DSP LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of DSP LOGISTICS is 2.5% (moderate). The 2024 annual accounts show equity of €37k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 725 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability48▲+7
Solvency28▲+4
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.32 in 2023; short-term debt: 6.9% and cash: 2.3% of total assets), and 97% 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.
+raises risk○neutral
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
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 725 sector peers (2024).
NBB · sector comparisonPosition among 725 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
51 d late
2022
31 d late
2021
2 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€25k
EBIT margin
-67.9%
Net result
€17k▲ 1,733%
2023 · €934
2021: €-41klowest in 4 years
2022: €-34k▲ +16.5% vs 2021
2023: €934▲ +103% vs 2022
2024: €17k▲ +1733% vs 2023highest in 4 years
2021 → 2024
Working capital
€-29k▲ 48.1%
2023 · €-56k
2021: €17khighest in 4 years
2022: €-85k▼ -612% vs 2021lowest in 4 years
2023: €-56k▲ +34.5% vs 2022
2024: €-29k▲ +48.1% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€25k
Equity€-8k-€-42k▼ 439%€-8k▲ 79.8%€37k
2021: €-8k
2022: €-42k▼ -439% vs 2021lowest in 4 years
2023: €-8k▲ +79.8% vs 2022
2024: €37k▲ +543% vs 2023highest in 4 years
Operating result€-36k-€-17k▲ 53.0%€29k€39k▲ 34.0%
2021: €-36klowest in 4 years
2022: €-17k▲ +53.0% vs 2021
2023: €29k▲ +269% vs 2022
2024: €39k▲ +34.0% vs 2023highest in 4 years
Net result€-41k-€-34k▲ 16.5%€934€17k▲ 1,733%
2021: €-41klowest in 4 years
2022: €-34k▲ +16.5% vs 2021
2023: €934▲ +103% vs 2022
2024: €17k▲ +1733% vs 2023highest in 4 years
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 34% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.25M
Fixed assets
€1.19M ▼ 3.9%
Current assets
€57k ▲ 116%
Equity and liabilities €1.25M
Equity
€37k
Debt
€1.21M
Debt finances 97.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€96k▲
2023 · €86k
Cash flow
€75k▲
2023 · €58k
Current ratio
0.66▲
2023 · 0.32
Debt to equity
32.39
ROE
45.7%
ROA
1.4%▲
2023 · 0.1%
Interest coverage
3.33▲
2023 · 2.70
Debt ≤ 1 year
€86k▲
2023 · €82k
Debt > 1 year
€1.11M▼
2023 · €1.18M
Staff costs
€34k▼
2023 · €56k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.27M€1.25M▼
Fixed assets21/28€1.24M€1.19M▼
Tangible fixed assets22/27€1.24M€1.19M▼
Land and buildings22€1.22M€1.17M▼
Plant, machinery and equipment23€17k€16k▼
Financial fixed assets28€3k€3k=
Current assets29/58€27k€57k▲
Amounts receivable within one year40/41€12k€28k▲
Trade receivables40€12k€28k▲
Other amounts receivable41-€125
Cash at bank and in hand54/58€14k€29k▲
Deferred charges and accrued income490/1€1k€175▼
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.25M▼
Equity10/15€-8k€37k▲
Contributions10/11€33k€33k=
Profit (loss) carried forward14€-74k€-57k▲
Investment grants15€32k€61k▲
Amounts payable17/49€1.28M€1.21M▼
Amounts payable after more than one year17€1.18M€1.11M▼
Financial debts170/4€1.18M€1.11M▼
Amounts payable within one year42/48€82k€86k▲
Current portion of amounts payable after more than one year42€61k€63k▲
Trade debts44€4k€14k▲
Suppliers440/4€4k€14k▲
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€8k€10k▲
Remuneration and social security454/9€8k-
Accrued charges and deferred income492/3€20k€20k▲
Income statement
Code20232024
Remuneration, social security and pensions62€56k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€57k▲
Other operating charges640/8€834€1k▲
Gross operating margin9900€142k€132k▼
Operating profit (loss)9901€29k€39k▲
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Financial charges65/66B€32k€29k▼
Recurring financial charges65€32k€29k▼
Profit (loss) for the period before taxes9903€934€17k▲
Profit (loss) for the period9904€934€17k▲
Profit (loss) for the period to be appropriated9905€934€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-74k€-57k▲
Profit (loss) brought forward from the previous period14P€-75k€-74k▲
Social balance
Average headcount (FTE)90871.00.7▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €25k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €5k | €13k | - | - | - |
| Remuneration, social security and pensions62 | - | €15k | €56k | €34k | ▼ 39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €14k | €57k | €57k | ▲ 1.6% |
| Other operating charges640/8 | €695 | €376 | €834 | €1k | ▲ 61.7% |
| Gross operating margin9900 | €-5k | €12k | €142k | €132k | ▼ 7.6% |
| Operating profit (loss)9901 | €-36k | €-17k | €29k | €39k | ▲ 34.0% |
| Financial income75/76B | - | - | €4k | €7k | ▲ 97.8% |
| Recurring financial income75 | - | - | €4k | €7k | ▲ 97.8% |
| Financial charges65/66B | €4k | €17k | €32k | €29k | ▼ 8.8% |
| Recurring financial charges65 | €4k | €17k | €32k | €29k | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €-41k | €-34k | €934 | €17k | ▲ 1,733% |
| Profit (loss) for the period9904 | €-41k | €-34k | €934 | €17k | ▲ 1,733% |
| Profit (loss) for the period to be appropriated9905 | €-41k | €-34k | €934 | €17k | ▲ 1,733% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €252k | €1.30M | €1.27M | €1.25M | ▼ 1.4% |
| Fixed assets21/28 | €230k | €1.28M | €1.24M | €1.19M | ▼ 3.9% |
| Tangible fixed assets22/27 | €228k | €1.28M | €1.24M | €1.19M | ▼ 3.9% |
| Land and buildings22 | €228k | €1.26M | €1.22M | €1.17M | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €19k | €17k | €16k | ▼ 2.6% |
| Financial fixed assets28 | €2k | €3k | €3k | €3k | = |
| Current assets29/58 | €22k | €12k | €27k | €57k | ▲ 116% |
| Amounts receivable within one year40/41 | €2k | €10k | €12k | €28k | ▲ 140% |
| Trade receivables40 | - | €9k | €12k | €28k | ▲ 139% |
| Other amounts receivable41 | €2k | €999 | - | €125 | - |
| Cash at bank and in hand54/58 | €21k | €2k | €14k | €29k | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | €1k | €175 | ▼ 83.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €252k | €1.30M | €1.27M | €1.25M | ▼ 1.4% |
| Equity10/15 | €-8k | €-42k | €-8k | €37k | ▲ 543% |
| Contributions10/11 | €33k | €33k | €33k | €33k | = |
| Profit (loss) carried forward14 | €-41k | €-75k | €-74k | €-57k | ▲ 23.2% |
| Investment grants15 | - | - | €32k | €61k | ▲ 88.9% |
| Amounts payable17/49 | €260k | €1.34M | €1.28M | €1.21M | ▼ 5.0% |
| Amounts payable after more than one year17 | €254k | €1.24M | €1.18M | €1.11M | ▼ 5.8% |
| Financial debts170/4 | €254k | €1.24M | €1.18M | €1.11M | ▼ 5.8% |
| Amounts payable within one year42/48 | €6k | €97k | €82k | €86k | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | - | €30k | €61k | €63k | ▲ 1.8% |
| Financial debts43 | - | €11k | - | - | - |
| Credit institutions430/8 | - | €11k | - | - | - |
| Trade debts44 | €6k | €8k | €4k | €14k | ▲ 224% |
| Suppliers440/4 | €6k | €8k | €4k | €14k | ▲ 224% |
| Taxes, remuneration and social security45 | - | €4k | €17k | €10k | ▼ 39.1% |
| Taxes450/3 | - | €1k | €8k | €10k | ▲ 22.8% |
| Remuneration and social security454/9 | - | €3k | €8k | - | - |
| Other amounts payable47/48 | - | €44k | - | - | - |
| Accrued charges and deferred income492/3 | - | €5k | €20k | €20k | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-41k | €-34k | €934 | €17k | ▲ 1,733% |
| + Depreciation and write-downs630 | €30k | €14k | €57k | €57k | ▲ 1.6% |
| Operating cash flow (approximation) | €-10k | €-21k | €58k | €75k | ▲ 29.6% |
| Investment in fixed assets (approximation) | - | €-1.07M | €-15k | €-9k | ▲ 42.8% |
| Change in cash | - | €-19k | €12k | €15k | ▲ 28.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
2024
31-12
Financial
Highest result since 2021net €17k ▲1,733%
Operating result €39k, net result €17k, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 51 days late
2023
31-12
Financial
Back to profitnet €934
Net result €934 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Tubize · 1 establishment unit since 2020
Ground area
2,677 m²
Building footprint
831 m²
Parcel 25105A0525/00B000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DSP LOGISTICS
since 20202.310.560.487
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0525/00B000 | Wallonia | 2,677 m² | 1 · 831 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTubize2.310.560.487
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Of 3,188 companies in sector 52250 we hold annual accounts for 1,954. 1,068 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
Founded04-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
52100Warehousing and storage
Scores and ratios are computed by Checked and are not a credit decision.