SMART LOGISTICS
ActiveThe file of SMART LOGISTICS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The annual accounts of SMART LOGISTICS for fiscal year 2025 show a net loss of 70% of the equity at the start of that year. The computed 12-month bankruptcy probability is 3.5% (moderate). The 2025 annual accounts show equity of €20,464 and a net result of -€46,715. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 4709 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-84
Solvency39▼-36
Growth32▼-20
Track record85
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.74 against 1.2 in 2024; short-term debt: 86.3% and cash: 18.4% of total assets), and 86.3% of the assets are financed with debt.
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Signals
Six 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.7%
Return on assets
-31.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4709 sector peers (2025).
NBB · sector comparisonPosition among 4709 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
22 d early
2023
7 d early
2022
on the day
2021
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 24 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,464▼ 69.5%
2024 · €67,179
Total assets
€149,269▲ 10.4%
2024 · €135,201
Net result
-€46,715
2024 · €16,543
Working capital
-€33,000
2024 · €13,804
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,285-€13,235▼ 63.5%€16,602▲ 25.4%€21,679▲ 30.6%-€39,237
Net result€28,620above the sector's middle half-€9,869within the sector's middle half▼ 65.5%€12,146within the sector's middle half▲ 23.1%€16,543within the sector's middle half▲ 36.2%-€46,715below the sector's middle half
Equity€28,620within the sector's middle half-€38,489within the sector's middle half▲ 34.5%€50,635within the sector's middle half▲ 31.6%€67,179within the sector's middle half▲ 32.7%€20,464within the sector's middle half▼ 69.5%
Total assets€105,598within the sector's middle half-€109,934within the sector's middle half▲ 4.1%€81,637within the sector's middle half▼ 25.7%€135,201within the sector's middle half▲ 65.6%€149,269within the sector's middle half▲ 10.4%
Debt€76,978-€71,445▼ 7.2%€31,001▼ 56.6%€68,022▲ 119%€128,805▲ 89.4%
Working capital-€21,411below the sector's middle half--€30,287below the sector's middle half▼ 41.5%€18,827within the sector's middle half€13,804within the sector's middle half▼ 26.7%-€33,000below the sector's middle half
Solvency27.1%within the sector's middle half-35.0%within the sector's middle half▲ 7.9pp62.0%within the sector's middle half▲ 27.0pp49.7%within the sector's middle half▼ 12.3pp13.7%below the sector's middle half▼ 36.0pp
Current ratio0.72below the sector's middle half-0.58below the sector's middle half▼ 0.151.61within the sector's middle half▲ 1.031.20within the sector's middle half▼ 0.400.74within the sector's middle half▼ 0.46
Return on assets (ROA)27.1%above the sector's middle half-9.0%within the sector's middle half▼ 18.1pp14.9%within the sector's middle half▲ 5.9pp12.2%within the sector's middle half▼ 2.6pp-31.3%below the sector's middle half▼ 43.5pp
Staff (FTE)2-3.3▲ 65.0%3.5▲ 6.1%4.7▲ 34.3%3.3▼ 29.8%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39,237 after €21,679 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,269
Fixed assets
€53,464 ▲ 0.2%
Current assets
€95,805 ▲ 17.1%
Equity and liabilities €149,269
Equity
€20,464 ▼ 69.5%
Debt
€128,805 ▲ 89.4%
Debt's share of the balance-sheet total rises from 50.3% to 86.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€24,326▼
2024 · €37,112
Cash flow
-€31,804▼
2024 · €31,977
Debt to equity
6.29▲
2024 · 1.01
ROE
-228.3%▼
2024 · 24.6%
Interest coverage
-3.49▼
2024 · 85.30
Debt ≤ 1 year
€128,805▲
2024 · €68,022
Income taxes
€1,355▼
2024 · €4,843
Staff costs
€337,633▲
2024 · €173,093
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,135 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.5%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €99,151 | €106,026 | €173,093 | €337,633 | ▲ 95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,035 | €8,756 | €4,768 | €15,433 | €14,910 | ▼ 3.4% |
| Other operating charges640/8 | - | €718 | €9,139 | €1,631 | €3,110 | ▲ 90.6% |
| Non-recurring operating charges66A | - | - | €32,201 | - | - | - |
| Gross operating margin9900 | €113,810 | €121,860 | €168,734 | €211,836 | €316,416 | ▲ 49.4% |
| Operating profit (loss)9901 | €36,285 | €13,235 | €16,602 | €21,679 | -€39,237 | ▼ 281% |
| Financial income75/76B | - | €0 | €0 | €143 | €849 | ▲ 493% |
| Recurring financial income75 | €879 | €0 | €0 | €143 | €849 | ▲ 493% |
| Financial charges65/66B | - | €751 | €725 | €435 | €6,973 | ▲ 1,503% |
| Recurring financial charges65 | €92 | €751 | €725 | €435 | €6,973 | ▲ 1,503% |
| Profit (loss) for the period before taxes9903 | €37,072 | €12,484 | €15,877 | €21,387 | -€45,360 | ▼ 312% |
| Income taxes67/77 | €8,452 | €2,616 | €3,731 | €4,843 | €1,355 | ▼ 72.0% |
| Profit (loss) for the period9904 | €28,620 | €9,869 | €12,146 | €16,543 | -€46,715 | ▼ 382% |
| Profit (loss) for the period to be appropriated9905 | €28,620 | €9,869 | €12,146 | €16,543 | -€46,715 | ▼ 382% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,598 | €109,934 | €81,637 | €135,201 | €149,269 | ▲ 10.4% |
| Fixed assets21/28 | €50,031 | €68,776 | €31,808 | €53,374 | €53,464 | ▲ 0.2% |
| Tangible fixed assets22/27 | €30,651 | €44,396 | €7,428 | €28,994 | €14,084 | ▼ 51.4% |
| Plant, machinery and equipment23 | - | €51 | - | - | - | - |
| Furniture and vehicles24 | - | €44,345 | €7,428 | €28,994 | €14,084 | ▼ 51.4% |
| Financial fixed assets28 | €19,380 | €24,380 | €24,380 | €24,380 | €39,380 | ▲ 61.5% |
| Current assets29/58 | €55,567 | €41,158 | €49,829 | €81,827 | €95,805 | ▲ 17.1% |
| Amounts receivable within one year40/41 | €38,925 | €24,522 | €35,195 | €52,779 | €61,719 | ▲ 16.9% |
| Trade receivables40 | - | €5,538 | €35,195 | €52,779 | €61,719 | ▲ 16.9% |
| Other amounts receivable41 | - | €18,985 | - | - | - | - |
| Cash at bank and in hand54/58 | €16,642 | €16,091 | €14,400 | €26,896 | €27,528 | ▲ 2.4% |
| Deferred charges and accrued income490/1 | - | €546 | €235 | €2,152 | €6,557 | ▲ 205% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,598 | €109,934 | €81,637 | €135,201 | €149,269 | ▲ 10.4% |
| Equity10/15 | €28,620 | €38,489 | €50,635 | €67,179 | €20,464 | ▼ 69.5% |
| Profit (loss) carried forward14 | €28,620 | €38,489 | €50,635 | €67,179 | €20,464 | ▼ 69.5% |
| Amounts payable17/49 | €76,978 | €71,445 | €31,001 | €68,022 | €128,805 | ▲ 89.4% |
| Amounts payable within one year42/48 | €76,978 | €71,445 | €31,001 | €68,022 | €128,805 | ▲ 89.4% |
| Trade debts44 | €56,207 | €16,835 | €6,622 | €34,636 | €48,809 | ▲ 40.9% |
| Suppliers440/4 | - | €16,835 | €6,622 | €34,636 | €48,809 | ▲ 40.9% |
| Taxes, remuneration and social security45 | - | €29,122 | €24,017 | €33,024 | €49,350 | ▲ 49.4% |
| Taxes450/3 | - | €22,119 | €12,010 | €17,740 | €20,814 | ▲ 17.3% |
| Remuneration and social security454/9 | - | €7,003 | €12,008 | €15,284 | €28,536 | ▲ 86.7% |
| Other amounts payable47/48 | - | €25,489 | €362 | €362 | €30,647 | ▲ 8,362% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,620 | €9,869 | €12,146 | €16,543 | -€46,715 | ▼ 382% |
| + Depreciation and write-downs630 | €10,035 | €8,756 | €4,768 | €15,433 | €14,910 | ▼ 3.4% |
| Operating cash flow (approximation) | €38,655 | €18,624 | €16,914 | €31,977 | -€31,804 | ▼ 199% |
| Investment in fixed assets (approximation) | - | -€27,500 | €32,201 | -€37,000 | -€15,000 | ▲ 59.5% |
| Change in cash | - | -€551 | -€1,691 | €12,496 | €633 | ▼ 94.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 20-11-2025
22-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-10-2025
30-06
Financial
Weakest financial yearnet -€46,715
Net result drops to -€46,715, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity triplescurrent ratio 1.61
Current ratio from 0.58 to 1.61; short-term debt falls from €71,445 to €31,001.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2020
Ground area
5,318 m²
Building footprint
5,501 m²
Volume, LiDAR
32,823 m³
2 parcels, Flanders · tallest building 19.3 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
SMART LOGISTICS
since 20202.301.795.152
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0773/00T004 | Flanders | 3,899 m² | 1 · 4,663 m² | 19.3 m · 2 fl. |
| 11344A0523/00L018 | Flanders | 1,419 m² | 1 · 838 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY VANHOUCKE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
16-10-2025 → 20-11-2025 |
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 5,008 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2020
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
49330On-demand passenger transport by chauffeured vehicle
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740894017
Also
9925:BE0740894017
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.