E-LOGISTICS
ActiveSummary
E-LOGISTICS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.0m and a net result of €1.6m. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 671 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+4
Solvency77▲+7
Growth76▲+1
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.83 in 2024; short-term debt: 47.6% and cash: 6.2% of total assets), and 47.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.3%
Return on assets
8.4%
Age of the figures
18 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-09-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
5 d late
2023
28 d early
2022
26 d early
2021
38 d early
2020
33 d early
2019
34 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 27 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?KORYS · 159 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Halle, Transport and storage sector#2 company by equity in Halle, Transport and storage sector#5 employer in Flemish Brabant, Warehousing and transport support sector
Turnover
€41.3m▲ 14.8%
2024 · €35.9m
EBIT margin
5.4%▲ 1.0pp
2024 · 4.4%
Net result
€1.6m▲ 63.4%
2024 · €981,456
Working capital
-€20,997▲ 98.8%
2024 · -€1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€27.9m▲ 21.4%€31.8m▲ 14.2%€33.7m▲ 5.9%€35.9m▲ 6.6%€41.3m▲ 14.8%
Operating result€1.5m▲ 37.2%€1.7m▲ 11.8%€2.1m▲ 20.9%€1.6m▼ 22.4%€2.2m▲ 40.9%
Net result€1.1mabove the sector's middle half▲ 39.5%€1.2mabove the sector's middle half▲ 13.2%€1.5mabove the sector's middle half▲ 18.1%€981,456above the sector's middle half▼ 32.7%€1.6mabove the sector's middle half▲ 63.4%
EBIT margin5.4%▲ 0.6pp5.3%▼ 0.1pp6.1%▲ 0.8pp4.4%▼ 1.7pp5.4%▲ 1.0pp
Equity€4.8mwithin the sector's middle half▲ 29.7%€6.0mwithin the sector's middle half▲ 25.9%€7.5mabove the sector's middle half▲ 24.3%€8.4mabove the sector's middle half▲ 13.2%€10.0mabove the sector's middle half▲ 19.0%
Total assets€11.0mwithin the sector's middle half▲ 50.2%€19.6mwithin the sector's middle half▲ 79.0%€17.7mwithin the sector's middle half▼ 9.7%€18.8mwithin the sector's middle half▲ 6.0%€19.2mabove the sector's middle half▲ 2.1%
Debt€6.2m▲ 71.4%€13.6m▲ 120%€10.3m▼ 24.7%€10.4m▲ 1.1%€9.2m▼ 11.6%
Working capital€1.0mwithin the sector's middle half▼ 27.8%-€7.5mbelow the sector's middle half-€3.5mbelow the sector's middle half▲ 53.3%-€1.7mbelow the sector's middle half▲ 50.8%-€20,997within the sector's middle half▲ 98.8%
Solvency43.4%within the sector's middle half▼ 6.9pp30.6%within the sector's middle half▼ 12.9pp42.1%within the sector's middle half▲ 11.5pp44.9%within the sector's middle half▲ 2.8pp52.3%within the sector's middle half▲ 7.4pp
Current ratio1.16within the sector's middle half▼ 0.220.45below the sector's middle half▼ 0.710.66below the sector's middle half▲ 0.210.83below the sector's middle half▲ 0.171.00within the sector's middle half▲ 0.16
Return on assets (ROA)9.9%above the sector's middle half▼ 0.8pp6.3%within the sector's middle half▼ 3.6pp8.2%within the sector's middle half▲ 1.9pp5.2%within the sector's middle half▼ 3.0pp8.4%above the sector's middle half▲ 3.1pp
Staff (FTE)421.1above the sector's middle half▲ 14.5%480.4above the sector's middle half▲ 14.1%516above the sector's middle half▲ 7.4%509.5above the sector's middle half▼ 1.3%552.5above the sector's middle half▲ 8.4%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.2m
Fixed assets
€10.1m ▼ 0.8%
Current assets
€9.1m ▲ 5.5%
Equity and liabilities €19.2m
Equity
€10.0m ▲ 19.0%
Debt
€9.2m ▼ 11.6%
Debt's share of the balance-sheet total falls from 55.1% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.6m▲
2024 · €2.8m
Cash flow
€2.9m▲
2024 · €2.2m
Debt to equity
0.91▼
2024 · 1.23
ROE
16.0%▲
2024 · 11.6%
Interest coverage
45.62▲
2024 · 18.36
Debt ≤ 1 year
€9.2m▼
2024 · €10.4m
Income taxes
€602,109▲
2024 · €399,845
Staff costs
€27.9m▲
2024 · €24.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 124 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 96% are still going.
- Large
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0%
went bankrupt
3.2%
stopped otherwise
96%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 124 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €33.4m | €35.1m | €37.2m | €42.5m | ▲ 14.1% |
| Turnover70 | €27.9m | €31.8m | €33.7m | €35.9m | €41.3m | ▲ 14.8% |
| Other operating income74 | - | €1.6m | €1.4m | €1.3m | €1.2m | ▼ 5.2% |
| Operating charges60/66A | - | €31.7m | €33.1m | €35.6m | €40.2m | ▲ 12.9% |
| Goods for resale, raw materials and consumables60 | - | €22,563 | €18,376 | €1,246 | €5,079 | ▲ 308% |
| Purchases600/8 | - | €22,563 | €18,376 | €1,246 | €5,079 | ▲ 308% |
| Services and other goods61 | - | €9.8m | €8.0m | €9.7m | €10.9m | ▲ 12.3% |
| Remuneration, social security and pensions62 | - | €21.0m | €23.6m | €24.6m | €27.9m | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €579,265 | €745,208 | €1.4m | €1.2m | €1.3m | ▲ 6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€12,690 | -€1,326 | €8,465 | €2,938 | ▼ 65.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€3,497 | €9,492 | -€17,619 | - | - |
| Other operating charges640/8 | - | €176,879 | €37,200 | €20,330 | €31,507 | ▲ 55.0% |
| Non-recurring operating charges66A | - | €652 | - | €1,089 | €1 | ▼ 100.0% |
| Operating profit (loss)9901 | €1.5m | €1.7m | €2.1m | €1.6m | €2.2m | ▲ 40.9% |
| Financial income75/76B | - | €9,377 | €2,039 | €9,547 | €90,149 | ▲ 844% |
| Recurring financial income75 | €2,459 | €9,377 | €2,039 | €9,547 | €90,149 | ▲ 844% |
| Income from current assets751 | - | €335 | - | €9,547 | €54,950 | ▲ 476% |
| Other financial income752/9 | - | €9,043 | €2,039 | - | €35,198 | - |
| Financial charges65/66B | - | €22,121 | €100,803 | €218,968 | €124,981 | ▼ 42.9% |
| Recurring financial charges65 | €685 | €22,121 | €100,803 | €218,968 | €124,981 | ▼ 42.9% |
| Debt charges650 | €164 | €19,605 | €99,750 | €154,677 | €78,182 | ▼ 49.5% |
| Other financial charges652/9 | - | €2,516 | €1,054 | €64,291 | €46,799 | ▼ 27.2% |
| Profit (loss) for the period before taxes9903 | €1.5m | €1.7m | €2.0m | €1.4m | €2.2m | ▲ 59.7% |
| Income taxes67/77 | €428,497 | €448,733 | €494,233 | €399,845 | €602,109 | ▲ 50.6% |
| Taxes670/3 | - | €448,733 | €494,233 | €399,845 | €602,109 | ▲ 50.6% |
| Profit (loss) for the period9904 | €1.1m | €1.2m | €1.5m | €981,456 | €1.6m | ▲ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €1.2m | €1.5m | €981,456 | €1.6m | ▲ 63.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.0m | €19.6m | €17.7m | €18.8m | €19.2m | ▲ 2.1% |
| Fixed assets21/28 | €3.8m | €13.5m | €11.0m | €10.2m | €10.1m | ▼ 0.8% |
| Intangible fixed assets21 | - | - | €128,814 | €520,399 | €1.3m | ▲ 143% |
| Tangible fixed assets22/27 | €3.8m | €13.5m | €10.8m | €9.6m | €8.8m | ▼ 8.5% |
| Land and buildings22 | - | €4.2m | €8.6m | €7.6m | €7.1m | ▼ 7.5% |
| Plant, machinery and equipment23 | - | €1.3m | €626,123 | €583,279 | €518,272 | ▼ 11.1% |
| Furniture and vehicles24 | - | €17,144 | €489,886 | €357,981 | €350,897 | ▼ 2.0% |
| Other tangible fixed assets26 | - | €511,360 | €982,024 | €934,543 | €892,365 | ▼ 4.5% |
| Assets under construction and advance payments27 | - | €7.4m | €126,541 | €136,207 | - | - |
| Current assets29/58 | €7.2m | €6.2m | €6.8m | €8.7m | €9.1m | ▲ 5.5% |
| Amounts receivable within one year40/41 | €5.6m | €6.1m | €6.8m | €4.1m | €7.9m | ▲ 92.9% |
| Trade receivables40 | - | €6.0m | €6.6m | €3.9m | €7.7m | ▲ 99.5% |
| Other amounts receivable41 | - | €105,010 | €117,155 | €237,248 | €205,069 | ▼ 13.6% |
| Cash at bank and in hand54/58 | €1.6m | €2,615 | - | €4.5m | €1.2m | ▼ 73.9% |
| Deferred charges and accrued income490/1 | - | €17,494 | €16,325 | €20,714 | €19,659 | ▼ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.0m | €19.6m | €17.7m | €18.8m | €19.2m | ▲ 2.1% |
| Equity10/15 | €4.8m | €6.0m | €7.5m | €8.4m | €10.0m | ▲ 19.0% |
| Contributions10/11 | €711,480 | €711,480 | €711,480 | €711,480 | €711,480 | = |
| Capital10 | - | €711,480 | €711,480 | €711,480 | €711,480 | = |
| Issued capital100 | - | €711,480 | €711,480 | €711,480 | €711,480 | = |
| Reserves13 | €71,148 | €71,148 | €71,148 | €71,148 | €71,148 | = |
| Non-distributable reserves130/1 | - | €71,148 | €71,148 | €71,148 | €71,148 | = |
| Legal reserve130 | - | €71,148 | €71,148 | €71,148 | €71,148 | = |
| Profit (loss) carried forward14 | €4.0m | €5.2m | €6.7m | €7.7m | €9.3m | ▲ 20.9% |
| Provisions and deferred taxes16 | €11,624 | €7,645 | €17,619 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €7,645 | €17,619 | - | - | - |
| Pensions and similar obligations160 | - | €7,645 | €4,622 | - | - | - |
| Other liabilities and charges164/5 | - | - | €12,996 | - | - | - |
| Amounts payable17/49 | €6.2m | €13.6m | €10.3m | €10.4m | €9.2m | ▼ 11.6% |
| Amounts payable within one year42/48 | €6.2m | €13.6m | €10.3m | €10.4m | €9.2m | ▼ 11.7% |
| Financial debts43 | - | €6.9m | €4.5m | - | - | - |
| Credit institutions430/8 | - | €6.9m | €4.5m | - | - | - |
| Trade debts44 | €2.4m | €3.1m | €1.9m | €5.8m | €3.9m | ▼ 33.4% |
| Suppliers440/4 | - | €3.1m | €1.9m | €5.8m | €3.9m | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | €3.6m | €3.9m | €4.5m | €5.3m | ▲ 16.3% |
| Taxes450/3 | - | €38,825 | €101,748 | - | €40,409 | - |
| Remuneration and social security454/9 | - | €3.6m | €3.8m | €4.5m | €5.2m | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | €9,279 | €6,866 | €3,680 | €9,778 | ▲ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €1.2m | €1.5m | €981,456 | €1.6m | ▲ 63.4% |
| + Depreciation and write-downs630 | €579,265 | €745,208 | €1.4m | €1.2m | €1.3m | ▲ 6.1% |
| Operating cash flow (approximation) | €1.7m | €2.0m | €2.8m | €2.2m | €2.9m | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | -€10.4m | €1.1m | -€442,434 | -€1.2m | ▼ 181% |
| Change in cash | - | -€1.6m | - | - | -€3.3m | - |
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
Next filing, fiscal year 2026, expected by
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €1.6m ▲63.4%
Operating result €2.2m, net result €1.6m, both a record.
31-03
Financial
Equity above €10mEq €10.0m ▲19%
7 profitable years in a row build equity to €10.0m.
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Equity above €5mEq €6.0m ▲25.9%
4 profitable years in a row build equity to €6.0m.
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet €781,369 ▼0%
Net result drops to €781,369, the lowest in the series; recovery starts the following year.
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Halle · 4 establishment units since 2010
Ground area
11.1 ha
Building footprint
4.6 ha
Volume, LiDAR
199,253 m³
4 parcels, Flanders · tallest building 27.2 m, ±6 floors. Linked by address, not a title deed.
78
companies at this address
See who is registered here
4 establishment units
E-Logistics
since 20102.192.752.603
COLLECT DC ZAVENTEM
since 20102.192.752.997
RCDC Erpe- Mere
since 20142.234.817.246
RCDC LONDERZEEL
since 20212.319.023.738
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016D0959/00C000 | Flanders | 3.4 ha | 1 · 1.9 ha | - |
| 23027F0207/00V000 | Flanders | 3.1 ha | 1 · 9,052 m² | 27.2 m · 6 fl. |
| 23045D0139/00A000 | Flanders | 2.5 ha | 1 · 8,451 m² | 8.0 m · 2 fl. |
| 23772B0096/00K000 | Flanders | 2.1 ha | 1 · 9,880 m² | - |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
KORYS
159 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- KORYS
- Colruyt Group
- Ahara
- Colruyt Food Retail
- E-LOGISTICS
Highest known parent: KORYS. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-03-2025 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2025 of E-LOGISTICS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 102,283 EUR awarded · 102,283 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,342 EUR | 2,342 EUR |
| 2024 | 2 | 36,326 EUR | 36,326 EUR |
| 2023 | 2 | 38,303 EUR | 38,303 EUR |
| 2022 | 2 | 25,312 EUR | 25,312 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sites · 1 with a smileyLonderzeel2.319.023.738
Erpe-Mere2.234.817.246
Dual-learning approval
5 live approvals · 3 endedBestuurder interne transportmiddelen duaal (so)
Logistiek duaal (so)
Magazijnier (vwo)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Show 3 ended approvals
Aanvuller (so)
Magazijnmedewerker (so)
Magazijnmedewerker (so)
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 477 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-10-2010
Fiscal year end31-03
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830292878
Also
9925:BE0830292878
Registered
09-10-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.