Tropics Cargo
0442.928.031 · rovalta.com · 24/09/2026
ACTIVE
Tropics Cargo
Financial year 2025 · closed on 31/12/2025
Net result
55,9 k €
+129.0% YoY
Gross margin
1,1 M €
+229.1% YoY
Equity
237 k €
+30.8% YoY
Workforce
6,7 ETP
+48.9% YoY
Overview
What does Tropics Cargo do?
Tropics Cargo is a Private limited company incorporated in 1991. Its registered office is in Kortemark. It employs on average 6,7 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0442.928.031
Incorporation
15/02/1991
Legal form
Private limited company
Registered office
Edewallestraat 68 box B
8610 Kortemark · FlandreSee on map
8610 Kortemark · FlandreSee on map
Contributed capital
185 920,14 €
Latest accounts
31/12/2025
Average workforce
6,7 ETP
Joint committees (2)
- 14003
- 226
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 1,1 M € | +229% | 321,6 k € | -57.0% | 747,9 k € | +40.4% | 532,6 k € | -24.2% | 702,5 k € | +14.8% | 612,1 k € | -20.7% | 772 k € | +3.8% | 743,7 k € | – | – | – | – | – | – | – | – | 201,9 k € | -37.1% | 320,7 k € | +0.6% | 318,7 k € | |||||||||
| EBITDA | 360,1 k € | +1007% | -39,7 k € | -108% | 493,6 k € | +387% | 101,4 k € | -39.9% | 168,7 k € | +26.7% | 133,2 k € | -22.7% | 172,3 k € | +30.2% | 132,3 k € | -37.9% | 213,2 k € | +9.4% | 194,8 k € | +12.0% | 174 k € | -13.1% | 200,2 k € | +15.8% | 173 k € | +20.6% | 143,5 k € | +466% | 25,3 k € | -81.9% | 139,8 k € | +2277% | 5,9 k € | -94.5% | 106,6 k € | -38.4% | 173,1 k € |
| Operating result | 91,5 k € | +151% | -180,4 k € | -150% | 362,3 k € | +713% | -59,1 k € | -1175% | 5,5 k € | +94.6% | 2,8 k € | -91.5% | 33,2 k € | +254% | -21,6 k € | -136% | 60,2 k € | +115% | 27,9 k € | +319% | -12,8 k € | -197% | 13,2 k € | +511% | 2,2 k € | -96.3% | 59,1 k € | +172% | -82,4 k € | -235% | 61,2 k € | +241% | -43,4 k € | -189% | 48,6 k € | -63.2% | 132 k € |
| Net result | 55,9 k € | +129% | -192,8 k € | -172% | 269,4 k € | +549% | -59,9 k € | -737% | -7,2 k € | +42.3% | -12,4 k € | -1085% | -1 k € | +97.4% | -40,5 k € | -195% | 42,4 k € | +144% | 17,4 k € | +183% | -21,1 k € | -478% | 5,6 k € | -26.2% | 7,5 k € | -77.2% | 33,1 k € | +194% | -35,3 k € | -169% | 51,3 k € | +206% | -48,6 k € | -321% | 22 k € | -82.5% | 125,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 237 k € | +30.8% | 181,1 k € | -59.4% | 446,4 k € | +152% | 177,1 k € | -25.3% | 237 k € | -2.9% | 244,2 k € | -4.8% | 256,6 k € | -0.4% | 257,6 k € | -13.6% | 298,1 k € | +16.6% | 255,7 k € | +7.3% | 238,3 k € | -8.1% | 259,3 k € | +2.2% | 253,8 k € | +3.1% | 246,2 k € | +10.4% | 223,1 k € | -13.7% | 258,4 k € | +24.8% | 207,1 k € | -19.0% | 255,7 k € | +9.4% | 233,7 k € |
| Total assets | 1,5 M € | +7.7% | 1,4 M € | +9.3% | 1,3 M € | +69.3% | 745,4 k € | -23.0% | 968 k € | -13.6% | 1,1 M € | +16.8% | 959 k € | -12.4% | 1,1 M € | +2.5% | 1,1 M € | -2.3% | 1,1 M € | +3.3% | 1,1 M € | +1.8% | 1 M € | -1.3% | 1,1 M € | +24.6% | 845,5 k € | +25.0% | 676,1 k € | +13.0% | 598,1 k € | +17.2% | 510,1 k € | -16.7% | 612,2 k € | -7.5% | 662 k € |
| Cash | 221,4 k € | -6.3% | 236,2 k € | -12.9% | 271,3 k € | +413% | 52,9 k € | -13.4% | 61,1 k € | -10.6% | 68,4 k € | +23.2% | 55,5 k € | -6.8% | 59,6 k € | -58.5% | 143,5 k € | +21.5% | 118,1 k € | +142% | 48,8 k € | -62.3% | 129,5 k € | +8.9% | 118,9 k € | +13.1% | 105,1 k € | +41.8% | 74,1 k € | +95.8% | 37,9 k € | -37.5% | 60,5 k € | +28.2% | 47,2 k € | -50.2% | 94,9 k € |
| Debts | 1,2 M € | +3.8% | 1,2 M € | +47.3% | 813,5 k € | +43.2% | 568,2 k € | -21.8% | 726,8 k € | -16.4% | 869,3 k € | +27.4% | 682,3 k € | -18.1% | 833,2 k € | +13.2% | 735,8 k € | -11.4% | 830,4 k € | +1.6% | 817,1 k € | +5.3% | 775,8 k € | -2.8% | 797,9 k € | +33.1% | 599,3 k € | +32.3% | 453 k € | +33.4% | 339,7 k € | +12.1% | 303 k € | -15.0% | 356,5 k € | -16.8% | 428,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 6,7 ETP | +48.9% | 4,5 ETP | -10.0% | 5,0 ETP | -15.3% | 5,9 ETP | -14.5% | 6,9 ETP | -4.2% | 7,2 ETP | -7.7% | 7,8 ETP | -13.3% | 9,0 ETP | +11.1% | 8,1 ETP | +8.0% | 7,5 ETP | -10.7% | 8,4 ETP | +5.0% | 8,0 ETP | +3.9% | 7,7 ETP | +24.2% | 6,2 ETP | +3.3% | 6,0 ETP | +5.3% | 5,7 ETP | +54.1% | 3,7 ETP | -11.9% | 4,2 ETP | +23.5% | 3,4 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 15 ended
Active mandates
Ended mandates
Gerrit Johannes Prudon
EndedGARY SMITH
EndedMAX PRUDON
EndedDavid Bayer
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/04/2020 | 01/04/2019 |
| Closing of the financial year | 31/12/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 31/03/2020 |
| Length of the financial year | 18 months | 12 months | 12 months | 12 months | 15 months | 12 months |
| Filing date | 13/07/2026 | 12/12/2024 | 28/12/2023 | 19/12/2022 | 20/12/2021 | 19/10/2020 |
| General meeting | 25/06/2026 | 02/12/2024 | 04/12/2023 | 05/12/2022 | 20/12/2021 | 05/09/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 25/06/2026 | 13/07/2026 | Dutch | |
| Abridged model | 30/06/2024 | 02/12/2024 | 12/12/2024 | Dutch | |
| Abridged model | 30/06/2023 | 04/12/2023 | 28/12/2023 | Dutch | |
| Abridged model | 30/06/2022 | 05/12/2022 | 19/12/2022 | Dutch | |
| Abridged model | 30/06/2021 | 20/12/2021 | 20/12/2021 | Dutch | |
| Abridged model | 31/03/2020 | 05/09/2020 | 19/10/2020 | Dutch | |
| Abridged model | 31/03/2019 | 07/09/2019 | 28/10/2019 | Dutch | |
| Abridged model | 31/03/2018 | 17/09/2018 | 03/12/2018 | Dutch | |
| Abridged model | 31/03/2017 | 18/09/2017 | 29/09/2017 | Dutch | |
| Full model | 31/03/2016 | 19/09/2016 | 19/09/2016 | Dutch | |
| Full model | 31/03/2015 | 19/09/2015 | 30/09/2015 | Dutch | |
| Full model | 31/03/2014 | 22/09/2014 | 28/10/2014 | Dutch | |
| Full model | 31/03/2013 | 07/09/2013 | 23/09/2013 | Dutch | |
| Full modelCorrection | 31/03/2012 | 27/09/2012 | 23/09/2013 | Dutch | |
| Full model | 31/03/2012 | 27/09/2012 | 26/10/2012 | Dutch | |
| Full model | 31/03/2011 | 23/06/2011 | 28/09/2011 | Dutch | |
| Full model | 31/03/2010 | 04/09/2010 | 28/09/2010 | Dutch | |
| Full model | 31/12/2008 | 13/01/2010 | 16/03/2010 | Dutch | |
| Abridged model | 31/12/2008 | 09/05/2009 | 26/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 28/08/2008 | 29/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 02/06/2007 | 11/06/2007 | Dutch | |
| Abridged modelCorrection | 31/12/2005 | 20/03/2006 | 11/06/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 15 ended
Active mandates
Ended mandates
Gerrit Johannes Prudon
EndedGARY SMITH
EndedMAX PRUDON
EndedDavid Bayer
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates19/03/2026ONTSLAGEN - BENOEMINGEN
- Mandates05/11/2025ONTSLAGEN - BENOEMINGEN
- Mandates24/06/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Mandates02/12/2022ONTSLAGEN - BENOEMINGEN
- Mandates10/05/2021STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Mandates11/09/2020ONTSLAGEN - BENOEMINGEN
- Mandates17/09/2019ONTSLAGEN - BENOEMINGEN
- Mandates30/12/2016ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202555,9 k €↑
- 2024Annual accounts 2024-192,8 k €↓
- 2022Annual accounts 2022269,4 k €↑
- 2021Annual accounts 2021-59,9 k €↓
- 2020Annual accounts 2020-7,2 k €↑
- 2019Annual accounts 2019-12,4 k €↓
- 2018Annual accounts 2018-1 k €↑
- 2017Annual accounts 2017-40,5 k €↓
- 2016Annual accounts 201642,4 k €↑
- 2015Annual accounts 201517,4 k €↑
- 2014Annual accounts 2014-21,1 k €↓
- 2013Annual accounts 20135,6 k €↓
- 2012Annual accounts 20127,5 k €↓
- 2011Annual accounts 201133,1 k €↑
- 2010Annual accounts 2010-35,3 k €↓
- 2008Annual accounts 200851,3 k €↑
- 2007Annual accounts 2007-48,6 k €↓
- 2006Annual accounts 200622 k €↓
- 2005Annual accounts 2005125,6 k €
- 15/02/1991IncorporationPrivate limited company