FIRST LOGISTICS
InactiveFIRST LOGISTICS was declared bankrupt on 19-04-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 24-06-2025, published in the Belgian State Gazette on 11-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-10-2024, 85 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
85 d late
2022
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€51k▲ 33.6%
2022 · €38k
2022: €38k
2022 → 2023
Total assets
€217k▲ 48.7%
2022 · €146k
2022: €146k
2022 → 2023
Net result
€13k▲ 61.0%
2022 · €8k
2022: €8k
2022 → 2023
Working capital
€36k▲ 27.7%
2022 · €28k
2022: €28k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€38k-€51k▲ 33.6%
Operating result€8k-€11k▲ 31.8%
Net result€8k-€13k▲ 61.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 32% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €217k
Fixed assets
€15k ▲ 50.0%
Current assets
€202k ▲ 48.6%
Equity and liabilities €217k
Equity
€51k ▲ 33.6%
Debt
€167k ▲ 54.0%
Debt's share of the balance-sheet total rises from 74.1% to 76.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.21▼
2022 · 1.26
Debt to equity
3.29▲
2022 · 2.86
ROE
25.1%▲
2022 · 20.9%
ROA
5.9%▲
2022 · 5.4%
Debt ≤ 1 year
€167k▲
2022 · €108k
Income taxes
€4k▲
2022 · €2k
Staff costs
€215k▲
2022 · €83k
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 · 2023 against 2022 · 43 lines
Balance sheet
Code20222023
Assets
Total assets20/58€146k€217k▲
Fixed assets21/28€10k€15k▲
Financial fixed assets28€10k€15k▲
Current assets29/58€136k€202k▲
Amounts receivable within one year40/41€132k€198k▲
Trade receivables40€22k€48k▲
Other amounts receivable41€110k€151k▲
Cash at bank and in hand54/58€4k€4k▲
Deferred charges and accrued income490/1€242€242=
Equity and liabilities
Total equity and liabilities10/49€146k€217k▲
Equity10/15€38k€51k▲
Contributions10/11€30k€30k=
Capital10€30k€30k=
Issued capital100€30k€30k=
Reserves13€521€905▲
Non-distributable reserves130/1€521€905▲
Legal reserve130€521€905▲
Profit (loss) carried forward14€7k€20k▲
Amounts payable17/49€108k€167k▲
Amounts payable within one year42/48€108k€167k▲
Trade debts44€43k€55k▲
Suppliers440/4€43k€55k▲
Taxes, remuneration and social security45€66k€112k▲
Taxes450/3€42k€73k▲
Remuneration and social security454/9€24k€38k▲
Income statement
Code20222023
Goods, raw materials, services and sundry goods60/61€278k€306k▲
Remuneration, social security and pensions62€83k€215k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€917-
Other operating charges640/8€3k€3k▼
Gross operating margin9900€96k€229k▲
Operating profit (loss)9901€8k€11k▲
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Financial charges65/66B€1k€383▼
Recurring financial charges65€1k€383▼
Profit (loss) for the period before taxes9903€10k€17k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€8k€13k▲
Profit (loss) for the period to be appropriated9905€8k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€20k▲
Profit (loss) brought forward from the previous period14P-€7k
Transfer to equity691/2€521€385▼
To the legal reserve6920€521€385▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · FIRST LOGISTICS SRL AVENUE DES CROIX DE GUERRE 94, 1120 NEDER-OVER-HEEM- BEEK. déclarée le 19 avril 2024 · event 24-06-2025
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
25-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · FIRST LOGISTICS SRL AVENUE DES CROIX DE GUERRE 94, 1120 NEDER-OVER-HEEMBEEK · event 19-04-2024
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
SignalNBB filing
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
19-04-2024 → 24-06-2025 |