median 46%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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
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 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
1 d early
2022
21 d late
2021
4 d late
2020
1 d early
2019
10 d 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 3 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Consulting & Advisory Services (director)Permanent representatives: Dirk Michielsens, Tim…
- Reappointment: Ernst & Young Bedrijfsrevisoren (statutory…Permanent representatives: Ronald Van den…
- Annual accounts filedfiscal year 2025 · full…
Key points
- Caution: Result fell in 2025from €121.7m to €4.1m ▼ 96.6% View
- Positive: Employer in East Flanders, Transport and storage sectorin the Checked rankings #1 View
- Caution: Board changedlatest change 01-07-2026 · 1 in office 1 joined · 1 left View
- Controlled by Katoen Natie International SAknown shareholders 100% 100% View
- Flemish supportawarded 2022 - 2025 €1.1m View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Katoen Natie International SA · 100%
- Known shareholders
- 100%
- Auditor
- Ernst & Young Bedrijfsrevisoren
Go to Board & ownership
Network & group
- Subsidiaries
- 4
- Holdings
- 1
4 subsidiaries
Timeline
- Events
- 18
- Since
- 2017
- Next accounts
- by 31-07-2027
- 09-09-2026Resignation: Consulting & Advisory Services (director)
- 17-07-2026Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
- 07-07-2026Annual accounts filed
Company details
- Sites
- 11
- Legal form
- Public limited company
- Activity
- Warehousing and storageNACE 52100
- Founded
- 22-10-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationGo further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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