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LOGITRANS INTER

Bankruptcy
Private limited companyfounded 2019KBO/BCE: BE 0731.627.547

From the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The KBO lists the legal status of LOGITRANS INTER as open bankruptcy, with no start date. The 2022 annual accounts show negative equity (-€13,874) and a net result of -€32,805.

LOGITRANS INTERBankruptcy

Financials · financial year 2022, micro format

2022 annual accounts filed 71 days after the deadline Filed on 10 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00482170.

Latest annual accounts filed

Annual accounts 2022

Download PDF
Financial year ended
31-12-2022
Filed on
10-10-2023
Format
micro format
Reference
2023-00482170
Turnover
≈ €730,000
Estimated: probably between €620,000 and €900,000
Total assets
€381,979▲ 15.9%
2021 · €329,663
Net result
-€32,805
2021 · €9,060
Working capital
-€73,410▼ 146%
2021 · -€29,901
Trend over the years

2020 to 2022, 3 financial years

The operating result for 2022 is a loss of €30,510, after a profit of €14,973 in 2021. It is the lowest result since 2020.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result-€30,510 2022 Net result-€32,805 2022

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202020212022
Operating result€8,253-€14,973▲ 81.4%-€30,510
Net result€4,871within the sector's middle half-€9,060within the sector's middle half▲ 86.0%-€32,805below the sector's middle half
Equity€9,871within the sector's middle half-€18,931within the sector's middle half▲ 91.8%-€13,874below the sector's middle half
Total assets€118,254within the sector's middle half-€329,663above the sector's middle half▲ 179%€381,979above the sector's middle half▲ 15.9%
Debt€108,383-€310,733▲ 187%€395,853▲ 27.4%
Working capital-€37,970below the sector's middle half--€29,901below the sector's middle half▲ 21.2%-€73,410below the sector's middle half▼ 146%
Solvency8.3%below the sector's middle half-5.7%below the sector's middle half▼ 2.6pp-3.6%below the sector's middle half▼ 9.4pp
Current ratio0.65below the sector's middle half-0.90within the sector's middle half▲ 0.250.81below the sector's middle half▼ 0.09
Return on assets (ROA)4.1%within the sector's middle half-2.7%within the sector's middle half▼ 1.4pp-8.6%below the sector's middle half▼ 11.3pp
Staff (FTE)19.4
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €381,979
Fixed assets €59,536 ▲ 21.9%
Current assets €322,443 ▲ 14.8%
Equity and liabilities
Equity-€13,874
Debt€395,853
Equity is negative. Debt (€395,853) exceeds the balance-sheet total (€381,979).
Key figures and ratios
2022 value · change against 2021
EBITDA
-€27,631▼
2021 · €17,221
Cash flow
-€29,926▼
2021 · €11,308
Interest coverage
-12.82▼
2021 · 10.66
Debt ≤ 1 year
€395,853▲
2021 · €310,733
Income taxes
€141▼
2021 · €4,304
Staff costs
€309,729▲
2021 · €154,024
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines

Source: Annual accounts 2022 (PDF), filed on 10-10-2023.

Balance sheet Code20212022
Assets
Total assets20/58€329,663€381,979▲
Fixed assets21/28€48,832€59,536▲
Tangible fixed assets22/27€43,832€42,468▼
Land and buildings22€41,026€39,738▼
Plant, machinery and equipment23€1,331€1,136▼
Furniture and vehicles24€1,475€1,594▲
Financial fixed assets28€5,000€17,068▲
Current assets29/58€280,831€322,443▲
Amounts receivable within one year40/41€275,812€320,354▲
Trade receivables40€273,778€309,053▲
Other amounts receivable41€2,034€11,301▲
Cash at bank and in hand54/58€4,416€2,065▼
Deferred charges and accrued income490/1€603€24▼
Equity and liabilities
Total equity and liabilities10/49€329,663€381,979▲
Equity10/15€18,931-€13,874▼
Contributions10/11€5,000€5,000=
Reserves13€500€500=
Distributable reserves133€500€500=
Profit (loss) carried forward14€13,431-€19,374▼
Amounts payable17/49€310,733€395,853▲
Amounts payable within one year42/48€310,733€395,853▲
Financial debts43€1,941€2,029▲
Credit institutions430/8€1,941€2,029▲
Trade debts44€85,608€106,430▲
Suppliers440/4€85,608€106,430▲
Advances received on contracts in progress46€167,396€185,562▲
Taxes, remuneration and social security45€52,485€101,832▲
Taxes450/3€15,722€57,554▲
Remuneration and social security454/9€36,764€44,278▲
Other amounts payable47/48€3,303-
Income statement Code20212022
Remuneration, social security and pensions62€154,024€309,729▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,248€2,879▲
Other operating charges640/8€7,998€41,398▲
Non-recurring operating charges66A€58-
Gross operating margin9900€179,300€323,497▲
Operating profit (loss)9901€14,973-€30,510▼
Financial income75/76B€7€0▼
Recurring financial income75€7€0▼
Financial charges65/66B€1,616€2,155▲
Recurring financial charges65€1,616€2,155▲
Profit (loss) for the period before taxes9903€13,363-€32,665▼
Income taxes67/77€4,304€141▼
Profit (loss) for the period9904€9,060-€32,805▼
Profit (loss) for the period to be appropriated9905€9,060-€32,805▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,931-€19,374▼
Profit (loss) brought forward from the previous period14P€4,871€13,431▲
Transfer to equity691/2€500-
To other reserves6921€500-

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line202020212022Change
Remuneration, social security and pensions62-€154,024€309,729▲ 101%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€237€2,248€2,879▲ 28.1%
Other operating charges640/8-€7,998€41,398▲ 418%
Non-recurring operating charges66A-€58--
Gross operating margin9900€28,120€179,300€323,497▲ 80.4%
Operating profit (loss)9901€8,253€14,973-€30,510-
Financial income75/76B-€7€0▼ 98.7%
Recurring financial income75-€7€0▼ 98.7%
Financial charges65/66B-€1,616€2,155▲ 33.3%
Recurring financial charges65€871€1,616€2,155▲ 33.3%
Profit (loss) for the period before taxes9903€7,382€13,363-€32,665-
Income taxes67/77€2,511€4,304€141▼ 96.7%
Profit (loss) for the period9904€4,871€9,060-€32,805-
Profit (loss) for the period to be appropriated9905€4,871€9,060-€32,805-
Line202020212022Change
Assets
Total assets20/58€118,254€329,663€381,979▲ 15.9%
Fixed assets21/28€47,841€48,832€59,536▲ 21.9%
Tangible fixed assets22/27€42,841€43,832€42,468▼ 3.1%
Land and buildings22-€41,026€39,738▼ 3.1%
Plant, machinery and equipment23-€1,331€1,136▼ 14.7%
Furniture and vehicles24-€1,475€1,594▲ 8.0%
Financial fixed assets28€5,000€5,000€17,068▲ 241%
Current assets29/58€70,413€280,831€322,443▲ 14.8%
Amounts receivable within one year40/41€61,818€275,812€320,354▲ 16.1%
Trade receivables40-€273,778€309,053▲ 12.9%
Other amounts receivable41-€2,034€11,301▲ 456%
Cash at bank and in hand54/58€8,595€4,416€2,065▼ 53.2%
Deferred charges and accrued income490/1-€603€24▼ 96.0%
Equity and liabilities
Total equity and liabilities10/49€118,254€329,663€381,979▲ 15.9%
Equity10/15€9,871€18,931-€13,874-
Contributions10/11-€5,000€5,000=
Reserves13-€500€500=
Distributable reserves133-€500€500=
Profit (loss) carried forward14€4,871€13,431-€19,374-
Amounts payable17/49€108,383€310,733€395,853▲ 27.4%
Amounts payable within one year42/48€108,383€310,733€395,853▲ 27.4%
Financial debts43-€1,941€2,029▲ 4.5%
Credit institutions430/8-€1,941€2,029▲ 4.5%
Trade debts44€60,089€85,608€106,430▲ 24.3%
Suppliers440/4-€85,608€106,430▲ 24.3%
Advances received on contracts in progress46-€167,396€185,562▲ 10.9%
Taxes, remuneration and social security45-€52,485€101,832▲ 94.0%
Taxes450/3-€15,722€57,554▲ 266%
Remuneration and social security454/9-€36,764€44,278▲ 20.4%
Other amounts payable47/48-€3,303--
Line202020212022Change
Profit (loss) for the period9904€4,871€9,060-€32,805-
+ Depreciation and write-downs630€237€2,248€2,879▲ 28.1%
Operating cash flow (approximation)€5,108€11,308-€29,926-
Investment in fixed assets (approximation)--€3,239-€13,583▼ 319%
Change in cash--€4,179-€2,351▲ 43.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2022 micro format 10-10-2023 2023-00482170 PDF
31-12-2021 micro format 17-10-2022 2022-20469982 PDF
31-12-2020 micro format 01-10-2021 2021-70700078 PDF

Comparable companies

These companies have the same main activity as LOGITRANS INTER: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €358,000 and €413,000, founded between 2018 and 2020.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
LOGITRANS INTER2019€381,979-€13,874€323,497--€32,805-2022
CARGO PLUS Grâce-Hollogne2019€391,945€48,968€323,897-€69,05852025
MY AMOR TRANSPORT Courcelles2019€412,893€153,701€335,847-€25,290-2024
LM ECO CONSULT Charleroi2020€358,183€263,390€329,038-€18,250-2025
TANO TRANS Brussel2019€399,678€54,368€290,984--€23,055-2025
MIR TRANS Brecht2018€404,149€188,997€317,374€642,831€118,356-2025
Wim Driessen Trans Zutendaal2019€357,949-€138,560€278,936--€129,009-2025

They were chosen from the 7,774 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.