Equity
BDA Logistics paid out €1,666 in dividends. That is 19% of the 2025 profit.
BDA Logistics paid out €1,666 in dividends. That is 19% of the 2025 profit.
Debts rose by €437,064 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Green is investment, beige is depreciation. Land and buildings stand 113.7% higher than in 2024.
Between 2023 and 2025, 43% of the full-time equivalents disappeared.
The last five annual accounts were filed 20 to 47 days before the end of the period.
More equity than 95% of companies in postal and courier. Sector median €29,087 · 634 companies.
The dashed line is the sector median: 2.6% across 916 companies (NACE 53, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 53, micro). It does better than 44% of them on solvency, 57% on liquidity, 46% on profitability and 42% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,508 companies had the same profile as BDA Logistics has now. Each dot stands for 12 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BDA Logistics itself: 0.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for BDA Logistics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.85 (1.35 in 2024), below 1. Short-term debt is 14.6% and cash 1.3% of total assets. 72.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BDA Logistics Deinze | €1.2m | €353,288 | 27.2% | - |
| F & R Houthalen-Helchteren | €1.1m | €400,190 | 45.5% | 6.7 |
| Zümrüt Lokeren | €1.1m | €260,854 | 6.5% | - |
| KAHRO TRANS Ghent | €0.9m | €560,728 | 32.4% | - |
| DRL EXPRESS Braine-l'Alleud | €1.3m | €295,160 | 57.7% | 5.7 |
| DIVERSIA Asse | €1.0m | €313,600 | 8.0% | 2.7 |
| THE SWAP GROUP Machelen (Brab.) | €1.0m | €194,494 | 18.5% | 2.9 |
These companies have the same main activity as BDA Logistics: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €883,000 and €1.3m, founded between 2006 and 2011.
BDA Logistics files the micro format. That format states no turnover. The gross margin rose from €32,263 in 2011 to €353,288 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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