PBM Logistics
ActiveSummary
PBM Logistics has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143,940 and a net result of €20,803. Equity is growing by ~46.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-7
Solvency49▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.25 in 2024; short-term debt: 55.2% and cash: 2.6% of total assets), and 76.2% of the assets are financed with debt.
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Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
23.8%
Return on assets
3.4%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
64 d early
2023
43 d early
2022
62 d early
2021
26 d early
2020
66 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 9 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20,803▼ 44.4%
2024 · €37,408
Working capital
€53,614▼ 21.2%
2024 · €68,051
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,799▲ 10.6%€14,903▼ 46.4%€47,323▲ 218%€51,374▲ 8.6%€28,078▼ 45.3%
Net result€20,313within the sector's middle half▲ 3.1%€11,843within the sector's middle half▼ 41.7%€34,517above the sector's middle half▲ 191%€37,408within the sector's middle half▲ 8.4%€20,803within the sector's middle half▼ 44.4%
Equity€39,369within the sector's middle half▲ 107%€51,212within the sector's middle half▲ 30.1%€85,729within the sector's middle half▲ 67.4%€123,137below the sector's middle half▲ 43.6%€143,940below the sector's middle half▲ 16.9%
Total assets€159,237within the sector's middle half▲ 166%€131,921within the sector's middle half▼ 17.2%€184,921within the sector's middle half▲ 40.2%€412,578below the sector's middle half▲ 123%€604,935below the sector's middle half▲ 46.6%
Debt€119,868▲ 193%€80,708▼ 32.7%€99,192▲ 22.9%€289,441▲ 192%€460,995▲ 59.3%
Working capital€39,182within the sector's middle half▲ 143%€48,316within the sector's middle half▲ 23.3%€83,249within the sector's middle half▲ 72.3%€68,051below the sector's middle half▼ 18.3%€53,614below the sector's middle half▼ 21.2%
Solvency24.7%within the sector's middle half▼ 7.1pp38.8%within the sector's middle half▲ 14.1pp46.4%within the sector's middle half▲ 7.5pp29.8%within the sector's middle half▼ 16.5pp23.8%within the sector's middle half▼ 6.1pp
Current ratio1.33within the sector's middle half▼ 0.061.60within the sector's middle half▲ 0.271.84within the sector's middle half▲ 0.241.25within the sector's middle half▼ 0.591.16below the sector's middle half▼ 0.09
Return on assets (ROA)12.8%within the sector's middle half▼ 20.1pp9.0%within the sector's middle half▼ 3.8pp18.7%above the sector's middle half▲ 9.7pp9.1%within the sector's middle half▼ 9.6pp3.4%within the sector's middle half▼ 5.6pp
Staff (FTE)4.5▲ 221%3.5▼ 22.2%3.8▲ 8.6%3.1below the sector's middle half▼ 18.4%3.1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €604,935
Fixed assets
€217,241 ▲ 219%
Current assets
€387,694 ▲ 12.6%
Equity and liabilities €604,935
Equity
€143,940 ▲ 16.9%
Debt
€460,995 ▲ 59.3%
Debt's share of the balance-sheet total rises from 70.2% to 76.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,746▼
2024 · €56,508
Cash flow
€43,471▲
2024 · €42,542
Debt to equity
3.20▲
2024 · 2.35
ROE
14.5%▼
2024 · 30.4%
Interest coverage
9.92▼
2024 · 64.89
Debt ≤ 1 year
€334,080▲
2024 · €276,370
Debt > 1 year
€126,882▲
2024 · €13,071
Income taxes
€2,314▼
2024 · €13,095
Staff costs
€155,742▲
2024 · €149,114
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,508 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €102,500 | €128,945 | €142,013 | €149,114 | €155,742 | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €744 | €1,281 | €1,525 | €5,134 | €22,668 | ▲ 342% |
| Other operating charges640/8 | €642 | €348 | €446 | €7,737 | €25,456 | ▲ 229% |
| Non-recurring operating charges66A | - | €250 | - | €358 | €135 | ▼ 62.3% |
| Gross operating margin9900 | €131,686 | €145,726 | €191,307 | €213,716 | €232,079 | ▲ 8.6% |
| Operating profit (loss)9901 | €27,799 | €14,903 | €47,323 | €51,374 | €28,078 | ▼ 45.3% |
| Financial income75/76B | €4 | €87 | €514 | - | €153 | - |
| Recurring financial income75 | €4 | €87 | €514 | - | €153 | - |
| Financial charges65/66B | €2,217 | €699 | €90 | €871 | €5,114 | ▲ 487% |
| Recurring financial charges65 | €2,217 | €699 | €90 | €871 | €5,114 | ▲ 487% |
| Profit (loss) for the period before taxes9903 | €25,586 | €14,291 | €47,748 | €50,503 | €23,117 | ▼ 54.2% |
| Income taxes67/77 | €5,273 | €2,448 | €13,231 | €13,095 | €2,314 | ▼ 82.3% |
| Profit (loss) for the period9904 | €20,313 | €11,843 | €34,517 | €37,408 | €20,803 | ▼ 44.4% |
| Profit (loss) for the period to be appropriated9905 | €20,313 | €11,843 | €34,517 | €37,408 | €20,803 | ▼ 44.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,237 | €131,921 | €184,921 | €412,578 | €604,935 | ▲ 46.6% |
| Fixed assets21/28 | €2,174 | €2,905 | €2,481 | €68,158 | €217,241 | ▲ 219% |
| Tangible fixed assets22/27 | €1,914 | €2,645 | €2,221 | €33,998 | €183,206 | ▲ 439% |
| Plant, machinery and equipment23 | €384 | €1,705 | €1,759 | €13,456 | €21,866 | ▲ 62.5% |
| Furniture and vehicles24 | €1,530 | €941 | €462 | €20,542 | €1,476 | ▼ 92.8% |
| Leasing and similar rights25 | - | - | - | - | €159,863 | - |
| Financial fixed assets28 | €260 | €260 | €260 | €34,160 | €34,035 | ▼ 0.4% |
| Current assets29/58 | €157,063 | €129,015 | €182,440 | €344,420 | €387,694 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €100,327 | €116,368 | €138,370 | €331,655 | €353,085 | ▲ 6.5% |
| Trade receivables40 | €96,578 | €108,816 | €138,370 | €310,315 | €281,106 | ▼ 9.4% |
| Other amounts receivable41 | €3,750 | €7,552 | - | €21,340 | €71,979 | ▲ 237% |
| Cash at bank and in hand54/58 | €52,388 | €5,939 | €36,854 | €2,550 | €15,764 | ▲ 518% |
| Deferred charges and accrued income490/1 | €4,348 | €6,708 | €7,217 | €10,216 | €18,845 | ▲ 84.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,237 | €131,921 | €184,921 | €412,578 | €604,935 | ▲ 46.6% |
| Equity10/15 | €39,369 | €51,212 | €85,729 | €123,137 | €143,940 | ▲ 16.9% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €26,969 | €38,812 | €73,329 | €110,737 | €131,540 | ▲ 18.8% |
| Amounts payable17/49 | €119,868 | €80,708 | €99,192 | €289,441 | €460,995 | ▲ 59.3% |
| Amounts payable after more than one year17 | - | - | - | €13,071 | €126,882 | ▲ 871% |
| Financial debts170/4 | - | - | - | €13,071 | €126,882 | ▲ 871% |
| Amounts payable within one year42/48 | €117,882 | €80,699 | €99,192 | €276,370 | €334,080 | ▲ 20.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,169 | €34,223 | ▲ 377% |
| Trade debts44 | €74,445 | €47,476 | €52,720 | €241,024 | €277,107 | ▲ 15.0% |
| Suppliers440/4 | €74,445 | €47,476 | €52,720 | €241,024 | €277,107 | ▲ 15.0% |
| Taxes, remuneration and social security45 | €33,437 | €33,223 | €40,189 | €28,176 | €22,750 | ▼ 19.3% |
| Taxes450/3 | €13,744 | €13,361 | €22,280 | €11,706 | €10,508 | ▼ 10.2% |
| Remuneration and social security454/9 | €19,692 | €19,862 | €17,908 | €16,470 | €12,242 | ▼ 25.7% |
| Other amounts payable47/48 | €10,000 | - | €6,283 | - | - | - |
| Accrued charges and deferred income492/3 | €1,986 | €9 | - | - | €33 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,313 | €11,843 | €34,517 | €37,408 | €20,803 | ▼ 44.4% |
| + Depreciation and write-downs630 | €744 | €1,281 | €1,525 | €5,134 | €22,668 | ▲ 342% |
| Operating cash flow (approximation) | €21,057 | €13,124 | €36,042 | €42,542 | €43,471 | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | -€2,012 | -€1,100 | -€70,811 | -€171,751 | ▼ 143% |
| Change in cash | - | -€46,449 | €30,914 | -€34,304 | €13,215 | ▲ 139% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €37,408 ▲8.4%
Operating result €51,374, net result €37,408, both a record.
31-12
Financial
Equity above €100,000Eq €123,137 ▲43.6%
5 profitable years in a row build equity to €123,137.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €19,694
Net result €19,694 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.39
Current ratio from 0.45 to 1.39.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€3,206
Net result drops to -€3,206, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Grâce-Hollogne · 1 establishment unit since 2014
Ground area
7,587 m²
Building footprint
3,889 m²
Volume, LiDAR
26,835 m³
Parcel 62046A0026/04_000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PBM LOGISITCS
since 20142.234.652.544
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0026/04_000 | Wallonia | 7,587 m² | 1 · 3,889 m² | 7.7 m · 2 fl. |
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
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
50%
According to the 2025 annual accounts of PBM Logistics and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,136 companies in this sector we hold annual accounts for 647. 520 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded22-09-2014
Fiscal year end31-12
Abbreviation FR
WTDB SPRL
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
52100Warehousing and storage
46831Wholesale of construction materials, general range
46839Wholesale trade
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0562876845
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.