LOGISTICAL
InactiveOverview
Activity
Activity not known
Size
€5,759total assets 2025
- Equity
- -€139,595
- Loss
- -€25,965
Turnover not published (abbreviated format)
Financial health
Inactive: no score
Structure
1 of 4 deeds summarised
Signalsraises riskNegative equityneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€139,595
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 12-06-2026, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
49 days early
2024
29 days late
2023
30 days late
2022
30 days late
2021
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 14 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- End & cessationResignations: SILVER BAIT,LLC (director) and…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
Equity
-€139,595▼ 22.9%
2024 · -€113,630
Total assets
€5,759▼ 60.3%
2024 · €14,508
Net result
-€25,965▼ 9.8%
2024 · -€23,658
Working capital
-€139,739▼ 15.4%
2024 · -€121,092
Trend over the years
2021 to 2025, 5 financial years
The operating result stays negative: a loss of €25,887 in 2025 against €23,436 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€25,887
2025
Net result-€25,965
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5,759
2025
Equity-€139,595
2025
Debt€145,353
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€139,739
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€18,696--€16,065▲ 14.1%-€54,534▼ 239%-€23,436▲ 57.0%-€25,887▼ 10.5%
Net result-€19,160--€16,174▲ 15.6%-€54,638▼ 238%-€23,658▲ 56.7%-€25,965▼ 9.8%
Equity-€19,160--€35,334▼ 84.4%-€89,971▼ 155%-€113,630▼ 26.3%-€139,595▼ 22.9%
Total assets€37,912-€34,185▼ 9.8%€24,861▼ 27.3%€14,508▼ 41.6%€5,759▼ 60.3%
Debt€57,072-€69,518▲ 21.8%€114,832▲ 65.2%€128,137▲ 11.6%€145,353▲ 13.4%
Working capital-€51,700--€59,515▼ 15.1%-€105,793▼ 77.8%-€121,092▼ 14.5%-€139,739▼ 15.4%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,759
Fixed assets
€144 ▼ 98.1%
Current assets
€5,615 ▼ 20.3%
Equity and liabilities
Equity-€139,595
Debt€145,353
Equity is negative: debt (€145,353) exceeds the balance-sheet total (€5,759).
Key figures and ratios
EBITDA
-€25,887▼
2024 · -€15,077
Cash flow
-€25,965▼
2024 · -€15,299
Current ratio
0.04▼
2024 · 0.05
ROA
-450.9%▼
2024 · -163.1%
Interest coverage
-328.59▼
2024 · -67.99
Debt ≤ 1 year
€145,353▲
2024 · €128,137
A ratio outside any meaningful range has been withheld (balance sheet total €5,759, equity -€139,595).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,170 | €8,360 | €8,360 | €8,360 | €0 | ▼ 100% |
| Other operating charges640/8 | €4,727 | €571 | €499 | €0 | €647 | - |
| Non-recurring operating charges66A | €79,452 | €0 | - | - | - | - |
| Gross operating margin9900 | €80,654 | -€7,135 | -€45,675 | -€15,077 | -€25,239 | ▼ 67.4% |
| Operating profit (loss)9901 | -€18,696 | -€16,065 | -€54,534 | -€23,436 | -€25,887 | ▼ 10.5% |
| Financial income75/76B | €500 | €0 | - | - | - | - |
| Recurring financial income75 | €500 | €0 | - | - | - | - |
| Financial charges65/66B | €964 | €109 | €103 | €222 | €79 | ▼ 64.5% |
| Recurring financial charges65 | €964 | €109 | €103 | €222 | €79 | ▼ 64.5% |
| Profit (loss) for the period before taxes9903 | -€19,160 | -€16,174 | -€54,638 | -€23,658 | -€25,965 | ▼ 9.8% |
| Profit (loss) for the period9904 | -€19,160 | -€16,174 | -€54,638 | -€23,658 | -€25,965 | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | -€19,160 | -€16,174 | -€54,638 | -€23,658 | -€25,965 | ▼ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,912 | €34,185 | €24,861 | €14,508 | €5,759 | ▼ 60.3% |
| Fixed assets21/28 | €32,541 | €24,181 | €15,822 | €7,462 | €144 | ▼ 98.1% |
| Tangible fixed assets22/27 | €32,397 | €24,037 | €15,678 | €7,318 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €22,747 | €17,486 | €12,224 | €6,963 | €0 | ▼ 100% |
| Furniture and vehicles24 | €9,650 | €6,552 | €3,454 | €356 | €0 | ▼ 100% |
| Financial fixed assets28 | €144 | €144 | €144 | €144 | €144 | = |
| Current assets29/58 | €5,371 | €10,003 | €9,039 | €7,045 | €5,615 | ▼ 20.3% |
| Amounts receivable within one year40/41 | €2,559 | €7,381 | €3,713 | €2,421 | €0 | ▼ 100% |
| Trade receivables40 | €1,028 | €7,381 | €0 | - | - | - |
| Other amounts receivable41 | €1,531 | €0 | €3,713 | €2,421 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2,812 | €2,622 | €5,326 | €4,437 | €5,615 | ▲ 26.5% |
| Deferred charges and accrued income490/1 | - | - | - | €188 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,912 | €34,185 | €24,861 | €14,508 | €5,759 | ▼ 60.3% |
| Equity10/15 | -€19,160 | -€35,334 | -€89,971 | -€113,630 | -€139,595 | ▼ 22.9% |
| Profit (loss) carried forward14 | -€19,160 | -€35,334 | -€89,971 | -€113,630 | -€139,595 | ▼ 22.9% |
| Amounts payable17/49 | €57,072 | €69,518 | €114,832 | €128,137 | €145,353 | ▲ 13.4% |
| Amounts payable within one year42/48 | €57,072 | €69,518 | €114,832 | €128,137 | €145,353 | ▲ 13.4% |
| Trade debts44 | €471 | €548 | €10,381 | €0 | €7,776 | - |
| Suppliers440/4 | €471 | €548 | €10,381 | €0 | €7,776 | - |
| Taxes, remuneration and social security45 | - | €6,238 | €0 | - | €963 | - |
| Taxes450/3 | - | €6,238 | €0 | - | €963 | - |
| Other amounts payable47/48 | €56,600 | €62,733 | €104,451 | €128,137 | €136,614 | ▲ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,160 | -€16,174 | -€54,638 | -€23,658 | -€25,965 | ▼ 9.8% |
| + Depreciation and write-downs630 | €15,170 | €8,360 | €8,360 | €8,360 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€3,989 | -€7,815 | -€46,278 | -€15,299 | -€25,965 | ▼ 69.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €7,318 | - |
| Change in cash | - | -€190 | €2,704 | -€889 | €1,178 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-06-2026 | 2026-00173422 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00483916 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00456866 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00382094 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20376927 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2026
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
2 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alex Durant |
|
| SILVER BAIT,LLC |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
08-05
Gazette deed
End & cessationResignations: SILVER BAIT,LLC (director) and DURANT ALEX (director) · Permanent representative: Bruno DURANT · Dissolution6 facts ▸
Gazette deed
End & cessation
Resignations: SILVER BAIT,LLC (director) and DURANT ALEX (director) · Permanent representative: Bruno DURANT · Dissolution6 facts ▸
- General meeting, 31-03-2026
- Dissolution, 1
- Director resignation, SILVER BAIT,LLC (director)
- Director resignation, DURANT ALEX (director)
- Permanent representative, Bruno DURANT
- Liquidation closure, “afsluiting van de vereffening, definitief opgehouden te bestaan” (deed in Dutch)
2025
29-08
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format · 29 days late
2024
30-08
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€54,638
Net result drops to -€54,638, the lowest in the series.
30-08
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format · 30 days late
2022
31-08
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Inactive since April 2026
LOGISTICAL has not been in the KBO register since 30 April 2026.
- Status
- Inactiveout of the register since 30 April 2026
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Dumolinlaan 1, Bus 13, 8500 Kortrijkas published on 8 May 2026
- Legal form
- Private limited company
- Active since
- 13 January 2020
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kortrijk
Ground area
2,779 m²
Building footprint
39 m²
Parcel 34022E0689/00W002, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34022E0689/00W002 | Flanders | 2,779 m² | 1 · 39 m² | 0.0 m |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “8500 Kortrijk,President Kennedypark 1a, 5” (deed in Dutch)
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Bestuurders gelden ten aanzien van derden van rechtswege als vereffenaars bij gebrek aan benoeming van een vereffenaar, vereffenaars van…” (deed in Dutch)Liquidation distribution: “Eventueel resterend actief, terugname” (deed in Dutch)
Read from the deeds: 3 provisions, deed of 08-05-2026