INTERLOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of INTERLOGISTICS is 2.3% (moderate). The 2025 annual accounts show equity of €3.7m and a net result of -€1.3m. Equity has been stable since 2018 (±0.8% per year). Its solvency ranks better than 63% of 889 sector peers (NACE 52, financial year 2025). The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-10-1998 Normal situation
- Registered office
- 13 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Logistics services NACE 52250and 3 others
- Joint committees
- 140 Paritair Comité voor het vervoer en de logistiek
- 226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek · annual accounts 2025
- Establishment unit
- 2.088.927.959 7110 La Louvière, since 23-10-1998
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Alain R. ZieglerChair
- Hélène ZieglerManaging director
- Auditor
- Groupe Audit Belgium
Shareholders
- LEMAN99%· score 852025 annual accounts of LEMAN
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.3%
Annual accounts 2025
- Gross margin
- €3.6m
- ▲ 38.0%
- Turnover
- ≈ €6.2m
- estimated
- Loss
- €1.3m
- Equity
- €3.7m
- ▼ 26.3%
- Total assets
- €7.2m
- ▼ 19.0%
- Employees on 31-12-2025
- 33
- ▼ 5.7%
- 2025 accounts filed 38 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.42, cash €16,965, halvedLast filed accounts filed 38 days late; 1 of the last 3 accounts lateLoss of €1.3m (financial year 2025)1 change of registered office in 24 monthsShow the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 35% of small companies in warehousing and transport support (NACE 52)
Financial strength · tick: 2024
Average
Solvency
76-5
equity 51.1% of total assets
Liquidity
26-13
short-term debt 48.5% · cash 0.2%
Profitability
50-25
return on assets -17.7%
Bankruptcy probability within 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.4 percentage points vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.4%▲ +0.2 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.4%▲ +0.3 percentage points vs 08-2026
10-2026: 2.3%▲ +0.9 percentage points vs 09-2026highest value
11-2026: 2.3%● unchanged vs 10-2026highest value
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.42 (1.11 in 2024), below 1. Short-term debt is 48.5% and cash 0.2% of total assets. 48.9% 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, small). It does better than 69% of them on solvency, 23% on liquidity, 33% on profitability and 13% on growth.
The bankruptcy probability was computed on 04-11-2026 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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
38 days late
2024
20 days early
2023
17 days early
2022
14 days early
2021
30 days early
2020
25 days early
2019
38 days late
← 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 4 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.
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 15 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 07-09-2026 at the NBB all 27 filings
Turnover
≈ €6.2m
Estimated: probably between €4.2m and €10.0m
EBIT margin
Not included in this filing
Net result
-€1.3m
2024 · €440,418
Working capital
-€2.0m
2024 · €295,880
In the rankings
#2 company by total assets in Ukkel, Transport and storage sector#2 company by equity in Ukkel, Transport and storage sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€1.5m
▲ 117%
2025
20182025
Net result
-€1.3m
2025
lowest quarter of the sector
20182025
Equity
€3.7m
▼ 26.3%
2025
highest quarter of the sector
20182025
Total assets
€7.2m
▼ 19.0%
2025
highest quarter of the sector
20182025
Debt
€3.5m
▼ 9.7%
2025
20182025
Working capital
-€2.0m
2025
lowest quarter of the sector
20182025
Solvency
51.1%
▼ 5.1pp
2025
middle half of the sector
20182025
Current ratio
0.42
▼ 0.69
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-17.7%
▼ 22.7pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
33.7
▲ 4.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.02m▼ 40.0%€0.02m▲ 19.8%€0.05m▲ 126%€0.09m▲ 61.5%€0.2m▲ 118%€0.7m▲ 254%€1.5m▲ 117%
Net result€0.02m-€0.003m▼ 85.0%€0.006mwithin the sector's middle half▲ 114%€0.01mwithin the sector's middle half▲ 138%€0.02mwithin the sector's middle half▲ 29.8%€0.05mwithin the sector's middle half▲ 181%€0.4mwithin the sector's middle half▲ 777%-€1.3mbelow the sector's middle half
Equity€4.8m-€4.7m▼ 2.0%€4.6mwithin the sector's middle half▼ 1.1%€4.6mwithin the sector's middle half▼ 0.8%€4.6mwithin the sector's middle half▼ 0.5%€4.6mwithin the sector's middle half▲ 0.2%€5.0mwithin the sector's middle half▲ 8.7%€3.7mabove the sector's middle half▼ 26.3%
Total assets€10.0m-€9.5m▼ 4.4%€9.1mwithin the sector's middle half▼ 4.2%€9.0mwithin the sector's middle half▼ 1.3%€8.7mwithin the sector's middle half▼ 3.4%€8.4mwithin the sector's middle half▼ 3.5%€8.9mwithin the sector's middle half▲ 5.8%€7.2mabove the sector's middle half▼ 19.0%
Debt€5.2m-€4.8m▼ 6.7%€4.5m▼ 7.2%€4.4m▼ 1.9%€4.1m▼ 6.5%€3.8m▼ 7.5%€3.9m▲ 2.3%€3.5m▼ 9.7%
Working capital€0.6m-€0.7m▲ 11.1%€0.6mwithin the sector's middle half▼ 8.1%€0.5mwithin the sector's middle half▼ 23.1%€0.3mwithin the sector's middle half▼ 45.3%-€0.03mwithin the sector's middle half€0.3mwithin the sector's middle half-€2.0mbelow the sector's middle half
Solvency48.0%-49.3%▲ 1.2pp50.8%within the sector's middle half▲ 1.6pp51.1%within the sector's middle half▲ 0.3pp52.7%within the sector's middle half▲ 1.6pp54.7%within the sector's middle half▲ 2.0pp56.2%within the sector's middle half▲ 1.5pp51.1%within the sector's middle half▼ 5.1pp
Current ratio1.34-1.38▲ 0.041.34within the sector's middle half▼ 0.031.23within the sector's middle half▼ 0.121.12within the sector's middle half▼ 0.110.99within the sector's middle half▼ 0.131.11within the sector's middle half▲ 0.120.42below the sector's middle half▼ 0.69
Return on assets (ROA)0.2%-0.0%▼ 0.2pp0.1%within the sector's middle half=0.2%below the sector's middle half▲ 0.1pp0.2%below the sector's middle half▲ 0.1pp0.6%within the sector's middle half▲ 0.4pp5.0%within the sector's middle half▲ 4.4pp-17.7%below the sector's middle half▼ 22.7pp
Staff (FTE)24.6-23.1▼ 6.1%22.2within the sector's middle half▼ 3.9%22.8within the sector's middle half▲ 2.7%24within the sector's middle half▲ 5.3%25.8within the sector's middle half▲ 7.5%32.3within the sector's middle half▲ 25.2%33.7above the sector's middle half▲ 4.3%
above
within
below
The sector band is the middle half of the companies in Warehousing and support activities for transportation (NACE 52). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 117% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.2m
Fixed assets
€5.7m ▼ 3.1%
Current assets
€1.5m ▼ 50.7%
Equity and liabilities €7.2m
Equity
€3.7m ▼ 26.3%
Debt
€3.5m ▼ 9.7%
Debt's share of the balance-sheet total rises from 43.8% to 48.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.7m▲
2024 · €925,993
Cash flow
-€1.0m▼
2024 · €683,803
Debt to equity
0.96▲
2024 · 0.78
ROE
-34.7%▼
2024 · 8.8%
Interest coverage
21.23▲
2024 · 7.75
Debt ≤ 1 year
€3.5m▲
2024 · €2.7m
Staff costs
€1.7m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 24 | 23 | 26 | 35 | 33 |
| full-time | 24 | 23 | 25 | 32 | 31 |
| part-time | - | - | 1 | 3 | 2 |
| in full-time equivalents | 24 | 23 | 25.8 | 34.2 | 32.6 |
| Average over the year, in full-time equivalents | 22.8 | 24 | 22 | 32.3 | 33.7 |
| On a permanent contract | 24 | 23 | 26 | 35 | 33 |
| Joined | 2 | 2 | 5 | 9 | 3 |
| Left | 1 | 3 | 2 | 1 | 5 |
| Training hours | - | - | 0 | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.7m | €2.3m | €1.9m | €1.4m | - |
| Mortgages, amount registered | €5.8m | €2.8m | €2.8m | €2.8m | - |
| Mortgage mandates | - | €3.0m | €3.0m | €3.0m | - |
| Carrying value of the mortgaged assets | €6.3m | €6.1m | €5.9m | €5.7m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €52,417 | €24,123 | €149,078 | €38,517 | €2,353 |
| Financial fixed assets | - | €6,320 | - | - | - |
| Depreciation and write-downs of the year | €332,802 | €238,685 | €243,013 | €243,384 | €259,718 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.002m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €1.0m | €1.1m | €1.5m | €1.7m | ▲ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.005m | €0.001m | -€0.005m | -€0.001m | - | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 6.6% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | - | - | - | - |
| Gross operating margin9900 | €1.6m | €1.7m | €1.5m | €1.5m | €1.5m | €1.7m | €2.6m | €3.6m | ▲ 38.0% |
| Operating profit (loss)9901 | €0.03m | €0.02m | €0.02m | €0.05m | €0.09m | €0.2m | €0.7m | €1.5m | ▲ 117% |
| Financial income75/76B | - | - | - | €0.1m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 3.1% |
| Recurring financial income75 | €0.2m | €0.2m | €0.2m | €0.1m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 3.1% |
| Financial charges65/66B | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €2.8m | ▲ 23× |
| Recurring financial charges65 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | €0.08m | ▼ 31.3% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €2.7m | - |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.02m | €0.01m | €0.02m | €0.03m | €0.07m | €0.6m | -€1.3m | - |
| Income taxes67/77 | €0.004m | €0.02m | €0.007m | €0.01m | €0.01m | €0.02m | €0.2m | - | - |
| Profit (loss) for the period9904 | €0.02m | €0.003m | €0.006m | €0.01m | €0.02m | €0.05m | €0.4m | -€1.3m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.003m | €0.006m | €0.01m | €0.02m | €0.05m | €0.4m | -€1.3m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €10.0m | €9.5m | €9.1m | €9.0m | €8.7m | €8.4m | €8.9m | €7.2m | ▼ 19.0% |
| Fixed assets21/28 | €7.6m | €7.1m | €6.7m | €6.4m | €6.2m | €6.1m | €5.9m | €5.7m | ▼ 3.1% |
| Tangible fixed assets22/27 | €7.5m | €7.0m | €6.7m | €6.4m | €6.2m | €6.1m | €5.9m | €5.7m | ▼ 3.1% |
| Land and buildings22 | - | - | - | €6.3m | €6.1m | €5.9m | €5.7m | €5.5m | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.09m | €0.2m | €0.2m | €0.2m | ▼ 0.8% |
| Furniture and vehicles24 | - | - | - | - | - | - | €0.004m | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €0.03m | - |
| Financial fixed assets28 | €0.05m | €0.05m | €0.05m | €0.05m | €0.06m | €0.05m | €0.05m | €0.05m | = |
| Current assets29/58 | €2.4m | €2.5m | €2.4m | €2.6m | €2.5m | €2.3m | €3.0m | €1.5m | ▼ 50.7% |
| Amounts receivable within one year40/41 | €2.4m | €2.4m | €2.3m | €2.5m | €1.9m | €2.1m | €2.8m | €1.4m | ▼ 50.2% |
| Trade receivables40 | - | - | - | €1.3m | €0.8m | €1.1m | €1.0m | €1.4m | ▲ 33.8% |
| Other amounts receivable41 | - | - | - | €1.1m | €1.1m | €1.0m | €1.7m | €0.01m | ▼ 99.4% |
| Cash at bank and in hand54/58 | €0.001m | €0.05m | €0.04m | €0.05m | €0.6m | €0.09m | €0.1m | €0.02m | ▼ 87.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.04m | €0.07m | €0.08m | €0.07m | ▼ 5.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €10.0m | €9.5m | €9.1m | €9.0m | €8.7m | €8.4m | €8.9m | €7.2m | ▼ 19.0% |
| Equity10/15 | €4.8m | €4.7m | €4.6m | €4.6m | €4.6m | €4.6m | €5.0m | €3.7m | ▼ 26.3% |
| Contributions10/11 | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Capital10 | - | - | - | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Issued capital100 | - | - | - | €4.3m | €4.3m | €4.3m | €4.3m | €4.3m | = |
| Revaluation surpluses12 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.3m | -€0.3m | -€0.2m | -€0.2m | -€0.2m | €0.3m | -€1.0m | - |
| Investment grants15 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 18.7% |
| Amounts payable17/49 | €5.2m | €4.8m | €4.5m | €4.4m | €4.1m | €3.8m | €3.9m | €3.5m | ▼ 9.7% |
| Amounts payable after more than one year17 | €3.4m | €3.0m | €2.7m | €2.3m | €1.9m | €1.4m | €1.2m | - | - |
| Financial debts170/4 | - | - | - | €2.3m | €1.9m | €1.4m | €1.2m | - | - |
| Amounts payable within one year42/48 | €1.8m | €1.8m | €1.8m | €2.1m | €2.2m | €2.3m | €2.7m | €3.5m | ▲ 30.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | - | - |
| Financial debts43 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €2.2m | ▲ 445% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.3m | €0.4m | €0.4m | €2.2m | ▲ 445% |
| Trade debts44 | €0.5m | €0.7m | €0.8m | €0.7m | €1.2m | €1.1m | €1.0m | €0.8m | ▼ 24.1% |
| Suppliers440/4 | - | - | - | €0.7m | €1.2m | €1.1m | €1.0m | €0.8m | ▼ 24.1% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €0.02m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.3m | €0.4m | €1.0m | €0.5m | ▼ 46.7% |
| Taxes450/3 | - | - | - | €0.3m | €0.1m | €0.1m | €0.4m | €0.2m | ▼ 55.7% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.5m | €0.3m | ▼ 39.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.05m | €0.06m | €0.03m | ▼ 53.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.003m | €0.006m | €0.01m | €0.02m | €0.05m | €0.4m | -€1.3m | - |
| + Depreciation and write-downs630 | €0.5m | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 6.7% |
| Operating cash flow (approximation) | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.3m | €0.7m | -€1.0m | - |
| Investment in fixed assets (approximation) | - | -€0.004m | €0 | -€0.05m | -€0.03m | -€0.1m | -€0.04m | -€0.08m | ▼ 99.9% |
| Change in cash | - | €0.05m | -€0.02m | €0.009m | €0.5m | -€0.5m | €0.04m | -€0.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 929 companies had the same profile as INTERLOGISTICS has now. Two years later, 90.1% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
90.1%
was still going
8.8%
stopped otherwise
1.1%
went bankrupt
The bankruptcy probability of INTERLOGISTICS itself is higher: 2.3% within 12 months. It rests on far more data about INTERLOGISTICS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 929 companies, not a prediction for INTERLOGISTICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-09-2026 | 2026-00504582 | |
| 31-12-2024 | full format | 11-07-2025 | 2025-00276458 | |
| 31-12-2023 | full format | 14-07-2024 | 2024-00249537 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00251013 | |
| 31-12-2021 | full format | 01-07-2022 | 2022-20137708 | |
| 31-12-2020 | full format | 06-07-2021 | 2021-33000176 | |
| 31-12-2019 | full format | 07-09-2020 | 2020-52100370 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-26500136 | |
| 31-12-2017 | full format | 25-06-2018 | 2018-23100148 | |
| 31-12-2016 | full format | 20-06-2017 | 2017-20700105 |
Board & ownership
Directors
Directors
2 directors, 2 in day-to-day management, last change in 2026
Board 2
Alain R. Ziegler
Current
Chair of the board · in office according to the act of 15-07-2024 · Director · in office according to the act of 15-07-2024 · listed in the 2025 annual accounts, filed on 07-09-2026
Hélène Ziegler
Current
Director · appointed in the act of 22-01-2026 · term until the 2030 general meeting · listed in the 2025 annual accounts, filed on 07-09-2026
Day-to-day management 2
Hélène Ziegler
Current
Managing director · appointed in the act of 29-09-2026
Alain R. Ziegler
Current
Managing director · in office according to the act of 15-07-2024
Statutory auditor 1
Groupe Audit Belgium
Current
Statutory auditor · appointed in the act of 15-07-2024 · permanent representative: Werner Claeys · listed in the 2025 annual accounts, filed on 07-09-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly
deed of 23-11-2023Owners and capital
Shareholders
1 ownerChain of control
- LEMAN
- INTERLOGISTICS
Owners 1
- LEMANparentSourceaccounts LEMAN 2025Equity €111.1m Profit of €266,705 in 2025 (profit of €348,465 in 2024) Checked score 8599%
Capital transactions
Capital over time
- 23-11-2023 Capital stated in the deed · €4,250,000 · 100 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off
DILIGENCIA CONSULT
2 other companies of this director went bankrupt (2026).
- Carga bankruptcy on 18-06-2026Official Gazettemandate until 2026
- Universal Express bankruptcy on 01-06-2026Official Gazette
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Mandate history
6 people, 3 in office
- Board
- Day-to-day management
- Statutory auditor
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Alain R. Ziegler |
|
| Hélène Ziegler |
|
| Groupe Audit Belgium |
|
| Alain Ziegler |
|
| Charlotte Ziegler |
|
| DILIGENCIA CONSULT |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 3 directors“Tout administrateur empêché peut déléguer un autre membre, tous les actes nécessaires ou utiles à la réalisation de l'objet”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Opérations de transfert des actions nominatives sur le registre des actionnaires, jour de l'assemblée générale des actionnaires, et pendant…”
Articles of association, deed of 23-11-2023 (in French)
Network & group
Companies at the same address
12 other companies- THOR Registered office · since 2022 0782263527
- IMMOFONDS BELGIUM Registered office · since 2014 0542337985
- ZIEGLER VASTGOED Registered office · since 2007 0893498375
- FLUIDITY Registered office · since 2007 0889394582
- OZONE POWER Registered office · since 2007 0889599569
- Z IMMO Registered office · since 2005 0873326434
- SOSTRANA Registered office · since 2004 0862316439
- IMMO ACTION Registered office · since 2004 0863432236
- LEMAN Registered office · since 2001 0474624166
- Dimo Registered office · since 1997 0413542474
Connections & network
2 current directorsThe network starts from the directors of INTERLOGISTICS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-09
Gazette deed
2 directors appointed, 3 directors resigningResignations: Alain Ziegler (managing director) and Charlotte Ziegler (director) · Appointment: Hélène Ziegler (managing director)6 points ▸
Gazette deed
2 directors appointed, 3 directors resigning
Resignations: Alain Ziegler (managing director) and Charlotte Ziegler (director) · Appointment: Hélène Ziegler (managing director)6 points ▸
- Board meeting, 10-09-2026
- Director resignation, Alain Ziegler (managing director)
- Director appointment, Hélène Ziegler (managing director), mentioned 2 times in the deed
- General meeting, 11-09-2026
- Director resignation, Alain Ziegler (director)
- Director resignation, Charlotte Ziegler (director)
07-09
abbreviated format · 38 days late
22-01
Gazette deed
Resignation: Diligencia Consult (director)Appointment: Hélène ZIEGLER (director) · “Toutes activités d'appui logistique (conditionnement,stockage,groupage,étiquetage et autres); L'activité de…” (deed in French)5 points ▸
Gazette deed
Resignation: Diligencia Consult (director)
Appointment: Hélène ZIEGLER (director) · “Toutes activités d'appui logistique (conditionnement,stockage,groupage,étiquetage et autres); L'activité de…” (deed in French)5 points ▸
- Purpose change, “Toutes activités d'appui logistique (conditionnement,stockage,groupage,étiquetage et autres); L'activité de commissionnaire expéditeur et commissionnaire de…” (deed in French)
- Director resignation, Diligencia Consult (director)
- Director appointment, Hélène ZIEGLER (director)
- Director in office, Alain Ziegler (director)
- Director in office, Charlotte Ziegler (director)
- The act holds 3 more points.
2025
31-12
Financial
Weakest financial yearnet -€1.3m
The net result drops to -€1.3m, the lowest from 2018 to 2025.
11-07
full format · 20 days before the deadline
2024
31-12
Financial
Highest result from 2018 to 2025net €440,418 ▲777%
The net result of €440,418 is the highest of those years.
15-07
Gazette deed
5 reappointedReappointments: Alain R. Ziegler, DILIGENCIA CONSULT and 2 others · Permanent representative: Diane Govaerts8 points ▸
Gazette deed
5 reappointed
Reappointments: Alain R. Ziegler, DILIGENCIA CONSULT and 2 others · Permanent representative: Diane Govaerts8 points ▸
- General meeting, 29-05-2024
- Director reappointment, Alain R. Ziegler (director)
- Director reappointment, DILIGENCIA CONSULT (director)
- Permanent representative, Diane Govaerts
- Director reappointment, Charlotte ZIEGLER (director)
- Director reappointment, Alain R. Ziegler (chair of the board)
- Director reappointment, Alain R. Ziegler (managing director)
- Auditor reappointment, Groupe Audit Belgium (statutory auditor)
- The act holds 2 more points.
14-07
full format · 17 days before the deadline
2023
23-11
Gazette deed
Amendment of the articles1 point ▸
Gazette deed
Amendment of the articles
1 point ▸
- Capital, €4,250,000, 100 shares
- The act holds 2 more points.
17-07
full format · 14 days before the deadline
2022
01-07
full format · 30 days before the deadline
2021
06-07
full format · 25 days before the deadline
Show earlier events
2020
07-09
full format · 38 days late
2019
28-06
full format · 33 days before the deadline
2018
25-06
full format · 36 days before the deadline
2017
20-06
full format · 41 days before the deadline
1998
16-10
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
INTERLOGISTICS in French
Enterprise number
0464.291.686
Legal form
Public limited company
Status
Active, normale toestand
Founded
05-10-1998
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 23-11-2023 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 22-01-2026 (in French)Registered office and establishments
Registered office
Montjoielaan 100, 1180 Ukkel, Belgium
Establishment unit
Boulevard Millenium(H-G) 17, 7110 La Louvière since 23-10-1998 · unit number 2.088.927.959
Activities
NACEBEL 202552250
Logistics services main activity
46190
Agents in non-specialised wholesale trade
49410
Freight transport by road
52210
Service activities incidental to land transportation
Codes under NACEBEL 2008
52290
Warehousing and support activities for transportation main activity
46190
Wholesale trade
49410
Road freight transport
52210
Service activities incidental to land transportation
Codes under NACEBEL 2003
63406
main activity
51190
63404
Joint committees
140 Paritair Comité voor het vervoer en de logistiek
226 Paritair Comité voor de bedienden uit de internationale handel, het vervoer en de logistiek annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 23-11-2023 (in French)
“Toutes activités d'appui logistique (conditionnement, stockage, groupage, étiquetage et autres); L'activité de commissionnaire expéditeur et…”
5 activities
- Toutes activités d'appui logistique (conditionnement, stockage, groupage, étiquetage et autres)
- L'activité de commissionnaire expéditeur et commissionnaire de transport et toutes autres activités d'auxiliaire de transport
- L'activité d'organisateur de transport de fret et de transporteur par voie routière, aérienne, maritime, fluviale et fer
- Les activités d'agence en douane, de représentation fiscale et opérations de trading
- Le développement de logiciels informatiques et autres techniques et processus nouveaux visant à améliorer la gestion des flux de marchandises
Invoicing and payment
VAT number
BE 0464.291.686
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of May at 09:00
deed of 23-11-2023 (in French)Recognitions · licences · registrations
Food safety, FASFC
1 siteLa Louvièreunit number 2.088.927.959
Sites & property
Location
Buildings and parcels at the addresses
Ground area
3.8 ha
Building footprint
1.6 ha
Building volume
179,407 m³
Tallest building: 13.5 m.
Wallonia
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55020B0374/00E000 | Wallonia | 3.6 ha | 1 · 1.5 ha | 13.5 m · 4 |
| 21612C0056/02Y078 | Brussels | 1,597 m² | 1 · 260 m² | 11.5 m · 3 |