UGM GROUP LOGISTICS
Open bankruptcyA bankruptcy procedure is open for UGM GROUP LOGISTICS according to publications in the Belgian State Gazette; curator: WIM BOLLEN.
Summary
The 2024 annual accounts show equity of €87k and a net result of €24k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 03-06-2025, 58 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
42 d late
2022
51 d late
2021
40 d late
2020
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€87k▲ 38.4%
2023 · €63k
2020: €12k
2021: €20k
2022: €42k
2023: €63k
2020 → 2024
Total assets
€337k▲ 157%
2023 · €131k
2020: €63k
2021: €62k
2022: €127k
2023: €131k
2020 → 2024
Net result
€24k▲ 15.2%
2023 · €21k
2020: €-6k
2021: €8k
2022: €22k
2023: €21k
2020 → 2024
Working capital
€53k▲ 109%
2023 · €25k
2020: €-15k
2021: €-9k
2022: €1k
2023: €25k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€20k▲ 71.6%€42k▲ 107%€63k▲ 50.0%€87k▲ 38.4%
Operating result€-5k-€15k€31k▲ 109%€35k▲ 11.6%€66k▲ 89.0%
Net result€-6k-€8k€22k▲ 156%€21k▼ 3.2%€24k▲ 15.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 89% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €337k
Fixed assets
€34k ▼ 9.3%
Current assets
€304k ▲ 223%
Equity and liabilities €337k
Equity
€87k ▲ 38.4%
Debt
€251k ▲ 266%
Debt's share of the balance-sheet total rises from 52.2% to 74.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▲
2023 · €44k
Cash flow
€34k▲
2023 · €30k
Current ratio
1.21▼
2023 · 1.37
Debt to equity
2.89▲
2023 · 1.09
ROE
27.8%▼
2023 · 33.3%
ROA
7.1%▼
2023 · 15.9%
Interest coverage
2.39▼
2023 · 9.58
Debt ≤ 1 year
€251k▲
2023 · €69k
Income taxes
€13k▲
2023 · €9k
Staff costs
€263k▲
2023 · €131k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€131k€337k▲
Fixed assets21/28€37k€34k▼
Tangible fixed assets22/27€18k€15k▼
Furniture and vehicles24€2k€7k▲
Leasing and similar rights25€17k€8k▼
Financial fixed assets28€19k€19k=
Current assets29/58€94k€304k▲
Amounts receivable after more than one year29-€96k
Other amounts receivable291-€96k
Amounts receivable within one year40/41€60k€181k▲
Trade receivables40€51k€136k▲
Other amounts receivable41€9k€44k▲
Cash at bank and in hand54/58€130€1k▲
Deferred charges and accrued income490/1€34k€26k▼
Equity and liabilities
Total equity and liabilities10/49€131k€337k▲
Equity10/15€63k€87k▲
Contributions10/11€18k€18k=
Profit (loss) carried forward14€45k€69k▲
Amounts payable17/49€69k€251k▲
Amounts payable within one year42/48€69k€251k▲
Trade debts44€16k€57k▲
Suppliers440/4€16k€57k▲
Taxes, remuneration and social security45€50k€193k▲
Taxes450/3€35k€120k▲
Remuneration and social security454/9€16k€73k▲
Other amounts payable47/48€2k€750▼
Income statement
Code20232024
Remuneration, social security and pensions62€131k€263k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€32k€63k▲
Gross operating margin9900€207k€402k▲
Operating profit (loss)9901€35k€66k▲
Financial income75/76B€78€3k▲
Recurring financial income75€78€3k▲
Financial charges65/66B€5k€32k▲
Recurring financial charges65€5k€32k▲
Profit (loss) for the period before taxes9903€30k€37k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€21k€24k▲
Profit (loss) for the period to be appropriated9905€21k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€69k▲
Profit (loss) brought forward from the previous period14P€24k€45k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · UGM GROUP LOGISTICS BV OUDESMIDSESTRAAT 20, 1700 DILBEEK · event 06-01-2026
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €24k ▲15.2%
Operating result €66k, net result €24k, both a record.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
SignalFinancial 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
1 establishment unit since 2020
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.
Ground area
1.2 ha
Building footprint
1,164 m²
Volume, LiDAR
36,749 m³
2 parcels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
UGM GROUP LOGISTICS
since 20202.307.737.886
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 23016D0063/00W002 | Flanders | 300 m² | 1 · 299 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP SINT-JORIS-WINGE 21,
3200 AARSCHOT |
06-01-2026 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,313 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
Founded24-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.