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EXMAR SHIPMANAGEMENT

Active
Private limited companyfounded 1990active for 35 yearsDe Gerlachekaai 20, 2000 Antwerpen, Belgium56 active companies are registered at this addressKBO/BCE: BE 0442.176.676
Summary

The computed 12-month bankruptcy probability of EXMAR SHIPMANAGEMENT is 1.9% (moderate). The 2025 annual accounts show equity of €7.2m and a net result of -€6.1m. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 28% of 860 sector peers (NACE 52, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
EXMAR SHIPMANAGEMENTActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Logistics services
NACE 52250Water transport NACE 50200
1 site
Size
€9.3mturnover 2025
Staff
63.5 FTE
Equity
€7.2m
Loss
-€6.1m
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
Parent
EXMAR · 100%
Board
11 members
Holdings
6
Auditor: Deloitte Bedrijfsrevisoren2025 accounts 22 days early
Why 52raises riskLoss of €6.1m (financial year 2025)Liquidity: current ratio 0.39, cash €862,223, halvedEquity €7.2m (20.4% of total assets)Sector: Warehousing and support activities for transportation (NACE 52)Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 15% of its sector peers (NACE 52, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 45-2
equity 20.4% of total assets
Liquidity 12-2
short-term debt 76.0% · cash 2.4%
Profitability 0-16
return on assets -17.3%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (176 companies, NACE 52, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.9%▲ +1.2 percentage points vs 07-2026highest value 09-2026: 1.9%● unchanged vs 08-2026highest value 10-2026: 1.9%● unchanged vs 09-2026highest value
Credit of up to €370,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.39, compared with 0.25 in 2024, below 1; short-term debt: 76% and cash: 2.4% of total assets), and 79.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, medium-sized): better than 40% on solvency, 13% on liquidity, 1% on profitability and 5% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises riskneutral
raises risk · Loss of €6.1m (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.39, cash €862,223, halved
NBB · annual accounts
raises risk · Equity €7.2m (20.4% of total assets)
NBB · annual accounts
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
35 days early
2023
30 days early
2022
34 days early
2021
40 days early
2020
37 days early
2019
51 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 36 days before the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Deloitte Belgium (statutory auditor)Permanent representative: Fabio De Clercq…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Reappointments: Carl-Antoine Saverys, Nicolas Saverys and…Power of attorney

Key points

  • Caution: From profit to loss in 2025after €2.1m in 2024 -€6.1m View
  • Caution: Among the weakest 5% on net resultsector median €109,721 · 853 companies -€6.1m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by EXMARultimately: SAVEREX 100% View

By topic

Financials

Financial year
2025
Turnover
€9.3m
Loss
-€6.1m
Solvency
20.4%
Turnover▼ 33.6%
Net result
20182025
Go to Financials

Board & ownership

Board
11 members
Parent
EXMAR · 100%
Auditor
Deloitte Bedrijfsrevisoren
  • Nicolas SAVERYSChair
  • Jonathan RaesDirector
  • Carl-Antoine SaverysDirector
  • Fredenk Van NuffelDirector
  • Guido OlislagersManaging director

and 6 other directors

Go to Board & ownership

Timeline

Events
76
Since
1992
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 18-08-2025Reappointments: Carl-Antoine Saverys, Nicolas Saverys and Jonathan…
  3. 26-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Logistics servicesNACE 52250
Founded
11-12-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Who signs
Two directors jointly
Purpose
“Het verlenen en leveren van diensten en adviezen, hetzij als makelaar, agent of raadgever…” (deed in Dutch)
Go to Articles of association

Key facts about EXMAR SHIPMANAGEMENT

What is the company number of EXMAR SHIPMANAGEMENT?
0442.176.676. In Belgium the VAT number is the company number with BE in front: BE 0442.176.676.
Where is EXMAR SHIPMANAGEMENT based?
The registered office is at De Gerlachekaai 20, 2000 Antwerpen.Company details
What does EXMAR SHIPMANAGEMENT do?
According to the KBO register, the main activity is logistics services (NACE 52250).
What is the legal form of EXMAR SHIPMANAGEMENT?
Private limited company (BV).
When was EXMAR SHIPMANAGEMENT founded?
On 11-12-1990.
Is EXMAR SHIPMANAGEMENT still active?
Yes, EXMAR SHIPMANAGEMENT is an active enterprise in the KBO register.
How many employees does EXMAR SHIPMANAGEMENT have?
On average 63.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of EXMAR SHIPMANAGEMENT?
€9.3m in financial year 2025, according to the filed annual accounts.
Is EXMAR SHIPMANAGEMENT profitable?
In financial year 2025, EXMAR SHIPMANAGEMENT made a loss of €6.1m.
Where can I find the annual accounts of EXMAR SHIPMANAGEMENT?
EXMAR SHIPMANAGEMENT filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of EXMAR SHIPMANAGEMENT due?
By 31-07-2027, for financial year 2026.Timeline

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Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?SAVEREX · 20 companies

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