Skip to content

FULL LOGISTIC THUIN

Active
Public limited companyfounded 200521 yrs activeAvenue DELI XL 8, 6530 Thuin, BelgiumKBO/BCE: BE 0871.729.102
Summary

FULL LOGISTIC THUIN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.56M and a net result of €414k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 1124 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability83▲+5
Solvency65=
Growth70▼-2
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.5 in 2023; short-term debt: 32.6% and cash: 16.3% of total assets), and 59.8% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
40.2%
Return on assets
6.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d early
2023
12 d early
2022
17 d late
2021
23 d late
2020
31 d late
2019
95 d late
← before the deadline after the deadline →
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

Financials · fiscal year 2024, full schema

Turnover
€8.93M▼ 2.0%
2023 · €9.11M
2018: €6.05Mlowest in 7 years 2019: €6.46M▲ +6.8% vs 2018 2020: €6.45M▼ -0.2% vs 2019 2021: €7.01M▲ +8.7% vs 2020 2022: €8.24M▲ +17.5% vs 2021 2023: €9.11M▲ +10.6% vs 2022highest in 7 years 2024: €8.93M▼ -2.0% vs 2023
2018 → 2024
EBIT margin
6.9%▲ 0.8pp
2023 · 6.1%
2018: 4.2% 2019: 2.3%▼ -46.1% vs 2018lowest in 7 years 2020: 5.7%▲ +149% vs 2019 2021: 6.3%▲ +10.9% vs 2020 2022: 5.5%▼ -12.2% vs 2021 2023: 6.1%▲ +11.5% vs 2022 2024: 6.9%▲ +12.8% vs 2023highest in 7 years
2018 → 2024
Net result
€414k▲ 2.9%
2023 · €403k
2018: €205k 2019: €88k▼ -56.9% vs 2018lowest in 7 years 2020: €228k▲ +158% vs 2019 2021: €291k▲ +27.7% vs 2020 2022: €263k▼ -9.5% vs 2021 2023: €403k▲ +52.8% vs 2022 2024: €414k▲ +2.9% vs 2023highest in 7 years
2018 → 2024
Working capital
€923k▼ 6.9%
2023 · €992k
2018: €301klowest in 7 years 2019: €777k▲ +158% vs 2018 2020: €838k▲ +7.9% vs 2019 2021: €905k▲ +7.9% vs 2020 2022: €779k▼ -13.9% vs 2021 2023: €992k▲ +27.3% vs 2022highest in 7 years 2024: €923k▼ -6.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€6.45M-€7.01M▲ 8.7%€8.24M▲ 17.5%€9.11M▲ 10.6%€8.93M▼ 2.0% 2020: €6.45Mlowest in 5 years 2021: €7.01M▲ +8.7% vs 2020 2022: €8.24M▲ +17.5% vs 2021 2023: €9.11M▲ +10.6% vs 2022highest in 5 years 2024: €8.93M▼ -2.0% vs 2023
Equity€1.53M-€1.69M▲ 10.7%€1.92M▲ 13.7%€2.31M▲ 20.1%€2.56M▲ 10.9% 2020: €1.53Mlowest in 5 years 2021: €1.69M▲ +10.7% vs 2020 2022: €1.92M▲ +13.7% vs 2021 2023: €2.31M▲ +20.1% vs 2022 2024: €2.56M▲ +10.9% vs 2023highest in 5 years
Operating result€365k-€441k▲ 20.6%€454k▲ 3.1%€560k▲ 23.2%€619k▲ 10.6% 2020: €365klowest in 5 years 2021: €441k▲ +20.6% vs 2020 2022: €454k▲ +3.1% vs 2021 2023: €560k▲ +23.2% vs 2022 2024: €619k▲ +10.6% vs 2023highest in 5 years
Net result€228k-€291k▲ 27.7%€263k▼ 9.5%€403k▲ 52.8%€414k▲ 2.9% 2020: €228klowest in 5 years 2021: €291k▲ +27.7% vs 2020 2022: €263k▼ -9.5% vs 2021 2023: €403k▲ +52.8% vs 2022 2024: €414k▲ +2.9% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
€0€200k€400k€600kOperating result 2020: €365k€365kNet result 2020: €228k€228kOperating result 2021: €441k€441kNet result 2021: €291k€291kOperating result 2022: €454k€454kNet result 2022: €263k€263kOperating result 2023: €560k€560kNet result 2023: €403k€403kOperating result 2024: €619k€619kNet result 2024: €414k€414k20202021202220232024€0€200k€400k€600kOperating result 2022: €454k€454kNet result 2022: €263k€263kOperating result 2023: €560k€560kNet result 2023: €403k€403kOperating result 2024: €619k€619kNet result 2024: €414k€414k202220232024
The operating result has risen four years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.37M
Fixed assets €3.37M ▲ 17.0%
Current assets €3.00M ▲ 1.0%
Equity and liabilities €6.37M
Equity €2.56M ▲ 10.9%
Provisions €35k ▼ 22.3%
Debt €3.77M ▲ 8.0%
Debt's share of the balance-sheet total falls from 59.7% to 59.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.65M▲
2023 · €1.37M
Cash flow
€1.44M▲
2023 · €1.21M
Current ratio
1.44▼
2023 · 1.50
Debt to equity
1.47▼
2023 · 1.51
ROE
16.2%▼
2023 · 17.4%
ROA
6.5%▼
2023 · 6.9%
Interest coverage
23.71▼
2023 · 31.48
Debt ≤ 1 year
€2.08M▲
2023 · €1.98M
Debt > 1 year
€1.69M▲
2023 · €1.51M
Income taxes
€168k▲
2023 · €162k
Staff costs
€4.15M▼
2023 · €4.22M
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 · 2024 against 2023 · 85 lines
Balance sheet Code20232024
Assets
Total assets20/58€5.85M€6.37M▲
Formation expenses20€0-
Fixed assets21/28€2.88M€3.37M▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€2.87M€3.36M▲
Land and buildings22€755k€873k▲
Plant, machinery and equipment23€54k€60k▲
Furniture and vehicles24€210k€326k▲
Leasing and similar rights25€1.85M€2.10M▲
Financial fixed assets28€5k€5k=
Other financial fixed assets284/8€5k€5k=
Amounts receivable and cash guarantees285/8€5k€5k=
Current assets29/58€2.97M€3.00M▲
Amounts receivable within one year40/41€1.75M€1.31M▼
Trade receivables40€1.27M€1.28M▲
Other amounts receivable41€479k€29k▼
Current investments50/53€250k€600k▲
Other investments51/53€250k€600k▲
Cash at bank and in hand54/58€868k€1.04M▲
Deferred charges and accrued income490/1€103k€53k▼
Equity and liabilities
Total equity and liabilities10/49€5.85M€6.37M▲
Equity10/15€2.31M€2.56M▲
Contributions10/11€338k€338k=
Capital10€338k€338k=
Issued capital100€338k€338k=
Reserves13€827k€833k▲
Non-distributable reserves130/1€34k€34k=
Legal reserve130€34k-
Reserves not available under the articles1311-€34k
Tax-exempt reserves132€793k€800k▲
Profit (loss) carried forward14€1.09M€1.35M▲
Investment grants15€55k€42k▼
Provisions and deferred taxes16€45k€35k▼
Deferred taxes168€45k€35k▼
Amounts payable17/49€3.49M€3.77M▲
Amounts payable after more than one year17€1.51M€1.69M▲
Financial debts170/4€1.51M€1.69M▲
Leasing and similar obligations172€1.35M€1.48M▲
Credit institutions173€158k€211k▲
Amounts payable within one year42/48€1.98M€2.08M▲
Current portion of amounts payable after more than one year42€767k€859k▲
Financial debts43€89k€94k▲
Credit institutions430/8€89k€94k▲
Trade debts44€701k€506k▼
Suppliers440/4€701k€449k▼
Bills of exchange payable441-€56k
Taxes, remuneration and social security45€418k€466k▲
Taxes450/3€44k€91k▲
Remuneration and social security454/9€374k€375k▲
Other amounts payable47/48€5k€154k▲
Accrued charges and deferred income492/3€0-
Income statement Code20232024
Operating income70/76A€9.59M€9.45M▼
Turnover70€9.11M€8.93M▼
Other operating income74€478k€521k▲
Operating charges60/66A€9.03M€8.83M▼
Goods for resale, raw materials and consumables60€33k€19k▼
Purchases600/8€33k€19k▼
Services and other goods61€3.66M€3.31M▼
Remuneration, social security and pensions62€4.22M€4.15M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€811k€1.03M▲
Other operating charges640/8€304k€318k▲
Operating profit (loss)9901€560k€619k▲
Financial income75/76B€36k€21k▼
Recurring financial income75€36k€21k▼
Income from financial fixed assets750€16k-
Income from current assets751€8k€11k▲
Other financial income752/9€12k€10k▼
Financial charges65/66B€45k€71k▲
Recurring financial charges65€45k€71k▲
Debt charges650€44k€70k▲
Other financial charges652/9€2k€2k▲
Profit (loss) for the period before taxes9903€550k€569k▲
Transfer from deferred taxes780€14k€13k▼
Income taxes67/77€162k€168k▲
Taxes670/3€227k€168k▼
Tax adjustments and reversals of tax provisions77€66k-
Profit (loss) for the period9904€403k€414k▲
Transfer from tax-exempt reserves789€30k€30k=
Transfer to tax-exempt reserves689€323k€36k▼
Profit (loss) for the period to be appropriated9905€110k€408k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.09M€1.50M▲
Profit (loss) brought forward from the previous period14P€981k€1.09M▲
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)908778.871.1▼

The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Operating income70/76A-€7.54M€8.64M€9.59M€9.45M▼ 1.4%
Turnover70€6.45M€7.01M€8.24M€9.11M€8.93M▼ 2.0%
Other operating income74-€526k€403k€478k€521k▲ 8.8%
Operating charges60/66A-€7.10M€8.19M€9.03M€8.83M▼ 2.2%
Goods for resale, raw materials and consumables60-€11k€19k€33k€19k▼ 42.9%
Purchases600/8-€11k€19k€33k€19k▼ 42.9%
Services and other goods61-€2.94M€3.44M€3.66M€3.31M▼ 9.7%
Remuneration, social security and pensions62-€3.20M€3.73M€4.22M€4.15M▼ 1.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€662k€704k€727k€811k€1.03M▲ 27.0%
Other operating charges640/8-€246k€267k€304k€318k▲ 4.7%
Operating profit (loss)9901€365k€441k€454k€560k€619k▲ 10.6%
Financial income75/76B-€17k€12k€36k€21k▼ 41.7%
Recurring financial income75€1k€17k€12k€36k€21k▼ 41.7%
Income from financial fixed assets750-€3k-€16k--
Income from current assets751--€3€8k€11k▲ 33.8%
Other financial income752/9-€14k€12k€12k€10k▼ 14.5%
Financial charges65/66B-€41k€29k€45k€71k▲ 58.1%
Recurring financial charges65€36k€41k€29k€45k€71k▲ 58.1%
Debt charges650€35k€40k€28k€44k€70k▲ 59.7%
Other financial charges652/9-€812€1k€2k€2k▲ 14.2%
Profit (loss) for the period before taxes9903€330k€417k€436k€550k€569k▲ 3.3%
Transfer from deferred taxes780-€14k€14k€14k€13k▼ 6.2%
Income taxes67/77€121k€140k€187k€162k€168k▲ 3.7%
Taxes670/3-€140k€237k€227k€168k▼ 26.3%
Tax adjustments and reversals of tax provisions77--€50k€66k--
Profit (loss) for the period9904€228k€291k€263k€403k€414k▲ 2.9%
Transfer from tax-exempt reserves789-€30k€30k€30k€30k=
Transfer to tax-exempt reserves689---€323k€36k▼ 88.8%
Profit (loss) for the period to be appropriated9905€284k€321k€293k€110k€408k▲ 272%
Line20202021202220232024Change
Assets
Total assets20/58€5.24M€5.33M€5.55M€5.85M€6.37M▲ 8.9%
Formation expenses20€0€0€0€0--
Fixed assets21/28€2.80M€2.62M€2.73M€2.88M€3.37M▲ 17.0%
Intangible fixed assets21€0€0€0€0--
Tangible fixed assets22/27€2.79M€2.61M€2.72M€2.87M€3.36M▲ 17.1%
Land and buildings22-€1.11M€865k€755k€873k▲ 15.7%
Plant, machinery and equipment23-€34k€67k€54k€60k▲ 11.7%
Furniture and vehicles24-€119k€172k€210k€326k▲ 55.5%
Leasing and similar rights25-€1.35M€1.62M€1.85M€2.10M▲ 13.4%
Financial fixed assets28€9k€9k€7k€5k€5k=
Other financial fixed assets284/8-€9k€7k€5k€5k=
Amounts receivable and cash guarantees285/8-€9k€7k€5k€5k=
Current assets29/58€2.44M€2.72M€2.82M€2.97M€3.00M▲ 1.0%
Amounts receivable within one year40/41€887k€1.25M€1.18M€1.75M€1.31M▼ 25.1%
Trade receivables40-€1.01M€1.12M€1.27M€1.28M▲ 0.9%
Other amounts receivable41-€239k€63k€479k€29k▼ 94.0%
Current investments50/53---€250k€600k▲ 140%
Other investments51/53---€250k€600k▲ 140%
Cash at bank and in hand54/58€1.41M€1.33M€1.57M€868k€1.04M▲ 19.4%
Deferred charges and accrued income490/1-€132k€68k€103k€53k▼ 48.4%
Equity and liabilities
Total equity and liabilities10/49€5.24M€5.33M€5.55M€5.85M€6.37M▲ 8.9%
Equity10/15€1.53M€1.69M€1.92M€2.31M€2.56M▲ 10.9%
Contributions10/11€338k€338k€338k€338k€338k=
Capital10-€338k€338k€338k€338k=
Issued capital100-€338k€338k€338k€338k=
Reserves13€493k€476k€534k€827k€833k▲ 0.7%
Non-distributable reserves130/1-€34k€34k€34k€34k=
Legal reserve130-€34k€34k€34k--
Reserves not available under the articles1311----€34k-
Tax-exempt reserves132-€442k€501k€793k€800k▲ 0.8%
Profit (loss) carried forward14€622k€793k€981k€1.09M€1.35M▲ 23.7%
Investment grants15-€87k€71k€55k€42k▼ 23.6%
Provisions and deferred taxes16€100k€65k€55k€45k€35k▼ 22.3%
Deferred taxes168-€65k€55k€45k€35k▼ 22.3%
Amounts payable17/49€3.61M€3.57M€3.57M€3.49M€3.77M▲ 8.0%
Amounts payable after more than one year17€2.01M€1.75M€1.53M€1.51M€1.69M▲ 11.9%
Financial debts170/4-€1.75M€1.53M€1.51M€1.69M▲ 11.9%
Leasing and similar obligations172-€1.36M€1.37M€1.35M€1.48M▲ 9.4%
Credit institutions173-€396k€160k€158k€211k▲ 33.5%
Amounts payable within one year42/48€1.60M€1.81M€2.04M€1.98M€2.08M▲ 5.0%
Current portion of amounts payable after more than one year42-€793k€776k€767k€859k▲ 11.9%
Financial debts43-€83k€174k€89k€94k▲ 5.9%
Credit institutions430/8-€83k€174k€89k€94k▲ 5.9%
Trade debts44€441k€415k€582k€701k€506k▼ 27.9%
Suppliers440/4-€415k€582k€701k€449k▼ 35.9%
Bills of exchange payable441----€56k-
Taxes, remuneration and social security45-€412k€400k€418k€466k▲ 11.5%
Taxes450/3-€156k€67k€44k€91k▲ 108%
Remuneration and social security454/9-€255k€333k€374k€375k▲ 0.2%
Other amounts payable47/48-€109k€108k€5k€154k▲ 3,320%
Accrued charges and deferred income492/3-€8k€1k€0--
Line20202021202220232024Change
Profit (loss) for the period9904€228k€291k€263k€403k€414k▲ 2.9%
+ Depreciation and write-downs630€662k€704k€727k€811k€1.03M▲ 27.0%
Operating cash flow (approximation)€890k€994k€991k€1.21M€1.44M▲ 19.0%
Investment in fixed assets (approximation)-€-516k€-844k€-956k€-1.52M▼ 59.0%
Change in cash-€-80k€238k€-703k€169k▲ 124%

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

Sign in to download as CSV

Timeline · acts, filings and financial milestones

2026
04-08
State Gazette act Appointments: Thomas Fadel (director) and Isabelle Fadel (director)
Shareholder4 facts ▸
  • General meeting, 17/07/2026
  • Director appointment, Thomas Fadel (director)
  • Director appointment, Isabelle Fadel (director)
  • Shareholder, SA FACO HOLDING
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €414k ▲2.9%
Operating result €619k, net result €414k, both a record.
19-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €2MEq €2.31M ▲20.1%
6 profitable years in a row build equity to €2.31M.
17-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
23-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
03-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 95 days late
2019
31-12
Financial Weakest financial yearnet €88k ▼56.9%
Net result drops to €88k, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
17-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
20-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts

Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not 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
2 directors, last change in 2026
Isabelle Fadel
Director · since 17-07-2026
Current
Thomas Fadel
Director · since 17-07-2026
Current
17-07-2026 Isabelle Fadel: Appointed as Director
17-07-2026 Thomas Fadel: Appointed as Director
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Thuin · 1 establishment unit since 2006
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.

Avenue DELI XL 86530 Thuin
1 establishment unit
Full logistic thuin
Avenue DELI XL 8, 6530 ThuinNACE 6024201
since 20062.151.220.666

Structure & network

Connections & network

1 connected company
Linked via shared directors
→

Recognitions · licences · registrations

Food safety, FASFC

1 site
Thuin2.151.220.666
2 permissions
Vervoer kamer t° levensmiddelen · since 01-06-2007
Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 01-06-2007

Legal Entity Identifier

254900OA91QECBJK7G91
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 2,645 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded07-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
95316Washing and cleaning of motor vehicles
52100Warehousing and storage
52249Warehousing and support activities for transportation
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77222Rental and leasing activities
Contact
Phone 071/59.72.32Thuin
Fax 071597238Thuin

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