SHIPIT MULTIMODAL LOGISTICS
ActiveSHIPIT MULTIMODAL LOGISTICS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.34M and a net result of €108k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 45% of 53 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+3
Solvency79▼-8
Growth80▲+1
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €390k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.73 in 2024), but 57.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Sector 50
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.7%
Return on assets
1.1%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 d early
2024
21 d early
2023
55 d early
2022
17 d early
2021
18 d early
2020
51 d early
2019
57 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€21.22M▲ 20.6%
2024 · €17.59M
2018: €7.87M
2019: €9.12M
2020: €6.74M
2021: €7.68M
2022: €11.40M
2023: €14.79M
2024: €17.59M
2018 → 2025
EBIT margin
0.7%▲ 0.1pp
2024 · 0.6%
2018: -0.1%
2019: -3.1%
2020: 0.9%
2021: 2.9%
2022: 0.5%
2023: 0.7%
2024: 0.6%
2018 → 2025
Net result
€108k▲ 76.5%
2024 · €61k
2018: €18k
2019: €-280k
2020: €56k
2021: €243k
2022: €284k
2023: €76k
2024: €61k
2018 → 2025
Working capital
€2.92M▲ 4.9%
2024 · €2.78M
2018: €3.65M
2019: €3.17M
2020: €2.58M
2021: €2.65M
2022: €2.64M
2023: €3.12M
2024: €2.78M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€7.68M-€11.40M▲ 48.5%€14.79M▲ 29.7%€17.59M▲ 19.0%€21.22M▲ 20.6%
Equity€3.81M-€4.09M▲ 7.4%€4.17M▲ 1.8%€4.23M▲ 1.5%€4.34M▲ 2.6%
Operating result€226k-€54k▼ 76.1%€106k▲ 95.4%€111k▲ 5.4%€146k▲ 31.4%
Net result€243k-€284k▲ 16.8%€76k▼ 73.3%€61k▼ 18.9%€108k▲ 76.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.15M
Fixed assets
€2.56M▲ 15.5%
Current assets
€7.59M▲ 14.8%
Equity and liabilities €10.15M
Equity
€4.34M▲ 2.6%
Debt
€5.81M▲ 26.4%
The debt ratio rises from 52.1% to 57.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€551k▲
2024 · €412k
Cash flow
€513k▲
2024 · €362k
Solvency
42.7%▼
2024 · 47.9%
Current ratio
1.62▼
2024 · 1.73
Quick ratio
1.61▼
2024 · 1.71
Debt / equity
1.34▲
2024 · 1.09
ROE
2.5%▲
2024 · 1.5%
ROA
1.1%▲
2024 · 0.7%
Interest coverage
8.69▼
2024 · 8.89
Debt
€5.81M▲
2024 · €4.60M
Debt ≤ 1 year
€4.67M▲
2024 · €3.83M
Debt > 1 year
€637k▲
2024 · €504k
Income taxes
€58k▲
2024 · €51k
Staff costs
€493k▼
2024 · €894k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.83M€10.15M▲
Fixed assets21/28€2.22M€2.56M▲
Intangible fixed assets21€42k€52k▲
Tangible fixed assets22/27€2.17M€2.51M▲
Plant, machinery and equipment23€540k€840k▲
Furniture and vehicles24€48k€39k▼
Other tangible fixed assets26€1.41M€1.52M▲
Assets under construction and advance payments27€176k€108k▼
Financial fixed assets28€200€200=
Other financial fixed assets284/8€200€200=
Amounts receivable and cash guarantees285/8€200€200=
Current assets29/58€6.61M€7.59M▲
Amounts receivable after more than one year29€978k€2.41M▲
Other amounts receivable291€978k€2.41M▲
Stocks and contracts in progress3€74k€83k▲
Stocks30/36€74k€83k▲
Raw materials and consumables30/31€74k€83k▲
Amounts receivable within one year40/41€4.54M€4.18M▼
Trade receivables40€3.42M€3.90M▲
Other amounts receivable41€1.12M€285k▼
Cash at bank and in hand54/58€875k€505k▼
Deferred charges and accrued income490/1€145k€411k▲
Equity and liabilities
Total equity and liabilities10/49€8.83M€10.15M▲
Equity10/15€4.23M€4.34M▲
Contributions10/11€3.77M€3.77M=
Capital10€3.77M€3.77M=
Issued capital100€3.77M€3.77M=
Reserves13€26k€33k▲
Non-distributable reserves130/1€26k€33k▲
Legal reserve130€26k€33k▲
Profit (loss) carried forward14€431k€533k▲
Amounts payable17/49€4.60M€5.81M▲
Amounts payable after more than one year17€504k€637k▲
Financial debts170/4€504k€637k▲
Credit institutions173€504k€637k▲
Amounts payable within one year42/48€3.83M€4.67M▲
Current portion of amounts payable after more than one year42€100k€173k▲
Financial debts43€1.51M€1.52M▲
Credit institutions430/8€1.51M€1.52M▲
Trade debts44€1.90M€2.83M▲
Suppliers440/4€1.90M€2.83M▲
Taxes, remuneration and social security45€298k€137k▼
Taxes450/3€197k€80k▼
Remuneration and social security454/9€101k€57k▼
Other amounts payable47/48€16k€16k=
Accrued charges and deferred income492/3€263k€501k▲
Income statement
Code20242025
Operating income70/76A€18.16M€21.41M▲
Turnover70€17.59M€21.22M▲
Other operating income74€567k€188k▼
Operating charges60/66A€18.05M€21.26M▲
Goods for resale, raw materials and consumables60€14.30M€17.25M▲
Purchases600/8€14.30M€17.26M▲
Change in stocks: decrease (increase)609€4k€-9k▼
Services and other goods61€2.53M€3.09M▲
Remuneration, social security and pensions62€894k€493k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€301k€405k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€381
Other operating charges640/8€24k€27k▲
Non-recurring operating charges66A-€71
Operating profit (loss)9901€111k€146k▲
Financial income75/76B€58k€93k▲
Recurring financial income75€58k€93k▲
Income from current assets751€58k€93k▲
Financial charges65/66B€56k€74k▲
Recurring financial charges65€56k€74k▲
Debt charges650€46k€63k▲
Other financial charges652/9€10k€10k▲
Profit (loss) for the period before taxes9903€113k€166k▲
Income taxes67/77€51k€58k▲
Taxes670/3€51k€58k▲
Profit (loss) for the period9904€61k€108k▲
Profit (loss) for the period to be appropriated9905€61k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€435k€540k▲
Profit (loss) brought forward from the previous period14P€374k€431k▲
Transfer to equity691/2€4k€7k▲
To the legal reserve6920€4k€7k▲
Social balance
Average headcount (FTE)908710.45.5▼
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €284k ▲16.8%
Net result €284k, the highest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-280k ▼1625%
Net result drops to €-280k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 3 establishment units since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beatrijslaan 292050 AntwerpenGround area
2.5 ha
Building footprint
347 m²
Volume, LiDAR
1,491 m³
3 parcels, Brussels, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
SHIPIT MULTIMODAL LOGISTICS
since 20182.272.133.047
Shipit Multimodal Logistics - Vergotedok
since 20182.275.689.086
SHIPIT MULTIMODAL LOGISTICS
since 20222.331.436.867
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0460/03D000 | Flanders | 1.9 ha | 1 · 145 m² | 1.2 m |
| 11813N0770/00S002 | Flanders | 5,545 m² | 1 · 202 m² | 9.0 m · 3 fl. |
| 21814P0421/00S005 | Brussels | 1,211 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 231,695 EUR awarded · 78,542 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 259 EUR | 259 EUR |
| 2024 | 3 | 121,174 EUR | 680 EUR |
| 2023 | 2 | 215 EUR | 10,533 EUR |
| 2022 | 2 | 110,047 EUR | 67,070 EUR |
Schemes
Ecologiepremie+
Ontwikkelingsproject
Innovatieprojecten in de context van een speerpuntcluster
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.272.133.047
Legal Entity Identifier
699400VLWSGKUFBT3T50
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Of 3,775 companies in sector 50200 we hold annual accounts for 2,173. 928 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-2017
Fiscal year end31-12
Activities, NACEBEL
50200Water transport
50400Inland freight water transport
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.