KARGO
ActiveSummary
KARGO has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309,340 and a net result of -€204,160. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 11% of 34,678 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €309,340
- Loss
- -€204,160
Why 66raises riskLiquidity: current ratio 0.54, cash €45, halvedSector: Specialised construction activities (NACE 43)Equity €309,340 (5.3% of total assets)lowers riskSize: total assets €5.8mShow the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, small): better than 6% on solvency, 52% on liquidity, 17% on profitability and 7% 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
This company filed its last 7 accounts on average 36 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€204,160
- Resignation: Evelyn De Beir (director)Director discharge · Power of…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €98,998 after €302,290 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,104 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €303,648 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €2,640 | €964 | €583 | €263 | €140 | ▼ 46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €224,578 | €240,101 | €250,046 | €286,070 | €371,318 | €382,970 | €388,263 | €451,007 | ▲ 16.2% |
| Other operating charges640/8 | - | - | - | €5,790 | €37,954 | €23,002 | €32,359 | €41,090 | ▲ 27.0% |
| Non-recurring operating charges66A | - | - | - | €3,100 | €0 | - | - | - | - |
| Gross operating margin9900 | €303,444 | €309,814 | €463,734 | €203,144 | €515,608 | €534,674 | €723,175 | €393,239 | ▼ 45.6% |
| Operating profit (loss)9901 | €74,526 | €64,328 | €205,872 | -€94,455 | €105,371 | €128,120 | €302,290 | -€98,998 | - |
| Financial income75/76B | - | - | - | - | €0 | €11 | €0 | - | - |
| Recurring financial income75 | €665 | €10 | - | - | €0 | €11 | €0 | - | - |
| Financial charges65/66B | - | - | - | €74,438 | €68,224 | €79,319 | €114,292 | €111,630 | ▼ 2.3% |
| Recurring financial charges65 | €80,088 | €79,669 | €70,457 | €74,438 | €68,224 | €79,319 | €114,292 | €111,630 | ▼ 2.3% |
| Profit (loss) for the period before taxes9903 | -€4,897 | -€15,332 | €135,415 | -€168,893 | €37,148 | €48,812 | €187,998 | -€210,628 | - |
| Transfer from deferred taxes780 | - | - | - | €10,948 | €7,713 | €7,713 | €6,731 | €9,017 | ▲ 34.0% |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €59,730 | €0 | ▼ 100% |
| Income taxes67/77 | €4,601 | €122 | €444 | €2,750 | €27,507 | €4,361 | €286 | €2,548 | ▲ 790% |
| Profit (loss) for the period9904 | -€4,560 | -€10,515 | €78,329 | -€160,695 | €17,354 | €52,164 | €134,713 | -€204,160 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €27,619 | €30,854 | €30,854 | €26,923 | €36,068 | ▲ 34.0% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €238,919 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €5,030 | -€925 | -€96,823 | -€133,076 | €48,207 | €83,017 | -€77,283 | -€168,092 | ▼ 118% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.8m | €3.9m | €3.5m | €4.4m | €4.9m | €4.8m | €5.8m | €5.8m | ▼ 0.7% |
| Formation expenses20 | €0.003m | €0.002m | €0.002m | €0.001m | €0 | - | - | - | - |
| Fixed assets21/28 | €3.7m | €3.8m | €3.5m | €4.4m | €4.7m | €4.5m | €5.5m | €5.3m | ▼ 2.6% |
| Tangible fixed assets22/27 | €3.7m | €3.8m | €3.5m | €4.4m | €4.7m | €4.5m | €5.5m | €5.3m | ▼ 2.6% |
| Land and buildings22 | - | - | - | €2.4m | €3.0m | €3.0m | €4.1m | €4.2m | ▲ 0.8% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.003m | €0.001m | €432 | €208 | ▼ 51.9% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 53.3% |
| Other tangible fixed assets26 | - | - | - | €1.9m | €1.7m | €1.5m | €1.3m | €1.1m | ▼ 12.7% |
| Financial fixed assets28 | €100 | €100 | €100 | - | - | - | - | - | - |
| Current assets29/58 | €0.09m | €0.07m | €0.06m | €0.07m | €0.2m | €0.4m | €0.4m | €0.5m | ▲ 26.7% |
| Amounts receivable within one year40/41 | €0.04m | €0.07m | €0.05m | €0.06m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 29.2% |
| Trade receivables40 | - | - | - | €0.05m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 34.9% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.05m | €0.06m | €0.09m | €0.1m | ▲ 10.6% |
| Cash at bank and in hand54/58 | €0.004m | €105 | €0.003m | €0.001m | €0.004m | €0.006m | €0.01m | €45 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | €0.002m | €0 | €0.007m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.8m | €3.9m | €3.5m | €4.4m | €4.9m | €4.8m | €5.8m | €5.8m | ▼ 0.7% |
| Equity10/15 | €0.4m | €0.4m | €0.5m | €0.3m | €0.3m | €0.4m | €0.5m | €0.3m | ▼ 39.8% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 7.8% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 7.8% |
| Distributable reserves133 | - | - | - | - | - | €0.07m | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | -€0.07m | -€0.02m | €0 | -€0.007m | -€0.2m | ▼ 2,465% |
| Provisions and deferred taxes16 | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 5.3% |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 5.3% |
| Amounts payable17/49 | €3.3m | €3.4m | €2.9m | €4.0m | €4.5m | €4.3m | €5.2m | €5.3m | ▲ 3.4% |
| Amounts payable after more than one year17 | €2.9m | €3.0m | €2.6m | €3.5m | €4.1m | €3.6m | €4.5m | €4.4m | ▼ 1.2% |
| Financial debts170/4 | - | - | - | €3.5m | €3.6m | €3.5m | €3.6m | €3.9m | ▲ 6.1% |
| Other amounts payable178/9 | - | - | - | €0.01m | €0.4m | €0.2m | €0.8m | €0.5m | ▼ 33.9% |
| Amounts payable within one year42/48 | €0.5m | €0.4m | €0.4m | €0.5m | €0.4m | €0.7m | €0.7m | €0.9m | ▲ 31.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.5m | €0.3m | €0.6m | €0.6m | €0.7m | ▲ 9.8% |
| Financial debts43 | - | - | - | €65 | €110 | €90 | €0 | €0.01m | - |
| Credit institutions430/8 | - | - | - | €65 | - | - | - | - | - |
| Other loans439 | - | - | - | - | €110 | €90 | €0 | €0.01m | - |
| Trade debts44 | €0.07m | €0.07m | €0.09m | €0.04m | €0.06m | €0.03m | €0.09m | €0.1m | ▲ 31.6% |
| Suppliers440/4 | - | - | - | €0.04m | €0.06m | €0.03m | €0.09m | €0.1m | ▲ 31.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €0.1m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.06m | €0.03m | €0.008m | €0.03m | ▲ 244% |
| Taxes450/3 | - | - | - | €0.01m | €0.06m | €0.03m | €0.008m | €0.03m | ▲ 244% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.006m | €0.002m | ▼ 74.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0 | €0.05m | €0 | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.005m | -€0.01m | €0.08m | -€0.2m | €0.02m | €0.05m | €0.1m | -€0.2m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 16.2% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.3m | €0.1m | €0.4m | €0.4m | €0.5m | €0.2m | ▼ 52.8% |
| Investment in fixed assets (approximation) | - | -€0.3m | €0.09m | -€1.2m | -€0.7m | -€0.2m | -€1.4m | -€0.3m | ▲ 77.2% |
| Change in cash | - | -€0.004m | €0.003m | -€0.002m | €0.003m | €0.002m | €0.008m | -€0.01m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00327381 |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00410981 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00383300 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00377687 |
| 31-12-2021 | micro format | 19-09-2022 | 2022-20431005 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63000194 |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66800434 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67000418 |
| 31-12-2017 | micro format | 19-06-2018 | 2018-19900222 |
| 31-12-2016 | micro format | 23-06-2017 | 2017-22100092 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| WINDERICKX Steven |
|
| Evelyn De Beir |
|
Owners and capital
Capital and shareholders
- 12-01-2024 Converted to unavailable equity · €61,353.64
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-09
Gazette deed
Resignation: Evelyn De Beir (director)Director discharge · Power of attorney10 facts ▸
- General meeting, 03-09-2025
- Director resignation, Evelyn De Beir (director)
- Director discharge, Evelyn De Beir
- Power of attorney, Lindsey Schamp
- Power of attorney, Ellen Carlier
- Power of attorney, Lisa Kennis
- Power of attorney, Sylvia Vanbeveren
- Power of attorney, Suzana Fernandes
- Power of attorney, Kim Forment
- Power of attorney, Tine Talpe
02-08
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 24-05-2024
- Registered-office move, Hallesteenweg 158, 1640 Sint Genesius Rode
12-01
Gazette deed
Resignation: WINDERICKX Steven (manager)Appointment: WINDERICKX Steven (director) · Legal form clause · Capital conversion10 facts ▸
- General meeting, 20-12-2023
- Legal form clause, “statuten aanpassen en rechtsvorm behouden, besloten vennootschap(afgekort BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig de vormen en meerderheden van de statutenwijziging, statutair onbeschikbare eigen vermogensrekening beperken en saldo beschikbaar maken voor uitk…” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, WINDERICKX Steven (manager)
- Director appointment, WINDERICKX Steven (director (not named in the articles))
- Other provision, “uitoefening mandaat, kwijting ontslagnemende zaakvoerder” (deed in Dutch)
- Registered office clause, “1060 Sint-Gillis,Maurice Wilmottestraat 28” (deed in Dutch)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0467.190.897
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22004D0028/00H005 | Flanders | 1.1 ha | 1 · 1,812 m² | 4.9 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle trading-activiteiten in de ruimste zin van het woord en binnen dit kader of de handel onder al zijn vormen in alle roerende goederen…” (deed in Dutch)
9 activities (deed in Dutch)
- Alle trading-activiteiten in de ruimste zin van het woord en binnen dit kader of de handel onder al zijn vormen in alle roerende goederen
- Alle verrichtingen en alle studies te doen die verband houden met alle goederen en/of rechten die onroerend zijn van nature,door inlijving of door bestemming,evenals met de roerende goederen en/of rechten die eruit voortkomen,evenals alle verrichtingen van burgerlijke,handels-,nijverheids-,of financiële aard die er rechtstreeks of onrechtstreeks mede in verband staan,zoals bijvoorbeeld,de aankoop,het productief maken,het verkavelen,ruilen,verbeteren,verhuren,gemeubeld of niet,de verkoop,de afstand,het beheer,de wijziging,de bouw en de afbraak van roerend en onroerende goederen,en andere
- Alle verrichtingen van mandaat,beheer en commissie betreffende onroerende goederen,onroerende rechten en in het algemeen alle bewerkingen die voortvloeien uit het hoofddoel
- Alle financiële verrichtingen en namelijk de aankoop,de ruiling en de verkoop van alle roerende waarden;alle commissie- en delcredereverrichtingen;de vertegenwoordiging ten titel van commissionair,van mandataris of agent,van alle openbare of private natuurlijke of rechtspersonen
- Alle daden en verrichtingen voor rekening van derden,alle verbintenissen ten titel van borg,aval of om het even welke waarborg voor rekening van derden
- Concept en projectontwikkeling
- Binnenhuisinrichting en decoratie
- Beheer van onroerende goederen met de hiervoor noodzakelijke handelingen van verkoop en aankoop
- Beheer van vennootschappen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KARGO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest of Brussels Hoofdstedelijk Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Behalve deze die wet of statuten aan algemene vergadering voorbehouden, geheel van bevoegdheden toegekend met mogelijkheid deel te delegeren” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, indien geen andere vereffenaar benoemd” (deed in Dutch)