Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 67.3 to 47.7.
Financials
Financial year 2025
Genk Cargo Connect from Genk, company number BE0401350564, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year Genk Cargo Connect recorded revenue of € 12.7 million and equity of € 7.1 million. Compared with financial year 2024, the result moved from € 1.2 million to € 1.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 1, 2026.
€ 7.1 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 555,000 paid out
44 % of the profit went to the shareholders, mostly to APERAM STAINLESS FRANCE SA (50 % of the shares). That is where the money ends up.
People and assets in 2025
47.7
▼ 17.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 19% vs 2024
€ 66,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 70,878
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 907,709
▼ 9% vs 2024
€ 88,339 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 1 million
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 695,444
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,427,419 | € 20,128,461 | € 22,567,189 | € 12,654,168 | ▼ 44% |
| Profit after taxes | € 577,119 | € 1,223,071 | € 1,158,254 | € 1,249,151 | ▲ 8% |
| Equity | € 5,262,760 | € 5,811,832 | € 6,422,085 | € 7,116,236 | ▲ 11% |
| Total debts | € 4,491,707 | € 4,631,559 | € 5,883,557 | € 3,317,294 | ▼ 44% |
| Cash | € 2,362,349 | € 2,847,939 | € 3,577,727 | € 1,544,916 | ▼ 57% |
| Land & buildings | € 2,712,922 | € 3,621,642 | € 4,649,577 | € 4,347,468 | ▼ 6% |
| Retained profit | € 2,762,760 | € 3,311,832 | € 3,922,085 | € 4,616,236 | ▲ 18% |
| Dividend | € 574,925 | € 674,000 | € 548,000 | € 555,000 | ▲ 1% |
| Bank debt | € 0 | € 0 | € 993,024 | € 907,709 | ▼ 9% |
| Balance sheet total | € 11,381,360 | € 11,956,276 | € 13,807,019 | € 11,940,722 | ▼ 14% |
| Employees (FTE) | 62.2 | 67.3 | 64.9 | 47.7 | ▼ 17.2 |
Key figures of Genk Cargo Connect, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Genk Cargo Connect?
What happened at Genk Cargo Connect in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kris Mercken stepped down as director. NBB
- TOM MELOTTE BV stepped down as director. NBB
- B.V. NAMICOM stepped down as director. NBB
- WMA SERVICES BV stepped down as director. NBB
- Gert HEYLEN stepped down as director. NBB
- Jos BOGAERTS stepped down as director. NBB
- JEMI CONSULT BV stepped down as director. NBB
- Jan Van Looy stepped down as director. NBB
In short
From € 577,119 profit in 2022 to € 1.2 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.2 million profit.
Paid out € 2.4 million in dividends to the owners in total.
Management
The shares are held by APERAM STAINLESS FRANCE SA (50%) and JM RECYCLING NV (50%).
Directors
According to the 2025 annual accounts
Kris Mercken
Director
since 2025 · until 2029
Director · represented by Tom Melotte
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Machiels, TAMORCO, MACHIELS REAL ESTATE, MATRACO, MAC² SHIPPING, J.M. RECYCLING +20 more
since 2025 · until 2029
since 2023 · until 2029
Guido MOERMANS
Director
since 2023 · until 2025
Director · represented by Marieke Meugens
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Machiels, TAMORCO, MACHIELS REAL ESTATE, MATRACO, MAC² SHIPPING, J.M. RECYCLING +22 more
since 2023 · until 2025
Director · represented by Wesley Mazzei
Also active at: LAURA COAL BELGIUM, Global Langerlo, Port of Limburg, Port of Limburg Real Estate, DECOVEMA, GATEWAY GENK
since 2023 · until 2029
Gert HEYLEN
Director
since 2023 · until 2029
Jos BOGAERTS
Director
since 2023 · until 2029
Director · represented by Louis MACHIELS
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Machiels, TAMORCO, Waterleau Technics, MACHIELS REAL ESTATE, MATRACO, MAC² SHIPPING +57 more
since 2023 · until 2029
Jan Van Looy
Director
Also active at: WATERLEAU GROUP, URBICOON, EXPANDUS, VILOMA, FLOATING PV, Port of Limburg, Port of Limburg Real Estate, ZONNECENTRALE LOMMEL +3 more
since 2023 · until 2029
Shareholders
APERAM STAINLESS FRANCE SA
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kolenhavenstraat 6
3600 Genk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Website info
Features
Security
Network
Details
- Company number
- 0401.350.564
- VAT number
- BE 0401.350.564
- Registered office
- Kolenhavenstraat 6, 3600 Genk
- Names & denominations
- Genk Cargo Connect
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 1936
- Peppol
- Active · Active since 13 Jun 2025
- Contact
- havengenk.be
- Activities · NACE
Overige vrachtbehandeling, exclusief in zeehavens
Overige vrachtbehandeling
Logistieke diensten
Overige vervoerondersteunende activiteiten