M-CARGO

Active

Private limited companyfounded 2019active for 7 yearsKoninginnelaan 52, 8430 Middelkerke, BelgiumKBO/BCE: BE 0720.786.709

Summary

M-CARGO has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,238 and a net result of €51,537. Equity is growing by about 6.7% per year across the filed financial years. Its solvency ranks better than 71% of 5,823 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow Report Compare

M-CARGOActiveChecked score 86/100

Risk analysis Report Compare

Activity

Freight transport by road

NACE 49410

1 site

Size

€218,240total assets 2025

Equity: €130,238
Profit: €51,537

Turnover not published (micro format)

Financial health

86 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.5%

Structure

2025 accounts 2 days early3 deeds in the Belgian Official Gazette

Why 86raises riskSector: Land transport and transport via pipelines (NACE 49)Size: total assets €218,240lowers riskLiquidity: current ratio 2.00, cash €87,946Equity €130,238 (59.7% of total assets)Show the evidence

Checked score

Score 2025

86 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 82% of its sector peers (NACE 49, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 85+19

equity 59.7% of total assets

Liquidity 85+13

short-term debt 34.6% · cash 40.3%

Profitability 98-1

return on assets 23.6%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,095 companies, NACE 49, micro)

Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.4%▼ -0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025lowest value 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.6%▼ -0.2 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.6%▼ -0.1 percentage points vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▼ -0.2 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026

Credit of up to €11,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.0, compared with 1.36 in 2024, above the usual 1.5; short-term debt: 34.6% and cash: 40.3% of total assets), and 40.3% 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 49, micro): better than 72% on solvency, 88% on liquidity, 86% on profitability and 84% 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

Five signals.

lowers riskraises riskneutral

Sector: Land transport and transport via pipelines (NACE 49)

KBO

Liquidity: current ratio 2.00, cash €87,946

NBB · annual accounts

Equity €130,238 (59.7% of total assets)

NBB · annual accounts

Size: total assets €218,240

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

2 days early

2024

on the day

2023

31 days early

2022

31 days early

2021

1 day early

2020

31 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 14 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)

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 29 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-07-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Equity above €100,000equity €130,238 ▲65.5%
31-07-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Positive: Among the best 10% on net resultsector median €5,731 · 5,794 companies €51,537 View
Positive: Equity rose in 2025from €78,701 to €130,238 ▲ 65.5% View
Positive: Always filed on timeaccounts within the deadline every year 7 years View
Positive: 7 profitable years in a rowprofit 2025: €51,537 7 years View

By topic

Financials

Financial year: 2025
Total assets: €218,240
Profit: €51,537
Solvency: 59.7%

Total assets▲ 13.2%

Net result

20192025

Go to Financials

Timeline

Events: 13
Since: 2020
Next accounts: by 31-07-2027

30-06-2024Annual accounts filed
30-06-2023Annual accounts filed
31-12-2022Liquidity more than 8 times

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Freight transport by roadNACE 49410
Founded: 15-02-2019
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about M-CARGO

What is the company number of M-CARGO?: 0720.786.709. In Belgium the VAT number is the company number with BE in front: BE 0720.786.709.
Where is M-CARGO based?: The registered office is at Koninginnelaan 52, 8430 Middelkerke.Company details
What does M-CARGO do?: According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of M-CARGO?: Private limited company (BV).
When was M-CARGO founded?: On 15-02-2019.
Is M-CARGO still active?: Yes, M-CARGO is an active enterprise in the KBO register.
How many employees does M-CARGO have?: On average 0.7 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
What is the turnover of M-CARGO?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is M-CARGO profitable?: In financial year 2025, M-CARGO made a profit of €51,537.
Where can I find the annual accounts of M-CARGO?: M-CARGO filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of M-CARGO due?: By 31-07-2027, for financial year 2026.Timeline