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GOVERNMENT LOGISTICS

Active
Public limited companyfounded 1986active for 40 yearsBelcrownlaan 23, 2100 Antwerpen, BelgiumKBO/BCE: BE 0428.724.855
Summary

GOVERNMENT LOGISTICS has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €142,779. Equity has been growing by about 16% per year since 2019. Its solvency ranks better than 49% of 861 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Official details

Source: KBO
Status
Active since 24-03-1986 Normal situation
Registered office
18 active companies are registered at this address Source: KBO register, as of 1 November 2026.
Activity
Warehousing and storage NACE 52100and 2 others
Joint committee
226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek · annual accounts 2025
Establishment units
5 establishment units
Financial year end
31 December
Peppol
Reachable since 24-12-2025

Board and ownership

Board
Auditor
Moore Audit
Shareholders

Financial position

64 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Annual accounts 2025
Turnover
€18.7m
▲ 1.9%
Profit
€142,779
▼ 35.9%
Equity
€1.6m
▲ 9.7%
Total assets
€4.4m
▲ 29.2%
Employees on 31-12-2025
55
▲ 3.8%
Filed on 03-07-2026, 28 days before the deadline
Score breakdownraises riskLiquidity: current ratio 1.58, cash €47,3821 change of registered office in 24 months1 of the last 3 accounts lateSector: Warehousing and support activities for transportation (NACE 52)Show the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 39% of medium-sized companies in warehousing and transport support (NACE 52)
Financial strength · tick: 2024
Weak
Solvency 62-6
equity 36.7% of total assets
Liquidity 18-5
short-term debt 63.3% · cash 1.1%
Profitability 46-8
return on assets 3.2%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (176 companies, NACE 52, medium-sized)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.8%▲ +0.4 percentage points vs 03-2025 05-2025: 0.9%▲ +0.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 2.6%▲ +1.6 percentage points vs 07-2025 09-2025: 2.6%● unchanged vs 08-2025 10-2025: 2.6%● unchanged vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.6%● unchanged vs 11-2025 01-2026: 2.6%● unchanged vs 12-2025 02-2026: 2.6%● unchanged vs 01-2026 03-2026: 3.0%▲ +0.4 percentage points vs 02-2026 04-2026: 3.1%▲ +0.1 percentage points vs 03-2026 05-2026: 3.2%▲ +0.1 percentage points vs 04-2026 06-2026: 3.2%● unchanged vs 05-2026highest value 07-2026: 3.2%● unchanged vs 06-2026 08-2026: 1.4%▼ -1.8 percentage points vs 07-2026 09-2026: 1.4%● unchanged vs 08-2026 10-2026: 1.4%● unchanged vs 09-2026 11-2026: 1.4%● unchanged vs 10-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.58 (1.89 in 2024), above the usual 1.5. Short-term debt is 63.3% and cash 1.1% of total assets. However, 63.3% of the assets are financed with debt and provisions.
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 52, medium-sized). It does better than 58% of them on solvency, 20% on liquidity, 26% on profitability and 53% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.58, cash €47,382
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 days early
2024
301 days late
2023
5 days early
2022
6 days early
2021
5 days late
2020
27 days early
2019
17 days early
← 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 32 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 3rd fastest staff growth in Antwerp, Transport and storage sectorin the Checked rankings No. 3 View
  • Caution: Result fell in 2025from €222,811 to €142,779 ▼ 35.9% View
  • Positive: 7 profitable years in a rowprofit 2025: €142,779 7 years View

Comparable companies

These companies have the same main activity as GOVERNMENT LOGISTICS: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €3.2m and €7.1m, founded between 1974 and 1995.

CompanyTotal assetsTurnover
GOVERNMENT LOGISTICS Antwerpen€4.4m€18.7m
NEDCARGO LOGISTICS BELGIUM Willebroek€6.8m€15.3m
BLUE STAR STORAGE Antwerpen€6.5m€15.0m
POLYMER CONTRACTORS Beveren-Kruibeke-Zwijndrecht€3.2m€10.1m
RHENUS AUTOMOTIVE LOGISTICS Genk€7.1m€9.7m
GATES DISTRIBUTION CENTER Aalst€4.2m€13.7m
DISTRIMEDIA Tielt€4.0m€8.2m
Full comparison

Key facts about GOVERNMENT LOGISTICS

What is the company number of GOVERNMENT LOGISTICS?
The company number of GOVERNMENT LOGISTICS is 0428.724.855. The VAT number is the same number with BE in front: BE 0428.724.855.
Where is GOVERNMENT LOGISTICS based?
The registered office is at Belcrownlaan 23, 2100 Antwerpen.Company details
What does GOVERNMENT LOGISTICS do?
According to the KBO register, the main activity is warehousing and storage (NACE 52100).
What is the legal form of GOVERNMENT LOGISTICS?
The legal form of GOVERNMENT LOGISTICS is Public limited company (NV).
When was GOVERNMENT LOGISTICS founded?
GOVERNMENT LOGISTICS was founded on 24-03-1986.
Is GOVERNMENT LOGISTICS still active?
Yes, GOVERNMENT LOGISTICS is an active enterprise in the KBO register.
How many employees does GOVERNMENT LOGISTICS have?
GOVERNMENT LOGISTICS had an average of 51.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does GOVERNMENT LOGISTICS fall under?
In its 2025 annual accounts, GOVERNMENT LOGISTICS states joint committee 226 (Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek).
What is the turnover of GOVERNMENT LOGISTICS?
The turnover of GOVERNMENT LOGISTICS was €18.7m in financial year 2025, according to the filed annual accounts.
Is GOVERNMENT LOGISTICS profitable?
In financial year 2025, GOVERNMENT LOGISTICS made a profit of €142,779.
Where can I find the annual accounts of GOVERNMENT LOGISTICS?
GOVERNMENT LOGISTICS filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GOVERNMENT LOGISTICS due?
GOVERNMENT LOGISTICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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