V.H. LOGISTICS
ActiveV.H. LOGISTICS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192k and a net result of €20k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 66% of 4575 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-24
Solvency80▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.7 in 2024; short-term debt: 45.2% and cash: 0.1% of total assets), and 45.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.8%
Return on assets
5.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 9 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
28 d late
2022
28 d late
2021
80 d late
2020
32 d early
2019
18 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€192k▼ 5.1%
2024 · €202k
2018: €1.06M
2019: €-130k
2020: €-114k
2021: €-101k
2022: €-90k
2023: €-56k
2024: €202k
2018 → 2025
Total assets
€350k▲ 1.2%
2024 · €346k
2018: €1.81M
2019: €485k
2020: €488k
2021: €489k
2022: €473k
2023: €486k
2024: €346k
2018 → 2025
Net result
€20k▼ 92.1%
2024 · €258k
2018: €33k
2019: €-1.19M
2020: €16k
2021: €13k
2022: €11k
2023: €34k
2024: €258k
2018 → 2025
Working capital
€90k▼ 9.8%
2024 · €100k
2018: €-370k
2019: €-380k
2020: €-241k
2021: €-205k
2022: €-198k
2023: €-158k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-101k-€-90k▲ 10.6%€-56k▲ 37.8%€202k€192k▼ 5.1%
Operating result€22k-€16k▼ 27.3%€48k▲ 202%€41k▼ 14.6%€29k▼ 29.3%
Net result€13k-€11k▼ 20.2%€34k▲ 218%€258k▲ 659%€20k▼ 92.1%
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 has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350k
Fixed assets
€102k▼ 0.4%
Current assets
€248k▲ 1.9%
Equity and liabilities €350k
Equity
€192k▼ 5.1%
Debt
€158k▲ 10.0%
The debt ratio rises from 41.5% to 45.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▼
2024 · €42k
Cash flow
€22k▼
2024 · €259k
Solvency
54.8%▼
2024 · 58.5%
Current ratio
1.57▼
2024 · 1.70
Quick ratio
1.57▼
2024 · 1.70
Debt / equity
0.82▲
2024 · 0.71
ROE
10.6%▼
2024 · 127.7%
ROA
5.8%▼
2024 · 74.7%
Interest coverage
105.17▼
2024 · 160.12
Debt
€158k▲
2024 · €144k
Debt ≤ 1 year
€158k▲
2024 · €144k
Income taxes
€8k▼
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€346k€350k▲
Fixed assets21/28€102k€102k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€100k€100k=
Current assets29/58€244k€248k▲
Amounts receivable within one year40/41€228k€232k▲
Trade receivables40€41k€45k▲
Other amounts receivable41€187k€187k=
Cash at bank and in hand54/58€84€308▲
Deferred charges and accrued income490/1€16k€16k=
Equity and liabilities
Total equity and liabilities10/49€346k€350k▲
Equity10/15€202k€192k▼
Contributions10/11€346k€346k=
Reserves13€35k€35k=
Non-distributable reserves130/1€35k€35k=
Reserves not available under the articles1311€35k€35k=
Profit (loss) carried forward14€-178k€-188k▼
Amounts payable17/49€144k€158k▲
Amounts payable within one year42/48€144k€158k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€10k▲
Other amounts payable47/48€141k€148k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€43k€32k▼
Operating profit (loss)9901€41k€29k▼
Financial income75/76B€268k-
Recurring financial income75€268k-
Non-recurring financial income76B€268k-
Financial charges65/66B€261€286▲
Recurring financial charges65€261€286▲
Profit (loss) for the period before taxes9903€308k€29k▼
Income taxes67/77€50k€8k▼
Profit (loss) for the period9904€258k€20k▼
Profit (loss) for the period to be appropriated9905€258k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-178k€-188k▼
Profit (loss) brought forward from the previous period14P€-436k€-209k▲
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €258k ▲659%
Net result €258k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.70
Current ratio from 0.71 to 1.70; short-term debt falls from €542k to €144k.
31-12
Financial
Equity above €200kEq €202k
5 profitable years in a row build equity to €202k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-1.19M ▼3663%
Net result drops to €-1.19M, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 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.
Dennenlaan 68700 TieltGround area
556 m²
Building footprint
120 m²
Volume, LiDAR
591 m³
Parcel 37001A0427/00T000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.H. Logistics BVBA
since 20162.258.556.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37001A0427/00T000 | Flanders | 556 m² | 1 · 120 m² | 7.8 m · 2 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.
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BAERT AGROTRANS
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Urbike
BE 0692.733.319
Vorst · Eq €192k
KROELL TRANSPORTS
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U-MOVE
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Zottegem · Eq €192k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-09-2016
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.