Active BE 0423.664.425Public limited companyOpen bankruptcy

Logistimat

Rue de la Croix Limont 11 ·5590 Ciney, Belgium· 43 yrs active

Sector: Algemene bouw van residentiële gebouwen (41001)

Conclusion Checked

A bankruptcy procedure is open for Logistimat according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €7.17M and a net result of €-1.57M.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€7.17M
Net result	€-1.57M
Staff (FTE)	20.8
Better than sector	66%

Snowflake analysis 5 of 5 axes measured · computed by Checked

27 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 66

Growth 68

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-08-2024 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2023 · NACE 41, Construction of buildings · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	41.7%	26.2%	better than 66% of 204 sector peers
Net result	€-1.57M	€13k	better than 5% of 203 sector peers
Equity	€7.17M	€50k	better than 95% of 204 sector peers
Staff costs	€1.09M	€184k	higher than 79% of 104 sector peers
Employees (FTE)	20.8	8.8	better than 75% of 76 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€15.95M

-36.2% 18-23

EBITDA

€-1.31M

- 18-23

Net profit

€-1.57M

- 18-23

Cash flow

€-1.44M

- 18-23

Total assets

€17.22M

-2.9% 18-23

Equity

€7.17M

-17.9% 18-23

Working capital

€1.00M

-52.8% 18-23

Employees (FTE)

21

-6.7% 18-23

Staff costs

€1.09M

+10.7% 18-23

Income taxes

€-2k

- 18-23

Debt

€10.05M

+11.8% 18-23

Debt ≤ 1y

€9.92M

+11.1% 18-23

Debt > 1y

€121k

+136.7% 18-23

Current ratio

1.10

-11.1% 18-23

Quick ratio

1.10

+17.5% 18-23

Solvency

41.7%

-15.5% 18-23

Debt / equity

1.40

+36.2% 18-23

ROE

-21.9%

- 18-23

ROA

-9.1%

- 18-23

Net margin

-9.8%

- 18-23

EBITDA margin

-8.2%

- 18-23

Interest coverage

-7.86

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	€15.95M
EBITDA	€-1.31M
Net profit	€-1.57M
Cash flow	€-1.44M
Staff costs	€1.09M
Income taxes	€-2k
Dividends	-
Total assets	€17.22M
Equity	€7.17M
Debt	€10.05M
of which ≤ 1y	€9.92M
of which > 1y	€121k
Working capital	€1.00M
Employees (FTE)	20.8

Ratios (computed)

	2023
Current ratio	1.10
Quick ratio	1.10
Working capital ratio	5.8%
Solvency	41.7%
Debt / equity	1.40
Long-term debt ratio	0.02
Interest coverage	-7.86
Gross margin	4.1%
Net margin	-9.8%
ROA	-9.1%
ROE	-21.9%
EBITDA margin	-8.2%
Days sales outstanding	102d
Days payable outstanding	28d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €6.25M · 36.4% Current assets €10.92M · 63.6%

Equity & liabilities

Equity €7.17M · 41.7% Debt €10.05M · 58.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€17.22M
Fixed assets	21/28	€6.25M
Formation expenses	20	€52k
Tangible fixed assets	22/27	€259k
Financial fixed assets	28	€5.99M
Current assets	29/58	€10.92M
Amounts receivable within one year	40/41	€10.91M
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€17.22M
Equity	10/15	€7.17M
Contributions / capital	10/11	€6.63M
Reserves	13	€542k
Accumulated profits (losses)	14	€20
Amounts payable	17/49	€10.05M
Amounts payable after one year	17	€121k
Amounts payable within one year	42/48	€9.92M
Trade debts payable within one year	44	€1.18M
Income statement
Turnover	70	€15.95M
Operating result	9901	€-1.44M
Financial income	75	€68k
Financial charges	65	€202k
Result before taxes	9903	€-1.57M
Income taxes	67/77	€-2k
Net result for the period	9904	€-1.57M
Result to be appropriated	9905	€-1.57M

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	MARTIN MARINX RUE PHOCAS LEJEUNE 8, 5032 02 ISNES	07-08-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Public limited company(014)
Incorporation	03-02-1983
Status	Active
Postal code	5590
First BS signal	13-08-2025
Latest BS signal	27-08-2025

Establishment units 1 location

LOGISTIMAT

Rue du Marché couvert 15, 5590 CineyHandel in auto's

since 19832.021.814.253

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91030B0205/00_000	Wallonia	2,379 m²	-	-
91030B0406/00D000	Wallonia	2,360 m²	-	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

27-08-2025

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · LOGISTIMAT SA RUE DE LA CROIX LIMONT 11, 5590 CINEY · event 07-08-2025

13-08-2025

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · LOGISTIMAT SA RUE DE LA CROIX LIMONT 11, 5590 CINEY · event 07-08-2025

2024

30-08-2024