DISTRIBUTION SERVICES-MESSAGERIE
ActiveSummary
DISTRIBUTION SERVICES-MESSAGERIE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146k and a net result of €10k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 45% of 725 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▼-5
Solvency56▼-6
Growth62▲+4
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.45 in 2023; short-term debt: 56.6% and cash: 10.6% of total assets), and 69% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €146k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
1 d late
2022
24 d late
2021
9 d late
2020
15 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.05M▲ 35.1%
2023 · €779k
2018: €466k
2019: €486k
2020: €611k
2021: €805k
2022: €832k
2023: €779k
2018 → 2024
EBIT margin
1.8%▼ 0.9pp
2023 · 2.7%
2018: 11.3%
2019: 5.4%
2020: 2.2%
2021: -4.0%
2022: 5.5%
2023: 2.7%
2018 → 2024
Net result
€10k▼ 15.0%
2023 · €11k
2018: €27k
2019: €12k
2020: €3k
2021: €-41k
2022: €35k
2023: €11k
2018 → 2024
Working capital
€75k▼ 4.3%
2023 · €78k
2018: €72k
2019: €82k
2020: €96k
2021: €59k
2022: €59k
2023: €78k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€611k-€805k▲ 31.7%€832k▲ 3.4%€779k▼ 6.4%€1.05M▲ 35.1%
Equity€140k-€100k▼ 29.1%€125k▲ 25.4%€136k▲ 9.0%€146k▲ 7.0%
Operating result€13k-€-33k€46k€21k▼ 53.9%€18k▼ 12.3%
Net result€3k-€-41k€35k€11k▼ 67.9%€10k▼ 15.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €469k
Fixed assets
€129k ▲ 10.8%
Current assets
€341k ▲ 34.8%
Equity and liabilities €469k
Equity
€146k ▲ 7.0%
Debt
€324k ▲ 39.0%
Debt's share of the balance-sheet total rises from 63.1% to 69.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▼
2023 · €62k
Cash flow
€43k▼
2023 · €52k
Current ratio
1.28▼
2023 · 1.45
Debt to equity
2.22▲
2023 · 1.71
ROE
6.6%▼
2023 · 8.2%
ROA
2.0%▼
2023 · 3.0%
Interest coverage
10.45▲
2023 · 9.82
Debt ≤ 1 year
€266k▲
2023 · €174k
Debt > 1 year
€58k▼
2023 · €58k
Income taxes
€4k▲
2023 · €4k
Staff costs
€96k▼
2023 · €139k
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€369k€469k▲
Fixed assets21/28€116k€129k▲
Tangible fixed assets22/27€116k€128k▲
Land and buildings22€83k€78k▼
Plant, machinery and equipment23€7k€10k▲
Furniture and vehicles24€26k€41k▲
Financial fixed assets28€115€115=
Current assets29/58€253k€341k▲
Amounts receivable within one year40/41€106k€289k▲
Trade receivables40€103k€285k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€144k€50k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€369k€469k▲
Equity10/15€136k€146k▲
Contributions10/11€19k€19k=
Reserves13€117k€127k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€116k€127k▲
Amounts payable17/49€233k€324k▲
Amounts payable after more than one year17€58k€58k▼
Financial debts170/4€58k€58k▼
Amounts payable within one year42/48€174k€266k▲
Current portion of amounts payable after more than one year42€32k€29k▼
Trade debts44€109k€223k▲
Suppliers440/4€109k€223k▲
Taxes, remuneration and social security45€33k€14k▼
Taxes450/3€10k€6k▼
Remuneration and social security454/9€23k€8k▼
Income statement
Code20232024
Turnover70€779k€1.05M▲
Goods, raw materials, services and sundry goods60/61€575k€901k▲
Remuneration, social security and pensions62€139k€96k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€33k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€204k€151k▼
Operating profit (loss)9901€21k€18k▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€15k€14k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€11k€10k▼
Profit (loss) for the period to be appropriated9905€11k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€10k▼
Transfer to equity691/2€11k€10k▼
To other reserves6921€11k€10k▼
Social balance
Average headcount (FTE)9087-2.2
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Equity above €100kEq €125k ▲25.4%
Equity rises from €100k to €125k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
31-12
Financial
Weakest financial yearnet €-41k ▼1470%
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Walcourt · 1 establishment unit since 2007
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.
Rue de Thy-le-Bauduin(Lan) 465651 WalcourtGround area
1,766 m²
Building footprint
119 m²
Parcel 93037B0549/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DSM
since 20072.163.111.381
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93037B0549/00G000 | Wallonia | 1,766 m² | 1 · 119 m² | - |
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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
QUADRUM RAIL LOGISTICS
BE 0896.467.961
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VERSO
BE 0474.235.275
Temse · Eq €145,866
IROKO SHIPPING & FORWARD
BE 0679.951.786
Antwerpen · Eq €145,235
DEN DORSTVLEGEL
BE 0471.593.016
Antwerpen · Eq €146,032
Leeway
BE 0802.416.563
Antwerpen · Eq €145,093
Of 3,190 companies in sector 52250 we hold annual accounts for 1,955. 1,428 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
Founded31-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.