King Logistics
ActiveSummary
The computed 12-month bankruptcy probability of King Logistics is 2.7% (moderate). The 2024 annual accounts show equity of €90,027 and a net result of €8,378. Equity is growing by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 6719 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-19
Solvency100=
Growth73▼-12
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 4.36 against 3.86 in 2023; short-term debt: 18.3% and cash: 53.7% of total assets), and 18.3% of the assets are financed with debt.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
on the day
2022
14 d early
2021
18 d early
2020
5 d early
2019
20 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 8 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€135,061▼ 28.8%
2023 · €189,642
EBIT margin
10.5%▼ 3.7pp
2023 · 14.2%
Net result
€8,378▼ 55.6%
2023 · €18,861
Working capital
€67,768▲ 4.2%
2023 · €65,048
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€105,587▲ 19.3%€108,054▲ 2.3%€184,083▲ 70.4%€189,642▲ 3.0%€135,061▼ 28.8%
Operating result€14,824▲ 7,983%€7,896▼ 46.7%€35,107▲ 345%€26,985▼ 23.1%€14,245▼ 47.2%
Net result€11,522within the sector's middle half€5,858within the sector's middle half▼ 49.2%€27,740above the sector's middle half▲ 374%€18,861within the sector's middle half▼ 32.0%€8,378within the sector's middle half▼ 55.6%
EBIT margin14.0%▲ 13.8pp7.3%▼ 6.7pp19.1%▲ 11.8pp14.2%▼ 4.8pp10.5%▼ 3.7pp
Equity€29,190within the sector's middle half▲ 65.2%€35,049within the sector's middle half▲ 20.1%€62,789within the sector's middle half▲ 79.1%€81,650within the sector's middle half▲ 30.0%€90,027within the sector's middle half▲ 10.3%
Total assets€60,826within the sector's middle half▼ 10.3%€74,985within the sector's middle half▲ 23.3%€92,721within the sector's middle half▲ 23.7%€104,360within the sector's middle half▲ 12.6%€110,172within the sector's middle half▲ 5.6%
Debt€31,636▼ 36.9%€39,936▲ 26.2%€29,933▼ 25.0%€22,710▼ 24.1%€20,144▼ 11.3%
Working capital-€3,208▲ 65.7%€11,576€47,389▲ 309%€65,048▲ 37.3%€67,768▲ 4.2%
Solvency48.0%within the sector's middle half▲ 21.9pp46.7%within the sector's middle half▼ 1.2pp67.7%above the sector's middle half▲ 21.0pp78.2%above the sector's middle half▲ 10.5pp81.7%above the sector's middle half▲ 3.5pp
Staff (FTE)10.7▼ 30.0%
above
within
below
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110,172
Fixed assets
€22,260 ▲ 34.1%
Current assets
€87,912 ▲ 0.2%
Equity and liabilities €110,172
Equity
€90,027 ▲ 10.3%
Debt
€20,144 ▼ 11.3%
Debt's share of the balance-sheet total falls from 21.8% to 18.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,498▼
2023 · €27,250
Cash flow
€9,631▼
2023 · €19,126
Current ratio
4.36▲
2023 · 3.86
Debt to equity
0.22▼
2023 · 0.28
ROE
9.3%▼
2023 · 23.1%
ROA
7.6%▼
2023 · 18.1%
Interest coverage
4.86▼
2023 · 205.38
Debt ≤ 1 year
€20,144▼
2023 · €22,710
Income taxes
€2,685▼
2023 · €7,991
Staff costs
€9,380▼
2023 · €40,185
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €105,587 | €108,054 | €184,083 | €189,642 | €135,061 | ▼ 28.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €92,833 | €122,280 | €128,318 | €118,889 | ▼ 7.3% |
| Remuneration, social security and pensions62 | - | €4,205 | €31,826 | €40,185 | €9,380 | ▼ 76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,441 | €9,425 | €8,073 | €265 | €1,253 | ▲ 372% |
| Other operating charges640/8 | - | €1,237 | €1,196 | €1,686 | €2,014 | ▲ 19.5% |
| Gross operating margin9900 | €25,388 | €22,763 | €76,202 | €69,121 | €26,892 | ▼ 61.1% |
| Operating profit (loss)9901 | €14,824 | €7,896 | €35,107 | €26,985 | €14,245 | ▼ 47.2% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | - | €557 | €134 | €133 | €3,186 | ▲ 2,302% |
| Recurring financial charges65 | €642 | €557 | €134 | €133 | €3,186 | ▲ 2,302% |
| Profit (loss) for the period before taxes9903 | €14,182 | €7,339 | €34,973 | €26,852 | €11,062 | ▼ 58.8% |
| Income taxes67/77 | €2,660 | €1,481 | €7,234 | €7,991 | €2,685 | ▼ 66.4% |
| Profit (loss) for the period9904 | €11,522 | €5,858 | €27,740 | €18,861 | €8,378 | ▼ 55.6% |
| Profit (loss) for the period to be appropriated9905 | €11,522 | €5,858 | €27,740 | €18,861 | €8,378 | ▼ 55.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,826 | €74,985 | €92,721 | €104,360 | €110,172 | ▲ 5.6% |
| Fixed assets21/28 | €32,398 | €23,473 | €15,400 | €16,602 | €22,260 | ▲ 34.1% |
| Tangible fixed assets22/27 | €17,498 | €8,073 | - | €1,202 | €6,860 | ▲ 471% |
| Plant, machinery and equipment23 | - | - | - | €1,202 | €2,482 | ▲ 107% |
| Furniture and vehicles24 | - | €8,073 | - | - | €4,377 | - |
| Financial fixed assets28 | €14,900 | €15,400 | €15,400 | €15,400 | €15,400 | = |
| Current assets29/58 | €28,428 | €51,512 | €77,321 | €87,758 | €87,912 | ▲ 0.2% |
| Amounts receivable after more than one year29 | - | - | - | €350 | - | - |
| Trade receivables290 | - | - | - | €350 | - | - |
| Amounts receivable within one year40/41 | €13,073 | €39,898 | €13,352 | €7,309 | €19,772 | ▲ 171% |
| Trade receivables40 | - | €39,898 | €13,352 | €7,309 | €19,772 | ▲ 171% |
| Cash at bank and in hand54/58 | €15,355 | €6,333 | €60,572 | €66,658 | €59,133 | ▼ 11.3% |
| Deferred charges and accrued income490/1 | - | €5,281 | €3,397 | €13,441 | €9,007 | ▼ 33.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,826 | €74,985 | €92,721 | €104,360 | €110,172 | ▲ 5.6% |
| Equity10/15 | €29,190 | €35,049 | €62,789 | €81,650 | €90,027 | ▲ 10.3% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | - | - | - | €18,550 | - | - |
| Issued capital100 | - | - | - | €18,550 | - | - |
| Outside capital11 | - | €18,550 | €18,550 | - | €18,550 | - |
| Other1109/19 | - | €18,550 | €18,550 | - | €18,550 | - |
| Profit (loss) carried forward14 | €10,640 | €16,499 | €44,239 | €63,100 | €71,477 | ▲ 13.3% |
| Amounts payable17/49 | €31,636 | €39,936 | €29,933 | €22,710 | €20,144 | ▼ 11.3% |
| Amounts payable within one year42/48 | €31,636 | €39,936 | €29,933 | €22,710 | €20,144 | ▼ 11.3% |
| Trade debts44 | €1,515 | €9,503 | €2,783 | €152 | €3,734 | ▲ 2,354% |
| Suppliers440/4 | - | €9,503 | €2,783 | €152 | €3,734 | ▲ 2,354% |
| Taxes, remuneration and social security45 | - | €11,467 | €13,459 | €8,487 | €10,435 | ▲ 23.0% |
| Taxes450/3 | - | €9,715 | €11,222 | €8,487 | €7,633 | ▼ 10.1% |
| Remuneration and social security454/9 | - | €1,752 | €2,236 | - | €2,802 | - |
| Other amounts payable47/48 | - | €18,966 | €13,691 | €14,071 | €5,975 | ▼ 57.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,522 | €5,858 | €27,740 | €18,861 | €8,378 | ▼ 55.6% |
| + Depreciation and write-downs630 | €9,441 | €9,425 | €8,073 | €265 | €1,253 | ▲ 372% |
| Operating cash flow (approximation) | €20,963 | €15,283 | €35,813 | €19,126 | €9,631 | ▼ 49.6% |
| Investment in fixed assets (approximation) | - | -€500 | €0 | -€1,467 | -€6,910 | ▼ 371% |
| Change in cash | - | -€9,023 | €54,240 | €6,086 | -€7,526 | ▼ 224% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €27,740 ▲374%
Operating result €35,107, net result €27,740, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.58
Current ratio from 1.29 to 2.58; short-term debt falls from €39,936 to €29,933.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,522
Net result €11,522 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
3,027 m²
Building footprint
549 m²
Volume, LiDAR
195 m³
Parcel 11463D0362/00V000, Flanders · tallest building 6.7 m. Linked by address, not a title deed.
1 establishment unit
King Logistics
since 20182.282.383.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0362/00V000 | Flanders | 3,026 m² | 1 · 549 m² | 6.7 m |
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.
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 6,320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713517152
Registered
05-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.