BONGAERTS LOGISTICS
Open bankruptcyFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (8 days) Filed on 8 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00334470.
Equity
-€438,097▲ 20.1%
2022 · -€548,369
Total assets
€1.0m▼ 31.3%
2022 · €1.5m
Net result
€110,272▲ 420%
2022 · €21,205
Working capital
-€308,730▼ 16.3%
2022 · -€265,442
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 64% above 2022 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2023
Net result€0.1m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2023
Equity-€0.4m
2023
Debt€1.5m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)10.7%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-42.6%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.74
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)19.2
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€0.2m-€0.1m-€0.2m-€0.1m▲ 16.3%€0.1m€0.2m▲ 64.0%
Net result-€0.2m-€0.07m-€0.2mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 11.1%€0.02mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 420%
Equity-€0.4m--€0.3m▲ 17.3%-€0.6mbelow the sector's middle half▼ 69.4%-€0.6mbelow the sector's middle half▼ 0.9%-€0.5mbelow the sector's middle half▲ 3.7%-€0.4mbelow the sector's middle half▲ 20.1%
Total assets€1.2m-€1.8m▲ 42.3%€1.8mwithin the sector's middle half▲ 2.6%€1.6mwithin the sector's middle half▼ 10.6%€1.5mwithin the sector's middle half▼ 7.1%€1.0mwithin the sector's middle half▼ 31.3%
Debt€1.6m-€2.1m▲ 27.6%€2.4m▲ 13.3%€2.2m▼ 7.8%€2.0m▼ 6.2%€1.5m▼ 28.3%
Working capital-€0.5m--€0.3m▲ 35.9%-€0.4mbelow the sector's middle half▼ 16.7%-€0.4mbelow the sector's middle half▼ 0.8%-€0.3mbelow the sector's middle half▲ 34.2%-€0.3mbelow the sector's middle half▼ 16.3%
Solvency-32.6%--19.0%▲ 13.7pp-31.3%below the sector's middle half▼ 12.3pp-35.3%below the sector's middle half▼ 4.0pp-36.6%below the sector's middle half▼ 1.3pp-42.6%below the sector's middle half▼ 6.0pp
Current ratio0.58-0.73▲ 0.150.73below the sector's middle half▼ 0.010.72below the sector's middle half=0.81below the sector's middle half▲ 0.090.74below the sector's middle half▼ 0.08
Return on assets (ROA)-19.5%-4.0%▲ 23.5pp-12.8%below the sector's middle half▼ 16.8pp-12.7%below the sector's middle half▲ 0.1pp1.4%within the sector's middle half▲ 14.1pp10.7%above the sector's middle half▲ 9.3pp
Staff (FTE)17.9-22.2▲ 24.0%24.2above the sector's middle half▲ 9.0%23.8above the sector's middle half▼ 1.7%23.3above the sector's middle half▼ 2.1%19.2above the sector's middle half▼ 17.6%
above
within
below
the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.0m
Fixed assets
€156,488 ▼ 53.7%
Current assets
€872,603 ▼ 24.8%
Equity and liabilities
Equity-€438,097
Debt€1.5m
Equity is negative: debt (€1.5m) exceeds the balance-sheet total (€1.0m).
Key figures and ratios
EBITDA
€362,555▲
2022 · €136,830
Cash flow
€273,108▲
2022 · €36,252
Quick ratio
0.71▼
2022 · 0.80
Interest coverage
4.04▲
2022 · 1.37
Debt ≤ 1 year
€1.2m▼
2022 · €1.4m
Debt > 1 year
€285,855▼
2022 · €588,002
Income taxes
€1,529▲
2022 · €357
Staff costs
€1.0m▼
2022 · €1.2m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.01m | €0.1m | €0.1m | ▲ 0.2% |
| Remuneration, social security and pensions62 | - | - | - | €1.3m | €1.2m | €1.0m | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.02m | €0.2m | ▲ 982% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.2m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.3m | €0.3m | ▼ 7.2% |
| Non-recurring operating charges66A | - | - | - | €0.007m | €0.05m | €0 | ▼ 100% |
| Gross operating margin9900 | €0.9m | €1.4m | €1.3m | €1.4m | €1.9m | €1.7m | ▼ 11.2% |
| Operating profit (loss)9901 | -€0.2m | €0.1m | -€0.2m | -€0.1m | €0.1m | €0.2m | ▲ 64.0% |
| Financial income75/76B | - | - | - | - | €4 | €0.002m | ▲ 48,878% |
| Recurring financial income75 | €109 | €1 | - | - | €4 | €0.002m | ▲ 48,878% |
| Financial charges65/66B | - | - | - | €0.07m | €0.1m | €0.09m | ▼ 10.4% |
| Recurring financial charges65 | €0.04m | €0.05m | €0.07m | €0.07m | €0.1m | €0.09m | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.07m | -€0.2m | -€0.2m | €0.02m | €0.1m | ▲ 419% |
| Income taxes67/77 | €209 | €143 | €145 | €380 | €357 | €0.002m | ▲ 328% |
| Profit (loss) for the period9904 | -€0.2m | €0.07m | -€0.2m | -€0.2m | €0.02m | €0.1m | ▲ 420% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €0.07m | -€0.2m | -€0.2m | €0.02m | €0.1m | ▲ 420% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.2m | €1.8m | €1.8m | €1.6m | €1.5m | €1.0m | ▼ 31.3% |
| Fixed assets21/28 | €0.5m | €0.8m | €0.7m | €0.6m | €0.3m | €0.2m | ▼ 53.7% |
| Tangible fixed assets22/27 | €0.5m | €0.8m | €0.7m | €0.6m | €0.3m | €0.2m | ▼ 53.8% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.05m | €0.04m | ▼ 19.7% |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.08m | €0.06m | ▼ 24.8% |
| Leasing and similar rights25 | - | - | - | €0.4m | €0.2m | €0.05m | ▼ 75.1% |
| Other tangible fixed assets26 | - | - | - | €0.03m | €0.02m | €0.01m | ▼ 32.8% |
| Financial fixed assets28 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.7m | €0.9m | €1.1m | €1.1m | €1.2m | €0.9m | ▼ 24.8% |
| Stocks and contracts in progress3 | - | - | - | - | €0.01m | €0.03m | ▲ 104% |
| Stocks30/36 | - | - | - | - | €0.01m | €0.03m | ▲ 104% |
| Amounts receivable within one year40/41 | €0.6m | €0.9m | €0.9m | €0.9m | €1.0m | €0.8m | ▼ 21.6% |
| Trade receivables40 | - | - | - | €0.4m | €0.4m | €0.2m | ▼ 41.9% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.6m | €0.5m | ▼ 8.0% |
| Current investments50/53 | €0.005m | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 71.2% |
| Cash at bank and in hand54/58 | €0.03m | €0.009m | €0.01m | €0.04m | €0.06m | €0.03m | ▼ 43.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.1m | €0.02m | ▼ 82.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.2m | €1.8m | €1.8m | €1.6m | €1.5m | €1.0m | ▼ 31.3% |
| Equity10/15 | -€0.4m | -€0.3m | -€0.6m | -€0.6m | -€0.5m | -€0.4m | ▲ 20.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Non-distributable reserves130/1 | - | - | - | €250 | €250 | €250 | = |
| Legal reserve130 | - | - | - | €250 | €250 | €250 | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.4m | -€0.6m | -€0.8m | -€0.8m | -€0.7m | ▲ 13.6% |
| Amounts payable17/49 | €1.6m | €2.1m | €2.4m | €2.2m | €2.0m | €1.5m | ▼ 28.3% |
| Amounts payable after more than one year17 | €0.3m | €0.8m | €0.9m | €0.7m | €0.6m | €0.3m | ▼ 51.4% |
| Financial debts170/4 | - | - | - | €0.7m | €0.6m | €0.3m | ▼ 51.4% |
| Amounts payable within one year42/48 | €1.3m | €1.3m | €1.5m | €1.5m | €1.4m | €1.2m | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.6m | €0.5m | ▼ 20.6% |
| Financial debts43 | - | - | - | €0.3m | €0.2m | €0.2m | ▲ 1.9% |
| Credit institutions430/8 | - | - | - | €0.3m | €0 | €0.003m | - |
| Other loans439 | - | - | - | - | €0.2m | €0.2m | = |
| Trade debts44 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 5.4% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.4m | ▼ 5.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.2m | ▼ 33.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.08m | €0.07m | ▼ 20.7% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.1m | ▼ 39.3% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.007m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.03m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€240,860 | €69,756 | -€231,103 | -€205,344 | €21,205 | €110,272 | ▲ 420% |
| + Depreciation and write-downs630 | €174,092 | €241,615 | €245,597 | €234,037 | €15,047 | €162,836 | ▲ 982% |
| Operating cash flow (approximation) | -€66,768 | €311,371 | €14,494 | €28,693 | €36,252 | €273,108 | ▲ 653% |
| Investment in fixed assets (approximation) | - | -€557,201 | -€176,696 | -€45,550 | €199,031 | €18,715 | ▼ 90.6% |
| Change in cash | - | -€16,972 | €5,601 | €23,475 | €23,491 | -€26,849 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 08-08-2024 | 2024-00334470 |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00367086 |
| 31-12-2021 | abbreviated format | 21-10-2022 | 2022-20469372 |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-55300551 |
| 31-12-2019 | abbreviated format | 27-08-2020 | 2020-46000228 |
| 31-12-2018 | abbreviated format | 20-08-2019 | 2019-47800332 |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-49900328 |
| 31-12-2016 | abbreviated format | 18-08-2017 | 2017-46300296 |
| 31-12-2015 | abbreviated format | 12-08-2016 | 2016-42800576 |
| 31-12-2014 | abbreviated format | 12-08-2015 | 2015-42800389 |
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Of the 12,356 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,198. 2,408 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €951 awarded · €790 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €353 | €353 |
| 2023 | 1 | €598 | €437 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.