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CARGOLOGIN

Open bankruptcy
Public limited companyfounded 2010KBO/BCE: BE 0832.013.936

A bankruptcy procedure is open for CARGOLOGIN according to publications in the Belgian State Gazette; curator: THOMAS DEBAENE. The 2022 annual accounts show equity of €384k and a net result of €-324k.

Signals

Three signals.
+raises riskneutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2022, abbreviated schema

Turnover
€14.29M▼ 6.4%
2021 · €15.28M
2018: €13.74M 2019: €13.80M 2020: €8.02M 2021: €15.28M
2018 → 2022
EBIT margin
-1.8%▼ 2.3pp
2021 · 0.5%
2018: 0.5% 2019: 0.1% 2020: 0.2% 2021: 0.5%
2018 → 2022
Net result
€-324k▼ 3,343%
2021 · €-9k
2018: €8k 2019: €-54k 2020: €-62k 2021: €-9k
2018 → 2022
Working capital
€1.71M▼ 15.9%
2021 · €2.03M
2018: €1.19M 2019: €1.41M 2020: €540k 2021: €2.03M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20182019202020212022Trend
Turnover€13.74M-€13.80M▲ 0.4%€8.02M▼ 41.8%€15.28M▲ 90.4%€14.29M▼ 6.4%
Equity€833k-€779k▼ 6.5%€717k▼ 8.0%€707k▼ 1.3%€384k▼ 45.8%
Operating result€69k-€17k▼ 76.1%€15k▼ 8.6%€72k▲ 375%€-258k
Net result€8k-€-54k€-62k▼ 15.8%€-9k▲ 84.9%€-324k▼ 3,343%
Result per fiscal year
Operating resultNet result
€-400k€-300k€-200k€-100k€0€100kOperating result 2018: €69k€69kNet result 2018: €8k€8kOperating result 2019: €17k€17kNet result 2019: €-54k€-54kOperating result 2020: €15k€15kNet result 2020: €-62k€-62kOperating result 2021: €72k€72kNet result 2021: €-9k€-9kOperating result 2022: €-258k€-258kNet result 2022: €-324k€-324k20182019202020212022
The operating result turns negative in 2022: a loss of €258k after €72k in 2021, the lowest year so far.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4.41M
Fixed assets €87k▼ 54.5%
Current assets €4.32M▼ 3.4%
Equity and liabilities €4.41M
Equity €384k▼ 45.8%
Debt €4.02M▲ 1.7%
The debt ratio rises from 84.8% to 91.3%: debt grows while equity shrinks.
Key figures and ratios
2022 value · change against 2021
EBITDA
€-215k
2021 · €134k
Cash flow
€-280k
2021 · €53k
Solvency
8.7%
2021 · 15.2%
Current ratio
1.66
2021 · 1.83
Quick ratio
1.66
2021 · 1.83
Debt / equity
10.49
2021 · 5.59
ROE
-84.4%
2021 · -1.3%
ROA
-7.3%
2021 · -0.2%
Interest coverage
-2.32
2021 · 1.64
Debt
€4.02M
2021 · €3.96M
Debt ≤ 1 year
€2.61M
2021 · €2.44M
Debt > 1 year
€1.41M
2021 · €1.52M
Staff costs
€360k
2021 · €789k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet Code20212022
Assets
Total assets20/58€4.66M€4.41M
Fixed assets21/28€191k€87k
Intangible fixed assets21€54k-
Tangible fixed assets22/27€136k€86k
Plant, machinery and equipment23€2k-
Furniture and vehicles24€40k€13k
Leasing and similar rights25€10k€10k=
Other tangible fixed assets26€83k€63k
Financial fixed assets28€1k€1k=
Current assets29/58€4.47M€4.32M
Amounts receivable within one year40/41€4.08M€4.28M
Trade receivables40€3.87M€2.37M
Other amounts receivable41€211k€1.91M
Cash at bank and in hand54/58€97k€28k
Deferred charges and accrued income490/1€299k€9k
Equity and liabilities
Total equity and liabilities10/49€4.66M€4.41M
Equity10/15€707k€384k
Contributions10/11€975k€975k=
Capital10€975k€975k=
Issued capital100€975k€975k=
Reserves13€50k€50k=
Non-distributable reserves130/1€40k€40k=
Legal reserve130€40k€40k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-318k€-641k
Amounts payable17/49€3.96M€4.02M
Amounts payable after more than one year17€1.52M€1.41M
Financial debts170/4€3k-
Other amounts payable178/9€1.51M€1.41M
Amounts payable within one year42/48€2.44M€2.61M
Current portion of amounts payable after more than one year42€6k€3k
Financial debts43€687k€637k
Credit institutions430/8€687k€637k
Trade debts44€1.63M€1.91M
Suppliers440/4€1.63M€1.91M
Taxes, remuneration and social security45€113k€54k
Taxes450/3€15k€34k
Remuneration and social security454/9€98k€21k
Income statement Code20212022
Turnover70€15.28M€14.29M
Non-recurring operating income76A-€1.63M
Goods, raw materials, services and sundry goods60/61€14.30M€15.61M
Remuneration, social security and pensions62€789k€360k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€44k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€46k€159k
Other operating charges640/8€20k€25k
Non-recurring operating charges66A€1k-
Gross operating margin9900€991k€330k
Operating profit (loss)9901€72k€-258k
Financial income75/76B€12k€27k
Recurring financial income75€12k€27k
Financial charges65/66B€82k€92k
Recurring financial charges65€82k€92k
Profit (loss) for the period before taxes9903€2k€-324k
Income taxes67/77€11k-
Profit (loss) for the period9904€-9k€-324k
Profit (loss) for the period to be appropriated9905€-9k€-324k
Appropriation of the result
Profit (loss) to be appropriated9906€-318k€-641k
Profit (loss) brought forward from the previous period14P€-308k€-318k
Social balance
Average headcount (FTE)908714.816.1

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2024
05-06
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · CARGOLOGIN NV HAIFA- STRAAT 8, 2030 ANTWERPEN 3 · event 30-05-2024
07-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 220 days late
07-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 585 days late
07-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 950 days late
2022
31-12
Financial Weakest financial yearnet €-324k
Net result drops to €-324k, the lowest in the series.
2020
30-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 122 days late
04-03
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 217 days late
2019
05-02
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 189 days late
2017
30-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
25-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
31-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
11 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
2 establishment units since 2011
establishment All 2 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area
5,469 m²
Building footprint
2,839 m²
Volume, LiDAR
578 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
CARGOLOGIN - CGLI
Air transport
since 20112.195.592.327
CARGOLOGIN - CGLI
Kwaplasstraat 28, 8820 TorhoutAir transport
since 20112.198.704.542
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11807G1683/00C000 Flanders 4,911 m² 1 · 2,729 m² -
31522D0846/00Z000 Flanders 558 m² 1 · 110 m² 7.8 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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

1 mandate
Role Name Tenure
Curator THOMAS DEBAENE
KONINKLIJKE LAAN 60, 2600 BERCHEM (ANTWERPEN)
30-05-2024 → present

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 496 EUR awarded · 496 EUR paid
Year Entries awardedpaid
2022 1 496 EUR496 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
1 entry · 496 EUR · 496 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,177 companies in sector 52250 we hold annual accounts for 1,945. 1,417 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded16-12-2010
Fiscal year end31-12
Trade name NL Carlogistix
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
52100Warehousing and storage
52249Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.