Financials
- Financial year
- 2024
- Total assets
- €12.4m
- Loss
- -€436,811
- Solvency
- -21.8%
Total assets▼ 0.7%
Net result
20182024
THE BRIDGE LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of THE BRIDGE LOGISTICS is 3.3% (moderate). The 2024 annual accounts show negative equity (-€2.7m) and a net result of -€436,811. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 6% of 9,641 sector peers (NACE 68, financial year 2024). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€12.4mtotal assets 2024
- Equity
- -€2.7m
- Loss
- -€436,811
Turnover not published (abbreviated format)
Structure
- Parent
- ZAVENTEM PROPERTIES · 100%
- Holdings
- 1
- Ronaid VAN DER WAALSManager
- Leonidas GPManager · permanent representative SOTTIAUX Marc Jean Marie Jules François
- ASTRAL MinorityDirector · permanent representative Johannes GROEN
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’EntreprisesAccounts 72 days overdue
Why 47raises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed 27-02-2025)Liquidity: current ratio 0.06, cash €137,045lowers riskLegal form: limited partnershipShow the evidence
Checked score
Score 2024
47
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 68, medium-sized)
Financial strength · tick = 2023
Weak
Solvency
3-4
equity -21.8% of total assets
Liquidity
1-47
short-term debt 107.5% · cash 1.1%
Profitability
21-3
return on assets -3.5%
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%lowest value
12-2024: 0.1%● unchanged vs 11-2024lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
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: 0.3%▲ +0.2 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 1.5%▲ +1.2 percentage points vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.6%▲ +0.1 percentage points vs 04-2026
06-2026: 1.7%▲ +0.1 percentage points vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026
08-2026: 2.1%▲ +0.4 percentage points vs 07-2026
09-2026: 2.6%▲ +0.5 percentage points vs 08-2026
10-2026: 3.3%▲ +0.7 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.06, compared with 0.36 in 2023; short-term debt: 107.5% and cash: 1.1% of total assets), and equity is negative.
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 68, medium-sized): better than 2% on solvency, 4% on liquidity, 15% on profitability and 14% on growth.
The bankruptcy probability was computed on 10-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€2.7m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-02-2025, 154 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
154 days early
2023
28 days early
2022
19 days early
2021
17 days early
2020
24 days early
2019
31 days late
← 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 35 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Resignation: Nicolas TEYA (director)Permanent representatives: Nicolas TEYA and…
- Resignation: Marc Sottiaux (director)Permanent representative: Nicolas Teya
- Registered officeRegistered-office move
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€2.7m View
- Caution: Among the weakest 5% on net resultsector median €13,456 · 9,636 companies -€436,811 View
- Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
- Controlled by ZAVENTEM PROPERTIESultimately: Iris Pledgeco S.a.r.l. 100% View
- Caution: Result fell in 2024from -€316,508 to -€436,811 ▼ 38.0% View
- Caution: 2 loss-making years in a rowloss financial year 2024 -€436,811 View
By topic
Board & ownership
- Board
- 3 members
- Parent
- ZAVENTEM PROPERTIES · 100%
- Auditor
- Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
- Ronaid VAN DER WAALSManager
- Leonidas GPManager
- ASTRAL MinorityDirector
Network & group
- Group
- Iris Pledgeco S.a.r.l.
- Subsidiaries
- 1
- Connected companies
- 19
1 subsidiary
Timeline
- Events
- 45
- Since
- 2008
- 18-03-2025Resignation: ASTRAL Minority SRL (sole director)
- 27-02-2025Annual accounts filed
- 23-07-2024Capital & shares
Company details
- Sites
- 1
- Legal form
- Limited partnership
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 29-11-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- A) la construction, le développement et la gestion du patrimoine immobilier; b) la…
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