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FULL LOGISTIC THUIN

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Public limited companyfounded 2005active for 21 yearsAvenue DELI XL 8, 6530 Thuin, BelgiumKBO/BCE: BE 0871.729.102

Financials · financial year 2025, full format

Annual accounts 2025 filed on 26-06-2026 at the NBB all 20 filings

Turnover
€9.1m▲ 1.4%
2024 · €8.9m
EBIT margin
8.5%▲ 1.6pp
2024 · 6.9%
Net result
€535,882▲ 29.4%
2024 · €414,115
Working capital
€1.4m▲ 52.4%
2024 · €923,260
In the rankings #3 employer in Thuin
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€9.1m
▲ 1.4% 2025
20182025
Operating result
€770,968
▲ 24.5% 2025
20182025
Net result
€535,882
▲ 29.4% 2025
highest quarter of the sector
20182025
EBIT margin
8.5%
▲ 1.6pp 2025
20182025
Equity
€2.9m
▲ 14.8% 2025
middle half of the sector
20182025
Total assets
€5.9m
▼ 7.3% 2025
middle half of the sector
20182025
Debt
€2.9m
▼ 22.1% 2025
20182025
Working capital
€1.4m
▲ 52.4% 2025
highest quarter of the sector
20182025
Solvency
49.8%
▲ 9.6pp 2025
middle half of the sector
20182025
Current ratio
1.74
▲ 0.30 2025
middle half of the sector
20182025
Return on assets (ROA)
9.1%
▲ 2.6pp 2025
highest quarter of the sector
20182025
Staff (FTE)
74.8
▲ 5.2% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€6.1m-€6.5m▲ 6.8%€6.5m▼ 0.2%€7.0m▲ 8.7%€8.2m▲ 17.5%€9.1m▲ 10.6%€8.9m▼ 2.0%€9.1m▲ 1.4%
Operating result€0.3m-€0.1m▼ 42.4%€0.4m▲ 149%€0.4m▲ 20.6%€0.5m▲ 3.1%€0.6m▲ 23.2%€0.6m▲ 10.6%€0.8m▲ 24.5%
Net result€0.2m-€0.09m▼ 56.9%€0.2mabove the sector's middle half▲ 158%€0.3mabove the sector's middle half▲ 27.7%€0.3mabove the sector's middle half▼ 9.5%€0.4mabove the sector's middle half▲ 52.8%€0.4mabove the sector's middle half▲ 2.9%€0.5mabove the sector's middle half▲ 29.4%
EBIT margin4.2%-2.3%▼ 1.9pp5.7%▲ 3.4pp6.3%▲ 0.6pp5.5%▼ 0.8pp6.1%▲ 0.6pp6.9%▲ 0.8pp8.5%▲ 1.6pp
Equity€1.1m-€1.2m▲ 14.1%€1.5mabove the sector's middle half▲ 24.2%€1.7mabove the sector's middle half▲ 10.7%€1.9mabove the sector's middle half▲ 13.7%€2.3mabove the sector's middle half▲ 20.1%€2.6mabove the sector's middle half▲ 10.9%€2.9mwithin the sector's middle half▲ 14.8%
Total assets€4.4m-€4.4m▼ 0.2%€5.2mabove the sector's middle half▲ 20.0%€5.3mabove the sector's middle half▲ 1.8%€5.6mwithin the sector's middle half▲ 4.1%€5.8mwithin the sector's middle half▲ 5.4%€6.4mwithin the sector's middle half▲ 8.9%€5.9mwithin the sector's middle half▼ 7.3%
Debt€3.1m-€3.0m▼ 3.9%€3.6m▲ 19.9%€3.6m▼ 1.0%€3.6m▼ 0.1%€3.5m▼ 2.2%€3.8m▲ 8.0%€2.9m▼ 22.1%
Working capital€0.3m-€0.8m▲ 158%€0.8mabove the sector's middle half▲ 7.9%€0.9mabove the sector's middle half▲ 7.9%€0.8mabove the sector's middle half▼ 13.9%€1.0mabove the sector's middle half▲ 27.3%€0.9mabove the sector's middle half▼ 6.9%€1.4mabove the sector's middle half▲ 52.4%
Solvency24.7%-28.2%▲ 3.5pp29.2%within the sector's middle half▲ 1.0pp31.8%within the sector's middle half▲ 2.6pp34.7%within the sector's middle half▲ 2.9pp39.5%within the sector's middle half▲ 4.9pp40.2%within the sector's middle half▲ 0.7pp49.8%within the sector's middle half▲ 9.6pp
Current ratio1.20-1.71▲ 0.511.52within the sector's middle half▼ 0.191.50within the sector's middle half▼ 0.031.38within the sector's middle half▼ 0.121.50within the sector's middle half▲ 0.121.44within the sector's middle half▼ 0.061.74within the sector's middle half▲ 0.30
Return on assets (ROA)4.7%-2.0%▼ 2.7pp4.3%within the sector's middle half▲ 2.3pp5.5%within the sector's middle half▲ 1.1pp4.7%within the sector's middle half▼ 0.7pp6.9%within the sector's middle half▲ 2.1pp6.5%within the sector's middle half▼ 0.4pp9.1%above the sector's middle half▲ 2.6pp
Staff (FTE)65.7-67.7▲ 3.0%68.5above the sector's middle half▲ 1.2%67.4above the sector's middle half▼ 1.6%75.4above the sector's middle half▲ 11.9%78.8above the sector's middle half▲ 4.5%71.1above the sector's middle half▼ 9.8%74.8above the sector's middle half▲ 5.2%
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 24% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.9m
Fixed assets €2.6m ▼ 22.7%
Current assets €3.3m ▲ 10.0%
Equity and liabilities €5.9m
Equity €2.9m ▲ 14.8%
Provisions €24,807 ▼ 28.7%
Debt €2.9m ▼ 22.1%
Debt's share of the balance-sheet total falls from 59.2% to 49.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.7m▲
2024 · €1.6m
Cash flow
€1.5m▲
2024 · €1.4m
Debt to equity
1.00▼
2024 · 1.47
ROE
18.2%▲
2024 · 16.2%
Interest coverage
29.65▲
2024 · 23.71
Debt ≤ 1 year
€1.9m▼
2024 · €2.1m
Debt > 1 year
€1.0m▼
2024 · €1.7m
Income taxes
€200,869▲
2024 · €167,522
Customer credit
47 days▼
2024 · 52 days
Supplier credit
14885 days▲
2024 · 9809 days
Staff costs
€4.3m▲
2024 · €4.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date6983777472
full-time6780746969
part-time23353
in full-time equivalents67.481.275.271.870.2
Average over the year, in full-time equivalents64.675.478.871.174.8
On a permanent contract6982777371
Joined3253202459
Left2839262761
Agency workers, average number3.42.93.320.9
Training hours776--1,290783

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Mortgages, amount registered€990,000€990,000€990,000€990,000€990,000
Carrying value of the mortgaged assets€831,385€702,059€592,331€710,836€617,965

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€758,027€1.1m€968,109€1.5m€236,442
Depreciation and write-downs of the year€703,513€727,345€810,806€1.0m€973,064

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is REMON & CO, Réviseurs d’entreprises.

Item20212022202320242025
Fee for the audit€7,500€8,276€8,388€8,252€8,641

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet Code20242025
Assets
Total assets20/58€6.4m€5.9m▼
Fixed assets21/28€3.4m€2.6m▼
Tangible fixed assets22/27€3.4m€2.6m▼
Land and buildings22€0.9m€0.8m▼
Plant, machinery and equipment23€0.06m€0.04m▼
Furniture and vehicles24€0.3m€0.3m▼
Leasing and similar rights25€2.1m€1.5m▼
Financial fixed assets28€0.005m€0.005m=
Other financial fixed assets284/8€0.005m€0.005m=
Amounts receivable and cash guarantees285/8€0.005m€0.005m=
Current assets29/58€3.0m€3.3m▲
Amounts receivable within one year40/41€1.3m€1.2m▼
Trade receivables40€1.3m€1.2m▼
Other amounts receivable41€0.03m€0.01m▼
Current investments50/53€0.6m€0.3m▼
Other investments51/53€0.6m€0.3m▼
Cash at bank and in hand54/58€1.0m€1.8m▲
Deferred charges and accrued income490/1€0.05m€0.07m▲
Equity and liabilities
Total equity and liabilities10/49€6.4m€5.9m▼
Equity10/15€2.6m€2.9m▲
Contributions10/11€0.3m€0.3m=
Capital10€0.3m€0.3m=
Issued capital100€0.3m€0.3m=
Reserves13€0.8m€0.9m▲
Non-distributable reserves130/1€0.03m€0.03m=
Legal reserve130-€0.03m
Reserves not available under the articles1311€0.03m-
Tax-exempt reserves132€0.8m€0.9m▲
Profit (loss) carried forward14€1.3m€1.6m▲
Investment grants15€0.04m€0.04m▼
Provisions and deferred taxes16€0.03m€0.02m▼
Deferred taxes168€0.03m€0.02m▼
Amounts payable17/49€3.8m€2.9m▼
Amounts payable after more than one year17€1.7m€1.0m▼
Financial debts170/4€1.7m€1.0m▼
Leasing and similar obligations172€1.5m€0.9m▼
Credit institutions173€0.2m€0.1m▼
Amounts payable within one year42/48€2.1m€1.9m▼
Current portion of amounts payable after more than one year42€0.9m€0.7m▼
Financial debts43€0.09m€0.09m▼
Credit institutions430/8€0.09m€0.09m▼
Trade debts44€0.5m€0.6m▲
Suppliers440/4€0.4m€0.6m▲
Bills of exchange payable441€0.06m€0.006m▼
Taxes, remuneration and social security45€0.5m€0.5m▲
Taxes450/3€0.09m€0.1m▲
Remuneration and social security454/9€0.4m€0.4m▲
Other amounts payable47/48€0.2m€0.03m▼
Income statement Code20242025
Operating income70/76A€9.5m€9.6m▲
Turnover70€8.9m€9.1m▲
Other operating income74€0.5m€0.6m▲
Operating charges60/66A€8.8m€8.8m▲
Goods for resale, raw materials and consumables60€0.02m€0.01m▼
Purchases600/8€0.02m€0.01m▼
Services and other goods61€3.3m€3.2m▼
Remuneration, social security and pensions62€4.2m€4.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.0m€1.0m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.002m
Other operating charges640/8€0.3m€0.3m▲
Non-recurring operating charges66A-€0.008m
Operating profit (loss)9901€0.6m€0.8m▲
Financial income75/76B€0.02m€0.02m▼
Recurring financial income75€0.02m€0.02m▼
Income from current assets751€0.01m€0.01m=
Other financial income752/9€0.01m€0.005m▼
Financial charges65/66B€0.07m€0.06m▼
Recurring financial charges65€0.07m€0.06m▼
Debt charges650€0.07m€0.06m▼
Other financial charges652/9€0.002m€0.002m▲
Profit (loss) for the period before taxes9903€0.6m€0.7m▲
Transfer from deferred taxes780€0.01m€0.01m▼
Income taxes67/77€0.2m€0.2m▲
Taxes670/3€0.2m€0.2m▲
Tax adjustments and reversals of tax provisions77-€315
Profit (loss) for the period9904€0.4m€0.5m▲
Transfer from tax-exempt reserves789€0.03m€0.03m=
Transfer to tax-exempt reserves689€0.04m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.4m€0.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.5m€1.8m▲
Profit (loss) brought forward from the previous period14P€1.1m€1.3m▲
Profit to be distributed694/7€0.2m€0.2m=
Return on contributions (dividend)694€0.2m€0.2m=
Social balance sheet
Average headcount (FTE)908771.174.8▲

The notes to these accounts have 66 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€7.5m€8.6m€9.6m€9.5m€9.6m▲ 1.8%
Turnover70€6.1m€6.5m€6.5m€7.0m€8.2m€9.1m€8.9m€9.1m▲ 1.4%
Other operating income74---€0.5m€0.4m€0.5m€0.5m€0.6m▲ 8.7%
Operating charges60/66A---€7.1m€8.2m€9.0m€8.8m€8.8m▲ 0.2%
Goods for resale, raw materials and consumables60---€0.01m€0.02m€0.03m€0.02m€0.01m▼ 26.2%
Purchases600/8---€0.01m€0.02m€0.03m€0.02m€0.01m▼ 26.2%
Services and other goods61---€2.9m€3.4m€3.7m€3.3m€3.2m▼ 2.0%
Remuneration, social security and pensions62---€3.2m€3.7m€4.2m€4.2m€4.3m▲ 2.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.8m€0.7m€0.7m€0.7m€0.8m€1.0m€1.0m▼ 5.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-------€0.002m-
Other operating charges640/8---€0.2m€0.3m€0.3m€0.3m€0.3m▲ 8.5%
Non-recurring operating charges66A-------€0.008m-
Gross operating margin9900€4.0m€4.4m-------
Operating profit (loss)9901€0.3m€0.1m€0.4m€0.4m€0.5m€0.6m€0.6m€0.8m▲ 24.5%
Financial income75/76B---€0.02m€0.01m€0.04m€0.02m€0.02m▼ 25.7%
Recurring financial income75€0.03m€0.01m€0.001m€0.02m€0.01m€0.04m€0.02m€0.02m▼ 25.7%
Income from financial fixed assets750---€0.003m-€0.02m---
Income from current assets751----€3€0.008m€0.01m€0.01m=
Other financial income752/9---€0.01m€0.01m€0.01m€0.01m€0.005m▼ 53.0%
Financial charges65/66B---€0.04m€0.03m€0.05m€0.07m€0.06m▼ 14.6%
Recurring financial charges65€0.05m€0.04m€0.04m€0.04m€0.03m€0.05m€0.07m€0.06m▼ 14.6%
Debt charges650--€0.04m€0.04m€0.03m€0.04m€0.07m€0.06m▼ 15.4%
Other financial charges652/9---€0.001m€0.001m€0.002m€0.002m€0.002m▲ 16.2%
Profit (loss) for the period before taxes9903€0.2m€0.1m€0.3m€0.4m€0.4m€0.6m€0.6m€0.7m▲ 27.6%
Transfer from deferred taxes780---€0.01m€0.01m€0.01m€0.01m€0.01m▼ 13.1%
Income taxes67/77€0.06m€0.04m€0.1m€0.1m€0.2m€0.2m€0.2m€0.2m▲ 19.9%
Taxes670/3---€0.1m€0.2m€0.2m€0.2m€0.2m▲ 20.1%
Tax adjustments and reversals of tax provisions77----€0.05m€0.07m-€315-
Profit (loss) for the period9904€0.2m€0.09m€0.2m€0.3m€0.3m€0.4m€0.4m€0.5m▲ 29.4%
Transfer from tax-exempt reserves789---€0.03m€0.03m€0.03m€0.03m€0.03m=
Transfer to tax-exempt reserves689-----€0.3m€0.04m€0.1m▲ 278%
Profit (loss) for the period to be appropriated9905€0.2m€0.09m€0.3m€0.3m€0.3m€0.1m€0.4m€0.4m▲ 5.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.4m€4.4m€5.2m€5.3m€5.6m€5.8m€6.4m€5.9m▼ 7.3%
Formation expenses20€0€0€0€0€0€0---
Fixed assets21/28€2.6m€2.5m€2.8m€2.6m€2.7m€2.9m€3.4m€2.6m▼ 22.7%
Intangible fixed assets21€0€0€0€0€0€0---
Tangible fixed assets22/27€2.6m€2.5m€2.8m€2.6m€2.7m€2.9m€3.4m€2.6m▼ 22.7%
Land and buildings22---€1.1m€0.9m€0.8m€0.9m€0.8m▼ 10.6%
Plant, machinery and equipment23---€0.03m€0.07m€0.05m€0.06m€0.04m▼ 31.2%
Furniture and vehicles24---€0.1m€0.2m€0.2m€0.3m€0.3m▼ 0.2%
Leasing and similar rights25---€1.3m€1.6m€1.9m€2.1m€1.5m▼ 31.0%
Financial fixed assets28€0.007m€0.007m€0.009m€0.009m€0.007m€0.005m€0.005m€0.005m=
Other financial fixed assets284/8---€0.009m€0.007m€0.005m€0.005m€0.005m=
Amounts receivable and cash guarantees285/8---€0.009m€0.007m€0.005m€0.005m€0.005m=
Current assets29/58€1.8m€1.9m€2.4m€2.7m€2.8m€3.0m€3.0m€3.3m▲ 10.0%
Amounts receivable within one year40/41€1.3m€1.1m€0.9m€1.3m€1.2m€1.8m€1.3m€1.2m▼ 10.3%
Trade receivables40---€1.0m€1.1m€1.3m€1.3m€1.2m▼ 9.3%
Other amounts receivable41---€0.2m€0.06m€0.5m€0.03m€0.01m▼ 54.4%
Current investments50/53-----€0.3m€0.6m€0.3m▼ 50.0%
Other investments51/53-----€0.3m€0.6m€0.3m▼ 50.0%
Cash at bank and in hand54/58€0.4m€0.7m€1.4m€1.3m€1.6m€0.9m€1.0m€1.8m▲ 69.1%
Deferred charges and accrued income490/1---€0.1m€0.07m€0.1m€0.05m€0.07m▲ 36.8%
Equity and liabilities
Total equity and liabilities10/49€4.4m€4.4m€5.2m€5.3m€5.6m€5.8m€6.4m€5.9m▼ 7.3%
Equity10/15€1.1m€1.2m€1.5m€1.7m€1.9m€2.3m€2.6m€2.9m▲ 14.8%
Contributions10/11€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Capital10---€0.3m€0.3m€0.3m€0.3m€0.3m=
Issued capital100---€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€0.4m€0.5m€0.5m€0.5m€0.5m€0.8m€0.8m€0.9m▲ 12.8%
Non-distributable reserves130/1---€0.03m€0.03m€0.03m€0.03m€0.03m=
Legal reserve130---€0.03m€0.03m€0.03m-€0.03m-
Reserves not available under the articles1311------€0.03m--
Tax-exempt reserves132---€0.4m€0.5m€0.8m€0.8m€0.9m▲ 13.3%
Profit (loss) carried forward14€0.3m€0.3m€0.6m€0.8m€1.0m€1.1m€1.3m€1.6m▲ 20.7%
Investment grants15---€0.09m€0.07m€0.06m€0.04m€0.04m▼ 12.6%
Provisions and deferred taxes16€0.2m€0.1m€0.1m€0.06m€0.05m€0.04m€0.03m€0.02m▼ 28.7%
Deferred taxes168---€0.06m€0.05m€0.04m€0.03m€0.02m▼ 28.7%
Amounts payable17/49€3.1m€3.0m€3.6m€3.6m€3.6m€3.5m€3.8m€2.9m▼ 22.1%
Amounts payable after more than one year17€1.7m€1.9m€2.0m€1.8m€1.5m€1.5m€1.7m€1.0m▼ 38.4%
Financial debts170/4---€1.8m€1.5m€1.5m€1.7m€1.0m▼ 38.4%
Leasing and similar obligations172---€1.4m€1.4m€1.4m€1.5m€0.9m▼ 38.5%
Credit institutions173---€0.4m€0.2m€0.2m€0.2m€0.1m▼ 37.5%
Amounts payable within one year42/48€1.5m€1.1m€1.6m€1.8m€2.0m€2.0m€2.1m€1.9m▼ 8.8%
Current portion of amounts payable after more than one year42---€0.8m€0.8m€0.8m€0.9m€0.7m▼ 15.9%
Financial debts43---€0.08m€0.2m€0.09m€0.09m€0.09m▼ 7.7%
Credit institutions430/8---€0.08m€0.2m€0.09m€0.09m€0.09m▼ 7.7%
Trade debts44€0.3m€0.3m€0.4m€0.4m€0.6m€0.7m€0.5m€0.6m▲ 12.0%
Suppliers440/4---€0.4m€0.6m€0.7m€0.4m€0.6m▲ 24.6%
Bills of exchange payable441------€0.06m€0.006m▼ 89.0%
Taxes, remuneration and social security45---€0.4m€0.4m€0.4m€0.5m€0.5m▲ 5.2%
Taxes450/3---€0.2m€0.07m€0.04m€0.09m€0.1m▲ 8.9%
Remuneration and social security454/9---€0.3m€0.3m€0.4m€0.4m€0.4m▲ 4.2%
Other amounts payable47/48---€0.1m€0.1m€0.005m€0.2m€0.03m▼ 80.8%
Accrued charges and deferred income492/3---€0.008m€0.001m€0---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.2m€0.09m€0.2m€0.3m€0.3m€0.4m€0.4m€0.5m▲ 29.4%
+ Depreciation and write-downs630€0.5m€0.8m€0.7m€0.7m€0.7m€0.8m€1.0m€1.0m▼ 5.5%
Operating cash flow (approximation)€0.8m€0.9m€0.9m€1.0m€1.0m€1.2m€1.4m€1.5m▲ 4.5%
Investment in fixed assets (approximation)--€0.7m-€1.0m-€0.5m-€0.8m-€1.0m-€1.5m-€0.2m▲ 86.2%
Change in cash-€0.2m€0.8m-€0.08m€0.2m-€0.7m€0.2m€0.7m▲ 325%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,579 companies had the same profile as FULL LOGISTIC THUIN has now. Two years later, 96.7% were still going and 0.1% had gone bankrupt.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.7% was still going
3.2% stopped otherwise
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 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 26-06-2026 2026-00204920 PDF
31-12-2024 full format 02-07-2025 2025-00218232 PDF
31-12-2023 full format 19-07-2024 2024-00263775 PDF
31-12-2022 full format 17-08-2023 2023-00335189 PDF
31-12-2021 full format 23-08-2022 2022-20306552 PDF
31-12-2020 full format 31-08-2021 2021-62500085 PDF
31-12-2019 full format 03-11-2020 2020-68200339 PDF
31-12-2018 full format 29-08-2019 2019-54900577 PDF
31-12-2017 full format 24-08-2018 2018-50200317 PDF
31-12-2016 full format 17-07-2017 2017-32600372 PDF

Show all 20 filings

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