Equity
€265,516 from €1.1m in 2021
Equity fell by 75% in 4 years.
Xwift Logistics
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2005peak €346,247 (2016)
-€9,068▼ €54,035
lowest -€393,980 (2022)
-€310,558▼ €271,473
peak €1.1m (2021)
€265,516▼ 53.9%
€1.5m▲ 168%
peak 0 FTE (2025)
0 FTE
Board4 names since 2020
1 directorPieter DENYS
Owners
100%INBOX
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Gross margin from €44,967 to -€9,068Loss of €310,558Demerger proposal: XWIFT splits off to XWIFT LOGISTICS 30-12Appointment: Moore Audit (statutory auditor) 09-01Equity from €576,074 to €265,516Debts from €546,248 to €1.5m
Key points
from the 2025 annual accountsLosses
-€794,464 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€1.5m 85% of the balance sheet
Financial debts 18%Suppliers 7%Other 75%
Investments
€604,642 8.0 × depreciation
Green is investment, beige is depreciation.
Filings
21 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€310,558
Lower net result than 95% of companies in warehousing and transport support. Sector median €31,692 · 887 companies.
Turnover not published (abbreviated or micro format)
Checked score
51
Fair
Financially stronger than 15% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.2%▼ -0.1 percentage points vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 2.1%▲ +1.6 percentage points vs 09-2026highest value
11-2026: 2.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €310,558, the second in a row (financial year 2025)
Last filed accounts filed 61 days late; 2 of the last 3 accounts late
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Size: total assets €1.7m
Calculation
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, micro). It does better than 25% of them on solvency, 19% on liquidity, 5% on profitability and 9% 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 307 companies had the same profile as Xwift Logistics has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Xwift Logistics itself: 2.1% within 12 months.
Test of the method
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 307 companies, not a prediction for Xwift 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.
Credit verdict
Credit of up to €13,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.23 (0.38 in 2024), below 1. Short-term debt is 84.7% and cash 17.1% of total assets. 84.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€310,558
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
20 days early
2023
89 days late
2022
78 days early
2021
54 days early
2020
75 days early
2019
123 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (3 of the last 3 accounts filed within 81 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866536830
Appointment: Moore Audit (statutory auditor)
Permanent representative: Wim Rutsaert · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 1 more · Lokeren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Xwift Logistics Lokeren | - | - | 15.3% | 0 |
| TRANSPORT MAES MIKE Zonhoven | - | - | 97.4% | - |
| RALTON Trading & Forwarding Antwerp | - | - | 14.6% | - |
| INTERFACE TERMINAL GENT Ghent | €2.1m | -12.1% | -24.1% | 0.2 |
| NIEUWE HOOP NATIE Antwerp | - | - | 93.5% | - |
| AVELGEM CONTAINER TERMINAL Tournai | - | - | -124.1% | 4.7 |
| Transport Service Logistics Belgium Antwerp | €3.6m | 1.8% | 5.5% | 2.7 |
These companies have the same main activity as Xwift Logistics: warehousing and support activities for transportation (NACE 52249). They are comparable in size and age: total assets between €399,000 and €2.4m, founded between 1990 and 2014.
Official details
Source: KBO- Status
- Active since 27-07-2004Normal situation
- Activity
- Warehousing and support activities for transportationNACE 52249and 2 others
- Establishment unit
- 2.138.893.7489160 Lokeren, since 27-08-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on Xwift Logistics
Xwift Logistics files the abbreviated format. That format states no turnover. The gross margin fell from €95,822 in 2007 to -€9,068 in 2025.
The balance sheet grew most in 2025 through fixed assets.
INBOX holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Xwift Logistics
- What is the company number of Xwift Logistics?
- The company number of Xwift Logistics is 0866.536.830. The VAT number is the same number with BE in front: BE 0866.536.830.
- Where is Xwift Logistics based?
- The registered office is at Dijkstraat 10, 9160 Lokeren.Company details
- What does Xwift Logistics do?
- According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
- What is the legal form of Xwift Logistics?
- Xwift Logistics is a private limited company (BV).
- When was Xwift Logistics founded?
- Xwift Logistics was founded on 27-07-2004.
- Is Xwift Logistics still active?
- Yes, Xwift Logistics is an active enterprise in the KBO register.
- What is the turnover of Xwift Logistics?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is Xwift Logistics profitable?
- In financial year 2025, Xwift Logistics made a loss of €310,558.
- Where can I find the annual accounts of Xwift Logistics?
- Xwift Logistics filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Xwift Logistics due?
- Xwift Logistics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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