MAN LOGISTIC

Active

Private limited companyfounded 20242 yrs activeNegende Linielaan 35, 1000 Brussel, BelgiumKBO/BCE: BE 1011.929.734

Summary

The computed 12-month bankruptcy probability of MAN LOGISTIC is 19.9% (high). The 2024 annual accounts show equity of €6,578 and a net result of €3,578. Its solvency ranks better than 24% of 6728 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

MAN LOGISTICActiveChecked score 15/100

Risk analysis Report Compare

Activity

On-demand passenger transport by chauffeured vehicle

NACE 49330Non-scheduled passenger transport by road NACE 49320

1 site

Size

€23,931turnover 2024

Equity: €6,578
Profit: €3,578

Financial health

15 Critical Checked score 2024

Bankruptcy chance 12 m: 19.9%

Structure

Accounts filed 124 d late1 of 4 deeds read

Why 15- 2 changes of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 124 days late; 1 of the last 3 late- Founded in 2024- Sector Land transport and transport via pipelines (NACE 49)Show the evidence

Checked score

Score 2024

15 / 100

Critical

Probability in this band: over 15.0%

Better than 45% of its sector peers (NACE 49, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Average

Solvency 37

equity 11.6% of total assets

Liquidity 43

short-term debt 26.3% · cash 2.5%

Profitability 83

return on assets 6.3%

Bankruptcy probability, 12 months

19.9% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,055 companies)

Last 24 months 08-2025: 3.7%lowest value 09-2025: 3.7%● 0.0% vs 08-2025lowest value 10-2025: 3.9%▲ +4.1% vs 09-2025 11-2025: 11.6%▲ +197% vs 10-2025 12-2025: 11.8%▲ +2.0% vs 11-2025 01-2026: 16.7%▲ +40.8% vs 12-2025 02-2026: 16.7%● 0.0% vs 01-2026 03-2026: 17.1%▲ +2.5% vs 02-2026 04-2026: 18.5%▲ +8.2% vs 03-2026 05-2026: 18.3%▼ -0.9% vs 04-2026 06-2026: 18.4%▲ +0.4% vs 05-2026 07-2026: 18.4%▼ -0.1% vs 06-2026 08-2026: 17.8%▼ -2.9% vs 07-2026 09-2026: 17.8%▼ -0.1% vs 08-2026 10-2026: 19.9%▲ +11.9% vs 09-2026highest value

2 changes of registered office in 24 months raises the probability
1 financial year not filed after the legal deadline; latest accounts 124 days late; 1 of the last 3 late raises the probability
Founded in 2024 raises the probability for this profile
Sector Land transport and transport via pipelines (NACE 49) raises the probability

No credit on open account

Liquidity short (current ratio 0.93; short-term debt: 26.3% and cash: 2.5% of total assets), and 88.4% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 23%, liquidity 42%, profitability 71%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk

2 changes of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

1 financial year not filed after the legal deadline; latest accounts 124 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

Sector Land transport and transport via pipelines (NACE 49)

In the bankruptcy model this factor raises the probability.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6728 sector peers (2024).

NBB · sector comparison

Position among 6728 sector peers

Solvency

better than 24%

← weakest strongest →

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 02-12-2025, 124 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 · 1 filing

Deviation from the deadline

2024

124 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 124 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)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage