Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CARGOBRU from Buggenhout, company number BE0453849637, closed financial year 2025 with a result of € 44,950 after tax. For that financial year CARGOBRU recorded a gross margin of € 110,306 and equity of € -205,937. Compared with financial year 2024, the result moved from € 41,295 to € 44,950. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ -205,937
▲ € 44,950 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,950
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 20,601
▲ € 20,312 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 € -367,937.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 51,203
▼ 34% vs 2024
€ 26,174 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2,187
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 394
▲ € 394 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 135,544 | € 45,037 | € 108,705 | € 110,306 | ▲ 1% |
| Profit after taxes | € 53,248 | € -26,819 | € 41,295 | € 44,950 | ▲ 9% |
| Equity | € -265,363 | € -292,182 | € -250,887 | € -205,937 | ▲ € 44,950 |
| Total debts | € 730,219 | € 734,032 | € 636,985 | € 618,838 | ▼ 3% |
| Cash | € 6,235 | € 5,935 | € 290 | € 20,601 | ▲ € 20,312 |
| Land & buildings | € 321,237 | € 309,315 | € 291,508 | € 273,701 | ▼ 6% |
| Retained profit | € -427,363 | € -454,182 | € -412,887 | € -367,937 | ▲ € 44,950 |
| Bank debt | € 123,128 | € 100,199 | € 77,185 | € 51,203 | ▼ 34% |
| Balance sheet total | € 464,856 | € 441,850 | € 386,098 | € 412,901 | ▲ 7% |
Key figures of CARGOBRU, 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 CARGOBRU?
What happened at CARGOBRU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Guillaume De Landtsheer stepped down as director. NBB
- Charles-Eduard De Landtsheer stepped down as director. NBB
- Emmanuel Junior De Landtsheer stepped down as director. NBB
- Afinco NV stepped down as director. NBB
- Geraldine De Landtsheer stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 44,950 (▲ 9% vs 2024). Source: NBB ↗
- Guillaume De Landtsheer became a director. NBB
- Charles-Eduard De Landtsheer became a director. NBB
In short
From € 53,248 profit in 2022 to € 44,950 profit in 2025.
Best year ever: 2022, with € 53,248 profit.
Management
The stake of Aankoop-en financieringscompagnie de Landtsheer comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CARGOBRUThe shares are held by Aankoop-en financieringscompagnie de Landtsheer (100%).
Directors
According to the 2025 annual accounts
Guillaume De Landtsheer
Director
Also active at: Bedrijfsbouw, EMMANUEL DE LANDTSHEER, MATICO, LANSON PLANT V
since 2023 · until 2029
Charles-Eduard De Landtsheer
Director
Also active at: EMMANUEL DE LANDTSHEER, MATICO, LANSON PLANT V
since 2023 · until 2029
Emmanuel Junior De Landtsheer
Director
Also active at: Bedrijfsbouw, EMMANUEL DE LANDTSHEER, MATICO, LANSON PLANT V
since 2023 · until 2029
Managing director · represented by De Landtsheer Emmanuel
Also active at: Bedrijfsbouw, EMMANUEL DE LANDTSHEER, LANSON PLANT V
since 2023 · until 2029
Geraldine De Landtsheer
Director
Also active at: Bedrijfsbouw, EMMANUEL DE LANDTSHEER, MATICO, LANSON PLANT V
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mandekensstraat 181 box 0001
9255 Buggenhout
Mandekensstraat 181
9255 Buggenhout
Active since 30 April 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0453.849.637
- VAT number
- BE 0453.849.637
- Registered office
- Mandekensstraat 181 bus 0001, 9255 Buggenhout
- Names & denominations
- CARGOBRU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 November 1994
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
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