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AC LOGISTICS

Active
Private limited companyfounded 2023active for 3 yearsFernand Gillionstraat 38B, 1190 Forest, BelgiumKBO/BCE: BE 0802.454.769
Summary

The computed 12-month bankruptcy probability of AC LOGISTICS is 1.9% (moderate). The 2025 annual accounts show equity of €20,611 and a net result of €26,144. Its solvency ranks better than 70% of 2,408 sector peers (NACE 49, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 06-06-2023 Normal situation
Activity
Freight transport by road NACE 49410
Establishment unit
2.346.236.988 1190 Forest, since 06-06-2023
Financial year end
31 December
Peppol
Reachable since 08-01-2026

Board and ownership

Board
Shareholders
  • COULIBALY Adamadeed of 20-03-2024

Financial position

57 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Annual accounts 2025
Turnover
€224,313
▲ 31.8%
Profit
€26,144
Equity
€20,611
Total assets
€37,045
▲ 35.4%
Staff
≈ 0.9 FTE
estimated
  • 2025 accounts filed 4 days after the deadline
Score breakdownraises riskSize: turnover €224,313, total assets €37,045Founded in 2023Sector: Land transport and transport via pipelines (NACE 49)lowers riskLiquidity: current ratio 2.25, cash €16,489Show the evidence

Checked score

Score 2025
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 82% of micro companies in land transport (NACE 49)
Financial strength · tick: 2024
Strong
Solvency 81+76
equity 55.6% of total assets
Liquidity 79+29
short-term debt 44.4% · cash 44.5%
Profitability 100+100
return on assets 70.6%
Bankruptcy probability within 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 1.9% (9,100 companies, NACE 49, micro)
Last 24 months 12-2024: 7.8% 01-2025: 8.1%▲ +0.3 percentage points vs 12-2024 02-2025: 8.1%● unchanged vs 01-2025 03-2025: 7.9%▼ -0.2 percentage points vs 02-2025 04-2025: 8.0%▲ +0.1 percentage points vs 03-2025 05-2025: 8.3%▲ +0.3 percentage points vs 04-2025 06-2025: 8.4%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 8.4%● unchanged vs 06-2025highest value 08-2025: 8.4%● unchanged vs 07-2025highest value 09-2025: 8.4%● unchanged vs 08-2025highest value 10-2025: 8.4%● unchanged vs 09-2025highest value 11-2025: 7.3%▼ -1.1 percentage points vs 10-2025 12-2025: 7.3%● unchanged vs 11-2025 01-2026: 7.4%▲ +0.1 percentage points vs 12-2025 02-2026: 7.4%● unchanged vs 01-2026 03-2026: 7.4%● unchanged vs 02-2026 04-2026: 5.5%▼ -1.9 percentage points vs 03-2026 05-2026: 5.6%▲ +0.1 percentage points vs 04-2026 06-2026: 5.5%▼ -0.1 percentage points vs 05-2026 07-2026: 5.5%● unchanged vs 06-2026 08-2026: 6.2%▲ +0.7 percentage points vs 07-2026 09-2026: 1.9%▼ -4.3 percentage points vs 08-2026lowest value 10-2026: 1.9%● unchanged vs 09-2026lowest value 11-2026: 1.9%● unchanged vs 10-2026lowest value
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.25 (0.83 in 2024), above the usual 1.5. Short-term debt is 44.4% and cash 44.5% of total assets. 44.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 49, micro). It does better than 68% of them on solvency, 83% on liquidity, 94% on profitability and 84% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Size: turnover €224,313, total assets €37,045
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.25, cash €16,489
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
4 days late
2024
78 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 41 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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.
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 4 days after the deadline Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00383353.

Annual accounts 2025 filed on 04-08-2026 at the NBB all 2 filings

Turnover
€224,313▲ 31.8%
2024 · €170,141
EBIT margin
16.2%▲ 19.4pp
2024 · -3.2%
Net result
€26,144
2024 · -€5,533
Working capital
€20,611
2024 · -€5,533
Multi-year overview
2024 to 2025, 2 financial years
Turnover
€224,313
▲ 31.8% 2025
20242025
Operating result
€36,369
2025
20242025
Net result
€26,144
2025
middle half of the sector
20242025
EBIT margin
16.2%
▲ 19.4pp 2025
20242025
Equity
€20,611
2025
lowest quarter of the sector
20242025
Total assets
€37,045
▲ 35.4% 2025
lowest quarter of the sector
20242025
Debt
€16,434
▼ 50.0% 2025
20242025
Working capital
€20,611
2025
middle half of the sector
20242025
Solvency
55.6%
▲ 75.9pp 2025
middle half of the sector
20242025
Current ratio
2.25
▲ 1.42 2025
middle half of the sector
20242025
Return on assets (ROA)
70.6%
▲ 90.8pp 2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Turnover€170,141-€224,313▲ 31.8%
Operating result-€5,431-€36,369
Net result-€5,533below the sector's middle half-€26,144within the sector's middle half
EBIT margin-3.2%-16.2%▲ 19.4pp
Equity-€5,533below the sector's middle half-€20,611below the sector's middle half
Total assets€27,350below the sector's middle half-€37,045below the sector's middle half▲ 35.4%
Debt€32,883-€16,434▼ 50.0%
Working capital-€5,533within the sector's middle half-€20,611within the sector's middle half
Solvency-20.2%below the sector's middle half-55.6%within the sector's middle half▲ 75.9pp
Current ratio0.83below the sector's middle half-2.25within the sector's middle half▲ 1.42
Return on assets (ROA)-20.2%below the sector's middle half-70.6%above the sector's middle half▲ 90.8pp
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a profit of €36,369, after a loss of €5,431 in 2024.

Balance-sheet composition
Equity and liabilities €37,045
Equity €20,611
Debt €16,434
Debt's share of the balance-sheet total is 44.4%.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.80
ROE
126.8%
Debt ≤ 1 year
€16,434▼
2024 · €32,883
Income taxes
€10,117
Customer credit
17 days▲
2024 · 6 days
Supplier credit
16 days▼
2024 · 108 days
Staff costs
€52,824▲
2024 · €41,393
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€27,350€37,045▲
Current assets29/58€27,350€37,045▲
Amounts receivable within one year40/41€16,285€20,556▲
Trade receivables40€2,582€10,272▲
Other amounts receivable41€13,703€10,284▼
Cash at bank and in hand54/58€11,065€16,489▲
Equity and liabilities
Total equity and liabilities10/49€27,350€37,045▲
Equity10/15-€5,533€20,611▲
Reserves13-€18,031
Non-distributable reserves130/1-€1,031
Reserves not available under the articles1311-€1,031
Distributable reserves133-€17,000
Profit (loss) carried forward14-€5,533€2,580▲
Amounts payable17/49€32,883€16,434▼
Amounts payable within one year42/48€32,883€16,434▼
Trade debts44€32,883€5,470▼
Suppliers440/4€32,883€5,470▼
Taxes, remuneration and social security45-€10,964
Taxes450/3-€10,964
Income statement Code20242025
Turnover70€170,141€224,313▲
Non-recurring operating income76A€7,220€5,465▼
Goods, raw materials, services and sundry goods60/61€110,814€121,380▲
Remuneration, social security and pensions62€41,393€52,824▲
Other operating charges640/8€30,260€17,572▼
Non-recurring operating charges66A€325€1,634▲
Gross operating margin9900€66,547€108,398▲
Operating profit (loss)9901-€5,431€36,369▲
Financial income75/76B€2€92▲
Recurring financial income75€2€92▲
Financial charges65/66B€104€200▲
Recurring financial charges65€104€200▲
Profit (loss) for the period before taxes9903-€5,533€36,261▲
Income taxes67/77-€10,117
Profit (loss) for the period9904-€5,533€26,144▲
Profit (loss) for the period to be appropriated9905-€5,533€26,144▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,533€20,611▲
Profit (loss) brought forward from the previous period14P--€5,533
Transfer to equity691/2-€18,031
To the legal reserve6920-€1,031
To other reserves6921-€17,000

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 04-08-2026.

Line20242025Change
Turnover70€170,141€224,313▲ 31.8%
Non-recurring operating income76A€7,220€5,465▼ 24.3%
Goods, raw materials, services and sundry goods60/61€110,814€121,380▲ 9.5%
Remuneration, social security and pensions62€41,393€52,824▲ 27.6%
Other operating charges640/8€30,260€17,572▼ 41.9%
Non-recurring operating charges66A€325€1,634▲ 403%
Gross operating margin9900€66,547€108,398▲ 62.9%
Operating profit (loss)9901-€5,431€36,369-
Financial income75/76B€2€92▲ 54×
Recurring financial income75€2€92▲ 54×
Financial charges65/66B€104€200▲ 92.2%
Recurring financial charges65€104€200▲ 92.2%
Profit (loss) for the period before taxes9903-€5,533€36,261-
Income taxes67/77-€10,117-
Profit (loss) for the period9904-€5,533€26,144-
Profit (loss) for the period to be appropriated9905-€5,533€26,144-
Line20242025Change
Assets
Total assets20/58€27,350€37,045▲ 35.4%
Current assets29/58€27,350€37,045▲ 35.4%
Amounts receivable within one year40/41€16,285€20,556▲ 26.2%
Trade receivables40€2,582€10,272▲ 298%
Other amounts receivable41€13,703€10,284▼ 25.0%
Cash at bank and in hand54/58€11,065€16,489▲ 49.0%
Equity and liabilities
Total equity and liabilities10/49€27,350€37,045▲ 35.4%
Equity10/15-€5,533€20,611-
Reserves13-€18,031-
Non-distributable reserves130/1-€1,031-
Reserves not available under the articles1311-€1,031-
Distributable reserves133-€17,000-
Profit (loss) carried forward14-€5,533€2,580-
Amounts payable17/49€32,883€16,434▼ 50.0%
Amounts payable within one year42/48€32,883€16,434▼ 50.0%
Trade debts44€32,883€5,470▼ 83.4%
Suppliers440/4€32,883€5,470▼ 83.4%
Taxes, remuneration and social security45-€10,964-
Taxes450/3-€10,964-
Line20242025Change
Profit (loss) for the period9904-€5,533€26,144-
Operating cash flow (approximation)-€5,533€26,144-
Change in cash-€5,424-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as AC LOGISTICS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of AC LOGISTICS itself: 1.9% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for AC LOGISTICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 04-08-2026 2026-00383353 PDF
31-12-2024 full format 17-10-2025 2025-00544619 PDF

Board & ownership

Directors

Directors
1 director, since incorporation
COULIBALY Adama
Director (not named in the articles) · appointed by deed of 08-06-2023 · term without a fixed end
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 08-06-2023

Owners and capital

Shareholders

Stated in the deed deed of 20-03-2024 ↗
At incorporation deed of 08-06-2023 ↗

Capital transactions

Capital over time
  1. 08-06-2023 Incorporation · €10,000 · 100 shares

Articles of association

Capital, shares and profit

Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
100 shares
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Voor helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers, ook bij weigering erfgenaam of legataris…”
Share issue ruleThe articles set how and by whom new shares are issued.
“Ten minste vijftien dagen te rekenen van dag openstelling intekening, inbreng in geld met uitgifte nieuwe aandelen–recht van voorkeur”

Audit, dissolution and liquidation

Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Articles of association, deed of 08-06-2023 (in Dutch)

Network & group

AC LOGISTICS shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of AC LOGISTICS. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
04-08
NBB filing Annual accounts 2025 filedNBB
abbreviated format · 4 days late
2025
31-12
Financial Back to profitnet €26,144
The net result is €26,144, after one loss-making year.
31-12
Financial Liquidity more than doubledcurrent ratio 2.25
The current ratio rises from 0.83 to 2.25. Short-term debt falls from €32,883 to €16,434.
17-10
NBB filing Annual accounts 2024 filedPDF
full format · 78 days late
2024
20-03
Gazette deed Registered-office move
Director in office: COULIBALY Adama · COULIBALY Adama holds 100 shares3 points ▸
  • General meeting, 01-01-2024
  • Director in office, COULIBALY Adama
  • COULIBALY Adama holds 100 shares
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2023
08-06
Gazette deed Incorporation
Founding capital of €10,000, 100 shares · Founder: COULIBALY Adama · Appointment: COULIBALY Adama (director)5 points ▸
  • Founder, COULIBALY Adama
  • Founding capital, €10,000, 100 shares
  • COULIBALY Adama holds 100 shares
  • Registered office clause, Imperiastraat 8, 1930 Zaventem
  • Director appointment, COULIBALY Adama (director (not named in the articles))
  • The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

AC LOGISTICS was incorporated on 6 June 2023 as a private limited company by one natural person, with a starting capital of €10,000.12 COULIBALY Adama is director of the company, appointed by deed of 08-06-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-06-2023
  3. 3National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name AC LOGISTICS in Dutch
Enterprise number 0802.454.769
Legal form Private limited company
Status Active, normal situation
Founded 06-06-2023
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-06-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 08-06-2023 (in Dutch)

Registered office and establishments

Registered office Fernand Gillionstraat 38B, 1190 Forest, Belgium
1 former office
  • Imperiastraat, 8, 1930 Zaventem until 01-01-2024 · deed of 20-03-2024
Establishment unit AC LOGISTICS, Fernand Gillionstraat 38B, 1190 Forest since 06-06-2023 · unit number 2.346.236.988

Activities

NACEBEL 2025
VAT activities
49410 Freight transport by road main activity
Social security (RSZ) activities
49410 Freight transport by road main activity
Codes under NACEBEL 2008
49410 Road freight transport main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle activiteiten,permanent of occasioneel,van vervoer van alle soorten goederen zoals koopwaar; Alle vervoer over land van…”
3 activities
  1. Alle activiteiten,permanent of occasioneel,van vervoer van alle soorten goederen zoals koopwaar.
  2. Alle vervoer over land van goederen,personen en goederen,alle activiteiten met betrekking tot de organisatie en de routering van zee- en luchtvervoer en de routering van ingevoerde goederen,alle koeriers- en expressepostdiensten,alsmede het beheer op deze gebieden.
  3. Vervoer,levering aan huis,opslag en bewaring,verpakking van alle producten.
deed of 08-06-2023 (in Dutch)

Invoicing and payment

VAT number BE 0802.454.769
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0802454769
Other Peppol ID 9925:BE0802454769
Registered 08-01-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 5 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last day of June at 10:00
deed of 08-06-2023 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
4,741 m²
Building footprint
1,257 m²
Building volume
13,247 m³
Cadastral parcel Region Area Buildings Height / floors
21007A0081/00F002 Brussels 4,740 m² 1 · 1,257 m² 17.2 m · 3