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MLZ TRANSPORTS

Active
Private limited companyfounded 2018active for 8 yearsFond des Rys(GY) 15, 6181 Courcelles, BelgiumKBO/BCE: BE 0697.820.869
Summary

The computed 12-month bankruptcy probability of MLZ TRANSPORTS is 4.1% (elevated). The 2025 annual accounts show equity of €425,061 and a net result of €7,811. Equity is growing by about 58% per year across the filed financial years. Its solvency ranks better than 20% of 2,324 sector peers (NACE 49, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Freight transport by road
NACE 49410
4th largest company by total assets in Courcelles, Transport and storage sector2 sites
Size
€3.1mtotal assets 2025
Staff
17.9 FTE
Equity
€425,061
Profit
€7,811
Financial health
47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.1%
Structure
Accounts filed 61 days late1 of 5 deeds read
Why 47raises riskLatest accounts 61 days late; 2 of the last 3 lateLiquidity: current ratio 0.87, cash €38,659Sector: Land transport and transport via pipelines (NACE 49)Equity €425,061 (13.6% of total assets)Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 23% of its sector peers (NACE 49, small)
Financial strength · tick = 2024
Weak
Solvency 39-6
equity 13.6% of total assets
Liquidity 31-4
short-term debt 42.4% · cash 1.2%
Profitability 69-5
return on assets 0.3%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,181 companies, NACE 49, small)
Last 24 months 11-2024: 1.3%lowest value 12-2024: 1.3%● unchanged vs 11-2024lowest value 01-2025: 1.3%● unchanged vs 12-2024lowest value 02-2025: 1.3%● unchanged vs 01-2025lowest value 03-2025: 1.3%● unchanged vs 02-2025lowest value 04-2025: 1.4%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%▲ +0.1 percentage points vs 04-2025 06-2025: 1.9%▲ +0.4 percentage points vs 05-2025 07-2025: 2.2%▲ +0.3 percentage points vs 06-2025 08-2025: 2.9%▲ +0.7 percentage points vs 07-2025 09-2025: 3.1%▲ +0.2 percentage points vs 08-2025 10-2025: 3.1%● unchanged vs 09-2025 11-2025: 3.1%● unchanged vs 10-2025 12-2025: 3.1%● unchanged vs 11-2025 01-2026: 3.1%● unchanged vs 12-2025 02-2026: 2.8%▼ -0.3 percentage points vs 01-2026 03-2026: 2.7%▼ -0.1 percentage points vs 02-2026 04-2026: 2.7%● unchanged vs 03-2026 05-2026: 2.7%● unchanged vs 04-2026 06-2026: 2.8%▲ +0.1 percentage points vs 05-2026 07-2026: 3.2%▲ +0.4 percentage points vs 06-2026 08-2026: 3.2%● unchanged vs 07-2026 09-2026: 3.6%▲ +0.4 percentage points vs 08-2026 10-2026: 4.1%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €19,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity insufficient (current ratio 0.87, compared with 0.99 in 2024, below 1; short-term debt: 42.4% and cash: 1.2% of total assets), and 86.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small): better than 16% on solvency, 24% on liquidity, 35% on profitability and 15% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Latest accounts 61 days late; 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 0.87, cash €38,659
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Equity €425,061 (13.6% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2324 sector peers (2025).
NBB · sector comparison
Position among 2324 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
61 days late
2024
31 days late
2023
29 days late
2022
66 days early
2021
18 days late
2020
27 days late
2019
49 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Resignation: DELBRUYERE Damien (director)Share transfer

Key points

  • Caution: Result fell in 2025from €102,690 to €7,811 ▼ 92.4% View
  • Caution: Among the weakest 20% on solvencysector median 39.1% · 2,324 companies 13.6% View
  • Caution: Latest accounts filed lateafter the legal deadline 61 days View
  • Positive: 8 profitable years in a rowprofit 2025: €7,811 8 years View

By topic

Financials

Financial year
2025
Total assets
€3.1m
Profit
€7,811
Solvency
13.6%
Total assets▲ 34.5%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2019
Next accounts
by 31-07-2027
  1. 29-08-2024Annual accounts filed
  2. 31-12-2023Highest result from 2018 to 2025
  3. 31-12-2023Equity above €200,000
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
12-06-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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