KT Logistics
ActiveSummary
KT Logistics has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €257,794 and a net result of €37,482. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 69% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-1
Solvency96▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 3.33 against 3.56 in 2024; short-term debt: 21% and cash: 58.7% of total assets), and 29.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
70.8%
Return on assets
10.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
25 d early
2024
on the day
2023
30 d late
2022
25 d late
2021
1 d late
2020
25 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 1 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€257,794▲ 0.4%
2024 · €256,773
Total assets
€364,199▼ 3.1%
2024 · €375,783
Net result
€37,482▼ 14.8%
2024 · €43,968
Working capital
€178,007▼ 0.3%
2024 · €178,473
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20212022202320242025
Operating result€45,833▼ 11.7%€55,928▲ 22.0%€68,110▲ 21.8%€66,732▼ 2.0%€57,604▼ 13.7%
Net result€32,296within the sector's middle half▼ 11.4%€35,454within the sector's middle half▲ 9.8%€48,993above the sector's middle half▲ 38.2%€43,968above the sector's middle half▼ 10.3%€37,482within the sector's middle half▼ 14.8%
Equity€170,345above the sector's middle half▲ 23.4%€190,798above the sector's middle half▲ 12.0%€232,264above the sector's middle half▲ 21.7%€256,773above the sector's middle half▲ 10.6%€257,794above the sector's middle half▲ 0.4%
Total assets€189,696within the sector's middle half▲ 27.4%€227,843within the sector's middle half▲ 20.1%€365,051within the sector's middle half▲ 60.2%€375,783above the sector's middle half▲ 2.9%€364,199within the sector's middle half▼ 3.1%
Debt€19,351▲ 78.1%€37,045▲ 91.4%€132,786▲ 258%€119,011▼ 10.4%€106,405▼ 10.6%
Working capital€168,158above the sector's middle half▲ 24.9%€188,368above the sector's middle half▲ 12.0%€164,106above the sector's middle half▼ 12.9%€178,473above the sector's middle half▲ 8.8%€178,007above the sector's middle half▼ 0.3%
Solvency89.8%above the sector's middle half▼ 2.9pp83.7%above the sector's middle half▼ 6.1pp63.6%within the sector's middle half▼ 20.1pp68.3%within the sector's middle half▲ 4.7pp70.8%within the sector's middle half▲ 2.5pp
Current ratio9.69above the sector's middle half▼ 3.716.08above the sector's middle half▼ 3.603.52within the sector's middle half▼ 2.563.56within the sector's middle half▲ 0.033.33within the sector's middle half▼ 0.23
Return on assets (ROA)17.0%within the sector's middle half▼ 7.5pp15.6%within the sector's middle half▼ 1.5pp13.4%within the sector's middle half▼ 2.1pp11.7%within the sector's middle half▼ 1.7pp10.3%within the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364,199
Fixed assets
€109,840 ▼ 13.9%
Current assets
€254,359 ▲ 2.5%
Equity and liabilities €364,199
Equity
€257,794 ▲ 0.4%
Debt
€106,405 ▼ 10.6%
Debt's share of the balance-sheet total falls from 31.7% to 29.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83,271▼
2024 · €88,145
Cash flow
€63,150▼
2024 · €65,381
Debt to equity
0.41▼
2024 · 0.46
ROE
14.5%▼
2024 · 17.1%
Interest coverage
22.23▲
2024 · 16.14
Debt ≤ 1 year
€76,351▲
2024 · €69,777
Debt > 1 year
€30,054▼
2024 · €49,233
Income taxes
€17,612▲
2024 · €17,302
Staff costs
€82▼
2024 · €115
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 0.3% 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 497,338 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% | 1.9% |
| 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,700 | €0 | - | - |
| Remuneration, social security and pensions62 | €146 | €101 | €40 | €115 | €82 | ▼ 28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,188 | €1,504 | €8,582 | €21,413 | €25,667 | ▲ 19.9% |
| Other operating charges640/8 | €16,101 | €18,188 | €18,098 | €20,905 | €20,606 | ▼ 1.4% |
| Gross operating margin9900 | €63,269 | €75,721 | €94,830 | €109,165 | €103,959 | ▼ 4.8% |
| Operating profit (loss)9901 | €45,833 | €55,928 | €68,110 | €66,732 | €57,604 | ▼ 13.7% |
| Financial income75/76B | €630 | €0 | €301 | €0 | €1,237 | - |
| Recurring financial income75 | €630 | €0 | €301 | €0 | €1,237 | - |
| Financial charges65/66B | €1,170 | €1,492 | €3,034 | €5,462 | €3,747 | ▼ 31.4% |
| Recurring financial charges65 | €1,170 | €1,492 | €3,034 | €5,462 | €3,747 | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | €45,293 | €54,436 | €65,377 | €61,270 | €55,094 | ▼ 10.1% |
| Income taxes67/77 | €12,997 | €18,983 | €16,383 | €17,302 | €17,612 | ▲ 1.8% |
| Profit (loss) for the period9904 | €32,296 | €35,454 | €48,993 | €43,968 | €37,482 | ▼ 14.8% |
| Transfer from tax-exempt reserves789 | €17,800 | €35,600 | €0 | - | €21,054 | - |
| Transfer to tax-exempt reserves689 | €21,054 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €29,042 | €71,054 | €48,993 | €43,968 | €58,537 | ▲ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,696 | €227,843 | €365,051 | €375,783 | €364,199 | ▼ 3.1% |
| Fixed assets21/28 | €2,186 | €2,431 | €135,913 | €127,533 | €109,840 | ▼ 13.9% |
| Tangible fixed assets22/27 | €2,051 | €2,256 | €135,738 | €127,358 | €109,665 | ▼ 13.9% |
| Land and buildings22 | €973 | €863 | €753 | €643 | €533 | ▼ 17.1% |
| Furniture and vehicles24 | €1,079 | €1,393 | €21,351 | €30,384 | €30,105 | ▼ 0.9% |
| Leasing and similar rights25 | - | - | €113,635 | €96,331 | €79,028 | ▼ 18.0% |
| Financial fixed assets28 | €135 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €187,509 | €225,412 | €229,137 | €248,250 | €254,359 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €22,509 | €34,938 | €33,411 | €23,309 | €29,159 | ▲ 25.1% |
| Trade receivables40 | €16,633 | €30,667 | €26,702 | €18,994 | €23,725 | ▲ 24.9% |
| Other amounts receivable41 | €5,876 | €4,271 | €6,709 | €4,315 | €5,434 | ▲ 25.9% |
| Cash at bank and in hand54/58 | €146,792 | €178,721 | €184,501 | €212,383 | €213,780 | ▲ 0.7% |
| Deferred charges and accrued income490/1 | €18,208 | €11,753 | €11,225 | €12,558 | €11,419 | ▼ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,696 | €227,843 | €365,051 | €375,783 | €364,199 | ▼ 3.1% |
| Equity10/15 | €170,345 | €190,798 | €232,264 | €256,773 | €257,794 | ▲ 0.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €164,145 | €184,598 | €226,064 | €250,573 | €251,594 | ▲ 0.4% |
| Tax-exempt reserves132 | €56,654 | €21,054 | €21,054 | €21,054 | €0 | ▼ 100% |
| Distributable reserves133 | €107,490 | €163,544 | €205,010 | €229,518 | €251,594 | ▲ 9.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €19,351 | €37,045 | €132,786 | €119,011 | €106,405 | ▼ 10.6% |
| Amounts payable after more than one year17 | - | - | €67,755 | €49,233 | €30,054 | ▼ 39.0% |
| Financial debts170/4 | - | - | €67,755 | €49,233 | €30,054 | ▼ 39.0% |
| Amounts payable within one year42/48 | €19,351 | €37,045 | €65,031 | €69,777 | €76,351 | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | - | €17,887 | €18,522 | €19,180 | ▲ 3.6% |
| Financial debts43 | €351 | €2,856 | €2,435 | €2,376 | €2,108 | ▼ 11.3% |
| Credit institutions430/8 | €351 | €2,856 | €2,435 | €2,376 | €2,108 | ▼ 11.3% |
| Trade debts44 | €14,801 | €7,549 | €10,140 | €1,384 | €8,129 | ▲ 487% |
| Suppliers440/4 | €14,801 | €7,549 | €10,140 | €1,384 | €8,129 | ▲ 487% |
| Taxes, remuneration and social security45 | €3,068 | €5,649 | €244 | €9,933 | €3,432 | ▼ 65.4% |
| Taxes450/3 | €3,068 | €5,649 | €244 | €5,250 | €3,432 | ▼ 34.6% |
| Remuneration and social security454/9 | €0 | - | - | €4,683 | €0 | ▼ 100% |
| Other amounts payable47/48 | €1,130 | €20,991 | €34,325 | €37,562 | €43,502 | ▲ 15.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,296 | €35,454 | €48,993 | €43,968 | €37,482 | ▼ 14.8% |
| + Depreciation and write-downs630 | €1,188 | €1,504 | €8,582 | €21,413 | €25,667 | ▲ 19.9% |
| Operating cash flow (approximation) | €33,485 | €36,957 | €57,575 | €65,381 | €63,150 | ▼ 3.4% |
| Investment in fixed assets (approximation) | - | -€1,748 | -€142,065 | -€13,033 | -€7,974 | ▲ 38.8% |
| Change in cash | - | €31,929 | €5,780 | €27,882 | €1,397 | ▼ 95.0% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200,000Eq €232,264 ▲21.7%
6 profitable years in a row build equity to €232,264.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Weakest financial yearnet €32,296 ▼11.4%
Net result drops to €32,296, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €170,345 ▲23.4%
4 profitable years in a row build equity to €170,345.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 13.40
Current ratio from 5.94 to 13.40; short-term debt falls from €21,821 to €10,863.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €55,060 ▲36.9%
Operating result €74,805, net result €55,060, both a record.
Show earlier events
31-12
Financial
Equity above €100,000Eq €101,587 ▲118%
2 profitable years in a row build equity to €101,587.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 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, Sint-Gillis-Waas · 1 establishment unit since 2017
Ground area
640 m²
Building footprint
135 m²
Volume, LiDAR
919 m³
Parcel 46020E0545/00R002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KT Logistics
since 20172.270.852.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020E0545/00R002 | Flanders | 640 m² | 1 · 135 m² | 8.7 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.
Public money · subsidies and aid
Flemish government
2023 · 2 entries · 1,500 EUR awarded · 1,632 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 1,500 EUR | 1,632 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis-Waas2.270.852.152
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,343 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
Founded08-11-2017
Fiscal year end31-12
Trade name NL
besloten vennootschap met beperkte aansprakelijkheid
Activities, NACEBEL 2025
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684495148
Also
9925:BE0684495148
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.