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RHENUS AIR & OCEAN

Active
Public limited companyfounded 1968active for 58 yearsRoderveldlaan 5, 2600 Antwerpen, BelgiumKBO/BCE: BE 0404.804.061
Summary

RHENUS AIR & OCEAN has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.9m and a net result of -€18,781. Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 55% of 863 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Official details

Source: KBO
Status
Active Normal situation
Registered office
12 active companies are registered at this address Source: KBO register, as of 2 November 2026.
Activity
Logistics services NACE 52250
Joint committee
226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek · annual accounts 2025
Establishment units
2.001.570.650 2600 Antwerpen, since 01-06-1966
2.001.570.749 4460 Grâce-Hollogne, since 11-09-1991and 2 others
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
Auditor
RSM INTERAUDIT
Shareholders
  • RHENUS HOLDING BELGIUM2025 annual accounts of RHENUS HOLDING BELGIUM
  • Rethmann Se & Co KGannual accounts 2025

Financial position

80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Turnover
€118.7m
▼ 10.0%
Loss
€18,781
Equity
€15.9m
▼ 0.1%
Total assets
€37.6m
▲ 1.1%
Employees on 31-12-2025
104
▼ 9.6%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 2.04, cash €212,996, halvedSector: Warehousing and support activities for transportation (NACE 52)lowers riskSize: turnover €118.7m, 111.3 FTE, total assets €37.6mShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 32% of medium-sized companies in warehousing and transport support (NACE 52)
Financial strength · tick: 2024
Weak
Solvency 67-1
equity 42.4% of total assets
Liquidity 27=
short-term debt 48.7% · cash 0.6%
Profitability 19-11
return on assets 0.0%
Bankruptcy probability within 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 0.5% (176 companies, NACE 52, medium-sized)
Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.8%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%▼ -0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.6 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.4%▲ +0.2 percentage points vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €1,250,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.04 (2.02 in 2024), above the usual 1.5. Short-term debt is 48.7% and cash 0.6% of total assets. However, 57.6% of the assets are financed with debt and provisions.
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, medium-sized). It does better than 63% of them on solvency, 31% on liquidity, 14% on profitability and 21% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €118.7m, 111.3 FTE, total assets €37.6m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 2.04, cash €212,996, halved
NBB · annual accounts
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
28 days early
2023
36 days early
2022
35 days early
2021
26 days early
2020
44 days early
2019
66 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 20 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 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €794,323 in 2024 -€18,781 View
  • Positive: More equity than 85% of companies in warehousing and transport supportsector median €1.6m · 855 companies €15.9m View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • Merger with RHENUS LOGISTICS NVmerger on 08-07-2024 2024 View

Recent changes

  1. · Gazette deed Registered office moved from Borgerhout to Antwerpen
  2. · Gazette deed Merger: RHENUS AIR & OCEAN takes over RHENUS LOGISTICSCapital increase of €598,894 to €3,722,894 · Resignations: Tilde Coppin (director) and Kurt Mertens (director) · Appointment: Ivan Van Eetvelt (director)
  3. · Gazette deed Merger proposal: Rhenus Air & Ocean takes over RHENUS LOGISTICS NV
All 21 events

Comparable companies

These companies have the same main activity as RHENUS AIR & OCEAN: logistics services (NACE 52250). They are comparable in size and age: total assets between €30m and €82m, founded between 1955 and 1988.

CompanyTotal assetsTurnover
RHENUS AIR & OCEAN Antwerpen€37.6m€118.7m
CEVA Air & Ocean Belgium Antwerpen€34.3m€129.4m
BDP International Antwerpen€65.6m€211.8m
ECU WORLDWIDE (BELGIUM) Antwerpen€29.6m€60.1m
MEDLOG Antwerpen€40.5m€130.5m
SHIPEX Antwerpen€42.6m€90.1m
MANUPORT LOGISTICS Antwerpen€82.1m€259.8m
Full comparison

Key facts about RHENUS AIR & OCEAN

What is the company number of RHENUS AIR & OCEAN?
The company number of RHENUS AIR & OCEAN is 0404.804.061. The VAT number is the same number with BE in front: BE 0404.804.061.
Where is RHENUS AIR & OCEAN based?
The registered office is at Roderveldlaan 5, 2600 Antwerpen.Company details
What does RHENUS AIR & OCEAN do?
According to the KBO register, the main activity is logistics services (NACE 52250).
What is the legal form of RHENUS AIR & OCEAN?
The legal form of RHENUS AIR & OCEAN is Public limited company (NV).
When was RHENUS AIR & OCEAN founded?
RHENUS AIR & OCEAN was founded on 01-01-1968.
Is RHENUS AIR & OCEAN still active?
Yes, RHENUS AIR & OCEAN is an active enterprise in the KBO register.
How many employees does RHENUS AIR & OCEAN have?
RHENUS AIR & OCEAN had an average of 111.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does RHENUS AIR & OCEAN fall under?
In its 2025 annual accounts, RHENUS AIR & OCEAN states joint committee 226 (Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek).
What is the turnover of RHENUS AIR & OCEAN?
The turnover of RHENUS AIR & OCEAN was €118.7m in financial year 2025, according to the filed annual accounts.
Is RHENUS AIR & OCEAN profitable?
In financial year 2025, RHENUS AIR & OCEAN made a loss of €18,781.
Where can I find the annual accounts of RHENUS AIR & OCEAN?
RHENUS AIR & OCEAN filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RHENUS AIR & OCEAN due?
RHENUS AIR & OCEAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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