SERT LOGISTICS
ActiveThe computed 12-month bankruptcy probability of SERT LOGISTICS is 7.2% (elevated). The 2025 annual accounts show equity of €7k and a net result of €-5k. Equity is shrinking by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 4575 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+2
Solvency26=
Growth32=
Track record92
Bankruptcy probability, 12 months
7.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 1.0 against 1.0 in 2024; short-term debt: 99.5% and cash: 0% of total assets), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+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
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4575 sector peers (2025).
NBB · sector comparisonPosition among 4575 sector peers
Solvency
better than 15%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
5 d early
2022
59 d late
2021
143 d late
2020
215 d late
2019
174 d late
← before the deadline
after the deadline →
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
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€546k
EBIT margin
-2.2%
Net result
€-5k▲ 81.3%
2024 · €-24k
2018: €6k
2019: €-27k
2020: €4k
2021: €5k
2022: €18k
2023: €-20k
2024: €-24k
2018 → 2025
Working capital
€-920▼ 20.0%
2024 · €-767
2018: €16k
2019: €-2k
2020: €17k
2021: €23k
2022: €48k
2023: €25k
2024: €-767
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€56k▲ 48.5%€36k▼ 35.9%€12k▼ 67.8%€7k▼ 39.5%
Operating result€11k-€35k▲ 221%€-18k€-20k▼ 14.7%€-4k▲ 78.0%
Net result€5k-€18k▲ 278%€-20k€-24k▼ 21.0%€-5k▲ 81.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€8k▼ 35.8%
Current assets
€1.28M▲ 0.3%
Equity and liabilities €1.29M
Equity
€7k▼ 39.5%
Debt
€1.28M▲ 0.3%
The debt ratio rises from 99.1% to 99.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-66▲
2024 · €-17k
Cash flow
€-153▲
2024 · €-21k
Solvency
0.5%▼
2024 · 0.9%
Current ratio
1.00=
2024 · 1.00
Quick ratio
1.00=
2024 · 1.00
ROE
-65.2%▲
2024 · -211.0%
ROA
-0.4%▲
2024 · -1.9%
Interest coverage
-0.75▲
2024 · -4.26
Debt
€1.28M▲
2024 · €1.28M
Debt ≤ 1 year
€1.28M▲
2024 · €1.28M
A ratio outside any meaningful range has been withheld (balance sheet total €1.29M, equity €7k).
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€1.29M€1.29M▼
Fixed assets21/28€12k€8k▼
Tangible fixed assets22/27€10k€6k▼
Furniture and vehicles24€10k€6k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.28M€1.28M▲
Amounts receivable within one year40/41€1.28M€1.28M▲
Trade receivables40€97k€97k=
Other amounts receivable41€1.18M€1.19M▲
Cash at bank and in hand54/58€1€1▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.29M▼
Equity10/15€12k€7k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-9k€-13k▼
Amounts payable17/49€1.28M€1.28M▲
Amounts payable within one year42/48€1.28M€1.28M▲
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€1.20M€1.20M=
Taxes450/3€1.19M€1.19M=
Remuneration and social security454/9€6k€6k=
Other amounts payable47/48€84k€86k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€960-
Non-recurring operating charges66A€14k-
Gross operating margin9900€-2k€-66▲
Operating profit (loss)9901€-20k€-4k▲
Financial charges65/66B€4k€88▼
Recurring financial charges65€4k€88▼
Profit (loss) for the period before taxes9903€-24k€-5k▲
Profit (loss) for the period9904€-24k€-5k▲
Profit (loss) for the period to be appropriated9905€-24k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-13k▼
Profit (loss) brought forward from the previous period14P€16k€-9k▼
The notes to these accounts (6 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
13-06
KBO administration
Address struck
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Highest result since 2018net €18k ▲278%
Operating result €35k, net result €18k, both a record.
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 215 days late
2021
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 174 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet €-27k ▼541%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2016
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.
Keizerslaan 101000 BrusselGround area
816 m²
Building footprint
545 m²
Volume, LiDAR
11,574 m³
2 parcels, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Sert Logistics
since 20162.252.637.136
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 21372D0175/00D002 | Brussels | 145 m² | 1 · 57 m² | 9.3 m · 3 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.
Similar companies · same sector, comparable size
SPEEDY TRANSPORTS
BE 0714.996.797
Vorst · Eq €7k
TRANSPORT XAVIER BLOMME
BE 0429.287.059
Nieuwpoort · Eq €7k
BP EXPRESS
BE 0800.532.486
Tongeren-Borgloon · Eq €7k
AUTO PROGRESS
BE 0688.582.907
Dilbeek · Eq €7k
EAGLE GROUP TRANSPORT
BE 1019.970.935
Sint-Agatha-Berchem · Eq €7k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 3,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-04-2016
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.