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Generated 01-08-2026
Active BE 0769.798.235Private limited company

Royal Logistics

Filip Williotstraat 9 ·2600 Antwerpen, Belgium· 5 yrs active
Sector: Computer programming & consultancy (62100)
Conclusion Checked

The computed 12-month bankruptcy probability of Royal Logistics is 0.7% (low). The 2024 annual accounts show negative equity (€-105k) and a net result of €-60k. Equity is shrinking by ~90.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 559 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-105k
Net result €-60k
Better than sector 18%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health37Profitability100Solvency67Growth32Stability94
66 / 100

Strong profile, led by profitability.

Health 37
Profitability 100
Solvency 67
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
37 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · verkort
€-60k€-40k€-20k€0Operating result 2022: €-29k€-29kNet result 2022: €-24k€-24kOperating result 2023: €-23k€-23kNet result 2023: €-23k€-23kOperating result 2024: €-60k€-60kNet result 2024: €-60k€-60k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~90.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-300k€-200k€-100k€02025: €-147k (€-155k - €-138k)2026: €-188k (€-196k - €-180k)2027: €-229k (€-238k - €-221k)2022: €-23k2023: €-46k2024: €-105k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -16.7% 34.8%
better than 18% of 559 sector peers
Net result €-60k €15k
better than 22% of 559 sector peers
Equity €-105k €79k
better than 14% of 559 sector peers
Gross operating margin €-40k €81k
better than 10% of 558 sector peers
Total assets €632k €314k
better than 64% of 559 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-41k
-888.8% far below sector median
Net profit
€-60k
-163.8% far below sector median
Cash flow
€-41k
-882.7% far below sector median
Total assets
€632k
-45.3% far above sector median
Equity
€-105k
-131.3% far below sector median
Working capital
€547k
-50.2% far above sector median
Debt
€737k
-38.6% far above sector median
Debt ≤ 1y
€48k
+1919.6% +110% vs sector
Debt > 1y
€690k
-42.5% far above sector median
Current ratio
12.50
-97.3% far above sector median
Quick ratio
12.50
-97.3% far above sector median
Solvency
-16.7%
-323.1% far below sector median
Debt / equity
-6.99
+73.5% far below sector median
ROE
56.8%
+14.0% far above sector median
ROA
-9.5%
-382.5% far below sector median
Interest coverage
-473.45
-295.6% far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-41k
Net profit€-60k
Cash flow€-41k
Staff costs-
Income taxes-
Dividends-
Total assets€632k
Equity€-105k
Debt€737k
of which ≤ 1y€48k
of which > 1y€690k
Working capital€547k
Employees (FTE)-
Ratios (computed)
2024
Current ratio12.50
Quick ratio12.50
Working capital ratio86.6%
Solvency-16.7%
Debt / equity-6.99
Long-term debt ratio-6.54
Interest coverage-473.45
Gross margin-
Net margin-
ROA-9.5%
ROE56.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€632k
Fixed assets 21/28€37k
Intangible fixed assets 21€37k
Current assets 29/58€595k
Amounts receivable within one year 40/41€263
Cash & bank 54/58€595k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€632k
Equity 10/15€-105k
Contributions / capital 10/11€1k
Accumulated profits (losses) 14€-106k
Amounts payable 17/49€737k
Amounts payable after one year 17€690k
Amounts payable within one year 42/48€48k
Trade debts payable within one year 44€48k
Income statement
Gross operating margin 9900€-40k
Operating result 9901€-60k
Financial charges 65€87
Result before taxes 9903€-60k
Net result for the period 9904€-60k
Result to be appropriated 9905€-60k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Computer programming & consultancy(62100)
Legal form Private limited company(610)
Incorporation17-06-2021
StatusActive
Postal code2600
Establishment units 1 location
Filip Williotstraat 9, 2600 Antwerpen
Ontwerpen en programmeren van computerprogramma's
since 20212.321.111.515
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11003A0271/00V000 Flanders 1.2 ha 1 · 3,657 m² 20.3 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
10-11-2025
State Gazette act Statutes amendment
v3.2
30-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
30-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
05-01-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
21-06-2021
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 8 months ago
2025
10-11-2025 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": true,
    "seat_change": false,
    "object_change": true,
    "effective_date": "2025-11-03",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0769.798.235",
    "name_full": "FENYX",
    "legal_form": "BV"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2021
21-06-2021 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "2600 Berchem, Filip Williotstraat 9",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "NAETS Sylvain Anthony Hedwige",
        "niss": null,
        "address": "2600 Antwerpen (Berchem), Langveld 18 bus 0202"
      },
      "share_class": "naam",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 1000,
      "holder_person_name": "NAETS Sylvain Anthony Hedwige",
      "is_subscriber_only": true,
      "n_shares_subscribed": 1000,
      "amount_subscribed_eur": 1000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 1000,
  "subject_company": {
    "kbo": "0769.798.235",
    "name_full": "Fenyx",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2021-06-14",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige uitgeverijen van software58290Uitgeven van overige software58290Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999
Primary activity highlighted.
Names & trade names
Legal nameNL Royal Logistics
Registered office
Filip Williotstraat 9
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative