MNA Logistics
ActiveSummary
The computed 12-month bankruptcy probability of MNA Logistics is 3.4% (moderate). The 2025 annual accounts show equity of €12k and a net result of €785. Its solvency ranks better than 87% of 4654 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
Axes · tick = 2024
Profitability50▼-50
Solvency100=
Growth52
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 5.26 against 4.05 in 2024; short-term debt: 19% and cash: 99% of total assets), and 19% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
81%
Return on assets
5.2%
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 25-04-2026, 5 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
5 d early
2024
47 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▲ 6.8%
2024 · €12k
2024: €12k
2025: €12k▲ +6.8% vs 2024
2024 → 2025
Total assets
€15k▼ 0.7%
2024 · €15k
2024: €15k
2025: €15k▼ -0.7% vs 2024
2024 → 2025
Net result
€785▼ 93.2%
2024 · €12k
2024: €12k
2025: €785▼ -93.2% vs 2024
2024 → 2025
Working capital
€12k▲ 6.8%
2024 · €12k
2024: €12k
2025: €12k▲ +6.8% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€12k-€12k▲ 6.8%
2024: €12k
2025: €12k▲ +6.8% vs 2024
Operating result€12k-€956▼ 91.9%
2024: €12k
2025: €956▼ -91.9% vs 2024
Net result€12k-€785▼ 93.2%
2024: €12k
2025: €785▼ -93.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €15k
Equity
€12k ▲ 6.8%
Debt
€3k ▼ 23.5%
Debt's share of the balance-sheet total falls from 24.7% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
5.26▲
2024 · 4.05
Debt to equity
0.23▼
2024 · 0.33
ROE
6.4%▼
2024 · 100.0%
ROA
5.2%▼
2024 · 75.3%
Debt ≤ 1 year
€3k▼
2024 · €4k
Staff costs
€16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15k€15k▼
Current assets29/58€15k€15k▼
Amounts receivable within one year40/41€49€145▲
Trade receivables40-€145
Other amounts receivable41€49-
Cash at bank and in hand54/58€15k€15k▼
Equity and liabilities
Total equity and liabilities10/49€15k€15k▼
Equity10/15€12k€12k▲
Contributions10/11€0€5k▲
Profit (loss) carried forward14€12k€7k▼
Amounts payable17/49€4k€3k▼
Amounts payable within one year42/48€4k€3k▼
Trade debts44€2k€0▼
Suppliers440/4€2k€0▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€16k
Other operating charges640/8-€796
Gross operating margin9900€12k€18k▲
Operating profit (loss)9901€12k€956▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€211€172▼
Recurring financial charges65€211€172▼
Profit (loss) for the period before taxes9903€12k€785▼
Profit (loss) for the period9904€12k€785▼
Profit (loss) for the period to be appropriated9905€12k€785▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€7k▼
Profit (loss) brought forward from the previous period14P-€7k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16k | - |
| Other operating charges640/8 | - | €796 | - |
| Gross operating margin9900 | €12k | €18k | ▲ 55.0% |
| Operating profit (loss)9901 | €12k | €956 | ▼ 91.9% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | €211 | €172 | ▼ 18.6% |
| Recurring financial charges65 | €211 | €172 | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €12k | €785 | ▼ 93.2% |
| Profit (loss) for the period9904 | €12k | €785 | ▼ 93.2% |
| Profit (loss) for the period to be appropriated9905 | €12k | €785 | ▼ 93.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €15k | €15k | ▼ 0.7% |
| Current assets29/58 | €15k | €15k | ▼ 0.7% |
| Amounts receivable within one year40/41 | €49 | €145 | ▲ 198% |
| Trade receivables40 | - | €145 | - |
| Other amounts receivable41 | €49 | - | - |
| Cash at bank and in hand54/58 | €15k | €15k | ▼ 1.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €15k | €15k | ▼ 0.7% |
| Equity10/15 | €12k | €12k | ▲ 6.8% |
| Contributions10/11 | €0 | €5k | - |
| Profit (loss) carried forward14 | €12k | €7k | ▼ 36.5% |
| Amounts payable17/49 | €4k | €3k | ▼ 23.5% |
| Amounts payable within one year42/48 | €4k | €3k | ▼ 23.5% |
| Trade debts44 | €2k | €0 | ▼ 100% |
| Suppliers440/4 | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €2k | €3k | ▲ 44.5% |
| Taxes450/3 | €2k | €3k | ▲ 44.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €785 | ▼ 93.2% |
| Operating cash flow (approximation) | €12k | €785 | ▼ 93.2% |
| Change in cash | - | €-199 | - |
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
Next filing, fiscal year 2026, expected by
2026
25-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
23-03
State Gazette act
Resignation: Mustafa Al-Azzawi (director)Appointment: Alman Idrisov (non-statutory director) · Share transfer · Registered-office move5 facts ▸
State Gazette act
Resignation: Mustafa Al-Azzawi (director)
Appointment: Alman Idrisov (non-statutory director) · Share transfer · Registered-office move5 facts ▸
- General meeting, 11/02/2026
- Share transfer, Mustafa Al-Azzawi → Alman Idrisov
- Director resignation, Mustafa Al-Azzawi (director)
- Director appointment, Alman Idrisov (non-statutory director)
- Registered-office move, 8760 Meulebeke Vanderheerenlaan 13
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
State Gazette actNBB filing
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Alman Idrisov
CurrentNon-statutory director · since 01-01-2026
01-01-2026
Alman Idrisov: Appointed as Non-statutory director
01-01-2026
Mustafa Al-Azzawi: Resigned as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2023
Ground area
1,409 m²
Parcel 37322B0579/00C002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MNA Logistics
since 20232.352.251.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322B0579/00C002 | Flanders | 1,409 m² | - | - |
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.
Structure & network
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 23-03-2026 ↗
- Mustafa Al-Azzawi to Alman Idrisov 100 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 4,223 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
Founded07-09-2023
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
Scores and ratios are computed by Checked and are not a credit decision.