simple Cargo
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
simple Cargo has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€26,586) and a net result of -€36,586. Its solvency ranks better than 13% of 38 sector peers (NACE 51, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485553.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 28-08-2026
- Format
- abbreviated format
- Reference
- 2026-00485553
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Companies with the same profile, two years later
Historical observationIn July 2024, 1,555 companies had the same profile as simple Cargo has now. Two years later, 4.6% had gone bankrupt and 91.6% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of simple Cargo itself is lower: 0.8% within 12 months. It rests on far more data about simple Cargo than the profile alone.
Test of the method
The method was tested on the 497,445 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 1,555 companies, not a prediction for simple Cargo. 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €54,672 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €92,211 |
| Other operating charges640/8 | €422 |
| Gross operating margin9900 | €110,856 |
| Operating profit (loss)9901 | -€36,449 |
| Financial charges65/66B | €137 |
| Recurring financial charges65 | €137 |
| Profit (loss) for the period before taxes9903 | -€36,586 |
| Profit (loss) for the period9904 | -€36,586 |
| Profit (loss) for the period to be appropriated9905 | -€36,586 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €707,562 | |
| Current assets29/58 | €707,562 | |
| Amounts receivable within one year40/41 | €246,212 | |
| Trade receivables40 | €244,882 | |
| Other amounts receivable41 | €1,331 | |
| Cash at bank and in hand54/58 | €461,350 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €707,562 | |
| Equity10/15 | -€26,586 | |
| Contributions10/11 | €10,000 | |
| Profit (loss) carried forward14 | -€36,586 | |
| Amounts payable17/49 | €734,148 | |
| Amounts payable after more than one year17 | €680,000 | |
| Financial debts170/4 | €680,000 | |
| Amounts payable within one year42/48 | €54,148 | |
| Trade debts44 | €44,895 | |
| Suppliers440/4 | €44,895 | |
| Advances received on contracts in progress46 | €6,795 | |
| Other amounts payable47/48 | €2,458 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€36,586 |
| Operating cash flow (approximation) | -€36,586 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00485553 | NBB |
Comparable companies
These companies have the same main activity as simple Cargo: air transport (NACE 51210). They are comparable in size and age: total assets between €308,000 and €2.7m, founded between 2020 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| simple Cargo Zaventem | 2024 | €0.7m | -€0.03m | €0.1m | -€0.04m | 1 | 2025 |
| RICH SALE EUROPE Grâce-Hollogne | 2023 | €1.5m | €0.09m | €0.3m | €0.005m | - | 2025 |
| ASL Liege Grâce-Hollogne | 2021 | €2.7m | €0.03m | €0.07m | €0.03m | 2.3 | 2025 |
| Top Global Grâce-Hollogne | 2023 | €0.3m | €0.02m | €0.4m | €0.08m | - | 2025 |
| Malenstein Air Belgium Brussel | 2020 | €0.8m | €0.1m | €0.4m | €0.05m | 4 | 2024 |
| MEGACAP AVIATION SERVICE Brussel | 2020 | €0.4m | €0.1m | €0.3m | -€0.03m | - | 2025 |
| SKY CARGO EUROPE Antwerpen | 2020 | €0.3m | €0.05m | €0.1m | €0.07m | - | 2025 |
They were chosen from the 39 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.