KN-LOGISTICS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-04-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €14,187, larger than the loss of €11,008 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Tangible fixed assets | €10,000 | - |
| Intangible fixed assets | €70,000 | - |
| Depreciation and write-downs of the year | €9,762 | €7,800 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,762 | €7,800 | ▼ 20.1% |
| Other operating charges640/8 | €1,472 | €3,908 | ▲ 166% |
| Gross operating margin9900 | €227 | -€2,478 | - |
| Operating profit (loss)9901 | -€11,008 | -€14,187 | ▼ 28.9% |
| Financial income75/76B | €26 | €0 | ▼ 100% |
| Recurring financial income75 | €26 | €0 | ▼ 100% |
| Financial charges65/66B | €4,412 | €3,690 | ▼ 16.4% |
| Recurring financial charges65 | €4,412 | €3,690 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | -€15,394 | -€17,877 | ▼ 16.1% |
| Income taxes67/77 | €216 | €212 | ▼ 1.9% |
| Profit (loss) for the period9904 | -€15,610 | -€18,089 | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | -€15,610 | -€18,089 | ▼ 15.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €87,287 | €67,767 | ▼ 22.4% |
| Fixed assets21/28 | €70,238 | €57,739 | ▼ 17.8% |
| Intangible fixed assets21 | €62,407 | €55,407 | ▼ 11.2% |
| Tangible fixed assets22/27 | €7,831 | €2,332 | ▼ 70.2% |
| Plant, machinery and equipment23 | €2,349 | €1,749 | ▼ 25.5% |
| Furniture and vehicles24 | €5,481 | €583 | ▼ 89.4% |
| Current assets29/58 | €17,049 | €10,027 | ▼ 41.2% |
| Amounts receivable within one year40/41 | €8,640 | €9,095 | ▲ 5.3% |
| Trade receivables40 | €4,828 | €8,516 | ▲ 76.4% |
| Other amounts receivable41 | €3,812 | €579 | ▼ 84.8% |
| Cash at bank and in hand54/58 | €8,409 | €932 | ▼ 88.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €87,287 | €67,767 | ▼ 22.4% |
| Equity10/15 | -€15,610 | -€33,698 | ▼ 116% |
| Profit (loss) carried forward14 | -€15,610 | -€33,698 | ▼ 116% |
| Amounts payable17/49 | €102,896 | €101,465 | ▼ 1.4% |
| Amounts payable after more than one year17 | €58,140 | €47,229 | ▼ 18.8% |
| Financial debts170/4 | €58,140 | €47,229 | ▼ 18.8% |
| Amounts payable within one year42/48 | €44,756 | €54,236 | ▲ 21.2% |
| Current portion of amounts payable after more than one year42 | €11,224 | €11,796 | ▲ 5.1% |
| Trade debts44 | €29,951 | €28,558 | ▼ 4.7% |
| Suppliers440/4 | €29,951 | €28,558 | ▼ 4.7% |
| Taxes, remuneration and social security45 | €216 | €241 | ▲ 11.6% |
| Taxes450/3 | €216 | €241 | ▲ 11.6% |
| Other amounts payable47/48 | €3,365 | €13,641 | ▲ 305% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€15,610 | -€18,089 | ▼ 15.9% |
| + Depreciation and write-downs630 | €9,762 | €7,800 | ▼ 20.1% |
| Operating cash flow (approximation) | -€5,847 | -€10,289 | ▼ 76.0% |
| Investment in fixed assets (approximation) | - | €4,698 | - |
| Change in cash | - | -€7,477 | - |
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, 7,639 companies had the same profile as KN-LOGISTICS has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KN-LOGISTICS itself: 5.3% within 12 months.
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 7,639 companies, not a prediction for KN-LOGISTICS. 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.