FULLCONTROL LOGISTICS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-03-2026 PDF all 15 filings
Turnover
≈ €240,000
Estimated: probably between €160,000 and €420,000
Total assets
€230,745▲ 55.5%
2024 · €148,354
Net result
€74,190
2024 · -€11,893
Working capital
€211,976▲ 55.9%
2024 · €135,940
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
€77,011
2025
20182025
Net result
€74,190
2025
highest quarter of the sector
20182025
Equity
€216,135
▲ 52.3%
2025
highest quarter of the sector
20182025
Total assets
€230,745
▲ 55.5%
2025
highest quarter of the sector
20182025
Debt
€14,610
▲ 128%
2025
20182025
Working capital
€211,976
▲ 55.9%
2025
highest quarter of the sector
20182025
Solvency
93.7%
▼ 2.0pp
2025
highest quarter of the sector
20182025
Current ratio
15.51
▼ 6.70
2025
highest quarter of the sector
20182025
Return on assets (ROA)
32.2%
▲ 40.2pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Operating result€58,561-€17,791▼ 69.6%-€65,980-€5,617€5,358▼ 4.6%-€11,478€77,011
Net result€37,046-€10,312▼ 72.2%-€69,229below the sector's middle half-€4,776within the sector's middle half€5,130within the sector's middle half▲ 7.4%-€11,893below the sector's middle half€74,190above the sector's middle half
Equity€202,849-€213,162▲ 5.1%€143,932above the sector's middle half-€148,709above the sector's middle half▲ 3.3%€153,839above the sector's middle half▲ 3.4%€141,946above the sector's middle half▼ 7.7%€216,135above the sector's middle half▲ 52.3%
Total assets€258,537-€275,957▲ 6.7%€153,324within the sector's middle half-€149,844within the sector's middle half▼ 2.3%€213,676within the sector's middle half▲ 42.6%€148,354within the sector's middle half▼ 30.6%€230,745above the sector's middle half▲ 55.5%
Debt€55,688-€62,795▲ 12.8%€9,392-€1,135▼ 87.9%€59,838▲ 53×€6,408▼ 89.3%€14,610▲ 128%
Working capital€122,452-€150,982▲ 23.3%€107,014above the sector's middle half-€128,278above the sector's middle half▲ 19.9%€142,501above the sector's middle half▲ 11.1%€135,940above the sector's middle half▼ 4.6%€211,976above the sector's middle half▲ 55.9%
Solvency78.5%-77.2%▼ 1.2pp93.9%above the sector's middle half-99.2%above the sector's middle half▲ 5.4pp72.0%above the sector's middle half▼ 27.2pp95.7%above the sector's middle half▲ 23.7pp93.7%above the sector's middle half▼ 2.0pp
Current ratio3.20-3.40▲ 0.2112.39above the sector's middle half-3.38above the sector's middle half22.21above the sector's middle half▲ 18.8315.51above the sector's middle half▼ 6.70
Return on assets (ROA)14.3%-3.7%▼ 10.6pp-45.2%below the sector's middle half-3.2%within the sector's middle half▲ 48.3pp2.4%within the sector's middle half▼ 0.8pp-8.0%below the sector's middle half▼ 10.4pp32.2%above the sector's middle half▲ 40.2pp
above
within
below
The sector band is the middle half of the companies in Postal and courier activities (NACE 53). 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 a profit of €77,011, after a loss of €11,478 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,745
Fixed assets
€4,160 ▼ 30.7%
Current assets
€226,586 ▲ 59.2%
Equity and liabilities €230,745
Equity
€216,135 ▲ 52.3%
Debt
€14,610 ▲ 128%
Debt's share of the balance-sheet total rises from 4.3% to 6.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79,104▲
2024 · -€5,898
Cash flow
€76,283▲
2024 · -€6,313
Debt to equity
0.07▲
2024 · 0.05
ROE
34.3%▲
2024 · -8.4%
Interest coverage
over 100▲
2024 · -14.18
Debt ≤ 1 year
€14,610▲
2024 · €6,408
Income taxes
€2,517
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Financial fixed assets | €248 | €4,120 | - | €248 |
| Depreciation and write-downs of the year | €14,030 | €9,341 | €5,580 | €2,094 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,236 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,887 | €29,125 | €40,498 | €14,030 | €9,341 | €5,580 | €2,094 | ▼ 62.5% |
| Other operating charges640/8 | - | - | - | €483 | €1,003 | €2,274 | €1,083 | ▼ 52.4% |
| Gross operating margin9900 | €94,927 | €51,947 | -€18,576 | €20,130 | €15,702 | -€3,624 | €80,187 | - |
| Operating profit (loss)9901 | €58,561 | €17,791 | -€65,980 | €5,617 | €5,358 | -€11,478 | €77,011 | - |
| Financial income75/76B | - | - | - | €0 | - | €1 | - | - |
| Recurring financial income75 | €216 | €21 | €8 | €0 | - | €1 | - | - |
| Financial charges65/66B | - | - | - | €841 | €228 | €416 | €304 | ▼ 27.0% |
| Recurring financial charges65 | €2,369 | €2,325 | €3,257 | €841 | €228 | €416 | €304 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €56,407 | €15,486 | -€69,229 | €4,776 | €5,130 | -€11,893 | €76,707 | - |
| Income taxes67/77 | €19,361 | €5,174 | - | - | - | - | €2,517 | - |
| Profit (loss) for the period9904 | €37,046 | €10,312 | -€69,229 | €4,776 | €5,130 | -€11,893 | €74,190 | - |
| Profit (loss) for the period to be appropriated9905 | €37,046 | €10,312 | -€69,229 | €4,776 | €5,130 | -€11,893 | €74,190 | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €258,537 | €275,957 | €153,324 | €149,844 | €213,676 | €148,354 | €230,745 | ▲ 55.5% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €80,397 | €62,180 | €36,919 | €20,431 | €11,338 | €6,005 | €4,160 | ▼ 30.7% |
| Tangible fixed assets22/27 | €78,451 | €59,986 | €34,291 | €17,555 | €8,214 | €2,634 | €541 | ▼ 79.5% |
| Plant, machinery and equipment23 | - | - | - | €4,537 | €2,442 | €1,148 | €423 | ▼ 63.2% |
| Furniture and vehicles24 | - | - | - | €1,889 | €0 | €0 | €0 | = |
| Other tangible fixed assets26 | - | - | - | €11,129 | €5,772 | €1,486 | €117 | ▼ 92.1% |
| Financial fixed assets28 | €1,946 | €2,194 | €2,628 | €2,875 | €3,123 | €3,371 | €3,619 | ▲ 7.4% |
| Current assets29/58 | €178,140 | €213,777 | €116,406 | €129,413 | €202,338 | €142,348 | €226,586 | ▲ 59.2% |
| Amounts receivable within one year40/41 | €93,988 | €141,452 | €81,336 | €79,799 | €86,423 | €74,226 | €80,588 | ▲ 8.6% |
| Trade receivables40 | - | - | - | €79,799 | €80,106 | €74,226 | €80,588 | ▲ 8.6% |
| Other amounts receivable41 | - | - | - | - | €6,316 | - | - | - |
| Cash at bank and in hand54/58 | €54,323 | €71,272 | €32,214 | €46,379 | €109,600 | €64,640 | €139,640 | ▲ 116% |
| Deferred charges and accrued income490/1 | - | - | - | €3,234 | €6,316 | €3,482 | €6,357 | ▲ 82.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €258,537 | €275,957 | €153,324 | €149,844 | €213,676 | €148,354 | €230,745 | ▲ 55.5% |
| Equity10/15 | €202,849 | €213,162 | €143,932 | €148,709 | €153,839 | €141,946 | €216,135 | ▲ 52.3% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Contributions outside capital11 | - | - | - | €50,000 | - | - | - | - |
| Other1109/19 | - | - | - | €50,000 | - | - | - | - |
| Reserves13 | €152,849 | €163,162 | €163,162 | €163,162 | €163,162 | €163,162 | €166,135 | ▲ 1.8% |
| Non-distributable reserves130/1 | - | - | - | €5,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €158,162 | €163,162 | €163,162 | €166,135 | ▲ 1.8% |
| Profit (loss) carried forward14 | - | - | -€69,229 | -€64,453 | -€59,323 | -€71,216 | - | - |
| Amounts payable17/49 | €55,688 | €62,795 | €9,392 | €1,135 | €59,838 | €6,408 | €14,610 | ▲ 128% |
| Amounts payable within one year42/48 | €55,688 | €62,795 | €9,392 | €1,135 | €59,838 | €6,408 | €14,610 | ▲ 128% |
| Trade debts44 | €45,371 | €54,443 | €2,621 | €1,133 | €59,625 | €1,685 | €8,628 | ▲ 412% |
| Suppliers440/4 | - | - | - | €1,133 | €59,625 | €1,685 | €8,628 | ▲ 412% |
| Taxes, remuneration and social security45 | - | - | - | €2 | €212 | €4,723 | €5,982 | ▲ 26.7% |
| Taxes450/3 | - | - | - | €2 | €212 | €4,723 | €5,982 | ▲ 26.7% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,046 | €10,312 | -€69,229 | €4,776 | €5,130 | -€11,893 | €74,190 | - |
| + Depreciation and write-downs630 | €31,887 | €29,125 | €40,498 | €14,030 | €9,341 | €5,580 | €2,094 | ▼ 62.5% |
| Operating cash flow (approximation) | €68,933 | €39,437 | -€28,731 | €18,806 | €14,471 | -€6,313 | €76,283 | - |
| Investment in fixed assets (approximation) | - | -€10,907 | - | €2,458 | -€248 | -€248 | -€248 | = |
| Change in cash | - | €16,949 | - | €14,165 | €63,221 | -€44,960 | €75,000 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as FULLCONTROL LOGISTICS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of FULLCONTROL LOGISTICS 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.
| 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 34,693 companies, not a prediction for FULLCONTROL LOGISTICS. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 13-03-2026 | 2026-00054005 | |
| 30-09-2024 | micro format | 14-03-2025 | 2025-00048258 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00073396 | |
| 30-09-2022 | micro format | 09-03-2023 | 2023-00037561 | |
| 30-09-2021 | micro format | 24-03-2022 | 2022-08400526 | |
| 31-12-2019 | abbreviated format | 19-06-2020 | 2020-18400452 | |
| 31-12-2018 | abbreviated format | 11-06-2019 | 2019-17600412 | |
| 31-12-2017 | abbreviated format | 06-06-2018 | 2018-16100254 | |
| 31-12-2016 | abbreviated format | 06-06-2017 | 2017-15100211 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-15900600 |