Financials
- Fiscal year
- 2025
- Turnover
- €14.1m
- Profit
- €3.6m
- Solvency
- 22.7%
Turnover▲ 18.6%
Net result
20222025
PORTMADE
ActiveSummary
PORTMADE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €3.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 847 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Logistics services
NACE 52250NACE 52290
3 sites
Size
€14.1mturnover 2025
- Staff
- 23 FTE
- Equity
- €4.6m
- Profit
- €3.6m
Structure
- Parent
- CS BELGIUM HOLDING · 100%
- Board
- 3 members
- Holdings
- 1
Auditor: CALLENS VANDELANOTTEAccounts 15 d early
Why 87- Sector Warehousing and support activities for transportation (NACE 52)- Equity €4.6m (22.7% of total assets)+ Size: turnover €14.1m, 23 FTE, total assets €20.2m+ Founded in 1996Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (NACE 52, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
48+21
equity 22.7% of total assets
Liquidity
20-30
short-term debt 77.3% · cash 9.5%
Profitability
94+11
return on assets 18.0%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%▲ +17.7% vs 11-2024
01-2025: 0.3%● 0.0% vs 12-2024
02-2025: 0.3%▼ -3.6% vs 01-2025
03-2025: 0.3%● 0.0% vs 02-2025
04-2025: 0.3%▲ +5.1% vs 03-2025
05-2025: 0.4%▲ +23.5% vs 04-2025
06-2025: 0.4%▲ +1.3% vs 05-2025
07-2025: 0.4%▲ +10.8% vs 06-2025highest value
08-2025: 0.4%▼ -17.9% vs 07-2025
09-2025: 0.2%▼ -42.2% vs 08-2025
10-2025: 0.2%● 0.0% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%▼ -3.9% vs 01-2026
03-2026: 0.2%● 0.0% vs 02-2026
04-2026: 0.2%▼ -6.6% vs 03-2026
05-2026: 0.2%▼ -1.1% vs 04-2026
06-2026: 0.2%▼ -2.2% vs 05-2026lowest value
07-2026: 0.2%▲ +6.8% vs 06-2026
08-2026: 0.3%▲ +56.6% vs 07-2026
09-2026: 0.3%● 0.0% vs 08-2026
10-2026: 0.3%● 0.0% vs 09-2026
- Sector Warehousing and support activities for transportation (NACE 52) raises the probability
- Size: turnover €14.1m, 23 FTE, total assets €20.2m lowers the probability for this profile
- Equity €4.6m (22.7% of total assets) raises the probability
- Founded in 1996 lowers the probability for this profile
Credit up to €390,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.04 in 2024; short-term debt: 77.3% and cash: 9.5% of total assets), and 77.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, small). Better than this share of them on solvency 36%, liquidity 17%, profitability 94%, growth against the median 91%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.6m
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
16 d early
2023
20 d early
2022
12 d early
2021
9 d early
2020
8 d early
2019
3 d 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 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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. Usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Appointment: Krafant Consulting bv (managing director)Permanent representative: Kurt CRAUWELS ·…
- Highest result since 2018net €3.6m ▲95.6%
Key points
- Positive: Equity rose in 2025from €962,476 to €4.6m ▲ 378% View
- Positive: Among the best 9% on net resultsector median €110,742 · 840 companies €3.6m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €3.6m 8 years View
- Controlled by CS BELGIUM HOLDINGultimately: Customs HoldCo BV 100% View
By topic
Board & ownership
- Board
- 3 members
- Parent
- CS BELGIUM HOLDING · 100%
- Auditor
- CALLENS VANDELANOTTE
Go to Board & ownership
Network & group
- Group
- Customs HoldCo BV
- Holdings
- 1
- Connected companies
- 1
- Mergers and contributions
- 1
1 holding
Timeline
- Events
- 37
- Since
- 2004
- Next accounts
- by 31-07-2027
- 16-07-2026Annual accounts filed
- 09-04-2026Appointment: Krafant Consulting bv (managing director)
- 31-12-2025Highest result since 2018
Company details
- Sites
- 3
- Legal form
- Public limited company
- Activity
- Logistics servicesNACE 52250
- Founded
- 10-07-1996
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De vennootschap heeft tot doel Alle douaneverrichtingen, zowel scheepsgebonden als…
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