Financials
- Financial year
- 2025
- Total assets
- €91,608
- Loss
- -€80,042
- Solvency
- -85.2%
North Sea Logistics
ActiveSummary
The computed 12-month bankruptcy probability of North Sea Logistics is 10.1% (high). The 2025 annual accounts show negative equity (-€78,042) and a net result of -€80,042. Its solvency ranks better than 5% of 5,675 sector peers (NACE 49, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Freight transport by road
NACE 49410
1 site
Size
€91,608total assets 2025
- Staff
- 1.4 FTE
- Equity
- -€78,042
- Loss
- -€80,042
Turnover not published (micro format)
Structure
Accounts filed 31 days late1 of 2 deeds read
Why 29raises riskSector: Land transport and transport via pipelines (NACE 49)Founded in 2024Loss of €80,042 (financial year 2025)1 change of registered office in 24 monthsShow the evidence
Checked score
Score 2025
29
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 6% of its sector peers (NACE 49, micro)
Financial strength
Weak
Solvency
0
equity -85.2% of total assets
Liquidity
5
short-term debt 185.2% · cash 4.2%
Profitability
0
return on assets -87.4%
Bankruptcy probability, 12 months
10.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 3.6%lowest value
11-2025: 3.6%● unchanged vs 10-2025lowest value
12-2025: 3.7%▲ +0.1 percentage points vs 11-2025
01-2026: 4.1%▲ +0.4 percentage points vs 12-2025
02-2026: 4.2%▲ +0.1 percentage points vs 01-2026
03-2026: 4.6%▲ +0.4 percentage points vs 02-2026
04-2026: 4.6%● unchanged vs 03-2026
05-2026: 5.0%▲ +0.4 percentage points vs 04-2026
06-2026: 5.0%● unchanged vs 05-2026
07-2026: 7.7%▲ +2.7 percentage points vs 06-2026
08-2026: 8.1%▲ +0.4 percentage points vs 07-2026
09-2026: 10.1%▲ +2.0 percentage points vs 08-2026highest value
10-2026: 10.1%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.41; short-term debt: 185.2% and cash: 4.2% of total assets), and equity is negative.
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, micro): better than 5% on solvency, 7% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 09-10-2026 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 risk○neutral
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 Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move · Power of…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2026
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 26-09-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark Is the workforce growing, and do people stay?Employer check
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