LOGISCO
ActiveSummary
The computed 12-month bankruptcy probability of LOGISCO is 5.2% (elevated). The 2024 annual accounts show equity of €61,698 and a net result of €14,093. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 728 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+28
Solvency50▼-18
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.32 against 1.6 in 2023; short-term debt: 49.5% and cash: 30.1% of total assets), and 75.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.8%
Return on assets
5.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
68 d late
2022
72 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€61,698▲ 29.6%
2023 · €47,606
Total assets
€248,895▲ 126%
2023 · €110,286
Net result
€14,093▲ 207%
2023 · €4,591
Working capital
€38,986▲ 3.0%
2023 · €37,856
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€11,347-€10,637▼ 6.3%€26,217▲ 146%
Net result€8,015-€4,591▼ 42.7%€14,093▲ 207%
Equity€43,015-€47,606▲ 10.7%€61,698▲ 29.6%
Total assets€80,364-€110,286▲ 37.2%€248,895▲ 126%
Debt€37,350-€62,680▲ 67.8%€187,197▲ 199%
Working capital€36,765-€37,856▲ 3.0%€38,986▲ 3.0%
Staff (FTE)4.96.2▲ 26.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +126% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 146% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €248,895
Fixed assets
€86,778 ▲ 790%
Current assets
€162,117 ▲ 61.3%
Equity and liabilities €248,895
Equity
€61,698 ▲ 29.6%
Debt
€187,197 ▲ 199%
Debt's share of the balance-sheet total rises from 56.8% to 75.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,234
Cash flow
€34,109
Current ratio
1.32▼
2023 · 1.60
Debt to equity
3.03▲
2023 · 1.32
ROE
22.8%▲
2023 · 9.6%
ROA
5.7%▲
2023 · 4.2%
Interest coverage
6.37
Debt ≤ 1 year
€123,131▲
2023 · €62,680
Debt > 1 year
€64,066
Income taxes
€4,879▲
2023 · €1,372
Staff costs
€250,778▲
2023 · €163,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 7,976 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €56,341 | €163,839 | €250,778 | ▲ 53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €20,017 | - |
| Other operating charges640/8 | €12,994 | €12,758 | €17,741 | ▲ 39.1% |
| Non-recurring operating charges66A | - | - | €5,611 | - |
| Gross operating margin9900 | €80,683 | €187,234 | €320,364 | ▲ 71.1% |
| Operating profit (loss)9901 | €11,347 | €10,637 | €26,217 | ▲ 146% |
| Financial income75/76B | €13 | €48 | €10 | ▼ 79.4% |
| Recurring financial income75 | €13 | €48 | €10 | ▼ 79.4% |
| Financial charges65/66B | €1,342 | €4,722 | €7,255 | ▲ 53.6% |
| Recurring financial charges65 | €1,342 | €4,722 | €7,255 | ▲ 53.6% |
| Profit (loss) for the period before taxes9903 | €10,018 | €5,963 | €18,971 | ▲ 218% |
| Income taxes67/77 | €2,004 | €1,372 | €4,879 | ▲ 256% |
| Profit (loss) for the period9904 | €8,015 | €4,591 | €14,093 | ▲ 207% |
| Profit (loss) for the period to be appropriated9905 | €8,015 | €4,591 | €14,093 | ▲ 207% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €80,364 | €110,286 | €248,895 | ▲ 126% |
| Fixed assets21/28 | €6,250 | €9,750 | €86,778 | ▲ 790% |
| Tangible fixed assets22/27 | - | - | €77,028 | - |
| Furniture and vehicles24 | - | - | €44,166 | - |
| Leasing and similar rights25 | - | - | €32,862 | - |
| Financial fixed assets28 | €6,250 | €9,750 | €9,750 | = |
| Current assets29/58 | €74,114 | €100,536 | €162,117 | ▲ 61.3% |
| Amounts receivable within one year40/41 | €45,979 | €67,886 | €85,211 | ▲ 25.5% |
| Trade receivables40 | €45,979 | €67,886 | €85,211 | ▲ 25.5% |
| Cash at bank and in hand54/58 | €27,417 | €30,845 | €74,895 | ▲ 143% |
| Deferred charges and accrued income490/1 | €718 | €1,804 | €2,011 | ▲ 11.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €80,364 | €110,286 | €248,895 | ▲ 126% |
| Equity10/15 | €43,015 | €47,606 | €61,698 | ▲ 29.6% |
| Contributions10/11 | €35,000 | €35,000 | €35,000 | = |
| Profit (loss) carried forward14 | €8,015 | €12,606 | €26,698 | ▲ 112% |
| Amounts payable17/49 | €37,350 | €62,680 | €187,197 | ▲ 199% |
| Amounts payable after more than one year17 | - | - | €64,066 | - |
| Financial debts170/4 | - | - | €64,066 | - |
| Amounts payable within one year42/48 | €37,350 | €62,680 | €123,131 | ▲ 96.4% |
| Current portion of amounts payable after more than one year42 | - | - | €17,308 | - |
| Trade debts44 | €1,843 | €17,168 | €34,588 | ▲ 101% |
| Suppliers440/4 | €1,843 | €17,168 | €34,588 | ▲ 101% |
| Taxes, remuneration and social security45 | €12,907 | €23,643 | €51,548 | ▲ 118% |
| Taxes450/3 | €5,280 | €10,739 | €16,962 | ▲ 57.9% |
| Remuneration and social security454/9 | €7,627 | €12,904 | €34,586 | ▲ 168% |
| Other amounts payable47/48 | €22,600 | €21,869 | €19,687 | ▼ 10.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,015 | €4,591 | €14,093 | ▲ 207% |
| + Depreciation and write-downs630 | - | - | €20,017 | - |
| Operating cash flow (approximation) | €8,015 | €4,591 | €34,109 | ▲ 643% |
| Investment in fixed assets (approximation) | - | -€3,500 | -€97,044 | ▼ 2,673% |
| Change in cash | - | €3,429 | €44,050 | ▲ 1,185% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2022net €14,093 ▲207%
Operating result €26,217, net result €14,093, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €4,591 ▼42.7%
Net result drops to €4,591, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 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, Antwerpen · 1 establishment unit since 2021
Ground area
3,258 m²
Building footprint
1,719 m²
Volume, LiDAR
10,794 m³
Parcel 11463D0153/00K000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
28
companies at this address
See who is registered here
1 establishment unit
LOGISCO
since 20212.325.421.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0153/00K000 | Flanders | 3,258 m² | 1 · 1,719 m² | 7.8 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
2022 · 2 entries · 4,034 EUR awarded · 4,034 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 4,034 EUR | 4,034 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.325.421.382
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
SERVICE LOGISTICS
BE 1000.328.831
Antwerpen · Eq €61,688
BKM-MULTISERVICE
BE 0790.815.660
Antwerpen · Eq €61,339
STARLING TRANS
BE 0837.618.952
Wetteren · Eq €62,117
BOLDISOR TRANS
BE 0770.744.083
Puurs-Sint-Amands · Eq €62,293
EXPRESS GLOBAL SERVICES
BE 0788.815.678
Zaventem · Eq €62,362
Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 1,092 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
Founded09-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778399165
Also
9925:BE0778399165
Registered
29-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.