Equity
Debts exceed assets in financial year 2024.
Debts exceed assets in financial year 2024.
From profit to loss in 2024, after a profit of €33,385 in 2023.
The micro format states no turnover.
Of this, €260,436 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 54.6% higher than in 2023.
Lower net result than 95% of companies in warehousing and transport support. Sector median €9,244 · 1,283 companies.
The dashed line is the sector median: 0.4% across 596 companies (NACE 52, small).
About 3 in 100 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 52, small). It does better than 9% of them on solvency, 55% on liquidity, 16% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,251 companies had the same profile as BOX-LOG has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BOX-LOG itself is higher: 2.8% within 12 months. It rests on far more data about BOX-LOG than the profile alone.
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 1,251 companies, not a prediction for BOX-LOG. 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 0.26 (0.57 in 2023), below 1. Short-term debt is 12.3% and cash 0.6% of total assets. Equity is negative.
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 2 accounts on average 28 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BOX-LOG Thuin | €2.1m | €95,704 | -2.0% | - |
| RACM IMMO Seraing | €1.5m | €106,009 | 4.0% | - |
| BELIËN RECYCLING Pelt | €1.4m | €101,163 | 12.7% | - |
| Immo 25 juin Braine-l'Alleud | €1.5m | €111,987 | 1.2% | - |
| STORO I BV Brecht | €4.5m | €147,575 | 16.5% | - |
| DWH INVEST Pont-à-Celles | €1.1m | €47,249 | 19.2% | - |
| BRYEPOM Fleurus | €1.2m | €181,148 | 38.3% | - |
These companies have the same main activity as BOX-LOG: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €1.1m and €4.5m, founded between 2020 and 2024.
The balance sheet grew most in 2024 through fixed assets, financed with long-term debt.
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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