IROKO SHIPPING & FORWARD
ActiveSummary
IROKO SHIPPING & FORWARD has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €32k. Equity is growing by ~67.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-1
Solvency44▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.63 in 2024; short-term debt: 81.1% and cash: 40.6% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 52
higher
← 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
18.9%
Return on assets
4.1%
Age of the figures
9 mo
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 · 8 filingsDeviation from the deadline
2025
87 d early
2024
38 d early
2023
28 d early
2022
49 d early
2021
11 d early
2020
9 d early
2019
4 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€145k▼ 37.1%
2024 · €231k
2018: €8k
2019: €22k
2020: €41k
2021: €66k
2022: €112k
2023: €204k
2024: €231k
2018 → 2025
Total assets
€769k▲ 32.4%
2024 · €580k
2018: €97k
2019: €156k
2020: €247k
2021: €286k
2022: €449k
2023: €475k
2024: €580k
2018 → 2025
Net result
€32k▲ 18.4%
2024 · €27k
2018: €2k
2019: €14k
2020: €19k
2021: €25k
2022: €46k
2023: €92k
2024: €27k
2018 → 2025
Working capital
€139k▼ 36.9%
2024 · €220k
2018: €8k
2019: €19k
2020: €37k
2021: €60k
2022: €98k
2023: €189k
2024: €220k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€112k▲ 69.9%€204k▲ 82.3%€231k▲ 13.1%€145k▼ 37.1%
Operating result€38k-€64k▲ 71.2%€131k▲ 104%€45k▼ 65.4%€49k▲ 8.1%
Net result€25k-€46k▲ 88.1%€92k▲ 100.0%€27k▼ 71.0%€32k▲ 18.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €769k
Fixed assets
€6k ▼ 41.3%
Current assets
€762k ▲ 33.8%
Equity and liabilities €769k
Equity
€145k ▼ 37.1%
Debt
€623k ▲ 78.4%
Debt's share of the balance-sheet total rises from 60.2% to 81.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53k▲
2024 · €50k
Cash flow
€36k▲
2024 · €31k
Current ratio
1.22▼
2024 · 1.63
Debt to equity
4.29▲
2024 · 1.51
ROE
21.8%▲
2024 · 11.6%
ROA
4.1%▼
2024 · 4.6%
Interest coverage
23.75▲
2024 · 17.97
Debt ≤ 1 year
€623k▲
2024 · €349k
Income taxes
€15k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€580k€769k▲
Fixed assets21/28€11k€6k▼
Tangible fixed assets22/27€11k€6k▼
Plant, machinery and equipment23€204-
Furniture and vehicles24€10k€6k▼
Current assets29/58€570k€762k▲
Amounts receivable within one year40/41€325k€450k▲
Trade receivables40€258k€420k▲
Other amounts receivable41€66k€31k▼
Cash at bank and in hand54/58€245k€312k▲
Equity and liabilities
Total equity and liabilities10/49€580k€769k▲
Equity10/15€231k€145k▼
Contributions10/11€6k€6k=
Reserves13€225k€139k▼
Distributable reserves133€225k€139k▼
Amounts payable17/49€349k€623k▲
Amounts payable within one year42/48€349k€623k▲
Financial debts43€13k-
Credit institutions430/8€13k-
Trade debts44€333k€521k▲
Suppliers440/4€333k€521k▲
Other amounts payable47/48€3k€102k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€768€549▼
Non-recurring operating charges66A-€30k
Gross operating margin9900€51k€84k▲
Operating profit (loss)9901€45k€49k▲
Financial income75/76B€817€14▼
Recurring financial income75€817€14▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€43k€47k▲
Income taxes67/77€17k€15k▼
Profit (loss) for the period9904€27k€32k▲
Profit (loss) for the period to be appropriated9905€27k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€32k▲
Transfer from equity791/2-€117k
Transfer to equity691/2€27k€32k▲
To other reserves6921€27k€32k▲
Profit to be distributed694/7-€117k
Return on contributions (dividend)694-€117k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €92k ▲100%
Operating result €131k, net result €92k, both a record.
31-12
Financial
Equity above €200kEq €204k ▲82.3%
6 profitable years in a row build equity to €204k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €112k ▲69.9%
5 profitable years in a row build equity to €112k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Amsterdamstraat 142000 AntwerpenGround area
5,466 m²
Building footprint
819 m²
Volume, LiDAR
13,269 m³
2 parcels, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
IROKO SHIPPING & FORWARDING
since 20172.267.192.282
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0010/00E002 | Flanders | 3,428 m² | 1 · 519 m² | 26.4 m · 8 fl. |
| 11008B0178/00P000 | Flanders | 2,038 m² | 1 · 300 m² | 19.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Leeway
BE 0802.416.563
Antwerpen · Eq €145,093
DISTRIBUTION SERVICES-MESSAGERIE
BE 0889.757.244
Walcourt · Eq €145,618
QUADRUM RAIL LOGISTICS
BE 0896.467.961
Antwerpen · Eq €145,766
VERSO
BE 0474.235.275
Temse · Eq €145,866
TRENDLOG
BE 0778.458.751
Genk · Eq €144,550
Of 3,190 companies in sector 52250 we hold annual accounts for 1,955. 1,428 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.