Result
From profit to loss in 2025, after a profit of €57,333 in 2024.
From profit to loss in 2025, after a profit of €57,333 in 2024.
Debts rose by €238,088 in 2025.
Green is investment, beige is depreciation.
The last five annual accounts were filed 0 to 15 days before the end of the period.
Subsidiary with negative equity. Glendertrans LDA · loss of €440,188 in 2025.
Heads a group.
The dashed line is the sector median: 0.4% across 596 companies (NACE 52, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 94% of them on solvency, 52% on liquidity, 34% on profitability and 33% on growth.
The bankruptcy probability was computed on 07-11-2026 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 low class on 30-06-2025, 0.8% 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).
Liquidity is insufficient, with a current ratio of 0.58 (0.59 in 2024), below 1. Short-term debt is 14.4% and cash 0.5% of total assets. 18.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 3 days before 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.
Shares in 4 companies, including Etablissements Jean Henrard and ORGACOM
Board & ownership| Company | ||||
|---|---|---|---|---|
| GROUP OP DE BEECK-LOGISTICS Olen | €3.6m | €0.9m | 81.3% | 10.4 |
| ZAPPTAX Brussels | €3.3m | €0.8m | -19.5% | 10.8 |
| Contargo Transbox Belgium Wijnegem | €2.9m | €1.4m | 59.9% | 9.7 |
| VertomCory Ghent Antwerp | €2.9m | €0.8m | 10.4% | 6.7 |
| EURO NORDIC AGENCIES BELGIUM Antwerp | €3.6m | €1.6m | 42.3% | 11.7 |
| SILVER-MED Villers-le-Bouillet | €2.8m | €0.8m | 72.6% | 7 |
| CBOX CONTAINERS BELGIUM Antwerp | €2.1m | €0.8m | 3.1% | 6.6 |
These companies have the same main activity as GROUP OP DE BEECK-LOGISTICS: logistics services (NACE 52250). They are comparable in size and age: total assets between €2.1m and €3.6m, founded between 2013 and 2018.
Solvency fell in 2025 from 87.1% to 81.3% because of the loss and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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