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Genk Cargo Connect

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

From the official registers: KBO 49 annual accounts at the National Bank publications in the Belgian Official Gazette

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 is growing by about 7.5% per year across the filed financial years. Its solvency ranks better than 72% of 861 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
Genk Cargo ConnectActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 21-10-1936 Normal situation
Legal form
Public limited company
Registered office
Kolenhavenstraat 6, 3600 Genk
Activity
Warehousing and support activities for transportation NACE 52249and 1 other
Establishment unit
2.004.853.408 3600 Genk, since 01-10-1936
Financial year end
31 December
Peppol
Reachable since 13-06-2025
Company details

Who decides

Board
  • NAMICOMChair · permanent representative Jos Steegmans
  • Jemi Consult BVDaily manager · permanent representative Louis MACHIELS
  • WMA Services BVDaily manager · permanent representative Wesley MAZZEI
  • Kris MerckenDaily manager
and 5 other directors
Auditor
Pwc Bedrijfsrevisoren
Shareholders
Board & ownership

How it is doing

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%
Staff
47.7 FTE
▼ 26.5%
2025 accounts 60 days early
Filed on 01-06-2026PDF
Financials
Why 96raises 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 better than 69% of its sector peers (NACE 52, small)
Every signal that counts is listed under Signals.
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, 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% (595 companies, NACE 52, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 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
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.72, compared with 1.7 in 2024, above the usual 1.5; short-term debt: 20.6% and cash: 12.9% of total assets), and 40.4% 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 (NACE 52, small): better than 77% on solvency, 78% on liquidity, 87% on profitability and 33% on growth.

The bankruptcy probability was computed on 31-10-2026 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

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 its 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 its 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

This company filed its last 7 accounts on average 38 days before the deadline; the sector median (NACE 52) for financial year 2024 is 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 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

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

Documents

Annual accounts at the NBB

All 49 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Genk Cargo Connect

What is the company number of Genk Cargo Connect?
0401.350.564. In Belgium the VAT number is the company 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?
Public limited company (NV).
When was Genk Cargo Connect 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?
On average 47.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Genk Cargo Connect?
€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.Annual accounts 2025 (PDF)
When are the next annual accounts of Genk Cargo Connect due?
By 31-07-2027, for financial year 2026.Timeline

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