Equity
€24,821 from €4.9m in 2018
Equity fell by 99% in 7 years.
LOGISTIQUE SOGESMA
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €17.4m (2023)
€15.3m▼ 3.9%
lowest -€1.9m (2023)
-€384,086▼ €361,245
peak €4.9m (2018)
€24,821▼ 94.0%
€14.3m▼ 57.2%
peak 166.9 FTE (2023)
143.9 FTE▼ 12.6%
Board9 names since 2018
3 directorsPARGECO SRL and 2 others
Owners3 names in the annual accounts
100%SOGESMA and 1 other
Documentsfilings and deeds
24-07-20267 days before the deadline
2025financial year
Loss of €384,086Staff from 164.7 FTE to 143.9 FTE1 director resigning 24-03Resignation: Pargeco (managing director) 24-03Equity from €410,461 to €24,821Debts from €33.5m to €14.3m
Key points
from the 2025 annual accountsLosses
-€2.3m in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€14.3m 99% of the balance sheet
Suppliers 7%Taxes and wages 6%Other 87%
Of this, €14.3m falls due within a year.
Payment terms
48 days to suppliers
LOGISTIQUE SOGESMA pays its suppliers 82 days earlier than in 2024. Customers pay 381 days earlier.
Filings
22 annual accounts since 2004
The last five annual accounts were filed 2 to 33 days before the end of the period.
Position in the sector
-€384,086
Lower net result than 93% of companies in land transport. Sector median €48,754 · 1,084 companies.
Checked score
53
Fair
Financially stronger than 13% of medium-sized companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 275 companies (NACE 49, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.5%● unchanged vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.5%● unchanged vs 03-2025
05-2025: 2.6%▲ +0.1 percentage points vs 04-2025
06-2025: 2.6%● unchanged vs 05-2025
07-2025: 3.0%▲ +0.4 percentage points vs 06-2025highest value
08-2025: 1.0%▼ -2.0 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026lowest value
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▲ +0.3 percentage points vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Equity €24,821 (0.2% of total assets)
Liquidity: current ratio 0.90, cash €115,581
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Founded in 2004
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 49, medium-sized). It does better than 7% of them on solvency, 5% on liquidity, 26% on profitability and 13% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 140 companies had the same profile as LOGISTIQUE SOGESMA has now. Each dot is one company, two years later.
96.4%
were still trading
1.4%
stopped another way
2.1%
went bankrupt
That fits the bankruptcy probability of LOGISTIQUE SOGESMA itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,448 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 140 companies, not a prediction for LOGISTIQUE SOGESMA. 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 €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.9 (0.94 in 2024), below 1. Short-term debt is 99.2% and cash 0.8% of total assets. 99.8% 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
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€384,086
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1086 sector peers (2025).
NBB · sector comparisonPosition among 1086 sector peers
Solvency
better than 9%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
15 days early
2023
2 days early
2022
11 days early
2021
33 days early
2020
24 days early
2019
23 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 16 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 20 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PS
PARGECO SRL
Director, Thomas Marchandise
- SOGESMA 100%score 80equity €25.2m (2025) · annual accounts 2025
- GIFI SAS consolidatesannual accounts 2025
Recent changes
1 statutory auditor reappointed, 2 directors reappointed
Permanent representatives: MITRUGNO Angélique, Rachel Marchandise and Thomas Marchandise · DELOITTE REVISEURS D'ENTREPRISES (statutory auditor), CONSULCOM SA (managing director) and PARGECO SRL · General meeting of 22-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866514955
1 director resigning
BLUE VISION · Permanent representatives: Nicolas Marchand and Thomas Marchandise · Director discharge: BLUE VISION · General meeting of 20-09-2024 · Gazette deed
Resignation: Pargeco (managing director)
Permanent representative: Thomas Marchandise · Board meeting of 25-02-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LOGISTIQUE SOGESMA Fleurus | €15.3m | -2.4% | 0.2% | 143.9 |
| Kris De Leeneer Lokeren | €23.2m | 27.7% | 24.3% | 124.9 |
| SUD-FRESH Aubange | €21.6m | 0.0% | 2.0% | 142.1 |
| LDA Transports Libramont-Chevigny | €16.6m | 1.3% | 27.7% | 108.5 |
| ' s HEEREN FREDERIC Hannut | €31.2m | 3.2% | 7.5% | 139.3 |
| EURO-TRAFIC Fleurus | €18.8m | 6.1% | 15.3% | 133.9 |
| STEF Transport Tournai Tournai | €18.0m | -14.7% | -17.0% | 127.3 |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LOGISTIQUE SOGESMA: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €8.3m and €22m, founded between 1983 and 2010.
Official details
Source: KBO- Status
- Active since 26-07-2004Normal situation
- Activity
- Freight transport by roadNACE 49410and 2 others
- Establishment units
- 2.138.658.1765620 Florennes, since 26-07-2004
- 2.257.851.4796220 Fleurus, since 15-07-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 15-10-2025
Annual accounts 2025
- €14.5m▼ 57.4%
- Employeeson 31-12-2025
- 143▼ 5.3%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on LOGISTIQUE SOGESMA
LOGISTIQUE SOGESMA has existed since 2004. Turnover grew from €7.7m in 2006 to €15.3m in 2025 and staff from 85.7 to 143.9 full-time equivalents.
SOGESMA holds all the shares. In September 2026, the Official Gazette published the appointment of CONSULCOM SA as managing director.
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 SOGESMA
- What is the company number of LOGISTIQUE SOGESMA?
- The company number of LOGISTIQUE SOGESMA is 0866.514.955. The VAT number is the same number with BE in front: BE 0866.514.955.
- Where is LOGISTIQUE SOGESMA based?
- The registered office is at Rue de Capilône 6, 6220 Fleurus.Company details
- What does LOGISTIQUE SOGESMA do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of LOGISTIQUE SOGESMA?
- LOGISTIQUE SOGESMA is a public limited company (NV).
- When was LOGISTIQUE SOGESMA founded?
- LOGISTIQUE SOGESMA was founded on 26-07-2004.
- Is LOGISTIQUE SOGESMA still active?
- Yes, LOGISTIQUE SOGESMA is an active enterprise in the KBO register.
- How many employees does LOGISTIQUE SOGESMA have?
- LOGISTIQUE SOGESMA had an average of 143.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LOGISTIQUE SOGESMA?
- The turnover of LOGISTIQUE SOGESMA was €15.3m in financial year 2025, according to the filed annual accounts.
- Is LOGISTIQUE SOGESMA profitable?
- In financial year 2025, LOGISTIQUE SOGESMA made a loss of €384,086.
- Where can I find the annual accounts of LOGISTIQUE SOGESMA?
- LOGISTIQUE SOGESMA filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LOGISTIQUE SOGESMA due?
- LOGISTIQUE SOGESMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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