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KLN FREIGHT (BELGIUM)

Active
Private limited companyfounded 2006active for 20 yearsMiddelmolenlaan 168, 2100 Antwerpen, BelgiumKBO/BCE: BE 0881.031.006
Summary

KLN FREIGHT (BELGIUM) has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51.0m and a net result of €6.1m. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 95% of 77 sector peers (NACE 50, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
KLN FREIGHT (BELGIUM)ActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Activity
Water transport
NACE 50200Logistics services NACE 52250
3 sites
Size
€11.2mturnover 2025
Staff
12.6 FTE
Equity
€51.0m
Profit
€6.1m
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Shenzehen Mingde Holding Development Co. Ltd
Holdings
2
Auditor: PricewaterhouseCoopers Reviseurs d'Entreprises2025 accounts 41 days early
Why 87raises riskLiquidity: current ratio 3.41, cash €34,778, halved1 of the last 3 latelowers riskSize: turnover €11.2m, 12.6 FTE, total assets €52.4mEquity €51.0m (97.2% of total assets)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 45% of its sector peers (NACE 50, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 97.2% of total assets
Liquidity 50+6
short-term debt 2.8% · cash 0.1%
Profitability 26-5
return on assets 11.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (75 companies, NACE 50, small)
Last 24 months 11-2024: 1.7% 12-2024: 2.0%▲ +0.3 percentage points vs 11-2024 01-2025: 2.9%▲ +0.9 percentage points vs 12-2024highest value 02-2025: 2.9%● unchanged vs 01-2025highest value 03-2025: 0.7%▼ -2.2 percentage points vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.8%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%▼ -0.5 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.2%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €1,100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.41, compared with 0.96 in 2024, above the usual 1.5; short-term debt: 2.8% and cash: 0.1% of total assets), and 2.8% 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 50, small): better than 88% on solvency, 35% on liquidity, 9% on profitability and 47% on growth.

The bankruptcy probability was computed on 28-10-2026 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
raises risk · Liquidity: current ratio 3.41, cash €34,778, halved
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
lowers risk · Size: turnover €11.2m, 12.6 FTE, total assets €52.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €51.0m (97.2% 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 20-06-2026, 41 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
41 days early
2024
55 days early
2023
194 days late
2022
427 days late
2021
362 days late
2020
26 days early
2019
70 days 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 133 days after the deadline; the sector median (NACE 50) for financial year 2024 is 3 days before the deadline, and 41% 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 11 February (4 of the last 5 filed years within 236 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Alain De Heldt (director)Appointments: Alban Nuytten (director) and…
  3. Liquidity more than triplescurrent ratio 3.41

Key points

  • Positive: Among the best 5% on solvencysector median 45.3% · 77 companies 97.2% View
  • Controlled by Shenzehen Mingde Holding Development…the company in turn controls 2 companies parent View
  • Caution: Result fell in 2025from €8.4m to €6.1m ▼ 27.8% View
  • A director leftlatest change 09-01-2026 · 3 in office 1 left View

By topic

Financials

Financial year
2025
Turnover
€11.2m
Profit
€6.1m
Solvency
97.2%
Turnover▼ 4.7%
Net result
20212025
Go to Financials

Board & ownership

Board
3 members
Parent
Shenzehen Mingde Holding Development…
Auditor
PricewaterhouseCoopers Reviseurs d'Entreprises
  • Mariska BadalDirector
  • Alban NuyttenDirector
  • Jean-Claude OrtegaManaging director
Go to Board & ownership

Timeline

Events
59
Since
2008
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €50m
  2. 31-10-2025Appointment: Mariska Badal (director)
  3. 19-06-2025Resignation: ABDOOL-AZEEZKHAN Nasier-Ahmedkhan (director)
Go to Timeline

Company details

Sites
3
Legal form
Private limited company
Activity
Water transportNACE 50200
Founded
28-04-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
4
Purpose
“De vennootschap heeft tot voorwerp, in België als in het buitenland, voor eigen rekening…” (deed in Dutch)
Go to Articles of association

Key facts about KLN FREIGHT (BELGIUM)

What is the company number of KLN FREIGHT (BELGIUM)?
0881.031.006. In Belgium the VAT number is the company number with BE in front: BE 0881.031.006.
Where is KLN FREIGHT (BELGIUM) based?
The registered office is at Middelmolenlaan 168, 2100 Antwerpen.Company details
What does KLN FREIGHT (BELGIUM) do?
According to the KBO register, the main activity is water transport (NACE 50200).
What is the legal form of KLN FREIGHT (BELGIUM)?
Private limited company (BV).
When was KLN FREIGHT (BELGIUM) founded?
On 28-04-2006.
Is KLN FREIGHT (BELGIUM) still active?
Yes, KLN FREIGHT (BELGIUM) is an active enterprise in the KBO register.
How many employees does KLN FREIGHT (BELGIUM) have?
On average 12.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of KLN FREIGHT (BELGIUM)?
€11.2m in financial year 2025, according to the filed annual accounts.
Is KLN FREIGHT (BELGIUM) profitable?
In financial year 2025, KLN FREIGHT (BELGIUM) made a profit of €6.1m.
Where can I find the annual accounts of KLN FREIGHT (BELGIUM)?
KLN FREIGHT (BELGIUM) filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KLN FREIGHT (BELGIUM) due?
By 31-07-2027, for financial year 2026.Timeline

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