ACTIVE

CARGOBASE

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Financial year 2025 · closed on 31/12/2025
Net result
88,1 k €
+1368.6% YoY
Gross margin
127,8 k €
+85.1% YoY
Equity
1,4 M €
+6.7% YoY

What does CARGOBASE do?

CARGOBASE is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Machelen (Brab.).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0823.834.163
Incorporation
11/03/2010
Legal form
Private limited company
Registered office
Bedrijvenzone Machelen-Cargo 706 box 63
1830 Machelen (Brab.) · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities52230Service activities incidental to air transportation52230Service activities incidental to air transportation52250Support activities for transportation52290Other transportation support activities+4
Joint committees (1)
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin127,8 k €69 k €313,5 k €1,4 M €470,2 k €127,4 k €249,9 k €235,7 k €88,8 k €87,9 k €39,8 k €-4,3 k €-9,5 k €-4 k €2,5 k €8,9 k €
EBITDA125,7 k €41,6 k €267,7 k €1,3 M €429,2 k €78,7 k €197,3 k €199,3 k €86,1 k €86,7 k €38,5 k €-5,5 k €-11,1 k €-6,4 k €1,1 k €6,2 k €
Operating result99,7 k €14,5 k €235,7 k €1,3 M €399,2 k €63,2 k €183 k €193,4 k €81,3 k €76,2 k €27,1 k €-19,4 k €-26,4 k €-29 k €-10,3 k €-5,2 k €
Net result88,1 k €6 k €173,7 k €1 M €395 k €52,9 k €168,9 k €173 k €48 k €61,8 k €28,2 k €-25,2 k €-34,6 k €-30,9 k €-10,1 k €-7,1 k €
Balance sheet
Equity1,4 M €1,3 M €1,3 M €1,2 M €159,4 k €159,4 k €136,5 k €77,6 k €14,7 k €-5,5 k €-67,3 k €-95,5 k €-70,3 k €-35,7 k €-4,8 k €5,3 k €
Total assets1,7 M €1,7 M €1,7 M €1,7 M €1,2 M €382,5 k €636,3 k €725,1 k €332,9 k €254,7 k €215,2 k €79,7 k €165,1 k €207,5 k €399,5 k €144,4 k €
Cash279,6 k €1,2 M €1,2 M €964,4 k €615,1 k €132 k €233,1 k €224,2 k €98,5 k €125,9 k €60,9 k €8,3 k €24,5 k €21,4 k €4,4 k €6,5 k €
Debts310,3 k €394,2 k €334,7 k €568,3 k €1,1 M €218,8 k €499,8 k €646,7 k €318,3 k €260,1 k €282,5 k €175,2 k €235,5 k €243,2 k €404,3 k €139,1 k €
Other
Workforce–0,5 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

BHOLD

Director · since 01 janvier 2025 · 1015.046.503

Represented by Stephen Baldewyns

Active
Evolve

Director · since 01 juillet 2024 · 1010.318.742

Represented by Thibaut Baldewyns

Active

Ended mandates

BHOLD

Director · since 01 janvier 2025 · 1015.046.503

Represented by Stephen Baldewyns

Ended
Stephen Baldewyns

Manager · since 20 septembre 2013

Ended
Anne Gilis

Manager · since 09 mars 2010

Ended
Stephen Baldewyns

Director

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/06/202625/06/202509/07/202405/07/202327/07/202215/06/2021
General meeting13/06/202614/06/202508/06/202410/06/202311/06/202212/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/06/202617/06/2026DutchPDF
Abridged model31/12/202414/06/202525/06/2025DutchPDF
Abridged model31/12/202308/06/202409/07/2024DutchPDF
Abridged model31/12/202210/06/202305/07/2023DutchPDF
Abridged model31/12/202111/06/202227/07/2022DutchPDF
Abridged model31/12/202012/06/202115/06/2021DutchPDF
Micro model31/12/201913/06/202017/06/2020DutchPDF
Micro model31/12/201808/06/201926/06/2019DutchPDF
Micro model31/12/201709/06/201811/07/2018DutchPDF
Abridged model31/12/201610/06/201728/06/2017DutchPDF
Abridged model31/12/201511/06/201613/06/2016DutchPDF
Abridged model31/12/201413/06/201515/06/2015DutchPDF
Abridged model31/12/201314/06/201417/06/2014DutchPDF
Abridged model31/12/201208/06/201310/06/2013DutchPDF
Abridged model31/12/201109/06/201211/06/2012DutchPDF
Abridged model31/12/201011/06/201116/06/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 5 ended

Active mandates

BHOLD

Director · since 01 janvier 2025 · 1015.046.503

Represented by Stephen Baldewyns

Active
Evolve

Director · since 01 juillet 2024 · 1010.318.742

Represented by Thibaut Baldewyns

Active

Ended mandates

BHOLD

Director · since 01 janvier 2025 · 1015.046.503

Represented by Stephen Baldewyns

Ended
Stephen Baldewyns

Manager · since 20 septembre 2013

Ended
Anne Gilis

Manager · since 09 mars 2010

Ended
Stephen Baldewyns

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office14/09/2026
    ZETEL
    PDF
  • Mandates10/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares17/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN
    PDF
  • Registered office07/03/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/10/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other23/03/2010
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202588,1 k €↑
  2. 2024
    Annual accounts 20246 k €↓
  3. 2023
    Annual accounts 2023173,7 k €↓
  4. 2022
    Annual accounts 20221 M €↑
  5. 2021
    Annual accounts 2021395 k €↑
  6. 2020
    Annual accounts 202052,9 k €↓
  7. 2019
    Annual accounts 2019168,9 k €↓
  8. 2018
    Annual accounts 2018173 k €↑
  9. 2017
    Annual accounts 201748 k €↓
  10. 2016
    Annual accounts 201661,8 k €↑
  11. 2015
    Annual accounts 201528,2 k €↑
  12. 2014
    Annual accounts 2014-25,2 k €↑
  13. 2013
    Annual accounts 2013-34,6 k €↓
  14. 2012
    Annual accounts 2012-30,9 k €↓
  15. 2011
    Annual accounts 2011-10,1 k €↓
  16. 2010
    Annual accounts 2010-7,1 k €
  17. 11/03/2010
    IncorporationPrivate limited company