ALSICO LOGISTICS
ActiveSummary
ALSICO LOGISTICS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €283,284. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
What they do
Logistics services
NACE 52250NACE 52290
1 site
How big
€2.9mturnover 2025
- Staff
- 14.6 FTE
- Equity
- €1.7m
- Profit
- €283,284
Who decides
- Parent
- alsico group · 100%
Accounts 21 d early0 of 6 deeds read
Why 58- Limited track record- Higher-failure-rate sector- Weak solvency vs sector+ Annual accounts: healthy financial profile+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability81=
Solvency37▼-4
Growth74▲+1
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.47 in 2024; short-term debt: 20.1% and cash: 3.9% of total assets), and 88.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.9%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 681 sector peers (2025).
NBB · sector comparisonPosition among 681 sector peers
Solvency
better than 20%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
29 d early
2023
30 d early
2022
26 d early
2021
25 d early
2020
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Highest result since 2020net €283,284 ▲58.9%
- Annual accounts filedfiscal year 2024 · full…
Financials
Fiscal year 2025Turnover €2.9mProfit €283,284Solvency 11.9%Liquidity 0.38
Turnover
€2.9m▲ 12.2%
2020 - 2025
Net result
€283,284▲ 58.9%
2020 - 2025
Equity
€1.7m▲ 19.9%
2020 - 2025
Staff (FTE)
14.6▼ 0.7%
2020 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.0m▲ 7.3%€2.1m▲ 6.3%€2.5m▲ 18.4%€2.6m▲ 5.1%€2.9m▲ 12.2%
Operating result€0.08m€0.2m▲ 171%€0.5m▲ 135%€0.4m▼ 19.4%€0.6m▲ 58.0%
Net result-€0.06mbelow the sector's middle half▲ 61.9%€0.1mwithin the sector's middle half€0.3mwithin the sector's middle half▲ 161%€0.2mwithin the sector's middle half▼ 30.1%€0.3mwithin the sector's middle half▲ 58.9%
EBIT margin4.0%▲ 4.8pp10.2%▲ 6.2pp20.1%▲ 10.0pp15.5%▼ 4.7pp21.8%▲ 6.3pp
Equity-€0.1mbelow the sector's middle half▼ 115%€1.0mwithin the sector's middle half€1.2mwithin the sector's middle half▲ 24.8%€1.4mwithin the sector's middle half▲ 14.7%€1.7mwithin the sector's middle half▲ 19.9%
Total assets€7.3mwithin the sector's middle half▼ 7.2%€7.4mwithin the sector's middle half▲ 1.7%€8.3mwithin the sector's middle half▲ 12.2%€8.6mwithin the sector's middle half▲ 3.6%€14.1mwithin the sector's middle half▲ 64.0%
Debt€7.4m▼ 6.4%€6.4m▼ 13.0%€7.1m▲ 10.3%€7.2m▲ 1.7%€12.4m▲ 72.5%
Working capital-€1.4mbelow the sector's middle half▼ 14.1%-€0.7mbelow the sector's middle half▲ 49.6%-€0.5mbelow the sector's middle half▲ 28.3%-€0.9mbelow the sector's middle half▼ 74.6%-€1.8mbelow the sector's middle half▼ 94.7%
Solvency-1.5%below the sector's middle half▼ 0.8pp13.2%below the sector's middle half▲ 14.6pp14.6%below the sector's middle half▲ 1.5pp16.2%within the sector's middle half▲ 1.6pp11.9%below the sector's middle half▼ 4.4pp
Current ratio0.18below the sector's middle half▼ 0.140.36below the sector's middle half▲ 0.180.55below the sector's middle half▲ 0.190.47below the sector's middle half▼ 0.080.38below the sector's middle half▼ 0.10
Return on assets (ROA)-0.8%below the sector's middle half▲ 1.1pp1.3%within the sector's middle half▲ 2.1pp3.1%within the sector's middle half▲ 1.8pp2.1%within the sector's middle half▼ 1.0pp2.0%within the sector's middle half▼ 0.1pp
Staff (FTE)18.9within the sector's middle half▼ 12.9%17.5within the sector's middle half▼ 7.4%16.2within the sector's middle half▼ 7.4%14.7within the sector's middle half▼ 9.3%14.6within the sector's middle half▼ 0.7%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.1m
Fixed assets
€13.0m ▲ 67.4%
Current assets
€1.1m ▲ 31.1%
Equity and liabilities €14.1m
Equity
€1.7m ▲ 19.9%
Debt
€12.4m ▲ 72.5%
Debt's share of the balance-sheet total rises from 83.8% to 88.1%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€1.4m▲
2024 · €1.1m
Cash flow
€1.1m▲
2024 · €915,788
Debt to equity
7.43▲
2024 · 5.17
ROE
17.0%▲
2024 · 12.8%
Interest coverage
9.28▲
2024 · 6.85
Debt ≤ 1 year
€2.8m▲
2024 · €1.7m
Debt > 1 year
€9.6m▲
2024 · €5.5m
Income taxes
€113,000▲
2024 · €41,409
Staff costs
€856,208▼
2024 · €872,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €2.0m | €2.2m | €2.6m | €2.7m | €3.1m | ▲ 13.8% |
| Turnover70 | €2.0m | €2.1m | €2.5m | €2.6m | €2.9m | ▲ 12.2% |
| Other operating income74 | €0.06m | €0.09m | €0.1m | €0.09m | €0.1m | ▲ 57.6% |
| Operating charges60/66A | €1.9m | €2.0m | €2.1m | €2.3m | €2.4m | ▲ 6.1% |
| Services and other goods61 | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 16.3% |
| Remuneration, social security and pensions62 | €1.0m | €0.8m | €0.9m | €0.9m | €0.9m | ▼ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.6m | €0.6m | €0.7m | €0.8m | ▲ 5.0% |
| Other operating charges640/8 | €0.05m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 27.8% |
| Non-recurring operating charges66A | - | €285 | €6 | €0.005m | - | - |
| Operating profit (loss)9901 | €0.08m | €0.2m | €0.5m | €0.4m | €0.6m | ▲ 58.0% |
| Financial income75/76B | - | €429 | €0.003m | €0 | €0.001m | ▲ 2,524,040% |
| Recurring financial income75 | - | €429 | €0.003m | €0 | €0.001m | ▲ 2,524,040% |
| Other financial income752/9 | - | €429 | €0.003m | €0 | €0.001m | ▲ 2,524,040% |
| Financial charges65/66B | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 31.5% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 31.5% |
| Debt charges650 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 8.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0.005m | - |
| Other financial charges652/9 | €0.002m | €0.003m | €0.04m | €0.01m | €0.08m | ▲ 462% |
| Profit (loss) for the period before taxes9903 | -€0.06m | €0.1m | €0.3m | €0.2m | €0.4m | ▲ 80.4% |
| Income taxes67/77 | €0.001m | - | €0.08m | €0.04m | €0.1m | ▲ 173% |
| Taxes670/3 | €0.001m | - | €0.08m | €0.06m | €0.1m | ▲ 88.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.02m | - | - |
| Profit (loss) for the period9904 | -€0.06m | €0.1m | €0.3m | €0.2m | €0.3m | ▲ 58.9% |
| Profit (loss) for the period to be appropriated9905 | -€0.06m | €0.1m | €0.3m | €0.2m | €0.3m | ▲ 58.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.3m | €7.4m | €8.3m | €8.6m | €14.1m | ▲ 64.0% |
| Fixed assets21/28 | €6.9m | €7.0m | €7.6m | €7.8m | €13.0m | ▲ 67.4% |
| Tangible fixed assets22/27 | €6.9m | €7.0m | €7.6m | €7.8m | €13.0m | ▲ 67.4% |
| Land and buildings22 | €0.1m | €0.3m | €0.5m | €0.7m | €0.8m | ▲ 6.4% |
| Plant, machinery and equipment23 | €0.1m | €0.1m | €0.06m | €0.04m | €0.08m | ▲ 122% |
| Furniture and vehicles24 | €0.03m | €0.02m | €0.007m | €0.007m | €0.05m | ▲ 730% |
| Leasing and similar rights25 | €6.6m | €6.0m | €7.1m | €6.4m | €8.6m | ▲ 34.8% |
| Assets under construction and advance payments27 | €0.09m | €0.5m | €0.01m | €0.6m | €3.5m | ▲ 478% |
| Financial fixed assets28 | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Other financial fixed assets284/8 | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Amounts receivable and cash guarantees285/8 | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.3m | €0.4m | €0.6m | €0.8m | €1.1m | ▲ 31.1% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.3m | €0.2m | €0.4m | ▲ 80.9% |
| Trade receivables40 | €0.2m | €0.3m | €0.3m | €0.2m | €0.4m | ▲ 80.9% |
| Cash at bank and in hand54/58 | €0.08m | €0.03m | €0.3m | €0.5m | €0.5m | ▲ 18.0% |
| Deferred charges and accrued income490/1 | €0.06m | €0.07m | €0.07m | €0.1m | €0.08m | ▼ 24.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.3m | €7.4m | €8.3m | €8.6m | €14.1m | ▲ 64.0% |
| Equity10/15 | -€0.1m | €1.0m | €1.2m | €1.4m | €1.7m | ▲ 19.9% |
| Contributions10/11 | €0.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €0.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €0.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | - | - | €0.01m | €0.02m | €0.04m | ▲ 64.6% |
| Non-distributable reserves130/1 | - | - | €0.01m | €0.02m | €0.04m | ▲ 64.6% |
| Legal reserve130 | - | - | €0.01m | €0.02m | €0.04m | ▲ 64.6% |
| Profit (loss) carried forward14 | -€0.2m | -€0.1m | €0.1m | €0.3m | €0.5m | ▲ 97.8% |
| Amounts payable17/49 | €7.4m | €6.4m | €7.1m | €7.2m | €12.4m | ▲ 72.5% |
| Amounts payable after more than one year17 | €5.6m | €5.3m | €5.9m | €5.5m | €9.6m | ▲ 75.1% |
| Financial debts170/4 | €5.6m | €5.3m | €5.9m | €5.5m | €9.6m | ▲ 75.1% |
| Leasing and similar obligations172 | €5.6m | €5.2m | €5.7m | €5.2m | €7.2m | ▲ 39.8% |
| Credit institutions173 | - | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 26.7% |
| Other loans174 | - | - | - | €0.2m | €2.3m | ▲ 1,262% |
| Amounts payable within one year42/48 | €1.8m | €1.1m | €1.2m | €1.7m | €2.8m | ▲ 64.6% |
| Current portion of amounts payable after more than one year42 | €0.4m | €0.5m | €0.6m | €0.6m | €0.9m | ▲ 60.0% |
| Financial debts43 | - | €0.3m | - | €0.4m | - | - |
| Credit institutions430/8 | - | €0.3m | - | €0.4m | - | - |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.3m | €1.3m | ▲ 287% |
| Suppliers440/4 | €0.1m | €0.1m | €0.1m | €0.3m | €1.3m | ▲ 287% |
| Taxes, remuneration and social security45 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 64.0% |
| Taxes450/3 | €0.08m | €0.09m | €0.1m | €0.1m | €0.3m | ▲ 141% |
| Remuneration and social security454/9 | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 27.1% |
| Other amounts payable47/48 | €1.0m | €0.02m | €0.2m | €0.2m | €0.2m | ▲ 7.0% |
| Accrued charges and deferred income492/3 | €0.001m | €0.001m | €0.03m | €0.005m | €0.001m | ▼ 79.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.06m | €0.1m | €0.3m | €0.2m | €0.3m | ▲ 58.9% |
| + Depreciation and write-downs630 | €0.5m | €0.6m | €0.6m | €0.7m | €0.8m | ▲ 5.0% |
| Operating cash flow (approximation) | €0.5m | €0.7m | €0.9m | €0.9m | €1.1m | ▲ 15.5% |
| Investment in fixed assets (approximation) | - | -€0.6m | -€1.3m | -€0.9m | -€6.0m | ▼ 594% |
| Change in cash | - | -€0.05m | €0.2m | €0.2m | €0.08m | ▼ 57.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
DRANKENHANDEL GEERT SWINNENS
BE 0478.743.696
Schaarbeek · Eq €1,672,565
HAMBOS LOGISTICS
BE 0677.626.063
Lubbeek · Eq €1,673,528
YANG MING (BELGIUM)
BE 0885.991.367
Antwerpen · Eq €1,673,614
TITAN CARGO
BE 0891.056.153
Antwerpen · Eq €1,654,907
Van Moer Stevedoring
BE 0831.820.629
Beveren-Kruibeke-Zwijndrecht · Eq €1,652,657
Of 3,185 companies in this sector we hold annual accounts for 1,963. 1,087 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent alsico group · 100%
Directors
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Structure & network
Part of the group
alsico group
7 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- alsico group
- ALSICO LOGISTICS
Highest known parent: alsico group. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of ALSICO LOGISTICS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 6 Gazette acts processed.
Timeline
10 eventsLatest 10-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2020net €283,284 ▲58.9%
Operating result €632,272, net result €283,284, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1mEq €1.2m ▲24.8%
2 profitable years in a row build equity to €1.2m.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €97,677
Net result €97,677 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €971,772
Equity rises from -€106,115 to €971,772.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Public limited company · founded 09-12-2019Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded09-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
Contact
E-mail
info@alsicologistics.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738858896
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 2019
Ground area
2.1 ha
Building footprint
6,822 m²
Parcel 45422D1227/00L002, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Pont West 111, 9600 Ronse
since 2019unit no. 2.296.765.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D1227/00L002 | Flanders | 2.1 ha | 1 · 6,822 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?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?alsico group · 7 companies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.