Equity
€502,350 from €858,171 in 2013
Equity fell by 41% in 12 years.
LOGISTIQUE RECOGNE
Lifetime
16 annual accounts with figures on one time axis, 21 filings since 2005Turnoverpeak €6.1m (2024)
€5.6m▼ 8.3%
Resultlowest -€19,136 (2019)
-€9,464▼ €2,370
Equitypeak €858,171 (2013)
€502,350▼ 8.4%
Debts
€2.2m▼ 1.3%
Staffpeak 49.5 FTE (2025)
49.5 FTE▲ 1.0%
Board6 names since 2019
3 directorsAlbert GOUVERNEUR and 2 others
Owners4 names in the annual accounts
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Loss of €9,464Cash from €194,777 to €87,558
Key points
from the 2025 annual accountsLosses
-€29,483 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€2.2m 82% of the balance sheet
Financial debts 14%Suppliers 22%Taxes and wages 20%Other 44%
€218,727 of the debts are secured on the company's own assets. In 2021 that was €1.2m.
Payment terms
71 days to suppliers
LOGISTIQUE RECOGNE pays its suppliers 21 days later than in 2024. Customers pay 18 days later.
Filings
21 annual accounts since 2005
The 2016 accounts came 31 days late. The other nine of the last ten were filed on time.
Board
1 joined · 2 left
Board changed. Latest change 02-06-2026 · 2 in office.
Checked score
66
Healthy
Financially stronger than 31% of small companies in warehousing and transport support (NACE 52)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 596 companies (NACE 52, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.2%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.7%▼ -0.5 percentage points vs 06-2025lowest value
08-2025: 0.7%● unchanged vs 07-2025lowest value
09-2025: 0.7%● unchanged vs 08-2025lowest value
10-2025: 0.7%● unchanged vs 09-2025lowest value
11-2025: 0.7%● unchanged vs 10-2025lowest value
12-2025: 0.7%● unchanged vs 11-2025lowest value
01-2026: 0.7%● unchanged vs 12-2025lowest value
02-2026: 0.7%● unchanged vs 01-2026lowest value
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▼ -0.1 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
Size: turnover €5.6m, 49.5 FTE, total assets €2.7m
Equity €502,350 (18.4% of total assets)
lowers risk
Founded in 2005
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, small). It does better than 31% of them on solvency, 31% on liquidity, 44% on profitability and 20% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as LOGISTIQUE RECOGNE has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOGISTIQUE RECOGNE itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,507 companies, not a prediction for LOGISTIQUE RECOGNE. 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.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.42 in 2024), below 1. Short-term debt is 42% and cash 3.2% of total assets. 81.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
35 days early
2023
89 days early
2022
17 days early
2021
32 days early
2020
50 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SOLAREC 99%score 85equity €89.0m (2025) · 2023 annual accounts of SOLAREC
Recent changes
Resignation: Gilles BREDA (director)
General meeting of 14-03-2025 · Gazette deed
New director general
Geoffrey Paulus appointed, Louis Ska resigned · Board meeting of 28-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0870982004
2 directors appointed, 1 resignation, 2 reappointments
Resignation: Rémi PEULTIER · Reappointments: Louis SKA (managing director) and Albert GOUVERNEUR · Appointments: Benoît HOSCHEIT and Gilles BREDA · General meeting of 05-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| LOGISTIQUE RECOGNE Libramont-Chevigny | €5.6m | 0.1% | 18.4% | 49.5 |
| STEF Logistics Courcelles Courcelles | €6.2m | 2.7% | -143.7% | 51 |
| ZWIJNDRECHT POLYMER HANDLING Antwerp | €4.6m | -1.0% | -3.3% | 38.9 |
| DISTRIMEDIA Tielt | €8.2m | 4.0% | 55.5% | 59.8 |
| STEF Logistics Lummen Lummen | €3.6m | -32.0% | 11.3% | 38.8 |
| SBL Sint-Niklaas | €10.1m | 3.1% | 67.9% | 53 |
| Carrefour Drive 2 Zaventem | €6.2m | 7.1% | 72.4% | 38.9 |
Grey: the largest companies of the sector (warehousing and transport support (NACE 52)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LOGISTIQUE RECOGNE: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €1.5m and €5.9m, founded between 1991 and 2013.
Official details
Source: KBO- Status
- Active since 05-01-2005Normal situation
- Activity
- Warehousing and storageNACE 52100and 1 other
- Establishment unit
- 2.185.260.2436800 Libramont-Chevigny, since 05-01-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- Total assets
- €2.7m▼ 2.7%
- Employeeson 31-12-2025
- 52▲ 4.0%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Companies linked to LOGISTIQUE RECOGNE
Parent and group
Insights on LOGISTIQUE RECOGNE
LOGISTIQUE RECOGNE has existed since 2005. Turnover grew from €3.2m in 2018 to €5.6m in 2025 and staff from 34.9 to 49.5 full-time equivalents.
SOLAREC holds 99% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LOGISTIQUE RECOGNE
- What is the company number of LOGISTIQUE RECOGNE?
- The company number of LOGISTIQUE RECOGNE is 0870.982.004. The VAT number is the same number with BE in front: BE 0870.982.004.
- Where is LOGISTIQUE RECOGNE based?
- The registered office is at Recogne,Rue de Saint-Hubert 75, 6800 Libramont-Chevigny.Company details
- What does LOGISTIQUE RECOGNE do?
- According to the KBO register, the main activity is warehousing and storage (NACE 52100).
- What is the legal form of LOGISTIQUE RECOGNE?
- LOGISTIQUE RECOGNE is a public limited company (NV).
- When was LOGISTIQUE RECOGNE founded?
- LOGISTIQUE RECOGNE was founded on 05-01-2005.
- Is LOGISTIQUE RECOGNE still active?
- Yes, LOGISTIQUE RECOGNE is an active enterprise in the KBO register.
- How many employees does LOGISTIQUE RECOGNE have?
- LOGISTIQUE RECOGNE had an average of 49.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LOGISTIQUE RECOGNE?
- The turnover of LOGISTIQUE RECOGNE was €5.6m in financial year 2025, according to the filed annual accounts.
- Is LOGISTIQUE RECOGNE profitable?
- In financial year 2025, LOGISTIQUE RECOGNE made a loss of €9,464.
- Where can I find the annual accounts of LOGISTIQUE RECOGNE?
- LOGISTIQUE RECOGNE filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LOGISTIQUE RECOGNE due?
- LOGISTIQUE RECOGNE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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