Baki Logistics
ActiveThe computed 12-month bankruptcy probability of Baki Logistics is 2.6% (moderate). The 2025 annual accounts show equity of €103k and a net result of €21k. Equity is growing by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 4488 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-12
Solvency93▲+16
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 1.78 in 2024; short-term debt: 29.3% and cash: 50.3% of total assets), and 32.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
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
67.6%
Return on assets
13.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-04-2026, 16 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
16 d early
2024
2 d early
2023
8 d early
2022
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 25.3%
2024 · €83k
2022: €25k
2023: €47k
2024: €83k
2022 → 2025
Total assets
€153k▼ 4.2%
2024 · €160k
2022: €133k
2023: €143k
2024: €160k
2022 → 2025
Net result
€21k▼ 45.0%
2024 · €38k
2022: €35k
2023: €23k
2024: €38k
2022 → 2025
Working capital
€69k▲ 56.5%
2024 · €44k
2022: €2k
2023: €-6k
2024: €44k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€25k-€47k▲ 87.7%€83k▲ 77.2%€103k▲ 25.3%
Operating result€42k-€34k▼ 18.4%€53k▲ 57.8%€33k▼ 38.7%
Net result€35k-€23k▼ 33.6%€38k▲ 61.1%€21k▼ 45.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€39k▼ 34.0%
Current assets
€114k▲ 13.5%
Equity and liabilities €153k
Equity
€103k▲ 25.3%
Debt
€50k▼ 35.7%
The debt ratio falls from 48.3% to 32.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▼
2024 · €77k
Cash flow
€44k▼
2024 · €61k
Solvency
67.6%▲
2024 · 51.7%
Current ratio
2.53▲
2024 · 1.78
Quick ratio
2.53▲
2024 · 1.78
Debt / equity
0.48▼
2024 · 0.93
ROE
20.0%▼
2024 · 45.6%
ROA
13.5%▼
2024 · 23.6%
Interest coverage
17.84▼
2024 · 19.42
Debt
€50k▼
2024 · €77k
Debt ≤ 1 year
€45k▼
2024 · €56k
Debt > 1 year
€5k▼
2024 · €17k
Income taxes
€9k▼
2024 · €12k
Staff costs
€37k▼
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€160k€153k▼
Fixed assets21/28€59k€39k▼
Intangible fixed assets21-€2k
Tangible fixed assets22/27€58k€34k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€25k€18k▼
Leasing and similar rights25€29k€15k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€100k€114k▲
Amounts receivable within one year40/41€17k€33k▲
Trade receivables40€14k€28k▲
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€76k€77k▲
Deferred charges and accrued income490/1€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€160k€153k▼
Equity10/15€83k€103k▲
Contributions10/11€10k€10k=
Reserves13-€93k
Distributable reserves133-€93k
Profit (loss) carried forward14€73k€0▼
Amounts payable17/49€77k€50k▼
Amounts payable after more than one year17€17k€5k▼
Financial debts170/4€17k€5k▼
Amounts payable within one year42/48€56k€45k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€19k€14k▼
Taxes450/3€16k€11k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€16k€12k▼
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€39k€37k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A-€500
Gross operating margin9900€119k€96k▼
Operating profit (loss)9901€53k€33k▼
Financial income75/76B€133€262▲
Recurring financial income75€133€262▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€50k€30k▼
Income taxes67/77€12k€9k▼
Profit (loss) for the period9904€38k€21k▼
Profit (loss) for the period to be appropriated9905€38k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€93k▲
Profit (loss) brought forward from the previous period14P€37k€73k▲
Transfer to equity691/2-€93k
To other reserves6921-€93k
Profit to be distributed694/7€2k€0▼
Return on contributions (dividend)694€2k€0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €21k ▼45%
Net result drops to €21k, the lowest in the series.
30-09
Financial
Equity above €100kEq €103k ▲25.3%
4 profitable years in a row build equity to €103k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2022net €38k ▲61.1%
Operating result €53k, net result €38k, both a record.
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Scoutsstraat 59240 ZeleGround area
154 m²
Building footprint
63 m²
Volume, LiDAR
27 m³
Parcel 42403D0954/00L000, Flanders · tallest building 6.3 m. Linked by address, not a title deed.
1 establishment unit
Baki Logistics
since 20212.321.632.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403D0954/00L000 | Flanders | 154 m² | 1 · 63 m² | 6.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 10,578 EUR awarded · 10,413 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,103 EUR | 5,028 EUR |
| 2024 | 1 | 2,159 EUR | 2,069 EUR |
| 2023 | 2 | 3,211 EUR | 3,211 EUR |
| 2022 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 6,350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2021
Fiscal year end30-09
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.