BRLOGISTICS
Open bankruptcySummary
A bankruptcy procedure is open for BRLOGISTICS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €496k and a net result of €50k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€496k▲ 11.3%
2021 · €446k
2019: €742k
2020: €895k▲ +20.6% vs 2019highest in 4 years
2021: €446k▼ -50.2% vs 2020lowest in 4 years
2022: €496k▲ +11.3% vs 2021
2019 → 2022
Total assets
€1.08M▼ 14.5%
2021 · €1.26M
2019: €1.56M
2020: €1.76M▲ +12.7% vs 2019highest in 4 years
2021: €1.26M▼ -28.4% vs 2020
2022: €1.08M▼ -14.5% vs 2021lowest in 4 years
2019 → 2022
Net result
€50k
2021 · €-449k
2019: €408khighest in 4 years
2020: €153k▼ -62.6% vs 2019
2021: €-449k▼ -394% vs 2020lowest in 4 years
2022: €50k▲ +111% vs 2021
2019 → 2022
Working capital
€-69k▲ 50.3%
2021 · €-140k
2019: €331k
2020: €457k▲ +37.8% vs 2019highest in 4 years
2021: €-140k▼ -131% vs 2020lowest in 4 years
2022: €-69k▲ +50.3% vs 2021
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€742k-€895k▲ 20.6%€446k▼ 50.2%€496k▲ 11.3%
2019: €742k
2020: €895k▲ +20.6% vs 2019highest in 4 years
2021: €446k▼ -50.2% vs 2020lowest in 4 years
2022: €496k▲ +11.3% vs 2021
Operating result€570k-€214k▼ 62.4%€-436k€62k
2019: €570khighest in 4 years
2020: €214k▼ -62.4% vs 2019
2021: €-436k▼ -304% vs 2020lowest in 4 years
2022: €62k▲ +114% vs 2021
Net result€408k-€153k▼ 62.6%€-449k€50k
2019: €408khighest in 4 years
2020: €153k▼ -62.6% vs 2019
2021: €-449k▼ -394% vs 2020lowest in 4 years
2022: €50k▲ +111% vs 2021
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €62k after a loss of €436k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.08M
Fixed assets
€886k ▼ 5.5%
Current assets
€193k ▼ 40.6%
Equity and liabilities €1.08M
Equity
€496k ▲ 11.3%
Debt
€583k ▼ 28.6%
Debt's share of the balance-sheet total falls from 64.7% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€234k▲
2021 · €-278k
Cash flow
€223k▲
2021 · €-291k
Current ratio
0.74▲
2021 · 0.70
Quick ratio
0.71▲
2021 · 0.68
Debt to equity
1.17▼
2021 · 1.83
ROE
10.2%▲
2021 · -100.6%
ROA
4.7%▲
2021 · -35.5%
Interest coverage
20.26▲
2021 · -21.33
Debt ≤ 1 year
€262k▼
2021 · €464k
Debt > 1 year
€320k▼
2021 · €352k
Income taxes
€0=
2021 · €0
Staff costs
€759k▼
2021 · €787k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 62 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.26M€1.08M▼
Formation expenses20€0€0=
Fixed assets21/28€938k€886k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€879k€827k▼
Land and buildings22€689k€654k▼
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€175k€162k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€0€0=
Assets under construction and advance payments27-€0
Financial fixed assets28€59k€59k=
Current assets29/58€325k€193k▼
Amounts receivable after more than one year29€125k€129k▲
Trade receivables290€125k€129k▲
Other amounts receivable291€0€0=
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Contracts in progress37€0-
Amounts receivable within one year40/41€128k€36k▼
Trade receivables40€128k€36k▼
Other amounts receivable41-€0
Current investments50/53€0€0=
Cash at bank and in hand54/58€53k€18k▼
Deferred charges and accrued income490/1€11k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.08M▼
Equity10/15€446k€496k▲
Contributions10/11€12k€12k=
Reserves13€729k€729k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€728k€728k=
Profit (loss) carried forward14€-296k€-245k▲
Investment grants15€0-
Amounts payable17/49€816k€583k▼
Amounts payable after more than one year17€352k€320k▼
Financial debts170/4€352k€320k▼
Amounts payable within one year42/48€464k€262k▼
Current portion of amounts payable after more than one year42€31k€2k▼
Trade debts44€84k€0▼
Suppliers440/4€84k€0▼
Taxes, remuneration and social security45€296k€189k▼
Taxes450/3€237k€147k▼
Remuneration and social security454/9€59k€42k▼
Other amounts payable47/48€53k€71k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20212022
Remuneration, social security and pensions62€787k€759k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€157k€172k▲
Gross operating margin9900€509k€993k▲
Operating profit (loss)9901€-436k€62k▲
Financial income75/76B-€11
Recurring financial income75-€11
Non-recurring financial income76B-€11
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€-449k€50k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€-449k€50k▲
Profit (loss) for the period to be appropriated9905€-449k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-296k€-245k▲
Profit (loss) brought forward from the previous period14P€153k€-296k▼
Social balance
Average headcount (FTE)908729.026.0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €787k | €759k | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €109k | €112k | €157k | €172k | ▲ 9.5% |
| Gross operating margin9900 | €1.20M | €915k | €509k | €993k | ▲ 95.1% |
| Operating profit (loss)9901 | €570k | €214k | €-436k | €62k | ▲ 114% |
| Financial income75/76B | - | - | - | €11 | - |
| Recurring financial income75 | - | - | - | €11 | - |
| Non-recurring financial income76B | - | - | - | €11 | - |
| Financial charges65/66B | - | - | €13k | €12k | ▼ 11.3% |
| Recurring financial charges65 | €12k | €13k | €13k | €12k | ▼ 11.3% |
| Profit (loss) for the period before taxes9903 | €558k | €201k | €-449k | €50k | ▲ 111% |
| Income taxes67/77 | €150k | €48k | €0 | €0 | - |
| Profit (loss) for the period9904 | €408k | €153k | €-449k | €50k | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €408k | €153k | €-449k | €50k | ▲ 111% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.56M | €1.76M | €1.26M | €1.08M | ▼ 14.5% |
| Formation expenses20 | - | - | €0 | €0 | - |
| Fixed assets21/28 | €843k | €821k | €938k | €886k | ▼ 5.5% |
| Intangible fixed assets21 | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €840k | €802k | €879k | €827k | ▼ 5.9% |
| Land and buildings22 | - | - | €689k | €654k | ▼ 5.1% |
| Plant, machinery and equipment23 | - | - | €14k | €11k | ▼ 24.0% |
| Furniture and vehicles24 | - | - | €175k | €162k | ▼ 7.3% |
| Leasing and similar rights25 | - | - | €0 | €0 | - |
| Other tangible fixed assets26 | - | - | €0 | €0 | - |
| Assets under construction and advance payments27 | - | - | - | €0 | - |
| Financial fixed assets28 | €3k | €19k | €59k | €59k | = |
| Current assets29/58 | €720k | €942k | €325k | €193k | ▼ 40.6% |
| Amounts receivable after more than one year29 | - | - | €125k | €129k | ▲ 2.9% |
| Trade receivables290 | - | - | €125k | €129k | ▲ 2.9% |
| Other amounts receivable291 | - | - | €0 | €0 | - |
| Stocks and contracts in progress3 | €5k | €7k | €7k | €7k | = |
| Stocks30/36 | - | - | €7k | €7k | = |
| Contracts in progress37 | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €200k | €237k | €128k | €36k | ▼ 72.1% |
| Trade receivables40 | - | - | €128k | €36k | ▼ 72.1% |
| Other amounts receivable41 | - | - | - | €0 | - |
| Current investments50/53 | - | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €23k | €107k | €53k | €18k | ▼ 66.8% |
| Deferred charges and accrued income490/1 | - | - | €11k | €3k | ▼ 71.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.56M | €1.76M | €1.26M | €1.08M | ▼ 14.5% |
| Equity10/15 | €742k | €895k | €446k | €496k | ▲ 11.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | = |
| Reserves13 | €322k | €729k | €729k | €729k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | = |
| Distributable reserves133 | - | - | €728k | €728k | = |
| Profit (loss) carried forward14 | €408k | €153k | €-296k | €-245k | ▲ 17.1% |
| Investment grants15 | - | - | €0 | - | - |
| Amounts payable17/49 | €821k | €868k | €816k | €583k | ▼ 28.6% |
| Amounts payable after more than one year17 | €433k | €383k | €352k | €320k | ▼ 9.0% |
| Financial debts170/4 | - | - | €352k | €320k | ▼ 9.0% |
| Amounts payable within one year42/48 | €389k | €485k | €464k | €262k | ▼ 43.5% |
| Current portion of amounts payable after more than one year42 | - | - | €31k | €2k | ▼ 92.0% |
| Trade debts44 | €5k | €20k | €84k | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €84k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €296k | €189k | ▼ 36.2% |
| Taxes450/3 | - | - | €237k | €147k | ▼ 38.2% |
| Remuneration and social security454/9 | - | - | €59k | €42k | ▼ 28.3% |
| Other amounts payable47/48 | - | - | €53k | €71k | ▲ 33.3% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €408k | €153k | €-449k | €50k | ▲ 111% |
| + Depreciation and write-downs630 | €109k | €112k | €157k | €172k | ▲ 9.5% |
| Operating cash flow (approximation) | €516k | €265k | €-291k | €223k | ▲ 177% |
| Investment in fixed assets (approximation) | - | €-90k | €-274k | €-121k | ▲ 55.9% |
| Change in cash | - | €84k | €-54k | €-35k | ▲ 34.1% |
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
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 282 days late
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 647 days late
16-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 10-01-2023
2022
31-03
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 244 days late
13-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 530 days late
31-03
Financial
Weakest financial yearnet €-449k
Net result drops to €-449k, the lowest in the series.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 872 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1200 days late
2016
25-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2015
27-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Maaseik · 1 establishment unit since 2013
Ground area
8,841 m²
Building footprint
1,331 m²
Volume, LiDAR
1,172 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BRLOGISTICS
since 20132.216.910.452
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00Z036 | Flanders | 7,731 m² | 1 · 1,180 m² | 2.2 m |
| 72024A1805/00_000 | Flanders | 1,110 m² | 1 · 151 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GERRY BANKEN GROTESTRAAT 122, 3600 GENK- |
10-01-2023 → present |
| Curator | ELISABETH VANBERGEN GROTE-
STRAAT 122, 3600 GENK |
10-01-2023 → present |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 15,404 EUR awarded · 15,404 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 48 EUR | 48 EUR |
| 2023 | 1 | 2,022 EUR | 2,022 EUR |
| 2022 | 1 | 13,334 EUR | 13,334 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 5,227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-2013
Fiscal year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.