Result
€22.0m ▲ 273%
The result rose in 2025 from €5.9m to €22.0m.
PSA Antwerp
Lifetime
16 annual accounts with figures on one time axis, 35 filings since 1991Turnoverpeak €314.8m (2025)
€314.8m▲ 15.4%
Resultlowest -€20.9m (2009)
€22.0m▲ 273%
Equitypeak €97.8m (2025)
€97.8m▲ 29.0%
Debts
€470.7m▲ 5.9%
Staffpeak 370.9 FTE (2009)
329 FTE▼ 1.5%
Board11 names since 2018
5 directorsLim Pek Suat and 4 others
Owners4 names in the annual accounts
99.99%Kranji (Netherlands) Investment BV and 2 others
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Turnover from €272.8m to €314.8mResult from €5.9m to €22.0mEquity from €75.8m to €97.8mInvestments €91.3mCash from €4.3m to €21.6m
Key points
from the 2025 annual accountsDebts
€470.7m 82% of the balance sheet
Financial debts 68%Suppliers 25%Taxes and wages 2%Other 4%
Of this, €129.8m falls due within a year.
Investments
€92.7m 3.5 × depreciation
Green is investment, beige is depreciation.
Payment terms
178 days to suppliers
PSA Antwerp pays its suppliers 75 days earlier than in 2024. Customers pay 28 days earlier.
At the same address
18 companies
Board
2 joined · 2 left
Board changed. Latest change 15-05-2026 · 4 in office.
Checked score
69
Healthy
Financially stronger than 66% of large companies in warehousing and transport support (NACE 52)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 66 companies (NACE 52, large).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.8%● unchanged vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.7%▼ -0.1 percentage points vs 01-2026
03-2026: 1.8%▲ +0.1 percentage points vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.8%● unchanged vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026highest value
07-2026: 1.8%● unchanged vs 06-2026
08-2026: 0.9%▼ -0.9 percentage points vs 07-2026lowest value
09-2026: 0.9%● unchanged vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Equity €97.8m (17.0% of total assets)
Liquidity: current ratio 0.78, cash €21.6m
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Legal form: public limited company
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, large). It does better than 38% of them on solvency, 60% on liquidity, 92% on profitability and 74% on growth.
The bankruptcy probability was computed on 05-11-2026 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 low class on 30-06-2025, 0.8% 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, 168 companies had the same profile as PSA Antwerp has now. Each dot is one company, two years later.
98.2%
were still trading
0.6%
stopped another way
1.2%
went bankrupt
That fits the bankruptcy probability of PSA Antwerp itself: 0.9% 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 168 companies, not a prediction for PSA Antwerp. 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 €6,700,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.78 (0.69 in 2024), below 1. Short-term debt is 22.6% and cash 3.8% of total assets. 83% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 863 sector peers (2025).
NBB · sector comparisonPosition among 863 sector peers
Solvency
better than 24%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 days early
2024
3 days early
2023
14 days early
2022
106 days late
2021
44 days late
2020
13 days late
2019
70 days late
← 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 27 days after 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 28 July (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
KB
KPMG Bedrijfsrevisoren
Auditor, Frederic Poesen
- Kranji (Netherlands) Investment BV 99.99%annual accounts 2025
- PSA International Pte Ltd consolidatesannual accounts 2025
- PSA FINANCE EUROPE 0.01%equity €28.4m (2022) · annual accounts 2025
Shares in 9 companies, including NOREXA and COMPUTER SOFTWARE, MANAGEMENT, OPERATIONS AND SERVICES
Board & ownershipRecent changes
Environmental permit granted
Nieuwbouw of aanleggen, Verbouwen / Wijzigen Infrastructuur · Antwerpen
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)
Permanent representative: Frederic Poesen · General meeting of 19-05-2026 · Gazette deed
2 directors appointed, 1 resignation
Resignation: Ng Hak Sen Vincent (chair and director) · Appointments: Dirk Jan Storm (chair) and Terence Lee · General meeting of 30-04-2026 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen · Departement Omgeving
Comparable companies
same main activity, the nearest in size| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| PSA Antwerp Antwerp | €314.8m | 9.8% | 17.0% | 329 |
| DHL SUPPLY CHAIN (BELGIUM) Mechelen | €489.1m | -0.2% | 6.5% | 777.2 |
| DOYEN AUTO Seneffe | €151.3m | 1.7% | 19.6% | 229.5 |
| FedEx Express Belgium Air Hub Grâce-Hollogne | €125.7m | 2.8% | 80.6% | 1,167.7 |
| TABAKNATIE Antwerp | €110.2m | 6.5% | 47.1% | 239.2 |
| DHL GLOBAL FORWARDING (BELGIUM) Machelen (Brab.) | €444.9m | -0.9% | 34.1% | 596.3 |
| GLS Belgium Distribution Drogenbos | €75.0m | 10.1% | 75.7% | 241.3 |
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 PSA Antwerp: warehousing and support activities for transportation (NACE 52249). They are smaller than PSA Antwerp: total assets between €71m and €159m, founded between 1963 and 2006.
Official details
Source: KBO- Status
- Active since 14-02-1991Normal situation
- Registered office
- 19 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Warehousing and support activities for transportationNACE 52249and 2 others
- Joint committee
- 226White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment units
- 2.051.590.4812000 Antwerp, since 20-02-1991
- 2.232.548.0402040 Antwerp, since 18-07-2002and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Annual accounts 2025
- Total assets
- €575.0m▲ 9.2%
- Employeeson 31-12-2025
- 347▲ 2.4%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Companies linked to PSA Antwerp
Subsidiaries and holdings
Insights on PSA Antwerp
PSA Antwerp has existed since 1991. Turnover grew from €107.3m in 2009 to €314.8m in 2025.
Kranji (Netherlands) Investment BV holds all the shares.
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 PSA Antwerp
- What is the company number of PSA Antwerp?
- The company number of PSA Antwerp is 0442.652.075. The VAT number is the same number with BE in front: BE 0442.652.075.
- Where is PSA Antwerp based?
- The registered office is at Napelsstraat 79, 2000 Antwerp.Company details
- What does PSA Antwerp do?
- According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
- What is the legal form of PSA Antwerp?
- PSA Antwerp is a public limited company (NV).
- When was PSA Antwerp founded?
- PSA Antwerp was founded on 14-02-1991.
- Is PSA Antwerp still active?
- Yes, PSA Antwerp is an active enterprise in the KBO register.
- How many employees does PSA Antwerp have?
- PSA Antwerp had an average of 329 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PSA Antwerp fall under?
- In its 2025 annual accounts, PSA Antwerp states joint committee 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of PSA Antwerp?
- The turnover of PSA Antwerp was €314.8m in financial year 2025, according to the filed annual accounts.
- Is PSA Antwerp profitable?
- In financial year 2025, PSA Antwerp made a profit of €22.0m.
- Where can I find the annual accounts of PSA Antwerp?
- PSA Antwerp filed 60 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PSA Antwerp due?
- PSA Antwerp must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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