IAM - Logistics
ActiveSummary
The computed 12-month bankruptcy probability of IAM - Logistics is 2.3% (moderate). The 2024 annual accounts show equity of €58,141 and a net result of €7,643. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 729 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Other postal and courier activities
NACE 53200
1 site
How big
€141,165turnover 2024
- Equity
- €58,141
- Profit
- €7,643
Who decides
Accounts 62 d overdue0 of 4 deeds read
Why 76- Higher-failure-rate sector- Annual accounts: weaker financial profileFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+7
Solvency94▲+22
Growth42▲+5
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.83 against 1.83 in 2023; short-term debt: 31% and cash: 76.3% of total assets), and 31% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69%
Return on assets
9.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
84 d late
2022
46 d late
2021
141 d late
2019
122 d late
2018
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 83 days after the deadline; the sector median for financial year 2024 is 13 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Financials
Fiscal year 2024Turnover €141,165Profit €7,643Solvency 69.0%Liquidity 2.83
Turnover
€141,165▲ 6.5%
2021 - 2024
Net result
€7,643▲ 92.8%
2018 - 2024
Equity
€58,141▲ 15.1%
2018 - 2024
Solvency
69.0%▲ 21.8pp
2018 - 2024
Financials · fiscal year 2024, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192021202220232024
Turnover€156,033-€196,280▲ 25.8%€132,542▼ 32.5%€141,165▲ 6.5%
Operating result€5,726▼ 61.3%€2,261-€6,221▲ 175%€108▼ 98.3%€7,605▲ 6,942%
Net result€6,584▼ 16.4%€2,159within the sector's middle half-€5,379within the sector's middle half▲ 149%€3,964within the sector's middle half▼ 26.3%€7,643within the sector's middle half▲ 92.8%
EBIT margin1.4%-3.2%▲ 1.7pp0.1%▼ 3.1pp5.4%▲ 5.3pp
Equity€42,935▲ 18.1%€41,154within the sector's middle half-€46,534within the sector's middle half▲ 13.1%€50,498within the sector's middle half▲ 8.5%€58,141within the sector's middle half▲ 15.1%
Total assets€112,323▲ 25.8%€98,618within the sector's middle half-€107,907within the sector's middle half▲ 9.4%€107,118within the sector's middle half▼ 0.7%€84,280within the sector's middle half▼ 21.3%
Debt€69,388▲ 31.2%€57,464-€61,373▲ 6.8%€56,620▼ 7.7%€26,139▼ 53.8%
Working capital-€4,569▲ 28.3%€6,358within the sector's middle half-€19,670within the sector's middle half▲ 209%€38,740within the sector's middle half▲ 96.9%€47,961above the sector's middle half▲ 23.8%
Solvency38.2%▼ 2.5pp41.7%within the sector's middle half-43.1%within the sector's middle half▲ 1.4pp47.1%within the sector's middle half▲ 4.0pp69.0%above the sector's middle half▲ 21.8pp
Current ratio0.92▲ 0.101.11within the sector's middle half-1.38within the sector's middle half▲ 0.271.83within the sector's middle half▲ 0.452.83above the sector's middle half▲ 1.00
Return on assets (ROA)5.9%▼ 3.0pp2.2%within the sector's middle half-5.0%within the sector's middle half▲ 2.8pp3.7%within the sector's middle half▼ 1.3pp9.1%within the sector's middle half▲ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6,942% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,280
Fixed assets
€10,180 ▼ 53.2%
Current assets
€74,100 ▼ 13.2%
Equity and liabilities €84,280
Equity
€58,141 ▲ 15.1%
Debt
€26,139 ▼ 53.8%
Debt's share of the balance-sheet total falls from 52.9% to 31.0%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€19,183▲
2023 · €15,214
Cash flow
€19,221▲
2023 · €19,070
Debt to equity
0.45▼
2023 · 1.12
ROE
13.1%▲
2023 · 7.8%
Interest coverage
109.62▲
2023 · 48.76
Debt ≤ 1 year
€26,139▼
2023 · €46,620
Income taxes
€3,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €156,033 | €196,280 | €132,542 | €141,165 | ▲ 6.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €127,648 | €155,904 | €115,981 | €116,999 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,152 | €24,624 | €23,712 | €15,106 | €11,578 | ▼ 23.4% |
| Other operating charges640/8 | - | €1,500 | €16,374 | €1,347 | €4,983 | ▲ 270% |
| Gross operating margin9900 | €35,300 | €28,385 | €46,307 | €16,561 | €24,166 | ▲ 45.9% |
| Operating profit (loss)9901 | €5,726 | €2,261 | €6,221 | €108 | €7,605 | ▲ 6,942% |
| Financial income75/76B | - | - | - | €4,168 | €4,138 | ▼ 0.7% |
| Recurring financial income75 | €1 | - | - | €4,168 | €4,138 | ▼ 0.7% |
| Non-recurring financial income76B | - | - | - | - | €4,138 | - |
| Financial charges65/66B | - | €102 | €266 | €312 | €175 | ▼ 43.9% |
| Recurring financial charges65 | €310 | €102 | €266 | €312 | €175 | ▼ 43.9% |
| Profit (loss) for the period before taxes9903 | €6,584 | €2,159 | €5,955 | €3,964 | €11,568 | ▲ 192% |
| Income taxes67/77 | - | - | €576 | - | €3,925 | - |
| Profit (loss) for the period9904 | €6,584 | €2,159 | €5,379 | €3,964 | €7,643 | ▲ 92.8% |
| Profit (loss) for the period to be appropriated9905 | €6,584 | €2,159 | €5,379 | €3,964 | €7,643 | ▲ 92.8% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,323 | €98,618 | €107,907 | €107,118 | €84,280 | ▼ 21.3% |
| Fixed assets21/28 | €56,166 | €34,796 | €36,864 | €21,758 | €10,180 | ▼ 53.2% |
| Tangible fixed assets22/27 | €54,960 | €33,310 | €35,098 | €19,992 | €8,414 | ▼ 57.9% |
| Furniture and vehicles24 | - | €33,310 | €35,098 | €19,992 | €8,414 | ▼ 57.9% |
| Financial fixed assets28 | €1,206 | €1,486 | €1,766 | €1,766 | €1,766 | = |
| Current assets29/58 | €56,157 | €63,822 | €71,043 | €85,360 | €74,100 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €22,272 | €5,153 | €18,544 | €8,726 | €9,832 | ▲ 12.7% |
| Trade receivables40 | - | €1,775 | €14,805 | €4,977 | €6,053 | ▲ 21.6% |
| Other amounts receivable41 | - | €3,378 | €3,739 | €3,749 | €3,779 | ▲ 0.8% |
| Cash at bank and in hand54/58 | €33,885 | €43,690 | €52,499 | €76,634 | €64,268 | ▼ 16.1% |
| Deferred charges and accrued income490/1 | - | €14,979 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,323 | €98,618 | €107,907 | €107,118 | €84,280 | ▼ 21.3% |
| Equity10/15 | €42,935 | €41,154 | €46,534 | €50,498 | €58,141 | ▲ 15.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Share premium1100/10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €30,151 | €30,150 | €30,151 | €30,151 | €30,151 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €28,290 | €28,291 | €28,291 | €28,291 | = |
| Profit (loss) carried forward14 | €6,584 | €4,804 | €10,183 | €14,147 | €21,790 | ▲ 54.0% |
| Amounts payable17/49 | €69,388 | €57,464 | €61,373 | €56,620 | €26,139 | ▼ 53.8% |
| Amounts payable after more than one year17 | €8,662 | - | €10,000 | €10,000 | - | - |
| Financial debts170/4 | - | - | €10,000 | €10,000 | - | - |
| Amounts payable within one year42/48 | €60,726 | €57,464 | €51,373 | €46,620 | €26,139 | ▼ 43.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10,000 | - |
| Trade debts44 | €23,319 | €30,253 | €32,863 | €32,161 | €277 | ▼ 99.1% |
| Suppliers440/4 | - | €30,253 | €32,863 | €32,161 | €277 | ▼ 99.1% |
| Taxes, remuneration and social security45 | - | €8,108 | €6,599 | €2,547 | €3,951 | ▲ 55.1% |
| Taxes450/3 | - | €5,801 | €4,292 | €2,547 | €3,951 | ▲ 55.1% |
| Remuneration and social security454/9 | - | €2,307 | €2,307 | - | - | - |
| Other amounts payable47/48 | - | €19,103 | €11,911 | €11,912 | €11,911 | = |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,584 | €2,159 | €5,379 | €3,964 | €7,643 | ▲ 92.8% |
| + Depreciation and write-downs630 | €21,152 | €24,624 | €23,712 | €15,106 | €11,578 | ▼ 23.4% |
| Operating cash flow (approximation) | €27,736 | €26,783 | €29,091 | €19,070 | €19,221 | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | - | -€25,780 | €0 | €0 | - |
| Change in cash | - | - | €8,809 | €24,135 | -€12,366 | ▼ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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BE 0760.937.977
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BERKER
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D&N
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Of 4,916 companies in this sector we hold annual accounts for 1,326. 1,099 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
8 eventsLatest 28-08-2025
History
Acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 141 days late
2021
31-12
Financial
Weakest financial yearnet €2,159 ▼67.2%
Net result drops to €2,159, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €3,000
Flemish government
€3,000
awarded · 2022
Subsidies and aid
Flemish government
2022 · 1 entry · €3,000 awarded · €3,000 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €3,000 | €3,000 |
Company details
Private limited company · founded 26-09-2016Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded26-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662918190
Also
9925:BE0662918190
Registered
29-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Ground area
420 m²
Building footprint
174 m²
Volume, LiDAR
1,888 m³
Parcel 11342A0330/00C008, Flanders · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IAM - Logistics
since 2016unit no. 2.256.584.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11342A0330/00C008 | Flanders | 420 m² | 1 · 174 m² | 12.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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