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S.I. LOGISTICS

Active
Private limited companyfounded 20233 years activeMaurice Maeterlincklaan 3, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0801.243.457
Summary

The computed 12-month bankruptcy probability of S.I. LOGISTICS is 7.2% (elevated). The 2024 annual accounts show equity of €310,643 and a net result of €64,466. Its solvency ranks better than 28% of 1,132 sector peers (NACE 49, fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Freight transport by road
NACE 49410
#10 company by total assets in Schaarbeek, Transport and storage sector1 site
Size
€4.0mturnover 2024
Staff
22.8 FTE
Equity
€310,643
Profit
€64,466
Financial health
35 Weak Checked score 2024
Bankruptcy probability, 12 months
7.2%
Structure
Accounts 68 days overdue0 of 1 deed read
Why 35- 1 financial year not filed after the legal deadline; latest accounts 115 days late; 2 of the last 3 late- Sector Land transport and transport via pipelines (NACE 49)- Liquidity: current ratio 0.46, cash €16,128, halved- Figures for FY 2024 (filed 23-11-2025)Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 40% of its sector peers (NACE 49, small)
Financial strength · tick = 2023
Weak
Solvency 43+5
equity 17.9% of total assets
Liquidity 18-14
short-term debt 62.3% · cash 0.9%
Profitability 70-19
return on assets 3.7%
Bankruptcy probability, 12 months
7.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,178 companies)
Last 24 months 11-2024: 4.1%lowest value 12-2024: 4.3%▲ +0.2 percentage points vs 11-2024 01-2025: 4.3%● unchanged vs 12-2024 02-2025: 4.1%▼ -0.2 percentage points vs 01-2025 03-2025: 4.2%▲ +0.1 percentage points vs 02-2025 04-2025: 4.3%▲ +0.1 percentage points vs 03-2025 05-2025: 4.1%▼ -0.2 percentage points vs 04-2025 06-2025: 4.6%▲ +0.5 percentage points vs 05-2025 07-2025: 4.9%▲ +0.3 percentage points vs 06-2025 08-2025: 5.9%▲ +1.0 percentage point vs 07-2025 09-2025: 6.0%▲ +0.1 percentage points vs 08-2025 10-2025: 6.4%▲ +0.4 percentage points vs 09-2025 11-2025: 6.5%▲ +0.1 percentage points vs 10-2025 12-2025: 6.3%▼ -0.2 percentage points vs 11-2025 01-2026: 6.3%● unchanged vs 12-2025 02-2026: 6.3%● unchanged vs 01-2026 03-2026: 6.2%▼ -0.1 percentage points vs 02-2026 04-2026: 6.2%● unchanged vs 03-2026 05-2026: 5.9%▼ -0.3 percentage points vs 04-2026 06-2026: 5.9%● unchanged vs 05-2026 07-2026: 6.2%▲ +0.3 percentage points vs 06-2026 08-2026: 6.8%▲ +0.6 percentage points vs 07-2026 09-2026: 6.9%▲ +0.1 percentage points vs 08-2026 10-2026: 7.2%▲ +0.3 percentage points vs 09-2026highest value
Credit up to €10,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.46 against 0.55 in 2023; short-term debt: 62.3% and cash: 0.9% of total assets), and 82.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small): better than 21% on solvency, 11% on liquidity, 37% on profitability and 91% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 115 days late; 2 of the last 3 late
NBB · filings
raises risk · Sector Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Liquidity: current ratio 0.46, cash €16,128, halved
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 23-11-2025)
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-11-2025, 115 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
115 days late
2023
67 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 91 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…

Key points

  • Positive: Turnover rose in 2024from €1.0m to €4.0m ▲ 288% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Positive: Company by total assets in Schaarbeek, Transport and…in the Checked rankings #10 View

By topic

Financials

Fiscal year
2024
Turnover
€4.0m
Profit
€64,466
Solvency
17.9%
Turnover▲ 288%
Net result
20232024
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
27-04-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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