Zuidnatie
ActiveZuidnatie has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.39M and a net result of €2.64M. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 46% of 649 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
97
/ 100
Excellent▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+39
Solvency64▲+13
Growth55▲+1
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.2M at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.28 in 2024), and 66% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
Sector 52
higher
← 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
34%
Return on assets
7.2%
Age of the figures
8 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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
22 d early
2022
20 d early
2021
20 d early
2020
29 d early
2019
46 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€48.63M▲ 12.0%
2024 · €43.43M
2019: €30.84M
2020: €28.71M
2021: €32.23M
2022: €45.25M
2023: €45.82M
2024: €43.43M
2019 → 2025
EBIT margin
7.9%▲ 5.8pp
2024 · 2.1%
2019: 14.5%
2020: 2.0%
2021: 0.8%
2022: 1.0%
2023: 2.2%
2024: 2.1%
2019 → 2025
Net result
€2.64M▲ 256%
2024 · €741k
2019: €3.26M
2020: €208k
2021: €-6k
2022: €478k
2023: €752k
2024: €741k
2019 → 2025
Working capital
€4.96M▲ 34.3%
2024 · €3.69M
2019: €3.47M
2020: €3.74M
2021: €3.01M
2022: €3.74M
2023: €5.08M
2024: €3.69M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€32.23M-€45.25M▲ 40.4%€45.82M▲ 1.3%€43.43M▼ 5.2%€48.63M▲ 12.0%
Equity€8.88M-€8.96M▲ 0.9%€9.71M▲ 8.4%€9.95M▲ 2.5%€12.39M▲ 24.4%
Operating result€271k-€474k▲ 74.7%€1.03M▲ 117%€918k▼ 10.5%€3.85M▲ 319%
Net result€-6k-€478k€752k▲ 57.1%€741k▼ 1.4%€2.64M▲ 256%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 319% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.43M
Fixed assets
€19.46M▲ 8.0%
Current assets
€16.97M▲ 0.2%
Equity and liabilities €36.43M
Equity
€12.39M▲ 24.4%
Provisions
€1.37M▲ 55.8%
Debt
€22.68M▼ 6.0%
The debt ratio falls from 69.0% to 62.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€5.87M▲
2024 · €2.25M
Cash flow
€4.67M▲
2024 · €2.07M
Solvency
34.0%▲
2024 · 28.5%
Current ratio
1.41▲
2024 · 1.28
Quick ratio
1.41▲
2024 · 1.28
Debt / equity
1.83▼
2024 · 2.42
ROE
21.3%▲
2024 · 7.4%
ROA
7.2%▲
2024 · 2.1%
Interest coverage
21.86▼
2024 · 58.60
Debt
€22.68M▼
2024 · €24.12M
Debt ≤ 1 year
€12.01M▼
2024 · €13.24M
Debt > 1 year
€8.64M▲
2024 · €8.61M
Income taxes
€591k▲
2024 · €295k
Staff costs
€3.02M▼
2024 · €3.06M
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€34.95M€36.43M▲
Fixed assets21/28€18.02M€19.46M▲
Intangible fixed assets21€71k€68k▼
Tangible fixed assets22/27€16.94M€18.39M▲
Land and buildings22€10.89M€11.81M▲
Plant, machinery and equipment23€5.70M€6.02M▲
Furniture and vehicles24€353k€553k▲
Financial fixed assets28€1.01M€1.01M=
Affiliated companies280/1€446k€446k=
Participating interests280€446k€446k=
Other financial fixed assets284/8€563k€563k=
Shares284€380€380=
Amounts receivable and cash guarantees285/8€562k€562k=
Current assets29/58€16.94M€16.97M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€12.11M€13.93M▲
Trade receivables40€11.62M€13.23M▲
Other amounts receivable41€493k€704k▲
Current investments50/53€0-
Other investments51/53€0-
Cash at bank and in hand54/58€4.27M€2.02M▼
Deferred charges and accrued income490/1€550k€1.03M▲
Equity and liabilities
Total equity and liabilities10/49€34.95M€36.43M▲
Equity10/15€9.95M€12.39M▲
Contributions10/11€914k€914k=
Capital10€914k€914k=
Issued capital100€964k€964k=
Uncalled capital101€50k€50k=
Revaluation surpluses12€3k€3k=
Reserves13€4.00M€11.40M▲
Non-distributable reserves130/1€96k€96k=
Legal reserve130€96k€96k=
Tax-exempt reserves132€2.26M€3.40M▲
Distributable reserves133€1.65M€7.90M▲
Profit (loss) carried forward14€5.03M€28k▼
Investment grants15-€44k
Provisions and deferred taxes16€878k€1.37M▲
Provisions for liabilities and charges160/5€206k€300k▲
Pensions and similar obligations160€86k€229k▲
Other liabilities and charges164/5€120k€70k▼
Deferred taxes168€673k€1.07M▲
Amounts payable17/49€24.12M€22.68M▼
Amounts payable after more than one year17€8.61M€8.64M▲
Financial debts170/4€8.61M€8.64M▲
Credit institutions173€8.61M€8.64M▲
Amounts payable within one year42/48€13.24M€12.01M▼
Current portion of amounts payable after more than one year42€1.05M€1.25M▲
Trade debts44€6.15M€5.05M▼
Suppliers440/4€6.15M€5.05M▼
Taxes, remuneration and social security45€5.54M€5.45M▼
Taxes450/3€426k€427k▲
Remuneration and social security454/9€5.12M€5.02M▼
Other amounts payable47/48€505k€255k▼
Accrued charges and deferred income492/3€2.27M€2.03M▼
Income statement
Code20242025
Operating income70/76A€68.79M€74.67M▲
Turnover70€43.43M€48.63M▲
Other operating income74€25.32M€24.12M▼
Non-recurring operating income76A€35k€1.92M▲
Operating charges60/66A€67.87M€70.82M▲
Goods for resale, raw materials and consumables60€15.21M€18.58M▲
Purchases600/8€15.21M€18.58M▲
Services and other goods61€48.17M€46.55M▼
Remuneration, social security and pensions62€3.06M€3.02M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.33M€2.03M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-381k€94k▲
Other operating charges640/8€486k€548k▲
Non-recurring operating charges66A-€5k
Operating profit (loss)9901€918k€3.85M▲
Financial income75/76B€109k€84k▼
Recurring financial income75€109k€84k▼
Income from current assets751€94k€30k▼
Other financial income752/9€15k€55k▲
Non-recurring financial income76B€0-
Financial charges65/66B€51k€322k▲
Recurring financial charges65€51k€322k▲
Debt charges650€38k€269k▲
Other financial charges652/9€12k€53k▲
Profit (loss) for the period before taxes9903€977k€3.61M▲
Transfer from deferred taxes780€69k€94k▲
Transfer to deferred taxes680€9k€475k▲
Income taxes67/77€295k€591k▲
Taxes670/3€405k€593k▲
Tax adjustments and reversals of tax provisions77€109k€2k▼
Profit (loss) for the period9904€741k€2.64M▲
Transfer from tax-exempt reserves789€206k€281k▲
Transfer to tax-exempt reserves689€26k€1.43M▲
Profit (loss) for the period to be appropriated9905€920k€1.50M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.53M€6.53M▲
Profit (loss) brought forward from the previous period14P€4.61M€5.03M▲
Transfer to equity691/2-€6.25M
To other reserves6921-€6.25M
Profit to be distributed694/7€500k€250k▼
Return on contributions (dividend)694€500k€250k▼
Social balance
Average headcount (FTE)908738.337.5▼
The notes to these accounts (89 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €10MEq €12.39M ▲24.4%
4 profitable years in a row build equity to €12.39M.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €478k
Net result €478k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-6k ▼103%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-11
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-12-2019
STEVAL CONSULT: Resigned as Director
13-12-2019
ZUIDNATIE HOLDING: Resigned as Director
21-04-2017
Stéphanie Feys: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 3 establishment units since 2004
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.
Antwerpsebaan 12040 AntwerpenGround area
21.2 ha
Building footprint
2.2 ha
Volume, LiDAR
103,524 m³
3 parcels, Flanders · tallest building 24.1 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
Narvikstraat 3, 2030 Antwerpen
since 20042.184.783.062
Muisbroeklaan 468-484, 2030 Antwerpen
since 20082.233.432.522
Antwerpsebaan 1, 2040 Antwerpen
since 20182.280.219.085
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11818B0320/00A000 | Flanders | 11.3 ha | 1 · 809 m² | 14.2 m · 4 fl. |
| 11807G1492/00H006 | Flanders | 5.4 ha | 1 · 6,395 m² | 14.4 m · 4 fl. |
| 11816C0371/00R000 | Flanders | 4.5 ha | 1 · 1.5 ha | 24.1 m |
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.
Structure & network
Connections & network
5 connected companiesNetwork connections
Shared address
→
Shared address
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Shared address
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Shared address
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Show 1 more network connections
Shared address
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Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,399 EUR awarded · 3,399 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,399 EUR | 3,399 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.184.783.062
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
Mexico Natie
BE 0404.784.958
Antwerpen · Eq €11.78M
ZUIDNATIE BREAKBULK
BE 0894.302.584
Antwerpen · Eq €11.02M
TOTSEANERGY
BE 0666.601.816
Gent · Eq €16.96M
ECU WORLDWIDE (BELGIUM)
BE 0432.713.931
Antwerpen · Eq €9.01M
ASSOCIATED TERMINAL OPERATORS
BE 0882.650.114
Antwerpen · Eq €8.84M
Of 273 companies in sector 52241 we hold annual accounts for 211. 73 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1954
Fiscal year end31-12
Activities, NACEBEL
52241Warehousing and support activities for transportation
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
49410Freight transport by road
52100Warehousing and storage
52249Warehousing and support activities for transportation
52250Logistics services
52290Warehousing and support activities for transportation
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.zuidnatie.be
Phone:03/205.97.00