TL LOGISTICS
ActiveSummary
The annual accounts of TL LOGISTICS for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €44,095 and a net result of -€45,400. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 980 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-65
Solvency41▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 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 0.1 against 0.26 in 2024; short-term debt: 83.5% and cash: 2.2% of total assets), and 83.5% of the assets are financed with debt.
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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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
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
16.5%
Return on assets
-17%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€45,400
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
49 d early
2023
on the day
2022
4 d early
2021
3 d early
2020
224 d late
2019
31 d late
← 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 24 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 26 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 company by total assets in Beersel, Transport and storage sector#7 oldest company in Beersel, Transport and storage sector#9 company by equity in Beersel, Transport and storage sector
Equity
€44,095▼ 50.7%
2024 · €89,495
Total assets
€267,725▼ 20.5%
2024 · €336,558
Net result
-€45,400▼ 341%
2024 · -€10,294
Working capital
-€200,328▼ 9.6%
2024 · -€182,738
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,217€7,086€35,000▲ 394%-€6,903-€43,539▼ 531%
Net result-€17,136below the sector's middle half€253within the sector's middle half€28,452within the sector's middle half▲ 11,149%-€10,294below the sector's middle half-€45,400below the sector's middle half▼ 341%
Equity€71,085within the sector's middle half▼ 19.4%€71,337within the sector's middle half▲ 0.4%€99,789within the sector's middle half▲ 39.9%€89,495within the sector's middle half▼ 10.3%€44,095within the sector's middle half▼ 50.7%
Total assets€426,395within the sector's middle half▲ 17.2%€371,291within the sector's middle half▼ 12.9%€383,857within the sector's middle half▲ 3.4%€336,558within the sector's middle half▼ 12.3%€267,725within the sector's middle half▼ 20.5%
Debt€355,310▲ 29.0%€299,953▼ 15.6%€284,068▼ 5.3%€247,063▼ 13.0%€223,630▼ 9.5%
Working capital-€259,996below the sector's middle half▼ 13.3%-€243,135below the sector's middle half▲ 6.5%-€198,322below the sector's middle half▲ 18.4%-€182,738below the sector's middle half▲ 7.9%-€200,328below the sector's middle half▼ 9.6%
Solvency16.7%within the sector's middle half▼ 7.6pp19.2%within the sector's middle half▲ 2.5pp26.0%within the sector's middle half▲ 6.8pp26.6%within the sector's middle half▲ 0.6pp16.5%within the sector's middle half▼ 10.1pp
Current ratio0.21below the sector's middle half▲ 0.100.15below the sector's middle half▼ 0.060.30below the sector's middle half▲ 0.150.26below the sector's middle half▼ 0.040.10below the sector's middle half▼ 0.16
Return on assets (ROA)-4.0%below the sector's middle half▼ 4.4pp0.1%within the sector's middle half▲ 4.1pp7.4%within the sector's middle half▲ 7.3pp-3.1%below the sector's middle half▼ 10.5pp-17.0%below the sector's middle half▼ 13.9pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,539 in 2025 against €6,903 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267,725
Fixed assets
€244,423 ▼ 10.2%
Current assets
€23,302 ▼ 63.8%
Equity and liabilities €267,725
Equity
€44,095 ▼ 50.7%
Debt
€223,630 ▼ 9.5%
Debt's share of the balance-sheet total rises from 73.4% to 83.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€15,729▼
2024 · €20,907
Cash flow
-€17,590▼
2024 · €17,516
Debt to equity
5.07▲
2024 · 2.76
ROE
-103.0%▼
2024 · -11.5%
Interest coverage
-8.45▼
2024 · 6.16
Debt ≤ 1 year
€223,630▼
2024 · €247,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 1,221 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,167 | €27,810 | €27,810 | €27,810 | €27,810 | = |
| Other operating charges640/8 | €4,423 | €3,938 | €4,709 | €794 | €8,548 | ▲ 977% |
| Gross operating margin9900 | €19,373 | €38,834 | €67,520 | €21,701 | -€7,181 | ▼ 133% |
| Operating profit (loss)9901 | -€12,217 | €7,086 | €35,000 | -€6,903 | -€43,539 | ▼ 531% |
| Financial income75/76B | €1 | €1 | €0 | - | €2 | - |
| Recurring financial income75 | €1 | €1 | €0 | - | €2 | - |
| Financial charges65/66B | €4,919 | €6,834 | €4,993 | €3,391 | €1,862 | ▼ 45.1% |
| Recurring financial charges65 | €4,919 | €6,834 | €4,993 | €3,391 | €1,862 | ▼ 45.1% |
| Profit (loss) for the period before taxes9903 | -€17,136 | €253 | €30,007 | -€10,294 | -€45,400 | ▼ 341% |
| Income taxes67/77 | - | - | €1,555 | €0 | - | - |
| Profit (loss) for the period9904 | -€17,136 | €253 | €28,452 | -€10,294 | -€45,400 | ▼ 341% |
| Profit (loss) for the period to be appropriated9905 | -€17,136 | €253 | €28,452 | -€10,294 | -€45,400 | ▼ 341% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426,395 | €371,291 | €383,857 | €336,558 | €267,725 | ▼ 20.5% |
| Fixed assets21/28 | €355,663 | €327,853 | €300,043 | €272,233 | €244,423 | ▼ 10.2% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €355,663 | €327,853 | €300,043 | €272,233 | €244,423 | ▼ 10.2% |
| Land and buildings22 | €305,079 | €288,482 | €271,885 | €255,287 | €238,690 | ▼ 6.5% |
| Plant, machinery and equipment23 | €10,160 | €8,847 | €7,534 | €6,221 | €4,908 | ▼ 21.1% |
| Furniture and vehicles24 | €40,425 | €30,525 | €20,625 | €10,725 | €825 | ▼ 92.3% |
| Current assets29/58 | €70,731 | €43,438 | €83,814 | €64,324 | €23,302 | ▼ 63.8% |
| Amounts receivable within one year40/41 | €70,511 | €41,263 | €44,800 | €18,254 | €6,655 | ▼ 63.5% |
| Trade receivables40 | €70,472 | €41,263 | €44,800 | €14,825 | €6,655 | ▼ 55.1% |
| Other amounts receivable41 | €39 | - | - | €3,430 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €221 | €1,161 | €39,013 | €41,821 | €5,763 | ▼ 86.2% |
| Deferred charges and accrued income490/1 | - | €1,013 | - | €4,249 | €10,885 | ▲ 156% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426,395 | €371,291 | €383,857 | €336,558 | €267,725 | ▼ 20.5% |
| Equity10/15 | €71,085 | €71,337 | €99,789 | €89,495 | €44,095 | ▼ 50.7% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €68,430 | €68,430 | €68,430 | €68,430 | €68,430 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | €1,855 | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | €1,855 | - |
| Distributable reserves133 | €66,575 | €66,575 | €68,430 | €68,430 | €66,575 | ▼ 2.7% |
| Profit (loss) carried forward14 | -€15,895 | -€15,642 | €12,809 | €2,515 | -€42,885 | ▼ 1,805% |
| Amounts payable17/49 | €355,310 | €299,953 | €284,068 | €247,063 | €223,630 | ▼ 9.5% |
| Amounts payable after more than one year17 | €24,583 | €13,381 | €1,932 | - | - | - |
| Financial debts170/4 | €24,583 | €13,381 | €1,932 | - | - | - |
| Amounts payable within one year42/48 | €330,727 | €286,573 | €282,136 | €247,063 | €223,630 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | €13,369 | €11,203 | €11,448 | €1,932 | - | - |
| Financial debts43 | €11,201 | €9,941 | €7,986 | - | - | - |
| Credit institutions430/8 | €11,201 | €9,941 | €7,986 | - | - | - |
| Trade debts44 | €37,568 | €44,123 | €16,840 | €37,386 | €28,637 | ▼ 23.4% |
| Suppliers440/4 | €37,568 | €44,123 | €16,840 | €37,386 | €28,637 | ▼ 23.4% |
| Taxes, remuneration and social security45 | €18,949 | €3,878 | €4,728 | €8,897 | €3,879 | ▼ 56.4% |
| Taxes450/3 | €10,425 | €3,878 | €4,728 | €8,897 | €3,879 | ▼ 56.4% |
| Remuneration and social security454/9 | €8,524 | - | - | - | - | - |
| Other amounts payable47/48 | €249,640 | €217,428 | €241,134 | €198,848 | €191,114 | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,136 | €253 | €28,452 | -€10,294 | -€45,400 | ▼ 341% |
| + Depreciation and write-downs630 | €27,167 | €27,810 | €27,810 | €27,810 | €27,810 | = |
| Operating cash flow (approximation) | €10,031 | €28,063 | €56,262 | €17,516 | -€17,590 | ▼ 200% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €940 | €37,852 | €2,807 | -€36,058 | ▼ 1,384% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€45,400
Net result drops to -€45,400, the lowest in the series.
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €28,452 ▲11,149%
Operating result €35,000, net result €28,452, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €253
Net result €253 after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 224 days late
2020
30-09
Financial
Back to profitnet €1,241
Net result €1,241 after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beersel · 1 establishment unit since 2007
Ground area
5,613 m²
Building footprint
1,495 m²
Volume, LiDAR
9,558 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hemelstraat 14, 1651 Beersel
since 20072.234.861.192
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23046C0311/00C000 | Flanders | 5,081 m² | 1 · 1,296 m² | 7.6 m · 2 fl. |
| 23046C0106/00R000 | Flanders | 532 m² | 1 · 199 m² | 10.3 m · 2 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.
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Of 3,185 companies in sector 52250 we hold annual accounts for 1,962. 1,112 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
Founded12-05-2005
Fiscal year end30-09
Activities, NACEBEL 2025
52250Logistics services
Contact
Phone
02/377.00.32Beersel
Fax
02/377.00.68Beersel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873767387
Also
9925:BE0873767387
Registered
14-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.