P.E. LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of P.E. LOGISTICS is 2.2% (moderate). The 2025 annual accounts show negative equity (-€5,832) and a net result of €13,978. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 1532 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency7▲+7
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.11 in 2024; short-term debt: 108.1% and cash: 92.4% of total assets), and equity is negative.
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Signals
Five 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 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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 2025Solvency, return and age of the figures
Solvency
-18.3%
Return on assets
43.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1532 sector peers (2025).
NBB · sector comparisonPosition among 1532 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
18 d late
2024
33 d early
2023
20 d early
2022
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€5,832▲ 70.6%
2024 · -€19,810
Total assets
€31,821▲ 45.0%
2024 · €21,947
Net result
€13,978
2024 · -€11,088
Working capital
-€4,141▲ 85.4%
2024 · -€28,457
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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
Line2022202320242025
Operating result-€12,979-€6,008-€9,538€15,307
Net result-€13,277below the sector's middle half-€3,555within the sector's middle half-€11,088below the sector's middle half€13,978within the sector's middle half
Equity-€12,277below the sector's middle half--€8,722below the sector's middle half▲ 29.0%-€19,810below the sector's middle half▼ 127%-€5,832below the sector's middle half▲ 70.6%
Total assets€59,424below the sector's middle half-€32,582below the sector's middle half▼ 45.2%€21,947below the sector's middle half▼ 32.6%€31,821below the sector's middle half▲ 45.0%
Debt€71,701-€41,304▼ 42.4%€41,757▲ 1.1%€37,653▼ 9.8%
Working capital-€25,012--€19,390▲ 22.5%-€28,457▼ 46.8%-€4,141▲ 85.4%
Solvency-20.7%below the sector's middle half--26.8%below the sector's middle half▼ 6.1pp-90.3%below the sector's middle half▼ 63.5pp-18.3%below the sector's middle half▲ 71.9pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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
The operating result returns to profit in 2025: €15,307 after a loss of €9,538 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,821
Fixed assets
€1,577 ▼ 91.4%
Current assets
€30,244 ▲ 725%
Key figures and ratios
EBITDA
€16,377▲
2024 · -€1,368
Cash flow
€15,048▲
2024 · -€2,918
Current ratio
0.88▲
2024 · 0.11
Debt to equity
-6.46▼
2024 · -2.11
ROA
43.9%▲
2024 · -50.5%
Interest coverage
12.32▲
2024 · -0.88
Debt ≤ 1 year
€34,384▲
2024 · €32,121
Debt > 1 year
€3,268▼
2024 · €9,636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,022 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
5.8%
went bankrupt
4.1%
stopped otherwise
89%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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%.
| 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 1,022 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,235 | €8,170 | €8,170 | €1,070 | ▼ 86.9% |
| Other operating charges640/8 | €1,771 | €1,956 | €1,183 | €831 | ▼ 29.8% |
| Gross operating margin9900 | -€1,974 | €16,133 | -€185 | €17,208 | ▲ 9,414% |
| Operating profit (loss)9901 | -€12,979 | €6,008 | -€9,538 | €15,307 | ▲ 260% |
| Financial income75/76B | - | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - |
| Financial charges65/66B | €297 | €2,453 | €1,550 | €1,329 | ▼ 14.2% |
| Recurring financial charges65 | €297 | €2,453 | €1,550 | €1,329 | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | -€13,277 | €3,555 | -€11,088 | €13,978 | ▲ 226% |
| Profit (loss) for the period9904 | -€13,277 | €3,555 | -€11,088 | €13,978 | ▲ 226% |
| Profit (loss) for the period to be appropriated9905 | -€13,277 | €3,555 | -€11,088 | €13,978 | ▲ 226% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €59,424 | €32,582 | €21,947 | €31,821 | ▲ 45.0% |
| Fixed assets21/28 | €46,615 | €26,453 | €18,283 | €1,577 | ▼ 91.4% |
| Tangible fixed assets22/27 | €46,615 | €26,453 | €18,283 | €1,577 | ▼ 91.4% |
| Plant, machinery and equipment23 | €4,787 | €3,717 | €2,647 | €1,577 | ▼ 40.4% |
| Furniture and vehicles24 | €41,828 | €22,736 | €15,636 | €0 | ▼ 100% |
| Current assets29/58 | €12,809 | €6,129 | €3,664 | €30,244 | ▲ 725% |
| Amounts receivable within one year40/41 | €5,955 | €4,947 | €960 | €830 | ▼ 13.5% |
| Trade receivables40 | €5,075 | €3,896 | €0 | - | - |
| Other amounts receivable41 | €880 | €1,051 | €960 | €830 | ▼ 13.5% |
| Cash at bank and in hand54/58 | €6,319 | €340 | €2,704 | €29,413 | ▲ 988% |
| Deferred charges and accrued income490/1 | €535 | €841 | €0 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €59,424 | €32,582 | €21,947 | €31,821 | ▲ 45.0% |
| Equity10/15 | -€12,277 | -€8,722 | -€19,810 | -€5,832 | ▲ 70.6% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€13,277 | -€9,722 | -€20,810 | -€6,832 | ▲ 67.2% |
| Amounts payable17/49 | €71,701 | €41,304 | €41,757 | €37,653 | ▼ 9.8% |
| Amounts payable after more than one year17 | €33,880 | €15,785 | €9,636 | €3,268 | ▼ 66.1% |
| Financial debts170/4 | €33,880 | €15,785 | €9,636 | €3,268 | ▼ 66.1% |
| Amounts payable within one year42/48 | €37,821 | €25,519 | €32,121 | €34,384 | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €18,755 | €5,938 | €6,149 | €6,368 | ▲ 3.6% |
| Trade debts44 | €522 | €2,531 | €4,700 | €1,170 | ▼ 75.1% |
| Suppliers440/4 | €522 | €2,531 | €4,700 | €1,170 | ▼ 75.1% |
| Taxes, remuneration and social security45 | €1,837 | €0 | - | €577 | - |
| Taxes450/3 | €1,837 | €0 | - | €577 | - |
| Other amounts payable47/48 | €16,707 | €17,050 | €21,272 | €26,270 | ▲ 23.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,277 | €3,555 | -€11,088 | €13,978 | ▲ 226% |
| + Depreciation and write-downs630 | €9,235 | €8,170 | €8,170 | €1,070 | ▼ 86.9% |
| Operating cash flow (approximation) | -€4,042 | €11,725 | -€2,918 | €15,048 | ▲ 616% |
| Investment in fixed assets (approximation) | - | €11,992 | €0 | €15,636 | - |
| Change in cash | - | -€5,978 | €2,364 | €26,709 | ▲ 1,030% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Back to profitnet €13,978
Net result €13,978 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,555
Net result €3,555 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Kasterlee · 1 establishment unit since 2021
Ground area
2.9 ha
Building footprint
1,622 m²
Volume, LiDAR
12,270 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
P.E. LOGISTICS
since 20212.323.279.563
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017C0875/00A000 | Flanders | 2.5 ha | 1 · 297 m² | 11.3 m · 2 fl. |
| 13017C0365/00D000 | Flanders | 3,609 m² | 1 · 1,325 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,446 companies in sector 77110 we hold annual accounts for 729. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
47812Retail trade
49420Removal services
52250Logistics services
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776339696
Also
9925:BE0776339696
Registered
30-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.