Equity
€4.6m ▲ 378%
Equity rose in 2025 from €962,476 to €4.6m.
PORTMADE
Lifetime
18 annual accounts with figures on one time axis, 29 filings since 1997peak €14.1m (2025)
€14.1m▲ 18.6%
peak €3.6m (2025)
€3.6m▲ 95.6%
peak €4.6m (2025)
€4.6m▲ 378%
€15.6m▼ 62.0%
peak 34.4 FTE (2022)
23 FTE▼ 4.6%
Board23 names since 2004all names
3 directorsKrafant Consulting bv and 2 others
Owners5 names in the annual accounts
100%CS BELGIUM HOLDING and 1 other
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Turnover from €11.8m to €14.1mResult from €1.9m to €3.6mResignation: Gildea Elizabeth (director) 09-05Equity from €962,476 to €4.6mDebts from €41.1m to €15.6mCash from €36.6m to €1.9m
Key points
from the 2025 annual accountsDebts
€15.6m 77% of the balance sheet
Suppliers 81%Taxes and wages 15%Other 3%
Staff
23 FTE from 34.4 in 2022
Between 2022 and 2025, 33% of the full-time equivalents disappeared.
Payment terms
563 days to suppliers
PORTMADE pays its suppliers 1,045 days earlier than in 2024. Customers pay 275 days later.
Filings
29 annual accounts since 1997
Two of the last ten came late. The 2017 accounts came latest: 37 days after the end of the period.
At the same address
162 companies
Checked score
87
Excellent
Financially stronger than 59% of small companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 596 companies (NACE 52, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025highest value
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.2%▼ -0.2 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
Equity €4.6m (22.7% of total assets)
lowers risk
Size: turnover €14.1m, 23 FTE, total assets €20.2m
Founded in 1996
Calculation
The band follows from the bankruptcy probability. 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 52, small). It does better than 35% of them on solvency, 17% on liquidity, 94% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as PORTMADE has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of PORTMADE itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for PORTMADE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €390,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (1.04 in 2024), below the usual 1.5. Short-term debt is 77.3% and cash 9.5% of total assets. 77.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 days early
2024
16 days early
2023
20 days early
2022
12 days early
2021
9 days early
2020
8 days early
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 16 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
KC
Krafant Consulting bv
Managing director, Kurt CRAUWELS
- CS BELGIUM HOLDING 100%equity €8.5m (2025) · 2025 annual accounts of CS BELGIUM HOLDING
- Customs HoldCo BV consolidatesannual accounts 2025
Shares in 1 company, RX SEAPORT
Board & ownershipRecent changes
Appointment: Krafant Consulting bv (managing director)
Permanent representative: Kurt CRAUWELS · Board meeting of 26-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0458338361
Resignation: Gildea Elizabeth (director)
Appointment: Wijnia Wiebe (director) · General meeting of 11-01-2025 · Gazette deed
1 director appointed, 1 resignation
Resignation: Frank Weermeijer · Appointment: John Evert Wegman · Permanent representative: Kurt Crauwels · General meeting of 14-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PORTMADE Antwerp | €14.1m | 35.3% | 22.7% | 23 |
| REMANT Antwerp | €11.1m | 24.8% | 53.3% | 24.9 |
| BOECKMANS BELGIE Antwerp | €9.2m | 5.8% | 11.7% | 26 |
| S.B. LOGISTIC Oudenaarde | €16.3m | -2.2% | 89.9% | 29.1 |
| Ahlers Logistics Antwerp | €27.4m | -8.9% | 26.3% | 22.5 |
| Commodity Centre Belgium Antwerp | €18.7m | 1.9% | 29.8% | 14.1 |
| Belgian Fruit Forwarding Company Antwerp | €10.9m | 14.1% | 55.7% | 33.6 |
Grey: the largest companies of the sector (warehousing and transport support (NACE 52)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PORTMADE: logistics services (NACE 52250). They are comparable in size and age: total assets between €11m and €29m, founded between 1978 and 2003.
Official details
Source: KBO- Status
- Active since 10-07-1996Normal situation
- Registered office
- 163 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Logistics servicesNACE 52250
- Joint committees
- 140.03Road transport and logistics for third parties
- 226White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment units
- 2.079.031.4842030 Antwerp, since 08-11-1996
- 2.132.990.4088380 Bruges, since 17-09-2003and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €20.2m▼ 52.9%
- Employeeson 31-12-2025
- 24▲ 9.1%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on PORTMADE
PORTMADE has existed since 1996. Turnover grew from €3.0m in 2008 to €14.1m in 2025.
Solvency rose in 2025 from 2.2% to 22.7% because of the retained profit and lower debts.
CS BELGIUM HOLDING holds all the shares. In August 2022, four directors stepped down. In April 2026, the Official Gazette published the appointment of Krafant Consulting bv as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PORTMADE
- What is the company number of PORTMADE?
- The company number of PORTMADE is 0458.338.361. The VAT number is the same number with BE in front: BE 0458.338.361.
- Where is PORTMADE based?
- The registered office is at Noorderlaan 147, 2030 Antwerp.Company details
- What does PORTMADE do?
- According to the KBO register, the main activity is logistics services (NACE 52250).
- What is the legal form of PORTMADE?
- PORTMADE is a public limited company (NV).
- When was PORTMADE founded?
- PORTMADE was founded on 10-07-1996.
- Is PORTMADE still active?
- Yes, PORTMADE is an active enterprise in the KBO register.
- How many employees does PORTMADE have?
- PORTMADE had an average of 23 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PORTMADE fall under?
- In its 2025 annual accounts, PORTMADE states joint committees 140.03 (Road transport and logistics for third parties) and 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of PORTMADE?
- The turnover of PORTMADE was €14.1m in financial year 2025, according to the filed annual accounts.
- Is PORTMADE profitable?
- In financial year 2025, PORTMADE made a profit of €3.6m.
- Where can I find the annual accounts of PORTMADE?
- PORTMADE filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PORTMADE due?
- PORTMADE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.