INDAVER LOGISTICS
ActiveSummary
INDAVER LOGISTICS has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of -€202,715. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 1918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average 102 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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 49, Land transport and transport via pipelines, 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), Staff (FTE).
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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 8,612 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0.08m | €0.05m | €0.07m | €0.04m | €0.06m | ▲ 28.7% |
| Remuneration, social security and pensions62 | €2.0m | €2.1m | €2.3m | €2.4m | €2.4m | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 21.1% |
| Other operating charges640/8 | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | ▲ 19.8% |
| Gross operating margin9900 | €3.4m | €3.3m | €3.3m | €3.1m | €2.6m | ▼ 16.0% |
| Operating profit (loss)9901 | €0.8m | €0.6m | €0.4m | €0.3m | -€0.2m | ▼ 190% |
| Financial income75/76B | €0.02m | €0.02m | €0.02m | €0.04m | €0.03m | ▼ 30.3% |
| Recurring financial income75 | €0.02m | €0.02m | €0.02m | €0.04m | €0.03m | ▼ 30.3% |
| Financial charges65/66B | €0.003m | €0.004m | €0.003m | €0.002m | €0.002m | ▲ 2.2% |
| Recurring financial charges65 | €0.003m | €0.004m | €0.003m | €0.002m | €0.002m | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €0.8m | €0.6m | €0.4m | €0.3m | -€0.2m | ▼ 168% |
| Income taxes67/77 | €0.2m | €0.2m | €0.1m | €0.1m | €299 | ▼ 99.7% |
| Profit (loss) for the period9904 | €0.6m | €0.4m | €0.3m | €0.2m | -€0.2m | ▼ 202% |
| Transfer from tax-exempt reserves789 | - | - | €0.09m | €0.03m | €0.4m | ▲ 1,394% |
| Transfer to tax-exempt reserves689 | €0.3m | €0.2m | €0.07m | €0.1m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.2m | €0.3m | €0.1m | €0.2m | ▲ 42.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €4.6m | €3.5m | €3.8m | €3.3m | ▼ 11.6% |
| Fixed assets21/28 | €1.7m | €1.6m | €1.3m | €1.0m | €1.0m | ▼ 1.6% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.3m | €1.0m | €1.0m | ▼ 1.6% |
| Furniture and vehicles24 | €1.7m | €1.6m | €1.3m | €1.0m | €1.0m | ▼ 1.6% |
| Financial fixed assets28 | €0.006m | €0.004m | €0.005m | €0.003m | €0.003m | = |
| Current assets29/58 | €2.6m | €2.9m | €2.1m | €2.8m | €2.3m | ▼ 15.3% |
| Stocks and contracts in progress3 | €0.02m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 14.8% |
| Stocks30/36 | €0.02m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 14.8% |
| Amounts receivable within one year40/41 | €2.5m | €2.9m | €2.1m | €2.7m | €2.3m | ▼ 15.3% |
| Trade receivables40 | €1.9m | €1.8m | €1.3m | €1.4m | €1.4m | ▲ 5.2% |
| Other amounts receivable41 | €0.6m | €1.1m | €0.8m | €1.4m | €0.9m | ▼ 36.0% |
| Cash at bank and in hand54/58 | €0.002m | €0.002m | €55 | €19 | €19 | = |
| Deferred charges and accrued income490/1 | €0.002m | €0.003m | €0.005m | €0.005m | €0.004m | ▼ 25.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €4.6m | €3.5m | €3.8m | €3.3m | ▼ 11.6% |
| Equity10/15 | €1.7m | €2.1m | €2.4m | €2.6m | €2.4m | ▼ 8.0% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €1.2m | €1.4m | €1.4m | €1.5m | €1.5m | = |
| Non-distributable reserves130/1 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | €1.2m | €1.4m | €1.3m | €1.4m | €1.0m | ▼ 26.9% |
| Distributable reserves133 | - | - | €0.09m | €0.1m | €0.5m | ▲ 323% |
| Profit (loss) carried forward14 | €0.4m | €0.6m | €0.8m | €0.9m | €0.7m | ▼ 22.1% |
| Investment grants15 | €0.04m | €0.03m | €0.02m | €0.01m | €0.005m | ▼ 51.0% |
| Amounts payable17/49 | €2.5m | €2.5m | €1.1m | €1.2m | €1.0m | ▼ 19.4% |
| Amounts payable within one year42/48 | €2.5m | €2.5m | €1.1m | €1.2m | €1.0m | ▼ 19.4% |
| Trade debts44 | €2.2m | €2.1m | €0.7m | €0.8m | €0.5m | ▼ 40.1% |
| Suppliers440/4 | €2.2m | €2.1m | €0.7m | €0.8m | €0.5m | ▼ 40.1% |
| Taxes, remuneration and social security45 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 26.8% |
| Taxes450/3 | €0.01m | €0.01m | €0.08m | €0.09m | €0.1m | ▲ 55.0% |
| Remuneration and social security454/9 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 18.2% |
| Other amounts payable47/48 | €0.05m | €0.04m | - | €0.02m | - | - |
| Accrued charges and deferred income492/3 | €0.001m | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.4m | €0.3m | €0.2m | -€0.2m | ▼ 202% |
| + Depreciation and write-downs630 | €0.6m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 21.1% |
| Operating cash flow (approximation) | €1.2m | €1.0m | €0.9m | €0.7m | €0.2m | ▼ 74.9% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.3m | -€0.2m | -€0.4m | ▼ 121% |
| Change in cash | - | -€0.001m | -€0.002m | -€37 | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
11-05
State Gazette act
Reappointment: Annick Van Driessen (director)3 facts ▸
- General meeting, 19-03-2026
- Director reappointment, Annick Van Driessen (director)
- Other statement, bestuurder, vaststelling einde bestuurdersmandaat
06-03
State Gazette act
Resignation: Rob Kruitwagen (director)Reappointment: EY Bedrijfsrevisoren BV (statutory auditor) · Appointments: Avelin BV, Entra Mobile BV and 3 others · Permanent representatives: Jonathan Van Steelant, Dirk Michielsens and 3 others16 facts ▸
- General meeting, 15-01-2026
- Board meeting, 06-02-2026
- Director resignation, Rob Kruitwagen (director)
- Director discharge, Rob Kruitwagen
- Auditor reappointment, EY Bedrijfsrevisoren BV
- Power of attorney
- Director appointment, Avelin BV (director indaver holding nv)
- Permanent representative, Jonathan Van Steelant
- Director appointment, Entra Mobile BV (director indaver holding nv)
- Permanent representative, Dirk Michielsens
- Director appointment, PDB BV (director indaver holding nv)
- Permanent representative, Paul De Bruycker
- +4 further facts in this act
10-04
State Gazette act
Reappointments: Alain Konings (director) and EY Bedrijfsrevisoren BV (statutory auditor)Resignations: Alain Konings (director) and EY Bedrijfsrevisoren BV (statutory auditor) · Mandate compensation7 facts ▸
- General meeting, 20-03-2025
- Director reappointment, Alain Konings (director)
- Mandate compensation, Alain Konings
- Auditor reappointment, EY Bedrijfsrevisoren BV
- Director resignation, Alain Konings (director)
- Auditor resignation, EY Bedrijfsrevisoren BV
- Mandate compensation, EY Bedrijfsrevisoren BV
17-02
State Gazette act
Appointments: Avelin BV, Entra Mobile BV and 88 othersPermanent representatives: Jonathan Van Steelant, Dirk Michielsens and 3 others · Power of attorney125 facts ▸
- Board meeting, 22-01-2025
- Power of attorney, Indaver Holding NV
- Director appointment, Avelin BV (director)
- Permanent representative, Jonathan Van Steelant
- Director appointment, Entra Mobile BV (director)
- Permanent representative, Dirk Michielsens
- Director appointment, PDB BV (director)
- Permanent representative, Paul De Bruycker
- Director appointment, Gavilán Consulting BV (ceo)
- Permanent representative, Karl Huts
- Director appointment, Tsundoku Ventures BV (cfo)
- Permanent representative, Hilde Vangilbergen
- +113 further facts in this act
18-09
State Gazette act
Statutes amendmentLegal-form conversion · Capital · Purpose change5 facts ▸
- General meeting, 03-09-2024
- Legal-form conversion, Naamloze vennootschap (NV)
- Capital, €123.946,76
- Purpose change, alle vervoer van goederen en personen in de ruimste zin opgevat, zowel voor eigen rekening als voor rekening van derden, in binnen- en buitenland; activiteiten…
- Statutes amendment
11-09
State Gazette act
Appointment: Mathieu Meunier (bedrijfsleider, belast met het dagelijks bestuur)Resignation: Vernyns (bedrijfsleider, belast met het dagelijks bestuur)3 facts ▸
- Board meeting, 01-08-2024
- Director appointment, Mathieu Meunier (bedrijfsleider, belast met het dagelijks bestuur)
- Director resignation, Vernyns (bedrijfsleider, belast met het dagelijks bestuur)
20-06
State Gazette act
Resignations & appointmentsBoard meeting1 fact ▸
- Board meeting, 06-05-2024
02-05
State Gazette act
Reappointments: Ernst & Young Bedrijfsrevisoren BCVBA, Rob Kruitwagen and Annick Van DriessenMandate compensation8 facts ▸
- General meeting, 17-03-2022
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
- Mandate compensation, Ernst & Young Bedrijfsrevisoren BCVBA
- General meeting, 16-03-2023
- Director reappointment, Rob Kruitwagen (director)
- Director reappointment, Annick Van Driessen (director)
- Mandate compensation, Rob Kruitwagen
- Mandate compensation, Annick Van Driessen
Show earlier events
22-12
State Gazette act
Appointment: Valentijn Vernyns (directeur, belast met het dagelijks bestuur)4 facts ▸
- Board meeting, 21-10-2020
- Director appointment, Valentijn Vernyns (directeur, belast met het dagelijks bestuur)
- Director appointment, Valentijn Vernyns (bedrijfsleider)
- Director appointment, Valentijn Vernyns (bedrijfsleider, belast met het dagelijks bestuur)
23-07
State Gazette act
Resignation: Geert Maes (director)Appointment: Alain Konings (director) · Reappointments: Alain Konings (director) and Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Mandate compensation8 facts ▸
- Board meeting, 19-12-2018
- Director resignation, Geert Maes (director)
- Director appointment, Alain Konings (director)
- Mandate compensation, Alain Konings
- General meeting, 21-03-2019
- Director reappointment, Alain Konings (director)
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
- Mandate compensation, Ernst & Young Bedrijfsrevisoren BCVBA
25-04
State Gazette act
Resignations: Rob Kruitwagen, Peter Vandendriessche and Annick Van DriessenReappointments: Rob Kruitwagen (director) and Annick Van Driessen (director)7 facts ▸
- General meeting, 16-03-2017
- Director resignation, Rob Kruitwagen (director)
- Director resignation, Peter Vandendriessche (director)
- Director resignation, Annick Van Driessen (director)
- Director reappointment, Rob Kruitwagen (director)
- Director reappointment, Annick Van Driessen (director)
- Director resignation, Peter Vandendriessche (director)
03-06
State Gazette act
Resignation: Grant Thornton bedrijfsrevisoren CVBA (statutory auditor)Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Mandate compensation4 facts ▸
- General meeting, 17-03-2016
- Auditor resignation, Grant Thornton bedrijfsrevisoren CVBA
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
- Mandate compensation, Ernst & Young Bedrijfsrevisoren BCVBA
16-06
State Gazette act
Resignation: Geert Maes (director)Appointment: Geert Maes (director)3 facts ▸
- General meeting, 19-03-2015
- Director resignation, Geert Maes (director)
- Director appointment, Geert Maes (director)
14-05
State Gazette act
Reappointment: Grant Thornton Bedrijfsrevisoren CVBA (statutory auditor)2 facts ▸
- General meeting, 21-03-2013
- Auditor reappointment, Grant Thornton Bedrijfsrevisoren CVBA (statutory auditor)
24-10
State Gazette act
Appointment: PKF bedrijfsrevisoren BCVBA (statutory auditor)Permanent representative: Bart Meynendonckx3 facts ▸
- General meeting, 15-03-2012
- Auditor appointment, PKF bedrijfsrevisoren BCVBA (statutory auditor)
- Permanent representative, Bart Meynendonckx
16-06
State Gazette act
Resignations: Willy Groffils, Bart Goethals and Ignace Van HaeckeAppointments: Rob (Rutgerus) Kruitwagen, Peter Vandendriessche and Annick Van Driessen · Mandate compensation10 facts ▸
- General meeting, 17-03-2011
- Director resignation, Willy Groffils (director)
- Director resignation, Bart Goethals (director)
- Director resignation, Ignace Van Haecke (director)
- Director appointment, Rob (Rutgerus) Kruitwagen (director)
- Director appointment, Peter Vandendriessche (director)
- Director appointment, Annick Van Driessen (director)
- Mandate compensation, Rob (Rutgerus) Kruitwagen
- Mandate compensation, Peter Vandendriessche
- Mandate compensation, Annick Van Driessen
12-05
State Gazette act
Reappointment: LMD & Partners Bedrijfsrevisoren (statutory auditor)2 facts ▸
- General meeting, 18-03-2010
- Auditor reappointment, LMD & Partners Bedrijfsrevisoren
20-07
State Gazette act
Appointments: Ignace Van Haecke, Willy Groffils and 2 othersDirector resignation · Mandate compensation10 facts ▸
- General meeting, 19-03-2009
- Director resignation, director
- Director appointment, Ignace Van Haecke (director)
- Director appointment, Willy Groffils (director)
- Director appointment, Bart Goethals (director)
- Director appointment, Geert Maes (director)
- Mandate compensation, Ignace Van Haecke
- Mandate compensation, Willy Groffils
- Mandate compensation, Bart Goethals
- Mandate compensation, Geert Maes
26-07
State Gazette act
Reappointment: LMD & Partners Bedryfsrevisoren (statutory auditor)2 facts ▸
- General meeting, 15-03-2007
- Auditor reappointment, LMD & Partners Bedryfsrevisoren
26-07
State Gazette act
Resignations & appointmentsPower of attorney4 facts ▸
- Board meeting, 29-06-2007
- Power of attorney, Valentijn Vernyns
- Power of attorney, Luc Van Hoof
- Power of attorney, Bart Van Assche
20-09
State Gazette act
Appointment: Bart Goethals (director)Reappointment: L.M D. & Partners (statutory auditor) · Mandate compensation4 facts ▸
- General meeting, 18-03-2004
- Director appointment, Bart Goethals (director)
- Mandate compensation, Bart Goethals
- Auditor reappointment, L.M D. & Partners
Directors · office · real estate
Board 8
Day-to-day management 3
Permanent representatives 5
Statutory auditor 1
Other functions 84
Show all 84 office holders
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0024/00G000 | Flanders | 5.3 ha | 1 · 707 m² | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Annick Van Driessen |
|
| Alain Konings |
|
| Avelin BV |
|
| ENTRA MOBILE BV |
|
| Gregory Cloquet |
|
| Kristien Schoonjans |
|
| Michael Geary |
|
| PDB BV |
|
| Valentijn Vernyns |
|
| Mathieu Meunier |
|
| Gavilán Consulting BV |
|
| Ernst et Young Reviseurs d'Entreprises |
|
| Bart Goethals |
|
| Aad Koekkoeck |
|
| Aldo De Boer |
|
| Alexander Bom |
|
| Andreas Ellerkmann |
|
| Andres Van Brecht |
|
| Arian Meerkerk |
|
| Aura Visan |
|
| Berend Zwaga |
|
| Bert Vink |
|
| Brendan Kavanagh |
|
| Chantal Jonkers |
|
| Christoph Lemke |
|
| Daniel Dziewior |
|
| David Cuniffe |
|
| Eis Seghers |
|
| Els Thys |
|
| Erik Moerman |
|
| Fergal O'Loughlin |
|
| Fiona Marshall |
|
| Florian Grote |
|
| Francis De Schepper |
|
| Geert Laenens |
|
| Geert Pluckers |
|
| Geert Torremans |
|
| Gerrit Jan Georg |
|
| Grace Mc Cormack |
|
| Guy Roosenbroeck |
|
| Ilse Janssens |
|
| Ine Mertens |
|
| Jackie Keaney |
|
| Jan Jacobs |
|
| Jeroen Bastiaans |
|
| Joeke Van Der Mei |
|
| Johan Offeciers |
|
| John Commons |
|
| John Little |
|
| John Tatton |
|
| Joke Bobelyn |
|
| Jonas Rubrech |
|
| Karl Vrancken |
|
| Korneel Van Aelst |
|
| Liesbeth Gommers |
|
| Manfred Dörsam |
|
| Marc DE VOLDER |
|
| Marcel Coenen |
|
| Marcus Blum |
|
| Mariet Jaspers |
|
| Marleen Ramakers |
|
| Martin Smit |
|
| Mathieu Verdugt |
|
| Matthias Pauly |
|
| Myra Latuheru |
|
| Nanda De Leeuw |
|
| Peter Birthistle |
|
| Piet Smis |
|
| Quirijn Bos |
|
| Ralf Hofmann |
|
| Robby Schatteman |
|
| Ruth Appelbe |
|
| Sandra Freitas |
|
| Seamus Flynn |
|
| Shane McElvanna |
|
| Sonja Houben |
|
| Stefan Kühnback |
|
| Stefan Opdenakker |
|
| Stefan Wirth |
|
| Steffen Enzmann |
|
| Stephan Gevaert |
|
| Steve Schrauven |
|
| Steven De Laet |
|
| Sven De Neef |
|
| Thomas Schielein |
|
| Tom Nelissen |
|
| Tsundoku Ventures BV |
|
| Uros Kresovic |
|
| Vincent Kok |
|
| Wim Ooms |
|
| Youri Michiels |
|
| Rob Kruitwagen |
|
| Vernyns |
|
| Geert Maes |
|
| Peter Vandendriessche |
|
| Grant Thornton, Bedrijfsrevisoren CVBA |
|
| BCVBA PKF Bedrijfsrevisoren |
|
| Ignace Van Haecke |
|
| Willy Groffils |
|
| LMD & Partners Bedryfsrevisoren |
|
| LMD & Partners Bedrijfsrevisoren |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Katoen Natie International SALU
- Indaver Holding
- INDAVER
- INDAVER LOGISTICS
Highest known parent: Katoen Natie International SA (Luxembourg). The sources do not say who stands above it.
Owners 1
- INDAVERparent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of INDAVER LOGISTICS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
13 connected companiesShow 9 more companies with a shared director
Capital and shareholders
- 18-09-2024 Capital stated in the act · €123,946.76 · 500 shares
Subsidies and aid
Flemish government
2023 to 2025 · 4 entries · €175,512 awarded · €9,000 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | €0 | €0 |
| 2024 | 1 | €166,512 | €0 |
| 2023 | 1 | €9,000 | €9,000 |
Similar companies · same sector, comparable size
Company details
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.