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FRP LOGISTICS

Active
Private limited companyfounded 20224 yrs activeIndustriepark "De Bruwaan" 27, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0782.569.076
Summary

The computed 12-month bankruptcy probability of FRP LOGISTICS is 1.7% (moderate). The annual accounts of FRP LOGISTICS for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €29,465 and a net result of -€41,300. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 2264 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
FRP LOGISTICSActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410Logistics services NACE 52250NACE 52290
#10 company by total assets in Oudenaarde, Transport and storage sector1 site
Size
€838,015total assets 2025
Staff
2.3 FTE
Equity
€29,465
Loss
-€41,300
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Board
2 members
Accounts 53 d early1 of 3 deeds read
Why 54- Sector Land transport and transport via pipelines (NACE 49)- Equity €29,465 (3.5% of total assets)- Founded in 2022+ Liquidity: current ratio 0.89, cash €294,448Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 32% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 29-2
equity 3.5% of total assets
Liquidity 61+37
short-term debt 61.9% · cash 35.1%
Profitability 62-10
return on assets -4.9%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (8,995 companies)
Last 24 months 11-2024: 6.3% 12-2024: 6.3%● 0.0% vs 11-2024 01-2025: 6.3%● 0.0% vs 12-2024 02-2025: 6.3%● 0.0% vs 01-2025 03-2025: 6.3%● 0.0% vs 02-2025 04-2025: 6.2%▼ -1.4% vs 03-2025 05-2025: 6.2%● 0.0% vs 04-2025 06-2025: 6.2%▼ -0.6% vs 05-2025 07-2025: 6.1%▼ -1.9% vs 06-2025 08-2025: 6.8%▲ +11.4% vs 07-2025highest value 09-2025: 3.9%▼ -42.6% vs 08-2025 10-2025: 3.9%● 0.0% vs 09-2025 11-2025: 3.7%▼ -5.8% vs 10-2025 12-2025: 3.7%● 0.0% vs 11-2025 01-2026: 3.6%▼ -1.1% vs 12-2025 02-2026: 3.6%▲ +0.2% vs 01-2026 03-2026: 3.6%▼ -0.9% vs 02-2026 04-2026: 3.6%▲ +0.5% vs 03-2026 05-2026: 3.7%▲ +1.0% vs 04-2026 06-2026: 4.1%▲ +13.3% vs 05-2026 07-2026: 1.7%▼ -59.0% vs 06-2026lowest value 08-2026: 1.7%▲ +3.1% vs 07-2026 09-2026: 1.7%● 0.0% vs 08-2026 10-2026: 1.7%● 0.0% vs 09-2026
  • Sector Land transport and transport via pipelines (NACE 49) raises the probability
  • Equity €29,465 (3.5% of total assets) raises the probability
  • Founded in 2022 raises the probability for this profile
  • Liquidity: current ratio 0.89, cash €294,448 lowers the probability
Credit up to €1,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.89 against 0.84 in 2024; short-term debt: 61.9% and cash: 35.1% of total assets), and 96.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 17%, liquidity 68%, profitability 33%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Land transport and transport via pipelines (NACE 49)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Equity €29,465 (3.5% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 2022
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 0.89, cash €294,448
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 2264 sector peers (2025).
NBB · sector comparison
Position among 2264 sector peers
Solvency
better than 11%
← weakest strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
53 d early
2024
4 d late
2023
5 d early
2022
31 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 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

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. Usually files around 31 July (3 of the last 4 filed years within 31 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Resignation: Thibaut Thysebaert (sole director)Appointments: VEMOD BV (director) and…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Weakest financial yearnet -€41,300

Key points

  • Caution: From profit to loss in 2025after €26,169 in 2024 -€41,300 View
  • Caution: Among the weakest 8% on net resultsector median €23,810 · 2,260 companies -€41,300 View
  • Board changedlatest change 24-07-2026 · 2 in office 2 joined · 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€838,015
Loss
-€41,300
Solvency
3.5%
Total assets▼ 26.5%
Net result
20222025
Go to Financials

Timeline

Events
7
Since
2023
Next accounts
by 31-07-2027
  1. 24-07-2026Resignation: Thibaut Thysebaert (sole director)
  2. 08-06-2026Annual accounts filed
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
24-02-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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