LSL Logistics
Open bankruptcyA bankruptcy procedure is open for LSL Logistics according to publications in the Belgian State Gazette; curator: TOM VANDECRUYS.
Summary
The 2024 annual accounts show negative equity (-€506,518) and a net result of -€531,849.
Are 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 Antwerp, Turnhout division
- Declared bankrupt
- 25 November 2025
- Supervising judge
- Maria Dams
- Official Gazette
- 01-12-2025 (pdf) ↗search the document for 2025/149559
Deadlines
- Provisional date payments stopped
- 25 November 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 16 December 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 December 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 6 January 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 25 November 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Tom VandecruysRozendaal 78, 2440 Geelvandecruys@skynet.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€506,518
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
30 d late
2022
12 d early
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Other business support services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
-€506,518
2023 · €25,331
Total assets
€1.0m▲ 9.4%
2023 · €918,409
Net result
-€531,849▼ 44,001%
2023 · -€1,206
Working capital
-€506,518
2023 · €23,319
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€11,773-€47,982€8,733▼ 81.8%€6,465▼ 26.0%-€530,535
Net result-€11,857below the sector's middle half-€36,699within the sector's middle half€1,594within the sector's middle half▼ 95.7%-€1,206below the sector's middle half-€531,849below the sector's middle half▼ 44,001%
Equity-€11,757below the sector's middle half-€24,942below the sector's middle half€26,537within the sector's middle half▲ 6.4%€25,331within the sector's middle half▼ 4.5%-€506,518below the sector's middle half
Total assets€64,759within the sector's middle half-€133,760below the sector's middle half▲ 107%€413,268above the sector's middle half▲ 209%€918,409above the sector's middle half▲ 122%€1.0mwithin the sector's middle half▲ 9.4%
Debt€76,516-€108,818▲ 42.2%€386,731▲ 255%€893,078▲ 131%€1.5m▲ 69.2%
Working capital-€20,590below the sector's middle half-€18,893within the sector's middle half€22,026within the sector's middle half▲ 16.6%€23,319within the sector's middle half▲ 5.9%-€506,518below the sector's middle half
Solvency-18.2%below the sector's middle half-18.6%within the sector's middle half▲ 36.8pp6.4%below the sector's middle half▼ 12.2pp2.8%below the sector's middle half▼ 3.7pp-50.4%below the sector's middle half▼ 53.2pp
Current ratio0.73below the sector's middle half-1.17within the sector's middle half▲ 0.441.06within the sector's middle half▼ 0.121.03within the sector's middle half▼ 0.030.66below the sector's middle half▼ 0.36
Return on assets (ROA)-18.3%below the sector's middle half-27.4%above the sector's middle half▲ 45.7pp0.4%within the sector's middle half▼ 27.1pp-0.1%below the sector's middle half▼ 0.5pp-52.9%below the sector's middle half▼ 52.8pp
Staff (FTE)4.6above the sector's middle half-4.1within the sector's middle half▼ 10.9%3▼ 26.8%4.4▲ 46.7%5.4within the sector's middle half▲ 22.7%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -44,001% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €530,535 after €6,465 in 2023, the lowest result in the available series.
Key figures and ratios
EBITDA
-€529,273▼
2023 · €8,988
Cash flow
-€530,587▼
2023 · €1,318
Debt to equity
-2.98▼
2023 · 35.26
Interest coverage
-402.99▼
2023 · 11.37
Debt ≤ 1 year
€1.5m▲
2023 · €893,078
Income taxes
€0▼
2023 · €6,880
Staff costs
€371,460▲
2023 · €293,476
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €254,849 | €185,668 | €293,476 | €371,460 | ▲ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,786 | €2,524 | €2,524 | €2,524 | €1,262 | ▼ 50.0% |
| Other operating charges640/8 | - | €25,697 | €52,901 | €70,075 | €482,513 | ▲ 589% |
| Gross operating margin9900 | €86,720 | €331,052 | €249,826 | €372,539 | €324,700 | ▼ 12.8% |
| Operating profit (loss)9901 | -€11,773 | €47,982 | €8,733 | €6,465 | -€530,535 | ▼ 8,307% |
| Financial charges65/66B | - | €64 | €334 | €791 | €1,313 | ▲ 66.1% |
| Recurring financial charges65 | €84 | €64 | €334 | €791 | €1,313 | ▲ 66.1% |
| Profit (loss) for the period before taxes9903 | -€11,857 | €47,919 | €8,399 | €5,674 | -€531,849 | ▼ 9,474% |
| Income taxes67/77 | - | €11,219 | €6,804 | €6,880 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€11,857 | €36,699 | €1,594 | -€1,206 | -€531,849 | ▼ 44,001% |
| Profit (loss) for the period to be appropriated9905 | -€11,857 | €36,699 | €1,594 | -€1,206 | -€531,849 | ▼ 44,001% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,759 | €133,760 | €413,268 | €918,409 | €1.0m | ▲ 9.4% |
| Fixed assets21/28 | €8,833 | €6,759 | €4,536 | €2,012 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €8,833 | €6,309 | €3,786 | €1,262 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €6,309 | €3,786 | €1,262 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €450 | €750 | €750 | - | - |
| Current assets29/58 | €55,926 | €127,001 | €408,732 | €916,397 | €1.0m | ▲ 9.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €17,495 | - |
| Trade receivables290 | - | - | - | - | €17,495 | - |
| Amounts receivable within one year40/41 | €42,945 | €120,435 | €397,632 | €908,681 | €985,477 | ▲ 8.5% |
| Trade receivables40 | - | €43,863 | €335,165 | €846,344 | €923,814 | ▲ 9.2% |
| Other amounts receivable41 | - | €76,572 | €62,467 | €62,337 | €61,662 | ▼ 1.1% |
| Cash at bank and in hand54/58 | €11,410 | €1,720 | €7,728 | €7,615 | €1,788 | ▼ 76.5% |
| Deferred charges and accrued income490/1 | - | €4,846 | €3,373 | €101 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,759 | €133,760 | €413,268 | €918,409 | €1.0m | ▲ 9.4% |
| Equity10/15 | -€11,757 | €24,942 | €26,537 | €25,331 | -€506,518 | ▼ 2,100% |
| Contributions10/11 | - | €100 | €100 | €100 | €100 | = |
| Reserves13 | - | - | €26,437 | €25,231 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €26,437 | €25,231 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€11,857 | €24,842 | €0 | - | -€506,618 | - |
| Amounts payable17/49 | €76,516 | €108,818 | €386,731 | €893,078 | €1.5m | ▲ 69.2% |
| Amounts payable within one year42/48 | €76,516 | €108,108 | €386,707 | €893,078 | €1.5m | ▲ 69.2% |
| Trade debts44 | €60,874 | €57,997 | €182,749 | €218,932 | €761,258 | ▲ 248% |
| Suppliers440/4 | - | €57,997 | €182,749 | €218,932 | €761,258 | ▲ 248% |
| Taxes, remuneration and social security45 | - | €45,111 | €21,091 | €36,009 | €24,020 | ▼ 33.3% |
| Taxes450/3 | - | €17,260 | €7,152 | €2,767 | €2,342 | ▼ 15.4% |
| Remuneration and social security454/9 | - | €27,851 | €13,939 | €33,242 | €21,678 | ▼ 34.8% |
| Other amounts payable47/48 | - | €5,000 | €182,867 | €638,138 | €726,000 | ▲ 13.8% |
| Accrued charges and deferred income492/3 | - | €710 | €24 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,857 | €36,699 | €1,594 | -€1,206 | -€531,849 | ▼ 44,001% |
| + Depreciation and write-downs630 | €3,786 | €2,524 | €2,524 | €2,524 | €1,262 | ▼ 50.0% |
| Operating cash flow (approximation) | -€8,071 | €39,223 | €4,118 | €1,318 | -€530,587 | ▼ 40,365% |
| Investment in fixed assets (approximation) | - | -€450 | -€300 | €0 | €750 | - |
| Change in cash | - | -€9,691 | €6,009 | -€113 | -€5,828 | ▼ 5,069% |
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
01-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 25-11-2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 47 days late
2024
31-12
Financial
Weakest financial yearnet -€531,849
Net result drops to -€531,849, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €36,699
Net result €36,699 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 2019
Ground area
8,366 m²
Building footprint
977 m²
Volume, LiDAR
4,046 m³
Parcel 13374E0759/00G000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
LSL Logistics
since 20192.292.328.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13374E0759/00G000 | Flanders | 8,366 m² | 1 · 977 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | TOM VANDECRUYS ROZENDAAL 78, 2440 GEEL- |
25-11-2025 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 745 EUR awarded · 745 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 47 EUR | 356 EUR |
| 2022 | 1 | 698 EUR | 389 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeel2.292.328.447
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Of 24,518 companies in sector 82990 we hold annual accounts for 9,421. 6,159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
82100Office administrative and support services
96999Other personal services
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.