FAST LOGISTICS
InactiveFAST LOGISTICS was declared bankrupt on 28-03-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 10-12-2024, published in the Belgian State Gazette on 16-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 03-02-2022, 187 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
187 d late
2019
297 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 242 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€305,619▼ 63.5%
2019 · €837,094
EBIT margin
19.2%▲ 9.3pp
2019 · 9.9%
Net result
€45,831▼ 12.4%
2019 · €52,318
Working capital
€104,096▲ 71.1%
2019 · €60,849
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
Line20192020
Turnover€837,094-€305,619▼ 63.5%
Operating result€82,873-€58,817▼ 29.0%
Net result€52,318-€45,831▼ 12.4%
EBIT margin9.9%-19.2%▲ 9.3pp
Equity€64,718-€110,548▲ 70.8%
Total assets€123,316-€210,469▲ 70.7%
Debt€56,099-€97,420▲ 73.7%
Working capital€60,849-€104,096▲ 71.1%
Staff (FTE)0.8-
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 2020; 2020 is 29% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €210,469
Fixed assets
€16,952 ▲ 18.0%
Current assets
€193,516 ▲ 77.6%
Equity and liabilities €210,469
Equity
€110,548 ▲ 70.8%
Provisions
€2,500 =
Debt
€97,420 ▲ 73.7%
Debt's share of the balance-sheet total rises from 45.5% to 46.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,233▼
2019 · €115,315
Cash flow
€56,247▼
2019 · €84,759
Current ratio
2.16▼
2019 · 2.27
Debt to equity
0.07▼
2019 · 0.12
ROE
41.5%▼
2019 · 80.8%
ROA
21.8%▼
2019 · 42.4%
Debt ≤ 1 year
€89,420▲
2019 · €48,099
Debt > 1 year
€8,000=
2019 · €8,000
Income taxes
€13,737▼
2019 · €30,138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €837,094 | €305,619 | ▼ 63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,441 | €10,416 | ▼ 67.9% |
| Gross operating margin9900 | €153,192 | €91,388 | ▼ 40.3% |
| Operating profit (loss)9901 | €82,873 | €58,817 | ▼ 29.0% |
| Recurring financial income75 | €405 | €1,424 | ▲ 251% |
| Recurring financial charges65 | €823 | €673 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €82,456 | €59,568 | ▼ 27.8% |
| Income taxes67/77 | €30,138 | €13,737 | ▼ 54.4% |
| Profit (loss) for the period9904 | €52,318 | €45,831 | ▼ 12.4% |
| Profit (loss) for the period to be appropriated9905 | €52,318 | €45,831 | ▼ 12.4% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €123,316 | €210,469 | ▲ 70.7% |
| Fixed assets21/28 | €14,369 | €16,952 | ▲ 18.0% |
| Tangible fixed assets22/27 | €14,369 | €16,952 | ▲ 18.0% |
| Current assets29/58 | €108,948 | €193,516 | ▲ 77.6% |
| Amounts receivable within one year40/41 | €67,543 | €40,649 | ▼ 39.8% |
| Cash at bank and in hand54/58 | €41,404 | €107,496 | ▲ 160% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €123,316 | €210,469 | ▲ 70.7% |
| Equity10/15 | €64,718 | €110,548 | ▲ 70.8% |
| Contributions10/11 | €12,400 | €12,400 | = |
| Reserves13 | - | €1,860 | - |
| Profit (loss) carried forward14 | €52,318 | €96,288 | ▲ 84.0% |
| Provisions and deferred taxes16 | €2,500 | €2,500 | = |
| Amounts payable17/49 | €56,099 | €97,420 | ▲ 73.7% |
| Amounts payable after more than one year17 | €8,000 | €8,000 | = |
| Amounts payable within one year42/48 | €48,099 | €89,420 | ▲ 85.9% |
| Trade debts44 | €17,584 | €45,533 | ▲ 159% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €52,318 | €45,831 | ▼ 12.4% |
| + Depreciation and write-downs630 | €32,441 | €10,416 | ▼ 67.9% |
| Operating cash flow (approximation) | €84,759 | €56,247 | ▼ 33.6% |
| Investment in fixed assets (approximation) | - | -€13,000 | - |
| Change in cash | - | €66,092 | - |
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
2024
16-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 10-12-2024
2023
03-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 28-03-2023
2022
03-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 187 days late
2021
24-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 297 days late
2020
31-12
Financial
Equity above €100,000Eq €110,548 ▲70.8%
2 profitable years in a row build equity to €110,548.
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.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
28-03-2023 → 10-12-2024 |