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V-SHIPPING

Active
Public limited companyfounded 2007active for 19 yearsBredabaan 99, 2170 Antwerpen, BelgiumKBO/BCE: BE 0886.577.129
Summary

V-SHIPPING has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €755,981 and a net result of €200,671. Equity has been shrinking by about 6% per year since 2019. Its solvency ranks better than 55% of 142 sector peers (NACE 50, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 19-01-2007 Normal situation
Activity
Inland freight water transport NACE 50400and 1 other
Joint committees
139 Paritair Comité voor de binnenscheepvaart
226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek · annual accounts 30-09-2024
Establishment unit
2.159.069.748 2170 Antwerpen, since 19-01-2007
Financial year end
30 September
Peppol
Reachable since 29-07-2025

Board and ownership

Board
  • Maes MirandaDirector · since 09-01-2007
  • Verstraeten RoaldDirector · since 09-01-2007

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€446,711
▲ 361%
Turnover
≈ €890,000
estimated
Profit
€200,671
Equity
€755,981
▲ 36.1%
Total assets
€1.4m
▲ 34.8%
Employees on 30-09-2025
2
▲ 100%
Score breakdownraises riskLiquidity: current ratio 2.65, cash €26,171, halved1 of the last 3 accounts latelowers riskSize: total assets €1.4mLegal form: public limited companyShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in water transport (NACE 50)
Financial strength · tick: 2024
Strong
Solvency 80+1
equity 54.8% of total assets
Liquidity 42-14
short-term debt 27.3% · cash 1.9%
Profitability 87+77
return on assets 14.5%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (261 companies, NACE 50, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026highest value 06-2026: 0.1%▼ -0.2 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.65 (3.31 in 2024), above the usual 1.5. Short-term debt is 27.3% and cash 1.9% of total assets. 45.2% 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 50, micro). It does better than 61% of them on solvency, 30% on liquidity, 78% on profitability and 84% on growth.

The bankruptcy probability was computed on 03-11-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 2.65, cash €26,171, halved
NBB · annual accounts
lowers risk · Size: total assets €1.4m
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 of the last 3 accounts late
NBB · filings
lowers risk · Legal form: public limited company
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €755,981
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
26 days early
2023
31 days late
2022
24 days late
2021
24 days late
2020
81 days late
2019
44 days early
← 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 13 days after the deadline. In the sector (NACE 50), the median for financial year 2024 was 3 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 May (4 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
30-09-2026 year end03-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Fewer staff in 2025from 5.2 FTE to 1.1 FTE ▼ 78.8% View
  • Positive: Higher net result than 93% of companies in water transportsector median €6,652 · 143 companies €200,671 View

Recent changes

  1. · Gazette deed General meeting · Incorporation
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as V-SHIPPING: inland freight water transport (NACE 50400). They are comparable in size and age: total assets between €743,000 and €2.7m, founded between 2002 and 2008.

CompanyTotal assetsGross margin
V-SHIPPING Antwerpen€1.4m€0.4m
PHELLA-SHIPPING Zoersel€1.5m€0.5m
PAVA SHIPPING Schoten€1.2m€0.4m
VEERDIENSTEN RONNY Puurs-Sint-Amands€1.2m€0.6m
G3-SHIPPING Kapellen€2.1m€0.4m
ISWATRA Brasschaat€0.7m€0.4m
GLAMONA Antwerpen€2.7m€0.5m
Full comparison

Key facts about V-SHIPPING

What is the company number of V-SHIPPING?
The company number of V-SHIPPING is 0886.577.129. The VAT number is the same number with BE in front: BE 0886.577.129.
Where is V-SHIPPING based?
The registered office is at Bredabaan 99, 2170 Antwerpen.Company details
What does V-SHIPPING do?
According to the KBO register, the main activity is inland freight water transport (NACE 50400).
What is the legal form of V-SHIPPING?
The legal form of V-SHIPPING is Public limited company (NV).
When was V-SHIPPING founded?
V-SHIPPING was founded on 19-01-2007.
Is V-SHIPPING still active?
Yes, V-SHIPPING is an active enterprise in the KBO register.
How many employees does V-SHIPPING have?
V-SHIPPING had an average of 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does V-SHIPPING fall under?
In its 30-09-2024 annual accounts, V-SHIPPING states joint committees 139 (Paritair Comité voor de binnenscheepvaart) and 226 (Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek).
What is the turnover of V-SHIPPING?
The turnover in financial year 2025 is ≈ €890,000. This figure is estimated from the gross margin of €446,711 and 882 comparable companies of the same size. It probably lies between €620,000 and €1.3m. It is a rough estimate.
Is V-SHIPPING profitable?
In financial year 2025, V-SHIPPING made a profit of €200,671.
Where can I find the annual accounts of V-SHIPPING?
V-SHIPPING filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of V-SHIPPING due?
V-SHIPPING must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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