Summary
ECS LOGISTICS GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €198.31M and a net result of €2.90M. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 2394 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
64 d early
2024
29 d early
2023
36 d early
2022
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€198.31M▲ 1.5%
2024 · €195.41M
2022: €98.96M
2023: €99.95M
2024: €195.41M
2022 → 2025
Net result
€2.90M▼ 97.0%
2024 · €95.46M
2022: €-9.56M
2023: €983k
2024: €95.46M
2022 → 2025
Total assets
€372.98M▼ 0.6%
2024 · €375.30M
2022: €218.52M
2023: €184.80M
2024: €375.30M
2022 → 2025
Solvency
53.2%▲ 1.1pp
2024 · 52.1%
2022: 45.3%
2023: 54.1%
2024: 52.1%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€1.31M€20.50M▲ 1,468%€27.11M▲ 32.3%
Equity€98.96M-€99.95M▲ 1.0%€195.41M▲ 95.5%€198.31M▲ 1.5%
Operating result€-3.31M-€888k€4.73M▲ 432%€7.92M▲ 67.6%
Net result€-9.56M-€983k€95.46M▲ 9,614%€2.90M▼ 97.0%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 68% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €372.98M
Fixed assets
€366.85M ▼ 0.9%
Current assets
€6.12M ▲ 17.2%
Equity and liabilities €372.98M
Equity
€198.31M ▲ 1.5%
Provisions
€2.35M ▼ 6.3%
Debt
€172.32M ▼ 2.9%
Debt's share of the balance-sheet total falls from 47.3% to 46.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.5%▼
2024 · 48.9%
ROA
0.8%▼
2024 · 25.4%
Debt ≤ 1 year
€34.76M▲
2024 · €34.04M
Debt > 1 year
€137.05M▼
2024 · €142.07M
Income taxes
€48k▼
2024 · €279k
Staff costs
€1.14M▲
2024 · €300k
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 · 2025 against 2024 · 76 lines
Balance sheet
Code20242025
Assets
Total assets20/58€375.30M€372.98M▼
Fixed assets21/28€370.07M€366.85M▼
Intangible fixed assets21€32.88M€30.38M▼
Tangible fixed assets22/27€177.70M€176.97M▼
Land and buildings22€53.61M€52.75M▼
Plant, machinery and equipment23€2.55M€2.24M▼
Furniture and vehicles24€5.64M€6.75M▲
Leasing and similar rights25€115.30M€115.01M▼
Assets under construction and advance payments27€586k€218k▼
Financial fixed assets28€159.50M€159.50M=
Affiliated companies280/1€159.50M€159.50M=
Participating interests280€159.50M€159.50M=
Other financial fixed assets284/8-€2k
Amounts receivable and cash guarantees285/8-€2k
Current assets29/58€5.23M€6.12M▲
Amounts receivable within one year40/41€4.23M€4.17M▼
Trade receivables40€2.84M€3.70M▲
Other amounts receivable41€1.39M€463k▼
Cash at bank and in hand54/58€941k€899k▼
Deferred charges and accrued income490/1€50k€1.06M▲
Equity and liabilities
Total equity and liabilities10/49€375.30M€372.98M▼
Equity10/15€195.41M€198.31M▲
Contributions10/11€108.52M€108.52M=
Reserves13€86.89M€86.89M=
Distributable reserves133€86.89M€86.89M=
Profit (loss) carried forward14-€2.90M
Provisions and deferred taxes16€2.51M€2.35M▼
Deferred taxes168€2.51M€2.35M▼
Amounts payable17/49€177.38M€172.32M▼
Amounts payable after more than one year17€142.07M€137.05M▼
Financial debts170/4€142.07M€137.05M▼
Subordinated loans170€2.35M-
Leasing and similar obligations172€73.25M€71.38M▼
Credit institutions173€66.47M€65.67M▼
Amounts payable within one year42/48€34.04M€34.76M▲
Current portion of amounts payable after more than one year42€9.85M€11.81M▲
Trade debts44€2.75M€1.39M▼
Suppliers440/4€2.75M€1.39M▼
Taxes, remuneration and social security45€477k€336k▼
Taxes450/3€322k€78k▼
Remuneration and social security454/9€154k€258k▲
Other amounts payable47/48€20.96M€21.22M▲
Accrued charges and deferred income492/3€1.28M€516k▼
Income statement
Code20242025
Operating income70/76A€21.68M€29.83M▲
Turnover70€20.50M€27.11M▲
Other operating income74€1.17M€1.61M▲
Non-recurring operating income76A€17k€1.11M▲
Operating charges60/66A€16.96M€21.91M▲
Services and other goods61€1.47M€2.14M▲
Remuneration, social security and pensions62€300k€1.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13.59M€17.00M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€42k€-42k▼
Other operating charges640/8€657k€1.16M▲
Non-recurring operating charges66A€899k€498k▼
Operating profit (loss)9901€4.73M€7.92M▲
Financial income75/76B€101.27M€48k▼
Recurring financial income75€101.27M€48k▼
Income from financial fixed assets750€100.74M-
Income from current assets751€161k€48k▼
Other financial income752/9€376k€557▼
Financial charges65/66B€10.38M€5.18M▼
Recurring financial charges65€10.38M€5.18M▼
Debt charges650€10.36M€5.17M▼
Other financial charges652/9€17k€10k▼
Profit (loss) for the period before taxes9903€95.63M€2.79M▼
Transfer from deferred taxes780€115k€158k▲
Income taxes67/77€279k€48k▼
Taxes670/3€280k€48k▼
Tax adjustments and reversals of tax provisions77€292-
Profit (loss) for the period9904€95.46M€2.90M▼
Profit (loss) for the period to be appropriated9905€95.46M€2.90M▼
Appropriation of the result
Profit (loss) to be appropriated9906€86.89M€2.90M▼
Profit (loss) brought forward from the previous period14P€-8.57M-
Transfer to equity691/2€86.89M-
To other reserves6921€86.89M-
Social balance
Average headcount (FTE)90872.811.1▲
The notes to these accounts (96 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2022net €95.46M ▲9614%
Net result €95.46M, the highest in the series.
31-12
Financial
Equity above €100MEq €195.41M ▲95.5%
2 profitable years in a row build equity to €195.41M.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €983k
Net result €983k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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 · 2 establishment units since 2024
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.
Baron de Maerelaan 1558380 BruggeGround area
9.2 ha
Building footprint
6.1 ha
Volume, LiDAR
709,697 m³
2 parcels, Flanders · tallest building 21.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
KVS3
since 20242.360.903.190
BML155
since 20242.360.903.289
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812Q0246/00K000 | Flanders | 4.9 ha | 1 · 3.2 ha | 15.1 m · 4 fl. |
| 31016D0091/00H000 | Flanders | 4.3 ha | 1 · 3.0 ha | 21.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
5 subsidiaries, 1 abroadECS LOGISTICS GROUPBE 0779.311.856
controls
Where this company holds controlsubsidiary per the LEI register5
Brugge
Brugge · indirect
Brugge · indirect
Brugge · indirect
2XL FRANCE
Dourges, France · indirect
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 946 EUR awarded · 946 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 946 EUR | 946 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
699400GJPU99ADP4EA53
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 1,172 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
Founded23-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.