M-LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of M-LOGISTICS is 2.9% (moderate). For M-LOGISTICS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €9,442 and a net result of -€1,113. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 6114 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability26▼-17
Solvency65▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
39.7%
Return on assets
-4.7%
Age of the figures
33 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-09-2024, 58 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
not filed
2023
58 d late
2022
31 d late
2021
61 d late
2020
9 d early
2019
35 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 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€9,442▼ 10.5%
2022 · €10,556
Total assets
€23,806▼ 1.5%
2022 · €24,177
Net result
-€1,113
2022 · €563
Working capital
€9,442▼ 10.5%
2022 · €10,556
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20192020202120222023
Operating result-€802--€571▲ 28.8%-€762▼ 33.6%€663-€1,028
Net result-€874--€571within the sector's middle half▲ 34.7%-€762below the sector's middle half▼ 33.6%€563within the sector's middle half-€1,113within the sector's middle half
Equity€11,326-€10,755within the sector's middle half▼ 5.0%€9,992below the sector's middle half▼ 7.1%€10,556within the sector's middle half▲ 5.6%€9,442within the sector's middle half▼ 10.5%
Total assets€11,326-€10,869below the sector's middle half▼ 4.0%€10,474below the sector's middle half▼ 3.6%€24,177below the sector's middle half▲ 131%€23,806below the sector's middle half▼ 1.5%
Debt€114€482▲ 322%€13,622▲ 2,726%€14,363▲ 5.4%
Working capital€10,755within the sector's middle half€9,992within the sector's middle half▼ 7.1%€10,556within the sector's middle half▲ 5.6%€9,442within the sector's middle half▼ 10.5%
Solvency100.0%-98.9%above the sector's middle half▼ 1.1pp95.4%above the sector's middle half▼ 3.6pp43.7%within the sector's middle half▼ 51.7pp39.7%within the sector's middle half▼ 4.0pp
Current ratio95.05above the sector's middle half21.73above the sector's middle half▼ 73.321.77within the sector's middle half▼ 19.951.66within the sector's middle half▼ 0.12
Return on assets (ROA)-7.7%--5.3%below the sector's middle half▲ 2.5pp-7.3%below the sector's middle half▼ 2.0pp2.3%within the sector's middle half▲ 9.6pp-4.7%below the sector's middle half▼ 7.0pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €1,028 after €663 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €23,806
Equity
€9,442 ▼ 10.5%
Debt
€14,363 ▲ 5.4%
Debt's share of the balance-sheet total rises from 56.3% to 60.3%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.52▲
2022 · 1.29
ROE
-11.8%▼
2022 · 5.3%
Debt ≤ 1 year
€14,363▲
2022 · €13,622
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €459 | €58 | €499 | ▲ 761% |
| Gross operating margin9900 | - | -€114 | -€304 | €721 | -€529 | ▼ 173% |
| Operating profit (loss)9901 | -€802 | -€571 | -€762 | €663 | -€1,028 | ▼ 255% |
| Financial charges65/66B | - | - | - | €100 | €85 | ▼ 14.7% |
| Recurring financial charges65 | €72 | - | - | €100 | €85 | ▼ 14.7% |
| Profit (loss) for the period before taxes9903 | -€874 | -€571 | -€762 | €563 | -€1,113 | ▼ 298% |
| Profit (loss) for the period9904 | -€874 | -€571 | -€762 | €563 | -€1,113 | ▼ 298% |
| Profit (loss) for the period to be appropriated9905 | -€874 | -€571 | -€762 | €563 | -€1,113 | ▼ 298% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,326 | €10,869 | €10,474 | €24,177 | €23,806 | ▼ 1.5% |
| Current assets29/58 | €11,326 | €10,869 | €10,474 | €24,177 | €23,806 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €11,275 | €10,819 | €10,424 | €23,949 | €23,786 | ▼ 0.7% |
| Other amounts receivable41 | - | - | €10,424 | €23,949 | €23,786 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €51 | €51 | €51 | €228 | €19 | ▼ 91.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,326 | €10,869 | €10,474 | €24,177 | €23,806 | ▼ 1.5% |
| Equity10/15 | €11,326 | €10,755 | €9,992 | €10,556 | €9,442 | ▼ 10.5% |
| Contributions10/11 | €12,200 | - | €12,200 | €12,200 | €12,200 | = |
| Profit (loss) carried forward14 | -€874 | -€1,445 | -€2,208 | -€1,644 | -€2,758 | ▼ 67.7% |
| Amounts payable17/49 | - | €114 | €482 | €13,622 | €14,363 | ▲ 5.4% |
| Amounts payable within one year42/48 | - | €114 | €482 | €13,622 | €14,363 | ▲ 5.4% |
| Financial debts43 | - | - | - | - | €26 | - |
| Credit institutions430/8 | - | - | - | - | €26 | - |
| Trade debts44 | - | €114 | €482 | €13,054 | €13,769 | ▲ 5.5% |
| Suppliers440/4 | - | - | €482 | €13,054 | €13,769 | ▲ 5.5% |
| Taxes, remuneration and social security45 | - | - | - | €568 | €568 | = |
| Taxes450/3 | - | - | - | €568 | €568 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€874 | -€571 | -€762 | €563 | -€1,113 | ▼ 298% |
| Operating cash flow (approximation) | -€874 | -€571 | -€762 | €563 | -€1,113 | ▼ 298% |
| Change in cash | - | €0 | €0 | €178 | -€209 | ▼ 218% |
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
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet -€1,113
Net result drops to -€1,113, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €563
Net result €563 after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Staden · 1 establishment unit since 2018
Ground area
512 m²
Building footprint
151 m²
Volume, LiDAR
424 m³
Parcel 36020C0779/00W000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Poelkapellestraat(WRB) 46 b, 8840 Staden
since 20182.277.266.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36020C0779/00W000 | Flanders | 512 m² | 1 · 151 m² | 8.0 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.
Similar companies · same sector, comparable size
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 3,786 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
Founded29-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
47210Retail sale of fruit and vegetables
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.