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Complete company report
Generated 13-08-2026
Active BE 0736.702.825Private limited company

B&R LOGISTICS

· 6 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of B&R LOGISTICS is 2.5% (moderate). The 2023 annual accounts show equity of €5k. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €5k
Active 6 yrs
Board 1
Locations 1
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health75Profitability-Solvency100Growth55Stability100
82 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: profitability. An unmeasured axis is not a zero: no data was read for it.

Health 75
Profitability -
Solvency 100
Growth 55
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
2.5% Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
75 / 100 Excellent
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 04-12-2023 with the NBB · fiscal year 2023 · micro
€-2k€-2k€-1k€-500€0Operating result 2021: €-2k€-2kNet result 2021: €-2k€-2k202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 3 fiscal years (±0%/year).
€4k€4k€4k€5k€5k€5k2024: €5k (€4k - €5k)2025: €5k (€4k - €5k)2026: €5k (€4k - €5k)2021: €5k2022: €5k2023: €5k202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Net profit
€-2k
- 21-23
Total assets
€6k
0.0% 21-23
Equity
€5k
0.0% 21-23
Working capital
€5k
0.0% 21-23
Debt
€2k
0.0% 21-23
Debt ≤ 1y
€2k
0.0% 21-23
Current ratio
3.78
0.0% 21-23
Quick ratio
3.78
0.0% 21-23
Solvency
73.5%
0.0% 21-23
Debt / equity
0.36
0.0% 21-23
ROE
-36.0%
- 21-23
ROA
-26.5%
- 21-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA-
Net profit-
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€6k
Equity€5k
Debt€2k
of which ≤ 1y€2k
of which > 1y-
Working capital€5k
Employees (FTE)-
Ratios (computed)
2023
Current ratio3.78
Quick ratio3.78
Working capital ratio73.5%
Solvency73.5%
Debt / equity0.36
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-
ROE-
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€6k
Current assets 29/58€6k
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€6k
Equity 10/15€5k
Contributions / capital 10/11€6k
Accumulated profits (losses) 14€-2k
Amounts payable 17/49€2k
Amounts payable within one year 42/48€2k
Trade debts payable within one year 44€2k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • SEVIK MUSTAFA
    Director
    State Gazette act 25130128 (14-10-2025)
    Current
    24-09-2025 → present
Former directors (3)
  • UTLU TARIK
    Director
    State Gazette act 25010997 (23-01-2025)
    Former
    23-01-2025 → 24-09-2025
    2 events
    • 24-09-2025 Resigned· Director
    • 23-01-2025 Appointed· Director
  • Bilal BÖCÜK
    Director
    State Gazette act 25010997 (23-01-2025)
    Former
    - → 23-01-2025
  • KEKECOGLU KÜCÜK RASÜL
    Manager
    State Gazette act 20034605 (04-03-2020)
    Former
    - → 17-02-2020
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation23-10-2019
StatusActive
Postal code-
Connections & network 19 connected companies
Network connections
AEQUITAS
Shared address
→
→
Avenue Construction
Shared address
→
C W H EUROPE
Shared address
→
CORRECT BUSINESS
Shared address
→
IMMO MARKETING
Shared address
→
MONTANA
Shared address
→
→
PATRIMAN
Shared address
→
PHILCO Smart Vending
Shared address
→
PI CAPITAL FUND
Shared address
→
RASSCHAERT
Shared address
→
STIMANO HOLDING
Shared address
→
WINDOW TEAM
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
Jan Baptist Davidstraat 20, 9000 Gent
Goederenvervoer over de weg
since 20242.361.457.872
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11012A0158/00C005 Flanders 5,303 m² 1 · 3,300 m² 10.4 m · 1 fl.
44021A1823/00T003 Flanders 50 m² 1 · 50 m² 12.1 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
14-10-2025
State Gazette act Director changes
v3.2
23-01-2025
State Gazette act Registered-office change
v3.2
2023
04-12-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
04-12-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
18-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
04-03-2020
State Gazette act Registered-office change
v3.2
2019
25-10-2019
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 4 acts
Address history · 2
23-01-2025
v3.2
04-03-2020
v3.2
All acts · 4 updated 10 months ago
2025
14-10-2025 1 director appointed, 1 resigning Director changes
  • SEVIK MUSTAFA, Bestuurder
  • UTLU TARIK, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "UTLU TARIK",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-09-24",
      "evidence_quote": "De heer UTLU TARIK wordt vanaf heden ontslagen als bestuurder. Er wordt hem kwijting verleend voor zijn mandaat.",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "SEVIK MUSTAFA",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-09-24",
      "evidence_quote": "De heer SEVIK MUSTAFA, geboren te Terneuzen op 08/09/1985, wordt vanaf heden benoemd tot bestuurder."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0736.702.825",
    "name_full": "B \u0026 R LOGISTICS",
    "legal_form": "BV"
  }
}
23-01-2025 Registered office moved from Gent to Oosterzele Registered-office change
  • Jan Baptist Davidstraat 20, 9000 Gent → Dorp 40, 9860 Oosterzele
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Oosterzele",
        "region": null,
        "street": "Dorp",
        "country": "BE",
        "postcode": "9860",
        "box_number": "0101",
        "street_number": "40"
      },
      "old_address": {
        "city": "Gent",
        "region": null,
        "street": "Jan Baptist Davidstraat",
        "country": "BE",
        "postcode": "9000",
        "box_number": null,
        "street_number": "20"
      },
      "effective_date": "2025-01-10",
      "evidence_quote": "De algemene vergadering besluit de zetel van de vennootschap te verplaatsen naar 9860 Oosterzele, Dorp 40/0101."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0736.702.825",
    "name_full": "B \u0026 R LOGISTICS",
    "legal_form": "BV"
  }
}
2020
04-03-2020 Registered office moved within GENT Registered-office change
  • FRANS VAN RYHOVELAAN 319, 9000 GENT → JAN BAPTIST DAVIDSTRAAT 20, 9000 GENT
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "GENT",
        "region": null,
        "street": "JAN BAPTIST DAVIDSTRAAT",
        "country": "BE",
        "postcode": "9000",
        "box_number": null,
        "street_number": "20"
      },
      "old_address": {
        "city": "GENT",
        "region": null,
        "street": "FRANS VAN RYHOVELAAN",
        "country": "BE",
        "postcode": "9000",
        "box_number": null,
        "street_number": "319"
      },
      "effective_date": "2020-02-17",
      "evidence_quote": "Maatschappelijk zetel wordt verplaatst naar JAN BAPTIST DAVIDSTRAAT 20 - 9000 GENT."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0736.702.825",
    "name_full": "B \u0026 R LOGISTICS",
    "legal_form": "BV"
  }
}
2019
25-10-2019 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "9000 Gent, Frans van Ryhovelaan 319",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1991-08-05",
        "name": "KEKE\u00C7OGLU K\u00FC\u00E7\u00FCk Ras\u00FCl",
        "niss": null,
        "address": "9000 Gent, Frans van Ryhovelaan 319"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 3100,
      "holder_person_name": "KEKE\u00C7OGLU K\u00FC\u00E7\u00FCk Ras\u00FCl",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 9300,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1988-07-04",
        "name": "B\u00D6C\u00DCK Bilal",
        "niss": null,
        "address": "9000 Gent, Jan Baptist Davidstraat 20"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 3100,
      "holder_person_name": "B\u00D6C\u00DCK Bilal",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 9300,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 18600,
  "subject_company": {
    "kbo": "0736.702.825",
    "name_full": "B\u0026R LOGISTICS",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2019-10-23",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL B&R LOGISTICS
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative