RAIL & ROAD LOGISTICS
ActiveThe computed 12-month bankruptcy probability of RAIL & ROAD LOGISTICS is 1.8% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €-2k. Equity is shrinking by ~54.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 1836 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+6
Solvency18▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.56 in 2024; short-term debt: 53.1% and cash: 3.9% of total assets), and equity is negative.
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 2025Solvency, return and age of the figures
Solvency
-6.6%
Return on assets
-1%
Age of the figures
18 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
on the day
2022
3 d late
2021
37 d early
2020
9 d late
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-11k▼ 17.9%
2024 · €-9k
2019: €20k
2020: €14k
2021: €3k
2022: €864
2023: €3k
2024: €-9k
2019 → 2025
Total assets
€162k▼ 13.3%
2024 · €186k
2019: €54k
2020: €172k
2021: €134k
2022: €106k
2023: €97k
2024: €186k
2019 → 2025
Net result
€-2k▲ 86.6%
2024 · €-12k
2019: €8k
2020: €-6k
2021: €-11k
2022: €-2k
2023: €2k
2024: €-12k
2019 → 2025
Working capital
€-42k▼ 17.0%
2024 · €-36k
2019: €11k
2020: €-13k
2021: €-20k
2022: €-21k
2023: €-30k
2024: €-36k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€864▼ 74.2%€3k▲ 251%€-9k€-11k▼ 17.9%
Operating result€-9k-€-1k▲ 85.6%€3k€-6k€5k
Net result€-11k-€-2k▲ 76.4%€2k€-12k€-2k▲ 86.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €6k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€117k▼ 17.3%
Current assets
€44k▼ 0.3%
Key figures and ratios
EBITDA
€46k▼
2024 · €48k
Cash flow
€40k▼
2024 · €41k
Solvency
-6.6%▼
2024 · -4.9%
Current ratio
0.52▼
2024 · 0.56
Quick ratio
0.52▼
2024 · 0.56
Debt / equity
-16.13▲
2024 · -21.57
ROA
-1.0%▲
2024 · -6.5%
Interest coverage
6.91▼
2024 · 7.37
Debt
€172k▼
2024 · €195k
Debt ≤ 1 year
€86k▲
2024 · €80k
Debt > 1 year
€85k▼
2024 · €115k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€186k€162k▼
Fixed assets21/28€142k€117k▼
Tangible fixed assets22/27€141k€115k▼
Furniture and vehicles24€141k€115k▼
Financial fixed assets28€675€3k▲
Current assets29/58€44k€44k▼
Amounts receivable within one year40/41€22k€22k▼
Trade receivables40€22k€22k▲
Other amounts receivable41€500-
Cash at bank and in hand54/58€993€6k▲
Deferred charges and accrued income490/1€21k€16k▼
Equity and liabilities
Total equity and liabilities10/49€186k€162k▼
Equity10/15€-9k€-11k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€100€100=
Distributable reserves133€100€100=
Profit (loss) carried forward14€-28k€-29k▼
Amounts payable17/49€195k€172k▼
Amounts payable after more than one year17€115k€85k▼
Financial debts170/4€115k€85k▼
Amounts payable within one year42/48€80k€86k▲
Current portion of amounts payable after more than one year42€43k€43k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€26k€26k=
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€41k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€50k€49k▼
Operating profit (loss)9901€-6k€5k▲
Financial income75/76B€236€100▼
Recurring financial income75€236€100▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€-12k€-2k▲
Profit (loss) for the period9904€-12k€-2k▲
Profit (loss) for the period to be appropriated9905€-12k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-29k▼
Profit (loss) brought forward from the previous period14P€-16k€-28k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-12k ▼658%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lede · 1 establishment unit since 2016
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.
Grote Steenweg 2439340 LedeGround area
683 m²
Building footprint
169 m²
Volume, LiDAR
1,059 m³
Parcel 41052C0125/00Y000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R² Logistics
since 20162.255.759.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41052C0125/00Y000 | Flanders | 683 m² | 1 · 169 m² | 10.7 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 1,976 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2008
Fiscal year end31-03
Abbreviation NL
R² LOGISTICS of RRLOGISTICS
Activities, NACEBEL
49410Freight transport by road
33120Repair and maintenance of machinery
77399Renting and leasing of other machinery, equipment and tangible goods
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.