Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Tropics Cargo from Kortemark, company number BE0442928031, closed financial year 2025 with a result of € 55,853 after tax. For that financial year Tropics Cargo recorded a gross margin of € 1.1 million and equity of € 236,952. Compared with financial year 2024, the result moved from € -192,801 to € 55,853. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 236,952
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 55,853
▲ still € 192,801 loss in 2024
Profit after tax over the fiscal year.
€ 221,364
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 51,032.
People and assets in 2025
6.7
▲ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 674,237
▲ 95% vs 2024
€ 100,600 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.
€ 498,745
▲ 18% vs 2024
Of which on lease € 490,717.
Debts at end 2025
€ 424,522
▲ 23% vs 2024
€ 164,188 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 406,864
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 91,915
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 747,943 | € 321,623 | € 1,058,326 | ▲ 229% |
| Profit after taxes | € 269,373 | € -192,801 | € 55,853 | ▲ € 248,653 |
| Equity | € 446,426 | € 181,099 | € 236,952 | ▲ 31% |
| Total debts | € 815,370 | € 1,197,908 | € 1,248,273 | ▲ 4% |
| Cash | € 271,312 | € 236,230 | € 221,364 | ▼ 6% |
| Retained profit | € 260,506 | € -4,821 | € 51,032 | ▲ € 55,853 |
| Bank debt | € 353,877 | € 344,429 | € 424,522 | ▲ 23% |
| Balance sheet total | € 1,261,796 | € 1,379,007 | € 1,485,225 | ▲ 8% |
| Employees (FTE) | 5 | 4.5 | 6.7 | ▲ 2.2 |
Key figures of Tropics Cargo, 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 Tropics Cargo?
What happened at Tropics Cargo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 55,853. Source: NBB ↗
- Ravi Kumar Sharma became a director. NBB
- Paul James Taylor became a director. NBB
- Gary Smith stepped down as director. NBB
- Max Prudon stepped down as director. NBB
- Prunu BV became a director. NBB
- Gary Smith became a director. NBB
- Max Prudon became a director. NBB
In short
From € 269,373 profit in 2022 to € 55,853 profit in 2025.
Paid € 89,627 in corporate taxes since 2022.
Best year ever: 2022, with € 269,373 profit.
On average € 158,000 of value added per employee in 2025.
Management
Behind Tropics Cargo are Prunu BV, Ravi Kumar Sharma and Paul James Taylor. The shares are held by Tropics cargo UK and Gerrit Johannes Prudon.
Directors
According to the 2025 annual accounts
Director · represented by Gerrit Johannes Prudon
since 2025
Ravi Kumar Sharma
Director
since 2025
Paul James Taylor
Director
since 2025
Gary Smith
Director
since 2020 · until 2025
Max Prudon
Director
since 2020 · until 2025
Shareholders
Tropics cargo UK
Gerrit Johannes Prudon
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Edewallestraat 68 box B
8610 Kortemark
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.928.031
- VAT number
- BE 0442.928.031
- Registered office
- Edewallestraat 68 bus B, 8610 Kortemark
- Names & denominations
- Tropics Cargo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 1991
- Peppol
- Active · Active since 9 Apr 2024
- Activities · NACE
Goederenvervoer over de weg
Handelsbemiddeling in de niet-gespecialiseerde groothandel
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