Result
From profit to loss in 2025, after a profit of €3,166 in 2024.
From profit to loss in 2025, after a profit of €3,166 in 2024.
Of this, €636,062 falls due within a year.
Lower net result than 95% of companies in land transport. Sector median €5,676 · 5,912 companies.
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 49, micro). It does better than 21% of them on solvency, 14% on liquidity, 25% on profitability and 92% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.11 (0.28 in 2024), below 1. Short-term debt is 66.4% and cash 0.8% of total assets. 91% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 79 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SCHELDEROUTE Hamme (Vl.) | €957,648 | €40,447 | 9.0% | - |
| Olsco Zulte | €987,847 | €43,690 | 95.2% | - |
| ALL TRACUP Temse | €921,793 | €56,331 | 21.8% | - |
| Servimar Laarne | €784,202 | €40,708 | 90.0% | - |
| VERVAET SERVICES Laarne | €788,329 | €45,858 | 80.2% | - |
| TRANSPORT BACKAERT Nazareth-De Pinte | €999,229 | €52,114 | 95.6% | - |
| STENITRA Beveren-Kruibeke-Zwijndrecht | €772,978 | €44,518 | 88.0% | - |
These companies have the same main activity as SCHELDEROUTE: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €773,000 and €999,000, founded between 1991 and 2007.
SCHELDEROUTE files the micro format. That format states no turnover. The gross margin rose from €8,431 in 2006 to €40,447 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €100,000 and €210,000.
Higher than 22% of 5,940 companies in 2025.
Lower than 95% of 5,694 companies in 2025.
Higher than 22% of 5,757 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
957,648 | 1.2m | 1.3m | 1.3m | 1.1m | 1.2m | 1.2m | 1.5m | 1.5m | 911,993 | 639,219 | 884,941 | 952,397 | 973,459 | 978,092 | 548,270 | 448,564 | 431,250 | 134,486 | 55,463 | |
20 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75 | |
21/28 |
886,919 | 957,874 | 1.0m | 1.1m | 991,654 | 1.1m | 1.1m | 1.1m | 1.2m | 656,594 | 468,219 | 524,840 | 629,714 | 695,047 | 659,781 | 314,152 | 324,714 | 349,438 | 94,228 | 34,127 | |
21 |
3,208 | 3,708 | 4,208 | 4,708 | - | - | - | - | - | - | - | 646 | 1,293 | 1,939 | 2,585 | - | - | - | - | - | |
22/27 |
363,696 | 434,151 | 501,497 | 588,509 | 471,644 | 539,665 | 541,668 | 575,015 | 675,832 | 656,594 | 468,219 | 524,194 | 628,421 | 693,108 | 657,196 | 314,152 | 324,714 | 349,438 | 94,228 | 34,053 | |
22 |
275,239 | 291,174 | 307,117 | 329,715 | 352,363 | 375,011 | 397,659 | 420,307 | 442,955 | 410,383 | 350,994 | 373,586 | 396,179 | 418,061 | 440,283 | 93,814 | - | - | - | - | |
23 |
75,689 | 122,190 | 163,144 | 210,829 | 72,963 | 85,845 | 76,742 | 41,716 | 45,923 | 52,995 | 68,816 | 59,546 | 81,114 | 100,064 | 35,225 | 42,390 | 111,190 | 147,833 | 11,999 | 798 | |
24 |
12,769 | 20,651 | 30,956 | 47,541 | 45,750 | 78,349 | 67,267 | 112,992 | 180,313 | 193,216 | 48,408 | 91,062 | 151,128 | 174,983 | 165,315 | 115,667 | 92,850 | 41,203 | 27,771 | 12,273 | |
25 |
0 | 136 | 280 | 424 | 568 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
520,015 | 520,015 | 520,015 | 520,010 | 520,010 | 520,010 | 520,010 | 520,000 | 520,000 | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
70,728 | 210,010 | 234,517 | 161,267 | 155,339 | 162,515 | 110,832 | 382,206 | 310,788 | 255,399 | 171,001 | 360,101 | 322,684 | 278,412 | 318,311 | 234,117 | 123,850 | 81,811 | 40,258 | 21,336 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,834 | 1,834 | 1,834 | 1,834 | 2,334 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,834 | 1,834 | 1,834 | 1,834 | 2,334 | |
40/41 |
62,622 | 209,133 | 234,517 | 127,337 | 137,009 | 156,272 | 110,832 | 381,306 | 298,810 | 246,986 | 164,540 | 350,263 | 298,711 | 267,354 | 315,928 | 232,283 | 98,495 | 70,353 | 33,661 | 17,378 | |
40 |
62,622 | 206,637 | 234,517 | 127,337 | 80,740 | 156,272 | 110,832 | 145,367 | 136,680 | 164,090 | 102,922 | 320,406 | 291,498 | 257,006 | 315,928 | 222,777 | 81,420 | 69,603 | 33,617 | 17,378 | |
41 |
0 | 2,496 | - | - | 56,269 | - | - | 235,940 | 162,130 | 82,897 | 61,618 | 29,857 | 7,213 | 10,347 | - | 9,506 | 17,075 | 750 | 43 | - | |
54/58 |
8,106 | 0 | - | 33,930 | 18,330 | 6,243 | - | 900 | 11,979 | 3,051 | 1,099 | 6,976 | 21,111 | 9,485 | 2,383 | - | 23,426 | 6,883 | 4,763 | 300 | |
490/1 |
0 | 877 | - | - | - | - | - | - | - | 5,362 | 5,362 | 2,862 | 2,862 | 1,574 | - | - | 95 | 2,741 | - | 1,324 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
957,648 | 1.2m | 1.3m | 1.3m | 1.1m | 1.2m | 1.2m | 1.5m | 1.5m | 911,993 | 639,219 | 884,941 | 952,397 | 973,459 | 978,092 | 548,270 | 448,564 | 431,250 | 134,486 | 55,463 | |
10/15 |
86,177 | 35,820 | 32,654 | 34 | -33,098 | -10,924 | 12,070 | 3,625 | 28,450 | 40,844 | 14,506 | 738 | 21,186 | 20,308 | 14,150 | 23,863 | 22,294 | 21,578 | 21,170 | 9,513 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
112,654 | 12,654 | 12,654 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 207 | 207 | 207 | 207 | 197 | 197 | 117 | 81 | 60 | - | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 207 | 207 | 207 | 207 | 197 | 197 | 117 | 81 | 60 | - | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
110,654 | 10,654 | 10,654 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-46,477 | 3,166 | - | -21,966 | -55,098 | -32,924 | -9,930 | -18,375 | 6,450 | 18,844 | -5,701 | -19,469 | 979 | 101 | -6,047 | 3,666 | 2,177 | 1,497 | 1,110 | -10,487 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,000 | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,000 | - | - | - | |
17/49 |
871,470 | 1.1m | 1.2m | 1.3m | 1.2m | 1.2m | 1.2m | 1.5m | 1.5m | 871,149 | 624,713 | 884,203 | 931,211 | 953,151 | 963,943 | 524,407 | 421,269 | 409,672 | 113,316 | 45,950 | |
17 |
235,148 | 371,133 | 452,942 | 580,583 | 549,093 | 629,409 | 735,220 | 849,454 | 990,766 | 576,332 | 479,784 | 456,690 | 442,775 | 501,511 | 582,968 | 101,256 | 171,903 | 231,039 | 35,111 | 13,564 | |
170/4 |
234,828 | 370,813 | 452,622 | 580,263 | 549,093 | 628,409 | 734,220 | 848,454 | 989,766 | 575,332 | 479,784 | 456,690 | 442,775 | 501,511 | 582,968 | 101,256 | 171,903 | 231,039 | 35,111 | 13,564 | |
178/9 |
320 | 320 | 320 | 320 | - | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | - | - | - | - | - | - | - | - | - | - | |
42/48 |
636,062 | 760,931 | 774,642 | 693,876 | 631,000 | 603,705 | 425,220 | 624,142 | 487,404 | 294,817 | 144,930 | 427,513 | 488,436 | 451,640 | 380,938 | 423,151 | 249,359 | 178,632 | 78,205 | 32,386 | |
42 |
94,412 | 65,110 | 111,714 | 86,529 | 86,467 | 115,742 | 142,408 | 151,247 | 143,583 | 88,526 | 64,546 | 43,855 | 59,721 | 101,993 | 105,068 | 85,526 | 78,128 | 75,951 | 14,504 | 4,814 | |
43 |
8,637 | 6,099 | 3,386 | - | - | - | 1,573 | - | - | - | 1,487 | - | 513 | - | 2,723 | 240 | - | - | - | - | |
430/8 |
8,637 | 6,099 | 3,386 | - | - | - | 1,573 | - | - | - | - | - | 513 | - | 2,723 | 240 | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | 1,487 | - | - | - | - | - | - | - | - | - | |
44 |
55,533 | 25,130 | 257,849 | 259,338 | 172,399 | 189,734 | 170,936 | 252,442 | 191,779 | 65,454 | 13,227 | 205,918 | 197,875 | 156,390 | 152,935 | 111,397 | 52,039 | 18,620 | 22,677 | 14,157 | |
440/4 |
55,533 | 25,130 | 257,849 | 259,338 | 172,399 | 189,734 | 170,936 | 252,442 | 191,779 | 65,454 | 13,227 | 205,918 | 197,875 | 156,390 | 152,935 | 111,397 | 52,039 | 18,620 | 22,677 | 14,157 | |
441 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
46 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | 57,642 | - | - | - | - | |
45 |
4,433 | 8,716 | 5,502 | 17,425 | 8,486 | 16,316 | 12,482 | 16,437 | 15,937 | 14,500 | 5,552 | - | - | 1,000 | 1,576 | 3,000 | - | 380 | 1,100 | 3,213 | |
450/3 |
4,433 | 5,895 | 5,502 | 12,420 | 2,108 | 10,380 | 8,300 | 14,614 | 15,937 | 14,500 | 5,552 | - | - | 1,000 | 1,576 | 3,000 | - | 380 | 1,100 | 3,213 | |
454/9 |
0 | 2,822 | - | 5,004 | 6,378 | 5,936 | 4,182 | 1,823 | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
473,047 | 655,875 | 396,191 | 330,584 | 363,648 | 281,913 | 97,821 | 204,015 | 136,106 | 126,337 | 60,118 | 177,740 | 230,327 | 192,256 | 118,636 | 165,346 | 119,191 | 83,681 | 39,924 | 10,201 | |
492/3 |
261 | - | - | - | - | - | - | - | - | - | - | - | - | - | 36 | - | 8 | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 208,993 | 92,997 | 51,444 | |
76A |
- | - | 2,860 | 2,350 | - | 5,000 | 94,292 | 91,312 | 26,546 | 32,932 | 15,000 | 19,684 | 51,320 | 71,439 | 31,253 | 9,824 | 500 | - | 9,667 | - | |
9900 |
40,447 | 95,107 | 166,190 | 202,161 | 151,342 | 105,072 | 151,752 | 166,619 | 155,577 | 213,568 | 126,389 | 109,109 | 120,263 | 149,892 | 169,152 | 167,614 | 184,597 | 128,953 | 47,353 | 8,431 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 103,418 | 50,967 | 45,816 | |
62 |
1,585 | 689 | 25,854 | 53,142 | 49,140 | 34,036 | 45,532 | 37,991 | 32,236 | 17,186 | 4,865 | - | - | - | - | - | - | - | - | - | |
630 |
70,955 | 73,449 | 87,511 | 73,412 | 77,382 | 71,224 | 74,104 | 108,184 | 112,485 | 130,378 | 103,196 | 126,257 | 148,377 | 160,520 | 187,402 | 145,038 | 140,586 | 115,476 | 31,195 | 11,551 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 10,549 | - | -1,865 | 17,130 | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5,000 | 5,000 | - | - | - | |
640/8 |
10,428 | 10,284 | 7,079 | 28,331 | 33,738 | 6,695 | 8,625 | 30,635 | 9,260 | 8,312 | 6,155 | 6,313 | 6,834 | 19,589 | 3,595 | 7,119 | 5,019 | 1,863 | 10,757 | 662 | |
66A |
- | - | - | - | - | 324 | - | - | - | - | - | - | - | 950 | 10,828 | 13,245 | 138 | - | - | - | |
9901 |
-42,521 | 10,685 | 45,745 | 47,277 | -8,918 | -7,207 | 23,491 | -10,190 | 1,596 | 57,691 | 12,173 | -23,461 | -34,948 | -40,766 | -21,845 | 22,321 | 16,862 | 11,614 | 5,401 | -3,781 | |
75/76B |
- | - | 16 | 11 | 104 | 309 | 1,118 | 7,537 | 2,676 | 2,693 | 1,124 | 5 | 76 | 270 | 786 | 711 | 279 | 16 | 125 | 141 | |
75 |
- | - | 16 | 11 | 104 | 309 | 1,118 | 7,537 | 2,676 | 2,693 | 1,124 | 5 | 76 | 270 | 786 | 711 | 279 | 16 | 125 | 141 | |
65/66B |
7,121 | 7,519 | 9,789 | 14,154 | 13,360 | 16,096 | 16,165 | 22,172 | 15,953 | 19,546 | 14,529 | 15,077 | 15,525 | 22,730 | 10,112 | 13,775 | 16,789 | 10,628 | 2,436 | 862 | |
65 |
7,121 | 7,519 | 9,789 | 14,154 | 13,360 | 16,096 | 16,165 | 22,172 | 15,953 | 14,518 | 14,529 | 15,077 | 15,525 | 22,730 | 10,112 | 13,775 | 16,789 | 10,628 | 2,436 | 862 | |
66B |
- | - | - | - | - | - | - | - | - | 5,027 | - | - | - | - | - | - | - | - | - | - | |
9903 |
-49,642 | 3,166 | 35,972 | 33,133 | -22,174 | -22,994 | 8,445 | -24,825 | -11,681 | 40,838 | 13,768 | -18,848 | 924 | 7,263 | -10,746 | 5,836 | 714 | 1,002 | 12,757 | -4,502 | |
67/77 |
- | - | 3,353 | - | - | - | - | - | 714 | 14,500 | - | 1,599 | 45 | 1,104 | -1,033 | 4,268 | -2 | 594 | 1,100 | 1 | |
9904 |
-49,642 | 3,166 | 32,620 | 33,133 | -22,174 | -22,994 | 8,445 | -24,825 | -12,395 | 26,338 | 13,768 | -20,448 | 878 | 6,158 | -9,713 | 1,568 | 716 | 408 | 11,657 | -4,503 | |
9905 |
-49,642 | 3,166 | 32,620 | 33,133 | -22,174 | -22,994 | 8,445 | -24,825 | -12,395 | 26,338 | 13,768 | -20,448 | 878 | 6,158 | -9,713 | 1,568 | 716 | 408 | 11,657 | -4,503 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-46,477 | 3,166 | 10,654 | -21,966 | -55,098 | -32,924 | -9,930 | -18,375 | 6,450 | 20,637 | -5,701 | -19,469 | 979 | 111 | -6,047 | 3,746 | 2,213 | 1,518 | 1,170 | -15,487 | |
14P |
3,166 | - | -21,966 | -55,098 | -32,924 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 10,654 | - | - | - | - | - | - | 1,793 | - | - | - | 10 | - | 80 | 36 | 21 | 60 | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,793 | - | - | - | 10 | - | 80 | 36 | 21 | 60 | - | |
6921 |
- | - | 10,654 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0 | - | 0.3 | 1 | 1 | 0.8 | 0.8 | - | 0.5 | 0.5 | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | 178 | 1,460 | 1,476 | 984 | 1,479 | - | 730 | 730 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-08-2026.
2025 annual accounts filed 6 days after the deadline. Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384228.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00384228 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00423180 | |
| 31-12-2023 | micro format | 29-10-2024 | 2024-00521193 | |
| 31-12-2022 | micro format | 24-10-2023 | 2023-00492162 | |
| 31-12-2021 | micro format | 28-11-2022 | 2022-20527555 | |
| 31-12-2020 | micro format | 17-11-2021 | 2021-77500102 | |
| 31-12-2019 | micro format | 26-11-2020 | 2020-72000508 | |
| 31-12-2018 | micro format | 13-09-2019 | 2019-64200477 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66200056 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65000111 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-53200081 | |
| 31-12-2014 | abbreviated format | 22-07-2015 | 2015-33300236 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-53800290 | |
| 31-12-2012 | abbreviated format | 25-07-2013 | 2013-34100248 | |
| 31-12-2011 | abbreviated format | 06-07-2012 | 2012-26100379 | |
| 31-12-2010 | abbreviated format | 13-07-2011 | 2011-28300244 | |
| 31-12-2009 | abbreviated format | 29-06-2010 | 2010-22600279 | |
| 31-12-2008 | abbreviated format | 19-06-2009 | 2009-24800077 | |
| 31-12-2007 | abbreviated format | 25-06-2008 | 2008-27300400 | |
| 31-12-2006 | abbreviated format | 26-06-2007 | 2007-27500132 | |
| 31-12-2005 | abbreviated format | 21-06-2006 | 2006-27500984 | |
| 31-12-2004 | abbreviated format | 23-06-2005 | 2005-32301707 | |
| 31-12-2003 | abbreviated format | 02-07-2004 | 2004-40502733 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28,434 | 84,134 | 133,257 | 120,689 | 68,463 | 64,016 | 97,596 | 97,994 | 114,081 | 188,069 | 115,369 | 102,796 | 113,429 | 119,754 | 165,558 | 167,359 | 157,448 | 127,090 | 36,596 | 7,770 | ||
| 21,312 | 76,615 | 120,131 | 106,545 | 55,207 | 48,230 | 82,550 | 83,359 | 100,090 | 156,716 | 116,964 | 105,809 | 149,255 | 166,678 | 177,689 | 146,606 | 141,302 | 115,883 | 42,852 | 7,048 | ||
| 0 | 5,603 | 5 | 195,135 | 9,361 | 76,645 | 98,226 | 23,455 | 658,056 | 323,353 | 47,069 | 30,219 | 89,024 | 216,047 | 560,045 | 258,024 | 138,674 | 370,686 | 96,629 | 41,424 | ||
| 8,106 | - | - | 15,600 | 12,087 | - | - | -11,079 | 8,928 | 1,952 | -5,877 | -14,136 | 11,627 | 7,101 | - | - | 16,543 | 2,120 | 4,463 | - | ||
| -565,333 | -550,921 | -540,125 | -532,609 | -475,660 | -441,190 | -314,388 | -241,935 | -176,616 | -39,418 | 26,071 | -67,412 | -165,752 | -173,228 | -62,627 | -189,033 | -125,509 | -96,821 | -37,947 | -11,050 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.6% | 5.8% | -7.3% | ||
| 9.0% | 3.1% | 2.6% | 0.0% | -2.9% | -0.9% | 1.0% | 0.2% | 1.9% | 4.5% | 2.3% | 0.1% | 2.2% | 2.1% | 1.4% | 4.4% | 5.0% | 5.0% | 15.7% | 17.2% | ||
| 0.11 | 0.28 | 0.30 | 0.23 | 0.25 | 0.27 | 0.26 | 0.61 | 0.64 | 0.87 | 1.18 | 0.84 | 0.66 | 0.62 | 0.84 | 0.55 | 0.50 | 0.46 | 0.51 | 0.66 | ||
| 0.11 | 0.28 | 0.30 | 0.23 | 0.25 | 0.27 | 0.26 | 0.61 | 0.64 | 0.87 | 1.18 | 0.84 | 0.66 | 0.62 | 0.84 | 0.55 | 0.49 | 0.45 | 0.49 | 0.59 | ||
| 10.11 | 31.60 | 37.59 | - | - | - | 96.14 | - | 51.96 | 21.33 | 43.07 | - | 43.95 | 46.93 | 68.13 | 21.98 | 18.90 | 18.99 | 5.35 | 4.83 | ||
| -57.6% | 8.8% | 99.9% | - | - | - | 70.0% | -684.8% | -43.6% | 64.5% | 94.9% | - | 4.1% | 30.3% | -68.6% | 6.6% | 3.2% | 1.9% | 55.1% | -47.3% | ||
| -5.2% | 0.3% | 2.6% | 2.6% | -1.9% | -1.9% | 0.7% | -1.7% | -0.8% | 2.9% | 2.2% | -2.3% | 0.1% | 0.6% | -1.0% | 0.3% | 0.2% | 0.1% | 8.7% | -8.1% | ||
| 3.99 | 11.19 | 13.61 | 8.53 | 5.12 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 122 days | 132 days | 123 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66 days | 162 days | 113 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | 1 | 1 |
| part-time | - | - | 1 | 1 |
| in full-time equivalents | - | - | 0.8 | 0.8 |
| - | 0.3 | 0.9 | 0.9 | |
| On a permanent contract | - | - | 1 | 1 |
| Joined | - | 0 | - | - |
| Left | - | 1 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,603 | - | €190,135 | €9,361 |
| Intangible fixed assets | - | - | - | €5,000 | - |
| Financial fixed assets | - | - | €5 | - | - |
| €70,955 | €73,449 | €87,511 | €73,412 | €77,382 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €42,521, after a profit of €10,685 in 2024. It is the lowest result since 2006.
Debt's share of the balance-sheet total falls from 96.9% to 91.0%. Equity is higher and debt is lower.
Source: list of holdings in its own 2023 accounts. Every holding stands with its own latest accounts.
| Huyghe - Van Hemelrijk
registered office since 23-05-1996 · founded in 1996 |
total assets €341,992 (2025) 0457.488.523 |
| GLOBAL COLLECTION
registered office since 10-04-2014 · founded in 2014 |
total assets €243,938 (2026) 0550.526.072 |
The network starts from the directors of SCHELDEROUTE. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Baantje 30 registered office 9220 Hamme (Vl.) | 23-05-2002 | 2.101.792.238 |
| Hoogveld 12 9200 Dendermonde | 02-01-2021 | 2.315.799.873 |
| 21-06-2021 | Granted | Bouwen of herbouwen submitted 12-02-2021 · project 2021006777 | Dendermonde |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42021A1022/00A000 | 2,539 m² | 1 · 302 m² | 6.6 m · 2 |
| 42452B0682/00D003 | 1,516 m² | 1 · 603 m² | 14.4 m · 4 |
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