SystemPlusLogisticService
ActiveSummary
SystemPlusLogisticService has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €5.5m and a net result of €1.3m. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 65% of 74 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability80▼-2
Solvency82▲+5
Growth71=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410,000 at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.08 in 2025; short-term debt: 43.1% and cash: 19.1% of total assets), and 43.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
56.6%
Return on assets
13.1%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
38 d early
2025
29 d early
2024
31 d early
2023
14 d early
2022
6 d early
2021
12 d early
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 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 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, full schema
In the rankings
#2 oldest company in Genk, Transport and storage sector#9 fastest grower in Genk, Transport and storage sector
Turnover
€11.8m▲ 10.0%
2025 · €10.8m
EBIT margin
12.6%▼ 0.3pp
2025 · 12.9%
Net result
€1.3m▲ 7.1%
2025 · €1.2m
Working capital
€5.5m▲ 30.7%
2025 · €4.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€7.6m▲ 21.4%€9.0m▲ 17.4%€8.7m▼ 2.5%€10.8m▲ 23.1%€11.8m▲ 10.0%
Operating result€947,761▲ 243%€1.0m▲ 5.5%€874,086▼ 12.6%€1.4m▲ 59.3%€1.5m▲ 7.6%
Net result€713,477▲ 220%€794,772▲ 11.4%€791,505▼ 0.4%€1.2m▲ 49.6%€1.3m▲ 7.1%
EBIT margin12.4%▲ 8.0pp11.2%▼ 1.3pp10.0%▼ 1.2pp12.9%▲ 2.9pp12.6%▼ 0.3pp
Equity€3.6m▲ 24.5%€3.4m▼ 5.7%€3.5m▲ 2.7%€4.2m▲ 19.5%€5.5m▲ 30.2%
Total assets€5.7m▲ 37.1%€6.7m▲ 16.4%€6.8m▲ 1.4%€8.1m▲ 19.4%€9.7m▲ 19.4%
Debt€2.1m▲ 66.1%€3.2m▲ 53.1%€3.3m▲ 0.7%€3.9m▲ 19.0%€4.2m▲ 7.9%
Working capital€3.6m▲ 24.6%€3.4m▼ 6.4%€3.5m▲ 2.4%€4.2m▲ 20.3%€5.5m▲ 30.7%
Staff (FTE)10.7▲ 11.5%11.6▲ 8.4%12.5▲ 7.8%13.1▲ 4.8%13.9▲ 6.1%
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 8% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €9.7m
Fixed assets
€16,074 ▼ 39.2%
Current assets
€9.6m ▲ 19.6%
Equity and liabilities €9.7m
Equity
€5.5m ▲ 30.2%
Provisions
€10,276 ▼ 35.4%
Debt
€4.2m ▲ 7.9%
Debt's share of the balance-sheet total falls from 47.9% to 43.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.5m▲
2025 · €1.4m
Cash flow
€1.3m▲
2025 · €1.2m
Current ratio
2.31▲
2025 · 2.08
Quick ratio
2.31▲
2025 · 2.08
Debt to equity
0.76▼
2025 · 0.92
ROE
23.2%▼
2025 · 28.2%
ROA
13.1%▼
2025 · 14.6%
Interest coverage
5665.21▼
2025 · 701404.50
Debt ≤ 1 year
€4.2m▲
2025 · €3.9m
Income taxes
€427,538▲
2025 · €416,340
Staff costs
€1.2m▲
2025 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.2m | €9.5m | €9.4m | €11.5m | €12.7m | ▲ 10.8% |
| Turnover70 | €7.6m | €9.0m | €8.7m | €10.8m | €11.8m | ▲ 10.0% |
| Other operating income74 | €514,024 | €572,001 | €601,049 | €696,502 | €855,270 | ▲ 22.8% |
| Non-recurring operating income76A | €11,683 | €5,200 | €8,258 | - | - | - |
| Operating charges60/66A | €7.2m | €8.5m | €8.5m | €10.1m | €11.2m | ▲ 11.2% |
| Goods for resale, raw materials and consumables60 | €5.8m | €6.9m | €6.7m | €8.1m | €9.0m | ▲ 10.5% |
| Purchases600/8 | €5.8m | €6.9m | €6.7m | €8.1m | €9.0m | ▲ 10.5% |
| Services and other goods61 | €652,493 | €757,595 | €783,631 | €835,541 | €1.0m | ▲ 20.4% |
| Remuneration, social security and pensions62 | €715,251 | €853,124 | €1.0m | €1.1m | €1.2m | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,419 | €6,695 | €10,331 | €10,349 | €10,349 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€229 | €14,321 | -€6,391 | €4,943 | €8,710 | ▲ 76.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €25,774 | -€19,558 | €9,701 | -€5,641 | ▼ 158% |
| Other operating charges640/8 | €4,970 | €14,787 | €7,430 | €13,024 | €15,518 | ▲ 19.1% |
| Operating profit (loss)9901 | €947,761 | €1.0m | €874,086 | €1.4m | €1.5m | ▲ 7.6% |
| Financial income75/76B | €50,899 | €115,587 | €214,833 | €213,632 | €206,259 | ▼ 3.5% |
| Recurring financial income75 | €50,899 | €115,587 | €214,833 | €213,632 | €206,259 | ▼ 3.5% |
| Income from current assets751 | €43,685 | €107,459 | €213,986 | €212,347 | €203,666 | ▼ 4.1% |
| Other financial income752/9 | €7,214 | €8,128 | €846 | €1,285 | €2,593 | ▲ 102% |
| Financial charges65/66B | €21,688 | €30,340 | €18,713 | €5,340 | €8,167 | ▲ 53.0% |
| Recurring financial charges65 | €21,688 | €30,340 | €18,713 | €5,340 | €8,167 | ▲ 53.0% |
| Debt charges650 | €1,001 | €1,857 | €611 | €2 | €266 | ▲ 13,214% |
| Other financial charges652/9 | €20,687 | €28,483 | €18,101 | €5,338 | €7,901 | ▲ 48.0% |
| Profit (loss) for the period before taxes9903 | €976,972 | €1.1m | €1.1m | €1.6m | €1.7m | ▲ 6.0% |
| Income taxes67/77 | €263,494 | €290,574 | €278,700 | €416,340 | €427,538 | ▲ 2.7% |
| Taxes670/3 | €263,494 | €290,574 | €278,700 | €425,953 | €430,247 | ▲ 1.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €9,614 | €2,709 | ▼ 71.8% |
| Profit (loss) for the period9904 | €713,477 | €794,772 | €791,505 | €1.2m | €1.3m | ▲ 7.1% |
| Transfer from tax-exempt reserves789 | €356,500 | - | €280,000 | €504,725 | - | - |
| Transfer to tax-exempt reserves689 | €315,750 | - | €265,230 | €210,500 | €378,900 | ▲ 80.0% |
| Profit (loss) for the period to be appropriated9905 | €754,227 | €794,772 | €806,275 | €1.5m | €889,781 | ▼ 39.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €6.7m | €6.8m | €8.1m | €9.7m | ▲ 19.4% |
| Fixed assets21/28 | €12,647 | €47,104 | €36,772 | €26,423 | €16,074 | ▼ 39.2% |
| Intangible fixed assets21 | €9,692 | €45,404 | €35,072 | €24,723 | €14,374 | ▼ 41.9% |
| Tangible fixed assets22/27 | €1,255 | - | - | - | - | - |
| Furniture and vehicles24 | €1,255 | - | - | - | - | - |
| Financial fixed assets28 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Other financial fixed assets284/8 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Amounts receivable and cash guarantees285/8 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Current assets29/58 | €5.7m | €6.6m | €6.7m | €8.1m | €9.6m | ▲ 19.6% |
| Stocks and contracts in progress3 | - | - | - | €8 | €8 | = |
| Stocks30/36 | - | - | - | €8 | €8 | = |
| Raw materials and consumables30/31 | - | - | - | €8 | €8 | = |
| Amounts receivable within one year40/41 | €5.0m | €4.8m | €5.4m | €6.0m | €7.7m | ▲ 29.2% |
| Trade receivables40 | €1.5m | €1.2m | €1.7m | €2.1m | €2.1m | ▲ 1.1% |
| Other amounts receivable41 | €3.5m | €3.5m | €3.7m | €3.9m | €5.6m | ▲ 44.0% |
| Cash at bank and in hand54/58 | €757,704 | €1.9m | €1.3m | €2.1m | €1.8m | ▼ 10.9% |
| Deferred charges and accrued income490/1 | €8,252 | €8,830 | €1,533 | €4,300 | €61,911 | ▲ 1,340% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €6.7m | €6.8m | €8.1m | €9.7m | ▲ 19.4% |
| Equity10/15 | €3.6m | €3.4m | €3.5m | €4.2m | €5.5m | ▲ 30.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.2m | €1.0m | €1.1m | €1.3m | €1.7m | ▲ 29.0% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €847,875 | €847,875 | €833,105 | €538,880 | €917,780 | ▲ 70.3% |
| Distributable reserves133 | €356,500 | €151,272 | €257,548 | €759,348 | €759,348 | = |
| Profit (loss) carried forward14 | €2.4m | €2.4m | €2.4m | €2.8m | €3.7m | ▲ 31.4% |
| Provisions and deferred taxes16 | - | €25,774 | €6,216 | €15,917 | €10,276 | ▼ 35.4% |
| Provisions for liabilities and charges160/5 | - | €25,774 | €6,216 | €15,917 | €10,276 | ▼ 35.4% |
| Pensions and similar obligations160 | - | €25,774 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €6,216 | €15,917 | €10,276 | ▼ 35.4% |
| Amounts payable17/49 | €2.1m | €3.2m | €3.3m | €3.9m | €4.2m | ▲ 7.9% |
| Amounts payable within one year42/48 | €2.1m | €3.2m | €3.3m | €3.9m | €4.2m | ▲ 7.5% |
| Trade debts44 | €1.4m | €1.6m | €1.8m | €2.9m | €3.7m | ▲ 26.4% |
| Suppliers440/4 | €1.4m | €1.6m | €1.8m | €2.9m | €3.7m | ▲ 26.4% |
| Taxes, remuneration and social security45 | €345,921 | €518,074 | €481,106 | €468,719 | €267,860 | ▼ 42.9% |
| Taxes450/3 | €187,119 | €325,317 | €260,504 | €235,666 | €12,670 | ▼ 94.6% |
| Remuneration and social security454/9 | €158,802 | €192,757 | €220,602 | €233,053 | €255,190 | ▲ 9.5% |
| Other amounts payable47/48 | €333,103 | €1.2m | €937,654 | €505,227 | €231,061 | ▼ 54.3% |
| Accrued charges and deferred income492/3 | €20,076 | - | €17 | €1,339 | €15,600 | ▲ 1,065% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €713,477 | €794,772 | €791,505 | €1.2m | €1.3m | ▲ 7.1% |
| + Depreciation and write-downs630 | €1,419 | €6,695 | €10,331 | €10,349 | €10,349 | = |
| Operating cash flow (approximation) | €714,897 | €801,467 | €801,837 | €1.2m | €1.3m | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | -€41,152 | €0 | €0 | €0 | - |
| Change in cash | - | €1.1m | -€528,754 | €742,155 | -€226,123 | ▼ 130% |
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 2027, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Highest result since 2019net €1.3m ▲7.1%
Operating result €1.5m, net result €1.3m, both a record.
31-03
Financial
Equity above €5mEq €5.5m ▲30.2%
8 profitable years in a row build equity to €5.5m.
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet €223,191 ▼53.4%
Net result drops to €223,191, the lowest in the series; recovery starts the following year.
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
19 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, Genk · 1 establishment unit since 1995
Ground area
5.1 ha
Building footprint
8,396 m²
Volume, LiDAR
14,376 m³
Parcel 71304D1238/00T012, Flanders · tallest building 16.7 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Mainfreight Express Belgium
since 19952.000.373.392
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1238/00T012 | Flanders | 5.1 ha | 1 · 8,396 m² | 16.7 m |
Linked by address, not proof of ownership
Good to know
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
EMANUEL SPRIET
BE 0474.185.983
Zwevegem · Eq €5,463,587
TRANSPORT VANSCHOONBEEK - MATTERNE
BE 0429.009.719
Sint-Truiden · Eq €5,492,466
Transport De Swaef
BE 0400.024.733
Gent · Eq €5,437,966
Macotruck
BE 0403.596.907
Brugge · Eq €5,427,769
GTT Automotive
BE 0471.572.329
Pelt · Eq €5,509,610
Of 12,584 companies in sector 49410 we hold annual accounts for 8,197. 1,660 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-05-1964
Fiscal year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.