TRUELOG EUROPE

Active

Private limited companyfounded 20214 yrs activeKerkstraat 61-63, 8370 Blankenberge, BelgiumKBO/BCE: BE 0779.492.295

Summary

The computed 12-month bankruptcy probability of TRUELOG EUROPE is 1.8% (moderate). The 2024 annual accounts show equity of €53k and a net result of €3k. Its solvency ranks better than 69% of 15869 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

74 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability73

Solvency88

Growth-

Track record79

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity ample (current ratio 2.74; short-term debt: 36.5% and cash: 50.5% of total assets), and 36.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

63.5%

Return on assets

3.5%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2024

90 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€53k

Total assets

€84k

Net result

€3k

Working capital

€53k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Equity and liabilities €84k

63.5%

36.5%

Equity €53k

Debt €31k

Debt finances 36.5% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€5k

Cash flow

€4k

Current ratio

2.74

Debt to equity

0.57

ROE

5.5%

ROA

3.5%

Interest coverage

31.32

Debt ≤ 1 year

€31k

Income taxes

€1k

Staff costs

€38k

Filed annual accounts As filed with the NBB · 2024 · 32 lines

Balance sheet Code2024

Assets

Total assets20/58€84k

Current assets29/58€84k

Amounts receivable within one year40/41€41k

Trade receivables40€39k

Other amounts receivable41€2k

Cash at bank and in hand54/58€42k

Equity and liabilities

Total equity and liabilities10/49€84k

Equity10/15€53k

Contributions10/11€19k

Capital10€19k

Issued capital100€19k

Profit (loss) carried forward14€34k

Amounts payable17/49€31k

Amounts payable within one year42/48€31k

Trade debts44€15k

Suppliers440/4€15k

Taxes, remuneration and social security45€16k

Taxes450/3€5k

Remuneration and social security454/9€10k

Income statement Code2024

Remuneration, social security and pensions62€38k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€824

Other operating charges640/8€938

Gross operating margin9900€44k

Operating profit (loss)9901€4k

Financial charges65/66B€169

Recurring financial charges65€169

Profit (loss) for the period before taxes9903€4k

Income taxes67/77€1k

Profit (loss) for the period9904€3k

Profit (loss) for the period to be appropriated9905€3k

Appropriation of the result

Profit (loss) to be appropriated9906€34k

Profit (loss) brought forward from the previous period14P€31k

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2025

29-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 90 days late

NBB filing

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, Blankenberge · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kerkstraat 61-638370 Blankenberge

Ground area

362 m²

Building footprint

349 m²

Volume, LiDAR

6,073 m³

Parcel 31004A0592/00V000, Flanders · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Truelog Europe

Kerkstraat 61-63, 8370 BlankenbergeComputer programming, consultancy and related activities

since 20222.326.611.118

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31004A0592/00V000 ProtectedTownscape or village viewComplex MametSource ↗	Flanders	362 m²	1 · 349 m²	21.2 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Similar companies · same sector, comparable size

Thomas Bernard Kubitz

Zaventem · Eq €53,186

CB SQUARE

BE 0792.562.452

Durbuy · Eq €53,376

VIDEOFAC EUROPEAN TRAINING GROUP

BE 0432.636.826

Charleroi · Eq €53,401

Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,931 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-12-2021

Fiscal year end31-12

Activities, NACEBEL 2025

46190Agents in non-specialised wholesale trade

49410Freight transport by road

50200Water transport

52250Logistics services

62200Computer consultancy and computer facilities management

70200Business and other management consultancy

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

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