KA LOGISTICS
InactiveKA LOGISTICS was declared bankrupt on 26-02-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 13-11-2025, published in the Belgian State Gazette on 10-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Opened
- 12 April 2023
- Track
- Reorganisation by collective agreement
- Docket number
- 20230031
- Moratorium until
- 11 October 2023 (passed; an extension would be in a later judgment)
- Creditors' vote
- 27 September 2023
- Delegated judge
- Leon Niessen
- Official Gazette
- 24-04-2023 (pdf) ↗search the document for 2023/114988
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-12-2022, 148 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
148 d late
2020
150 d late
2019
205 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 168 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€55,780
2020 · €4,285
Total assets
€62,848▼ 31.3%
2020 · €91,417
Net result
-€60,065
2020 · €1,275
Working capital
-€96,546▼ 128%
2020 · -€42,353
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€8,492--€26,411-€477▲ 98.2%-€59,470▼ 12,366%
Net result€4,877--€18,260€1,275-€60,065
Equity€21,270-€3,010▼ 85.9%€4,285▲ 42.4%-€55,780
Total assets€47,884-€109,430▲ 129%€91,417▼ 16.5%€62,848▼ 31.3%
Debt€26,614-€106,421▲ 300%€87,132▼ 18.1%€118,628▲ 36.1%
Working capital-€16,275--€39,338▼ 142%-€42,353▼ 7.7%-€96,546▼ 128%
Staff (FTE)1.4-1.8▲ 28.6%1.6▼ 11.1%3▲ 87.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59,470 in 2021 against €477 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €62,848
Fixed assets
€40,822 ▼ 18.5%
Current assets
€22,025 ▼ 46.7%
Key figures and ratios
EBITDA
-€50,230▼
2020 · €8,764
Cash flow
-€50,825▼
2020 · €10,516
Solvency
-88.8%▼
2020 · 4.7%
Current ratio
0.19▼
2020 · 0.49
Debt to equity
-2.13▼
2020 · 0.80
ROA
-95.6%▼
2020 · 1.4%
Interest coverage
-84.44
Debt ≤ 1 year
€118,572▲
2020 · €83,708
Staff costs
€82,619
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €82,619 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,041 | €9,241 | €9,241 | €9,241 | = |
| Other operating charges640/8 | - | - | - | €13,611 | - |
| Gross operating margin9900 | €30,165 | €23,978 | €54,376 | €46,000 | ▼ 15.4% |
| Operating profit (loss)9901 | €8,492 | -€26,411 | -€477 | -€59,470 | ▼ 12,366% |
| Recurring financial income75 | - | €1 | - | - | - |
| Financial charges65/66B | - | - | - | €595 | - |
| Recurring financial charges65 | €1,185 | €950 | €631 | €595 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €7,307 | -€18,260 | €1,700 | -€60,065 | ▼ 3,632% |
| Income taxes67/77 | €2,430 | - | €425 | - | - |
| Profit (loss) for the period9904 | €4,877 | -€18,260 | €1,275 | -€60,065 | ▼ 4,810% |
| Profit (loss) for the period to be appropriated9905 | €4,877 | -€18,260 | €1,275 | -€60,065 | ▼ 4,810% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,884 | €109,430 | €91,417 | €62,848 | ▼ 31.3% |
| Fixed assets21/28 | €37,545 | €59,304 | €50,063 | €40,822 | ▼ 18.5% |
| Intangible fixed assets21 | €16,200 | €14,400 | €12,600 | €10,800 | ▼ 14.3% |
| Tangible fixed assets22/27 | €11,167 | €34,726 | €27,286 | €19,845 | ▼ 27.3% |
| Furniture and vehicles24 | - | - | - | €12,400 | - |
| Other tangible fixed assets26 | - | - | - | €7,445 | - |
| Financial fixed assets28 | €10,178 | €10,178 | €10,178 | €10,178 | = |
| Current assets29/58 | €10,339 | €50,126 | €41,354 | €22,025 | ▼ 46.7% |
| Amounts receivable within one year40/41 | €9,303 | €27,254 | €36,524 | €5,325 | ▼ 85.4% |
| Trade receivables40 | - | - | - | €298 | - |
| Other amounts receivable41 | - | - | - | €5,027 | - |
| Cash at bank and in hand54/58 | €1,036 | €22,873 | €4,830 | €16,700 | ▲ 246% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,884 | €109,430 | €91,417 | €62,848 | ▼ 31.3% |
| Equity10/15 | €21,270 | €3,010 | €4,285 | -€55,780 | ▼ 1,402% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Uncalled capital101 | - | - | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €7,010 | -€11,250 | -€9,975 | -€70,040 | ▼ 602% |
| Amounts payable17/49 | €26,614 | €106,421 | €87,132 | €118,628 | ▲ 36.1% |
| Amounts payable after more than one year17 | - | €16,956 | €3,425 | - | - |
| Amounts payable within one year42/48 | €26,614 | €89,465 | €83,708 | €118,572 | ▲ 41.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,385 | - |
| Trade debts44 | €2,479 | €40,434 | €56,496 | €25,313 | ▼ 55.2% |
| Suppliers440/4 | - | - | - | €25,313 | - |
| Taxes, remuneration and social security45 | - | - | - | €31,953 | - |
| Taxes450/3 | - | - | - | €9,566 | - |
| Remuneration and social security454/9 | - | - | - | €22,387 | - |
| Other amounts payable47/48 | - | - | - | €38,920 | - |
| Accrued charges and deferred income492/3 | - | - | - | €56 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,877 | -€18,260 | €1,275 | -€60,065 | ▼ 4,810% |
| + Depreciation and write-downs630 | €3,041 | €9,241 | €9,241 | €9,241 | = |
| Operating cash flow (approximation) | €7,918 | -€9,019 | €10,516 | -€50,825 | ▼ 583% |
| Investment in fixed assets (approximation) | - | -€31,000 | €0 | €0 | - |
| Change in cash | - | €21,836 | -€18,042 | €11,870 | ▲ 166% |
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
2025
10-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 13-11-2025
2024
04-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 26-02-2024
2023
24-04
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 12-04-2023
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 148 days late
2021
31-12
Financial
Weakest financial yearnet -€60,065
Net result drops to -€60,065, the lowest in the series.
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 150 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 205 days late
2020
31-12
Financial
Back to profitnet €1,275
Net result €1,275 after one loss-making year.
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
22-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 98 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | POL MASSART CHAUSSEE DE LA HULPE, 110/5,
1000 FR BRUXELLES-VILLE |
26-02-2024 → 13-11-2025 |