Eagle
ActiveSummary
Eagle has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €230,174 and a net result of €189,113. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 37% of 935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+94
Solvency50▲+13
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.1 in 2023; short-term debt: 73.9% and cash: 34.6% of total assets), and 75.3% 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
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
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d late
2023
29 d late
2022
31 d late
2021
51 d early
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€230,174▲ 153%
2023 · €91,061
Total assets
€930,114▲ 18.7%
2023 · €783,531
Net result
€189,113
2023 · -€139,748
Working capital
€197,318▲ 183%
2023 · €69,764
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
Line20202021202220232024
Operating result€92,303▲ 360%€212,268▲ 130%€354,997▲ 67.2%-€116,979€246,568
Net result€59,649within the sector's middle half▲ 20,899%€125,832within the sector's middle half▲ 111%€224,458within the sector's middle half▲ 78.4%-€139,748below the sector's middle half€189,113within the sector's middle half
Equity€110,819within the sector's middle half▼ 12.2%€126,351within the sector's middle half▲ 14.0%€230,808within the sector's middle half▲ 82.7%€91,061below the sector's middle half▼ 60.5%€230,174within the sector's middle half▲ 153%
Total assets€914,466within the sector's middle half▼ 8.4%€1.1mwithin the sector's middle half▲ 18.6%€987,653within the sector's middle half▼ 8.9%€783,531within the sector's middle half▼ 20.7%€930,114within the sector's middle half▲ 18.7%
Debt€763,729▼ 8.2%€917,899▲ 20.2%€716,927▼ 21.9%€692,471▼ 3.4%€699,940▲ 1.1%
Working capital€101,343▼ 27.9%€131,592▲ 29.8%€242,464▲ 84.3%€69,764▼ 71.2%€197,318▲ 183%
Solvency12.1%below the sector's middle half▼ 0.5pp11.7%below the sector's middle half▼ 0.5pp23.4%within the sector's middle half▲ 11.7pp11.6%below the sector's middle half▼ 11.7pp24.7%within the sector's middle half▲ 13.1pp
Staff (FTE)8.3within the sector's middle half▲ 10.7%10.5within the sector's middle half▲ 26.5%11.1within the sector's middle half▲ 5.7%10within the sector's middle half▼ 9.9%10.6above the sector's middle half▲ 6.0%
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €246,568 after a loss of €116,979 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €930,114
Fixed assets
€44,995 ▲ 111%
Current assets
€885,118 ▲ 16.1%
Equity and liabilities €930,114
Equity
€230,174 ▲ 153%
Debt
€699,940 ▲ 1.1%
Debt's share of the balance-sheet total falls from 88.4% to 75.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€258,402▲
2023 · -€105,940
Cash flow
€200,947▲
2023 · -€128,709
Current ratio
1.29▲
2023 · 1.10
Debt to equity
3.04▼
2023 · 7.60
ROE
82.2%▲
2023 · -153.5%
ROA
20.3%▲
2023 · -17.8%
Interest coverage
9.39▲
2023 · -4.13
Debt ≤ 1 year
€687,801▼
2023 · €692,471
Debt > 1 year
€12,139
Income taxes
€44,638▲
2023 · €1,071
Staff costs
€689,299▲
2023 · €637,610
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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 2,613 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,279 | - |
| Remuneration, social security and pensions62 | - | €544,325 | €608,765 | €637,610 | €689,299 | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,484 | €19,745 | €14,412 | €11,039 | €11,834 | ▲ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | €9,096 | €0 | €55,151 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€39,917 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €3,383 | €3,613 | €3,894 | €8,298 | ▲ 113% |
| Non-recurring operating charges66A | - | - | - | €531,474 | €0 | ▼ 100% |
| Gross operating margin9900 | €499,290 | €779,720 | €990,882 | €1.0m | €1.0m | ▼ 1.6% |
| Operating profit (loss)9901 | €92,303 | €212,268 | €354,997 | -€116,979 | €246,568 | ▲ 311% |
| Financial income75/76B | - | €9,504 | €7,186 | €3,935 | €14,690 | ▲ 273% |
| Recurring financial income75 | €9,769 | €9,504 | €7,186 | €3,935 | €14,690 | ▲ 273% |
| Financial charges65/66B | - | €39,912 | €55,364 | €25,633 | €27,506 | ▲ 7.3% |
| Recurring financial charges65 | €17,766 | €39,912 | €55,364 | €25,633 | €27,506 | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €84,307 | €181,860 | €306,818 | -€138,677 | €233,752 | ▲ 269% |
| Income taxes67/77 | €24,658 | €56,029 | €82,361 | €1,071 | €44,638 | ▲ 4,067% |
| Profit (loss) for the period9904 | €59,649 | €125,832 | €224,458 | -€139,748 | €189,113 | ▲ 235% |
| Transfer from tax-exempt reserves789 | - | €2,297 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €59,649 | €128,128 | €224,458 | -€139,748 | €189,113 | ▲ 235% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €914,466 | €1.1m | €987,653 | €783,531 | €930,114 | ▲ 18.7% |
| Fixed assets21/28 | €55,269 | €35,524 | €28,262 | €21,296 | €44,995 | ▲ 111% |
| Tangible fixed assets22/27 | €45,952 | €26,208 | €18,946 | €11,980 | €35,591 | ▲ 197% |
| Plant, machinery and equipment23 | - | €2,261 | €966 | €0 | - | - |
| Furniture and vehicles24 | - | €14,035 | €11,068 | €8,068 | €34,679 | ▲ 330% |
| Other tangible fixed assets26 | - | €9,912 | €6,912 | €3,912 | €912 | ▼ 76.7% |
| Financial fixed assets28 | €9,316 | €9,316 | €9,316 | €9,316 | €9,404 | ▲ 0.9% |
| Current assets29/58 | €859,197 | €1.0m | €959,391 | €762,235 | €885,118 | ▲ 16.1% |
| Amounts receivable after more than one year29 | - | €240,000 | €115,000 | €0 | - | - |
| Other amounts receivable291 | - | €240,000 | €115,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €455,562 | €507,534 | €640,727 | €512,378 | €548,231 | ▲ 7.0% |
| Trade receivables40 | - | €457,235 | €561,286 | €439,062 | €503,057 | ▲ 14.6% |
| Other amounts receivable41 | - | €50,299 | €79,442 | €73,317 | €45,174 | ▼ 38.4% |
| Cash at bank and in hand54/58 | €163,635 | €300,416 | €202,726 | €229,814 | €321,604 | ▲ 39.9% |
| Deferred charges and accrued income490/1 | - | €693 | €938 | €20,043 | €15,283 | ▼ 23.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €914,466 | €1.1m | €987,653 | €783,531 | €930,114 | ▲ 18.7% |
| Equity10/15 | €110,819 | €126,351 | €230,808 | €91,061 | €230,174 | ▲ 153% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €8,497 | €6,200 | €156,200 | €6,200 | €156,200 | ▲ 2,419% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | €150,000 | €0 | €150,000 | - |
| Profit (loss) carried forward14 | €40,323 | €58,151 | €12,608 | €22,861 | €11,974 | ▼ 47.6% |
| Provisions and deferred taxes16 | €39,917 | €39,917 | €39,917 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €39,917 | €39,917 | €0 | - | - |
| Environmental obligations163 | - | €39,917 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €39,917 | €0 | - | - |
| Amounts payable17/49 | €763,729 | €917,899 | €716,927 | €692,471 | €699,940 | ▲ 1.1% |
| Amounts payable after more than one year17 | €5,875 | €847 | €0 | - | €12,139 | - |
| Financial debts170/4 | - | €847 | €0 | - | €12,139 | - |
| Amounts payable within one year42/48 | €757,854 | €917,051 | €716,927 | €692,471 | €687,801 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €18,417 | €14,316 | €13,529 | €7,667 | ▼ 43.3% |
| Financial debts43 | - | €75,000 | €0 | - | - | - |
| Credit institutions430/8 | - | €75,000 | €0 | - | - | - |
| Trade debts44 | €474,952 | €529,708 | €501,104 | €520,582 | €455,477 | ▼ 12.5% |
| Suppliers440/4 | - | €529,708 | €501,104 | €520,582 | €455,477 | ▼ 12.5% |
| Advances received on contracts in progress46 | - | €130,390 | €17,940 | €31,091 | €93,910 | ▲ 202% |
| Taxes, remuneration and social security45 | - | €46,307 | €63,568 | €59,285 | €69,836 | ▲ 17.8% |
| Taxes450/3 | - | €1,079 | €4,578 | €5,000 | €47 | ▼ 99.1% |
| Remuneration and social security454/9 | - | €45,228 | €58,990 | €54,285 | €69,789 | ▲ 28.6% |
| Other amounts payable47/48 | - | €117,230 | €120,000 | €67,984 | €60,910 | ▼ 10.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,649 | €125,832 | €224,458 | -€139,748 | €189,113 | ▲ 235% |
| + Depreciation and write-downs630 | €21,484 | €19,745 | €14,412 | €11,039 | €11,834 | ▲ 7.2% |
| Operating cash flow (approximation) | €81,133 | €145,576 | €238,869 | -€128,709 | €200,947 | ▲ 256% |
| Investment in fixed assets (approximation) | - | €0 | -€7,150 | -€4,073 | -€35,533 | ▼ 772% |
| Change in cash | - | €136,781 | -€97,690 | €27,088 | €91,790 | ▲ 239% |
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
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
31-12
Financial
Back to profitnet €189,113
Net result €189,113 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €230,174 ▲153%
Equity rises from €91,061 to €230,174.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€139,748
Net result drops to -€139,748, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €224,458 ▲78.4%
Operating result €354,997, net result €224,458, both a record.
31-12
Financial
Equity above €200,000Eq €230,808 ▲82.7%
5 profitable years in a row build equity to €230,808.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brugge · 1 establishment unit since 1980
Ground area
1,182 m²
Building footprint
825 m²
Volume, LiDAR
5,894 m³
Parcel 31807I0459/00N009, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Pathoekeweg 9, 8000 Brugge
since 19802.016.904.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00N009 | Flanders | 1,182 m² | 1 · 825 m² | 7.7 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- QSTMparentSourceaccounts QSTM 202599.78%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 2023 · 2 entries · 6,554 EUR awarded · 6,554 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,327 EUR | 1,327 EUR |
| 2022 | 1 | 5,227 EUR | 5,227 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.016.904.172
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,473 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
Founded26-09-1979
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419861728
Also
9925:BE0419861728
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.