KMS LOGISTICS
Open bankruptcyA bankruptcy procedure is open for KMS LOGISTICS according to publications in the Belgian State Gazette; curator: CHRISTINE DE RIDDER.
Summary
The 2023 annual accounts show equity of €107,966 and a net result of €13,249.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 16 September 2025
- Supervising judge
- Geert Anciaux
- Official Gazette
- 24-09-2025 (pdf) ↗search the document for 2025/138211
Deadlines
- Provisional date payments stopped
- 16 September 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 9 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 16 October 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 22 October 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 16 September 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Christine De RidderZavelstraat 13, 1000 Brussel 1c.deridder@mileslegal.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Other postal and courier activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,249▼ 43.9%
2022 · €23,614
Working capital
€13,341
2022 · -€36,128
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€31,031-€19,997▼ 35.6%€38,691▲ 93.5%-€149,237€24,364
Net result€19,646-€4,926within the sector's middle half▼ 74.9%€16,531within the sector's middle half▲ 236%€23,614above the sector's middle half▲ 42.8%€13,249within the sector's middle half▼ 43.9%
Equity€49,646-€54,572within the sector's middle half▲ 9.9%€71,103within the sector's middle half▲ 30.3%€94,717above the sector's middle half▲ 33.2%€107,966within the sector's middle half▲ 14.0%
Total assets€338,626-€472,023within the sector's middle half▲ 39.4%€456,173within the sector's middle half▼ 3.4%€547,432above the sector's middle half▲ 20.0%€242,497within the sector's middle half▼ 55.7%
Debt€288,980-€417,451▲ 44.5%€385,070▼ 7.8%€452,715▲ 17.6%€134,531▼ 70.3%
Working capital-€39,654--€93,877below the sector's middle half▼ 137%-€57,457below the sector's middle half▲ 38.8%-€36,128below the sector's middle half▲ 37.1%€13,341within the sector's middle half
Solvency14.7%-11.6%below the sector's middle half▼ 3.1pp15.6%within the sector's middle half▲ 4.0pp17.3%within the sector's middle half▲ 1.7pp44.5%within the sector's middle half▲ 27.2pp
Current ratio0.84-0.74below the sector's middle half▼ 0.100.83below the sector's middle half▲ 0.090.91within the sector's middle half▲ 0.081.14within the sector's middle half▲ 0.23
Return on assets (ROA)5.8%-1.0%below the sector's middle half▼ 4.8pp3.6%within the sector's middle half▲ 2.6pp4.3%within the sector's middle half▲ 0.7pp5.5%within the sector's middle half▲ 1.1pp
Staff (FTE)2.2below the sector's middle half4below the sector's middle half▲ 81.8%4=
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.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €24,364 after a loss of €149,237 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €242,497
Fixed assets
€130,499 ▼ 29.0%
Current assets
€111,998 ▼ 69.2%
Equity and liabilities €242,497
Equity
€107,966 ▲ 14.0%
Debt
€134,531 ▼ 70.3%
Debt's share of the balance-sheet total falls from 82.7% to 55.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91,098▲
2022 · -€101,664
Cash flow
€79,983▲
2022 · €71,187
Debt to equity
1.25▼
2022 · 4.78
ROE
12.3%▼
2022 · 24.9%
Interest coverage
65.12▲
2022 · -9.48
Debt ≤ 1 year
€98,657▼
2022 · €399,840
Debt > 1 year
€35,874▼
2022 · €52,875
Income taxes
€10,971
Staff costs
€47,432▼
2022 · €138,799
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €413 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €122,761 | €138,799 | €47,432 | ▼ 65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,394 | €37,926 | €53,629 | €47,573 | €66,734 | ▲ 40.3% |
| Other operating charges640/8 | - | - | €20,723 | €28,807 | €10,174 | ▼ 64.7% |
| Gross operating margin9900 | €59,686 | €181,325 | €235,804 | €65,942 | €148,704 | ▲ 126% |
| Operating profit (loss)9901 | €31,031 | €19,997 | €38,691 | -€149,237 | €24,364 | ▲ 116% |
| Financial income75/76B | - | - | €334 | €183,570 | €1,255 | ▼ 99.3% |
| Recurring financial income75 | €198 | €1,659 | €334 | €2,116 | €1,255 | ▼ 40.7% |
| Non-recurring financial income76B | - | - | - | €181,454 | - | - |
| Financial charges65/66B | - | - | €10,494 | €10,719 | €1,399 | ▼ 86.9% |
| Recurring financial charges65 | €1,900 | €5,208 | €10,494 | €10,719 | €1,399 | ▼ 86.9% |
| Profit (loss) for the period before taxes9903 | €29,329 | €16,448 | €28,531 | €23,614 | €24,220 | ▲ 2.6% |
| Income taxes67/77 | €9,683 | €11,522 | €12,000 | - | €10,971 | - |
| Profit (loss) for the period9904 | €19,646 | €4,926 | €16,531 | €23,614 | €13,249 | ▼ 43.9% |
| Profit (loss) for the period to be appropriated9905 | €19,646 | €4,926 | €16,531 | €23,614 | €13,249 | ▼ 43.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €338,626 | €472,023 | €456,173 | €547,432 | €242,497 | ▼ 55.7% |
| Fixed assets21/28 | €129,405 | €198,899 | €176,594 | €183,720 | €130,499 | ▼ 29.0% |
| Tangible fixed assets22/27 | €129,405 | €193,699 | €171,394 | €178,520 | €125,299 | ▼ 29.8% |
| Plant, machinery and equipment23 | - | - | €8,082 | €5,781 | €3,481 | ▼ 39.8% |
| Furniture and vehicles24 | - | - | €124,443 | €139,220 | €98,021 | ▼ 29.6% |
| Leasing and similar rights25 | - | - | €38,869 | €29,555 | €20,241 | ▼ 31.5% |
| Other tangible fixed assets26 | - | - | - | €3,964 | €3,556 | ▼ 10.3% |
| Financial fixed assets28 | - | €5,200 | €5,200 | €5,200 | €5,200 | = |
| Current assets29/58 | €209,221 | €273,124 | €279,579 | €363,712 | €111,998 | ▼ 69.2% |
| Amounts receivable within one year40/41 | €209,200 | €261,662 | €255,148 | €351,793 | €99,461 | ▼ 71.7% |
| Trade receivables40 | - | - | €238,345 | €310,841 | €78,987 | ▼ 74.6% |
| Other amounts receivable41 | - | - | €16,803 | €40,952 | €20,474 | ▼ 50.0% |
| Cash at bank and in hand54/58 | €21 | - | €23,686 | €760 | €760 | = |
| Deferred charges and accrued income490/1 | - | - | €745 | €11,159 | €11,777 | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €338,626 | €472,023 | €456,173 | €547,432 | €242,497 | ▼ 55.7% |
| Equity10/15 | €49,646 | €54,572 | €71,103 | €94,717 | €107,966 | ▲ 14.0% |
| Contributions10/11 | €30,000 | - | €30,000 | €30,000 | €30,000 | = |
| Outside capital11 | - | - | - | €30,000 | - | - |
| Other1109/19 | - | - | - | €30,000 | - | - |
| Reserves13 | €1,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | - | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | - | - | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €18,646 | €21,572 | €38,103 | €61,717 | €74,966 | ▲ 21.5% |
| Amounts payable17/49 | €288,980 | €417,451 | €385,070 | €452,715 | €134,531 | ▼ 70.3% |
| Amounts payable after more than one year17 | €40,105 | €43,607 | €42,227 | €52,875 | €35,874 | ▼ 32.2% |
| Financial debts170/4 | - | - | €39,627 | €50,275 | €33,274 | ▼ 33.8% |
| Other amounts payable178/9 | - | - | €2,600 | €2,600 | €2,600 | = |
| Amounts payable within one year42/48 | €248,875 | €367,001 | €337,036 | €399,840 | €98,657 | ▼ 75.3% |
| Current portion of amounts payable after more than one year42 | - | - | €21,980 | €25,959 | €25,145 | ▼ 3.1% |
| Financial debts43 | - | - | - | €48,336 | €48,835 | ▲ 1.0% |
| Credit institutions430/8 | - | - | - | €48,336 | €48,835 | ▲ 1.0% |
| Trade debts44 | €191,661 | €248,102 | €219,913 | €180,697 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €219,913 | €180,697 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | - | €15,428 | €9,922 | - | - |
| Taxes, remuneration and social security45 | - | - | €79,715 | €128,426 | €24,677 | ▼ 80.8% |
| Taxes450/3 | - | - | €72,515 | €110,445 | €24,677 | ▼ 77.7% |
| Remuneration and social security454/9 | - | - | €7,200 | €17,981 | - | - |
| Other amounts payable47/48 | - | - | - | €6,500 | - | - |
| Accrued charges and deferred income492/3 | - | - | €5,807 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,646 | €4,926 | €16,531 | €23,614 | €13,249 | ▼ 43.9% |
| + Depreciation and write-downs630 | €12,394 | €37,926 | €53,629 | €47,573 | €66,734 | ▲ 40.3% |
| Operating cash flow (approximation) | €32,041 | €42,852 | €70,160 | €71,187 | €79,983 | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | -€107,420 | -€31,324 | -€54,699 | -€13,513 | ▲ 75.3% |
| Change in cash | - | - | - | -€22,926 | €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
2025
24-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 16-09-2025
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 231 days late
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 316 days late
2023
31-12
Financial
Equity above €100,000Eq €107,966 ▲14%
5 profitable years in a row build equity to €107,966.
2022
31-12
Financial
Highest result since 2019net €23,614 ▲42.8%
Net result €23,614, the highest in the series.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 74 days late
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 101 days late
2020
31-12
Financial
Weakest financial yearnet €4,926 ▼74.9%
Net result drops to €4,926, the lowest in the series.
06-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Vorst · 1 establishment unit since 2018
Ground area
3,197 m²
Building footprint
520 m²
Volume, LiDAR
3,227 m³
2 parcels, Brussels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
KMS LOGISTICS
since 20182.277.252.865
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0034/00S006 | Brussels | 2,633 m² | 1 · 433 m² | 9.4 m · 2 fl. |
| 23050D0412/00M000 | Flanders | 564 m² | 1 · 87 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTINE DE RIDDER ZAVELSTRAAT 13,
1000 BRUSSEL 1 |
16-09-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMeise2.277.252.865
Parcel delivery
Notified to the BIPT
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Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 1,026 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 (pre-2019)
Founded03-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699569740
Also
9925:BE0699569740
Registered
31-10-2023
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.