BS LOG
ActiveSummary
The computed 12-month bankruptcy probability of BS LOG is 3.3% (moderate). The 2025 annual accounts show equity of €3,673 and a net result of €8,546. Equity is growing by ~90.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 4695 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+69
Solvency29▲+29
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4695 sector peers (2025).
NBB · sector comparisonPosition among 4695 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
26 d late
2024
70 d late
2023
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 46 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€3,673
2024 · -€4,873
Total assets
€86,247▲ 2,429%
2024 · €3,410
Net result
€8,546
2024 · -€352
Working capital
-€31,252▼ 541%
2024 · -€4,873
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€6,873-€1,437€11,653▲ 711%
Net result-€9,521below the sector's middle half--€352within the sector's middle half▲ 96.3%€8,546within the sector's middle half
Equity-€4,521below the sector's middle half--€4,873below the sector's middle half▼ 7.8%€3,673below the sector's middle half
Total assets€9,583below the sector's middle half-€3,410below the sector's middle half▼ 64.4%€86,247within the sector's middle half▲ 2,429%
Debt€14,104-€8,283▼ 41.3%€82,574▲ 897%
Working capital-€4,521--€4,873▼ 7.8%-€31,252▼ 541%
Solvency-47.2%below the sector's middle half-4.3%below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 711% above 2024 and is the highest result in the available series.
Balance-sheet composition
Assets €86,247
Fixed assets
€48,825
Current assets
€37,422
Equity and liabilities €86,247
Equity
€3,673
Debt
€82,574
Debt finances 95.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€12,328
Cash flow
€9,221
Current ratio
0.54
Debt to equity
22.48
ROE
232.7%
ROA
9.9%
Interest coverage
23.08
Debt ≤ 1 year
€68,674▲
2024 · €8,283
Debt > 1 year
€13,900
Income taxes
€2,573▲
2024 · €56
Staff costs
€8,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €21,500 | - |
| Remuneration, social security and pensions62 | - | - | €8,819 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €675 | - |
| Other operating charges640/8 | €3,087 | €214 | €4,350 | ▲ 1,937% |
| Gross operating margin9900 | -€3,787 | €1,651 | €25,497 | ▲ 1,445% |
| Operating profit (loss)9901 | -€6,873 | €1,437 | €11,653 | ▲ 711% |
| Financial charges65/66B | €2,648 | €1,733 | €534 | ▼ 69.2% |
| Recurring financial charges65 | €2,648 | €1,733 | €534 | ▼ 69.2% |
| Profit (loss) for the period before taxes9903 | -€9,521 | -€296 | €11,119 | ▲ 3,859% |
| Income taxes67/77 | - | €56 | €2,573 | ▲ 4,487% |
| Profit (loss) for the period9904 | -€9,521 | -€352 | €8,546 | ▲ 2,529% |
| Profit (loss) for the period to be appropriated9905 | -€9,521 | -€352 | €8,546 | ▲ 2,529% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €9,583 | €3,410 | €86,247 | ▲ 2,429% |
| Fixed assets21/28 | - | - | €48,825 | - |
| Tangible fixed assets22/27 | - | - | €4,825 | - |
| Furniture and vehicles24 | - | - | €4,825 | - |
| Financial fixed assets28 | - | - | €44,000 | - |
| Current assets29/58 | €9,583 | €3,410 | €37,422 | ▲ 997% |
| Amounts receivable within one year40/41 | €9,583 | €53 | €9,329 | ▲ 17,459% |
| Trade receivables40 | €9,509 | €1 | €3,717 | ▲ 509,084% |
| Other amounts receivable41 | €74 | €52 | €5,612 | ▲ 10,610% |
| Cash at bank and in hand54/58 | - | €3,357 | €19,464 | ▲ 480% |
| Deferred charges and accrued income490/1 | - | - | €8,629 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €9,583 | €3,410 | €86,247 | ▲ 2,429% |
| Equity10/15 | -€4,521 | -€4,873 | €3,673 | ▲ 175% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€9,521 | -€9,873 | -€1,327 | ▲ 86.6% |
| Amounts payable17/49 | €14,104 | €8,283 | €82,574 | ▲ 897% |
| Amounts payable after more than one year17 | - | - | €13,900 | - |
| Financial debts170/4 | - | - | €13,900 | - |
| Amounts payable within one year42/48 | €14,104 | €8,283 | €68,674 | ▲ 729% |
| Current portion of amounts payable after more than one year42 | - | - | €10,200 | - |
| Financial debts43 | €5,006 | €5,006 | - | - |
| Credit institutions430/8 | €5,006 | €5,006 | - | - |
| Trade debts44 | €4,225 | €2,136 | €29,769 | ▲ 1,294% |
| Suppliers440/4 | €4,225 | €2,136 | €29,769 | ▲ 1,294% |
| Taxes, remuneration and social security45 | €4,874 | €939 | €11,321 | ▲ 1,106% |
| Taxes450/3 | €4,274 | €939 | €4,822 | ▲ 414% |
| Remuneration and social security454/9 | €600 | - | €6,499 | - |
| Other amounts payable47/48 | - | €202 | €17,385 | ▲ 8,514% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,521 | -€352 | €8,546 | ▲ 2,529% |
| + Depreciation and write-downs630 | - | - | €675 | - |
| Operating cash flow (approximation) | -€9,521 | -€352 | €9,221 | ▲ 2,721% |
| Change in cash | - | - | €16,108 | - |
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
Next filing, fiscal year 2026, expected by
2026
25-09
State Gazette act
Appointment: Kamil Bayat (director)Resignation: Arzu Donmaz (director) · Registered-office move3 facts ▸
State Gazette act
Appointment: Kamil Bayat (director)
Resignation: Arzu Donmaz (director) · Registered-office move3 facts ▸
- Registered-office move, Excelsiorlaan 85, 1930 Zaventem
- Director appointment, Kamil Bayat (director)
- Director resignation, Arzu Donmaz (director)
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Back to profitnet €8,546
Net result €8,546 after 2 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Kamil Bayat
CurrentDirector · since 23-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2022
Ground area
1,970 m²
Building footprint
454 m²
Volume, LiDAR
4,737 m³
Parcel 23094D0036/00L002, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
BS LOG
since 20222.339.515.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00L002 | Flanders | 1,970 m² | 1 · 454 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Kamil Bayat |
|
| Arzu Donmaz |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
OPTIMA TRANS
BE 0896.958.802
Genk · Eq €3,676
TBDA GROUP
BE 0798.237.348
Beveren-Kruibeke-Zwijndrecht · Eq €3,667
Business Monkey
BE 0773.477.604
Ham-sur-Heure-Nalinnes · Eq €3,683
DANSY
BE 0789.260.294
Tienen · Eq €3,660
SMART MOVE TRANS
BE 0834.065.287
Anderlecht · Eq €3,659
Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 2,270 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
Founded09-12-2022
Fiscal year end31-12
Trade name NL
BAY SPEED LOGISTICS
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794592623
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.