TVO LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of TVO LOGISTICS is 2.1% (moderate). The 2025 annual accounts show negative equity (€-101k) and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 866 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+96
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.21 in 2024; short-term debt: 355.6% and cash: 1.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
-255.6%
Return on assets
34.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 866 sector peers (2025).
NBB · sector comparisonPosition among 866 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
63 d early
2024
111 d early
2023
92 d early
2022
118 d early
2021
79 d early
2020
60 d early
2019
99 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14k
2024 · €-101k
2018: €-8k
2019: €8k
2020: €7k
2021: €-14k
2022: €-39k
2023: €3k
2024: €-101k
2018 → 2025
Working capital
€-125k▲ 20.4%
2024 · €-157k
2018: €-42k
2019: €-43k
2020: €-60k
2021: €-44k
2022: €-40k
2023: €-60k
2024: €-157k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€-17k€-14k▲ 19.5%€-115k▼ 744%€-101k▲ 11.8%
Operating result€-10k-€-36k▼ 272%€7k€-98k€19k
Net result€-14k-€-39k▼ 174%€3k€-101k€14k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €98k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€23k ▼ 49.3%
Current assets
€16k ▼ 60.2%
Key figures and ratios
EBITDA
€58k▲
2024 · €-56k
Cash flow
€53k▲
2024 · €-59k
Solvency
-255.6%▼
2024 · -131.8%
Current ratio
0.12▼
2024 · 0.21
Debt to equity
-1.39▲
2024 · -1.76
ROA
34.1%▲
2024 · -116.2%
Interest coverage
5.53▲
2024 · -13.73
Debt
€141k▼
2024 · €202k
Debt ≤ 1 year
€141k▼
2024 · €198k
Debt > 1 year
€0▼
2024 · €4k
Staff costs
€115k▲
2024 · €102k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€87k€40k▼
Fixed assets21/28€46k€23k▼
Tangible fixed assets22/27€46k€7k▼
Furniture and vehicles24€5k€0▼
Leasing and similar rights25€41k€7k▼
Financial fixed assets28-€16k
Current assets29/58€41k€16k▼
Amounts receivable within one year40/41€40k€16k▼
Trade receivables40€15k€411▼
Other amounts receivable41€24k€15k▼
Cash at bank and in hand54/58€845€730▼
Deferred charges and accrued income490/1€927€0▼
Equity and liabilities
Total equity and liabilities10/49€87k€40k▼
Equity10/15€-115k€-101k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-137k€-123k▲
Amounts payable17/49€202k€141k▼
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€198k€141k▼
Current portion of amounts payable after more than one year42€38k€3k▼
Trade debts44€64k€40k▼
Suppliers440/4€64k€40k▼
Taxes, remuneration and social security45€74k€45k▼
Taxes450/3€41k€16k▼
Remuneration and social security454/9€33k€29k▼
Other amounts payable47/48€22k€53k▲
Income statement
Code20242025
Remuneration, social security and pensions62€102k€115k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€39k▼
Other operating charges640/8€103k€12k▼
Gross operating margin9900€150k€186k▲
Operating profit (loss)9901€-98k€19k▲
Financial income75/76B€705€5k▲
Recurring financial income75€705€5k▲
Financial charges65/66B€4k€11k▲
Recurring financial charges65€4k€11k▲
Profit (loss) for the period before taxes9903€-101k€14k▲
Profit (loss) for the period9904€-101k€14k▲
Profit (loss) for the period to be appropriated9905€-101k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-137k€-123k▲
Profit (loss) brought forward from the previous period14P€-36k€-137k▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
11-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-101k ▼3162%
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Herstal · 1 establishment unit since 2016
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.
Parc Ind. des Hauts Sarts, 4e av 464040 Herstal1 establishment unit
TVO LOGISTICS
since 20162.257.171.291
Similar companies · same sector, comparable size
AGS SERVICES
BE 0776.476.189
Sint-Genesius-Rode · Eq €21,811
LJT Trans
BE 0716.631.446
Herentals · Eq €21,781
T.A.C
BE 0736.715.196
Sint-Pieters-Leeuw · Eq €21,780
Dries-Prinse
BE 0534.900.065
Balen · Eq €21,780
TVR Beton
BE 0785.835.404
Merksplas · Eq €21,760
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 5,092 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
Founded30-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43990Other specialised construction activities
52249Warehousing and support activities for transportation
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77310Rental and leasing activities
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filings
Scores and ratios are computed by Checked and are not a credit decision.