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Genk Cargo Connect

Active
Public limited companyfounded 1936active for 90 yearsKolenhavenstraat 6, 3600 Genk, BelgiumKBO/BCE: BE 0401.350.564
Summary

Genk Cargo Connect has been active since 1936 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.1m and a net result of €1.2m, of which €2.0m non-recurring income. Equity has been growing by about 7.5% per year since 2018. Its solvency ranks better than 72% of 863 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 21-10-1936 Normal situation
Activity
Warehousing and support activities for transportation NACE 52249and 1 other
Joint committees
101 Nationale Gemengde Mijncommissie
226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek · annual accounts 2025
Establishment unit
2.004.853.408 3600 Genk, since 01-10-1936
Financial year end
31 December
Peppol
Reachable since 13-06-2025

Board and ownership

Board
  • NAMICOMChair · permanent representative Jos Steegmans
  • Jemi Consult BVDaily manager · permanent representative Louis MACHIELS
  • WMA Services BVDaily manager · permanent representative Wesley MAZZEI
and 6 others
Auditor
Pwc Bedrijfsrevisoren
Shareholders
  • APERAM SAannual accounts 2025
  • APERAM STAINLESS FRANCE SAannual accounts 2025
  • J.M. RECYCLING· score 95annual accounts 2025

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€12.7m
▼ 43.9%
Profit
€1.2m
▲ 7.8%
Equity
€7.1m
▲ 10.8%
Total assets
€11.9m
▼ 13.5%
Employees on 31-12-2025
46
▼ 29.2%
Score breakdownraises riskSector: Warehousing and support activities for transportation (NACE 52)lowers riskFounded in 1936Size: turnover €12.7m, 47.7 FTE, total assets €11.9mEquity €7.1m (59.6% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of small companies in warehousing and transport support (NACE 52)
Financial strength · tick: 2024
Strong
Solvency 85+13
equity 59.6% of total assets
Liquidity 60-6
short-term debt 20.6% · cash 12.9%
Profitability 86+14
return on assets 10.5%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.4% (596 companies, NACE 52, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value 11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.72 (1.7 in 2024), above the usual 1.5. Short-term debt is 20.6% and cash 12.9% of total assets. 40.4% of the assets are financed with debt and provisions.
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, small). It does better than 77% of them on solvency, 78% on liquidity, 87% on profitability and 33% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1936
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 · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
lowers risk · Size: turnover €12.7m, 47.7 FTE, total assets €11.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €7.1m (59.6% of total assets)
NBB · annual accounts
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
60 days early
2024
50 days early
2023
36 days early
2022
42 days early
2021
44 days early
2020
32 days early
2019
1 day 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 38 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 June (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
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Oldest company in Limburg, Transport and storage sectorin the Checked rankings No. 1 View
  • Caution: Turnover fell in 2025from €22.6m to €12.7m ▼ 43.9% View
  • Board changedlatest change 12-12-2025 · 8 in office 2 joined · 2 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €1.2m, mostly one-off 8 years View
  • Flemish supportawarded from 2022 to 2025 €326,416 View

Recent changes

  1. · Gazette deed Resignations: PAMPELONNE BV (class B director) and Guido Moermans (class A director)Permanent representatives: Marieke Meugens, Tom Melotte and Wesley Mazzei · Appointments: TOM MELOTTE BV (class B director) and Kris Mercken (class A director)
  2. · Gazette deed Resignation: Guido Moermans (day-to-day manager)Appointment: Kris Mercken (day-to-day manager) · Permanent representative: Wesley Mazzei
  3. · Gazette deed Company renamed from HAVEN GENK to Genk Cargo Connect
All 50 events

Comparable companies

These companies have the same main activity as Genk Cargo Connect: warehousing and support activities for transportation (NACE 52249). They are comparable in size and age: total assets between €7.3m and €32m, founded between 1975 and 1997.

CompanyTotal assetsTurnover
Genk Cargo Connect Genk€11.9m€12.7m
KRAANBEDRIJF D.BUERMANS Olen€9.5m€12.0m
Meiko Europe NV Antwerpen€15.3m€24.6m
DGA Shipping Antwerpen€14.0m€36.8m
EUROTERMINAL Mouscron€7.3m€13.0m
TERMINAL ATHUS Aubange€31.7m€35.2m
KATOEN NATIE TERMINAL GENK Genk€11.9m€21.1m
Full comparison

Key facts about Genk Cargo Connect

What is the company number of Genk Cargo Connect?
The company number of Genk Cargo Connect is 0401.350.564. The VAT number is the same number with BE in front: BE 0401.350.564.
Where is Genk Cargo Connect based?
The registered office is at Kolenhavenstraat 6, 3600 Genk.Company details
What does Genk Cargo Connect do?
According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
What is the legal form of Genk Cargo Connect?
The legal form of Genk Cargo Connect is Public limited company (NV).
When was Genk Cargo Connect founded?
Genk Cargo Connect was founded on 21-10-1936.
Is Genk Cargo Connect still active?
Yes, Genk Cargo Connect is an active enterprise in the KBO register.
How many employees does Genk Cargo Connect have?
Genk Cargo Connect had an average of 47.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Genk Cargo Connect fall under?
In its 2025 annual accounts, Genk Cargo Connect states joint committees 101 (Nationale Gemengde Mijncommissie) and 226 (Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek).
What is the turnover of Genk Cargo Connect?
The turnover of Genk Cargo Connect was €12.7m in financial year 2025, according to the filed annual accounts.
Is Genk Cargo Connect profitable?
In financial year 2025, Genk Cargo Connect made a profit of €1.2m.
Where can I find the annual accounts of Genk Cargo Connect?
Genk Cargo Connect filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Genk Cargo Connect due?
Genk Cargo Connect must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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