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ND Logistics

Active
Private limited companyfounded 20224 yrs activeHaasdonksesteenweg 31, 9140 Temse, BelgiumKBO/BCE: BE 0782.830.679
Summary

The computed 12-month bankruptcy probability of ND Logistics is 2.6% (moderate). The 2024 annual accounts show equity of €24,117 and a net result of €12,526. Equity is growing by ~80.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 1307 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability67▲+10
Solvency47▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.17 in 2023; short-term debt: 77.5% and cash: 0.7% of total assets), and 77.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2024
Solvency, return and age of the figures
Solvency
22.5%
Return on assets
11.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
1 d early
2023
27 d late
2022
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 March 2022, ND Logistics was incorporated as a Private limited company.1 Total assets went from EUR 50,032 in 2022 to EUR 107,371 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€24,117▲ 108%
2023 · €11,592
Total assets
€107,371▲ 36.3%
2023 · €78,785
Net result
€12,526▲ 107%
2023 · €6,060
Working capital
€24,117▲ 108%
2023 · €11,592
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
Line202220232024
Operating result€6,227-€8,448▲ 35.7%€17,228▲ 104%
Net result€4,532within the sector's middle half-€6,060within the sector's middle half▲ 33.7%€12,526within the sector's middle half▲ 107%
Equity€5,532below the sector's middle half-€11,592below the sector's middle half▲ 110%€24,117within the sector's middle half▲ 108%
Total assets€50,032below the sector's middle half-€78,785within the sector's middle half▲ 57.5%€107,371within the sector's middle half▲ 36.3%
Debt€44,499-€67,193▲ 51.0%€83,254▲ 23.9%
Working capital€5,532-€11,592▲ 110%€24,117▲ 108%
Solvency11.1%below the sector's middle half-14.7%within the sector's middle half▲ 3.7pp22.5%within the sector's middle half▲ 7.7pp
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
€0€5,000€10,000€15,000Operating result 2022: €6,227€6,227Net result 2022: €4,532€4,532Operating result 2023: €8,448€8,448Net result 2023: €6,060€6,060Operating result 2024: €17,228€17,228Net result 2024: €12,526€12,526202220232024€0€5,000€10,000€15,000Operating result 2022: €6,227€6,230Net result 2022: €4,532€4,530Operating result 2023: €8,448€8,450Net result 2023: €6,060€6,060Operating result 2024: €17,228€17,200Net result 2024: €12,526€12,500202220232024
The operating result has risen two years in a row; 2024 is 104% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €107,371
Equity €24,117 ▲ 108%
Debt €83,254 ▲ 23.9%
Debt's share of the balance-sheet total falls from 85.3% to 77.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.29▲
2023 · 1.17
Debt to equity
3.45▼
2023 · 5.80
ROE
51.9%▼
2023 · 52.3%
ROA
11.7%▲
2023 · 7.7%
Debt ≤ 1 year
€83,254▲
2023 · €67,193
Income taxes
€4,620▲
2023 · €2,340
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€78,785€107,371▲
Current assets29/58€78,785€107,371▲
Amounts receivable within one year40/41€78,147€106,589▲
Trade receivables40€54,647€98,029▲
Other amounts receivable41€23,500€8,560▼
Cash at bank and in hand54/58€638€782▲
Equity and liabilities
Total equity and liabilities10/49€78,785€107,371▲
Equity10/15€11,592€24,117▲
Contributions10/11€1,000€1,000=
Reserves13€10,500€22,500▲
Distributable reserves133€10,500€22,500▲
Profit (loss) carried forward14€92€617▲
Amounts payable17/49€67,193€83,254▲
Amounts payable within one year42/48€67,193€83,254▲
Trade debts44€14,033€27,615▲
Suppliers440/4€14,033€27,615▲
Taxes, remuneration and social security45€8,160€9,364▲
Taxes450/3€8,160€9,364▲
Other amounts payable47/48€45,000€46,275▲
Income statement Code20232024
Other operating charges640/8€748€530▼
Gross operating margin9900€9,196€17,758▲
Operating profit (loss)9901€8,448€17,228▲
Financial income75/76B€20-
Recurring financial income75€20-
Financial charges65/66B€69€82▲
Recurring financial charges65€69€82▲
Profit (loss) for the period before taxes9903€8,400€17,146▲
Income taxes67/77€2,340€4,620▲
Profit (loss) for the period9904€6,060€12,526▲
Profit (loss) for the period to be appropriated9905€6,060€12,526▲
Appropriation of the result
Profit (loss) to be appropriated9906€6,092€12,617▲
Profit (loss) brought forward from the previous period14P€32€92▲
Transfer to equity691/2€6,000€12,000▲
To other reserves6921€6,000€12,000▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Other operating charges640/8€771€748€530▼ 29.2%
Gross operating margin9900€6,998€9,196€17,758▲ 93.1%
Operating profit (loss)9901€6,227€8,448€17,228▲ 104%
Financial income75/76B€0€20--
Recurring financial income75€0€20--
Financial charges65/66B-€69€82▲ 19.4%
Recurring financial charges65-€69€82▲ 19.4%
Profit (loss) for the period before taxes9903€6,228€8,400€17,146▲ 104%
Income taxes67/77€1,696€2,340€4,620▲ 97.4%
Profit (loss) for the period9904€4,532€6,060€12,526▲ 107%
Profit (loss) for the period to be appropriated9905€4,532€6,060€12,526▲ 107%
Line202220232024Change
Assets
Total assets20/58€50,032€78,785€107,371▲ 36.3%
Current assets29/58€50,032€78,785€107,371▲ 36.3%
Amounts receivable within one year40/41€48,505€78,147€106,589▲ 36.4%
Trade receivables40€48,035€54,647€98,029▲ 79.4%
Other amounts receivable41€470€23,500€8,560▼ 63.6%
Cash at bank and in hand54/58€1,527€638€782▲ 22.7%
Equity and liabilities
Total equity and liabilities10/49€50,032€78,785€107,371▲ 36.3%
Equity10/15€5,532€11,592€24,117▲ 108%
Contributions10/11€1,000€1,000€1,000=
Reserves13€4,500€10,500€22,500▲ 114%
Distributable reserves133€4,500€10,500€22,500▲ 114%
Profit (loss) carried forward14€32€92€617▲ 573%
Amounts payable17/49€44,499€67,193€83,254▲ 23.9%
Amounts payable within one year42/48€44,499€67,193€83,254▲ 23.9%
Trade debts44€2,744€14,033€27,615▲ 96.8%
Suppliers440/4€2,744€14,033€27,615▲ 96.8%
Taxes, remuneration and social security45€1,756€8,160€9,364▲ 14.8%
Taxes450/3€1,756€8,160€9,364▲ 14.8%
Other amounts payable47/48€40,000€45,000€46,275▲ 2.8%
Line202220232024Change
Profit (loss) for the period9904€4,532€6,060€12,526▲ 107%
Operating cash flow (approximation)€4,532€6,060€12,526▲ 107%
Change in cash--€889€145▲ 116%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2022net €12,526 ▲107%
Operating result €17,228, net result €12,526, both a record.
27-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Temse · 1 establishment unit since 2022
seat establishment approximate The establishment unit on the map
Ground area
374 m²
Parcel 46025A0429/00B003, Flanders. Linked by address, not a title deed.
1 establishment unit
ND Logistics
Haasdonksesteenweg 31, 9140 TemseWarehousing and storage
since 20222.329.396.996
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46025A0429/00B003 Flanders 374 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.

Similar companies · same sector, comparable size

Of 3,187 companies in sector 52250 we hold annual accounts for 1,956. 916 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
Founded03-03-2022
Fiscal year end31-12
Abbreviation NL NDL
Activities, NACEBEL 2025
52250Logistics services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0782830679
Also 9925:BE0782830679
Registered 04-04-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.