BD LOG
ActiveSummary
The computed 12-month bankruptcy probability of BD LOG is 8.2% (elevated). The 2025 annual accounts show equity of €1.4m and a net result of €176,429. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 16% of 657 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 182 days after 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)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: 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.
Peer companies
Historical observationOf the 618 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- solvency under 10%
- a profit under 5% of the balance sheet
- without age
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 8.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 618 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €7.7m | €21.2m | €26.6m | €30.8m | ▲ 15.7% |
| Turnover70 | €6.4m | €21.1m | €26.1m | €29.6m | ▲ 13.7% |
| Other operating income74 | €9,898 | €68,544 | €569,599 | €1.2m | ▲ 104% |
| Non-recurring operating income76A | €1.3m | - | - | - | - |
| Operating charges60/66A | €6.2m | €20.9m | €26.8m | €30.2m | ▲ 12.6% |
| Goods for resale, raw materials and consumables60 | €4.1m | €13.0m | €14.9m | €12.1m | ▼ 19.1% |
| Purchases600/8 | - | - | €14.9m | €12.1m | ▼ 19.1% |
| Services and other goods61 | €699,879 | €3.4m | €5.5m | €9.4m | ▲ 70.0% |
| Remuneration, social security and pensions62 | €1.4m | €4.3m | €5.6m | €7.3m | ▲ 29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,743 | €104,050 | €591,050 | €1.1m | ▲ 88.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€112,964 | €9,000 | €13,702 | €8,270 | ▼ 39.6% |
| Other operating charges640/8 | €1,913 | €15,293 | €37,010 | €134,304 | ▲ 263% |
| Non-recurring operating charges66A | €60,480 | €54,402 | €43,358 | €134,645 | ▲ 211% |
| Operating profit (loss)9901 | €1.6m | €233,783 | -€156,455 | €636,220 | ▲ 507% |
| Financial income75/76B | - | - | €48,760 | €41,959 | ▼ 13.9% |
| Recurring financial income75 | €2,769 | €67,360 | €48,760 | €41,959 | ▼ 13.9% |
| Other financial income752/9 | €2,769 | €67,360 | €48,760 | €41,959 | ▼ 13.9% |
| Financial charges65/66B | €3,882 | €41,277 | €77,952 | €396,794 | ▲ 409% |
| Recurring financial charges65 | €3,882 | €41,277 | €77,952 | €396,794 | ▲ 409% |
| Debt charges650 | €254 | €3,478 | €57,269 | €354,749 | ▲ 519% |
| Other financial charges652/9 | €3,628 | €37,799 | €20,684 | €42,045 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | €1.6m | €259,866 | -€185,647 | €281,385 | ▲ 252% |
| Transfer from deferred taxes780 | - | - | €3,147 | €4,720 | ▲ 50.0% |
| Income taxes67/77 | €399,297 | €88,137 | €39,670 | €109,677 | ▲ 176% |
| Taxes670/3 | €399,297 | €88,137 | €39,670 | €109,677 | ▲ 176% |
| Profit (loss) for the period9904 | €1.2m | €171,729 | -€222,170 | €176,429 | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €171,729 | -€222,170 | €176,429 | ▲ 179% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.9m | €8.1m | €13.5m | €20.1m | ▲ 49.7% |
| Fixed assets21/28 | €347,647 | €1.9m | €5.3m | €12.7m | ▲ 141% |
| Intangible fixed assets21 | €205,136 | €210,670 | €352,050 | €517,680 | ▲ 47.0% |
| Tangible fixed assets22/27 | €93,985 | €1.2m | €3.1m | €3.2m | ▲ 3.1% |
| Land and buildings22 | €1,493 | €73,521 | €136,278 | €139,680 | ▲ 2.5% |
| Plant, machinery and equipment23 | €40,518 | €270,674 | €393,787 | €413,422 | ▲ 5.0% |
| Furniture and vehicles24 | €51,974 | €802,661 | €965,354 | €808,598 | ▼ 16.2% |
| Leasing and similar rights25 | - | - | €1.0m | €1.1m | ▲ 1.9% |
| Other tangible fixed assets26 | - | €23,097 | €508,820 | €749,469 | ▲ 47.3% |
| Assets under construction and advance payments27 | - | €6,687 | €30,635 | - | - |
| Financial fixed assets28 | €48,526 | €521,150 | €1.8m | €9.0m | ▲ 388% |
| Affiliated companies280/1 | - | - | €1.8m | €9.0m | ▲ 397% |
| Participating interests280 | - | - | €1.8m | €9.0m | ▲ 397% |
| Other financial fixed assets284/8 | €48,526 | €521,150 | €48,771 | €65,766 | ▲ 34.8% |
| Amounts receivable and cash guarantees285/8 | €48,526 | €521,150 | €48,771 | €65,766 | ▲ 34.8% |
| Current assets29/58 | €4.5m | €6.2m | €8.2m | €7.4m | ▼ 9.0% |
| Stocks and contracts in progress3 | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €3.8m | €5.2m | €7.3m | €6.9m | ▼ 5.0% |
| Trade receivables40 | €3.4m | €4.9m | €6.2m | €6.5m | ▲ 4.0% |
| Other amounts receivable41 | €472,238 | €356,940 | €1.0m | €402,419 | ▼ 60.3% |
| Cash at bank and in hand54/58 | €633,920 | €1.0m | €853,170 | €390,067 | ▼ 54.3% |
| Deferred charges and accrued income490/1 | €25,769 | €6,168 | €74,197 | €160,882 | ▲ 117% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.9m | €8.1m | €13.5m | €20.1m | ▲ 49.7% |
| Equity10/15 | €1.2m | €1.3m | €1.2m | €1.4m | ▲ 12.9% |
| Contributions10/11 | €6 | €6 | €6 | €6 | = |
| Profit (loss) carried forward14 | €1.2m | €1.3m | €1.1m | €1.3m | ▲ 15.8% |
| Investment grants15 | - | - | €103,840 | €84,960 | ▼ 18.2% |
| Provisions and deferred taxes16 | - | - | €34,613 | €29,893 | ▼ 13.6% |
| Deferred taxes168 | - | - | €34,613 | €29,893 | ▼ 13.6% |
| Amounts payable17/49 | €3.7m | €6.8m | €12.2m | €18.7m | ▲ 53.6% |
| Amounts payable after more than one year17 | - | - | €766,835 | €2.6m | ▲ 237% |
| Financial debts170/4 | - | - | €766,835 | €2.6m | ▲ 237% |
| Subordinated loans170 | - | - | - | €1.0m | - |
| Leasing and similar obligations172 | - | - | €766,835 | €685,829 | ▼ 10.6% |
| Credit institutions173 | - | - | - | €900,000 | - |
| Amounts payable within one year42/48 | €3.7m | €6.8m | €11.4m | €16.1m | ▲ 41.3% |
| Current portion of amounts payable after more than one year42 | - | - | €165,313 | €905,157 | ▲ 448% |
| Financial debts43 | - | €251,453 | €1.0m | €1.1m | ▲ 0.7% |
| Credit institutions430/8 | - | €251,453 | €1.0m | €1.1m | ▲ 0.7% |
| Trade debts44 | €1.7m | €3.7m | €6.3m | €4.5m | ▼ 29.5% |
| Suppliers440/4 | €1.7m | €3.7m | €6.3m | €4.5m | ▼ 29.5% |
| Taxes, remuneration and social security45 | €669,894 | €1.0m | €1.2m | €694,182 | ▼ 40.6% |
| Taxes450/3 | €408,905 | €487,434 | €519,027 | €87,546 | ▼ 83.1% |
| Remuneration and social security454/9 | €260,989 | €541,570 | €649,723 | €606,636 | ▼ 6.6% |
| Other amounts payable47/48 | €1.3m | €1.8m | €2.7m | €9.0m | ▲ 233% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €171,729 | -€222,170 | €176,429 | ▲ 179% |
| + Depreciation and write-downs630 | €23,743 | €104,050 | €591,050 | €1.1m | ▲ 88.9% |
| Operating cash flow (approximation) | €1.2m | €275,779 | €368,881 | €1.3m | ▲ 251% |
| Investment in fixed assets (approximation) | - | -€1.7m | -€4.0m | -€8.5m | ▼ 116% |
| Change in cash | - | €366,464 | -€147,214 | -€463,104 | ▼ 215% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
01-09
State Gazette act
Capital & shares · Statutes amendment · RestructuringMerger · Capital6 facts ▸
- General meeting, 27-07-2026
- Merger, verrichting gelijkgesteld met fusie door overneming, hele vermogen zonder uitzondering noch voorbehoud onder algemene titel
- Merger, verrichting gelijkgesteld met fusie door overneming, hele vermogen zonder uitzondering noch voorbehoud onder algemene titel
- Merger, verrichting gelijkgesteld met fusie door overneming, hele vermogen zonder uitzondering noch voorbehoud onder algemene titel
- Statutes amendment
- Capital
22-06
State Gazette act
RestructuringPermanent representatives: Rafaël Lambrix, Kristof Gouvaerts and Roel Simons · Merger · Accounting effect16 facts ▸
- Board meeting, 10-06-2026
- Merger, fusie door overneming
- Board composition, LUMA CommV. (director)
- Permanent representative, Rafaël Lambrix
- Board composition, Kerel BV (director)
- Permanent representative, Kristof Gouvaerts
- Board composition, LUMA CommV. (director)
- Permanent representative, Rafaël Lambrix
- Board composition, Kerel BV (director)
- Permanent representative, Kristof Gouvaerts
- Board composition, Simbo BV (director)
- Permanent representative, Roel Simons
- +4 further facts in this act
22-06
State Gazette act
RestructuringPermanent representatives: Rafaël Lambrix, Kristof Gouvaerts and Roel Simons · Merger · Accounting effect19 facts ▸
- Board meeting, 10-06-2026
- Board meeting, 10-06-2026
- Merger, fusion par absorption
- Board composition, LUMA CommV. (director)
- Permanent representative, Rafaël Lambrix
- Board composition, Kerel BV (director)
- Permanent representative, Kristof Gouvaerts
- Board composition, LUMA CommV. (director)
- Permanent representative, Rafaël Lambrix
- Board composition, Kerel BV (director)
- Permanent representative, Kristof Gouvaerts
- Board composition, Simbo BV (director)
- +7 further facts in this act
22-06
State Gazette act
RestructuringPermanent representatives: Rafaël Lambrix, Kristof Gouvaerts and Roel Simons · Merger · Accounting effect22 facts ▸
- Board meeting, 10-06-2026
- Merger, fusion par absorption
- Board composition, LUMA CommV. (director)
- Permanent representative, Rafaël Lambrix
- Board composition, Kerel BV (director)
- Permanent representative, Kristof Gouvaerts
- Board composition, LUMA CommV. (director)
- Permanent representative, Rafaël Lambrix
- Board composition, Kerel BV (director)
- Permanent representative, Kristof Gouvaerts
- Board composition, Simbo BV (director)
- Permanent representative, Roel Simons
- +10 further facts in this act
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 5 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
16 establishment units
Show 10 more locations
15 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1533/00T000 | Flanders | 12.1 ha | 1 · 2.8 ha | 12.3 m · 4 fl. |
| 73076D0329/00G000 | Flanders | 4.4 ha | 1 · 1.5 ha | 11.2 m · 3 fl. |
| 12007C0309/00H000 | Flanders | 4.2 ha | 1 · 1.6 ha | 12.9 m · 4 fl. |
| 12007C0210/00W000 | Flanders | 2.9 ha | 1 · 2.7 ha | 17.7 m · 2 fl. |
| 44807G0227/00V002 | Flanders | 1.4 ha | 1 · 8,125 m² | 17.3 m · 2 fl. |
| 52034B1039/00Z004 | Wallonia | 9,994 m² | 1 · 3,265 m² | 11.1 m · 3 fl. |
| 21008A0001/00G000 | Brussels | 9,346 m² | 1 · 6,444 m² | 7.8 m · 2 fl. |
| 21821A0231/00M000 | Brussels | 9,086 m² | 1 · 258 m² | 1.4 m |
| 62087B0272/00M004 | Wallonia | 9,002 m² | 1 · 359 m² | 13.1 m · 1 fl. |
| 44043A0818/00G000 | Flanders | 8,422 m² | 1 · 6,938 m² | 15.5 m · 2 fl. |
| 11052C0193/00K000 | Flanders | 6,821 m² | 1 · 3,136 m² | 8.0 m · 2 fl. |
| 53019A0234/00Z000 | Wallonia | 2,814 m² | 1 · 1,095 m² | 6.8 m · 2 fl. |
| 13453O0940/00M000 | Flanders | 1,514 m² | 1 · 306 m² | 22.8 m · 1 fl. |
| 52011D0275/00N008 | Wallonia | 452 m² | 1 · 484 m² | 11.5 m · 3 fl. |
| 21304B0122/00P006 | Brussels | 211 m² | 1 · 202 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Articles of association
Full purpose (7 activities)
- Het organiseren van een platform voor het retourneren van goederen
- Alle verrichtingen van goederenvervoer, transport en verzending, zowel internationaal als nationaal, het optreden als vervoerder, vervoerder-commissionair, vervoermakelaar, commissionair-expediteur, enz.
- Alle logistieke verrichtingen zoals opslag, (her)verpakking, verwerken, behandelen, controleren, inventariseren, retourneren, installeren, enz. van alle goederen
- Alle ondersteunende diensten, in de meest ruime zin, zoals alle verrichtingen van toezicht, bewaking, aflevering, ophaling, kwaliteitscontrole, vervanging, verhuis, herstel, enz. van alle goederen
- Alle vormen van smart logistics
- Alle vormen van distributie van onder meer drukwerk, publiciteitsonderwerpen, media en infrastructuur en alle logistieke activiteiten die hiermee verband houden
- Het vervoer, de opslag en sortering van gevaarlijke afvalstoffen
Structure & network
Owners and holdings
1 owner · 4 holdings · 6 subsidiaries in the treeChain of control
- BELGIAN DISTRIBUTION GROUP
- BD LOG
Highest known parent: BELGIAN DISTRIBUTION GROUP. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 4
-
100%
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- BD Bike 100%
- DYMAR M.S. 100%
- M & S INVEST 100%
PLATYPUS 100%2 subsidiaries
- IMMO VERBOVEN 100%
- TAXI VERBOVEN VRACHT 100%
According to the 2025 annual accounts of BD LOG 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 current directors or connected companies found in the register.
Acquisitions and mergers
3 transactionsCapital and shareholders
- 01-09-2026 Capital stated in the act · 6 shares
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 151,040 EUR awarded · 151,040 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 60,416 EUR |
| 2024 | 1 | 0 EUR | 90,624 EUR |
| 2023 | 1 | 151,040 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLegal Entity Identifier
Parcel delivery
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.