MGRA Logitrans
ActiveMGRA Logitrans has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €25k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 4488 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+1
Solvency41▼-22
Growth50▼-13
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.72 in 2024; short-term debt: 48.5% and cash: 1% of total assets), and 84.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
15.8%
Return on assets
5.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-03-2026, 33 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
33 d early
2024
on the day
2023
34 d early
2022
2 d late
2021
30 d early
2020
321 d late
2019
146 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€289k▲ 0.1%
2018 · €288k
2018: €288k
2018 → 2019
EBIT margin
2.0%▼ 2.9pp
2018 · 4.9%
2018: 4.9%
2018 → 2019
Net result
€25k▲ 9.0%
2024 · €23k
2018: €9k
2019: €7k
2020: €2k
2021: €-16k
2022: €48k
2023: €19k
2024: €23k
2018 → 2025
Working capital
€2k▼ 98.0%
2024 · €86k
2018: €29k
2019: €25k
2020: €34k
2021: €-1k
2022: €61k
2023: €60k
2024: €86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€83k-€131k▲ 58.0%€150k▲ 14.5%€173k▲ 15.5%€70k▼ 59.4%
Operating result€-11k-€63k€32k▼ 49.2%€41k▲ 29.6%€48k▲ 15.8%
Net result€-16k-€48k€19k▼ 60.6%€23k▲ 22.7%€25k▲ 9.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446k
Fixed assets
€228k▼ 8.0%
Current assets
€218k▲ 6.2%
Equity and liabilities €446k
Equity
€70k▼ 59.4%
Debt
€376k▲ 34.2%
The debt ratio rises from 61.8% to 84.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€87k▲
2024 · €78k
Cash flow
€64k▲
2024 · €60k
Solvency
15.8%▼
2024 · 38.2%
Current ratio
1.01▼
2024 · 1.72
Quick ratio
1.01▼
2024 · 1.72
Debt / equity
5.33▲
2024 · 1.62
ROE
36.0%▲
2024 · 13.4%
ROA
5.7%▲
2024 · 5.1%
Interest coverage
12.42▼
2024 · 19.37
Debt
€376k▲
2024 · €280k
Debt ≤ 1 year
€216k▲
2024 · €119k
Debt > 1 year
€159k▼
2024 · €161k
Income taxes
€16k▲
2024 · €14k
Staff costs
€94k▼
2024 · €131k
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€453k€446k▼
Fixed assets21/28€248k€228k▼
Tangible fixed assets22/27€248k€228k▼
Land and buildings22€174k€163k▼
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€23k€24k▲
Other tangible fixed assets26€36k€31k▼
Current assets29/58€205k€218k▲
Amounts receivable within one year40/41€201k€213k▲
Trade receivables40€198k€212k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€453k€446k▼
Equity10/15€173k€70k▼
Contributions10/11€81k€810▼
Reserves13€70k€47k▼
Distributable reserves133€70k€47k▼
Profit (loss) carried forward14€22k€23k▲
Amounts payable17/49€280k€376k▲
Amounts payable after more than one year17€161k€159k▼
Financial debts170/4€161k€159k▼
Amounts payable within one year42/48€119k€216k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€51k€47k▼
Suppliers440/4€51k€47k▼
Taxes, remuneration and social security45€30k€37k▲
Taxes450/3€10k€19k▲
Remuneration and social security454/9€19k€18k▼
Other amounts payable47/48€17k€85k▲
Income statement
Code20242025
Remuneration, social security and pensions62€131k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€39k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€211k€182k▼
Operating profit (loss)9901€41k€48k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€37k€41k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€23k€25k▲
Profit (loss) for the period to be appropriated9905€23k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€48k▲
Profit (loss) brought forward from the previous period14P€21k€22k▲
Transfer from equity791/2-€48k
Transfer to equity691/2€22k€25k▲
To other reserves6921€22k€25k▲
Profit to be distributed694/7-€48k
Return on contributions (dividend)694-€48k
The notes to these accounts (10 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
28-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €150k ▲14.5%
2 profitable years in a row build equity to €150k.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
30-09
Financial
Equity above €100kEq €131k ▲58%
Equity rises from €83k to €131k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 321 days late
2021
30-09
Financial
Weakest financial yearnet €-16k ▼970%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 146 days late
2019
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Boechout · 1 establishment unit since 2017
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.
Vinkenstraat 1092530 BoechoutGround area
1,422 m²
Building footprint
190 m²
Parcel 11004C0433/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
MGRA Logitrans
since 20172.263.133.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004C0433/00M000 | Flanders | 1,422 m² | 1 · 190 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoechout2.263.133.130
Similar companies · same sector, comparable size
DANTAX
BE 0429.002.393
Elsene · Eq €70k
TAXI FREDDY
BE 0474.502.026
Beveren-Kruibeke-Zwijndrecht · Eq €70k
GOOD FIRST
BE 0793.539.083
Wezembeek-Oppem · Eq €71k
M-G SERVICES
BE 0690.966.731
Anderlecht · Eq €71k
TAXI-CENTRE
BE 0880.197.103
La Louvière · Eq €70k
Of 6,687 companies in sector 49330 we hold annual accounts for 2,286. 1,764 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2017
Fiscal year end30-09
Activities, NACEBEL
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.