Logistimat
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Namur division
- Declared bankrupt
- 7 August 2025
- Supervising judge
- Nadia Ajvazov
- Official Gazette
- 27-08-2025 (pdf) ↗search the document for 2025/133991
Deadlines
- Appeal or third-party opposition until
- passed on 11 September 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- passed on 7 August 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Martin MarinxRue Phocas Lejeune 8, 5032 02 Isnesmartin.marinx@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 10 filingsDeviation from the deadline
2024
not filed
2023
30 d late
2022
30 d late
2021
30 d late
2020
153 d late
2019
91 d late
2018
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 60 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€15.9m▼ 36.2%
2022 · €25.0m
EBIT margin
-9.0%▼ 9.9pp
2022 · 0.9%
Net result
-€1.6m
2022 · €119,488
Working capital
€1.0m▼ 52.8%
2022 · €2.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€0.7m▼ 2.6%€24.1m▲ 3,233%€26.0m▲ 8.1%€25.0m▼ 4.1%€15.9m▼ 36.2%
Operating result€0.03m▼ 62.1%€0.7m▲ 2,515%€0.4m▼ 39.9%€0.2m▼ 48.6%-€1.4m
Net result€0.01m▼ 77.4%€0.4mabove the sector's middle half▲ 3,912%€0.4mabove the sector's middle half▼ 3.2%€0.1mwithin the sector's middle half▼ 71.7%-€1.6mbelow the sector's middle half
EBIT margin3.6%▼ 5.7pp2.9%▼ 0.8pp1.6%▼ 1.3pp0.9%▼ 0.7pp-9.0%▼ 9.9pp
Equity€0.08m▼ 0.1%€6.8mabove the sector's middle half▲ 8,266%€8.7mabove the sector's middle half▲ 28.9%€8.7mabove the sector's middle half▲ 0.1%€7.2mabove the sector's middle half▼ 17.9%
Total assets€0.6m▼ 5.7%€18.6mabove the sector's middle half▲ 2,770%€17.7mabove the sector's middle half▼ 5.3%€17.7mabove the sector's middle half▲ 0.4%€17.2mabove the sector's middle half▼ 2.9%
Debt€0.6m▼ 6.5%€11.9m▲ 1,987%€8.9m▼ 24.8%€9.0m▲ 0.8%€10.0m▲ 11.8%
Working capital€0.06m▼ 19.6%€1.7mabove the sector's middle half▲ 2,623%€1.9mabove the sector's middle half▲ 11.7%€2.1mabove the sector's middle half▲ 11.1%€1.0mabove the sector's middle half▼ 52.8%
Solvency12.5%▲ 0.7pp36.4%within the sector's middle half▲ 23.9pp49.5%within the sector's middle half▲ 13.1pp49.3%within the sector's middle half▼ 0.2pp41.7%within the sector's middle half▼ 7.6pp
Current ratio1.11▼ 0.021.15within the sector's middle half▲ 0.031.22within the sector's middle half▲ 0.071.24within the sector's middle half▲ 0.021.10within the sector's middle half▼ 0.14
Return on assets (ROA)1.7%▼ 5.3pp2.3%within the sector's middle half▲ 0.7pp2.4%within the sector's middle half▲ 0.1pp0.7%within the sector's middle half▼ 1.7pp-9.1%below the sector's middle half▼ 9.8pp
Staff (FTE)5▼ 5.7%23.3within the sector's middle half▲ 366%25.8within the sector's middle half▲ 10.7%22.3within the sector's middle half▼ 13.6%20.8within the sector's middle half▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €1.4m after €212,979 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €17.2m
Fixed assets
€6.3m ▼ 5.2%
Current assets
€10.9m ▼ 1.2%
Equity and liabilities €17.2m
Equity
€7.2m ▼ 17.9%
Debt
€10.0m ▲ 11.8%
Debt's share of the balance-sheet total rises from 50.7% to 58.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1.3m▼
2022 · €452,255
Cash flow
-€1.4m▼
2022 · €358,764
Debt to equity
1.40▲
2022 · 1.03
ROE
-21.9%▼
2022 · 1.4%
Interest coverage
-7.86▼
2022 · 4.98
Debt ≤ 1 year
€9.9m▲
2022 · €8.9m
Debt > 1 year
€120,647▲
2022 · €50,962
Income taxes
-€1,903▼
2022 · €61,128
Staff costs
€1.1m▲
2022 · €987,086
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €24.3m | €26.1m | €25.1m | €16.0m | ▼ 36.1% |
| Turnover70 | €0.7m | €24.1m | €26.0m | €25.0m | €15.9m | ▼ 36.2% |
| Other operating income74 | - | €0.2m | €0.07m | €0.1m | €0.09m | ▼ 9.4% |
| Operating charges60/66A | - | €23.6m | €25.7m | €24.9m | €17.5m | ▼ 29.7% |
| Goods for resale, raw materials and consumables60 | - | €21.6m | €22.9m | €22.8m | €15.3m | ▼ 32.9% |
| Purchases600/8 | - | - | €22.5m | €22.4m | €12.5m | ▼ 44.1% |
| Change in stocks: decrease (increase)609 | - | €0.04m | €0.4m | €0.4m | €2.8m | ▲ 689% |
| Services and other goods61 | - | €0.8m | €1.2m | €0.9m | €0.7m | ▼ 27.7% |
| Remuneration, social security and pensions62 | - | €0.9m | €1.1m | €1.0m | €1.1m | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 45.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.2m | -€0.1m | -€0.08m | ▲ 23.7% |
| Other operating charges640/8 | - | €0.08m | €0.02m | €0.03m | €0.3m | ▲ 986% |
| Non-recurring operating charges66A | - | €0.02m | €0.04m | €0.02m | €0.07m | ▲ 232% |
| Operating profit (loss)9901 | €0.03m | €0.7m | €0.4m | €0.2m | -€1.4m | ▼ 775% |
| Financial income75/76B | - | - | €0.09m | €0.1m | €0.07m | ▼ 31.0% |
| Recurring financial income75 | €23 | €0.1m | €0.09m | €0.1m | €0.07m | ▼ 31.0% |
| Income from current assets751 | - | €0.009m | €0.007m | €0.001m | - | - |
| Other financial income752/9 | - | €0.1m | €0.09m | €0.1m | €0.07m | ▼ 30.5% |
| Financial charges65/66B | - | €0.3m | €0.1m | €0.1m | €0.2m | ▲ 54.8% |
| Recurring financial charges65 | €0.009m | €0.3m | €0.1m | €0.1m | €0.2m | ▲ 54.8% |
| Debt charges650 | €0.007m | €0.3m | €0.09m | €0.09m | €0.2m | ▲ 83.1% |
| Other financial charges652/9 | - | €0.04m | €0.01m | €0.04m | €0.04m | ▼ 10.2% |
| Non-recurring financial charges66B | - | €0.007m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.5m | €0.4m | €0.2m | -€1.6m | ▼ 970% |
| Income taxes67/77 | €0.007m | €0.02m | -€0.02m | €0.06m | -€0.002m | ▼ 103% |
| Taxes670/3 | - | €0.05m | €0.01m | €0.06m | €0.001m | ▼ 98.2% |
| Tax adjustments and reversals of tax provisions77 | - | €0.03m | €0.03m | - | €0.003m | - |
| Profit (loss) for the period9904 | €0.01m | €0.4m | €0.4m | €0.1m | -€1.6m | ▼ 1,413% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.4m | €0.4m | €0.1m | -€1.6m | ▼ 1,413% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.6m | €18.6m | €17.7m | €17.7m | €17.2m | ▼ 2.9% |
| Formation expenses20 | - | €0.2m | €0.1m | €0.09m | €0.05m | ▼ 43.0% |
| Fixed assets21/28 | €0.04m | €5.0m | €6.8m | €6.6m | €6.3m | ▼ 5.2% |
| Intangible fixed assets21 | - | €356 | - | - | - | - |
| Tangible fixed assets22/27 | €0.03m | €1.0m | €0.8m | €0.6m | €0.3m | ▼ 57.1% |
| Plant, machinery and equipment23 | - | €0.5m | €0.4m | €0.5m | €0.06m | ▼ 87.4% |
| Furniture and vehicles24 | - | €0.01m | €0.02m | €0.01m | €0.007m | ▼ 30.8% |
| Leasing and similar rights25 | - | €0.5m | €0.4m | €0.1m | €0.2m | ▲ 76.4% |
| Financial fixed assets28 | €0.007m | €4.1m | €6.0m | €6.0m | €6.0m | = |
| Affiliated companies280/1 | - | €4.1m | €6.0m | €6.0m | €6.0m | = |
| Participating interests280 | - | €4.1m | €6.0m | €6.0m | €6.0m | = |
| Other financial fixed assets284/8 | - | - | €0.01m | €0.01m | €0.01m | ▼ 1.3% |
| Amounts receivable and cash guarantees285/8 | - | - | €0.01m | €0.01m | €0.01m | ▼ 1.3% |
| Current assets29/58 | €0.6m | €13.4m | €10.7m | €11.0m | €10.9m | ▼ 1.2% |
| Stocks and contracts in progress3 | - | €3.5m | €2.9m | €2.7m | - | - |
| Stocks30/36 | - | €3.5m | €2.9m | €2.7m | - | - |
| Goods purchased for resale34 | - | €3.5m | €2.9m | €2.7m | - | - |
| Amounts receivable within one year40/41 | €0.6m | €9.8m | €7.8m | €8.4m | €10.9m | ▲ 30.5% |
| Trade receivables40 | - | €1.6m | €1.4m | €1.5m | €4.4m | ▲ 195% |
| Other amounts receivable41 | - | €8.2m | €6.4m | €6.9m | €6.5m | ▼ 5.6% |
| Cash at bank and in hand54/58 | €0.02m | €0.07m | €0.05m | €0.003m | €0.002m | ▼ 4.2% |
| Deferred charges and accrued income490/1 | - | €0.003m | €0.007m | €0.005m | €0.006m | ▲ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.6m | €18.6m | €17.7m | €17.7m | €17.2m | ▼ 2.9% |
| Equity10/15 | €0.08m | €6.8m | €8.7m | €8.7m | €7.2m | ▼ 17.9% |
| Contributions10/11 | €0.02m | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Capital10 | - | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Issued capital100 | - | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Reserves13 | €0.06m | €0.1m | €0.2m | €2.1m | €0.5m | ▼ 74.3% |
| Non-distributable reserves130/1 | - | €0.06m | €0.08m | €0.09m | €0.09m | = |
| Legal reserve130 | - | €0.06m | €0.08m | €0.09m | €0.09m | = |
| Tax-exempt reserves132 | - | €372 | €372 | €372 | €372 | = |
| Distributable reserves133 | - | €0.08m | €0.08m | €2.0m | €0.5m | ▼ 77.5% |
| Profit (loss) carried forward14 | €166 | €0.001m | €1.9m | €129 | €20 | ▼ 84.5% |
| Amounts payable17/49 | €0.6m | €11.9m | €8.9m | €9.0m | €10.0m | ▲ 11.8% |
| Amounts payable after more than one year17 | €0.02m | €0.2m | €0.09m | €0.05m | €0.1m | ▲ 137% |
| Financial debts170/4 | - | €0.2m | €0.09m | €0.05m | €0.1m | ▲ 137% |
| Leasing and similar obligations172 | - | €0.2m | €0.09m | €0.05m | €0.1m | ▲ 137% |
| Amounts payable within one year42/48 | €0.5m | €11.7m | €8.8m | €8.9m | €9.9m | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €0.4m | €0.07m | €0.04m | €0.06m | ▲ 47.9% |
| Financial debts43 | - | €6.7m | €2.5m | €2.5m | €2.2m | ▼ 13.5% |
| Credit institutions430/8 | - | €6.7m | €2.5m | €2.5m | €2.2m | ▼ 13.5% |
| Trade debts44 | €0.4m | €3.6m | €4.7m | €5.2m | €1.2m | ▼ 77.4% |
| Suppliers440/4 | - | €3.6m | €4.7m | €5.2m | €1.2m | ▼ 77.4% |
| Taxes, remuneration and social security45 | - | €0.3m | €0.2m | €0.2m | €0.3m | ▲ 61.5% |
| Taxes450/3 | - | €0.07m | €0.03m | €0.09m | €0.05m | ▼ 47.3% |
| Remuneration and social security454/9 | - | €0.2m | €0.2m | €0.1m | €0.3m | ▲ 143% |
| Other amounts payable47/48 | - | €0.7m | €1.3m | €1.0m | €6.2m | ▲ 536% |
| Accrued charges and deferred income492/3 | - | €0.002m | €0.005m | €0.01m | €0.009m | ▼ 34.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.4m | €0.4m | €0.1m | -€1.6m | ▼ 1,413% |
| + Depreciation and write-downs630 | €0.01m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 45.9% |
| Operating cash flow (approximation) | €0.02m | €0.7m | €0.7m | €0.4m | -€1.4m | ▼ 501% |
| Investment in fixed assets (approximation) | - | -€5.2m | -€2.0m | -€0.05m | €0.2m | ▲ 535% |
| Change in cash | - | €0.05m | -€0.03m | -€0.04m | -€105 | ▲ 99.8% |
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
27-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 07-08-2025
13-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 07-08-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 153 days late
2020
31-12
Financial
Highest result since 2018net €436,752 ▲3,912%
Operating result €689,132, net result €436,752, both a record.
31-12
Financial
Equity above €5mEq €6.8m ▲8,266%
3 profitable years in a row build equity to €6.8m.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
No directors read yet: 0 of 15 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ciney · 1 establishment unit since 1983
Ground area
4,739 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
LOGISTIMAT
since 1983unit no. 2.021.814.253
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0205/00_000 | Wallonia | 2,379 m² | - | - |
| 91030B0406/00D000 | Wallonia | 2,360 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARTIN MARINX Rue Phocas Lejeune 8, 5032 02 Isnes |
07-08-2025 → present |
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- AB Holding
- Logistimat
Highest known parent: AB Holding. The sources do not say who stands above it.
Owners 1
- AB HoldingparentSourceaccounts AB Holding 2023100%
Holdings 1
-
57.83%
According to the 2023 annual accounts of Logistimat and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 15 Gazette acts processed.
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Company details
Identification
Legal formPublic limited company
Founded03-02-1983
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68122Development of non-residential building projects
43990Other specialised construction activities
68110Buying and selling of own real estate
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.