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SystemPlusLogisticService

Active
Public limited companyfounded 1964active for 62 yearsGeleenlaan 33, 3600 Genk, BelgiumKBO/BCE: BE 0404.535.629
Summary

SystemPlusLogisticService has been active since 1964 and the Belgian Official 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 about 11% per year across the filed financial years. Its solvency ranks better than 58% of 33 sector peers (NACE 49, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

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SystemPlusLogisticServiceActiveChecked score 97/100
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Overview

Activity
Freight transport by road
NACE 49410
2nd oldest company in Genk, Transport and storage sector1 site
Size
€11.8mturnover 2026
Staff
13.9 FTE
Equity
€5.5m
Profit
€1.3m
Financial health
97 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
Mainfreight LTD
Auditor: Ernst et Young Reviseurs d'Entreprises2026 accounts 38 days early2 of 19 deeds summarised
Why 97raises riskSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 1964Liquidity: current ratio 2.31, cash €1.8mEquity €5.5m (56.6% of total assets)Show the evidence

Checked score

Score 2026
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 74% of its sector peers (NACE 49, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2025
Strong
Solvency 82+5
equity 56.6% of total assets
Liquidity 53-5
short-term debt 43.1% · cash 19.1%
Profitability 80-2
return on assets 13.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,181 companies, NACE 49, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.31, compared with 2.08 in 2025, above the usual 1.5; short-term debt: 43.1% and cash: 19.1% of total assets), and 43.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small): better than 73% on solvency, 66% on liquidity, 78% on profitability and 80% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1964
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Liquidity: current ratio 2.31, cash €1.8m
NBB · annual accounts
lowers risk · Equity €5.5m (56.6% of total assets)
NBB · annual accounts
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 filings
Deviation from the deadline
2026
38 days early
2025
29 days early
2024
31 days early
2023
14 days early
2022
6 days early
2021
12 days early
2020
8 days 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 (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 2 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Highest result from 2019 to 2026net €1.3m ▲7.1%
  3. Equity above €5mequity €5.5m ▲30.2%

Financials · financial year 2026, full format

In the rankings #2 oldest company in Genk, Transport and storage sector#10 company by staff growth 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

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€11.8m 2026 Operating result€1.5m 2026 Net result€1.3m 2026

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Turnover€7.1m-€6.9m▼ 2.7%€6.3m▼ 8.8%€7.6m▲ 21.4%€9.0m▲ 17.4%€8.7m▼ 2.5%€10.8m▲ 23.1%€11.8m▲ 10.0%
Operating result€0.6m-€0.6m▲ 16.9%€0.3m▼ 57.2%€0.9m▲ 243%€1.0m▲ 5.5%€0.9m▼ 12.6%€1.4m▲ 59.3%€1.5m▲ 7.6%
Net result€0.4m-€0.5m▲ 16.9%€0.2mabove the sector's middle half▼ 53.4%€0.7mabove the sector's middle half▲ 220%€0.8mabove the sector's middle half▲ 11.4%€0.8mabove the sector's middle half▼ 0.4%€1.2mabove the sector's middle half▲ 49.6%€1.3m▲ 7.1%
EBIT margin7.8%-9.4%▲ 1.6pp4.4%▼ 5.0pp12.4%▲ 8.0pp11.2%▼ 1.3pp10.0%▼ 1.2pp12.9%▲ 2.9pp12.6%▼ 0.3pp
Equity€2.2m-€2.7m▲ 21.7%€2.9mabove the sector's middle half▲ 8.3%€3.6mabove the sector's middle half▲ 24.5%€3.4mabove the sector's middle half▼ 5.7%€3.5mabove the sector's middle half▲ 2.7%€4.2mabove the sector's middle half▲ 19.5%€5.5m▲ 30.2%
Total assets€3.6m-€3.8m▲ 8.0%€4.2mwithin the sector's middle half▲ 8.9%€5.7mabove the sector's middle half▲ 37.1%€6.7mabove the sector's middle half▲ 16.4%€6.8mwithin the sector's middle half▲ 1.4%€8.1mwithin the sector's middle half▲ 19.4%€9.7m▲ 19.4%
Debt€1.3m-€1.2m▼ 14.6%€1.3m▲ 10.5%€2.1m▲ 66.1%€3.2m▲ 53.1%€3.3m▲ 0.7%€3.9m▲ 19.0%€4.2m▲ 7.9%
Working capital€2.2m-€2.7m▲ 21.4%€2.9mabove the sector's middle half▲ 7.6%€3.6mabove the sector's middle half▲ 24.6%€3.4mabove the sector's middle half▼ 6.4%€3.5mabove the sector's middle half▲ 2.4%€4.2mabove the sector's middle half▲ 20.3%€5.5m▲ 30.7%
Solvency62.1%-70.0%▲ 7.9pp69.6%above the sector's middle half▼ 0.4pp63.2%above the sector's middle half▼ 6.4pp51.2%within the sector's middle half▼ 12.0pp51.8%within the sector's middle half▲ 0.6pp51.9%within the sector's middle half=56.6%▲ 4.7pp
Current ratio2.69-3.41▲ 0.723.31above the sector's middle half▼ 0.102.74above the sector's middle half▼ 0.572.05within the sector's middle half▼ 0.692.07within the sector's middle half▲ 0.022.08within the sector's middle half▲ 0.012.31▲ 0.23
Return on assets (ROA)11.5%-12.5%▲ 1.0pp5.3%within the sector's middle half▼ 7.1pp12.4%above the sector's middle half▲ 7.1pp11.9%above the sector's middle half▼ 0.5pp11.7%above the sector's middle half▼ 0.2pp14.6%above the sector's middle half▲ 3.0pp13.1%▼ 1.5pp
Staff (FTE)11.3-10.3▼ 8.8%9.6within the sector's middle half▼ 6.8%10.7within the sector's middle half▲ 11.5%11.6within the sector's middle half▲ 8.4%12.5within the sector's middle half▲ 7.8%13.1within the sector's middle half▲ 4.8%13.9▲ 6.1%
above within below the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
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
2026 value · change against 2025
EBITDA
€1.5m▲
2025 · €1.4m
Cash flow
€1.3m▲
2025 · €1.2m
Quick ratio
2.31▲
2025 · 2.08
Debt to equity
0.76▼
2025 · 0.92
ROE
23.2%▼
2025 · 28.2%
Interest coverage
over 100
2025 · over 100
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.

Peer companies

Historical observation

Of the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,139 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 74 lines
Balance sheet Code20252026
Assets
Total assets20/58€8.1m€9.7m▲
Fixed assets21/28€0.03m€0.02m▼
Intangible fixed assets21€0.02m€0.01m▼
Financial fixed assets28€0.002m€0.002m=
Other financial fixed assets284/8€0.002m€0.002m=
Amounts receivable and cash guarantees285/8€0.002m€0.002m=
Current assets29/58€8.1m€9.6m▲
Stocks and contracts in progress3€8€8=
Stocks30/36€8€8=
Raw materials and consumables30/31€8€8=
Amounts receivable within one year40/41€6.0m€7.7m▲
Trade receivables40€2.1m€2.1m▲
Other amounts receivable41€3.9m€5.6m▲
Cash at bank and in hand54/58€2.1m€1.8m▼
Deferred charges and accrued income490/1€0.004m€0.06m▲
Equity and liabilities
Total equity and liabilities10/49€8.1m€9.7m▲
Equity10/15€4.2m€5.5m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€1.3m€1.7m▲
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Tax-exempt reserves132€0.5m€0.9m▲
Distributable reserves133€0.8m€0.8m=
Profit (loss) carried forward14€2.8m€3.7m▲
Provisions and deferred taxes16€0.02m€0.01m▼
Provisions for liabilities and charges160/5€0.02m€0.01m▼
Other liabilities and charges164/5€0.02m€0.01m▼
Amounts payable17/49€3.9m€4.2m▲
Amounts payable within one year42/48€3.9m€4.2m▲
Trade debts44€2.9m€3.7m▲
Suppliers440/4€2.9m€3.7m▲
Taxes, remuneration and social security45€0.5m€0.3m▼
Taxes450/3€0.2m€0.01m▼
Remuneration and social security454/9€0.2m€0.3m▲
Other amounts payable47/48€0.5m€0.2m▼
Accrued charges and deferred income492/3€0.001m€0.02m▲
Income statement Code20252026
Operating income70/76A€11.5m€12.7m▲
Turnover70€10.8m€11.8m▲
Other operating income74€0.7m€0.9m▲
Operating charges60/66A€10.1m€11.2m▲
Goods for resale, raw materials and consumables60€8.1m€9.0m▲
Purchases600/8€8.1m€9.0m▲
Services and other goods61€0.8m€1.0m▲
Remuneration, social security and pensions62€1.1m€1.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.01m=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.005m€0.009m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.01m-€0.006m▼
Other operating charges640/8€0.01m€0.02m▲
Operating profit (loss)9901€1.4m€1.5m▲
Financial income75/76B€0.2m€0.2m▼
Recurring financial income75€0.2m€0.2m▼
Income from current assets751€0.2m€0.2m▼
Other financial income752/9€0.001m€0.003m▲
Financial charges65/66B€0.005m€0.008m▲
Recurring financial charges65€0.005m€0.008m▲
Debt charges650€2€266▲
Other financial charges652/9€0.005m€0.008m▲
Profit (loss) for the period before taxes9903€1.6m€1.7m▲
Income taxes67/77€0.4m€0.4m▲
Taxes670/3€0.4m€0.4m▲
Tax adjustments and reversals of tax provisions77€0.01m€0.003m▼
Profit (loss) for the period9904€1.2m€1.3m▲
Transfer from tax-exempt reserves789€0.5m-
Transfer to tax-exempt reserves689€0.2m€0.4m▲
Profit (loss) for the period to be appropriated9905€1.5m€0.9m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.8m€3.7m▼
Profit (loss) brought forward from the previous period14P€2.4m€2.8m▲
Transfer to equity691/2€0.5m-
To other reserves6921€0.5m-
Profit to be distributed694/7€0.5m-
Return on contributions (dividend)694€0.5m-
Social balance sheet
Average headcount (FTE)908713.113.9▲

The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Operating income70/76A---€8.2m€9.5m€9.4m€11.5m€12.7m▲ 10.8%
Turnover70€7.1m€6.9m€6.3m€7.6m€9.0m€8.7m€10.8m€11.8m▲ 10.0%
Other operating income74---€0.5m€0.6m€0.6m€0.7m€0.9m▲ 22.8%
Non-recurring operating income76A---€0.01m€0.005m€0.008m---
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---€0.7m€0.8m€0.8m€0.8m€1.0m▲ 20.4%
Remuneration, social security and pensions62---€0.7m€0.9m€1.0m€1.1m€1.2m▲ 10.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0.001m€0.001m€0.001m€0.007m€0.01m€0.01m€0.01m=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€229€0.01m-€0.006m€0.005m€0.009m▲ 76.2%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.03m-€0.02m€0.01m-€0.006m-
Other operating charges640/8---€0.005m€0.01m€0.007m€0.01m€0.02m▲ 19.1%
Operating profit (loss)9901€0.6m€0.6m€0.3m€0.9m€1.0m€0.9m€1.4m€1.5m▲ 7.6%
Financial income75/76B---€0.05m€0.1m€0.2m€0.2m€0.2m▼ 3.5%
Recurring financial income75€0.06m€0.06m€0.04m€0.05m€0.1m€0.2m€0.2m€0.2m▼ 3.5%
Income from current assets751---€0.04m€0.1m€0.2m€0.2m€0.2m▼ 4.1%
Other financial income752/9---€0.007m€0.008m€0.001m€0.001m€0.003m▲ 102%
Financial charges65/66B---€0.02m€0.03m€0.02m€0.005m€0.008m▲ 53.0%
Recurring financial charges65€0.01m€0.009m€0.007m€0.02m€0.03m€0.02m€0.005m€0.008m▲ 53.0%
Debt charges650€0.002m€0.002m€0.001m€0.001m€0.002m€0.001m€2€266▲ 133×
Other financial charges652/9---€0.02m€0.03m€0.02m€0.005m€0.008m▲ 48.0%
Profit (loss) for the period before taxes9903€0.6m€0.7m€0.3m€1.0m€1.1m€1.1m€1.6m€1.7m▲ 6.0%
Income taxes67/77€0.2m€0.2m€0.09m€0.3m€0.3m€0.3m€0.4m€0.4m▲ 2.7%
Taxes670/3---€0.3m€0.3m€0.3m€0.4m€0.4m▲ 1.0%
Tax adjustments and reversals of tax provisions77------€0.01m€0.003m▼ 71.8%
Profit (loss) for the period9904€0.4m€0.5m€0.2m€0.7m€0.8m€0.8m€1.2m€1.3m▲ 7.1%
Transfer from tax-exempt reserves789---€0.4m-€0.3m€0.5m--
Transfer to tax-exempt reserves689---€0.3m-€0.3m€0.2m€0.4m▲ 80.0%
Profit (loss) for the period to be appropriated9905€0.2m€0.2m€0.1m€0.8m€0.8m€0.8m€1.5m€0.9m▼ 39.8%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€3.6m€3.8m€4.2m€5.7m€6.7m€6.8m€8.1m€9.7m▲ 19.4%
Fixed assets21/28€0.007m€0.005m€0.004m€0.01m€0.05m€0.04m€0.03m€0.02m▼ 39.2%
Intangible fixed assets21---€0.01m€0.05m€0.04m€0.02m€0.01m▼ 41.9%
Tangible fixed assets22/27€0.005m€0.004m€0.003m€0.001m-----
Furniture and vehicles24---€0.001m-----
Financial fixed assets28€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Other financial fixed assets284/8---€0.002m€0.002m€0.002m€0.002m€0.002m=
Amounts receivable and cash guarantees285/8---€0.002m€0.002m€0.002m€0.002m€0.002m=
Current assets29/58€3.6m€3.8m€4.2m€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€3.2m€3.5m€3.5m€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€0.4m€0.3m€0.6m€0.8m€1.9m€1.3m€2.1m€1.8m▼ 10.9%
Deferred charges and accrued income490/1---€0.008m€0.009m€0.002m€0.004m€0.06m▲ 14×
Equity and liabilities
Total equity and liabilities10/49€3.6m€3.8m€4.2m€5.7m€6.7m€6.8m€8.1m€9.7m▲ 19.4%
Equity10/15€2.2m€2.7m€2.9m€3.6m€3.4m€3.5m€4.2m€5.5m▲ 30.2%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€0.6m€0.8m€0.9m€1.2m€1.0m€1.1m€1.3m€1.7m▲ 29.0%
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m€0.006m=
Legal reserve130---€0.006m€0.006m€0.006m€0.006m€0.006m=
Tax-exempt reserves132---€0.8m€0.8m€0.8m€0.5m€0.9m▲ 70.3%
Distributable reserves133---€0.4m€0.2m€0.3m€0.8m€0.8m=
Profit (loss) carried forward14€1.6m€1.8m€2.0m€2.4m€2.4m€2.4m€2.8m€3.7m▲ 31.4%
Provisions and deferred taxes16----€0.03m€0.006m€0.02m€0.01m▼ 35.4%
Provisions for liabilities and charges160/5----€0.03m€0.006m€0.02m€0.01m▼ 35.4%
Pensions and similar obligations160----€0.03m----
Other liabilities and charges164/5-----€0.006m€0.02m€0.01m▼ 35.4%
Amounts payable17/49€1.3m€1.2m€1.3m€2.1m€3.2m€3.3m€3.9m€4.2m▲ 7.9%
Amounts payable within one year42/48€1.3m€1.1m€1.3m€2.1m€3.2m€3.3m€3.9m€4.2m▲ 7.5%
Trade debts44€1.0m€0.7m€0.9m€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---€0.3m€0.5m€0.5m€0.5m€0.3m▼ 42.9%
Taxes450/3---€0.2m€0.3m€0.3m€0.2m€0.01m▼ 94.6%
Remuneration and social security454/9---€0.2m€0.2m€0.2m€0.2m€0.3m▲ 9.5%
Other amounts payable47/48---€0.3m€1.2m€0.9m€0.5m€0.2m▼ 54.3%
Accrued charges and deferred income492/3---€0.02m-€17€0.001m€0.02m▲ 12×
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€0.4m€0.5m€0.2m€0.7m€0.8m€0.8m€1.2m€1.3m▲ 7.1%
+ Depreciation and write-downs630-€0.001m€0.001m€0.001m€0.007m€0.01m€0.01m€0.01m=
Operating cash flow (approximation)€0.4m€0.5m€0.2m€0.7m€0.8m€0.8m€1.2m€1.3m▲ 7.1%
Investment in fixed assets (approximation)-€0€0-€0.01m-€0.04m€0€0€0-
Change in cash--€0.09m€0.3m€0.1m€1.1m-€0.5m€0.7m-€0.2m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference
31-03-2026 full format 23-09-2026 2026-00521745
31-03-2025 full format 02-10-2025 2025-00526131
31-03-2024 full format 30-09-2024 2024-00482759
31-03-2023 full format 17-10-2023 2023-00488128
31-03-2022 full format 25-10-2022 2022-20471825
31-03-2021 full format 19-10-2021 2021-72300485
31-03-2020 full format 23-10-2020 2020-63400484
31-03-2019 full format 15-10-2019 2019-70200344
31-03-2018 full format 16-10-2018 2018-69400528
31-03-2017 full format 05-10-2017 2017-66700065

Show all 49 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors

Board 2

MAINFREIGHT HOLDING
Huidige functie als bestuurder · Foreign entity
Current
Amasia Intercontinental Trading and Forwarding
Huidige functie als bestuurder · Legal entity · from a recent deed
Current

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises
Statutory auditor · since 16-04-2024 · permanent representative: Francis Boelens
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
17 of this company's 19 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2024, 3 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Amasia Intercontinental Trading and Forwardingfrom an act
  • Huidige functie als bestuurder, since before 26-02-2024
MAINFREIGHT HOLDING
  • Huidige functie als bestuurder, since before 26-02-2024
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 16-04-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

3 owners

Chain of control

  1. Mainfreight LTDNZ consolidates
  2. SystemPlusLogisticService

Highest known parent: Mainfreight LTD (New Zealand). The sources do not say who stands above it.

Owners 3

According to the annual accounts to 31-03-2026 of SystemPlusLogisticService and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

3 connected companies
Depth
MAINFREIGHT, Shared corporate director MMAINFREIGHTMAINFREIGHT FORWARDING BELGIUM, Shared corporate director MFMAINFREIGHTFORWARDING…MAINFREIGHT SUPPORT BELGIUM, Shared corporate director MSMAINFREIGHTSUPPORT BELGIUMSystemPlusLogisticService SystemPlusL…0404.535.629
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
MAINFREIGHT
Shared corporate director
→
MAINFREIGHT FORWARDING BELGIUM
Shared corporate director
→
MAINFREIGHT SUPPORT BELGIUM
Shared corporate director
→

History

On 16 May 1964, SystemPlusLogisticService was incorporated.1 Turnover went from €7.1m in 2019 to €11.8m in 2026 and headcount from 11.3 to 13.9 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Acts, filings and financial milestones

Next filing, financial year 2027, expected by 31-10-2027
2026
23-09
NBB filing Annual accounts filed
financial year 2026 · full format
31-03
Financial Highest result from 2019 to 2026net €1.3m ▲7.1%
Operating result €1.5m, net result €1.3m, both a record.
31-03
Financial Equity above €5mequity €5.5m ▲30.2%
A profit in every financial year since 2019 builds equity to €5.5m.
2025
02-10
NBB filing Annual accounts filed
financial year 2025 · full format
2024
30-09
NBB filing Annual accounts filed
financial year 2024 · full format
16-04
Gazette deed Reappointment: BV EY Bedrijfsrevisoren (statutory auditor)
Permanent representative: Benjamin Fitts4 facts ▸
  • General meeting, 18-09-2023
  • Auditor reappointment, BV EY Bedrijfsrevisoren (statutory auditor)
  • Other provision, “vertegenwoordiger, vertegenwoordiger van commissaris” (deed in Dutch)
  • Permanent representative, Benjamin Fitts
26-02
Gazette deed Amendment of the articles · Resignations & appointments
Reappointments: MAINFREIGHT HOLDING BV (huidige functie als bestuurder) and Amasia Intercontinental Trading and Forwarding (huidige functie als bestuurder) · Incorporation · Power of attorney10 facts ▸
  • General meeting, 14-12-2023
  • Incorporation, 08-12-1964
  • Amendment of the articles (2 times)
  • Power of attorney, CarlPOLFLIET
  • Power of attorney, Thibauld POLFLIET
  • Director reappointment, MAINFREIGHT HOLDING BV (huidige functie als bestuurder)
  • Director reappointment, Amasia Intercontinental Trading and Forwarding (huidige functie als bestuurder)
  • Declaration, “aanvaarding herbenoeming, verklaart en bevestigt namens aangestelde bestuurders te aanvaarden” (deed in Dutch)
  • Registered office clause, “3600 Genk,Geleenlaan 33, vijfde besluit” (deed in Dutch)
  • Other provision, “unanimiteit besluiten, eenparigheid van stemmen” (deed in Dutch)
2023
17-10
NBB filing Annual accounts filed
financial year 2023 · full format
2022
25-10
NBB filing Annual accounts filed
financial year 2022 · full format
2021
19-10
NBB filing Annual accounts filed
financial year 2021 · full format
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
financial year 2020 · full format
Show earlier events
2019
15-10
NBB filing Annual accounts filed
financial year 2019 · full format
2018
16-10
NBB filing Annual accounts filed
financial year 2018 · full format
2017
05-10
NBB filing Annual accounts filed
financial year 2017 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 49 annual accounts filed, the latest 10 are here; all 49 are under Financials.
2 of 19 deeds read
About the unread acts

Of the 19 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 17 have not 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.

Register details

Identification
Legal formPublic limited company
Founded16-05-1964
Financial year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0404535629
Also 9925:BE0404535629
Registered 09-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 24 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 1995
registered office establishment The establishment unit on the map
Ground area
5.1 ha
Building footprint
8,396 m²
Building volume
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
Geleenlaan 33, 3600 GenkFreight transport by road
since 1995unit no. 2.000.373.392
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
71304D1238/00T012 Flanders 5.1 ha 1 · 8,396 m² 16.7 m
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Alleluchttransporten,verzendingen,douaneformaliteiten,verzekeringen,hethurenenkopenvanburelen,warenhuizen,allemateriëelvoortransport,onders…” (deed in Dutch)
Text of the purpose (deed in Dutch)

“Alleluchttransporten,verzendingen,douaneformaliteiten,verzekeringen,hethurenenkopenvanburelen,warenhuizen,allemateriëelvoortransport,onderschrijving,deelnemensamensmeltingmetanderemaatschappijen,hetzelfdedoelhebbendeeninhetalgemeenallecommerciële,industriëleenfinanciëleverrichtingeninverbandmethetvoorwerpvandemaatschappij.”

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
“Duur De vennootschap is opgericht voor een onbepaalde duur. De vennootschap kan ontbonden worden bij besluit van de algemene vergadering die…” (deed in Dutch)
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed

deed of 26-02-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
One provision in the deed

deed of 26-02-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Monday of September at 17:00

deed of 26-02-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Bijeenroeping bijzondere of buitengewone algemene vergadering, bestuursorgaan of in voorkomend geval commissaris” (deed in Dutch)
Other provision: “Toelating algemene vergadering en stemrecht, attest van erkende rekeninghouder of vereffeningsinstelling bezorgd of te bezorgen aan…” (deed in Dutch)
Other provision: “Bestemming winst, jaarvergadering bij gewone meerderheid op voorstel raad van bestuur” (deed in Dutch)
5 more provisions in the deed, see the deed of 26-02-2024

deed of 26-02-2024

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