MB LOGISTIC
ActiveThe computed 12-month bankruptcy probability of MB LOGISTIC is 3.2% (moderate). The 2025 annual accounts show equity of €92k and a net result of €65k. Equity is growing by ~170.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 4575 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency75▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.89 in 2024; short-term debt: 50.4% and cash: 0% of total assets), but 50.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.6%
Return on assets
35.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€92k▲ 241%
2024 · €27k
2023: €178
2024: €27k
2023 → 2025
Total assets
€184k▲ 158%
2024 · €71k
2023: €13k
2024: €71k
2023 → 2025
Net result
€65k▲ 142%
2024 · €27k
2023: €-822
2024: €27k
2023 → 2025
Working capital
€49k▲ 95.4%
2024 · €25k
2023: €-9k
2024: €25k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€178-€27k▲ 14,997%€92k▲ 241%
Operating result€-799-€34k€81k▲ 142%
Net result€-822-€27k€65k▲ 142%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 142% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184k
Fixed assets
€43k▲ 131%
Current assets
€142k▲ 168%
Equity and liabilities €184k
Equity
€92k▲ 241%
Debt
€93k▲ 108%
The debt ratio falls from 62.4% to 50.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86k▲
2024 · €36k
Cash flow
€70k▲
2024 · €29k
Solvency
49.6%▲
2024 · 37.6%
Current ratio
1.52▼
2024 · 1.89
Quick ratio
1.52▼
2024 · 1.89
Debt / equity
1.02▼
2024 · 1.66
ROE
70.7%▼
2024 · 99.3%
ROA
35.1%▼
2024 · 37.3%
Interest coverage
364.24▲
2024 · 209.22
Debt
€93k▲
2024 · €45k
Debt ≤ 1 year
€93k▲
2024 · €28k
Income taxes
€16k▲
2024 · €7k
Staff costs
€70k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€71k€184k▲
Fixed assets21/28€19k€43k▲
Tangible fixed assets22/27€10k€29k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€8k€27k▲
Financial fixed assets28€9k€14k▲
Current assets29/58€53k€142k▲
Amounts receivable after more than one year29-€90k
Trade receivables290-€90k
Amounts receivable within one year40/41€52k€51k▼
Trade receivables40€22k€51k▲
Other amounts receivable41€30k-
Cash at bank and in hand54/58€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€71k€184k▲
Equity10/15€27k€92k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€26k€91k▲
Amounts payable17/49€45k€93k▲
Amounts payable within one year42/48€28k€93k▲
Trade debts44€9k€12k▲
Suppliers440/4€9k€12k▲
Taxes, remuneration and social security45€19k€79k▲
Taxes450/3€13k€47k▲
Remuneration and social security454/9€7k€32k▲
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€17k-
Income statement
Code20242025
Remuneration, social security and pensions62€12k€70k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€409€222▼
Gross operating margin9900€48k€156k▲
Operating profit (loss)9901€34k€81k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€170€237▲
Recurring financial charges65€170€237▲
Profit (loss) for the period before taxes9903€33k€81k▲
Income taxes67/77€7k€16k▲
Profit (loss) for the period9904€27k€65k▲
Profit (loss) for the period to be appropriated9905€27k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€91k▲
Profit (loss) brought forward from the previous period14P€-822€26k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
State Gazette act
General meeting · Registered-office moveGeneral meeting · Registered-office move · Statutes amendment3 facts ▸
State Gazette act
General meeting · Registered-office move
General meeting · Registered-office move · Statutes amendment3 facts ▸
- General meeting, 2026-08-28
- Registered-office move, rue des Guillemins 139, 4000 Luik
- Statutes amendment
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2023net €65k ▲142%
Operating result €81k, net result €65k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.89
Current ratio from 0.33 to 1.89.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Guillemins 1394000 LiègeGround area
6,920 m²
Building footprint
453 m²
Volume, LiDAR
10,685 m³
2 parcels, Flanders, Wallonia · tallest building 26.2 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
MB LOGISTIC
since 20232.343.161.395
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0393/00V002 | Wallonia | 4,768 m² | - | - |
| 71328D0365/00D000 | Flanders | 2,152 m² | 1 · 453 m² | 26.2 m · 8 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
MEG-Transport
BE 0766.350.280
Sint-Agatha-Berchem · Eq €92k
LAL
BE 0781.937.685
Halle · Eq €92k
SAMI TRANS
BE 0720.516.889
Evere · Eq €91k
ALNATRANS
BE 0462.501.839
Lokeren · Eq €92k
XL - Xavier Logistics
BE 0884.912.687
Zonnebeke · Eq €91k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2023
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
52210Service activities incidental to land transportation
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:magomed.bogatirev@gmail.com
Phone:0489 09 56 76