RED STAR FORWARDING & LOGISTICS
ActiveRED STAR FORWARDING & LOGISTICS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €590k and a net result of €878k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 74% of 721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency87▲+38
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 1.31 in 2024; short-term debt: 38% and cash: 66% of total assets), and 38% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
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
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
62%
Return on assets
92.3%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €590k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d early
2023
5 d early
2022
9 d early
2021
4 d early
2020
2 d early
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€590k▲ 136%
2024 · €250k
2018: €317k
2019: €275k
2020: €313k
2021: €242k
2022: €250k
2023: €250k
2024: €250k
2018 → 2025
Total assets
€951k▼ 8.2%
2024 · €1.04M
2018: €692k
2019: €526k
2020: €716k
2021: €529k
2022: €1.45M
2023: €921k
2024: €1.04M
2018 → 2025
Net result
€878k▲ 82.4%
2024 · €481k
2018: €207k
2019: €165k
2020: €37k
2021: €37k
2022: €249k
2023: €286k
2024: €481k
2018 → 2025
Working capital
€582k▲ 139%
2024 · €243k
2018: €273k
2019: €250k
2020: €305k
2021: €242k
2022: €244k
2023: €245k
2024: €243k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€242k-€250k▲ 3.5%€250k=€250k=€590k▲ 136%
Operating result€56k-€343k▲ 509%€385k▲ 12.3%€654k▲ 69.9%€1.18M▲ 80.7%
Net result€37k-€249k▲ 567%€286k▲ 15.1%€481k▲ 68.3%€878k▲ 82.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €951k
Fixed assets
€8k▲ 18.5%
Current assets
€943k▼ 8.4%
Equity and liabilities €951k
Equity
€590k▲ 136%
Debt
€361k▼ 54.0%
The debt ratio falls from 75.9% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.18M▲
2024 · €655k
Cash flow
€881k▲
2024 · €483k
Solvency
62.0%▲
2024 · 24.1%
Current ratio
2.61▲
2024 · 1.31
Quick ratio
2.61▲
2024 · 1.31
Debt / equity
0.61▼
2024 · 3.14
ROE
148.8%▼
2024 · 192.5%
ROA
92.3%▲
2024 · 46.5%
Interest coverage
319.92▲
2024 · 140.28
Debt
€361k▼
2024 · €785k
Debt ≤ 1 year
€361k▼
2024 · €785k
Income taxes
€301k▲
2024 · €168k
Staff costs
€159k▲
2024 · €159k
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€1.04M€951k▼
Fixed assets21/28€7k€8k▲
Tangible fixed assets22/27€7k€8k▲
Furniture and vehicles24€7k€8k▲
Current assets29/58€1.03M€943k▼
Amounts receivable within one year40/41€436k€313k▼
Trade receivables40€403k€310k▼
Other amounts receivable41€32k€4k▼
Cash at bank and in hand54/58€590k€628k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€951k▼
Equity10/15€250k€590k▲
Contributions10/11€110k€110k=
Profit (loss) carried forward14€140k€480k▲
Amounts payable17/49€785k€361k▼
Amounts payable within one year42/48€785k€361k▼
Trade debts44€280k€274k▼
Suppliers440/4€280k€274k▼
Taxes, remuneration and social security45€24k€49k▲
Taxes450/3-€27k
Remuneration and social security454/9€24k€22k▼
Other amounts payable47/48€481k€38k▼
Income statement
Code20242025
Remuneration, social security and pensions62€159k€159k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€816k€1.35M▲
Operating profit (loss)9901€654k€1.18M▲
Financial income75/76B€436€1k▲
Recurring financial income75€436€1k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€650k€1.18M▲
Income taxes67/77€168k€301k▲
Profit (loss) for the period9904€481k€878k▲
Profit (loss) for the period to be appropriated9905€481k€878k▲
Appropriation of the result
Profit (loss) to be appropriated9906€621k€1.02M▲
Profit (loss) brought forward from the previous period14P€140k€140k=
Transfer from equity791/2€10k-
Transfer to equity691/2€10k-
To contributions691€10k-
Profit to be distributed694/7€481k€538k▲
Return on contributions (dividend)694€453k€500k▲
Employees696-€38k
Other beneficiaries697€28k-
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (7 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
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €878k ▲82.4%
Operating result €1.18M, net result €878k, both a record.
30-09
Financial
Equity above €500kEq €590k ▲136%
8 profitable years in a row build equity to €590k.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €37k ▼0.1%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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
11 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, Antwerpen · 2 establishment units since 2001
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.
Thonetlaan 110 - GLV2050 AntwerpenGround area
3.1 ha
Building footprint
6,937 m²
Volume, LiDAR
110,918 m³
2 parcels, Flanders, Wallonia · tallest building 36.5 m, ±11 floors. Linked by address, not a title deed.
2 establishment units
Red Star Forwarding & Logistics
since 20012.094.537.628
Rue Saint-Exupéry 17, 4460 Grâce-Hollogne
since 20262.387.919.472
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62016B0333/00A000 | Wallonia | 3.0 ha | 1 · 6,299 m² | 16.4 m · 5 fl. |
| 11813N0895/00R000 | Flanders | 1,226 m² | 1 · 639 m² | 36.5 m · 11 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 to 2025 · 3 entries · 4,735 EUR awarded · 4,735 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,513 EUR | 4,513 EUR |
| 2024 | 1 | 222 EUR | 222 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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R D W STEVEDORING CONSULTANTS
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CBC LOGISTICS
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PONSARDIN HOLDING
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Of 275 companies in sector 52241 we hold annual accounts for 212. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-2001
Fiscal year end30-09
Activities, NACEBEL
52241Warehousing and support activities for transportation
52250Logistics services
52290Warehousing and support activities for transportation
49200Land transport and transport via pipelines
50200Water transport
52210Service activities incidental to land transportation
52220Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.