SHUTTLE BRIDGE LOGISTICS
ActiveSummary
SHUTTLE BRIDGE LOGISTICS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €42k. Equity is shrinking by ~23.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 960 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+49
Solvency34▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.75 in 2024; short-term debt: 91.2% and cash: 39.1% of total assets), and 91.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 · 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
8.8%
Return on assets
8.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 960 sector peers (2025).
NBB · sector comparisonPosition among 960 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
77 d early
2023
36 d early
2022
161 d late
2021
543 d late
2020
886 d late
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▲ 13,099%
2024 · €320
2020: €-2k
2021: €-2k
2022: €-2k
2023: €-6k
2024: €320
2020 → 2025
Working capital
€-102k▲ 25.3%
2024 · €-136k
2018: €12k
2019: €12k
2020: €10k
2021: €8k
2022: €6k
2023: €-149
2024: €-136k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€6k▼ 23.3%€-149€171€42k▲ 24,752%
Operating result€-2k-€-2k▲ 28.4%€-6k▼ 245%€3k€60k▲ 2,006%
Net result€-2k-€-2k▲ 26.5%€-6k▼ 237%€320€42k▲ 13,099%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,006% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479k
Fixed assets
€144k ▲ 5.8%
Current assets
€335k ▼ 15.8%
Equity and liabilities €479k
Equity
€42k ▲ 24,752%
Debt
€437k ▼ 18.2%
Debt's share of the balance-sheet total falls from 100.0% to 91.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €4k
Cash flow
€44k▲
2024 · €1k
Current ratio
0.77▲
2024 · 0.75
Debt to equity
10.31
ROE
99.6%
ROA
8.8%▲
2024 · 0.1%
Interest coverage
17.20▲
2024 · 1.43
Debt ≤ 1 year
€437k▼
2024 · €534k
Income taxes
€15k▲
2024 · €60
Staff costs
€103k▲
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€534k€479k▼
Fixed assets21/28€136k€144k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€132k€140k▲
Current assets29/58€398k€335k▼
Amounts receivable within one year40/41€88k€147k▲
Trade receivables40€79k€106k▲
Other amounts receivable41€9k€41k▲
Cash at bank and in hand54/58€310k€187k▼
Deferred charges and accrued income490/1-€520
Equity and liabilities
Total equity and liabilities10/49€534k€479k▼
Equity10/15€171€42k▲
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-12k€30k▲
Amounts payable17/49€534k€437k▼
Amounts payable within one year42/48€534k€437k▼
Trade debts44€88k€106k▲
Suppliers440/4€88k€106k▲
Taxes, remuneration and social security45€5k€19k▲
Taxes450/3€60€10k▲
Remuneration and social security454/9€5k€9k▲
Other amounts payable47/48€441k€312k▼
Income statement
Code20242025
Remuneration, social security and pensions62€37k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€691€2k▲
Other operating charges640/8€200€100▼
Gross operating margin9900€41k€165k▲
Operating profit (loss)9901€3k€60k▲
Financial income75/76B-€716
Recurring financial income75-€716
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€379€58k▲
Income taxes67/77€60€15k▲
Profit (loss) for the period9904€320€42k▲
Profit (loss) for the period to be appropriated9905€320€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€30k▲
Profit (loss) brought forward from the previous period14P€-13k€-12k▲
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €42k ▲13099%
Operating result €60k, net result €42k, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €320
Net result €320 after 4 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 543 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 161 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 886 days late
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial 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, Grâce-Hollogne · 1 establishment unit since 2018
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.
Chaussée de Liège 1454460 Grâce-HollogneGround area
875 m²
Building footprint
70 m²
Volume, LiDAR
549 m³
Parcel 62054A0077/00Y000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SHUTTLE BRIDGE LOGISTICS
since 20182.285.345.734
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62054A0077/00Y000 | Wallonia | 875 m² | 1 · 70 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
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SORVAN
BE 1006.569.097
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Getron Logistics
BE 0877.733.204
Tessenderlo-Ham · Eq €40k
Of 355 companies in sector 52249 we hold annual accounts for 266. 108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
52249Warehousing and support activities for transportation
52250Logistics services
49410Freight transport by road
51210Air transport
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.