F.M. Logistics
ActiveSummary
The computed 12-month bankruptcy probability of F.M. Logistics is 2.9% (moderate). The 2024 annual accounts show negative equity (-€32,910) and a net result of €51,766. Equity is growing by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 1308 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
Profitability100=
Solvency4▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.64 in 2023; short-term debt: 121.4% and cash: 5.7% of total assets), and equity is negative.
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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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-21.4%
Return on assets
33.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1308 sector peers (2024).
NBB · sector comparisonPosition among 1308 sector peers
Solvency
better than 10%
← 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 29-08-2025, 29 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
29 d late
2023
55 d late
2022
28 d late
2021
219 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 83 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, micro schema
Equity
-€32,910▲ 61.1%
2023 · -€84,676
Total assets
€153,973▼ 11.1%
2023 · €173,225
Net result
€51,766▼ 19.9%
2023 · €64,605
Working capital
-€40,423▲ 56.7%
2023 · -€93,310
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
Line2021202220232024
Operating result-€92,401--€62,173▲ 32.7%€65,244€52,232▼ 19.9%
Net result-€92,682below the sector's middle half--€62,600below the sector's middle half▲ 32.5%€64,605above the sector's middle half€51,766above the sector's middle half▼ 19.9%
Equity-€92,682below the sector's middle half--€149,282below the sector's middle half▼ 61.1%-€84,676below the sector's middle half▲ 43.3%-€32,910below the sector's middle half▲ 61.1%
Total assets€216,385within the sector's middle half-€278,716within the sector's middle half▲ 28.8%€173,225within the sector's middle half▼ 37.8%€153,973within the sector's middle half▼ 11.1%
Debt€309,067-€427,998▲ 38.5%€257,901▼ 39.7%€186,883▼ 27.5%
Working capital-€98,257below the sector's middle half--€157,173below the sector's middle half▼ 60.0%-€93,310below the sector's middle half▲ 40.6%-€40,423below the sector's middle half▲ 56.7%
Solvency-42.8%below the sector's middle half--53.6%below the sector's middle half▼ 10.7pp-48.9%below the sector's middle half▲ 4.7pp-21.4%below the sector's middle half▲ 27.5pp
Current ratio0.68below the sector's middle half-0.63below the sector's middle half▼ 0.050.64below the sector's middle half▲ 0.010.78within the sector's middle half▲ 0.15
Return on assets (ROA)-42.8%below the sector's middle half--22.5%below the sector's middle half▲ 20.4pp37.3%above the sector's middle half▲ 59.8pp33.6%above the sector's middle half▼ 3.7pp
Staff (FTE)3.2
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €153,973
Fixed assets
€7,512 ▼ 13.0%
Current assets
€146,461 ▼ 11.0%
Key figures and ratios
EBITDA
€53,353▼
2023 · €66,228
Cash flow
€52,887▼
2023 · €65,589
Debt to equity
-5.68▼
2023 · -3.05
Interest coverage
74.55▼
2023 · 103.73
Debt ≤ 1 year
€186,883▼
2023 · €257,901
Staff costs
€867▼
2023 · €5,898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,180 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €62,682 | €82,362 | €5,898 | €867 | ▼ 85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €449 | €984 | €1,121 | ▲ 13.9% |
| Other operating charges640/8 | €1,439 | €1,451 | €261 | €1,544 | ▲ 492% |
| Gross operating margin9900 | -€28,280 | €22,090 | €72,387 | €55,764 | ▼ 23.0% |
| Operating profit (loss)9901 | -€92,401 | -€62,173 | €65,244 | €52,232 | ▼ 19.9% |
| Financial income75/76B | €0 | €50 | €0 | €250 | - |
| Recurring financial income75 | €0 | €50 | €0 | €250 | - |
| Financial charges65/66B | €281 | €476 | €638 | €716 | ▲ 12.1% |
| Recurring financial charges65 | €281 | €476 | €638 | €716 | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | -€92,682 | -€62,600 | €64,605 | €51,766 | ▼ 19.9% |
| Profit (loss) for the period9904 | -€92,682 | -€62,600 | €64,605 | €51,766 | ▼ 19.9% |
| Profit (loss) for the period to be appropriated9905 | -€92,682 | -€62,600 | €64,605 | €51,766 | ▼ 19.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €216,385 | €278,716 | €173,225 | €153,973 | ▼ 11.1% |
| Fixed assets21/28 | €5,575 | €7,892 | €8,633 | €7,512 | ▼ 13.0% |
| Tangible fixed assets22/27 | - | €2,317 | €3,058 | €1,937 | ▼ 36.7% |
| Plant, machinery and equipment23 | - | €802 | €417 | €32 | ▼ 92.3% |
| Furniture and vehicles24 | - | €1,515 | €2,642 | €1,905 | ▼ 27.9% |
| Financial fixed assets28 | €5,575 | €5,575 | €5,575 | €5,575 | = |
| Current assets29/58 | €210,810 | €270,825 | €164,591 | €146,461 | ▼ 11.0% |
| Amounts receivable within one year40/41 | €199,454 | €251,935 | €160,758 | €137,760 | ▼ 14.3% |
| Trade receivables40 | €153,445 | €183,087 | €134,603 | €107,752 | ▼ 19.9% |
| Other amounts receivable41 | €46,008 | €68,848 | €26,155 | €30,008 | ▲ 14.7% |
| Current investments50/53 | - | €12,109 | €0 | - | - |
| Cash at bank and in hand54/58 | €11,356 | €6,781 | €3,833 | €8,700 | ▲ 127% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €216,385 | €278,716 | €173,225 | €153,973 | ▼ 11.1% |
| Equity10/15 | -€92,682 | -€149,282 | -€84,676 | -€32,910 | ▲ 61.1% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€92,682 | -€155,282 | -€90,676 | -€38,910 | ▲ 57.1% |
| Amounts payable17/49 | €309,067 | €427,998 | €257,901 | €186,883 | ▼ 27.5% |
| Amounts payable within one year42/48 | €309,067 | €427,998 | €257,901 | €186,883 | ▼ 27.5% |
| Trade debts44 | €261,422 | €355,722 | €185,926 | €118,077 | ▼ 36.5% |
| Suppliers440/4 | €261,422 | €355,722 | €185,926 | €118,077 | ▼ 36.5% |
| Taxes, remuneration and social security45 | €43,750 | €39,500 | €16,213 | €0 | ▼ 100% |
| Taxes450/3 | €9,543 | €8,244 | €5,933 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €34,207 | €31,256 | €10,280 | €0 | ▼ 100% |
| Other amounts payable47/48 | €3,895 | €32,776 | €55,762 | €68,806 | ▲ 23.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€92,682 | -€62,600 | €64,605 | €51,766 | ▼ 19.9% |
| + Depreciation and write-downs630 | - | €449 | €984 | €1,121 | ▲ 13.9% |
| Operating cash flow (approximation) | -€92,682 | -€62,150 | €65,589 | €52,887 | ▼ 19.4% |
| Investment in fixed assets (approximation) | - | -€2,766 | -€1,726 | €0 | ▲ 100% |
| Change in cash | - | -€4,575 | -€2,948 | €4,867 | ▲ 265% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Back to profitnet €64,605
Net result €64,605 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 219 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 2021
Ground area
507 m²
Building footprint
102 m²
Volume, LiDAR
9 m³
Parcel 11819C0158/00V002, Flanders · tallest building 6.9 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
F.M. Logistics
since 20212.316.753.146
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11819C0158/00V002 | Flanders | 507 m² | 1 · 102 m² | 6.9 m |
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
Dual-learning approval
2 live approvals · 3 endedLogistiek assistent magazijn (vwo)
Logistiek assistent magazijn duaal (so)
Show 3 ended approvals
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Magazijnmedewerker (so)
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 273 companies in sector 52241 we hold annual accounts for 211. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
52241Warehousing and support activities for transportation
52220Warehousing and support activities for transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754795897
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.