CORRECT LOGISTICS

Active

Private limited companyfounded 201511 yrs activeKarel Martelstraat 23, 3920 Lommel, BelgiumKBO/BCE: BE 0628.434.294

Summary

CORRECT LOGISTICS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,335 and a net result of -€6,385. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 73% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

CORRECT LOGISTICSActiveChecked score 63/100

Risk analysis Report Compare

Checked score

Score 2025

63 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability8▼-26

Solvency100=

Growth32▼-46

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3,500 at 30 days acceptable

Liquidity ample (current ratio 2.91 against 3.17 in 2024; short-term debt: 22.9% and cash: 4.3% of total assets), and 22.9% of the assets are financed with debt.

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Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Activities of head offices; management consultancy activities (NACE 70)

about 69% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

77.1%

Return on assets

-8.7%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

30 d early

2024

48 d early

2023

27 d late

2022

30 d late

2021

30 d early

2020

9 d early

2019

17 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

26-09-2026 today31-12-2026 close31-07-2027 deadline

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

History

On 8 April 2015, CORRECT LOGISTICS was incorporated.¹ Total assets went from EUR 70,441 in 2018 to EUR 73,073 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity

€56,335▼ 10.2%

2024 · €62,720

Total assets

€73,073▼ 8.5%

2024 · €79,878

Net result

-€6,385

2024 · €2,357

Working capital

€32,046▼ 14.0%

2024 · €37,280

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€32,538▲ 302%€8,447▼ 74.0%-€26,025€6,791-€2,709

Net result€20,452▲ 236%€6,674▼ 67.4%€12,448▲ 86.5%€2,357▼ 81.1%-€6,385

Equity€79,058▲ 15.2%€63,914▼ 19.2%€76,363▲ 19.5%€62,720▼ 17.9%€56,335▼ 10.2%

Total assets€95,469▲ 20.1%€78,649▼ 17.6%€83,242▲ 5.8%€79,878▼ 4.0%€73,073▼ 8.5%

Debt€16,411▲ 51.1%€14,735▼ 10.2%€6,880▼ 53.3%€17,158▲ 149%€16,739▼ 2.4%

Working capital€75,229▲ 17.8%€59,782▼ 20.5%€53,042▼ 11.3%€37,280▼ 29.7%€32,046▼ 14.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €2,709 after €6,791 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €73,073

33.2%

66.8%

Fixed assets €24,289 ▼ 4.5%

Current assets €48,784 ▼ 10.4%

Equity and liabilities €73,073

77.1%

22.9%

Equity €56,335 ▼ 10.2%

Debt €16,739 ▼ 2.4%

Debt's share of the balance-sheet total rises from 21.5% to 22.9%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

-€1,559▼

2024 · €7,841

Cash flow

-€5,235▼

2024 · €3,407

Current ratio

2.91▼

2024 · 3.17

Debt to equity

0.30▲

2024 · 0.27

ROE

-11.3%▼

2024 · 3.8%

ROA

-8.7%▼

2024 · 3.0%

Interest coverage

-0.29▼

2024 · 1.34

Debt ≤ 1 year

€16,739▼

2024 · €17,158

Income taxes

€300▼

2024 · €317

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€79,878€73,073▼

Fixed assets21/28€25,439€24,289▼

Tangible fixed assets22/27€5,382€4,232▼

Plant, machinery and equipment23€2,429€1,596▼

Other tangible fixed assets26€2,953€2,636▼

Financial fixed assets28€20,057€20,057=

Current assets29/58€54,438€48,784▼

Amounts receivable within one year40/41€47,085€42,560▼

Trade receivables40€1,338€1,602▲

Other amounts receivable41€45,747€40,958▼

Cash at bank and in hand54/58€5,767€3,133▼

Deferred charges and accrued income490/1€1,586€3,091▲

Equity and liabilities

Total equity and liabilities10/49€79,878€73,073▼

Equity10/15€62,720€56,335▼

Contributions10/11€6,200€6,200=

Reserves13€56,520€56,520=

Distributable reserves133€56,520€56,520=

Profit (loss) carried forward14€0-€6,385▼

Amounts payable17/49€17,158€16,739▼

Amounts payable within one year42/48€17,158€16,739▼

Trade debts44€842€3,516▲

Suppliers440/4€842€3,516▲

Taxes, remuneration and social security45€1,117€616▼

Taxes450/3€1,117€616▼

Other amounts payable47/48€15,200€12,606▼

Income statement Code20242025

Non-recurring operating income76A€422€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,050€1,150▲

Other operating charges640/8€449€556▲

Non-recurring operating charges66A€249€2,068▲

Gross operating margin9900€8,540€1,065▼

Operating profit (loss)9901€6,791-€2,709▼

Financial income75/76B€1,720€2,022▲

Recurring financial income75€1,720€2,022▲

Financial charges65/66B€5,837€5,399▼

Recurring financial charges65€5,837€5,399▼

Profit (loss) for the period before taxes9903€2,674-€6,085▼

Income taxes67/77€317€300▼

Profit (loss) for the period9904€2,357-€6,385▼

Profit (loss) for the period to be appropriated9905€2,357-€6,385▼

Appropriation of the result

Profit (loss) to be appropriated9906€2,357-€6,385▼

Transfer from equity791/2€16,000€0▼

Transfer to equity691/2€2,357€0▼

To other reserves6921€2,357€0▼

Profit to be distributed694/7€16,000€0▼

Return on contributions (dividend)694€16,000€0▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	€2,714	€9,820	€0	€422	€0	▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,228	€346	€870	€1,050	€1,150	▲ 9.6%
Other operating charges640/8	€814	€743	€561	€449	€556	▲ 23.7%
Non-recurring operating charges66A	€3,111	€0	-	€249	€2,068	▲ 729%
Gross operating margin9900	€37,690	€9,536	-€24,594	€8,540	€1,065	▼ 87.5%
Operating profit (loss)9901	€32,538	€8,447	-€26,025	€6,791	-€2,709	▼ 140%
Financial income75/76B	€10	€3,502	€40,947	€1,720	€2,022	▲ 17.6%
Recurring financial income75	€10	€3,502	€40,947	€1,720	€2,022	▲ 17.6%
Financial charges65/66B	€1,375	€4,394	€2,273	€5,837	€5,399	▼ 7.5%
Recurring financial charges65	€1,375	€1,307	€2,273	€5,837	€5,399	▼ 7.5%
Non-recurring financial charges66B	-	€3,087	€0	-	-	-
Profit (loss) for the period before taxes9903	€31,172	€7,556	€12,649	€2,674	-€6,085	▼ 328%
Income taxes67/77	€10,720	€882	€201	€317	€300	▼ 5.4%
Profit (loss) for the period9904	€20,452	€6,674	€12,448	€2,357	-€6,385	▼ 371%
Profit (loss) for the period to be appropriated9905	€20,452	€6,674	€12,448	€2,357	-€6,385	▼ 371%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€95,469	€78,649	€83,242	€79,878	€73,073	▼ 8.5%
Fixed assets21/28	€3,829	€4,132	€23,320	€25,439	€24,289	▼ 4.5%
Tangible fixed assets22/27	€3,649	€4,132	€3,263	€5,382	€4,232	▼ 21.4%
Plant, machinery and equipment23	€3,337	€4,096	€3,263	€2,429	€1,596	▼ 34.3%
Furniture and vehicles24	€311	€36	€0	-	-	-
Other tangible fixed assets26	-	-	-	€2,953	€2,636	▼ 10.7%
Financial fixed assets28	€180	€0	€20,057	€20,057	€20,057	=
Current assets29/58	€91,640	€74,516	€59,922	€54,438	€48,784	▼ 10.4%
Amounts receivable after more than one year29	-	€19,292	€0	-	-	-
Other amounts receivable291	-	€19,292	€0	-	-	-
Amounts receivable within one year40/41	€46,793	€25,886	€39,884	€47,085	€42,560	▼ 9.6%
Trade receivables40	€38,406	€17,407	€4,608	€1,338	€1,602	▲ 19.7%
Other amounts receivable41	€8,387	€8,479	€35,275	€45,747	€40,958	▼ 10.5%
Cash at bank and in hand54/58	€43,051	€14,977	€15,902	€5,767	€3,133	▼ 45.7%
Deferred charges and accrued income490/1	€1,796	€14,361	€4,136	€1,586	€3,091	▲ 94.8%
Equity and liabilities
Total equity and liabilities10/49	€95,469	€78,649	€83,242	€79,878	€73,073	▼ 8.5%
Equity10/15	€79,058	€63,914	€76,363	€62,720	€56,335	▼ 10.2%
Contributions10/11	€6,200	€6,200	€6,200	€6,200	€6,200	=
Reserves13	€72,858	€57,714	€70,163	€56,520	€56,520	=
Non-distributable reserves130/1	€1,860	€1,860	€0	-	-	-
Reserves not available under the articles1311	€1,860	€1,860	€0	-	-	-
Distributable reserves133	€70,998	€55,854	€70,163	€56,520	€56,520	=
Profit (loss) carried forward14	-	€0	€0	€0	-€6,385	-
Amounts payable17/49	€16,411	€14,735	€6,880	€17,158	€16,739	▼ 2.4%
Amounts payable within one year42/48	€16,411	€14,735	€6,880	€17,158	€16,739	▼ 2.4%
Trade debts44	€2,865	€3,132	€5,797	€842	€3,516	▲ 318%
Suppliers440/4	€2,865	€3,132	€5,797	€842	€3,516	▲ 318%
Taxes, remuneration and social security45	€13,484	€11,602	€1,083	€1,117	€616	▼ 44.8%
Taxes450/3	€13,484	€11,602	€1,083	€1,117	€616	▼ 44.8%
Other amounts payable47/48	€63	€0	-	€15,200	€12,606	▼ 17.1%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€20,452	€6,674	€12,448	€2,357	-€6,385	▼ 371%
+ Depreciation and write-downs630	€1,228	€346	€870	€1,050	€1,150	▲ 9.6%
Operating cash flow (approximation)	€21,680	€7,019	€13,318	€3,407	-€5,235	▼ 254%
Investment in fixed assets (approximation)	-	-€649	-€20,057	-€3,169	€0	▲ 100%
Change in cash	-	-€28,074	€925	-€10,136	-€2,634	▲ 74.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet -€6,385

Net result drops to -€6,385, the lowest in the series.

13-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 27 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

01-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €20,452 ▲236%

Operating result €32,538, net result €20,452, both a record.

22-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

14-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 31 days late

2018

25-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 86 days late

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has 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

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, Lommel · 1 establishment unit since 2015

seat establishment The establishment unit on the map

Ground area

728 m²

Building footprint

200 m²

Volume, LiDAR

1,115 m³

Parcel 72020C0053/00H000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Correct Logistics

Karel Martelstraat 23, 3920 LommelFood and beverage service activities

since 20152.241.387.215

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72020C0053/00H000	Flanders	728 m²	1 · 200 m²	9.4 m · 2 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.

Similar companies · same sector, comparable size

ISABENA

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FORSITE

BE 0540.742.039

Antwerpen · Eq €56,333

Antwerpen · Eq €56,341

SATVA

BE 1005.688.476

Oostende · Eq €56,327

Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 38,670 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

Founded08-04-2015

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

Scores and ratios are computed by Checked and are not a credit decision.