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B LOGISTICS HOLDING

Active
Public limited companyfounded 2015active for 11 yearsKoning AlbertII laan 37, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0635.949.618
Summary

The computed 12-month bankruptcy probability of B LOGISTICS HOLDING is 2.0% (moderate). The 2026 annual accounts show negative equity (-€15.9m) and a net result of -€1.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 211 sector peers (NACE 73, financial year 2026). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Public relations and communication consultancy
NACE 73300
1 site
Size
€18,250total assets 2026
Equity
-€15.9m
Loss
-€1.0m
Net result +99%: 9-month year
Financial health
51 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Parent
Louise Freight SA · 100%
Board
5 members
Holdings
1
Auditor: Romuald BillemAccounts 212 days early
Why 51raises riskLoss of €1.0m, the second in a row (financial year 2026)Liquidity: current ratio 0.00Negative equity -€15.9mlowers riskSize: total assets €18,250Show the evidence

Checked score

Score 2026
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 4% of its sector peers (NACE 73, micro)
Financial strength · tick = 2025
Weak
Solvency 0=
equity -87294.4% of total assets
Liquidity 0-50
short-term debt 86575.1%
Profitability 0=
return on assets -5698.8%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (11,207 companies, NACE 73, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.3%▼ -0.2 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026 09-2026: 0.7%▲ +0.1 percentage points vs 08-2026 10-2026: 2.0%▲ +1.3 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.0, compared with 0.0 in 2025), and equity is negative.
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 73, micro): better than 5% on solvency, 1% on liquidity and 6% on profitability.

The bankruptcy probability was computed on 09-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €18,250
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €1.0m, the second in a row (financial year 2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.00
NBB · annual accounts
raises risk · Negative equity -€15.9m
NBB · annual accounts
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
1920212222242526
2019 to 2026 · latest year -€15.9m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2026 was due by 30-04-2027 and was filed on 30-09-2026, 212 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
212 days early
2025
61 days late
2024
3 days early
2023
2 days early
2022
5 days early
2022
76 days early
2021
182 days late
← 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 8 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€74.5m

Key points

  • Risk: Negative equityfinancial year 2026: debts exceed assets -€15.9m View
  • Risk: 6 loss-making years in a rowloss financial year 2026 -€1.0m View
  • Caution: Among the weakest 5% on solvencysector median 54.1% · 211 companies -87294.4% View
  • Result rose in 20269-month financial year ▲ 98.6% View
  • Controlled by Louise Freight SAitself parent of 7 companies 100% View

By topic

Financials

Financial year
2026
Total assets
€18,250
Loss
-€1.0m
Solvency
-87294.4%
Total assets▼ 70.7%
Net result
20192026
Go to Financials

Board & ownership

Board
5 members
Parent
Louise Freight SA · 100%
Auditor
Romuald Billem
  • Maarten MEIJSSENDirector
  • Richard REISDirector
  • Modal Shifters NVDirector
  • Modal Shifters SADirector
  • Louise Freight S.A.Director
Go to Board & ownership

Timeline

Events
29
Since
2015
  1. 28-07-2025Annual accounts filed
  2. 22-01-2025Permanent representative: Didier Bossut
  3. 20-08-2024Reappointment: Mazars Réviseurs d'Entreprises SRL (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Public relations and communication consultancyNACE 73300
Founded
02-09-2015
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Het vervoer van goederen in het algemeen via land, lucht en zee, en het uitvoeren van…
Go to Articles of association

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