GENERAL LOGISTICS SYSTEMS BELGIUM

Active

Public limited companyfounded 2002active for 23 yearsHumaniteitslaan 233, 1620 Drogenbos, Belgium16 active companies are registered at this addressKBO/BCE: BE 0479.101.608

Summary

GENERAL LOGISTICS SYSTEMS BELGIUM has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €47.0m and a net result of €5.5m. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 66% of 33 sector peers (NACE 49, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

GENERAL LOGISTICS SYSTEMS BELGIUMActiveChecked score 97/100

Risk analysis Report Compare

Activity

Freight transport by road

NACE 49410

Largest company by total assets in Drogenbos, Transport and storage sector8 sites

Size

€142.0mturnover 2026

Staff: 300.2 FTE
Equity: €47.0m
Profit: €5.5m

Financial health

97 Excellent Checked score 2026

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: International Distribution Services Plc

Achim DünnwaldDirector
Luc De SchrijverDirector

Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises BV/SRL2026 accounts 32 days early5 of 23 deeds summarised

Why 97raises riskSector: Land transport and transport via pipelines (NACE 49)lowers riskSize: turnover €142.0m, 300.2 FTE, total assets €78.3mFounded in 2002Liquidity: current ratio 2.15, cash €11.7mShow the evidence

Checked score

Score 2026

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 80% of its sector peers (NACE 49, large)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Strong

Solvency 85+3

equity 60.0% of total assets

Liquidity 60+14

short-term debt 23.7% · cash 14.9%

Profitability 67-1

return on assets 7.0%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (31 companies, NACE 49, large)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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: 0.2%▲ +0.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.1%▼ -0.1 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.1%▼ -0.1 percentage points vs 09-2026lowest value

Credit of up to €4,550,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.15, compared with 1.85 in 2025, above the usual 1.5; short-term debt: 23.7% and cash: 14.9% of total assets), and 40% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, large): better than 93% on solvency, 90% on liquidity, 77% on profitability and 58% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: turnover €142.0m, 300.2 FTE, total assets €78.3m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2002

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Land transport and transport via pipelines (NACE 49)

KBO

Liquidity: current ratio 2.15, cash €11.7m

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-09-2026, 32 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

32 days early

2025

37 days early

2024

31 days early

2023

34 days early

2022

3 days late

2021

2 days early

2020

5 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-03-2027 year end31-10-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-09-2026 Annual accounts filedfinancial year 2026 · full…
15-10-2025 Resignation: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)Appointment: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises BV/SRL…
24-09-2025 Annual accounts filedfinancial year 2025 · full…

Key points

Positive: Largest company by total assets in Drogenbos, Transport and storage sectorin the Checked rankings No. 1 View
Positive: 8 profitable years in a rowprofit 2026: €5.5m 8 years View
Controlled by International Distribution Services Plcknown shareholders 100% parent View
Positive: Filed on time since financial year 2023accounts within the deadline every year 4 years View
Flemish supportawarded from 2022 to 2025 €77,713 View

By topic

Financials

Financial year: 2026
Turnover: €142.0m
Profit: €5.5m
Solvency: 60.0%

Turnover▼ 3.4%

Net result

20192026

Go to Financials

Board & ownership

Board: 2 members
Parent: International Distribution Services Plc
Known shareholders: 100%
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises BV/SRL

Achim DünnwaldDirector
Luc De SchrijverDirector

Go to Board & ownership

Timeline

Events: 31
Since: 2005
Next accounts: by 31-10-2027

11-07-2025Permanent representative: Melissa Carton
29-11-2024Appointment: Achim Dünnwald (director)
30-09-2024Annual accounts filed

Go to Timeline

Company details

Sites: 8

Legal form: Public limited company
Activity: Freight transport by roadNACE 49410
Founded: 20-12-2002
Year ends: 31-03
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 22

Annual meeting: Second Monday of September at 10:00
Purpose: “De expeditie,overslag,opslag,commissiehandel,transporteren en klaarzetten van alle soorten…” (deed in Dutch)

Go to Articles of association

Key facts about GENERAL LOGISTICS SYSTEMS BELGIUM

What is the company number of GENERAL LOGISTICS SYSTEMS BELGIUM?: 0479.101.608. In Belgium the VAT number is the company number with BE in front: BE 0479.101.608.
Where is GENERAL LOGISTICS SYSTEMS BELGIUM based?: The registered office is at Humaniteitslaan 233, 1620 Drogenbos.Company details
What does GENERAL LOGISTICS SYSTEMS BELGIUM do?: According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of GENERAL LOGISTICS SYSTEMS BELGIUM?: Public limited company (NV).
When was GENERAL LOGISTICS SYSTEMS BELGIUM founded?: On 20-12-2002.
Is GENERAL LOGISTICS SYSTEMS BELGIUM still active?: Yes, GENERAL LOGISTICS SYSTEMS BELGIUM is an active enterprise in the KBO register.
How many employees does GENERAL LOGISTICS SYSTEMS BELGIUM have?: On average 300.2 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of GENERAL LOGISTICS SYSTEMS BELGIUM?: €142.0m in financial year 2026, according to the filed annual accounts.
Is GENERAL LOGISTICS SYSTEMS BELGIUM profitable?: In financial year 2026, GENERAL LOGISTICS SYSTEMS BELGIUM made a profit of €5.5m.
Where can I find the annual accounts of GENERAL LOGISTICS SYSTEMS BELGIUM?: GENERAL LOGISTICS SYSTEMS BELGIUM filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of GENERAL LOGISTICS SYSTEMS BELGIUM due?: By 31-10-2027, for financial year 2027.Timeline