CGATE Logistics Belgium
ActiveSummary
The computed 12-month bankruptcy probability of CGATE Logistics Belgium is 3.2% (moderate). The 2024 annual accounts show negative equity (€-233k) and a net result of €-189k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 936 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
17
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-12
Solvency2▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.09 against 1.26 in 2023; short-term debt: 84.9% and cash: 9.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-23.4%
Return on assets
-18.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-233k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-05-2026, 284 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
284 d late
2023
482 d late
2022
220 d late
2021
85 d late
2020
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-233k▼ 426%
2023 · €-44k
2020: €26k
2021: €-72k
2022: €27k
2023: €-44k
2020 → 2024
Total assets
€998k▼ 20.9%
2023 · €1.26M
2020: €570k
2021: €784k
2022: €1.01M
2023: €1.26M
2020 → 2024
Net result
€-189k▼ 163%
2023 · €-72k
2020: €536
2021: €-98k
2022: €100k
2023: €-72k
2020 → 2024
Working capital
€77k▼ 68.2%
2023 · €243k
2020: €14k
2021: €242k
2022: €375k
2023: €243k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€-72k€27k€-44k€-233k▼ 426%
Operating result€17k-€-77k€128k€-59k€-159k▼ 169%
Net result€536-€-98k€100k€-72k€-189k▼ 163%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €159k in 2024 against €59k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €998k
Fixed assets
€74k ▼ 18.7%
Current assets
€924k ▼ 21.1%
Key figures and ratios
EBITDA
€-140k▼
2023 · €-44k
Cash flow
€-170k▼
2023 · €-57k
Solvency
-23.4%▼
2023 · -3.5%
Current ratio
1.09▼
2023 · 1.26
Debt to equity
-5.28▲
2023 · -29.43
ROA
-18.9%▼
2023 · -5.7%
Interest coverage
-5.93▼
2023 · -2.65
Debt
€1.23M▼
2023 · €1.31M
Debt ≤ 1 year
€847k▼
2023 · €928k
Debt > 1 year
€351k▲
2023 · €345k
Income taxes
€9k▲
2023 · €991
Staff costs
€560k▲
2023 · €536k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.26M€998k▼
Fixed assets21/28€90k€74k▼
Tangible fixed assets22/27€90k€74k▼
Furniture and vehicles24€90k€74k▼
Current assets29/58€1.17M€924k▼
Amounts receivable within one year40/41€901k€820k▼
Trade receivables40€855k€774k▼
Other amounts receivable41€46k€46k▲
Cash at bank and in hand54/58€264k€95k▼
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.26M€998k▼
Equity10/15€-44k€-233k▼
Contributions10/11€25k€25k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-72k€-261k▼
Amounts payable17/49€1.31M€1.23M▼
Amounts payable after more than one year17€345k€351k▲
Other amounts payable178/9€345k€351k▲
Amounts payable within one year42/48€928k€847k▼
Current portion of amounts payable after more than one year42€3k€3k=
Financial debts43€103€103=
Credit institutions430/8€103€103=
Trade debts44€840k€737k▼
Suppliers440/4€840k€737k▼
Taxes, remuneration and social security45€85k€107k▲
Taxes450/3€12k€32k▲
Remuneration and social security454/9€73k€75k▲
Accrued charges and deferred income492/3€33k€33k=
Income statement
Code20232024
Remuneration, social security and pensions62€536k€560k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€19k▲
Other operating charges640/8€4k€1k▼
Gross operating margin9900€497k€422k▼
Operating profit (loss)9901€-59k€-159k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€17k€24k▲
Recurring financial charges65€17k€24k▲
Profit (loss) for the period before taxes9903€-71k€-180k▼
Income taxes67/77€991€9k▲
Profit (loss) for the period9904€-72k€-189k▼
Profit (loss) for the period to be appropriated9905€-72k€-189k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-72k€-261k▼
Profit (loss) brought forward from the previous period14P€0€-72k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90877.66.6▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 284 days late
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 482 days late
2024
31-12
Financial
Weakest financial yearnet €-189k
Net result drops to €-189k, the lowest in the series.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 220 days late
2022
31-12
Financial
Back to profitnet €100k
Net result €100k after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2019
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.
Oudeleeuwenrui 192000 AntwerpenGround area
928 m²
Building footprint
11 m²
Volume, LiDAR
103 m³
Parcel 11802B0074/00F000, Flanders · tallest building 15.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CGATE Logistics Belgium
since 20192.296.612.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0074/00F000 | Flanders | 928 m² | 1 · 11 m² | 15.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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GIASC
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MD DISTRIBUTION
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CATCH CONCEPT
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Of 3,190 companies in sector 52250 we hold annual accounts for 1,955. 969 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
52220Warehousing and support activities for transportation
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.