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FAIR-LOGISTICS

Open bankruptcy
Private limited companyfounded 2020KBO/BCE: BE 0744.739.670
Summary

A bankruptcy procedure is open for FAIR-LOGISTICS according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €143,026 and a net result of €47,126.

FAIR-LOGISTICSOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
1 August 2024
Supervising judge
Willy Roels
Official Gazette
07-08-2024 (pdf) ↗search the document for 2024/131738

Curator

  • Dirk DevroeKromvendreef 15, 2900 Schoteninfo@dd-advocaten.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Two signals.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FAIR-LOGISTICS was incorporated on 5 March 2020 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2021.2 On 1 August 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021
  3. 3Belgian State Gazette, 07-08-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
€143,026▲ 49.1%
2020 · €95,900
Total assets
€309,006▲ 36.7%
2020 · €226,036
Net result
€47,126▼ 49.5%
2020 · €93,400
Working capital
€111,543▲ 52.5%
2020 · €73,127
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021
Operating result€124,612-€49,327▼ 60.4%
Net result€93,400-€47,126▼ 49.5%
Equity€95,900-€143,026▲ 49.1%
Total assets€226,036-€309,006▲ 36.7%
Debt€130,135-€165,980▲ 27.5%
Working capital€73,127-€111,543▲ 52.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2020: €124,612€124,612Net result 2020: €93,400€93,400Operating result 2021: €49,327€49,327Net result 2021: €47,126€47,12620202021€0€50,000€100,000Operating result 2020: €124,612€125,000Net result 2020: €93,400€93,400Operating result 2021: €49,327€49,300Net result 2021: €47,126€47,10020202021
The operating result falls in 2021; 2021 is 60% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €309,006
Fixed assets €61,848 ▼ 16.4%
Current assets €247,158 ▲ 62.5%
Equity and liabilities €309,006
Equity €143,026 ▲ 49.1%
Debt €165,980 ▲ 27.5%
Debt's share of the balance-sheet total falls from 57.6% to 53.7%. Equity and debt are higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
€71,260▼
2020 · €136,845
Cash flow
€69,059▼
2020 · €105,634
Current ratio
1.82▼
2020 · 1.93
Debt to equity
1.16▼
2020 · 1.36
ROE
32.9%▼
2020 · 97.4%
ROA
15.3%▼
2020 · 41.3%
Interest coverage
32.38▼
2020 · 86.73
Debt ≤ 1 year
€135,615▲
2020 · €78,967
Debt > 1 year
€30,364▼
2020 · €51,168
Staff costs
€214,892▲
2020 · €106,809
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 46 lines
Balance sheet Code20202021
Assets
Total assets20/58€226,036€309,006▲
Fixed assets21/28€73,941€61,848▼
Tangible fixed assets22/27€73,941€59,508▼
Furniture and vehicles24€73,941€59,508▼
Financial fixed assets28-€2,340
Current assets29/58€152,095€247,158▲
Amounts receivable after more than one year29€75,000€75,000=
Other amounts receivable291€75,000€75,000=
Amounts receivable within one year40/41€23,415€69,436▲
Trade receivables40€20,219€51,185▲
Other amounts receivable41€3,196€18,252▲
Cash at bank and in hand54/58€51,636€63,505▲
Deferred charges and accrued income490/1€2,044€39,217▲
Equity and liabilities
Total equity and liabilities10/49€226,036€309,006▲
Equity10/15€95,900€143,026▲
Contributions10/11€2,500€2,500=
Reserves13€93,400€93,400=
Distributable reserves133€93,400€93,400=
Profit (loss) carried forward14-€47,126
Amounts payable17/49€130,135€165,980▲
Amounts payable after more than one year17€51,168€30,364▼
Financial debts170/4€51,168€30,364▼
Amounts payable within one year42/48€78,967€135,615▲
Current portion of amounts payable after more than one year42€10,611€3,267▼
Trade debts44€13,778€48,247▲
Suppliers440/4€13,778€48,247▲
Taxes, remuneration and social security45€54,579€84,102▲
Taxes450/3€52,379€84,102▲
Remuneration and social security454/9€2,200-
Income statement Code20202021
Goods, raw materials, services and sundry goods60/61-€164,835
Remuneration, social security and pensions62€106,809€214,892▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,233€21,933▲
Other operating charges640/8€2,139€2,410▲
Gross operating margin9900€245,792€288,562▲
Operating profit (loss)9901€124,612€49,327▼
Financial income75/76B€1,500-
Recurring financial income75€1,500-
Financial charges65/66B€1,578€2,201▲
Recurring financial charges65€1,578€2,201▲
Profit (loss) for the period before taxes9903€124,534€47,126▼
Income taxes67/77€31,133-
Profit (loss) for the period9904€93,400€47,126▼
Profit (loss) for the period to be appropriated9905€93,400€47,126▼
Appropriation of the result
Profit (loss) to be appropriated9906€93,400€47,126▼
Transfer to equity691/2€93,400-
To other reserves6921€93,400-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021Change
Goods, raw materials, services and sundry goods60/61-€164,835-
Remuneration, social security and pensions62€106,809€214,892▲ 101%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,233€21,933▲ 79.3%
Other operating charges640/8€2,139€2,410▲ 12.7%
Gross operating margin9900€245,792€288,562▲ 17.4%
Operating profit (loss)9901€124,612€49,327▼ 60.4%
Financial income75/76B€1,500--
Recurring financial income75€1,500--
Financial charges65/66B€1,578€2,201▲ 39.5%
Recurring financial charges65€1,578€2,201▲ 39.5%
Profit (loss) for the period before taxes9903€124,534€47,126▼ 62.2%
Income taxes67/77€31,133--
Profit (loss) for the period9904€93,400€47,126▼ 49.5%
Profit (loss) for the period to be appropriated9905€93,400€47,126▼ 49.5%
Line20202021Change
Assets
Total assets20/58€226,036€309,006▲ 36.7%
Fixed assets21/28€73,941€61,848▼ 16.4%
Tangible fixed assets22/27€73,941€59,508▼ 19.5%
Furniture and vehicles24€73,941€59,508▼ 19.5%
Financial fixed assets28-€2,340-
Current assets29/58€152,095€247,158▲ 62.5%
Amounts receivable after more than one year29€75,000€75,000=
Other amounts receivable291€75,000€75,000=
Amounts receivable within one year40/41€23,415€69,436▲ 197%
Trade receivables40€20,219€51,185▲ 153%
Other amounts receivable41€3,196€18,252▲ 471%
Cash at bank and in hand54/58€51,636€63,505▲ 23.0%
Deferred charges and accrued income490/1€2,044€39,217▲ 1,818%
Equity and liabilities
Total equity and liabilities10/49€226,036€309,006▲ 36.7%
Equity10/15€95,900€143,026▲ 49.1%
Contributions10/11€2,500€2,500=
Reserves13€93,400€93,400=
Distributable reserves133€93,400€93,400=
Profit (loss) carried forward14-€47,126-
Amounts payable17/49€130,135€165,980▲ 27.5%
Amounts payable after more than one year17€51,168€30,364▼ 40.7%
Financial debts170/4€51,168€30,364▼ 40.7%
Amounts payable within one year42/48€78,967€135,615▲ 71.7%
Current portion of amounts payable after more than one year42€10,611€3,267▼ 69.2%
Trade debts44€13,778€48,247▲ 250%
Suppliers440/4€13,778€48,247▲ 250%
Taxes, remuneration and social security45€54,579€84,102▲ 54.1%
Taxes450/3€52,379€84,102▲ 60.6%
Remuneration and social security454/9€2,200--
Line20202021Change
Profit (loss) for the period9904€93,400€47,126▼ 49.5%
+ Depreciation and write-downs630€12,233€21,933▲ 79.3%
Operating cash flow (approximation)€105,634€69,059▼ 34.6%
Investment in fixed assets (approximation)--€9,840-
Change in cash-€11,870-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2024
07-08
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 01-08-2024
2023
14-07
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 11-07-2023
19-06
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 13-06-2023
17-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 321 days late
16-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 685 days late
2021
31-12
Financial Equity above €100,000Eq €143,026 ▲49.1%
2 profitable years in a row build equity to €143,026.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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 2020
seat establishment The establishment unit on the map
Ground area
185 m²
Building footprint
178 m²
Volume, LiDAR
1,786 m³
2 parcels, Flanders · tallest building 17.4 m, ±6 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
FAIR-LOGISTICS
Freight transport by road
since 20202.300.407.854
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1120/00M004 Flanders 143 m² 1 · 70 m² 17.4 m · 6 fl.
13454P0093/00K000 Flanders 42 m² 1 · 108 m² 9.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates
Role Name Tenure
Curator DIRK DEVROE
KROMVENDREEF 15, 2900 SCHOTEN-
01-08-2024 → present
Curator GEERT NAULAERTS
DE MERODELEI 83, 2300 TURN- HOUT- . 55865 MONITEUR BELGE — 19.06.2023 — BELGISCH STAATSBLAD
13-06-2023 → 11-07-2023

Similar companies · same sector, comparable size

Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 6,370 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
Founded05-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.