Equity
€2.9m ▲ 14.8%
FULL LOGISTIC THUIN has made a profit without a break since 2018.
FULL LOGISTIC THUIN
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €5.1m (2015)
-not published
lowest -€31,336 (2009)
€535,882▲ 29.4%
peak €2.9m (2025)
€2.9m▲ 14.8%
€2.9m▼ 22.1%
peak 78.8 FTE (2023)
74.8 FTE▲ 5.2%
Board8 names since 2021
4 directorsFACO HOLDING and 3 others
Owners3 names in the annual accounts
100%FACO HOLDING
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Result from €414,115 to €535,882Dividend €150,000Equity from €2.6m to €2.9mDebts from €3.8m to €2.9mCash from €1.0m to €1.8m
Key points
from the 2025 annual accountsInvestments
€236,442 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
72 employees on 31-12-2025
In 2025, 59 people joined and 61 left. On top of that, 0.9 agency workers worked there on average.
Filings
20 annual accounts since 2006
Six of the last ten came late. The 2019 accounts came latest: 95 days after the end of the period.
Board
2 joined · 2 left
Board changed. Latest change 09-10-2026 · 3 in office.
Position in the sector
€535,882
Higher net result than 85% of companies in land transport. Sector median €48,771 · 1,083 companies.
Checked score
97
Excellent
Financially stronger than 80% of medium-sized companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 275 companies (NACE 49, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Liquidity: current ratio 1.74, cash €1.8m
Founded in 2005
Size: turnover €9.1m, 74.8 FTE, total assets €5.9m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, medium-sized). It does better than 77% of them on solvency, 96% on liquidity, 89% on profitability and 57% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as FULL LOGISTIC THUIN has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of FULL LOGISTIC THUIN itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for FULL LOGISTIC THUIN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €280,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.74 (1.44 in 2024), above the usual 1.5. Short-term debt is 32.1% and cash 29.7% of total assets. However, 50.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
29 days early
2023
12 days early
2022
17 days late
2021
23 days late
2020
31 days late
2019
95 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FACO HOLDING 100%equity €4.0m (2025) · annual accounts 2025
- FACO HOLDING SA consolidatesannual accounts 2025
Recent changes
Resignations: Thomas Fadel Invest SRL (director) and IFI & R SRL (director)
SA FACO HOLDING holds 338 shares · General meeting of 09-10-2026 · Gazette deed
Appointments: Thomas Fadel (director) and Isabelle Fadel (director)
SA FACO HOLDING holds 338 shares · General meeting of 17-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0871729102
Appointment: Christophe REMON & Co (statutory auditor and company auditor)
FACO HOLDING holds 338 shares · General meeting of 26-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FULL LOGISTIC THUIN Thuin | €9.1m | 8.5% | 49.8% | 74.8 |
| CLF trans Heuvelland | €16.7m | 11.3% | 57.8% | 96.3 |
| G. SNEL TRANSPORT BELGIUM Deinze | €17.3m | 0.5% | 15.3% | 77.3 |
| BEVERTRANS Zedelgem | €9.1m | 3.5% | 17.5% | 67.9 |
| NORTRAFFIC Evergem | €12.8m | -10.7% | 2.8% | 79 |
| J.T. Transport Dessel | €13.0m | 7.4% | 46.9% | 56.4 |
| DELLETRANS Leuven | €12.3m | -2.6% | 41.1% | 69.3 |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as FULL LOGISTIC THUIN: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €4.9m and €10m, founded between 1993 and 2012.
Official details
Source: KBO- Status
- Active since 07-02-2005Normal situation
- Activity
- Freight transport by roadNACE 49410and 6 others
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.151.220.6666530 Thuin, since 23-01-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- €5.9m▼ 7.3%
- Employeeson 31-12-2025
- 72▼ 2.7%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on FULL LOGISTIC THUIN
Solvency rose in 2025 from 40.2% to 49.8% because of the retained profit and lower debts.
FACO HOLDING holds all the shares. In December 2023, the Official Gazette published the appointment of FACO HOLDING as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FULL LOGISTIC THUIN
- What is the company number of FULL LOGISTIC THUIN?
- The company number of FULL LOGISTIC THUIN is 0871.729.102. The VAT number is the same number with BE in front: BE 0871.729.102.
- Where is FULL LOGISTIC THUIN based?
- The registered office is at Avenue DELI XL 8, 6530 Thuin.Company details
- What does FULL LOGISTIC THUIN do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of FULL LOGISTIC THUIN?
- FULL LOGISTIC THUIN is a public limited company (NV).
- When was FULL LOGISTIC THUIN founded?
- FULL LOGISTIC THUIN was founded on 07-02-2005.
- Is FULL LOGISTIC THUIN still active?
- Yes, FULL LOGISTIC THUIN is an active enterprise in the KBO register.
- How many employees does FULL LOGISTIC THUIN have?
- FULL LOGISTIC THUIN had an average of 74.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FULL LOGISTIC THUIN fall under?
- In its 2025 annual accounts, FULL LOGISTIC THUIN states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of FULL LOGISTIC THUIN?
- The turnover of FULL LOGISTIC THUIN was €9.1m in financial year 2025, according to the filed annual accounts.
- Is FULL LOGISTIC THUIN profitable?
- In financial year 2025, FULL LOGISTIC THUIN made a profit of €535,882.
- Where can I find the annual accounts of FULL LOGISTIC THUIN?
- FULL LOGISTIC THUIN filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FULL LOGISTIC THUIN due?
- FULL LOGISTIC THUIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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