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PRO LOGISTIC

Active
Public limited companyfounded 1995active for 31 yearsNinoofsesteenweg 1128, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0455.393.521
Summary

The computed 12-month bankruptcy probability of PRO LOGISTIC is 3.3% (moderate). The 2024 annual accounts show equity of €818,235 and a net result of €3,467. Equity remains stable across the filed financial years (±0.3% per year). The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 14 October 2026.

Equity
€818,235▲ 0.4%
2023 · €814,768
Total assets
€1.3m▼ 5.7%
2023 · €1.4m
Net result
€3,467
2023 · -€29,301
Working capital
-€219,875▲ 5.2%
2023 · -€231,891
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result returns to profit in 2024: €9,678 after a loss of €22,871 in 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.01m 2024 Net result€0.003m 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€0.03m-€0.05m▲ 32.9%-€0.02m€0.1m-€0.07m-€0.02m▲ 65.6%€0.01m
Net result€0.03m-€0.03m▲ 10.9%-€0.02m€0.08m-€0.07m-€0.03m▲ 59.7%€0.003m
Equity€0.8m-€0.9m▲ 4.1%€0.8m▼ 2.0%€0.9m▲ 9.7%€0.8m▼ 7.9%€0.8m▼ 3.5%€0.8m▲ 0.4%
Total assets€0.9m-€0.9m▼ 3.5%€0.9m▼ 1.3%€1.1m▲ 30.1%€1.4m▲ 24.8%€1.4m▼ 2.2%€1.3m▼ 5.7%
Debt€0.09m-€0.03m▼ 71.3%€0.03m▲ 22.4%€0.2m▲ 560%€0.6m▲ 166%€0.6m▼ 0.3%€0.5m▼ 14.5%
Working capital-€0.05m-€0.01m€0.02m▲ 98.9%€0.05m▲ 89.9%-€0.2m-€0.2m▼ 9.6%-€0.2m▲ 5.2%
Staff (FTE)1.81.3▼ 27.8%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets €1.3m ▼ 3.6%
Current assets €9,533 ▼ 76.2%
Equity and liabilities €1.3m
Equity €818,235 ▲ 0.4%
Debt €482,130 ▼ 14.5%
Debt's share of the balance-sheet total falls from 40.9% to 37.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€57,487▲
2023 · €24,878
Cash flow
€51,276▲
2023 · €18,447
Current ratio
0.04▼
2023 · 0.15
Debt to equity
0.59▼
2023 · 0.69
ROE
0.4%▲
2023 · -3.6%
ROA
0.3%▲
2023 · -2.1%
Interest coverage
7.18▲
2023 · 3.59
Debt ≤ 1 year
€229,408▼
2023 · €271,996
Debt > 1 year
€252,722▼
2023 · €291,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 14,766 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 · 52 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.4m€1.3m▼
Fixed assets21/28€1.3m€1.3m▼
Intangible fixed assets21€0.02m€0.02m▼
Tangible fixed assets22/27€1.3m€1.3m▼
Land and buildings22€0.9m€0.9m▼
Furniture and vehicles24€0.001m€0.001m▼
Other tangible fixed assets26€0.04m€0.03m▼
Assets under construction and advance payments27€0.3m€0.3m=
Financial fixed assets28€0.01m€0.01m=
Current assets29/58€0.04m€0.01m▼
Amounts receivable within one year40/41€0.03m-
Other amounts receivable41€0.03m-
Cash at bank and in hand54/58€0.004m€0.003m▼
Deferred charges and accrued income490/1€0.006m€0.006m=
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m▼
Equity10/15€0.8m€0.8m▲
Contributions10/11€0.6m€0.6m=
Capital10€0.6m€0.6m=
Issued capital100€0.6m€0.6m=
Reserves13€0.2m€0.2m▲
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Distributable reserves133€0.2m€0.2m▲
Amounts payable17/49€0.6m€0.5m▼
Amounts payable after more than one year17€0.3m€0.3m▼
Financial debts170/4€0.3m€0.3m▼
Other amounts payable178/9€0.003m€0.003m▼
Amounts payable within one year42/48€0.3m€0.2m▼
Current portion of amounts payable after more than one year42€0.04m€0.04m▲
Trade debts44€0.03m€0.007m▼
Suppliers440/4€0.03m€0.007m▼
Taxes, remuneration and social security45€0.01m€0.007m▼
Taxes450/3€0.003m€0.002m▼
Remuneration and social security454/9€0.01m€0.005m▼
Other amounts payable47/48€0.2m€0.2m▼
Income statement Code20232024
Remuneration, social security and pensions62€0.04m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.05m▲
Other operating charges640/8€0.04m€0.03m▼
Gross operating margin9900€0.1m€0.09m▼
Operating profit (loss)9901-€0.02m€0.01m▲
Financial income75/76B-€0.002m
Recurring financial income75-€0.002m
Financial charges65/66B€0.007m€0.008m▲
Recurring financial charges65€0.007m€0.008m▲
Profit (loss) for the period before taxes9903-€0.03m€0.003m▲
Income taxes67/77-€498-
Profit (loss) for the period9904-€0.03m€0.003m▲
Profit (loss) for the period to be appropriated9905-€0.03m€0.003m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.2m€0.2m▼
Transfer to equity691/2€0.2m€0.2m▲
To other reserves6921€0.2m€0.2m▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Remuneration, social security and pensions62---€2,565€50,873€42,497--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,252€29,252€29,252€31,229€41,937€47,748€47,809▲ 0.1%
Other operating charges640/8---€23,338€20,808€37,790€32,510▼ 14.0%
Non-recurring operating charges66A----€10,260---
Gross operating margin9900€90,714€119,028€88,219€164,973€57,437€105,164€89,996▼ 14.4%
Operating profit (loss)9901€34,586€45,964-€16,053€107,841-€66,440-€22,871€9,678-
Financial income75/76B------€1,800-
Recurring financial income75------€1,800-
Financial charges65/66B---€2,359€6,239€6,929€8,011▲ 15.6%
Recurring financial charges65€1,877€1,654€864€2,359€6,239€6,929€8,011▲ 15.6%
Profit (loss) for the period before taxes9903€32,709€44,311-€16,917€105,482-€72,679-€29,799€3,467-
Income taxes67/77€2,774€11,119-€33€24,584--€498--
Profit (loss) for the period9904€29,935€33,192-€16,884€80,898-€72,679-€29,301€3,467-
Profit (loss) for the period to be appropriated9905€29,935€33,192-€16,884€80,898-€72,679-€29,301€3,467-
Line2018201920202021202220232024Change
Assets
Total assets20/58€0.9m€0.9m€0.9m€1.1m€1.4m€1.4m€1.3m▼ 5.7%
Fixed assets21/28€0.9m€0.8m€0.8m€1.0m€1.4m€1.3m€1.3m▼ 3.6%
Intangible fixed assets21€0.03m€0.03m€0.03m€0.03m€0.03m€0.02m€0.02m▼ 7.4%
Tangible fixed assets22/27€0.8m€0.8m€0.8m€1.0m€1.3m€1.3m€1.3m▼ 3.5%
Land and buildings22---€0.6m€1.0m€0.9m€0.9m▼ 3.9%
Furniture and vehicles24---€0.002m€0.002m€0.001m€0.001m▼ 37.5%
Other tangible fixed assets26---€0.04m€0.04m€0.04m€0.03m▼ 21.8%
Assets under construction and advance payments27---€0.3m€0.3m€0.3m€0.3m=
Financial fixed assets28€0.02m€0.02m€0.02m€0.03m€0.01m€0.01m€0.01m=
Current assets29/58€0.04m€0.04m€0.06m€0.09m€0.03m€0.04m€0.01m▼ 76.2%
Amounts receivable within one year40/41€0.03m€0.008m€0.01m€0.002m€0.02m€0.03m--
Trade receivables40---€0.002m€0.001m---
Other amounts receivable41----€0.02m€0.03m--
Cash at bank and in hand54/58€0.006m€0.02m€0.04m€0.08m€95€0.004m€0.003m▼ 15.6%
Deferred charges and accrued income490/1---€0.005m€0.005m€0.006m€0.006m=
Equity and liabilities
Total equity and liabilities10/49€0.9m€0.9m€0.9m€1.1m€1.4m€1.4m€1.3m▼ 5.7%
Equity10/15€0.8m€0.9m€0.8m€0.9m€0.8m€0.8m€0.8m▲ 0.4%
Contributions10/11€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m=
Capital10---€0.6m€0.6m€0.6m€0.6m=
Issued capital100---€0.6m€0.6m€0.6m€0.6m=
Reserves13€0.006m€0.006m€0.006m€0.3m€0.2m€0.2m€0.2m▲ 1.8%
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m=
Legal reserve130---€0.006m€0.006m€0.006m€0.006m=
Distributable reserves133---€0.3m€0.2m€0.2m€0.2m▲ 1.8%
Profit (loss) carried forward14€0.2m€0.2m€0.2m-----
Amounts payable17/49€0.09m€0.03m€0.03m€0.2m€0.6m€0.6m€0.5m▼ 14.5%
Amounts payable after more than one year17€0.002m€0.001m€0.001m€0.2m€0.3m€0.3m€0.3m▼ 13.4%
Financial debts170/4---€0.2m€0.3m€0.3m€0.3m▼ 13.3%
Other amounts payable178/9---€0.001m€0.001m€0.003m€0.003m▼ 25.9%
Amounts payable within one year42/48€0.09m€0.03m€0.03m€0.04m€0.2m€0.3m€0.2m▼ 15.7%
Current portion of amounts payable after more than one year42---€0.02m€0.04m€0.04m€0.04m▲ 1.7%
Financial debts43----€0.008m---
Credit institutions430/8----€0.008m---
Trade debts44--€0.01m€139€0.01m€0.03m€0.007m▼ 75.0%
Suppliers440/4---€139€0.01m€0.03m€0.007m▼ 75.0%
Taxes, remuneration and social security45---€0.02m€0.01m€0.01m€0.007m▼ 46.2%
Taxes450/3---€0.01m€0.005m€0.003m€0.002m▼ 38.8%
Remuneration and social security454/9---€0.005m€0.009m€0.01m€0.005m▼ 48.9%
Other amounts payable47/48---€0.008m€0.2m€0.2m€0.2m▼ 8.7%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€29,935€33,192-€16,884€80,898-€72,679-€29,301€3,467-
+ Depreciation and write-downs630€29,252€29,252€29,252€31,229€41,937€47,748€47,809▲ 0.1%
Operating cash flow (approximation)€59,187€62,444€12,369€112,127-€30,742€18,447€51,276▲ 178%
Investment in fixed assets (approximation)-€0€0-€257,627-€386,615-€3,138€0-
Change in cash-€18,413€15,406€43,740-€83,863€3,571-€572-

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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Latest 10 of 28 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 micro format 31-07-2025 2025-00364105
31-12-2023 micro format 24-07-2024 2024-00276807
31-12-2022 micro format 28-07-2023 2023-00284178
31-12-2021 micro format 13-07-2022 2022-20179712
31-12-2020 micro format 19-07-2021 2021-37900405
31-12-2019 micro format 24-09-2020 2020-56500218
31-12-2018 micro format 29-08-2019 2019-57500510
31-12-2017 full format 30-07-2018 2018-40700206
31-12-2016 full format 12-07-2017 2017-32000143
31-12-2015 full format 29-08-2016 2016-48000597

Show all 28 filings

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