KS LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of KS LOGISTICS is 1.7% (moderate). The 2025 annual accounts show equity of €84,602 and a net result of €9,240. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 980 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 7.13 against 6.92 in 2024; short-term debt: 12.1% and cash: 8.1% of total assets), and 12.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.9%
Return on assets
9.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
81 d late
2023
31 d late
2022
73 d late
2021
115 d late
2020
338 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 112 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 October (5 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€84,602▲ 12.3%
2024 · €75,361
Total assets
€96,220▲ 13.2%
2024 · €84,985
Net result
€9,240▲ 37.9%
2024 · €6,703
Working capital
€71,232▲ 25.0%
2024 · €56,992
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,412▼ 52.9%€2,953▼ 76.2%€28,108▲ 852%€7,070▼ 74.8%€15,633▲ 121%
Net result€11,970within the sector's middle half▼ 53.6%€2,574within the sector's middle half▼ 78.5%€18,326within the sector's middle half▲ 612%€6,703within the sector's middle half▼ 63.4%€9,240within the sector's middle half▲ 37.9%
Equity€47,759within the sector's middle half▲ 33.4%€50,333within the sector's middle half▲ 5.4%€68,658within the sector's middle half▲ 36.4%€75,361within the sector's middle half▲ 9.8%€84,602within the sector's middle half▲ 12.3%
Total assets€53,268below the sector's middle half▲ 24.2%€63,252below the sector's middle half▲ 18.7%€88,166within the sector's middle half▲ 39.4%€84,985within the sector's middle half▼ 3.6%€96,220within the sector's middle half▲ 13.2%
Debt€5,508▼ 22.4%€12,919▲ 135%€19,508▲ 51.0%€9,624▼ 50.7%€11,618▲ 20.7%
Working capital€37,602within the sector's middle half▲ 75.6%€44,391within the sector's middle half▲ 18.1%€43,561within the sector's middle half▼ 1.9%€56,992within the sector's middle half▲ 30.8%€71,232within the sector's middle half▲ 25.0%
Solvency89.7%above the sector's middle half▲ 6.2pp79.6%above the sector's middle half▼ 10.1pp77.9%above the sector's middle half▼ 1.7pp88.7%above the sector's middle half▲ 10.8pp87.9%above the sector's middle half▼ 0.8pp
Current ratio7.83above the sector's middle half▲ 3.814.44above the sector's middle half▼ 3.393.23above the sector's middle half▼ 1.206.92above the sector's middle half▲ 3.697.13above the sector's middle half▲ 0.21
Return on assets (ROA)22.5%above the sector's middle half▼ 37.7pp4.1%within the sector's middle half▼ 18.4pp20.8%above the sector's middle half▲ 16.7pp7.9%within the sector's middle half▼ 12.9pp9.6%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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 recovers in 2025; 2025 is 121% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,220
Fixed assets
€13,370 ▼ 27.2%
Current assets
€82,850 ▲ 24.4%
Equity and liabilities €96,220
Equity
€84,602 ▲ 12.3%
Debt
€11,618 ▲ 20.7%
Debt's share of the balance-sheet total rises from 11.3% to 12.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,633▲
2024 · €12,070
Cash flow
€14,240▲
2024 · €11,703
Debt to equity
0.14▲
2024 · 0.13
ROE
10.9%▲
2024 · 8.9%
Interest coverage
58.47▲
2024 · 32.88
Debt ≤ 1 year
€11,618▲
2024 · €9,624
Income taxes
€6,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 26,975 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4,789 | €446 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,215 | €4,215 | €5,845 | €5,000 | €5,000 | = |
| Other operating charges640/8 | €1,290 | €1,579 | €2,154 | €1,336 | €2,490 | ▲ 86.4% |
| Gross operating margin9900 | €17,917 | €8,746 | €40,895 | €13,851 | €23,124 | ▲ 66.9% |
| Operating profit (loss)9901 | €12,412 | €2,953 | €28,108 | €7,070 | €15,633 | ▲ 121% |
| Financial income75/76B | €1,931 | €10 | €1,919 | - | - | - |
| Recurring financial income75 | €1,931 | €10 | €1,919 | - | - | - |
| Financial charges65/66B | €338 | €339 | €371 | €367 | €353 | ▼ 3.9% |
| Recurring financial charges65 | €338 | €339 | €371 | €367 | €353 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €14,005 | €2,624 | €29,657 | €6,703 | €15,280 | ▲ 128% |
| Income taxes67/77 | €2,034 | €50 | €11,331 | - | €6,040 | - |
| Profit (loss) for the period9904 | €11,970 | €2,574 | €18,326 | €6,703 | €9,240 | ▲ 37.9% |
| Profit (loss) for the period to be appropriated9905 | €11,970 | €2,574 | €18,326 | €6,703 | €9,240 | ▲ 37.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,268 | €63,252 | €88,166 | €84,985 | €96,220 | ▲ 13.2% |
| Fixed assets21/28 | €10,157 | €5,942 | €25,097 | €18,370 | €13,370 | ▼ 27.2% |
| Tangible fixed assets22/27 | €10,157 | €5,942 | €25,097 | €18,370 | €13,370 | ▼ 27.2% |
| Furniture and vehicles24 | €10,157 | €5,942 | €25,097 | €18,370 | €13,370 | ▼ 27.2% |
| Current assets29/58 | €43,110 | €57,309 | €63,069 | €66,615 | €82,850 | ▲ 24.4% |
| Amounts receivable within one year40/41 | €41,438 | €56,244 | €50,932 | €62,463 | €75,037 | ▲ 20.1% |
| Trade receivables40 | €1,580 | €267 | €13,750 | €26,867 | €22,001 | ▼ 18.1% |
| Other amounts receivable41 | €39,858 | €55,977 | €37,182 | €35,597 | €53,036 | ▲ 49.0% |
| Cash at bank and in hand54/58 | €1,673 | €1,065 | €12,137 | €4,152 | €7,813 | ▲ 88.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,268 | €63,252 | €88,166 | €84,985 | €96,220 | ▲ 13.2% |
| Equity10/15 | €47,759 | €50,333 | €68,658 | €75,361 | €84,602 | ▲ 12.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €37,759 | €40,333 | €58,658 | €65,361 | €74,602 | ▲ 14.1% |
| Amounts payable17/49 | €5,508 | €12,919 | €19,508 | €9,624 | €11,618 | ▲ 20.7% |
| Amounts payable within one year42/48 | €5,508 | €12,919 | €19,508 | €9,624 | €11,618 | ▲ 20.7% |
| Trade debts44 | €3,258 | €5,178 | €5,156 | €3,587 | €4,418 | ▲ 23.2% |
| Suppliers440/4 | €3,258 | €5,178 | €5,156 | €3,587 | €4,418 | ▲ 23.2% |
| Taxes, remuneration and social security45 | €2,251 | €7,741 | €14,352 | €6,037 | €7,200 | ▲ 19.3% |
| Taxes450/3 | €2,251 | €7,741 | €13,149 | €6,037 | €7,200 | ▲ 19.3% |
| Remuneration and social security454/9 | - | - | €1,203 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,970 | €2,574 | €18,326 | €6,703 | €9,240 | ▲ 37.9% |
| + Depreciation and write-downs630 | €4,215 | €4,215 | €5,845 | €5,000 | €5,000 | = |
| Operating cash flow (approximation) | €16,185 | €6,789 | €24,171 | €11,703 | €14,240 | ▲ 21.7% |
| Investment in fixed assets (approximation) | - | €0 | -€25,000 | €1,727 | €0 | ▼ 100% |
| Change in cash | - | -€608 | €11,072 | -€7,985 | €3,661 | ▲ 146% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.92
Current ratio from 3.23 to 6.92; short-term debt falls from €19,508 to €9,624.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
31-12
Financial
Weakest financial yearnet €2,574 ▼78.5%
Net result drops to €2,574, the lowest in the series; recovery starts the following year.
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 338 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lokeren
Ground area
641 m²
Building footprint
198 m²
Volume, LiDAR
1,268 m³
Parcel 46382B0356/00V006, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0356/00V006 | Flanders | 641 m² | 1 · 198 m² | 10.7 m · 2 fl. |
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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 1,724 companies in sector 52210 we hold annual accounts for 773. 558 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
Founded25-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747588205
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.