P &M Logistics
ActiveThe computed 12-month bankruptcy probability of P &M Logistics is 1.5% (moderate). The annual accounts of P &M Logistics for fiscal year 2024 show a net loss of 70% of the equity at the start of that year. The 2024 annual accounts show equity of €35k and a net result of €-82k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 9% of 1850 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability20▼-6
Solvency26▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.89 against 0.92 in 2023; short-term debt: 45% and cash: 8.8% of total assets), and 99.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 49
higher
← 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 2024Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-1.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-82k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1850 sector peers (2024).
NBB · sector comparisonPosition among 1850 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
27 d late
2022
101 d late
2021
31 d late
2020
30 d late
2019
49 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-82k▼ 528%
2023 · €-13k
2018: €-3k
2019: €32k
2020: €-11k
2021: €77k
2022: €-2k
2023: €-13k
2018 → 2024
Working capital
€-280k▼ 37.4%
2023 · €-204k
2019: €40k
2020: €22k
2021: €106k
2022: €-76k
2023: €-204k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€56k-€133k▲ 139%€130k▼ 1.8%€117k▼ 10.0%€35k▼ 70.0%
Operating result€-11k-€108k€13k▼ 88.2%€112k▲ 778%€44k▼ 60.5%
Net result€-11k-€77k€-2k€-13k▼ 437%€-82k▼ 528%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 61% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.57M
Fixed assets
€3.34M▼ 0.2%
Current assets
€2.22M▼ 1.0%
Equity and liabilities €5.57M
Equity
€35k▼ 70.0%
Debt
€5.53M▲ 1.0%
The debt ratio rises from 97.9% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50k▼
2023 · €118k
Cash flow
€-76k▼
2023 · €-7k
Solvency
0.6%▼
2023 · 2.1%
Current ratio
0.89▼
2023 · 0.92
Quick ratio
0.25▲
2023 · 0.23
ROE
-233.6%▼
2023 · -11.2%
ROA
-1.5%▼
2023 · -0.2%
Interest coverage
0.40▼
2023 · 0.94
Debt
€5.53M▲
2023 · €5.48M
Debt ≤ 1 year
€2.50M▲
2023 · €2.45M
Debt > 1 year
€3.03M=
2023 · €3.03M
A ratio outside any meaningful range has been withheld (balance sheet total €5.57M, equity €35k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.60M€5.57M▼
Fixed assets21/28€3.35M€3.34M▼
Intangible fixed assets21€2k€867▼
Tangible fixed assets22/27€15k€10k▼
Furniture and vehicles24€15k€10k▼
Financial fixed assets28€3.33M€3.33M=
Current assets29/58€2.25M€2.22M▼
Stocks and contracts in progress3€1.68M€1.59M▼
Stocks30/36€1.68M€1.59M▼
Amounts receivable within one year40/41€395k€140k▼
Trade receivables40€146k€114k▼
Other amounts receivable41€249k€26k▼
Cash at bank and in hand54/58€169k€491k▲
Equity and liabilities
Total equity and liabilities10/49€5.60M€5.57M▼
Equity10/15€117k€35k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€32k€32k=
Profit (loss) carried forward14€67k€-15k▼
Amounts payable17/49€5.48M€5.53M▲
Amounts payable after more than one year17€3.03M€3.03M=
Financial debts170/4€3.03M€3.03M=
Amounts payable within one year42/48€2.45M€2.50M▲
Trade debts44€102k€2k▼
Suppliers440/4€102k€2k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€2k€26k▲
Taxes450/3€0€24k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€2.35M€2.48M▲
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€185k
Other operating charges640/8€1k€382▼
Gross operating margin9900€119k€236k▲
Operating profit (loss)9901€112k€44k▼
Financial income75/76B€97€286▲
Recurring financial income75€97€286▲
Financial charges65/66B€126k€127k▲
Recurring financial charges65€126k€127k▲
Profit (loss) for the period before taxes9903€-13k€-82k▼
Profit (loss) for the period9904€-13k€-82k▼
Profit (loss) for the period to be appropriated9905€-13k€-82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€-15k▼
Profit (loss) brought forward from the previous period14P€80k€67k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €77k
Net result €77k after one loss-making year.
31-12
Financial
Equity above €100kEq €133k ▲139%
Equity rises from €56k to €133k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-11-2025
Resigned as Manager
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Krommendijk 662382 RavelsGround area
1,220 m²
Building footprint
236 m²
Volume, LiDAR
1,313 m³
Parcel 13033D0184/00A002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
4x4camperworld
since 20132.224.199.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13033D0184/00A002 | Flanders | 1,220 m² | 1 · 236 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500B4EDB1B5FF9F88
Similar companies · same sector, comparable size
Green Night Logistics
BE 0738.497.919
Mechelen · Eq €35k
SEF TRANS
BE 0747.896.922
Sint-Jans-Molenbeek · Eq €35k
DLF TRANS
BE 0656.876.476
Asse · Eq €35k
RESI TRANS
BE 0733.646.137
Merelbeke-Melle · Eq €35k
DAVY VERHUIZING
BE 0793.545.716
Oostende · Eq €35k
Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 5,690 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2013
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
47811Retail sale of cars and light vans (up to 3.5 tonnes)
70200Business and other management consultancy
70220Business consulting
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.