ACTIVE

DENY CARGO

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Financial year 2025 · closed on 31/12/2025

Net result

186,9 k €

+284.3% YoY

Revenue

12,7 M €

+14.4% YoY

Equity

1,8 M €

+11.8% YoY

Workforce

22,6 ETP

-0.9% YoY

What does DENY CARGO do?

DENY CARGO is a Private limited company incorporated in 1988. Its registered office is in Machelen (Brab.). It employs on average 22,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.835.063

Incorporation

15/07/1988

Legal form

Private limited company

Registered office

Bedrijvenzone Machelen-Cargo 751
1830 Machelen (Brab.) · FlandreSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Average workforce

22,6 ETP

Joint committees (2)

14003
2260

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	12,7 M €	+14.4%	11,1 M €	+3.2%	10,8 M €		–		–		–		–		–		–		–		–		–		–		–		5,4 M €
EBITDA	352,6 k €	+186%	123,5 k €	+265%	-74,8 k €	-106%	1,3 M €	+185%	451 k €	+221%	140,3 k €	+0.3%	139,9 k €	+13.7%	123 k €	-60.6%	312,6 k €	+33.1%	234,9 k €	+424%	44,8 k €	+124%	-189,7 k €	-21.5%	-156,1 k €	-213%	-49,9 k €	-135%	143,8 k €
Operating result	287,8 k €	+180%	102,7 k €	+211%	-92,7 k €	-107%	1,3 M €	+189%	440,3 k €	+585%	64,3 k €	-2.4%	65,9 k €	-33.7%	99,4 k €	-58.1%	237 k €	+76.6%	134,2 k €	+4483%	-3,1 k €	+98.7%	-236,7 k €	-35.4%	-174,8 k €	-95.7%	-89,3 k €	-201%	88,2 k €
Net result	186,9 k €	+284%	48,6 k €	+135%	-137,4 k €	-116%	868,2 k €	+237%	257,4 k €	+642%	34,7 k €	-25.6%	46,7 k €	-49.4%	92,2 k €	-57.6%	217,3 k €	+111%	102,9 k €	+338%	-43,3 k €	+83.5%	-261,9 k €	-36.3%	-192,1 k €	-60.2%	-119,9 k €	-283%	65,7 k €
Balance sheet
Equity	1,8 M €	+11.8%	1,6 M €	+3.2%	1,5 M €	-8.2%	1,7 M €	+28.1%	1,3 M €	+113%	616 k €	+6.0%	581,3 k €	+8.7%	534,7 k €	+20.8%	442,5 k €	+96.5%	225,1 k €	+84.2%	122,2 k €	-26.2%	165,5 k €	-61.3%	427,4 k €	-31.0%	619,5 k €	-16.2%	739,4 k €
Total assets	6,4 M €	+56.8%	4,1 M €	+3.3%	4 M €	-17.2%	4,8 M €	+2.8%	4,7 M €	+184%	1,6 M €	+8.4%	1,5 M €	+19.1%	1,3 M €	+11.8%	1,1 M €	-25.1%	1,5 M €	+0.5%	1,5 M €	+8.9%	1,4 M €	-16.1%	1,7 M €	+9.0%	1,5 M €	-4.7%	1,6 M €
Cash	966,4 k €	+91.2%	505,5 k €	-38.2%	817,3 k €	+359%	178 k €	-85.8%	1,3 M €	+227%	384,4 k €	+22.7%	313,3 k €	-18.9%	386,5 k €	+51.2%	255,6 k €	-38.7%	416,9 k €	+31.3%	317,4 k €	+58.1%	200,7 k €	-52.4%	421,4 k €	-3.5%	436,5 k €	+121%	197,1 k €
Debts	4,6 M €	+85.4%	2,5 M €	+3.3%	2,4 M €	-22.0%	3,1 M €	-7.1%	3,3 M €	+227%	1 M €	+10.7%	922,6 k €	+28.4%	718,7 k €	+7.4%	669,1 k €	-40.6%	1,1 M €	-15.3%	1,3 M €	+12.1%	1,2 M €	+51.2%	784,4 k €	-10.5%	876,8 k €	+6.4%	824,4 k €
Other
Workforce	22,6 ETP	-0.9%	22,8 ETP	-1.3%	23,1 ETP	+19.1%	19,4 ETP	+38.6%	14,0 ETP	+48.9%	9,4 ETP	+4.4%	9,0 ETP	-1.1%	9,1 ETP	+33.8%	6,8 ETP	-39.3%	11,2 ETP	-25.3%	15,0 ETP	+4.9%	14,3 ETP	+24.3%	11,5 ETP	-0.9%	11,6 ETP	-6.5%	12,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

GM's Management

Director · since 21 mai 2016 · 0508.501.813

Represented by Moortgat GRÉGORY

Active

Ended mandates

BV G.M.'s Management

Director · since 21 mai 2016

Ended

GM's Management

Director · since 21 mai 2016 · 0508.501.813

Represented by Moortgat GRÉGORY

Ended

GM's Management

Manager · since 21 mai 2016 · 0508.501.813

Represented by Moortgat Grégory

Ended

GM's Management

Manager · since 21 mai 2016 · 0508.501.813

Represented by Grégory Moortgat

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2026	06/06/2025	31/05/2024	08/06/2023	24/05/2022	10/03/2021
General meeting	22/06/2026	05/06/2025	31/05/2024	22/05/2023	23/05/2022	09/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	22/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	06/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	31/05/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	22/05/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2022	16/03/2023	21/03/2023	Dutch	PDF
Abridged model	31/12/2021	23/05/2022	24/05/2022	Dutch	PDF
Abridged model	31/12/2020	09/03/2021	10/03/2021	Dutch	PDF
Abridged model	31/12/2019	24/03/2020	24/03/2020	Dutch	PDF
Abridged model	31/12/2018	28/02/2019	28/02/2019	Dutch	PDF
Abridged model	31/12/2017	19/05/2018	24/05/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	22/05/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	22/05/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	24/05/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	18/05/2009	Dutch	PDF
Abridged model	31/12/2007	18/05/2008	19/05/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	21/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

GM's Management

Director · since 21 mai 2016 · 0508.501.813

Represented by Moortgat GRÉGORY

Active

Ended mandates

BV G.M.'s Management

Director · since 21 mai 2016

Ended

GM's Management

Director · since 21 mai 2016 · 0508.501.813

Represented by Moortgat GRÉGORY

Ended

GM's Management

Manager · since 21 mai 2016 · 0508.501.813

Represented by Moortgat Grégory

Ended

GM's Management

Manager · since 21 mai 2016 · 0508.501.813

Represented by Grégory Moortgat

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other10/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates15/05/2023
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates27/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/08/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2003
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025186,9 k €↑
2024
Annual accounts 202448,6 k €↑
2023
Annual accounts 2023-137,4 k €↓
2022
Annual accounts 2022868,2 k €↑
2021
Annual accounts 2021257,4 k €↑
2015
Annual accounts 201534,7 k €↓
2014
Annual accounts 201446,7 k €↓
2013
Annual accounts 201392,2 k €↓
2012
Annual accounts 2012217,3 k €↑
2011
Annual accounts 2011102,9 k €↑
2010
Annual accounts 2010-43,3 k €↑
2009
Annual accounts 2009-261,9 k €↓
2008
Annual accounts 2008-192,1 k €↓
2007
Annual accounts 2007-119,9 k €↓
2006
Annual accounts 200665,7 k €
15/07/1988
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DENY CARGO

Overview

What does DENY CARGO do?

Trend over 15 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline