Financials
- Financial year
- 2024
- Total assets
- €3.6m
- Loss
- -€199,330
- Solvency
- 9.4%
Total assets▲ 5.5%
Net result
20192024
THE AGENCY
ActiveThe file of THE AGENCY contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is at least 25% (high). The 2024 annual accounts show equity of €333,386 and a net result of -€199,330. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 13% of 1,851 sector peers (NACE 49, financial year 2024).
Overview
Activity
Freight transport by road
NACE 49410Logistics services NACE 52250
3rd largest company by total assets in Brasschaat, Transport and storage sector1 site
Size
€3.6mtotal assets 2024
- Staff
- 5 FTE
- Equity
- €333,386
- Loss
- -€199,330
Turnover not published (abbreviated format)
Structure
- Largest shareholder
- FAST FORWARD LOGISTICS · 20%
Accounts 79 days overdue2 of 10 deeds read
Why 2raises riskReorganisation plan being carried out (approved, Gazette 04-08-2026)Figures for financial year 2024 (filed 22-10-2025)1 change of registered office in 24 months3 warning signals in 24 months (reorganisation 3)Show the evidence
Checked score
Score 2024
2
/ 100
Critical
Probability in this band: over 15.0%
Financially better than 16% of its sector peers (NACE 49, micro)
Financial strength · tick = 2023
Weak
Solvency
34-7
equity 9.4% of total assets
Liquidity
16-8
short-term debt 84.1% · cash 9.7%
Profitability
12-62
return on assets -5.6%
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 2 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%lowest value
12-2024: 1.0%● unchanged vs 11-2024lowest value
01-2025: 1.0%● unchanged vs 12-2024lowest value
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.2%▲ +0.2 percentage points vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%▼ -0.1 percentage points vs 04-2025
06-2025: 1.6%▲ +0.4 percentage points vs 05-2025
07-2025: 2.0%▲ +0.4 percentage points vs 06-2025
08-2025: 2.8%▲ +0.8 percentage points vs 07-2025
09-2025: 2.9%▲ +0.1 percentage points vs 08-2025
10-2025: 4.2%▲ +1.3 percentage points vs 09-2025
11-2025: 2.5%▼ -1.7 percentage points vs 10-2025
12-2025: 3.3%▲ +0.8 percentage points vs 11-2025
01-2026: 3.3%● unchanged vs 12-2025
06-2026: ≥ 25%
07-2026: ≥ 25%● unchanged vs 06-2026
08-2026: ≥ 25%● unchanged vs 07-2026
09-2026: ≥ 25%● unchanged vs 08-2026
10-2026: ≥ 25%● unchanged vs 09-2026highest value
No credit on open account
Liquidity tight (current ratio 1.02, compared with 1.12 in 2023, below the usual 1.5; short-term debt: 84.1% and cash: 9.7% of total assets), and 90.6% 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, micro): better than 21% on solvency, 14% on liquidity, 15% on profitability and 14% on growth.
The bankruptcy probability was computed on 17-10-2026 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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Signals
Seven signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1851 sector peers (2024).
NBB · sector comparisonPosition among 1851 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 79 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline18-10-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
83 days late
2023
7 days early
2022
6 days early
2021
23 days early
2020
5 days early
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days after 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 (1)
- Plan homologationEnterprise Court of Antwerp ·…
- Filing of a new plan authorisedEnterprise Court of Antwerp, Antwerp…
- OpeningEnterprise Court of Antwerp ·…
Key points
By topic
Board & ownership
- Largest shareholder
- FAST FORWARD LOGISTICS · 20%
Timeline
- Events
- 16
- Since
- 2020
- 05-11-2025Registered office
- 22-10-2025Annual accounts filed
- 10-07-2025Resignation: Van Gils Bartel (director)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 18-09-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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