RAMADAN LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of RAMADAN LOGISTICS is 3.0% (moderate). The 2025 annual accounts show equity of €37,810 and a net result of €6,557. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 4735 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency98▲+1
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.8 against 1.8 in 2024; short-term debt: 26.6% and cash: 6.8% of total assets), and 26.6% of the assets are financed with debt.
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Signals
Six 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
73.4%
Return on assets
12.7%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
30 d late
2022
on the day
2021
22 d late
2020
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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 31 July (5 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Turnover
€38,789
EBIT margin
19.2%
Net result
€6,557▼ 63.1%
2024 · €17,755
Working capital
€24,709▲ 147%
2024 · €10,012
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 49, Land transport and transport via pipelines, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€5,828▼ 22.0%€8,787▲ 50.8%€3,883▼ 55.8%€26,227▲ 575%€10,906▼ 58.4%
Net result€3,657within the sector's middle half▼ 50.4%€4,788within the sector's middle half▲ 30.9%€421within the sector's middle half▼ 91.2%€17,755within the sector's middle half▲ 4,122%€6,557within the sector's middle half▼ 63.1%
EBIT margin
Equity€8,290below the sector's middle half▼ 20.1%€13,078within the sector's middle half▲ 57.8%€13,498within the sector's middle half▲ 3.2%€31,253within the sector's middle half▲ 132%€37,810within the sector's middle half▲ 21.0%
Total assets€19,302below the sector's middle half▲ 69.8%€23,058below the sector's middle half▲ 19.5%€27,398below the sector's middle half▲ 18.8%€43,701within the sector's middle half▲ 59.5%€51,515within the sector's middle half▲ 17.9%
Debt€11,012▲ 1,012%€9,981▼ 9.4%€13,900▲ 39.3%€12,448▼ 10.4%€13,705▲ 10.1%
Working capital-€4,965within the sector's middle half€5,013within the sector's middle half€2,347within the sector's middle half▼ 53.2%€10,012within the sector's middle half▲ 327%€24,709within the sector's middle half▲ 147%
Solvency42.9%within the sector's middle half▼ 48.3pp56.7%within the sector's middle half▲ 13.8pp49.3%within the sector's middle half▼ 7.4pp71.5%above the sector's middle half▲ 22.2pp73.4%above the sector's middle half▲ 1.9pp
Current ratio0.55below the sector's middle half▼ 6.891.50within the sector's middle half▲ 0.951.17within the sector's middle half▼ 0.331.80within the sector's middle half▲ 0.642.80above the sector's middle half▲ 1.00
Return on assets (ROA)18.9%above the sector's middle half▼ 45.9pp20.8%above the sector's middle half▲ 1.8pp1.5%within the sector's middle half▼ 19.2pp40.6%above the sector's middle half▲ 39.1pp12.7%within the sector's middle half▼ 27.9pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,515
Fixed assets
€13,101 ▼ 38.3%
Current assets
€38,414 ▲ 71.0%
Equity and liabilities €51,515
Equity
€37,810 ▲ 21.0%
Debt
€13,705 ▲ 10.1%
Debt's share of the balance-sheet total falls from 28.5% to 26.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,046▼
2024 · €30,276
Cash flow
€14,697▼
2024 · €21,805
Debt to equity
0.36▼
2024 · 0.40
ROE
17.3%▼
2024 · 56.8%
Interest coverage
46.65▼
2024 · 134.36
Debt ≤ 1 year
€13,705▲
2024 · €12,448
Income taxes
€3,941▼
2024 · €8,247
Staff costs
€23
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
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: 3.0% 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 497,341 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 26,975 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 | - | - | - | - | €23 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,014 | €5,190 | €4,962 | €4,050 | €8,140 | ▲ 101% |
| Other operating charges640/8 | €865 | €382 | €9,891 | €577 | €1,289 | ▲ 123% |
| Gross operating margin9900 | €8,706 | €14,359 | €18,736 | €30,853 | €20,357 | ▼ 34.0% |
| Operating profit (loss)9901 | €5,828 | €8,787 | €3,883 | €26,227 | €10,906 | ▼ 58.4% |
| Financial income75/76B | €0 | - | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €228 | €214 | €327 | €225 | €408 | ▲ 81.2% |
| Recurring financial charges65 | €228 | €214 | €327 | €225 | €408 | ▲ 81.2% |
| Profit (loss) for the period before taxes9903 | €5,600 | €8,573 | €3,556 | €26,002 | €10,497 | ▼ 59.6% |
| Income taxes67/77 | €1,943 | €3,785 | €3,135 | €8,247 | €3,941 | ▼ 52.2% |
| Profit (loss) for the period9904 | €3,657 | €4,788 | €421 | €17,755 | €6,557 | ▼ 63.1% |
| Profit (loss) for the period to be appropriated9905 | €3,657 | €4,788 | €421 | €17,755 | €6,557 | ▼ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,302 | €23,058 | €27,398 | €43,701 | €51,515 | ▲ 17.9% |
| Fixed assets21/28 | €13,255 | €8,065 | €11,151 | €21,241 | €13,101 | ▼ 38.3% |
| Tangible fixed assets22/27 | €13,255 | €8,065 | €11,151 | €21,241 | €13,101 | ▼ 38.3% |
| Plant, machinery and equipment23 | - | - | - | €1,753 | €1,363 | ▼ 22.2% |
| Furniture and vehicles24 | €13,255 | €8,065 | €11,151 | €19,488 | €11,738 | ▼ 39.8% |
| Current assets29/58 | €6,047 | €14,993 | €16,247 | €22,460 | €38,414 | ▲ 71.0% |
| Amounts receivable within one year40/41 | €4,634 | €7,547 | €7,939 | €21,651 | €34,887 | ▲ 61.1% |
| Trade receivables40 | €4,634 | €6,149 | €0 | - | €4,714 | - |
| Other amounts receivable41 | - | €1,398 | €7,939 | €21,651 | €30,174 | ▲ 39.4% |
| Cash at bank and in hand54/58 | €1,413 | €7,389 | €8,308 | €809 | €3,527 | ▲ 336% |
| Deferred charges and accrued income490/1 | - | €57 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,302 | €23,058 | €27,398 | €43,701 | €51,515 | ▲ 17.9% |
| Equity10/15 | €8,290 | €13,078 | €13,498 | €31,253 | €37,810 | ▲ 21.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €5,290 | €10,078 | €10,498 | €28,253 | €34,810 | ▲ 23.2% |
| Distributable reserves133 | €5,290 | €10,078 | €10,498 | €28,253 | €34,810 | ▲ 23.2% |
| Amounts payable17/49 | €11,012 | €9,981 | €13,900 | €12,448 | €13,705 | ▲ 10.1% |
| Amounts payable within one year42/48 | €11,012 | €9,981 | €13,900 | €12,448 | €13,705 | ▲ 10.1% |
| Trade debts44 | €702 | - | €471 | €415 | €1,034 | ▲ 149% |
| Suppliers440/4 | €702 | - | €471 | €415 | €1,034 | ▲ 149% |
| Taxes, remuneration and social security45 | €4,761 | €9,981 | €13,429 | €12,032 | €12,671 | ▲ 5.3% |
| Taxes450/3 | €4,761 | €9,981 | €13,429 | €12,032 | €12,671 | ▲ 5.3% |
| Other amounts payable47/48 | €5,549 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,657 | €4,788 | €421 | €17,755 | €6,557 | ▼ 63.1% |
| + Depreciation and write-downs630 | €2,014 | €5,190 | €4,962 | €4,050 | €8,140 | ▲ 101% |
| Operating cash flow (approximation) | €5,671 | €9,977 | €5,382 | €21,805 | €14,697 | ▼ 32.6% |
| Investment in fixed assets (approximation) | - | €0 | -€8,048 | -€14,140 | €0 | ▲ 100% |
| Change in cash | - | €5,976 | €918 | -€7,498 | €2,717 | ▲ 136% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €17,755 ▲4,122%
Operating result €26,227, net result €17,755, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
05-04
KBO administration
Address struck
Binnenstraat 35 bus 1 L’adresse du siège Binnenstraat 35 boîte 1 Die Sitzadresse Binnenstraat 35 Bfk. 1 9300
9300 Aalst is doorgehaald met ingang van 9300 Alost · event 19-03-2024
2023
31-12
Financial
Weakest financial yearnet €421 ▼91.2%
Net result drops to €421, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 1.50
Current ratio from 0.55 to 1.50; short-term debt falls from €11,012 to €9,981.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aalst
Ground area
301 m²
Building footprint
117 m²
Volume, LiDAR
1,060 m³
Parcel 41303D0859/00Y000, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0859/00Y000 | Flanders | 301 m² | 1 · 117 m² | 12.8 m · 3 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.
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Of 12,573 companies in this sector we hold annual accounts for 8,205. 5,763 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
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
46713Wholesale trade
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
47830Retail sale of motorcycles and motorcycle parts and accessories
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739650734
Also
9925:BE0739650734
Registered
12-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.