VLS CARGO
ActiveSummary
The computed 12-month bankruptcy probability of VLS CARGO is 2.1% (moderate). The 2025 annual accounts show equity of €6,883 and a net result of €13,491. Equity is shrinking by ~35% per year across the filed fiscal years. Its solvency ranks better than 27% of 976 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+30
Solvency41▼-59
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
2 d early
2023
2 d early
2022
49 d early
2021
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€111,195
EBIT margin
81.6%
Net result
€13,491▲ 151%
2024 · €5,383
Working capital
€2,532▼ 93.2%
2024 · €37,107
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€111,195-
Operating result€90,728-€30,957▼ 65.9%€27,597▼ 10.9%€11,425▼ 58.6%€22,312▲ 95.3%
Net result€66,698above the sector's middle half-€22,526within the sector's middle half▼ 66.2%€20,081within the sector's middle half▼ 10.9%€5,383within the sector's middle half▼ 73.2%€13,491within the sector's middle half▲ 151%
EBIT margin81.6%-
Equity€63,198within the sector's middle half-€80,724within the sector's middle half▲ 27.7%€100,005below the sector's middle half▲ 23.9%€43,730within the sector's middle half▼ 56.3%€6,883below the sector's middle half▼ 84.3%
Total assets€93,738within the sector's middle half-€89,631within the sector's middle half▼ 4.4%€102,974below the sector's middle half▲ 14.9%€48,743below the sector's middle half▼ 52.7%€42,927below the sector's middle half▼ 11.9%
Debt€30,540-€8,907▼ 70.8%€2,969▼ 66.7%€5,013▲ 68.8%€36,044▲ 619%
Working capital€61,816within the sector's middle half-€78,129within the sector's middle half▲ 26.4%€94,116within the sector's middle half▲ 20.5%€37,107within the sector's middle half▼ 60.6%€2,532within the sector's middle half▼ 93.2%
Solvency67.4%within the sector's middle half-90.1%above the sector's middle half▲ 22.6pp97.1%above the sector's middle half▲ 7.1pp89.7%above the sector's middle half▼ 7.4pp16.0%within the sector's middle half▼ 73.7pp
Current ratio3.02within the sector's middle half-9.77above the sector's middle half▲ 6.7532.70above the sector's middle half▲ 22.928.56above the sector's middle half▼ 24.141.07within the sector's middle half▼ 7.49
Return on assets (ROA)71.2%above the sector's middle half-25.1%above the sector's middle half▼ 46.0pp19.5%above the sector's middle half▼ 5.6pp11.0%within the sector's middle half▼ 8.5pp31.4%above the sector's middle half▲ 20.4pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 95% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,927
Fixed assets
€4,351 ▼ 35.3%
Current assets
€38,576 ▼ 8.2%
Equity and liabilities €42,927
Equity
€6,883 ▼ 84.3%
Debt
€36,044 ▲ 619%
Debt's share of the balance-sheet total rises from 10.3% to 84.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,689▲
2024 · €13,763
Cash flow
€15,868▲
2024 · €7,720
Debt to equity
5.24▲
2024 · 0.11
ROE
196.0%▲
2024 · 12.3%
Interest coverage
6.11▲
2024 · 4.47
Debt ≤ 1 year
€36,044▲
2024 · €4,908
Income taxes
€4,800▲
2024 · €3,140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €111,195 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €835 | €940 | €1,952 | €2,337 | €2,377 | ▲ 1.7% |
| Other operating charges640/8 | - | €950 | €815 | €520 | €570 | ▲ 9.6% |
| Gross operating margin9900 | €93,645 | €32,847 | €30,364 | €14,283 | €25,260 | ▲ 76.9% |
| Operating profit (loss)9901 | €90,728 | €30,957 | €27,597 | €11,425 | €22,312 | ▲ 95.3% |
| Financial income75/76B | - | €148 | €204 | €176 | €22 | ▼ 87.5% |
| Recurring financial income75 | €31 | €148 | €204 | €176 | €22 | ▼ 87.5% |
| Financial charges65/66B | - | €1,373 | €1,281 | €3,079 | €4,044 | ▲ 31.3% |
| Recurring financial charges65 | €991 | €1,373 | €1,281 | €3,079 | €4,044 | ▲ 31.3% |
| Profit (loss) for the period before taxes9903 | €89,768 | €29,731 | €26,520 | €8,523 | €18,291 | ▲ 115% |
| Income taxes67/77 | €23,070 | €7,205 | €6,439 | €3,140 | €4,800 | ▲ 52.9% |
| Profit (loss) for the period9904 | €66,698 | €22,526 | €20,081 | €5,383 | €13,491 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €66,698 | €22,526 | €20,081 | €5,383 | €13,491 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93,738 | €89,631 | €102,974 | €48,743 | €42,927 | ▼ 11.9% |
| Fixed assets21/28 | €1,381 | €2,595 | €5,889 | €6,728 | €4,351 | ▼ 35.3% |
| Tangible fixed assets22/27 | €1,381 | €2,595 | €5,889 | €6,728 | €4,351 | ▼ 35.3% |
| Plant, machinery and equipment23 | - | €202 | €2,482 | €4,662 | €3,453 | ▼ 25.9% |
| Furniture and vehicles24 | - | €2,394 | €3,407 | €2,066 | €898 | ▼ 56.5% |
| Current assets29/58 | €92,357 | €87,036 | €97,085 | €42,015 | €38,576 | ▼ 8.2% |
| Amounts receivable within one year40/41 | €11,923 | €9,809 | €14,146 | €10,229 | €11,071 | ▲ 8.2% |
| Trade receivables40 | - | €6,562 | €5,259 | €3,369 | €6,588 | ▲ 95.6% |
| Other amounts receivable41 | - | €3,247 | €8,888 | €6,860 | €4,483 | ▼ 34.7% |
| Cash at bank and in hand54/58 | €80,433 | €75,457 | €82,082 | €31,678 | €27,460 | ▼ 13.3% |
| Deferred charges and accrued income490/1 | - | €1,770 | €857 | €108 | €44 | ▼ 59.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93,738 | €89,631 | €102,974 | €48,743 | €42,927 | ▼ 11.9% |
| Equity10/15 | €63,198 | €80,724 | €100,005 | €43,730 | €6,883 | ▼ 84.3% |
| Contributions10/11 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | - | - | - | €5,383 | €5,383 | = |
| Distributable reserves133 | - | - | - | €5,383 | €5,383 | = |
| Profit (loss) carried forward14 | €61,698 | €79,224 | €98,505 | €36,847 | - | - |
| Amounts payable17/49 | €30,540 | €8,907 | €2,969 | €5,013 | €36,044 | ▲ 619% |
| Amounts payable within one year42/48 | €30,540 | €8,907 | €2,969 | €4,908 | €36,044 | ▲ 634% |
| Trade debts44 | - | - | - | €60 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €60 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €5,407 | €2,169 | €4,035 | €2,617 | ▼ 35.1% |
| Taxes450/3 | - | €5,407 | €2,169 | €2,083 | €2,617 | ▲ 25.6% |
| Remuneration and social security454/9 | - | - | - | €1,952 | - | - |
| Other amounts payable47/48 | - | €3,500 | €800 | €813 | €33,427 | ▲ 4,010% |
| Accrued charges and deferred income492/3 | - | - | - | €105 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,698 | €22,526 | €20,081 | €5,383 | €13,491 | ▲ 151% |
| + Depreciation and write-downs630 | €835 | €940 | €1,952 | €2,337 | €2,377 | ▲ 1.7% |
| Operating cash flow (approximation) | €67,533 | €23,466 | €22,033 | €7,720 | €15,868 | ▲ 106% |
| Investment in fixed assets (approximation) | - | -€2,154 | -€5,246 | -€3,177 | €0 | ▲ 100% |
| Change in cash | - | -€4,977 | €6,625 | -€50,404 | -€4,218 | ▲ 91.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €5,383 ▼73.2%
Net result drops to €5,383, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Liquidity triplescurrent ratio 32.70
Current ratio from 9.77 to 32.70; short-term debt falls from €8,907 to €2,969.
30-06
Financial
Equity above €100,000Eq €100,005 ▲23.9%
3 profitable years in a row build equity to €100,005.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 9.77
Current ratio from 3.02 to 9.77; short-term debt falls from €30,540 to €8,907.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Stabroek · 1 establishment unit since 2020
Ground area
215 m²
Building footprint
78 m²
Parcel 11020I0335/00S002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VLS CARGO
since 20202.301.893.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11020I0335/00S002 | Flanders | 215 m² | 1 · 78 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 355 companies in sector 52249 we hold annual accounts for 266. 50 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-03-2020
Fiscal year end30-06
Activities, NACEBEL 2025
52249Warehousing and support activities for transportation
43350Other building finishing work
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744962572
Also
9925:BE0744962572
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.